Consolidated Balance Sheets

Consolidated Balance Sheets

(Unit: millions of yen)

  As of March 31, 2025 As of March 31, 2026
Assets    
Current assets    
Cash and deposits 10,603 10,126
Accounts receivable - trade 15,184 16,022
Securities 555 893
Merchandise and finished goods 15,041 14,743
Work in process 544 416
Raw materials and supplies 11,032 14,022
Other 5,423 5,265
Allowance for doubtful accounts (94) (67)
Total current assets 58,290 61,424
Non-current assets    
Property, plant and equipment    
Buildings and structures 11,708 12,654
Accumulated depreciation (6,610) (6,978)
Buildings and structures, net 5,097 5,676
Machinery, equipment and vehicles 17,168 18,040
Accumulated depreciation (15,047) (15,612)
Machinery, equipment and vehicles, net 2,121 2,428
Land 4,255 4,186
Construction in progress 6,508 6,078
Other 3,941 4,542
Accumulated depreciation (3,258) (3,667)
Other, net 683 874
Total property, plant and equipment 18,667 19,244
Intangible assets    
Goodwill 2,611 2,354
Other 7,602 6,514
Total intangible assets 10,213 8,869
Investments and other assets    
Investment securities 12,666 17,299
Deferred tax assets 2,312 2,085
Retirement benefit asset － 647
Other 2,162 2,827
Allowance for doubtful accounts (17) (17)
Total investments and other assets 17,123 22,841
Total non-current assets 46,004 50,955
Total assets 104,295 112,379

(Unit: millions of yen)

  As of March 31, 2025 As of March 31, 2026
Liabilities    
Current liabilities    
Accounts payable - trade 6,411 5,288
Electronically recorded obligations - operating 2,735 2,270
Short-term borrowings 2,521 1,707
Current portion of long-term borrowings 1,940 1,562
Accounts payable - other 6,194 6,446
Income taxes payable 173 1,574
Provision for bonuses 1,210 1,250
Provision for bonuses for directors (and other officers) 73 66
Other 1,617 2,124
Total current liabilities 22,879 22,291
Non-current liabilities    
Long-term borrowings 6,441 8,165
Retirement benefit liability 206 23
Other 2,952 5,080
Total non-current liabilities 9,601 13,268
Total liabilities 32,480 35,559
Net assets    
Shareholders' equity    
Share capital 1,197 1,197
Capital surplus － 31
Retained earnings 59,545 63,352
Treasury shares (704) (658)
Total shareholders' equity 60,039 63,923
Accumulated other comprehensive income    
Valuation difference on available-for-sale securities 4,853 5,646
Foreign currency translation adjustment － (292)
Remeasurements of defined benefit plans 417 1,083
Total accumulated other comprehensive income 5,271 6,437
Non-controlling interests 6,504 6,459
Total net assets 71,814 76,819
Total liabilities and net assets 104,295 112,379