KYORITSU MAINTENANCE CO., LTD. Annual Securities Report
(Report in accordance with Article 24, paragraph (1) of
the Financial Instruments and Exchange Act)
English excerpt translation of the "Yukashoken-Houkokusho" for the 43rd fiscal year (from April 1, 2021 to March 31, 2022)
KYORITSU MAINTENANCE CO., LTD.
E04908
1. Consolidated Financial Statements, Etc.
(1) Consolidated Financial Statements
- Consolidated balance sheet
(Millions of yen) | ||||
As of March 31, 2021 | As of March 31, 2022 | |||
Assets | ||||
Current assets | ||||
Cash and deposits | 24,588 | 37,942 | ||
Notes and accounts receivable - trade | 9,702 | - | ||
Notes and accounts receivable - trade, and | - | *1 | 11,856 | |
contract assets | ||||
Real estate held for sale | *6 | 15,959 | 7,681 | |
Real estate under construction held for sale | 1,670 | *6 | 7,719 | |
Costs on uncompleted construction contracts | 513 | 61 | ||
Other | 9,562 | *4 | 7,769 | |
Allowance for doubtful accounts | (52) | (76) | ||
Total current assets | 61,944 | 72,953 | ||
Non-current assets | ||||
Property and equipment | ||||
Buildings and structures | *4 | 89,488 | *4,*6 | 85,313 |
Accumulated depreciation | (36,079) | (38,276) | ||
Buildings and structures, net | 53,408 | 47,037 | ||
Land | *4,*6 | 45,827 | *4,*6 | 39,359 |
Construction in progress | 11,278 | 13,173 | ||
Other | 16,463 | 16,984 | ||
Accumulated depreciation | (12,070) | (13,335) | ||
Other, net | 4,393 | 3,648 | ||
Total property and equipment | 114,907 | 103,218 | ||
Intangible assets | 4,235 | 3,384 | ||
Investments and other assets | ||||
Investment securities | *3,*4 | 4,499 | *3 | 3,151 |
Long-term loans receivable | 1,388 | 1,709 | ||
Guarantee deposits | 16,489 | 18,826 | ||
Leasehold deposits | 16,912 | 19,033 | ||
Deferred tax assets | 7,029 | 6,928 | ||
Other | *4 | 11,144 | *4 | 12,133 |
Allowance for doubtful accounts | (119) | (122) | ||
Total investments and other assets | 57,344 | 61,660 | ||
Total non-current assets | 176,487 | 168,264 | ||
Deferred assets | ||||
Bond issuance costs | 600 | 502 | ||
Other | - | 2 | ||
Total deferred assets | 600 | 505 | ||
Total assets | 239,032 | 241,723 |
- 1 -
(Millions of yen) | |||
As of March 31, 2021 | As of March 31, 2022 | ||
Liabilities | |||
Current liabilities | |||
Notes and accounts payable - trade | 4,667 | 6,202 | |
Short-term borrowings | 12,702 | 14,820 | |
Current portion of bonds payable | 5,280 | 5,080 | |
Income taxes payable | 1,764 | 1,035 | |
Provision for bonuses | 714 | 979 | |
Provision for bonuses for directors | 37 | 76 | |
Provision for warranties for completed | 3 | 5 | |
construction | |||
Other | 24,677 | *2 | 21,234 |
Total current liabilities | 49,848 | 49,433 | |
Non-current liabilities | |||
Bonds payable | 28,540 | 23,460 | |
Convertible bonds with share acquisition | 30,142 | 30,112 | |
rights | |||
Long-term borrowings | *4 53,003 | *4 | 61,961 |
Long-term guarantee deposits received | 3,367 | 2,992 | |
Deferred tax liabilities | 350 | 7 | |
Retirement benefit liability | 1,045 | 1,013 | |
Provision for retirement benefits for directors | 252 | 254 | |
Asset retirement obligations | 699 | 610 | |
Other | 997 | 1,291 | |
Total non-current liabilities | 118,398 | 121,703 | |
Total liabilities | 168,247 | 171,137 | |
Net assets | |||
Shareholders' equity | |||
Share capital | 7,964 | 7,964 | |
Capital surplus | 12,821 | 12,821 | |
Retained earnings | 50,831 | 50,383 | |
Treasury shares | (357) | (361) | |
Total shareholders' equity | 71,259 | 70,807 | |
Accumulated other comprehensive income | |||
Unrealized holding gain (loss) on securities | 55 | 82 | |
Deferred gain (loss) on hedges | - | 225 | |
Foreign currency translation adjustments | (555) | (583) | |
Remeasurements of defined benefit plans | 24 | 53 | |
Total accumulated other comprehensive | (474) | (221) | |
income | |||
Total net assets | 70,784 | 70,586 | |
Total liabilities and net assets | 239,032 | 241,723 |
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- Consolidated statement of income and consolidated statement of comprehensive income Consolidated statement of income
(Millions of yen)
For the year ended | For the year ended | ||
March 31, 2021 | March 31, 2022 | ||
Net sales | 121,281 | *1 | 173,701 |
Cost of sales | 111,293 | 151,659 | |
Gross profit | 9,987 | 22,042 | |
Selling, general and administrative expenses | |||
Salaries, allowances and bonuses | 5,162 | 5,309 | |
Welfare expenses | 1,029 | 991 | |
Provision for bonuses | 140 | 293 | |
Provision for bonuses for directors | 35 | 77 | |
Retirement benefit expenses | 149 | 136 | |
Provision for retirement benefits for directors | 1 | 1 | |
Promotion expenses | 1,822 | 1,916 | |
Commission expenses | 4,917 | 6,839 | |
Provision of allowance for doubtful accounts | 7 | 32 | |
Outsourcing expenses | 1,829 | 1,813 | |
Rent expenses | 1,338 | 751 | |
Depreciation | 345 | 413 | |
Other | *2 2,264 | *2 | 2,035 |
Total selling, general and administrative | 19,044 | 20,610 | |
expenses | |||
Operating profit (loss) | (9,057) | 1,431 | |
Non-operating income | |||
Interest income | 83 | 108 | |
Dividend income | 99 | 86 | |
Subsidy income | 777 | 600 | |
Income from guarantee deposits upon | 129 | 105 | |
cancellation | |||
Compensation income | 937 | 465 | |
Other | 262 | 342 | |
Total non-operating income | 2,290 | 1,708 | |
Non-operating expenses | |||
Interest expenses | 455 | 603 | |
Expenses for measures against novel infectious | 502 | 195 | |
disease | |||
Settlement package | 29 | 147 | |
Other | 1,362 | 378 | |
Total non-operating expenses | 2,349 | 1,326 | |
Ordinary profit (loss) | (9,116) | 1,814 |
- 3 -
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KYORITSU Maintenance Co. Ltd. published this content on 04 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 July 2022 06:52:06 UTC.
