Consolidated Balance Sheets
Assets
Liabilities Shareholders’ equity Net Assets
(Unit: ¥ million)
| FY2004 | FY2005 | FY2006 | FY2007 | FY2008 | |
|---|---|---|---|---|---|
| Current assets | 113,164 | 140,259 | 171,310 | 177,422 | 152,110 |
| Cash and time deposits | 5,292 | 5,815 | 4,814 | 4,316 | 50,824 |
| Notes and accounts receivable | 46,977 | 46,414 | 75,722 | 77,171 | 34,584 |
| Inventories | 50,569 | 69,706 | 81,160 | 82,236 | 53,162 |
| Deferred tax assets | 2,586 | 2,450 | 2,910 | 4,156 | 2,678 |
| Deferred hedge loss | 2,237 | 10,475 | 530 | 1,908 | 1,415 |
| Other | 5,680 | 5,557 | 6,237 | 7,679 | 10,998 |
| Less: allowance for doubtful accounts | (179) | (161) | (66) | (46) | (138) |
| Fixed assets | 148,287 | 169,055 | 180,988 | 190,508 | 191,098 |
| Tangible fixed assets | 90,627 | 92,907 | 97,492 | 111,340 | 116,031 |
| Buildings and structures | 33,985 | 34,596 | 34,948 | 36,923 | 39,832 |
| Machinery and equipment | 28,900 | 28,157 | 31,882 | 41,325 | 366,19 |
| Land | 23,764 | 24,637 | 21,219 | 23,044 | 22.760 |
| Construction in progress | 2,466 | 3,867 | 7,672 | 7,934 | 14,573 |
| Other | 1,509 | 1,647 | 1,769 | 2,113 | 2,245 |
| Intangible fixed assets | 1,077 | 2,275 | 2,425 | 2,229 | 8,578 |
| Goodwill*1 | - | - | - | - | 7,174 |
| Consolidation adjustment account*1 | 678 | 1,635 | - | - | - |
| Other | 398 | 640 | - | - | 1,404 |
| Investments and other assets | 56,583 | 73,873 | 81,071 | 76,938 | 66,488 |
| Investments in securities | 51,387 | 68,575 | 76,643 | 68,293 | 48,966 |
| Long-term loans | 511 | 505 | 41 | 29 | 23 |
| Deferred tax assets | 3,065 | 2,881 | 2,320 | 6,777 | 15,325 |
| Other | 2,007 | 2,278 | 2,219 | 2,020 | 2,378 |
| Less: allowance for doubtful accounts | (388) | (367) | (154) | (182) | (204) |
| Deferred assets | 9 | - | - | - | - |
| Corporate bond issuance expenses | 9 | - | - | - | - |
| Total assets | 261,461 | 309,315 | 352,299 | 367,931 | 343,208 |
| *1 Because the Company has adopted the “Accounting Standards for Business Combinations” in the fiscal year ending March 31, 2007, figures previously shown in “consolidation adjustment account“ are shown as “goodwill.” |
Liabilities
Assets Shareholders’ equity Net Assets
| FY2004 | FY2005 | FY2006 | FY2007 | FY2008 | |
|---|---|---|---|---|---|
| Current liabilities | 85,382 | 108,595 | 137,454 | 113,695 | 121,956 |
| Notes and accounts payable | 21,122 | 29,397 | 37,537 | 45,306 | 18,509 |
| Short-term borrowings and long-term debt due within one year | 38,893 | 41,965 | 55,551 | 38,661 | 72,192 |
| Commercial paper | - | - | - | - | - |
| Corporate bonds due within one year | - | 3,007 | 10,007 | 7 | 10,007 |
| Accrued income taxes, etc. | 9,341 | 8,648 | 13,306 | 13,189 | 588 |
| Accrued consumption tax | 648 | 2,494 | 3,127 | 25 | 559 |
| Metal loans | - | - | - | 288 | - |
| Accrued bonuses payable | 2,556 | 2,785 | 3,285 | 4,041 | 2,579 |
| Other reserves | - | - | - | - | - |
| Provision for loss on guarantees | - | - | - | - | - |
| Derivatives traded at market value | 1,447 | 6,706 | 21 | - | - |
| Other | 11,372 | 13,590 | 14,618 | 12,175 | 17,354 |
| Long-term liabilities | 76,639 | 79,565 | 73,567 | 103,954 | 117,422 |
| Corporate bonds | 13,000 | 10,028 | 10,021 | 10,014 | 7 |
| Long-term debt | 45,816 | 44,652 | 39,178 | 72,270 | 98,289 |
| Deferred tax liabilities | 4,038 | 10,213 | 8,014 | 2,933 | 1,243 |
| Reserve for employees’ retirement benefits | 11,603 | 12,151 | 12,586 | 12,626 | 12,588 |
| Reserve for directors’ and corporate auditors’ retirement benefits | 832 | 858 | 679 | 723 | 651 |
| Other reserves | - | - | - | 1,107 | 1,598 |
| Other | 1,349 | 1,661 | 3,088 | 5,385 | 3,042 |
| (Total liabilities) | 162,021 | 188,160 | 211,022 | 217,649 | 239,378 |
| Minority interests | 4,769 | 3,833 | 4,491 | 6,078 | 5,263 |
| Minority interests | 4,769 | 3,833 | 4,491 | 6,078 | 5,263 |
Shareholders’ equity*2
Assets Liabilities Net Assets
| FY2004 | FY2005 | FY2006 | FY2007 | FY2008 | |
|---|---|---|---|---|---|
| Common stock | 36,436 | 36,436 | 36,436 | 36,436 | 36,436 |
| Additional paid-in capital | 26,337 | 26,368 | 26,368 | 26,367 | 26,361 |
| Retained earnings | 23,357 | 35,079 | 57,052 | 75,469 | 41,262 |
| Unrealized gain on available-for-sale securities | 11,420 | 22,112 | 19,219 | 7,854 | 4,238 |
| Foreign currency translation adjustments | (666) | (426) | (336) | (348) | (1,571) |
| Treasury stock, at cost | (2,254) | (2,249) | (2,250) | (2,624) | (5,618) |
| (Total shareholders’ equity) | 94,670 | 117,320 | 141,276 | 150,281 | 103,830 |
| Total liabilities, minority interests, and shareholders’ equity | 261,461 | 309,315 | 352,299 | 367,931 | 343,208 |
Net Assets*2
Assets Liabilities Shareholders’ equity
| FY2004 | FY2005 | FY2006 | FY2007 | FY2008 | |
|---|---|---|---|---|---|
| Total shareholders’ equity | - | - | - | - | - |
| Common stock | - | - | 36,436 | 36,436 | 36,436 |
| Additional paid-in capital | - | - | 26,368 | 26,367 | 26,361 |
| Retained earnings | - | - | 57,052 | 75,469 | 41,262 |
| Treasury stock, at cost | - | - | (2,250) | (2,624) | (5,618) |
| Ajustment for valuation foreign currency translation and others | - | - | - | - | - |
| Unrealized gain on available-for-sale securities | - | - | 19,219 | 7,854 | 4,238 |
| Net deferred hedge income | - | - | 294 | 1,047 | (2,542) |
| Foreign currency translation adjustments | - | - | (336) | (348) | (1,571) |
| Minority interests | - | - | 4,491 | 6,078 | 5,263 |
| (Total net assets) | - | - | 141,276 | 150,281 | 103,830 |
| Total liabilities and net assets | - | - | 352,299 | 367,931 | 343,208 |
| *2 Because the Company has adopted the “Accounting Standards for Presentation of Net Assets in the Balance Sheet” in the fiscal year ending March 31, 2007, past figures for net assets include and show net deferred hedge income and minority interests. |
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