[Data Section]
Consolidated Financial Statements
[Data Section]
Consolidated Financial Statements
[Data Section]
Consolidated Financial Statements
![[Data Section] Consolidated financial statements](/corporatereport_2021/english/img/data/img_main_visual_sp.png)
(Millions of yen)
| FY2019 (As of March 31, 2020) |
FY2020 (As of March 31, 2021) |
|
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and deposits | 53,495 | 75,532 |
| Trade notes receivable, accounts receivable on completed construction contracts and other | 200,794 | 190,177 |
| Inventories | 30,180 | 30,496 |
| Other | 15,942 | 19,522 |
| Allowance for doubtful receivables | - | (1) |
| Total current assets | 300,413 | 315,727 |
| Non-current assets | ||
| Property, plant and equipment, at cost | ||
| Buildings and structures | 16,067 | 15,969 |
| Machinery, equipment and vehicles | 20,468 | 26,556 |
| Land | 14,333 | 16,156 |
| Construction in progress | 168 | 1,009 |
| Accumulated depreciation | (27,783) | (30,920) |
| Property, plant and equipment, net | 23,254 | 28,772 |
| Intangible fixed assets | 2,504 | 3,140 |
| Investments and other assets | ||
| Investment securities | 15,824 | 19,635 |
| Deferred tax assets | 5,293 | 3,968 |
| Retirement benefit asset | - | 160 |
| Other | 7,039 | 6,337 |
| Allowance for doubtful receivables | (919) | (916) |
| Total investments and other assets | 27,238 | 29,185 |
| Total non-current assets | 52,997 | 61,099 |
| Total assets | 353,410 | 376,826 |
| Liabilities | ||
| Current liabilities | ||
| Trade notes payable, accounts payable on construction contracts and other | 103,870 | 88,732 |
| Electronically recorded payable | 32,568 | 29,782 |
| Short-term borrowings and current portion of long-term debt | 11,511 | 8,662 |
| Lease obligations | 408 | 605 |
| Accrued expenses | 7,962 | 8,083 |
| Income tax payable | 3,565 | 1,463 |
| Advances received on construction contracts in progress | 21,181 | 25,601 |
| Reserve for defects on completed construction projects | 920 | 749 |
| Allowance for losses on construction contracts | 330 | 995 |
| Allowance for contingency loss | 2,159 | 2,159 |
| Other | 15,497 | 21,831 |
| Total current liabilities | 199,977 | 188,665 |
| Long-term liabilities | ||
| Bonds payable | - | 5,000 |
| Long-term borrowings | 28,330 | 49,518 |
| Lease obligations | 634 | 1,249 |
| Deferred tax liability on land revaluation | 285 | 575 |
| Allowance for share-based payment | 16 | 36 |
| Liability for retirement benefits | 17,540 | 18,562 |
| Other | 4,181 | 2,910 |
| Total long-term liabilities | 50,989 | 77,852 |
| Total liabilities | 250,966 | 266,518 |
| Net assets | ||
| Shareholders’ equity | ||
| Capital stock | 12,003 | 12,003 |
| Capital surplus | - | - |
| Retained earnings | 91,084 | 96,001 |
| Treasury stock, at cost | (3,118) | (3,504) |
| Total shareholders’ equity | 99,969 | 104,499 |
| Accumulated other comprehensive income | ||
| Unrealized holding gain on securities | (2,274) | 407 |
| Deferred gain (loss) on hedging instruments, net of taxes | (156) | (147) |
| Revaluation reserve for land | 73 | 71 |
| Foreign currency translation adjustment | (1,130) | (1,622) |
| Remeasurements of defined benefit plans | (775) | (803) |
| Total accumulated other comprehensive income | (4,264) | (2,094) |
| Non-controlling interests | 6,738 | 7,902 |
| Total net assets | 102,443 | 110,308 |
| Total liabilities and net assets | 353,410 | 376,826 |
(Millions of yen)
| FY2019 (From April 1, 2019 to March 31, 2020) |
FY2020 (From April 1, 2020 to March 31, 2021) |
|
|---|---|---|
| Net sales | 472,402 | 421,619 |
| Cost of sales | 424,733 | 382,684 |
| Gross profit | 47,669 | 38,935 |
| Selling, general and administrative expenses | 22,903 | 23,351 |
| Operating income | 24,765 | 15,584 |
| Non-operating income | ||
| Interest income | 773 | 414 |
| Dividend income | 283 | 376 |
| Payments received from insurance claims | 99 | 117 |
| Other, net | 153 | 371 |
| Total non-operating income | 1,310 | 1,280 |
| Non-operating expenses | ||
| Interest expense | 754 | 1,082 |
| Exchange loss, net | 535 | 894 |
| Financing related expenses | 245 | 608 |
| Commitment line fees | 49 | 628 |
| Other, net | 605 | 587 |
| Total non-operating expenses | 2,191 | 3,801 |
| Ordinary income | 23,884 | 13,063 |
| Extraordinary income | ||
| Gain on sale of property and equipment | 4 | 15 |
| Gain on sale of investment securities | 0 | 8 |
| Gain on bargain purchase | - | 547 |
| Gain on sale of shares of subsidiaries and affiliates | - | 330 |
| Total extraordinary income | 4 | 901 |
| Extraordinary losses | ||
| Loss on disposal of non-current assets | 66 | 145 |
| Loss on cancellation of golf club membership | - | 276 |
| Other, net | 84 | 42 |
| Total extraordinary losses | 151 | 464 |
| Profit before income taxes | 23,738 | 13,500 |
| Income taxes - current | 7,255 | 3,757 |
| Income taxes - deferred | 269 | 219 |
| Total income taxes | 7,524 | 3,977 |
| Profit | 16,213 | 9,522 |
| Profit attributable to non-controlling interests | 662 | 779 |
| Profit attributable to owners of parent | 15,550 | 8,743 |
(Millions of yen)
| FY2019 (From April 1, 2019 to March 31, 2020) |
FY2020 (From April 1, 2020 to March 31, 2021) |
|
|---|---|---|
| Profit | 16,213 | 9,522 |
| Other comprehensive income | ||
| Unrealized holding gain on securities | (4,201) | 2,681 |
| Deferred gain (loss) on hedging instruments, net of taxes | 14 | 8 |
| Foreign currency translation adjustment | (22) | (528) |
| Retirement benefits liability adjustments | (141) | 12 |
| Total other comprehensive income | (4,351) | 2,174 |
| Comprehensive income | 11,862 | 11,697 |
| Comprehensive income attributable to: | ||
| Owners of parent | 11,204 | 10,915 |
| Non-controlling interests | 657 | 781 |
(Millions of yen)
| FY2019 (From April 1, 2019 to March 31, 2020) |
FY2020 (From April 1, 2020 to March 31, 2021) |
|
|---|---|---|
| Net cash provided by (used in) operating activities | (18,005) | 16,723 |
| Net cash provided by (used in) investing activities | (3,416) | (2,681) |
| Net cash provided by (used in) financing activities | 837 | 9,713 |
| Effect of exchange rate changes on cash and cash equivalents | (102) | (6) |
| Net (decrease) increase in cash and cash equivalents | (20,686) | 23,748 |
| Cash and cash equivalents at beginning of the year | 66,430 | 45,842 |
| Increase in cash and cash equivalents from newly consolidated subsidiaries | 98 | - |
| Cash and cash equivalents at end of the year | 45,842 | 69,591 |
Current fiscal year (From April 1, 2020 to March 31, 2021)
(Millions of yen)
| Shareholders’ equity | |||||
|---|---|---|---|---|---|
| Capital stock | Capital surplus | Retained earnings | Treasury stock, at cost | Total shareholders’ equity | |
| Balance at the beginning of the period | 12,003 | - | 91,084 | (3,118) | 99,969 |
| Changes in items during the period: | |||||
| Change in a parent’s ownership interest due to transaction with non-controlling interests |
35 | (36) | (0) | ||
| Dividends from surplus | (3,792) | (3,792) | |||
| Profit attributable to owners of parent |
8,743 | 8,743 | |||
| Purchases of treasury stock | (503) | (503) | |||
| Disposition of treasury stock | -35 | 117 | 81 | ||
| Reversal of revaluation reserve for land | 1 | 1 | |||
| Net changes in items other than shareholders’ equity |
|||||
| Total changes in items during the period | - | - | 4,916 | (386) | 4,530 |
| Balance at the end of the period | 12,003 | - | 96,001 | (3,504) | 104,499 |
(Millions of yen)
| Accumulated other comprehensive income | Non-controlling interests |
Total net assets | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrealized holding gain on securities |
Deferred gain (loss) on hedging instruments, net of taxes |
Revaluation reserve for land |
Foreign currency translation adjustment |
Remeasurements of defined benefit plans |
Total accumulated other comprehensive income |
|||
| Balance at the beginning of the period | (2,274) | (156) | 73 | (1,130) | (775) | (4,264) | 6,738 | 102,443 |
| Changes in items during the period: | ||||||||
| Change in a parent’s ownership interest due to transaction with non-controlling interests | (0) | |||||||
| Dividends from surplus | (3,792) | |||||||
| Profit attributable to owners of parent | 8,743 | |||||||
| Purchases of treasury stock | (503) | |||||||
| Disposition of treasury stock | 81 | |||||||
| Reversal of revaluation reserve for land | 1 | |||||||
| Net changes in items other than shareholders’ equity | 2,682 | 8 | (1) | (491) | (27) | 2,170 | 1,164 | 3,334 |
| Total changes in items during the period | 2,682 | 8 | (1) | (491) | (27) | 2,170 | 1,164 | 7,865 |
| Balance at the end of the period | 407 | (147) | 71 | (1,622) | (803) | (2,094) | 7,902 | 110,308 |