Consolidated Balance Sheets

Consolidated balance sheets by fiscal year

Latest Data 2014-2023 (EXCEL) Updated on Feb. 14, 2024

Million yen

	Dec. 2019	Dec. 2020	Dec. 2021	Dec. 2022	Dec. 2023
Current Assets
Cash and deposits	124,580	272,373	276,412	288,780	338,839
Notes and accounts receivable – trade, and contract assets Note 1)	164,937	145,997	161,626	187,410	186,911
Short-term sales finance receivables Note 2)	179,397	149,746	154,599	230,131	338,520
Merchandise and finished goods	224,014	169,829	211,920	285,432	363,066
Work in process	64,315	74,936	92,070	115,755	115,653
Raw materials and supplies	68,420	67,558	101,369	124,658	130,776
Other	49,099	41,122	46,699	73,513	74,785
Total current assets	874,764	921,563	1,044,698	1,305,683	1,548,554

Non-current assets
Property, plant and equipment	356,289	338,788	354,127	390,978	433,886
Intangible assets	8,640	11,235	28,419	39,640	51,132
Investments and other assets Note 2)	293,115	369,325	405,671	446,988	538,388
Total non-current assets	658,045	719,349	788,218	877,607	1,023,407

Total assets	1,532,810	1,640,913	1,832,917	2,183,291	2,571,962

Million yen

	Dec. 2019	Dec. 2020	Dec. 2021	Dec. 2022	Dec. 2023
Current liabilities
Notes and accounts payable - trade	112,982	121,218	140,524	148,133	151,084
Short-term loans payable	151,917	85,998	62,954	172,985	305,563
Current portion of bonds payable	-	2,062	2,240	5,156	23,974
Current portion of long-term loans payable	34,056	24,459	77,132	152,969	109,334
Other	197,369	197,071	230,412	273,627	275,207
Total current liabilities	496,328	430,812	513,265	752,873	865,165

Non-current liabilities
Bonds payable	5,437	2,062	7,552	21,575	39,971
Long-term loans payable	173,541	352,354	308,634	250,002	365,031
Other	105,671	106,523	102,794	104,541	119,122
Total Non-current liabilities	284,653	460,942	418,980	376,119	524,125

Total liabilities	780,981	891,754	932,246	1,128,992	1,389,291

Million yen

	Dec. 2019	Dec. 2020	Dec. 2021	Dec. 2022	Dec. 2023
Shareholders' equity
Capital stock	85,905	85,973	86,100	86,100	86,100
Capital surplus	74,770	67,973	68,101	68,050	63,771
Other	606,267	643,616	749,760	862,324	945,535
Total shareholders' equity	766,943	797,563	903,962	1,016,475	1,095,407

Accumulated other comprehensive income	(61,709)	(82,919)	(44,736)	(13,401)	28,052
Share acquisition rights	-	-	-	-	-
Non-controlling interests Note 3)	46,594	34,514	41,444	51,225	59,210
Total net assets	751,828	749,158	900,670	1,054,298	1,182,670

Total liabilities and net assets	1,532,810	1,640,913	1,832,917	2,183,291	2,571,962

Note 1): “Notes and accounts receivable – trade,” which were included in “current assets” in the consolidated balance sheet,
are included in “notes and accounts receivable – trade, and contract assets” from the fiscal year ending December 31, 2022.

Note 2): Sales finance-related receivables were recorded in each related accounts in the consolidated balance sheets for the fiscal year ended December 31, 2015.
These receivables include in “Notes and accounts receivable – trade” and in “Other” under Current assets, and in “Long-term loans receivable” and in “Other” under Investments and other assets.
They have been reclassified to “Short-term sales finance receivables” under Current assets and to “Long-term sales finance receivables” under Non-current assets.

Note 3): From the fiscal year ended December 31, 2016, the presentation of “Minority interests” was changed to “Non-controlling interests.”