Consolidated Balance Sheets

Consolidated balance sheets by fiscal year

Latest Data 2013-2022 (EXCEL) Updated on Feb. 13, 2023

Million yen

	Dec. 2018	Dec. 2019	Dec. 2020	Dec. 2021	Dec. 2022
Current Assets
Cash and deposits	138,264	124,580	272,373	276,412	288,780
Notes and accounts receivable - trade	164,375	164,937	145,997	161,626	187,410
Short-term sales finance receivables Note 1)	165,168	179,397	149,746	154,599	230,131
Merchandise and finished goods	208,443	224,014	169,829	211,920	285,432
Work in process	58,676	64,315	74,936	92,070	115,755
Raw materials and supplies	62,047	68,420	67,558	101,369	124,658
Other	52,786	49,099	41,122	46,699	73,513
Total current assets	849,763	874,764	921,563	1,044,698	1,305,683

Non-current assets
Property, plant and equipment	335,763	356,289	338,788	354,127	390,978
Intangible assets	8,518	8,640	11,235	28,419	39,640
Investments and other assets Note 1)	226,809	293,115	369,325	405,671	446,988
Total non-current assets	571,091	658,045	719,349	788,218	877,607

Total assets	1,420,854	1,532,810	1,640,913	1,832,917	2,183,291

Million yen

	Dec. 2018	Dec. 2019	Dec. 2020	Dec. 2021	Dec. 2022
Current liabilities
Notes and accounts payable - trade	118,303	112,982	121,218	140,524	148,133
Short-term loans payable	162,950	151,917	85,998	62,954	172,985
Current portion of bonds payable	-	-	2,062	2,240	5,156
Current portion of long-term loans payable	124,299	34,056	24,459	77,132	152,969
Other	175,024	197,369	197,071	230,412	273,627
Total current liabilities	580,580	496,328	430,812	513,265	752,873

Non-current liabilities
Bonds payable	-	5,437	2,062	7,552	21,575
Long-term loans payable	69,439	173,541	352,354	308,634	250,002
Other	75,088	105,671	106,523	102,794	104,541
Total Non-current liabilities	144,530	284,653	460,942	418,980	376,119

Total liabilities	725,111	780,981	891,754	932,246	1,128,992

Million yen

	Dec. 2018	Dec. 2019	Dec. 2020	Dec. 2021	Dec. 2022
Shareholders' equity
Capital stock	85,797	85,905	85,973	86,100	86,100
Capital surplus	74,663	74,770	67,973	68,101	68,050
Other	571,980	606,267	643,616	749,760	862,324
Total shareholders' equity	732,440	766,943	797,563	903,962	1,016,475

Accumulated other comprehensive income Note 2)	(74,965)	(61,709)	(82,919)	(44,736)	(13,401)
Share acquisition rights	-	-	-	-	-
Non-controlling interests Note 3)	38,268	46,594	34,514	41,444	51,225
Total net assets	695,743	751,828	749,158	900,670	1,054,298

Total liabilities and net assets	1,420,854	1,532,810	1,640,913	1,832,917	2,183,291

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.”