BALANCE SHEET (Translation) As of March 31, 2009 (Millions of yen) Account item Amount Account item Amount

Size: px
Start display at page:

Download "BALANCE SHEET (Translation) As of March 31, 2009 (Millions of yen) Account item Amount Account item Amount"

Transcription

1 BALANCE SHEET (Translation) As of March 31, 2009 Account item Amount Account item Amount ASSETS LIABILITIES Current assets 1,240,376 Current liabilities 747,651 Cash and deposits 52,627 Notes payable-trade 6,034 Notes receivable-trade 1,691 Accounts payable-trade 20,515 Installment contract 213,747 Short-term borrowings 247,204 Lease 106,235 Current portion of bonds 2,000 Lease investment assets 554,027 Current portion of long-term debt 278,354 Loans to customers 99,600 Commercial papers 44,429 Other loans to customers 127,379 Payables under securitized lease 54,840 Lease contract 2,835 Lease payables 17,756 Other operating assets 22,459 Accounts payables 7,868 Marketable securities 520 Accrued income taxes 110 Advance on contracts 2,495 Accrued expenses 7,391 Prepaid expenses 5,731 Advances received on lease contracts 17,091 Accrued income 873 Deposits received 9,831 Short-term loans 68,770 Deferred income 69 Deferred tax assets 7,282 Unrealized gross profits on installment contracts 31,299 Other current assets 9,667 Provision for bonuses 885 Allowance for doubtful (35,570) Other current liabilities 1,970 Fixed assets 138,293 Long-term liabilities 590,113 Tangible assets 33,517 Bonds 6,017 Property for lease and rent 31,968 Long-term debt 512,695 Property for lease and rent 32,988 Long-term payables under securitized lease 53,480 Allowance for loss on disposal of property for lease and rent (1,129) Guarantee deposits received 11,473 Advances on property for lease and rent 110 Long-term deferred income 407 Own-used assets 1,548 Provision for employees retirement benefits 4,546 Intangible assets 6,584 Provision for directors retirement benefits 21 Property for lease and rent 573 Other long-term liabilities 1,472 Property for lease and rent 575 Total liabilities 1,337,765 Allowance for loss on disposal of property for lease and rent (1) NET ASSETS Goodwill 193 Stockholders equity 41,222 Software 2,579 Capital stock 2,000 Other intangible assets 3,237 Capital surplus 36,264 Investments and other assets 98,191 Other capital surplus 36,264 Investment securities 20,518 Retained earnings 2,958 Investments in affiliated companies 25,753 Earned surplus reserve 412 Long-term loans 26,849 Other retained earnings 2,545 Claims provable in bankruptcy, in rehabilitation and other 5,509 Unappropriated 2,545 Long-term prepaid expenses 298 Valuation and translation adjustments (317) Long-term deferred tax assets 10,441 Net unrealized gain on available-for-sale securities 404 Long-term money deposited 4,258 Deferred gains (losses) on hedges (722) Other investments 7,796 Allowance for doubtful (3,233) Total net assets 40,905 Total assets 1,378,670 Total liabilities and net assets 1,378,670 1

2 STATEMENT OF OPERATIONS (Translation) For the year ended March 31, 2009 Revenues Account item Lease revenue 122,219 Installment sales 27,388 Finance revenue 4,135 Amount Other revenue 5, ,129 Costs Cost of lease 110,017 Cost of installment sales 24,184 Cost of finance 560 Cost of other sales 4,570 Financing costs 5, ,287 Gross profit 13,841 Selling, general and administrative expenses 48,000 Operating loss 34,158 Non-operating income Interest and dividends received 2,292 Other 121 2,414 Non-operating expenses Interest expenses 901 Other 173 1,075 Ordinary loss 32,819 Special gains Gain on sales of investment securities 0 0 Special losses Head office transfer cost 444 Loss on disposal of fixed assets 22 Loss on valuation of investment securities 124 Loss on valuation of investments in affiliated companies 2,682 Loss on valuation of golf memberships 12 3,285 Loss before income taxes 36,104 Income taxes-current 63 Income taxes-deferred (7,575) Net loss 28,592 2

3 STATEMENT OF CHANGES IN NET ASSETS (Translation) For the year ended March 31, 2009 Stockholders equity Capital stock Capital surplus Other capital surplus Earned surplus reserve Retained earnings Other retained earnings Unappropriated Total retained earnings Total stockholders equity Balance at March 31, 2008 (Changes during the year) Increase by share transfers Increase (decrease) by merger 2,000 66,846 68,846 (30,581) ,137 31, Net loss (28,592) (28,592) (28,592) Changes during the year for items other than stockholders equity (net) Total of changes during the year 2,000 36, ,545 2,958 41,222 Balance at March 31, ,000 36, ,545 2,958 41,222 Net unrealized gain on available-for-sale securities Valuation and translation adjustments Deferred gains (losses) on hedges Total valuation and translation adjustments Total net assets Balance at March 31, 2008 (Changes during the year) Increase by share transfers Increase (decrease) by merger 68, Net loss (28,592) Changes during the year for items other than stockholders equity (net) Total of changes during the year 404 (722) (317) (317) 404 (722) (317) 40,905 Balance at March 31, (722) (317) 40,905 3

4 NOTES TO FINANCIAL STATEMENTS (Translation) For the year ended March 31, 2009 (Notes to Significant Accounting Policies) 1. Valuation basis and methods applied for assets (1) Securities 1 Trading securities. 2 Held-to-maturity debt securities... 3 Investments in subsidiaries and affiliates. 4 Available-for-sale securities Those with determinable fair values... At fair value based on market price etc., as of the balance-sheet date. (The cost of securities sold is determined by the moving-average method.) At amortized cost or accumulated cost At cost determined by the moving-average method At fair value based on market price etc., as of the balance-sheet date. (All valuation differences are reported as a component of net assets. The cost of securities sold is determined by the moving-average method.) At cost determined by the moving-average method Those without determinable fair values... (2) Derivative financial instruments... At fair value 2. Methods of depreciation and amortization applied for fixed assets (1) Property for lease and rent Property for lease and rent is depreciated under the straight-line method within the estimated lease and rent period, assuming that useful lives are the same as the estimated lease and rent period, and that residual values are the disposal price estimable at the end of the estimated lease and rent period. In some of the property for lease and rent, tangible assets are depreciated under the declining-balance method. However, buildings (excluding improvements) acquired on or after April 1, 1998 are depreciated under the straight-line method. Intangible assets are amortized under the straight-line method. (2) Other fixed assets Of the other fixed assets, tangible assets are depreciated under the declining-balance method while intangible assets are amortized under the straight-line method. However, buildings (excluding improvements) acquired on or after April 1, 1998 are depreciated under the straight-line method. Cost of purchased software of internal use are amortized under the straight-line method over internal useful lives (5 years). 3. Significant allowance and provisions (1) Allowance for doubtful For general, allowance for estimated uncollectible is provided for at an adequate rate calculated based on the probability of bankruptcy, while allowance for certain categories including seriously doubtful is provided for based on case-by-case collectability assessment. (2) Allowance for loss on disposal of property for lease and rent Allowance for the estimated loss is provided for the potential loss associated with disposal of the property for lease and rent. (3) Provision for bonuses Of the estimated amount of bonuses payable to employees in the following fiscal year, the portion attributable to their service during current fiscal year has been set aside as provision for employees bonuses. (4) Provision for employees retirement benefits 4

5 The Company provides for the estimated year-end liabilities for retirement benefits based on the projected benefit obligations and plan assets at the balance sheet date. Past service liabilities are recognized in each fiscal year as they arise. Actuarial differences are charged to income on a straight-line basis, beginning from the year after they are recognized, over the then average remaining years of service of employees (14 to 15 years). (5) Provision for directors retirement benefits Provisions for directors retirement benefits are provided in accordance with the internal rules, to meet the amount required at each balance sheet date. 4. Lease accounting Accounting policy for revenues and costs from finance lease transactions The Company adopts the method in which lease revenue and cost of lease are recorded at the time when lease fees are collectible. Accounting policy for revenues from operating lease transactions The Company records lease revenues corresponding to the elapsed period of the lease contract term, on the basis of the monthly lease fees collectible according to the lease contract for such contract term. (The Additional Information) Adoption of the accounting standards to lease transactions For non-ownership transfer finance lease transactions, both merged subsidiaries namely Mitsui Leasing & Development, Ltd. and Kyodo Leasing Co., Ltd. had previously accounted for as operating lease transactions. However, they have started to treat such transactions as normal sale and purchase contracts from this fiscal year, as a result of their adoption from the fiscal year beginning on April 1, 2008, of the Accounting Standard for Lease Transactions (Accounting Standards Board of Japan (ASBJ) Statement No. 13 issued by the First Subcommittee of the Business Accounting Council on June 17, 1993 and revised on March 30, 2007) and the Guidance on Accounting Standard for Lease Transactions (ASBJ Guidance No. 16 issued by the Accounting System Subcommittee of the Japanese Institute of Certified Public Accountants on January 18, 1994 and revised on March 30, 2007). (Lessor) For non-ownership transfer finance lease transactions with lease contract dates starting prior to the beginning of the first year adopting the aforementioned accounting standard and guidance, these merged subsidiaries namely Mitsui Leasing & Development, Ltd. and Kyodo Leasing Co., Ltd. recorded as the value of lease investment assets as at April 1, 2008, adequate book value (after the deduction of cumulative amount of depreciation) of fixed assets at the end of the previous fiscal year (March 31, 2008) which is the first year adopting the aforementioned accounting standard and guidance. Meanwhile for such transactions during the residual period after the adoption of the aforementioned accounting standard and guidance, they allocate the sum equivalent to interests to each period contained within the lease terms on a straight-line basis. Non-ownership transfer finance lease transactions with lease contract dates starting after the beginning of the first year adopting the aforementioned accounting standard and guidance generated an increase of 1,583 million in gross profit while a decrease of 1,583 million in operating loss, ordinary loss and loss before income taxes respectively for this fiscal year, compared with the results treated by the previous accounting treatment in 5

6 accordance with the terms and conditions of lease contracts. Meanwhile, the allowance for doubtful was provided along with recording of lease investment assets and, in addition, the right to receive future lease fees qualifying as extinguishment of financial assets which was a part of securitized lease investment assets which had been hitherto treated as financial transaction is accounted for as sale. Thus as a consequence of the adoption of the aforementioned accounting standard and guidance, retained earnings increased by 4,858 million as at the merger on October 1, 2008, which consist of 1,489 million decrease due to the provision of allowance for doubtful in recording lease investment assets and 6,046 million increase due to capital gains by transfer associated with securitization of lease, on top of 301 million increase generated by the adoption of the accounting treatment in accordance with the terms and conditions of sale and purchase contract to the non-ownership transfer finance lease transactions, as compared with the conventional accounting treatment in accordance with the terms and conditions of lease contract. (Lessee) The non-ownership transfer finance lease transactions with lease contract dates starting prior to the beginning of the first year remain accounted for as operating lease transactions. 5. Accounting for installment contracts The Company accounts for the full amount of contract as installment contract upon delivery of goods, and records installment sales and costs of installment sales as payment becomes due. Unrealized gross profits on installment contract with installment payments becoming due at later dates are deferred. Meanwhile, for some of the installment contracts, amount equivalent to interests is allocated to each period as installment sales. 6. Accounting treatment for financial expenses Total assets are divided into assets based on sales transactions and other assets, where financial expenses corresponding to the former are recorded as financing costs under the heading of operating expenses while financial expenses corresponding to the latter are recorded as non-operating expense, based on the balance proportion of such assets. Financial expenses related to the operating assets less corresponding interest received, etc. are recorded as financing costs. 7. The method of hedge accounting Gains or losses on derivatives are deferred until maturity of the hedged items. For interest rate swap, the Company applies the exceptional method as far as it is qualified to the required rules. In respect of blanket hedging of liabilities as stipulated in Temporary Accounting and Auditing Treatment in the Application of the Accounting Standard for Financial Instruments in Leasing Business (Report No. 19 issued by the Industrial Auditing Committee of the Japanese Institute of Certified Public Accountants on November 14, 2000), gains or losses thereon are deferred until maturity of the hedged items. 6

7 8. Translation of foreign currency accounts All monetary and payables denominated in foreign currencies are translated into Japanese yen at the spot exchange rates on the balance sheet date, and the foreign exchange gains and losses therefrom are recognized in the statement of income. 9. Other significant matters that serve as the basis for preparing financial statements (1) Accounting treatment for consumption taxes Consumption tax and local consumption tax are accounted for by the tax exclusion method. (2) Amortization of goodwill Goodwill is amortized over five years under the straight-line method. (Notes to Balance Sheet) 1. Assets pledged as collateral and corresponding liabilities (1) Assets pledged as collateral Installment contract 6,431 Lease 1,949 Lease investment assets 86,995 Other loans to customers 12,595 Marketable securities 20 Property for lease and rent 349 Investment securities 9 Total 108,351 (2) Liabilities corresponding to assets pledged as collateral Current portion of long-term debt 5,938 Payables under securitized lease 23,340 Long-term debt 7,023 Long-term payables under securitized lease 53,480 Total 89, Accumulated depreciation of tangible assets Property for lease and rent 28,700 Other tangible assets 1,394 Total 30, Contingent liabilities The contingent liabilities for the subsidiaries borrowing liabilities etc. from the financial institutions Altair Lines S.A. 82,789 PT. Mitsui Leasing Capital Indonesia 14,268 Mitsui Leasing Capital Corporation 8,267 Unite Co., Ltd 1,000 Others 292 Total 106,618 7

8 4. Breakout of lease and lease investment assets Lease Lease investment assets Amount of 128, ,114 Estimated residual value 78,784 Amount equivalent to interest 21,991 80,872 Total 106, , Notes received as guarantees Notes received for installment contract 22,449 Notes received for lease 88 Notes received for lease investment assets 8,131 Notes received for other loans to customers Operating lease contract under the remaining lease terms Notes received as guarantees 15 Other lease contract 25,509 Total 25, Trade due after one year Installment contract 156,402 Lease 75,840 Lease investment assets 372,749 Loans to customers 79,356 Other loans to customers 89,251 Lease contract 97 Operating lease contract under the remaining lease terms 18,383 Total 792, Receivables and payables with associated companies Short-term 79,826 Long-term 26,772 Short-term payables 7,213 Long-term payables 14 (Notes to Statement of Operations) 1. Transactions with associated companies Amount of operating transactions Revenues 2,106 Costs 66 Selling, general and administrative expenses 218 Amount of non-operating transactions 2,290 8

9 (Notes to Statement of Changes in Net Assets) 1. Number of issued and outstanding shares Class of shares Number of shares at the end of the previous fiscal year Number of increased shares during the fiscal year Number of decreased shares during the fiscal year Number of shares at the end of the fiscal year Issued and outstanding shares Ordinary shares 21,747,378 21,747,378 Class I classified share 4,077,528 4,077,528 Total 25,824,906 25,824,906 (Notes to Income Taxes) Significant components of the Company s deferred tax assets and liabilities Deferred tax assets Excess provision for allowance for doubtful 21,503 Tax loss carry-forwards 3,029 Provision for employees retirement benefits 1,850 Investments in affiliated companies 1,325 Other 3,481 Subtotal 31,189 Less valuation allowance (7,899) Total deferred tax assets 23,290 Deferred tax liabilities Fair valuation difference of business combinations (3,412) Adjustment gains on securitization of lease (2,149) Net unrealized gain on available-for-sale securities (3) Total deferred tax liabilities (5,565) Net deferred tax assets 17,724 (Notes to leased fixed assets) In addition to fixed asset stated in the balance sheet, the Company uses information equipment and vehicles under lease contracts. 9

10 (Notes to Related Party Transactions) 1. Subsidiaries, etc. Attributes Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Subsidiary Name of related company Kyodo Auto Leasing, Co., Ltd. Nishi-Nippon Sogo Lease Co., Ltd. Altair Lines S.A. Michinoku Lease Co., Ltd. Kinki Sogo Leasing Co., Ltd. Unite Co., Ltd. Mitsui CM Leasing, Ltd. PT. Mitsui Leasing Capital Indonesia Equity ownership percentage Directly 100% Directly 85.10% Directly 100% Directly 95.00% Directly 94.01% Directly 77.77% Directly 100% Directly 85.00% Indirectly 14.99% Relationship with related party Loan Doubled as director Loan Doubled as director Loan Guarantee of liability Loan Doubled as director Loan Doubled as director Loan Guarantee of liability Doubled as director Loan Doubled as director Guarantee of liability Doubled as director Description of the transaction Transactions (Millions of yen) Account Loan (*1) 40,140 Short-term loans interest 190 Long-term loans Loan (*1) 126,500 Short-term loans interest Long-term loans Balance (Millions of yen) 13,990 11,110 21, Accrued income Loan (*1) 815 Short-term loans interest Guarantee of liabilities (*2) guarantee fee Long-term loans 1,113 12, Accrued income 7 82, Accrued income 60 Loan (*1) 78,390 Short-term loans interest 12, Accrued income 2 Loan (*1) 52,450 Short-term loans interest 46 Loan (*1) 20,350 Short-term loans interest Guarantee of liabilities (*2) guarantee fee 37 Long-term loans 8,900 3,250 2,500 1,000 0 Accrued income 0 Loan (*1) 32,800 Short-term loans interest Guarantee of liabilities (*2) guarantee fee 28 5,450 14, Accrued income 5 The terms and conditions of the above transactions and its policy making, etc. (*1) The terms and conditions of the loans are on an arm s-length basis. No collateral is received from the borrower. (*2) The guarantees of liabilities are for borrowings from financial institutions. 10

11 (Notes to Per Share Information) 1. Net assets per share of ordinary shares 1, Net loss per share of ordinary shares 1, (Notes to Business Combination) [Purchase Method] The Company was established on April 1, 2008 as a joint-holding company by the share transfer from Mitsui Leasing & Development, Ltd. and Kyodo Leasing Co., Ltd., provided however that for the purpose of business combination accounting, the transaction was done by the purchase method in which Mitsui Leasing & Development, Ltd. was the acquiring company. 1. Outline of business combination (1) The name of company acquired: Kyodo Leasing Co., Ltd. (2) Business of company acquired: Leasing (3) Main reason for business combination: Expansion of business (4) Date of business combination: April 1, 2008 (5) Legal form of the business combination: The establishment of a joint-holding company by share transfer (6) Name of company after the business combination: JA Mitsui Leasing, Ltd. (7) Ratio of voting rights acquired: 100% 2. Period of operating results of the company acquired included in the financial statement From October 1, 2008 to March 31, Acquisition costs of the company acquired and its breakout (1) Acquisition costs 27,153 (2) Of which: consideration for the acquisition: 27, Amount of goodwill recognized, basis for recognition, method and period for amortization of goodwill (1) Amount of goodwill recognized 242 million (2) Basis for recognition: Derived from the expenditure for the acquisition (3) Method for amortization: Straight-line method (4) Period for amortization: 5 years 5. Amount and main breakout of assets received and liabilities assumed on the date of business combination: Assets 619,271 Current assets 131,706 Fixed assets 487,564 Liabilities 592,359 Current liabilities 393,347 Long-term liabilities 199,012 11

12 [Transactions under common control] The Company according to the approval of the extraordinary general meeting of its shareholders held on August 28, 2008, merged on October 1, 2008 with its wholly-owned subsidiary Mitsui Leasing & Development, Ltd. and Kyodo Leasing Co., Ltd., with the Company being the surviving company. 1. Name of combined companies, their businesses, date of business combination, legal form of the business combination, name of the company after the business combination, and outline and purpose of the transactions (1) Name of combined companies: JA Mitsui Leasing, Ltd. Mitsui Leasing & Development, Ltd. Kyodo Leasing Co., Ltd. (2) Businesses of combined companies: JA Mitsui Leasing, Ltd.: Holding company Mitsui Leasing & Development, Ltd.: Leasing Kyodo Leasing Co., Ltd.: Leasing (3) Date of business combination: October 1, 2008 (4) Legal form of the business combination: Merger and acquisition with the Company being the surviving company (5) Name of the company after the business combination: JA Mitsui Leasing, Ltd. (6) Outline and purpose of the transactions: With the purpose to extend its business base to allow for further growth towards a multi-faceted financial enterprise poised for sustainable growth supported by the enhanced capabilities to provide diversified services in response to a range of user needs, the Company merged on October 1, 2008 with its wholly-owned subsidiaries Mitsui Leasing & Development, Ltd. and Kyodo Leasing Co., Ltd. 2. Outline of the accounting treatment implemented The above transaction was accounted for as a transaction under common control based on the Accounting Standard for Business Combinations and the Guidance on Accounting Standard for Business Combinations and Accounting Standard for Business Divestures. Since the merger took place on October 1, 2008 within the period for the fiscal year, business performance of the absorbed companies Mitsui Leasing & Development, Ltd. and Kyodo Leasing Co., Ltd. during the period from April 1, 2008 to September 30, 2008, is, for the purpose of the Company s financial reporting, not included in the Company s statement of operations, but reflected in retained earnings as of the date of the merger. 12

13 (Translation) Audit Report The board of corporate auditors, following deliberations on the reports made by each corporate auditor concerning the audit of performance of duties by directors of the Company for the 1st fiscal year from April 1, 2008 to March 31, 2009, has prepared this Audit Report, and hereby reports as follows: 1. Auditing Method Used by Each Corporate Auditor and the Board of Corporate Auditors and Details Thereof The board of corporate auditors established auditing policies, assignment of duties and other relevant matters, and received reports from each corporate auditor regarding the progress and results of audits, as well as received reports from the directors, other relevant personnel and the independent auditors regarding the performance of their duties, and sought explanations as necessary. In conformity with the corporate auditors auditing standard policies established by the board of corporate auditors, and in accordance with the auditing policies, assignment of duties and other relevant matters, each corporate auditor endeavored to gather information and to create an improved environment for auditing through close communication with the directors, employees including those working in the Internal Audit Department and other relevant personnel. Each corporate auditor also attended meetings of the board of directors other important meetings, received reports from the directors, employees and other relevant personnel regarding the performance of their duties, sought explanations as necessary, inspected documents involving important resolutions, and examined the operations of the Company. Also, each corporate auditor monitored and verified the content and the status of the resolution of the board of directors to establish the systems provided by Article 100, Section 1 and 3 of the Ordinance for Enforcement of the Companies Act and the systems established pursuant to such resolution (the Internal Control System ), which are necessary to establish the systems to ensure directors carry out their duties in accordance with laws and regulations and the Company s Articles of Incorporation and other systems to ensure appropriateness of the Company s business. As for the subsidiaries of the Company, each corporate auditor endeavored to keep communication and shared information with the directors, corporate auditors and other related personnel of the subsidiaries, and received reports from the subsidiaries regarding their businesses as necessary. Based on the foregoing method, the corporate auditors examined the business report for the fiscal year. Furthermore, the corporate auditors monitored and verified whether the independent auditors maintained its independence and implemented appropriate audits, as well as received reports from the independent auditors regarding the performance of its duties and sought explanations as necessary. Each corporate auditor was notified by the independent auditors that it has established a system to ensure that duties of independent auditors are being conducted properly (matters prescribed in each item of Article 131 of the Corporate Accounting Regulations) and that the system is developed and implemented in accordance with the Quality Control Standards for Audit (Business Accounting Council, October 28, 2005) and other applicable standards, and sought explanation as necessary. Based on the foregoing method, the corporate auditors reviewed the financial statements for the fiscal year (balance sheet, statement of operations, statement of changes in net assets and the related notes) and supplementary schedules thereto. 2. Audit Results (1) Audit Results on the Business Report, etc. 1) In our opinion, the business report fairly represents the Company s condition in conformity with the applicable 13

14 laws and regulations as well as the Articles of Incorporation of the Company. 2) We have found no evidence of misconduct or material facts in violation of the applicable laws and regulations, nor of any violation with respect to the Articles of Incorporation of the Company, related to performance of duties by the directors. 3) In our opinion, the status of the operation and maintenance of the Internal Control System is appropriate. We have found no issues to be mentioned on the directors performance of their duties with respect to the Internal Control System. (2) Results of Audit of the Financial Statements and Supplementary Schedules In our opinion, the method and the results of the audit used and conducted by Deloitte Touche Tohmatsu LLC, the independent auditors, are appropriate. June 5, 2009 The board of corporate auditors of JA Mitsui Leasing, Ltd. Standing corporate auditor Standing corporate auditor Standing corporate auditor Corporate auditor Akihiko Onozawa (Seal) Takuo Shirakawa (Seal) Hideyuki Nebashi (Seal) Katsuhisa Kiyozuka (Seal) (Note) Takuo Shirakawa and Hideyuki Nebashi, standing corporate auditors, and Katsuhisa Kiyozuka, corporate auditor, are the outside corporate auditors as set forth in Article 2, Item 16 and Article 335, Section 3 of the Companies Act. 14

15 (TRANSLATION) INDEPENDENT AUDITORS' REPORT June 3, 2009 To the Board of Directors of JA MITSUI LEASING, Ltd.: Deloitte Touche Tohmatsu Designated Partner, Engagement Partner, Certified Public Accountant: Yasunori Kusaka Designated Partner, Engagement Partner, Certified Public Accountant: Takeshi Nakahara Designated Partner, Engagement Partner, Certified Public Accountant: Haruhiko Ohno Pursuant to the first item, second paragraph of Article 436 of the Companies Act, we have audited the financial statements, namely, the balance sheet as of March 31, 2009 of JA MITSUI LEASING, Ltd., and the related statements of operations and changes in net assets, and the related notes for the 1st fiscal year from April 1, 2008 to March 31, 2009, and the accompanying supplemental schedules. The above represents a translation, for convenience only, of the original report issued in the Japanese language and "the accompanying supplemental schedules" referred to in this report are not included in the attached financial documents. These financial statements and the accompanying supplemental schedules are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements and the accompanying supplemental schedules based on our audit. We conducted our audit in accordance with auditing standards generally accepted in Japan. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and the accompanying supplemental schedules are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and the accompanying supplemental schedules. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement and the accompanying supplemental schedules presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements and the accompanying supplemental schedules referred to above

16 present fairly, in all material respects, the financial position of the Company as of March 31, 2009, and the results of its operations for the year then ended in conformity with accounting principles generally accepted in Japan. The Additional Information As described in The Additional Information, the Company adopted Accounting Standard for Lease Transactions (Accounting Standards Board of Japan (ASBJ) Statement No.13 issued by the First Subcommittee of the Business Accounting Council on June 17, 1993 and revised on March 30, 2007) and the Guidance on Accounting Standard for Lease Transactions (ASBJ Guidance No.16 issued by the Accounting System Subcommittee of the Japanese Institute of Certified Public Accountants on January 18, 1994 and revised on March 30, 2007) from this fiscal year. Our firm and the engagement partners do not have any financial interest in the Company for which disclosure is required under the provisions of the Certified Public Accountants Act. The above represents a translation, for convenience only, of the original report issued in the Japanese language.

BALANCE SHEET (Translation) As of March 31, 2013 (Millions of yen)

BALANCE SHEET (Translation) As of March 31, 2013 (Millions of yen) BALANCE SHEET (Translation) As of March 31, 2013 Account item Amount Account item Amount ASSETS LIABILITIES Current assets 1,006,437 Current liabilities 587,913 Cash and deposits 15,778 Notes payable-trade

More information

FINANCIAL STATEMENT 2010

FINANCIAL STATEMENT 2010 FINANCIAL STATEMENT 2010 CONTENTS Independent Auditors Report------------------------------ 2 Consolidated Balance Sheets ------------------------------ 3 Consolidated Statements of Operations ----------------

More information

Consolidated Financial Statements

Consolidated Financial Statements Consolidated Financial Statements For the year ended February 20, 2016 Nitori Holdings Co., Ltd. Consolidated Balance Sheet Nitori Holdings Co., Ltd. and consolidated subsidiaries As at February 20, 2016

More information

Notes to the Consolidated Financial Statements for the 92nd Fiscal Term. Notes to the Non-Consolidated Financial Statements for the 92nd Fiscal Term

Notes to the Consolidated Financial Statements for the 92nd Fiscal Term. Notes to the Non-Consolidated Financial Statements for the 92nd Fiscal Term To Those Shareholders with Voting Rights Notes to the Consolidated Financial Statements for the 92nd Fiscal Term Notes to the Non-Consolidated Financial Statements for the 92nd Fiscal Term The above documents

More information

Notice of the 12th Ordinary General Meeting of Shareholders Materials Published on our Website

Notice of the 12th Ordinary General Meeting of Shareholders Materials Published on our Website Notice of the 12th Ordinary General Meeting of Shareholders Materials Published on our Website 12th Fiscal Year (From April 1, 2013 to March 31, 2014) Notes to the Consolidated Financial Statements Notes

More information

Data Compilation Financial Data

Data Compilation Financial Data Data Compilation Financial Data CONTENTS 1. Transition of Significant Management Indicators, etc. Japan Post Group (Consolidated) 122 Japan Post Holdings Co., Ltd. (Non-consolidated) 122 Japan Post Co.,

More information

The items published on the Internet Websites upon the Notice of Convocation of the 147 th Ordinary General Meeting of Shareholders

The items published on the Internet Websites upon the Notice of Convocation of the 147 th Ordinary General Meeting of Shareholders The items published on the Internet Websites upon the Notice of Convocation of the 147 th Ordinary General Meeting of Shareholders Notes to Consolidated Financial Statements & Notes to Non-Consolidated

More information

HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013

HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS MARCH 31, 2013 HARMONIC DRIVE SYSTEMS INC. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED BALANCE SHEETS ASSETS

More information

SUMITOMO DENSETSU CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements

SUMITOMO DENSETSU CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements SUMITOMO DENSETSU CO., LTD. AND SUBSIDIARIES Consolidated Financial Statements Report of Independent Public Accountants To the Board of Directors of Sumitomo Densetsu Co., Ltd. : We have audited the consolidated

More information

Citibank Japan, LTD ( CJL ) 2-3-14 Higashi-shinagawa, Shinagawa-ku, Tokyo Representative Director, President & CEO Darren Buckley

Citibank Japan, LTD ( CJL ) 2-3-14 Higashi-shinagawa, Shinagawa-ku, Tokyo Representative Director, President & CEO Darren Buckley Financial Publication for Fiscal Year Ended March 31, 2009 June 30, 2009 Citibank Japan, LTD ( CJL ) 2-3-14 Higashi-shinagawa, Shinagawa-ku, Tokyo Representative Director, President & CEO Darren Buckley

More information

The items published on the Internet Website upon the Notice of Convocation of the 148 th Ordinary General Meeting of Shareholders

The items published on the Internet Website upon the Notice of Convocation of the 148 th Ordinary General Meeting of Shareholders The items published on the Internet Website upon the Notice of Convocation of the 148 th Ordinary General Meeting of Shareholders Notes to Consolidated Financial Statements & Notes to Non-Consolidated

More information

Ricoh Company, Ltd. INTERIM REPORT (Non consolidated. Half year ended September 30, 2000)

Ricoh Company, Ltd. INTERIM REPORT (Non consolidated. Half year ended September 30, 2000) Ricoh Company, Ltd. INTERIM REPORT (Non consolidated. Half year ended September 30, 2000) *Date of approval for the financial results for the half year ended September 30, 2000, at the Board of Directors'

More information

Notes to Consolidated Financial Statements Notes to Non-Consolidated Financial Statements

Notes to Consolidated Financial Statements Notes to Non-Consolidated Financial Statements This document has been translated from the Japanese original for reference purposes only. In the event of discrepancy between this translated document and the Japanese original, the original shall prevail.

More information

Notes to Consolidated Financial Statements Notes to Non-consolidated Financial Statements

Notes to Consolidated Financial Statements Notes to Non-consolidated Financial Statements This document has been translated from the Japanese original for reference purposes only. In the event of discrepancy between this translated document and the Japanese original, the original shall prevail.

More information

Online Disclosures Relating to Notice of the 101st Annual Shareholders Meeting

Online Disclosures Relating to Notice of the 101st Annual Shareholders Meeting Online Disclosures Relating to Notice of the 101st Annual Shareholders Meeting Notes to Consolidated Financial Statements Notes to Non-Consolidated Financial Statements (From April 1, 2015 to March 31,

More information

Consolidated Financial Statements 2009

Consolidated Financial Statements 2009 Consolidated Financial Statements 2009 (April 1, 2009 - March 31, 2010) Senkon Logistics Co., Ltd. CONSOLIDATED BALANCE SHEET ASSETS (As of March 31,2009) (As of March 31,2010) Current assets Cash and

More information

3 4 5 6 FINANCIAL SECTION Five-Year Summary (Consolidated) TSUKISHIMA KIKAI CO., LTD. and its consolidated subsidiaries Years ended March 31 (Note 1) 2005 2004 2003 2002 2001 2005 For the year: Net sales...

More information

$ 2,035,512 98,790 6,974,247 2,304,324 848,884 173,207 321,487 239,138 (117,125) 658,103

$ 2,035,512 98,790 6,974,247 2,304,324 848,884 173,207 321,487 239,138 (117,125) 658,103 FINANCIAL SECTION CONSOLIDATED BALANCE SHEETS Aioi Insurance Company, Limited (Formerly The Dai-Tokyo Fire and Marine Insurance Company, Limited) and March 31, and ASSETS Cash and cash equivalents... Money

More information

6. Significant Accounting Policies for Preparing Consolidated Financial Statements

6. Significant Accounting Policies for Preparing Consolidated Financial Statements 6. Significant Accounting Policies for Preparing Consolidated Financial Statements (1) Scope of consolidation (a) Consolidated subsidiaries Principal companies: 327 companies Sumitomo Mitsui Banking Corporation

More information

Consolidated Balance Sheets March 31, 2001 and 2000

Consolidated Balance Sheets March 31, 2001 and 2000 Financial Statements SEIKAGAKU CORPORATION AND CONSOLIDATED SUBSIDIARIES Consolidated Balance Sheets March 31, 2001 and 2000 Assets Current assets: Cash and cash equivalents... Short-term investments (Note

More information

Investments and Other Assets: Investment Securities 11,145 10,339 135,694 Investments in Unconsolidated Subsidiaries and Associated Companies

Investments and Other Assets: Investment Securities 11,145 10,339 135,694 Investments in Unconsolidated Subsidiaries and Associated Companies Consolidated Balance Sheets IBJ Leasing Company, Limited and Consolidated Subsidiaries As of March 31, 2012 and 2011 Millions of yen Thousands of U.S. dollars (Note 1) ASSETS Current Assets: Cash and Cash

More information

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements Notes to Consolidated Financial Statements 1. Notes on Fundamental Items in Preparation of the Consolidated Financial Statements, etc. (1) Items on the scope of the consolidation i) Consolidated subsidiaries

More information

Interim Consolidated Financial Statements (Unaudited)

Interim Consolidated Financial Statements (Unaudited) Interim Consolidated Financial Statements (Unaudited) For the Six Months Ended, NTT FINANCE CORPORATION This document has been translated and reclassified from a part of the Japanese

More information

Data Compilation Financial Data

Data Compilation Financial Data Data Compilation Financial Data CONTENTS 1. Transition of Significant Management Indicators, etc. Japan Post Group (Consolidated) 124 Japan Post Service Co., Ltd. (Non-consolidated) 125 Japan Post Holdings

More information

The 14th Ordinary General Meeting of Shareholders Matters for Internet Disclosure

The 14th Ordinary General Meeting of Shareholders Matters for Internet Disclosure To Shareholders The 14th Ordinary General Meeting of Shareholders Matters for Internet Disclosure The 14th Business Period from April 1, 2015 to March 31, 2016 Notes to Consolidated Financial Statements

More information

KIRIN HOLDINGS COMPANY, LIMITED

KIRIN HOLDINGS COMPANY, LIMITED KIRIN HOLDINGS COMPANY, LIMITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012 TOGETHER WITH INDEPENDENT AUDITOR S REPORT Consolidated Balance Sheets Kirin Holdings Company,

More information

Notes to Consolidated Balance Sheet

Notes to Consolidated Balance Sheet Notes to Consolidated Balance Sheet 1. Amounts less than one million yen have been omitted. 2. Standards for recognition and measurement of trading assets and liabilities are as follows: Recognition: Trading

More information

Items Disclosed via the Internet Concerning the Notice of. Convocation of the 117th Annual General Meeting of Shareholders

Items Disclosed via the Internet Concerning the Notice of. Convocation of the 117th Annual General Meeting of Shareholders To our shareholders: Items Disclosed via the Internet Concerning the Notice of Convocation of the 117th Annual General Meeting of Shareholders Notes to Consolidated Financial Statements Notes to Non-consolidated

More information

Notes to Consolidated Financial Statements Notes to Non-Consolidated Financial Statements

Notes to Consolidated Financial Statements Notes to Non-Consolidated Financial Statements [Translation: Please note that the following purports to be a translation from the Japanese original Notice of Convocation of the Annual General Meeting of Shareholders 2013 of Chugai Pharmaceutical Co.,

More information

Financial Statements

Financial Statements Financial Statements Years ended March 31,2002 and 2003 Contents Consolidated Financial Statements...1 Report of Independent Auditors on Consolidated Financial Statements...2 Consolidated Balance Sheets...3

More information

SUMMARY OF CONSOLIDATED BUSINESS RESULTS for the nine months ended December 31, 2012

SUMMARY OF CONSOLIDATED BUSINESS RESULTS for the nine months ended December 31, 2012 SUMMARY OF CONSOLIDATED BUSINESS RESULTS for the nine months ended December 31, 2012 February 8, 2013 ARRK Corporation 2-2-9 Minami Hommachi, Chuo-ku, Osaka, 541-0054, JAPAN 1. Consolidated financial results

More information

Consolidated Interim Earnings Report

Consolidated Interim Earnings Report Consolidated Interim Earnings Report For the Six Months Ended 30th September, 2003 23th Octorber, 2003 Hitachi Capital Corporation These financial statements were prepared for the interim earnings release

More information

The Awa Bank, Ltd. Consolidated Financial Statements. The Awa Bank, Ltd. and its Consolidated Subsidiaries. Years ended March 31, 2011 and 2012

The Awa Bank, Ltd. Consolidated Financial Statements. The Awa Bank, Ltd. and its Consolidated Subsidiaries. Years ended March 31, 2011 and 2012 The Awa Bank, Ltd. Consolidated Financial Statements Years ended March 31, 2011 and 2012 Consolidated Balance Sheets (Note 1) 2011 2012 2012 Assets Cash and due from banks (Notes 3 and 4) \ 230,831 \

More information

26 October 2005 Summary of Non-consolidated Financial Statements for the First Half of the Financial Year Ending 31 March 2006

26 October 2005 Summary of Non-consolidated Financial Statements for the First Half of the Financial Year Ending 31 March 2006 26 October 2005 Summary of Non-consolidated Financial Statements for the First Half of the Financial Year Ending 31 March 2006 Listed company s name: Shinko Securities Co., Ltd. Listing stock exchanges:

More information

Statement of Financial Condition

Statement of Financial Condition Financial Report for the 14th Business Year 5-1, Marunouchi 1-Chome, Chiyoda-ku, Tokyo Citigroup Global Markets Japan Inc. Rodrigo Zorrilla, Representative Director, President and CEO Statement of Financial

More information

DTS CORPORATION and Consolidated Subsidiaries. Unaudited Quarterly Consolidated Financial Statements for the Three Months Ended June 30, 2008

DTS CORPORATION and Consolidated Subsidiaries. Unaudited Quarterly Consolidated Financial Statements for the Three Months Ended June 30, 2008 DTS CORPORATION and Consolidated Subsidiaries Unaudited Quarterly Consolidated Financial Statements for the Three Months Ended June 30, 2008 DTS CORPORATION and Consolidated Subsidiaries Quarterly Consolidated

More information

TAKASHIMAYA FINANCIAL STATEMENTS

TAKASHIMAYA FINANCIAL STATEMENTS TAKASHIMAYA FINANCIAL STATEMENTS Years ended February 29, and February 28, 2011 CONSOLIDATED BALANCE SHEETS Takashimaya Company, Limited and Consolidated Subsidiaries February 29, and February 28, 2011

More information

Internet Disclosure Accompanying the Notice of Convocation of. the 9th Annual General Meeting of Shareholders

Internet Disclosure Accompanying the Notice of Convocation of. the 9th Annual General Meeting of Shareholders To Our Shareholders, Internet Disclosure Accompanying the Notice of Convocation of the 9th Annual General Meeting of Shareholders June 8, 2016 SKY Perfect JSAT Holdings Inc. Table of Contents 1. Notes

More information

[Translation] - 2 - (Millions of Yen) Amount. Account. (Liabilities) Current liabilities 4,655. Short-term loans payable 1,000. Income taxes payable

[Translation] - 2 - (Millions of Yen) Amount. Account. (Liabilities) Current liabilities 4,655. Short-term loans payable 1,000. Income taxes payable Financial Report for the 25th Business Year 1-5-1 Marunouchi, Chiyoda-ku, Tokyo Citigroup Japan Holdings Corp. Anthony P. Della Pietra, Jr., Representative Director, President and CEO Balance Sheet (for

More information

Consolidated Financial Statements. Nippon Unipac Holding and Consolidated Subsidiaries

Consolidated Financial Statements. Nippon Unipac Holding and Consolidated Subsidiaries Consolidated Financial Statements Nippon Unipac Holding and Consolidated Subsidiaries Period from March 30, 2001 (date inception) to September 30, 2001 Nippon Unipac Holding and Consolidated Subsidiaries

More information

West Japan Railway Company

West Japan Railway Company (Translation) Matters to be disclosed on the Internet in accordance with laws and ordinances and the Articles of Incorporation NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTES TO NON-CONSOLIDATED FINANCIAL

More information

Consolidated Financial Statements (For the fiscal year ended March 31, 2013)

Consolidated Financial Statements (For the fiscal year ended March 31, 2013) Consolidated Financial Statements (For the fiscal year ended ) Consolidated Balance Sheets Current assets: Cash and deposits Other Assets Notes receivable, accounts receivable from completed construction

More information

THE KINKI SHARYO CO., LTD. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT

THE KINKI SHARYO CO., LTD. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT THE KINKI SHARYO CO., LTD. AND CONSOLIDATED SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT Years ended March 31, 2009 and 2010 ASSETS THE KINKI SHARYO CO., LTD. AND CONSOLIDATED

More information

DAIICHIKOSHO CO., LTD. Flash Report on the Consolidated Results for the Year Ended March 31, 2009. Return on equity Ordinary income to total assets

DAIICHIKOSHO CO., LTD. Flash Report on the Consolidated Results for the Year Ended March 31, 2009. Return on equity Ordinary income to total assets FY2008, the year ended March 31, 2009 Flash Report on the Consolidated Results for the Year Ended March 31, 2009 Company Name: DAIICHIKOSHO CO., LTD. Code Number: 7458 (URL http://www.dkkaraoke.co.jp)

More information

The Kansai Electric Power Company, Incorporated and Subsidiaries

The Kansai Electric Power Company, Incorporated and Subsidiaries The Kansai Electric Power Company, Incorporated and Subsidiaries Consolidated Financial Statements for the Years Ended March 31, 2003 and 2002 and for the Six Months Ended September 30, 2003 and 2002 The

More information

The 53rd Fiscal Year (From April 1, 2015 to March 31, 2016)

The 53rd Fiscal Year (From April 1, 2015 to March 31, 2016) This document is a translation of the Japanese language original prepared solely for convenience of reference. In the event of any discrepancy between this translated document and the Japanese language

More information

Consolidated Balance Sheet

Consolidated Balance Sheet Consolidated Balance Sheet (As of March 31, 2010) Item Amount Item Amount [Assets] million yen [Liabilities] million yen Current assets 12,277Current liabilities 7,388 Notes payable and accounts 2,449

More information

PART III. Consolidated Financial Statements of Hitachi, Ltd. and Subsidiaries: Independent Auditors Report 47

PART III. Consolidated Financial Statements of Hitachi, Ltd. and Subsidiaries: Independent Auditors Report 47 PART III Item 17. Financial Statements Consolidated Financial Statements of Hitachi, Ltd. and Subsidiaries: Schedule: Page Number Independent Auditors Report 47 Consolidated Balance Sheets as of March

More information

Consolidated Financial Results for the Fiscal Year Ended March 31, 2016 [under Japanese GAAP]

Consolidated Financial Results for the Fiscal Year Ended March 31, 2016 [under Japanese GAAP] This English version is a translation of the original Japanese document and is only for reference purposes. In the case where any differences occur between the English version and the original Japanese

More information

N otes to Consolidated Financial Statements

N otes to Consolidated Financial Statements N otes to Consolidated Financial Statements Brother Industries, Ltd. and Consolidated Subsidiaries For the Years ended March 31, 2011 and 2010 1. Basis of Presenting Consolidated Financial Statements The

More information

KYODO PRINTING CO., LTD. and Consolidated Subsidiaries

KYODO PRINTING CO., LTD. and Consolidated Subsidiaries KYODO PRINTING CO., LTD. and Consolidated Subsidiaries Interim Consolidated Financial Statements (Unaudited) for the, Interim Consolidated Balance Sheets, as compared with March 31, (Unaudited) ASSETS,

More information

Overview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 (2Q FY2011)

Overview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 (2Q FY2011) November 8, 2011 Overview of Business Results for the 2nd Quarter of Fiscal Year Ending March 31, 2012 () Name of the company: Iwatani Corporation Share traded: TSE, OSE, and NSE first sections Company

More information

(5) Notes Regarding Going Concern Assumptions. (6) Basis of presenting consolidated financial statements. None. [1] Scope of consolidation

(5) Notes Regarding Going Concern Assumptions. (6) Basis of presenting consolidated financial statements. None. [1] Scope of consolidation (5) Notes Regarding Going Concern Assumptions None. (6) Basis of presenting consolidated financial statements [1] Scope of consolidation 1) Number of consolidated subsidiaries: 92 Principal consolidated

More information

Consolidated Financial Report 2009

Consolidated Financial Report 2009 Consolidated Financial Report 2009 Fiscal year ended March 31, 2009 Management's Discussion and Analysis Forward-looking statements in this document represent the best judgment of the Kagome Group as of

More information

Consolidated financial summary

Consolidated financial summary 1-8-1 Marunouchi Chiyoda-ku Tokyo 100-8289, Japan (URL http://www.daiwasmbc.co.jp/) Consolidated financial summary (For fiscal year ended March 31, 2005) April 27, 2005 (1)Consolidated Operating results

More information

Investments and advances... 313,669

Investments and advances... 313,669 Consolidated Financial Statements of the Company The consolidated balance sheet, statement of income, and statement of equity of the Company are as follows. Please note the Company s consolidated financial

More information

Quarterly Securities Report

Quarterly Securities Report Quarterly Securities Report (The third quarter of the 39th fiscal year) ACOM CO., LTD. Quarterly Securities Report 1. This document has been outputted and printed by adding a table of contents and page

More information

Brief Report on Closing of Accounts (connection) for the Term Ended March 31, 2007

Brief Report on Closing of Accounts (connection) for the Term Ended March 31, 2007 MARUHAN Co., Ltd. Brief Report on Closing of (connection) for the Term Ended March 31, 2007 (Amounts less than 1 million yen omitted) 1.Business Results for the term ended on March, 2007 (From April 1,

More information

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Japan Airlines Corporation and Consolidated Subsidiaries Japan Airlines System Corporation, the holding company of the JAL group, was renamed Japan Airlines Corporation

More information

Notes to Consolidated Financial Statements Kikkoman Corporation and Consolidated Subsidiaries Years ended March 31, 2009 and 2008

Notes to Consolidated Financial Statements Kikkoman Corporation and Consolidated Subsidiaries Years ended March 31, 2009 and 2008 Notes to Consolidated Financial Statements Kikkoman Corporation and Consolidated Subsidiaries Years ended March 31, 2009 and 2008 1. Basis of Preparation KIKKOMAN CORPORATION (the Company ) and its domestic

More information

Notes to Consolidated Financial Statements Year ended March 31, 2014

Notes to Consolidated Financial Statements Year ended March 31, 2014 Notes to Consolidated Financial Statements Year ended March 31, 2014 Mitsui Oil Exploration Co., Ltd. and Consolidated Subsidiaries 1. Basis of Presenting Consolidated Financial Statements The accompanying

More information

Audit Report of Independent Certified Public Accountants

Audit Report of Independent Certified Public Accountants Audit Report of Independent Certified Public Accountants The Board of Directors Acer Incorporated: We have audited the non-consolidated balance sheets of Acer Incorporated (the Company ) as of June 30,

More information

Consolidated Summary Report

Consolidated Summary Report <under Japanese GAAP> Consolidated Summary Report for the three months ended June 30, 2014 July 31, 2014 Company name: Mitsubishi UFJ Financial Group, Inc. Stock exchange listings: Tokyo, Nagoya, New York

More information

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTES TO CONSOLIDATED FINANCIAL STATEMENTS KANEKA CORPORATION AND CONSOLIDATED SUBSIDIARIES 1. BASIS OF PRESENTING CONSOLIDATED FINANCIAL STATEMENTS Kaneka Corporation (the Company ) and its consolidated

More information

Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014)

Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014) Consolidated Financial Results for Fiscal Year 2013 (April 1, 2013 March 31, 2014) 28/4/2014 Name of registrant: ShinMaywa Industries, Ltd. Stock Exchange Listed: Tokyo Code number: 7224 (URL: http://www.shinmaywa.co.jp

More information

Summary of Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2009 (Nine Months Ended December 31, 2008)

Summary of Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2009 (Nine Months Ended December 31, 2008) February 5, 2009 Summary of Financial Results for the Third Quarter of Fiscal Year Ending March 31, 2009 (Nine Months Ended December 31, 2008) Company name: KOSÉ Corporation Stock listing: Tokyo Stock

More information

Quarterly Financial Results for the Fiscal Year Ending September 30, 2016 (J-GAAP)

Quarterly Financial Results for the Fiscal Year Ending September 30, 2016 (J-GAAP) February 10, 2016 Quarterly Financial Results for the Fiscal Year Ending September 30, 2016 (J-GAAP) (1st Quarter / October 1, 2015 December 31, 2015) Company Name Hosokawa Micron Corporation Stock Exchange

More information

Financial Results for the First Quarter of Fiscal 2006 (Non-consolidated)

Financial Results for the First Quarter of Fiscal 2006 (Non-consolidated) Financial Results for the First Quarter of Fiscal 2006 (Non-consolidated) August 4, 2006 Company Name: Seven Bank, Ltd. (URL http://www.sevenbank.co.jp/ ) Location of Head Office: Tokyo Inquiries: TEL

More information

JALUX Inc. and Consolidated Subsidiaries. Notes to Consolidated Financial Statements

JALUX Inc. and Consolidated Subsidiaries. Notes to Consolidated Financial Statements JALUX Inc. and Consolidated Subsidiaries Notes to Consolidated Financial Statements March 31, 2010 1. Summary of Significant Accounting Policies a. Basis of preparation JALUX Inc. (the Company ) and its

More information

Notes to Consolidated Financial Statements SBI Holdings, Inc. and Consolidated Subsidiaries

Notes to Consolidated Financial Statements SBI Holdings, Inc. and Consolidated Subsidiaries Notes to Consolidated Financial Statements SBI Holdings, Inc. and Consolidated Subsidiaries 1. Nature of Operations and Basis of Presenting Consolidated Financial Statements 2. Summary of Significant Accounting

More information

Overview of Business Results for the Second Quarter of Fiscal Year Ending March 2015 [Japanese Standard Form] (Consolidated)

Overview of Business Results for the Second Quarter of Fiscal Year Ending March 2015 [Japanese Standard Form] (Consolidated) Overview of Business Results for the Second Quarter of Fiscal Year Ending March 2015 [Japanese Standard Form] (Consolidated) November 6, 2014 Name of the Company: Cosmo Oil Co., Ltd. Shares traded:tse

More information

November 4, 2015 Consolidated Financial Results for the Second Quarter of Fiscal Year 2015 (From April 1, 2015 to September 30, 2015) [Japan GAAP]

November 4, 2015 Consolidated Financial Results for the Second Quarter of Fiscal Year 2015 (From April 1, 2015 to September 30, 2015) [Japan GAAP] November 4, 2015 Consolidated Financial Results for the Second Quarter of Fiscal Year 2015 (From April 1, 2015 to September 30, 2015) [Japan GAAP] Company Name: Idemitsu Kosan Co., Ltd. (URL http://www.idemitsu.com)

More information

Investments and advances... 344,499

Investments and advances... 344,499 Consolidated Financial Statements of the Company The consolidated balance sheet, statement of income, and statement of equity of the Company are as follows. Please note the Company s consolidated financial

More information

Cathay Life Insurance Co., Ltd. Financial Statements As of December 31, 2006 and 2007 With Independent Auditors Report

Cathay Life Insurance Co., Ltd. Financial Statements As of December 31, 2006 and 2007 With Independent Auditors Report Financial Statements With Independent Auditors Report The reader is advised that these financial statements have been prepared originally in Chinese. These financial statements do not include additional

More information

1. Basis of Preparation. 2. Summary of Significant Accounting Policies. Principles of consolidation. (a) Foreign currency translation.

1. Basis of Preparation. 2. Summary of Significant Accounting Policies. Principles of consolidation. (a) Foreign currency translation. Nitta Corporation and Subsidiaries Notes to Consolidated Financial Statements March 31, 1. Basis of Preparation The accompanying consolidated financial statements of Nitta Corporation (the Company ) and

More information

1-3Q of FY2014 87.43 78.77 1-3Q of FY2013 74.47 51.74

1-3Q of FY2014 87.43 78.77 1-3Q of FY2013 74.47 51.74 January 30, 2015 Resona Holdings, Inc. Consolidated Financial Results for the Third Quarter of Fiscal Year 2014 (Nine months ended December 31, 2014/Unaudited) Code number: 8308 Stock

More information

Consolidated Financial Highlights for the Third Quarter Ended December 31, 2015 [under Japanese GAAP] SMC Corporation

Consolidated Financial Highlights for the Third Quarter Ended December 31, 2015 [under Japanese GAAP] SMC Corporation February 9, 2016 Consolidated Financial Highlights for the Third Quarter Ended December 31, [under Japanese GAAP] SMC Corporation Company name : Stock exchange listing : Tokyo Stock Exchange first section

More information

The Sumitomo Warehouse Co., Ltd.

The Sumitomo Warehouse Co., Ltd. Consolidated Financial Results for the Year Ended March 31, 2014[ Japan GAAP ] May 13, 2014 The Sumitomo Warehouse Co., Ltd. Securities code: 9303 Stock exchange listings: URL: Representative: Inquiries:

More information

SANYO TRADING COMPANY LIMITED. Financial Statements

SANYO TRADING COMPANY LIMITED. Financial Statements Financial Statements Year Ended September 30, 2014 English translation from original Japanese-language documents Balance Sheets As of September 30, 2014 ASSETS Current Assets Cash and deposits US$ 18,509,007

More information

Summary of Significant Differences between Japanese GAAP and U.S. GAAP

Summary of Significant Differences between Japanese GAAP and U.S. GAAP Summary of Significant Differences between Japanese GAAP and U.S. GAAP The consolidated financial statements of SMFG and its subsidiaries presented in this annual report conform with generally accepted

More information

Matters for Internet Disclosure upon the Convocation of the 141th Ordinary General Meeting of Shareholders

Matters for Internet Disclosure upon the Convocation of the 141th Ordinary General Meeting of Shareholders To Shareholders Matters for Internet Disclosure upon the Convocation of the 141th Ordinary General Meeting of Shareholders For Fiscal 2012 (April 1, 2011 March 31, 2012) Notes to Consolidated Financial

More information

Consolidated Financial Results for the nine months of Fiscal Year 2010

Consolidated Financial Results for the nine months of Fiscal Year 2010 Consolidated Financial Results for the nine months of Fiscal Year 2010 (Fiscal Year 2010: Year ending March 31, 2010) Noritake Co., Limited Company Name Stock Exchange Listings Tokyo, Nagoya Code Number

More information

Japan Vilene Company, Ltd. and Subsidiaries

Japan Vilene Company, Ltd. and Subsidiaries - 27 - Japan Vilene Company, Ltd. and Subsidiaries Notes to Consolidated Financial Statements Year Ended March 31, 2015 1. BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS The accompanying consolidated

More information

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Bridgestone Corporation and Subsidiaries NOTE 1 Nature of operations Bridgestone Corporation and its subsidiaries (hereinafter referred to collectively as the Companies ) engage in developing, manufacturing

More information

Consolidated Financial Statements. FUJIFILM Holdings Corporation and Subsidiaries. March 31, 2015 with Report of Independent Auditors

Consolidated Financial Statements. FUJIFILM Holdings Corporation and Subsidiaries. March 31, 2015 with Report of Independent Auditors Consolidated Financial Statements FUJIFILM Holdings Corporation and Subsidiaries March 31, 2015 with Report of Independent Auditors Consolidated Financial Statements March 31, 2015 Contents Report of Independent

More information

Consolidated Financial Results

Consolidated Financial Results UFJ Holdings, Inc. November 25, 2003 For the Six Months Ended September 30, 2003 UFJ Holdings, Inc. today reported the company's consolidated financial results for the six months ended September 30, 2003.

More information

Consolidated Balance Sheets

Consolidated Balance Sheets Consolidated Balance Sheets March 31 2015 2014 2015 Assets: Current assets Cash and cash equivalents 726,888 604,571 $ 6,057,400 Marketable securities 19,033 16,635 158,608 Notes and accounts receivable:

More information

The Bank assumes no responsibility for this translation or for direct, indirect or any other forms or damages arising from the translations.

The Bank assumes no responsibility for this translation or for direct, indirect or any other forms or damages arising from the translations. The Bank assumes no responsibility for this translation or for direct, indirect or any other forms or damages arising from the translations. [TRANSLATION] The items provided through the Internet pursuant

More information

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets 1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets As of March 31,2014 As of March 31,2015 Assets Cash and due from banks 478,425 339,266 Call loans and bills bought 23,088 58,740 Monetary

More information

(2)Adoptions of simplified accounting methods and accounting methods particular to the presentation of quarterly financial statements: None

(2)Adoptions of simplified accounting methods and accounting methods particular to the presentation of quarterly financial statements: None Financial Statement for the Six Months Ended September 30, 2015 Name of listed company: Mipox Corporation Stock Code: 5381 (URL http://www.mipox.co.jp) Name and Title of Representative: Jun Watanabe, President

More information

ANNUAL REPORT 2015 Year Ended March 31, 2015 Financial Section SECURING DECISIVE GROWTH

ANNUAL REPORT 2015 Year Ended March 31, 2015 Financial Section SECURING DECISIVE GROWTH ANNUAL REPORT Year Ended March 31, Financial Section SECURING DECISIVE GROWTH C O N T E N T S Business Overview and Analysis of Financial Condition and Cash Flow 02 Consolidated Balance Sheets 06 Consolidated

More information

3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS

3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS 3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS (1) Consolidated Quarterly Balance Sheets September 30, 2014 and March 31, 2014 Supplementary Information 2Q FY March 2015 March 31, 2014 September 30, 2014

More information

CONSOLIDATED FINANCIAL STATEMENTS together with REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS

CONSOLIDATED FINANCIAL STATEMENTS together with REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS CONSOLIDATED FINANCIAL STATEMENTS together with REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS as of March 31,2016 KUMAGAI GUMI CO., LTD. TOKYO, JAPAN Consolidated Balance Sheet March 31, 2016 ASSETS CURRENT

More information

Consolidated First Quarter Earnings Report[Japan GAAP]

Consolidated First Quarter Earnings Report[Japan GAAP] July 28, 2010 Consolidated First Quarter Earnings Report[Japan GAAP] For the June 30, 2010 Corporate Name: Hitachi Capital Corporation Stock Code: 8586 URL: http://www.hitachicapital.co.jp Stock Listing:

More information

KOREAN AIR LINES CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements

KOREAN AIR LINES CO., LTD. AND SUBSIDIARIES. Consolidated Financial Statements Consolidated Financial Statements December 31, 2015 (With Independent Auditors Report Thereon) Contents Page Independent Auditors Report 1 Consolidated Statements of Financial Position 3 Consolidated Statements

More information

Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2016 [Japanese Standards] (Consolidated)

Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2016 [Japanese Standards] (Consolidated) Closing Announcement of First Quarter of the Fiscal Year Ending March 31, 2016 [Japanese Standards] (Consolidated) August 4, 2015 Name of Listed Company: Arisawa Mfg. Co., Ltd. Listed on the Tokyo Stock

More information

Internet Disclosure for Notice Regarding the Convocation of the General Meeting of Shareholders For the 147 th Term

Internet Disclosure for Notice Regarding the Convocation of the General Meeting of Shareholders For the 147 th Term This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall

More information

Cathay Life Insurance Co., Ltd. Financial Statements For The Three Months Ended March 31, 2012 and 2011 With Independent Auditors Review Report

Cathay Life Insurance Co., Ltd. Financial Statements For The Three Months Ended March 31, 2012 and 2011 With Independent Auditors Review Report Financial Statements For The Three Months Ended March 31, 2012 and 2011 With Independent Auditors Review Report The reader is advised that these financial statements have been prepared originally in Chinese.

More information

Japan Exchange Group, Inc. and Consolidated Subsidiaries Consolidated financial results for nine months ended December 31, 2012, unaudited

Japan Exchange Group, Inc. and Consolidated Subsidiaries Consolidated financial results for nine months ended December 31, 2012, unaudited January 3, 213 Japan Exchange Group, Inc. and Consolidated Subsidiaries Consolidated financial results for nine months ended December 31, 212, unaudited Company name: Japan Exchange Group, Inc. (Previous:

More information

Summary of Financial Results for the Three Months Ended June 30, 2015

Summary of Financial Results for the Three Months Ended June 30, 2015 Summary of Financial Results for the Three Months Ended June 30, 2015 (Non-Consolidated) August 7, 2015 Company name: JAPAN POST BANK Co., Ltd. Website: http://www.jp-bank.japanpost.jp/

More information