Hisaka Works : Financial Statement

Consolidated Financial Statements

(1) Consolidated Balance Sheets

		(Millions of yen)
	As of March 31, 2022	As of March 31, 2023
Assets
Current assets
Cash and deposits	17,345	14,865
Notes receivable - trade	1,942	906
Accounts receivable - trade	5,418	6,985
Electronically recorded monetary claims -	1,949	2,582
operating
Merchandise and finished goods	2,079	2,685
Work in process	5,085	4,909
Raw materials and supplies	1,209	2,299
Other	382	199
Allowance for doubtful accounts	△9	△160
Total current assets	35,404	35,274
Non-current assets
Property, plant and equipment
Buildings and structures	16,302	16,367
Accumulated depreciation	△10,300	△10,716
Buildings and structures, net	6,002	5,651
Machinery, equipment and vehicles	11,305	11,421
Accumulated depreciation	△9,612	△9,926
Machinery, equipment and vehicles,	1,693	1,495
net
Land	7,271	7,299
Construction in progress	129	4,644
Other	4,736	4,935
Accumulated depreciation	△4,271	△4,462
Other, net	464	472
Total property, plant and equipment	15,562	19,562
Intangible assets
Software	254	214
Goodwill	101	79
Other	271	218
Total intangible assets	627	512
Investments and other assets
Investment securities	12,910	13,284
Retirement benefit asset	1,029	1,406
Other	1,767	937
Allowance for doubtful accounts	△0	△0
Total investments and other assets	15,707	15,628
Total non-current assets	31,897	35,703
Total assets	67,302	70,977

		(Millions of yen)
	As of March 31, 2022	As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade	3,178	3,152
Electronically recorded obligations -	1,849	2,182
operating
Income taxes payable	537	509
Contract liabilities	2,755	3,456
Provision for product warranties	123	259
Provision for bonuses	724	832
Other	1,273	1,513
Total current liabilities	10,442	11,907
Non-current liabilities
Deferred tax liabilities	2,252	2,532
Retirement benefit liability	133	148
Other	96	86
Total non-current liabilities	2,481	2,767
Total liabilities	12,924	14,675
Net assets
Shareholders' equity
Share capital	4,150	4,150
Capital surplus	8,818	8,818
Retained earnings	39,446	40,501
Treasury shares	△3,957	△3,923
Total shareholders' equity	48,457	49,546
Accumulated other comprehensive income
Valuation difference on available-for-	5,435	6,022
sale securities
Deferred gains or losses on hedges	△22	△1
Foreign currency translation adjustment	208	319
Remeasurements of defined benefit plans	161	267
Total accumulated other comprehensive	5,783	6,609
income
Non-controlling interests	137	146
Total net assets	54,378	56,302
Total liabilities and net assets	67,302	70,977

1. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income

(Consolidated Statements of Income)

		(Millions of yen)
	Fiscal year ended	Fiscal year ended
	March 31, 2022	March 31, 2023
Net sales	30,085	34,074
Cost of sales	23,196	26,364
Gross profit	6,889	7,710
Selling, general and administrative expenses	5,069	5,798
Operating profit	1,819	1,912
Non-operating income
Interest income	8	10
Dividend income	339	378
Share of profit of entities accounted for	27	40
using equity method
Foreign exchange gains	74	47
Other	36	41
Total non-operating income	486	517
Non-operating expenses
Interest expenses	0	1
Loss on sale of notes receivable - trade	1	1
Maintenance of inactive non-current asset	30	32
Other	3	2
Total non-operating expenses	35	37
Ordinary profit	2,270	2,392
Extraordinary income
Gain on sale of non-current assets	1	0
Gain on sale of investment securities	493	554
Total extraordinary income	495	555
Extraordinary losses
Loss on sale and retirement of non-current	6	71
assets
Expenses for commemorative ceremony of the	－	35
eightieth anniversary
Total extraordinary losses	6	107
Profit before income taxes	2,758	2,840
Income taxes - current	704	835
Income taxes for prior periods	△90	－
Income taxes - deferred	76	△48
Total income taxes	689	786
Profit	2,068	2,053
Profit attributable to non-controlling	10	12
interests
Profit attributable to owners of parent	2,058	2,040

(Consolidated Statements of Comprehensive Income)

		(Millions of yen)
	Fiscal year ended	Fiscal year ended
	March 31, 2022	March 31, 2023
Profit	2,068	2,053
Other comprehensive income
Valuation difference on available-for-sale	△428	587
securities
Deferred gains or losses on hedges	△20	20
Foreign currency translation adjustment	219	117
Remeasurements of defined benefit plans, net	17	106
of tax
Share of other comprehensive income of	1	△5
entities accounted for using equity method
Total other comprehensive income	△210	826
Comprehensive income	1,858	2,880
Comprehensive income attributable to
Comprehensive income attributable to owners	1,848	2,867
of parent
Comprehensive income attributable to non-	10	13
controlling interests

(3) Consolidated Statements of Changes in Equity

Fiscal year ended March 31, 2022

(Millions of yen)

Shareholders' equity

Share capital

Capital surplus

Retained earnings

Treasury shares

Total shareholders'

equity

Balance at beginning of

4,150

8,820

38,231

△3,990

47,210

period

Changes during period

Dividends of surplus

△843

△843

Profit attributable to

2,058

2,058

owners of parent

Purchase of treasury

△0

△0

shares

Disposal of treasury

△1

32

31

shares

Net changes in items

other than shareholders'

equity

Total changes during period

－

△1

1,215

32

1,246

Balance at end of period

4,150

8,818

39,446

△3,957

48,457

Accumulated other comprehensive income

Valuation

Total

Non-

difference

Foreign

Total net

Deferred gains

Remeasurements

accumulated

controlling

on

or losses on

currency

of defined

other

interests

assets

available-

translation

hedges

benefit plans

comprehensiv

for-sale

adjustment

e income

securities

Balance at beginning of

5,863

△1

△12

143

5,993

130

53,335

period

Changes during period

Dividends of surplus

△843

Profit attributable to

2,058

owners of parent

Purchase of treasury

△0

shares

Disposal of treasury

31

shares

Net changes in items

other than shareholders'

△428

△20

220

17

△210

7

△203

equity

Total changes during period

△428

△20

220

17

△210

7

1,043

Balance at end of period

5,435

△22

208

161

5,783

137

54,378