Matsuo Electric : December 31.2022 Financial Report

Balance Sheet

as of December 31, 2022

ASSETS	Thousands of Yen
Current assets
Cash and deposits	1,809,290
Notes and accounts receivable-trade	809,148
Electronically recorded monetary claims - operating	523,564
Finished goods	626,057
Work in process	390,342
Raw materials and supplies	442,124
Other	48,845
Allowance for doubtful accounts	(1,332)
Total current assets	4,648,040
Non-current assets
Property, plant and equipment
Land	687,308
Other, net	1,025,380
Total property, plant and equipment	1,712,688
Intangible assets	207,965
Investments and other assets
Investment securities	15,000
Other	107,331
Allowance for doubtful accounts	(0)
Total investments and other assets	122,330
Total non-current assets	2,042,984
Total assets	6,691,024

Balance Sheet

as of December 31, 2022

Liabilities	Thousands of Yen
Current liabilities
Notes and accounts payable-trade	436,469
Electronically recorded obligations - operating	238,074
Short-term borrowings	1,430,000
Current portion of bonds payable	22,600
Current portion of long-term borrowings	123,934
Notes payable-facilities	75,390
Other	413,418
Total current liabilities	2,739,886
Noncurrent liabilities
Bonds payable	87,200
Long-term borrowings	675,230
Long-term accounts payable - other	359,950
Provision for retirement benefits	475,318
Asset retirement obligations	7,908
Other	101,456
Total noncurrent liabilities	1,707,063
Total liabilities	4,446,949
Net assets
Shareholders' equity
Capital stock	2,469,365
Capital surplus	552,439
Retained earnings	(775,452)
Treasury shares	(2,277)
Total shareholders' equity	2,244,075
Total net assets	2,244,075
Total liabilities and net assets	6,691,024

Statement of Income

nine months ended December 31, 2022

	Thousands of Yen
Net sales	3,465,517
Cost of sales	2,362,338
Gross profit	1,103,178
Selling,general and administrative expenses	688,553
Operating profit	414,625
Non-operating income
Interest income	32
Dividend income	500
Foreign exchange gains	2,500
Other	1,548
Total non-operating income	4,581
Non-operating expenses
Interest expenses	15,240
Other	2,741
Total non-operating expenses	17,982
Ordinary profit	401,224
Extraordinary loss
Loss on retirement of non-current assets	928
Loss related to the antitrust law	123,621
Total extraordinary losses	124,549
Profit before income taxes	276,674
Income taxes-current	6,604
Total income taxes	6,604
Net Profit	270,070