Matsuo Electric : June 30.2023 Financial Report

Balance Sheet

as of June 30, 2023

ASSETS	Thousands of Yen
Current assets
Cash and deposits	2,003,583
Notes and accounts receivable-trade	897,881
Electronically recorded monetary claims - operating	416,715
Finished goods	587,082
Work in process	374,154
Raw materials and supplies	410,762
Other	281,286
Total current assets	4,971,466
Non-current assets
Property, plant and equipment
Land	687,308
Other, net	1,113,265
Total property, plant and equipment	1,800,573
Intangible assets	174,985
Investments and other assets
Investment securities	15,000
Other	189,197
Total investments and other assets	204,197
Total non-current assets	2,179,756
Total assets	7,151,223

Balance Sheet

as of June 30, 2023

Liabilities	Thousands of Yen
Current liabilities
Notes and accounts payable-trade	304,628
Electronically recorded obligations - operating	234,680
Short-term borrowings	1,430,000
Current portion of bonds payable	22,600
Current portion of long-term borrowings	195,722
Income taxes payable	6,815
Notes payable-facilities	106,715
Other	489,995
Total current liabilities	2,791,156
Noncurrent liabilities
Bonds payable	75,900
Long-term borrowings	920,050
Long-term accounts payable - other	236,720
Provision for retirement benefits	580,094
Asset retirement obligations	7,908
Other	91,116
Total noncurrent liabilities	1,911,789
Total liabilities	4,702,946
Net assets
Shareholders' equity
Capital stock	2,469,365
Capital surplus	552,439
Retained earnings	(571,227)
Treasury shares	(2,300)
Total shareholders' equity	2,448,277
Total net assets	2,448,277
Total liabilities and net assets	7,151,223

Statement of Income

three months ended June 30, 2023

	Thousands of Yen
Net sales	1,088,102
Cost of sales	748,939
Gross profit	339,163
Selling,general and administrative expenses	232,998
Operating profit	106,164
Non-operating income
Interest income	3
Dividend income	550
Other	140
Total non-operating income	693
Non-operating expenses
Interest expenses	5,634
Foreign exchange losses	11,605
Other	10
Total non-operating expenses	17,250
Ordinary profit	89,608
Extraordinary income
Gain on revision of retirement benefit plan	126,319
Total extraordinary income	126,319
Extraordinary loss
Loss related to the antitrust law	46,063
Total extraordinary losses	46,063
Profit before income taxes	169,864
Income taxes-current	2,201
Total income taxes	2,201
Net Profit	167,662