Toei Animation : Financial Statement

TOEI ANIMATION CO., LTD.

Financial Statements

(Unaudited)

FY2020

Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

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1 [Consolidated Financial Statements]

(1) [Consolidated Financial Statements]

1) [Consolidated Balance Sheets]

						(Million Yen)
					As of March 31, 2019	As of March 31, 2020
Assets
	Current assets
		Cash and time deposits		34,454	39,984
		Notes and accounts receivable - trade	13,083	10,622
		Securities		45	28
		Merchandise and finished goods	276	331
		Work in process		3,248	5,414
		Raw materials and supplies	69	90
		Short-term loans receivable from subsidiaries and		3,000	3,053
		associates
		Other	919	634
		Allowance for doubtful accounts		(82)	(77)
		Total current assets	55,015	60,081
	Fixed assets
		Property, plant and equipment
			Buildings and structures		7,809	7,878
			Accumulated depreciation	(664)	(894)
			Buildings and structures, net		7,144	6,983
			Land	1,315	1,315
			Other		1,838	1,700
			Accumulated depreciation	(1,073)	(1,063)
			Other, net		764	636
			Total property, plant and equipment		9,224	8,935
		Intangible fixed assets
			Software	465	453
			Other		1	1
			Total intangible fixed assets	466	454
		Investments and other assets
			Investment securities	*1 12,048	*1 12,258
			Long-term loans receivable from subsidiaries		3,000	3,024
			and associates
			Long-term time deposits	7,500	7,500
			Net defined benefit assets		80	62
			Other	1,194	1,739
			Allowance for doubtful accounts		(37)	(37)
			Total investments and other assets		23,785	24,547
		Total fixed assets		33,476	33,937
	Total assets	88,491	94,019

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					(Million Yen)
				As of March 31, 2019	As of March 31, 2020
Liabilities
	Current liabilities
		Notes and accounts payable - trade		11,525	9,663
		Income taxes payable	3,193	2,798
		Provision for bonuses		332	411
		Other	3,820	3,828
		Total current liabilities		18,871	16,701
	Fixed Liabilities
		Provision for retirement benefits for directors (and		173	-
		other officers)
		Provision for share awards for directors (and other	-	49
		officers)
		Net defined benefit liability		2,037	2,086
		Other	205	488
		Total fixed liabilities		2,416	2,624
	Total liabilities	21,287	19,326
Net assets
	Shareholders' equity
		Common stock		2,867	2,867
		Capital surplus	3,409	3,409
		Retained earnings		59,514	68,087
		Treasury stock	(544)	(694)
		Total shareholders' equity		65,246	73,669
	Accumulated other comprehensive income
		Valuation difference on available-for-sale securities		2,158	1,365
		Deferred gains or losses on hedges		(3)	(1)
		Foreign currency translation adjustment		(198)	(340)
		Total accumulated other comprehensive income		1,957	1,023
	Total net assets		67,204	74,692
Total liabilities and net assets	88,491	94,019

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1. [Consolidated Statements of Income and Comprehensive Income] [Consolidated Statement of Income]

			(Million Yen)
		Fiscal year ended March 31, 2019 Fiscal year ended March 31, 2020
		(from April 1, 2018	(from April 1, 2019
		to March 31, 2019)	to March 31, 2020)
Net sales	55,701	54,819
Costs of sales	*1 32,862	*1 31,358
Gross profit	22,838	23,461
Selling, general and administrative expenses	*2 7,097	*2 7,367
Operating income	15,741	16,094
Non-operating income
	Interest income	95	137
	Dividend income	242	240
	Share of profit of entities accounted for using equity	101	-
	method
	Surrender value of insurance policies	58	55
	Other	54	74
	Total non-operating income	552	509
Non-operating expense

Interest expenses

Share of loss of entities accounted for using equity method

Foreign exchange losses

0	20
-	1
22	107

Other	5	17
Total non-operating expenses	28	147
Ordinary income	16,265	16,455
Extraordinary income
Gain on sale of investment securities	29	2
Total extraordinary income	29	2
Extraordinary Losses
Loss on valuation of investment securities	196	31
Other	1	-
Total extraordinary losses	197	31
Income before income taxes	16,097	16,426
Income taxes - current	4,854	5,047
Income taxes - deferred	(132)	(58)
Total income taxes	4,721	4,988
Net income	11,375	11,437
Net income attributable to owners of parent	11,375	11,437

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[Consolidated Statement of Comprehensive Income]

		(Million Yen)
	Fiscal year ended March 31, 2019 Fiscal year ended March 31, 2020
	(from April 1, 2018	(from April 1, 2019
	to March 31, 2019)	to March 31, 2020)
Net income	11,375	11,437
Other comprehensive income

Valuation difference on available-for-sale securities

Deferred gains or losses on hedges

Foreign currency translation adjustment

Share of other comprehensive income of entities accounted for using equity method

Total other comprehensive income

Comprehensive income

(Comprehensive income attributable to)

Comprehensive income attributable to owners of parent

Comprehensive income attributable to non-controlling interests

8	(747)
12	1
(208)	(142)
(40)	(44)
*1 (227)	*1 (934)
11,147	10,503
11,147	10,503
-	-

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