Toei Animation : Financial Statement

TOEI ANIMATION CO., LTD.

Financial Statements

(Unaudited)

FY2021

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.

―1―

1 [Consolidated Financial Statements]

(1) [Consolidated Financial Statements]

1) [Consolidated Balance Sheets]

							(Million Yen)
						As of March 31, 2020	As of March 31, 2021
Assets
	Current assets
		Cash and time deposits	39,984	43,041
		Notes and accounts receivable - trade	10,622	12,790
		Securities	28	46
		Merchandise and finished goods	331	329
		Work in process	5,414	7,507
		Raw materials and supplies	90	88
		Short-term loans receivable from subsidiaries and	3,053	54
		associates
		Other	634	1,007
		Allowance for doubtful accounts	(77)	(30)
		Total current assets	60,081	64,834
	Fixed assets
		Property, plant and equipment
			Buildings and structures	7,878	7,890
				Accumulated depreciation	(894)	(1,128)
				Buildings and structures, net	6,983	6,761
			Land	1,315	1,315
			Other	1,700	1,730
				Accumulated depreciation	(1,063)	(1,225)
				Other, net	636	505
			Total property, plant and equipment	8,935	8,582
		Intangible fixed assets
			Software	453	525
			Other	1	1
			Total intangible fixed assets	454	527
		Investments and other assets
			Investment securities	*1 12,258	*1 13,706
			Long-term loans receivable from subsidiaries	3,024	6,018
			and associates
			Long-term time deposits	7,500	10,500
			Net defined benefit assets	62	56
			Other	1,739	1,289
			Allowance for doubtful accounts	(37)	(37)
			Total investments and other assets	24,547	31,533
		Total fixed assets	33,937	40,643
	Total assets	94,019	105,477

―2―

(Million Yen)

As of March 31, 2020

As of March 31, 2021

Liabilities

Current liabilities

Notes and accounts payable - trade

Income taxes payable

Provision for bonuses

Other

Total current liabilities

Fixed Liabilities

Provision for share awards for directors (and other officers)

Net defined benefit liability

Other

Total fixed liabilities

Total liabilities

Net assets

Shareholders' equity

Common stock

Capital surplus

Retained earnings

Treasury stock

Total shareholders' equity

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

9,663	11,015
2,798	2,820
411	439
3,828	3,347
16,701	17,623
49	63
2,086	2,130
488	539
2,624	2,733
19,326	20,356
2,867	2,867
3,409	3,409
68,087	76,290
(694)	(672)
73,669	81,894
1,365	3,294

Deferred gains or losses on hedges	(1)	1
Foreign currency translation adjustment	(340)	(69)
Total accumulated other comprehensive income	1,023	3,226
Total net assets	74,692	85,120
Total liabilities and net assets	94,019	105,477

―3―

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

					(Million Yen)
				Fiscal year ended March 31, 2020 Fiscal year ended March 31, 2021
				(from April 1, 2019	(from April 1, 2020
				to March 31, 2020)	to March 31, 2021)
Net sales	54,819	51,595
Costs of sales	*1 31,358	*1 28,655
Gross profit	23,461	22,939
Selling, general and administrative expenses	*2 7,367	*2 7,436
Operating income	16,094	15,503
Non-operating income
	Interest income		137	76
	Dividend income	240	241
	Foreign exchange gains		-	327
	Other	130	162
	Total non-operating income		509	809
Non-operating expense
	Interest expenses		20	45
	Share of loss of entities accounted for using equity	1	60
	method
	Loss on investments in investment partnerships		-	114
	Loss on investments in silent partnerships	-	49
	Foreign exchange losses		107	-
	Other	17	1
	Total non-operating expenses		147	271
Ordinary income	16,455	16,040
Extraordinary income
	Gain on sale of investment securities		2	-
	Total extraordinary income		2	-
Extraordinary Losses
	Loss on valuation of investment securities		31	46
	Total extraordinary losses	31	46
Income before income taxes	16,426	15,994
Income taxes - current	5,047	5,009
Income taxes - deferred	(58)	(83)
Total income taxes	4,988	4,926
Net income	11,437	11,067
Net income attributable to owners of parent	11,437	11,067

―4―

[Consolidated Statement of Comprehensive Income]

		(Million Yen)
	Fiscal year ended March 31, 2020 Fiscal year ended March 31, 2021
	(from April 1, 2019	(from April 1, 2020
	to March 31, 2020)	to March 31, 2021)
Net income	11,437	11,067
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

(747)	1,820
1	3
(142)	271
(44)	108
*1 (934)	*1 2,203
10,503	13,271
10,503	13,271
-	-

―5―