Consolidated Financial Statements
GS Yuasa Corporation
Year Ended March 31, 2022
Financial information
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Preparation of consolidated financial statements
The accompanying consolidated financial statements of GS Yuasa Corporation (the "Company") have been prepared in accordance with the provisions set forth in the Japanese Financial Instruments and Exchange Act and its related accounting regulations and in accordance with accounting principles generally accepted in Japan ("Japanese GAAP"), which are different in certain respects as to the application and disclosure requirements from International Financial Reporting Standards.
The Company's consolidated financial statements are prepared in line with "Regulation on Terminology, Forms, and Preparation Methods of Consolidated Financial Statements" (Ministry of Finance Order No. 28 of 1976). - Note on independent audit
As stipulated in Article 193-2, Paragraph 1 of the Financial Instruments and Exchange Act, the Company received an audit of its consolidated financial statements for the fiscal year ended March 31, 2022 (April 1, 2021-March 31, 2022) by KPMG AZSA LLC. - Special efforts to ensure fair presentation of consolidated financial statements, etc.
The Company has taken remarkable efforts to ensure the fair presentation of its consolidated financial statements, etc. Concrete efforts include joining the Financial Accounting Standards Foundation and participating in seminars in order to properly ascertain the details of accounting standards and other items and create a system that makes it possible to appropriately respond to changes in accounting standards and other items.
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1. Consolidated Financial Statements and Other Information
- Consolidated Financial Statements
- Consolidated Balance Sheets
(Millions of yen) | (Thousands of U.S. dollars) | |
As of | As of | As of |
March 31, 2022 | March 31, 2021 | March 31, 2022 |
Amount | Amount | Amount |
Assets
Current assets
Cash and deposits
Notes and accounts receivable - trade
Notes and accounts receivable - trade, and contract assets
Electronically recorded monetary claims - operating
Merchandise and finished goods Work in process
Raw materials and supplies Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment Buildings and structures, net Machinery, equipment and vehicles, net Land
Leased assets, net Right-of-use assets, net Construction in progress Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Leased assets
Other
Total intangible assets
Investments and other assets
Investment securities
Investments in capital
Long-term loans receivable
Retirement benefit asset
Deferred tax assets
Lease receivables
Other
Allowance for doubtful accounts
*4 | 25,855 | *4 | 36,280 | *4 | 211,251 |
- | *4 | 74,269 | - | ||
*2, *4 | 85,399 | - | *2, *4 | 697,761 | |
7,163 | 5,039 | 58,526 | |||
*4 | 54,986 | *4 | 37,236 | *4 | 449,269 |
*4 | 19,236 | *4 | 14,973 | *4 | 157,170 |
*4 | 18,828 | *4 | 15,658 | *4 | 153,836 |
15,249 | 11,189 | 124,594 | |||
(418) | (315) | (3,415) | |||
226,300 | 194,332 | 1,849,007 | |||
*4, *9 | 56,279 | *4, *9 | 52,837 | *4, *9 | 459,833 |
*4, *9 | 37,108 | *4, *9 | 38,703 | *4, *9 | 303,195 |
*8 | 23,335 | *4, *8 | 22,737 | *8 | 190,661 |
284 | 296 | 2,320 | |||
5,398 | 5,075 | 44,105 | |||
*9 | 15,315 | *9 | 9,699 | *9 | 125,133 |
5,284 | *4, *9 | 5,180 | 43,173 | ||
*1 | 143,007 | *1 | 134,530 | *1 | 1,168,453 |
- | 659 | - | |||
825 | 1,078 | 6,741 | |||
*4 | 2,069 | 2,681 | *4 | 16,905 | |
2,894 | 4,419 | 23,646 | |||
*5 | 66,319 | *5 | 64,349 | *5 | 541,866 |
*5 | 940 | *5 | 1,657 | *5 | 7,680 |
1,116 | 707 | 9,118 | |||
32,954 | 23,920 | 269,254 | |||
2,338 | 3,497 | 19,103 | |||
2,635 | 2,616 | 21,530 | |||
2,538 | 2,152 | 20,737 | |||
(322) | (323) | (2,631) |
Total investments and other assets | 108,520 | 98,578 | 886,674 |
Total non-current assets | 254,423 | 237,528 | 2,078,789 |
Deferred assets | |||
Bond issuance costs | 39 | 52 | 319 |
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Total deferred assets
Total assets
As of | As of | As of |
March 31, 2022 | March 31, 2021 | March 31, 2022 |
Amount | Amount | Amount |
39 | 52 | 319 |
480,763 | 431,913 | 3,928,123 |
(Millions of yen) | (Thousands of U.S. dollars) |
As of | As of | As of |
March 31, 2022 | March 31, 2021 | March 31, 2022 |
Amount | Amount | Amount |
Liabilities
Current liabilities
Notes and accounts payable - trade Electronically recorded obligations - operating Short-term borrowings
Commercial papers Accounts payable - other Income taxes payable Notes payable - facilities
Electronically recorded obligations - facilities
Provision for bonuses for directors (and other officers)
Other
Total current liabilities
44,174 | 34,742 | 360,928 | |||
19,861 | 16,367 | 162,276 | |||
*4 | 18,782 | *4 | 13,440 | *4 | 153,460 |
2,000 | - | 16,341 | |||
12,041 | 15,976 | 98,382 | |||
2,857 | 4,761 | 23,343 | |||
274 | 358 | 2,239 | |||
6,821 | 3,270 | 55,732 | |||
120 | 120 | 980 | |||
*3 | 22,444 | 18,802 | *3 | 183,381 | |
129,376 | 107,839 | 1,057,080 |
Non-current liabilities | ||||||
Bonds payable | 20,000 | 20,000 | 163,412 | |||
Long-term borrowings | 41,696 | 31,980 | 340,681 | |||
Lease liabilities | 6,100 | 6,041 | 49,841 | |||
Deferred tax liabilities | 19,910 | 18,045 | 162,677 | |||
Deferred tax liabilities for land revaluation | *8 | 928 | *8 | 928 | *8 | 7,582 |
Provision for retirement benefits for directors | 67 | 64 | 547 | |||
(and other officers) | ||||||
Retirement benefit liability | 4,892 | 4,562 | 39,971 | |||
Other | 7,852 | 7,880 | 64,156 | |||
Total non-current liabilities | 101,447 | 89,503 | 828,883 | |||
Total liabilities | 230,824 | 197,342 | 1,885,971 | |||
Net assets | ||||||
Shareholders' equity | ||||||
Share capital | 33,021 | 33,021 | 269,801 | |||
Capital surplus | 55,292 | 55,301 | 451,769 | |||
Retained earnings | 93,661 | 95,869 | 765,267 | |||
Treasury shares | (351) | (4,654) | (2,868) | |||
Total shareholders' equity | 181,623 | 179,537 | 1,483,969 | |||
Accumulated other comprehensive income | ||||||
Valuation difference on available-for-sale | 16,180 | 17,171 | 132,200 | |||
securities | ||||||
Deferred gains or losses on hedges | (794) | (115) | (6,487) |
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As of | As of | As of | |
March 31, 2022 | March 31, 2021 | March 31, 2022 | |
Amount | Amount | Amount | |
Revaluation reserve for land | 2,137 | 2,137 | 17,461 |
Foreign currency translation adjustment | 7,163 | 417 | 58,526 |
Remeasurements of defined benefit plans | 8,922 | 3,098 | 72,898 |
Total accumulated other comprehensive | 33,609 | 22,708 | 274,606 |
income | |||
Non-controlling interests | 34,705 | 32,324 | 283,561 |
Total net assets | 249,938 | 234,570 | 2,042,144 |
Total liabilities and net assets | 480,763 | 431,913 | 3,928,123 |
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Disclaimer
GS Yuasa Corporation published this content on 29 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 August 2022 07:39:04 UTC.