OJI HOLDINGS CORPORATION
[Translation]
OJI HOLDINGS CORPORATION
CONSOLIDATED FINANCIAL STATEMENTS
For the fiscal year ended March 31, 2022
The accompanying consolidated financial statement expressed in Japanese yen are the translation of those issued domestically. The amounts expressed in U.S. dollars are not included in the original audited consolidated financial statements. Such U.S. dollar amounts are translated in accordance with the basis stated in "Basis of Presentation" in the next page and are additionally presented herein solely for the convenience of readers outside Japan, and are not subject to audit.
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OJI HOLDINGS CORPORATION
Basis of Preparation
- The accompanying consolidated financial statements of Oji Holdings Corporation (the "Company") and its consolidated subsidiaries (collectively, the "Group") are prepared on the basis of accounting principles generally accepted in Japan, which are different in certain respects to the application and disclosure requirements of International Financial Reporting Standards, and which are compiled from the consolidated financial statements prepared by the Company as required by the Financial Instruments and Exchange Act of Japan.
- The accompanying consolidated financial statements are expressed in yen, and solely for the convenience of readers outside Japan, have been translated into U.S. dollars at the rate of ¥ 122.39 to U.S. $ 1.00, the approximate rate of exchange prevailing at March 31, 2022. This translation should not be construed as a representation that the yen amounts shown could be converted into U.S. dollars at the above or any other rate. Japanese yen figures less than a million yen are rounded down to the nearest million yen, and U.S. dollars figures less than a thousand dollars are rounded down to the nearest thousand dollars, except for per share data.
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OJI HOLDINGS CORPORATION
CONSOLIDATED BALANCE SHEET
As of March 31, 2022 and 2021
Millions of yen | Thousands of | |||
U.S. dollars | ||||
2022 | 2021 | 2022 | ||
ASSETS | ||||
Current assets | ||||
Cash and deposits (Note 9 (2)) | ¥44,749 | ¥ 130,529 | $365,633 | |
Notes and accounts receivable-trade | - | 297,718 | - | |
(Note 9 (2)) | ||||
Notes receivable-trade | 60,227 | - | 492,097 | |
Accounts receivable-trade | 260,231 | - | 2,126,249 | |
Contract assets | 3,983 | - | 32,546 | |
Short-term investments | 11,074 | 5,725 | 90,483 | |
Merchandise and finished goods | 98,616 | 86,440 | 805,759 | |
(Note 9 (2)) | ||||
Work in process (Note 9 (2)) | 20,294 | 19,273 | 165,816 | |
Raw materials and supplies (Note 9 (2)) | 106,266 | 89,090 | 868,265 | |
Short-term loans receivable (Note 9 (2)) | 4,764 | 4,324 | 38,926 | |
Accounts receivable-other | 18,575 | 19,608 | 151,772 | |
Other (Note 9 (2)) | 18,800 | 17,734 | 153,614 | |
Allowance for doubtful accounts | (1,790) | (1,675) | (14,625) | |
Total current assets | 645,795 | 668,770 | 5,276,539 | |
Non-current assets | ||||
Property, plant and equipment | ||||
Buildings and structures | 709,982 | 685,779 | 5,800,985 | |
Accumulated depreciation (Note 9 (7)) | (513,533) | (494,548) | (4,195,879) | |
Buildings and structures (Net) | 196,448 | 191,231 | 1,605,106 | |
(Notes 9 (2), (8)) | ||||
Machinery, equipment and vehicles | 2,495,207 | 2,389,121 | 20,387,351 | |
Accumulated depreciation (Note 9 (7)) | (2,156,261) | (2,090,184) | (17,617,957) | |
Machinery, equipment and vehicles (Net) | 338,946 | 298,937 | 2,769,394 | |
(Notes 9 (2), (8)) | ||||
Tools, furniture and fixtures | 61,622 | 60,791 | 503,495 | |
Accumulated depreciation (Note 9 (7)) | (56,037) | (55,099) | (457,856) | |
Tools, furniture and fixtures (Net) | 5,585 | 5,691 | 45,638 | |
(Note 9 (2)) | ||||
Land (Notes 9 (2), (5)) | 240,765 | 239,052 | 1,967,199 | |
Forests (Note 9 (2)) | 116,490 | 105,560 | 951,793 | |
Plantations (Notes 9 (2), (8)) | 92,343 | 85,584 | 754,504 | |
Leased assets | 65,356 | 55,844 | 534,005 | |
Accumulated depreciation (Note 9 (7)) | (22,713) | (19,767) | (185,579) | |
Leased assets (Net) | 42,643 | 36,077 | 348,426 | |
Construction in progress (Note 9 (2)) | 94,091 | 79,279 | 768,783 | |
Total property, plant and equipment | 1,127,315 | 1,041,413 | 9,210,845 | |
Intangible assets | ||||
Goodwill | 3,472 | 3,122 | 28,369 | |
Other (Note 9 (2)) | 8,079 | 9,049 | 66,017 | |
Total intangible assets | 11,552 | 12,171 | 94,386 | |
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OJI HOLDINGS CORPORATION
Millions of yen | Thousands of | ||
U.S. dollars | |||
2022 | 2021 | 2022 | |
Investments and other assets | |||
Investment securities (Notes 9 (1), (2)) | 168,545 | 163,961 | 1,377,117 |
Long-term loans receivable | 5,571 | 6,933 | 45,518 |
Long-term prepaid expenses | 3,497 | 3,692 | 28,580 |
Net defined benefit asset | 61,542 | 60,993 | 502,836 |
Deferred tax assets | 8,819 | 7,074 | 72,064 |
Other (Note 9 (2)) | 22,095 | 17,379 | 180,529 |
Allowance for doubtful accounts | (982) | (952) | (8,026) |
Total investments and other assets | 269,089 | 259,083 | 2,198,619 |
Total non-current assets | 1,407,956 | 1,312,668 | 11,503,852 |
Total assets | ¥2,053,752 | ¥1,981,438 | $16,780,391 |
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OJI HOLDINGS CORPORATION
Millions of yen | Thousands of | |||
U.S. dollars | ||||
2022 | 2021 | 2022 | ||
LIABILITIES | ||||
Current liabilities | ||||
Notes and accounts payable-trade (Note 9 (2)) | ¥234,650 | ¥197,950 | $ 1,917,239 | |
Short-term loans payable (Note 9 (2)) | 166,445 | 129,963 | 1,359,957 | |
Accounts payable-other (Note 9 (2)) | 24,653 | 20,741 | 201,434 | |
Accrued expenses | 51,457 | 48,874 | 420,441 | |
Income taxes payable | 23,993 | 11,526 | 196,042 | |
Other | 31,818 | 32,657 | 259,979 | |
Total current liabilities | 533,020 | 441,713 | 4,355,095 | |
Non-current liabilities | ||||
Bonds | 155,000 | 155,000 | 1,266,443 | |
Long-term loans payable (Note 9 (2)) | 329,062 | 362,718 | 2,688,638 | |
Deferred tax liabilities | 64,013 | 59,892 | 523,029 | |
Deferred tax liabilities for land revaluation | 7,737 | 7,739 | 63,218 | |
(Note 9 (5)) | ||||
Net defined benefit liability | 54,022 | 54,010 | 441,396 | |
Long-term deposits | 6,809 | 7,305 | 55,639 | |
Other | 28,616 | 27,450 | 233,812 | |
Total non-current liabilities | 645,261 | 674,117 | 5,272,178 | |
Total liabilities | ¥ 1,178,282 | ¥ 1,115,831 | $ 9,627,274 | |
CONTINGENT LIABILITIES (Note 9 (3)) | ||||
NET ASSETS | ||||
Shareholders' equity | ||||
Common stock | 103,880 | 103,880 | 848,769 | |
Capital surplus | 99,163 | 109,100 | 810,226 | |
Retained earnings | 567,150 | 493,224 | 4,633,963 | |
Treasury stock | (13,277) | (13,400) | (108,483) | |
Total shareholders' equity | 756,918 | 692,805 | 6,184,476 | |
Accumulated other comprehensive income | ||||
Valuation difference on available-for-sale | 30,500 | 31,654 | 249,208 | |
securities | ||||
Deferred gains and losses on hedges | 2,076 | 2,721 | 16,963 | |
Revaluation reserve for land (Note 9 (5)) | 5,728 | 5,684 | 46,802 | |
Foreign currency translation adjustment | 29,593 | (6,418) | 241,799 | |
Remeasurements of defined benefit plans | 26,415 | 24,533 | 215,829 | |
Total accumulated other comprehensive income | 94,314 | 58,176 | 770,602 | |
Share acquisition rights | 157 | 199 | 1,289 | |
Non-controlling interests | 24,080 | 114,426 | 196,749 | |
Total net assets | 875,470 | 865,606 | 7,153,117 | |
Total liabilities and net assets | ¥2,053,752 | ¥1,981,438 | $ 16,780,391 |
The accompanying notes are an integral part of these financial statements.
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Oji Holdings Corporation published this content on 10 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2022 04:13:05 UTC.