Financial PerformanceConsolidated Balance Sheet

Assets

(million yen)
	February 28, 2021	February 28, 2022	February 28, 2023
Current assets
Cash and deposits	4,108	4,001	4,256
Notes and accounts receivable - trade	6,643	6,844	-
Notes receivable - trade	-	-	1,235
Accounts receivable - trade	-	-	6,360
Merchandise and finished goods	2,524	2,935	3,276
Raw materials and supplies	1,718	2,391	3,030
Other	338	461	675
Allowance for doubtful accounts	△ 27	△ 25	△ 22
Total current assets	15,304	16,607	18,810
Non-current assets
Property, plant and equipment
Buildings and structures	6,919	6,867	7,402
Accumulated depreciation	△ 3,367	△ 3,327	△ 3,516
Buildings and structures, net	3,552	3,540	3,886
Machinery, equipment and vehicles	9,832	10,513	10,793
Accumulated depreciation	△ 8,028	△ 8,478	△ 8,978
Machinery, equipment and vehicles, net	1,804	2,035	1,815
Land	2,422	1,954	1,963
Leased assets	189	189	230
Accumulated depreciation	△ 133	△ 134	△ 148
Leased assets, net	56	55	82
Construction in progress	155	294	491
Other	2,961	3,004	3,143
Accumulated depreciation	△ 2,431	△ 2,579	△ 2,770
Other, net	529	425	373
Total property, plant and equipment	8,518	8,304	8,610
Intangible assets
Goodwill	347	219	92
Leased assets	3	1	45
Other	442	412	452
Total intangible assets	792	633	589
Investments and other assets
Investment securities	339	367	520
Investments in capital	1,656	1,915	2,078
Deferred tax assets	31	29	75
Net defined benefit asset	841	976	1,160
Other	226	179	168
Allowance for doubtful accounts	△ 0	△ 0	△ 0
Total investments and other assets	3,093	3,465	4,002
Total non-current assets	12,403	12,401	13,202
Deferred assets
Business commencement expenses	-	-	6
Total deferred assets	-	-	6
Total assets	27,707	29,008	32,017

Liabilities

(million yen)
	February 28, 2021	February 28, 2022	February 28, 2023
Current liabilities
Notes and accounts payable - trade	3,975	4,308	5,144
Contract liability	2,544	-	94
Short-term borrowings	26	560	2,381
Income taxes payable	109	427	183
Provision for bonuses	441	529	464
Other	1,026	1,437	1,334
Total current liabilities	8,121	7,260	9,599
Non-current liabilities
Long-term borrowings	775	350	472
Net defined benefit liability	494	531	498
Other	136	293	208
Total non-current liabilities	1,424	1,197	1,179
Total liabilities	9,545	8,457	10,778

Net Assets

(million yen)
	February 28, 2021	February 28, 2022	February 28, 2023
Shareholders' equity
Capital stock	2,118	2,118	2,118
Capital surplus	1,976	1,976	1,976
Retained earnings	12,132	13,517	13,760
Treasury shares	△ 390	△ 384	△ 567
Total shareholders' equity	15,836	17,227	17,287
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	27	38	74
Foreign currency translation adjustment	△ 117	505	879
Remeasurements of defined benefit plans	152	191	293
Total accumulated other comprehensive income	63	735	1,246
Non-controlling interests	2,264	2,589	2,706
Total net assets	18,163	20,551	21,240
Total liabilities and net assets	27,707	29,008	32,017

Invester Relations

Financial PerformanceConsolidated Balance Sheet

Assets

Liabilities

Net Assets