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Financial Information
Consolidated
Non-Consolidated
|
 |
| Statements of Income (Non-Consolidated) | |
| (Unit : \ million) | |||||
| 2005/3 | 2006/3 | 2007/3 | |||
| Ordinary income and loss | |||||
| Net sales | 469,181 | 457,135 | 624,553 | ||
Sales from Contracting Division |
248,032 | 195,202 | 316,117 | ||
Sales from Leasing Division |
216,599 |
249,702 | 277,168 | ||
Sales from Other Division |
4,550 |
12,230 | 31,267 | ||
| Cost of sales | 348,882 |
345,319 | 466,251 | ||
Cost of Contracting Division |
163,176 |
129,397 | 209,395 | ||
Cost of Leasing Division |
179,507 |
205,480 | 230,065 | ||
Cost of Other Division |
6,198 | 10,441 | 26,790 | ||
Gross profit |
120,299 | 111,816 | 158,301 | ||
| Selling, general and administrative expenses | 65,419 | 72,281 | 83,556 | ||
| Advertising expense | 7,867 | 8,245 |
8,548 | ||
| Selling fees | 5,124 | 5,565 |
6,693 | ||
| Provisions for allowance for doubtful accounts | 387 | 1,653 |
1,035 | ||
| Director compensation | 353 | 414 |
543 | ||
| Salaries and bonuses | 22,711 | 25,249 |
29,791 | ||
| Provisions for allowance for employees' bonuses | 1,518 | 1,752 |
1,983 | ||
| Provisions for retirement benefit reserves | 589 | 859 |
996 | ||
| Provision of reserve for directors' retirement benefits | - | - |
196 | ||
| Welfare expenses | 4,616 | 5,982 |
7,173 | ||
| Fees paid | 4,194 | 3,763 |
4,770 | ||
| Rents paid | 3,947 | 4,112 |
4,593 | ||
| Depreciation expense | 1,584 | 1,292 |
1,245 | ||
| Taxes and public charges | 1,735 | 1,909 |
2,974 | ||
| Other | 10,787 | 11,479 | 13,008 | ||
Operating profit |
54,879 | 39,534 | 74,745 | ||
| Non-operating profit and loss | |||||
| Non-operating profit | 1,239 | 2,156 | 1,584 | ||
| Interest income | 64 |
55 |
47 | ||
| Dividend income | 261 |
429 |
411 | ||
| Gain on sale of investment securities | 100 |
125 |
166 | ||
| Income from cancellation of resort memberships | 28 |
11 |
19 | ||
| Income from cancellation of construction contracts | 293 |
174 |
70 | ||
| Unrealized gains on interest rate swaps | 52 |
233 |
122 | ||
| Foreign currency translation gain | 192 |
903 |
281 | ||
| Other | 245 |
222 |
465 | ||
| Non-operating expenses | 4,301 |
2,938 |
2,146 | ||
| Interest expense | 3,352 |
2,051 |
1,121 | ||
| All other financing costs | - | - |
606 | ||
| Bond interest expense | 155 |
96 |
58 | ||
| Amortization of bond issuance costs | 196 | 269 |
73 | ||
| Other | 598 | 521 | 286 | ||
Recurring profit |
51,817 | 38,752 | 74,183 | ||
| Extraordinary income and losses | |||||
| Extraordinary income | 1,678 | 39 | 4,121 | ||
| Gain on sales of fixed assets | 6 | 7 |
1 | ||
| Gain on sale of affiliates' stocks | - |
31 |
549 | ||
| Gain on sale of affiliates' bonds | - |
- |
1,680 | ||
| Reversal of allowance for doubtful accounts | 671 |
- |
932 | ||
| Gain from forgiveness of debt | 1,000 |
- |
- | ||
| Gain on redemption of affiliates' loans | - |
- |
958 | ||
| Extraordinary losses | 6,279 |
79,173 |
7,386 | ||
| Loss on sales of fixed assets | 6 |
10 |
16 | ||
| Write-offs of fixed assets | 335 |
452 |
215 | ||
| Impairment losses | - |
18,348 |
3,009 | ||
| Markdown on investment securities | - |
- |
210 | ||
| Loss on devaluation of affiliates' stocks | 5,768 |
59,342 |
- | ||
| Provision for allowance for doubtful accounts | - |
831 |
700 | ||
| Amortization of transition obligation | 157 |
- |
- | ||
| Provision of reserve for directors' retirement benefits | - |
- |
2,789 | ||
| Provision of reserve for rental income | - |
- |
446 | ||
| Other | 11 | 187 | - | ||
Net income before taxes and adjustments (loss) |
47,217 | -40,381 | 70,917 | ||
| Corporate, residential, and enterprise taxes | 12,269 | 251 |
26,425 | ||
| Income tax rehabilitation | - | 729 |
- | ||
| Income tax adjustments | 6,197 | -8,016 |
4,894 | ||
| Minority interest | - | - | - | ||
| Net income (loss) | 28,750 | -33,346 | 39,597 | ||
| Retained earnings brought forward | 50,396 | 76,756 | - | ||
| Unappropriated retained earnings (loss) | 79,146 | 43,409 | - | ||
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