Consolidated Balance Sheets
Showa Sangyo Co.,Ltd. and Consolidated Subsidiaries
As of March 31,2016 and 2017 (Millions of yen)
Assets
2016
2017
Current assets
69,605
70,096
Fixed assets
88,335
94,862
Property, plant and equipment
65,495
70,050
Intangible fixed assets
1,777
1,751
Investments and other assets
21,062
23,060
Total assets
157,941
164,959
Liabilities
Current liabilities
65,012
60,430
Long-term liabilities
21,328
29,160
Total liabilities
86,340
89,591
Net assets
Shareholders' equity
65,618
68,490
Common stock
12,778
12,778
Capital surplus
4,856
4,963
Retained earnings
49,520
53,296
Treasury common stock
(1,537)
(2,548)
Total accumulated other comprehensive income
3,216
4,697
Unrealized gains on hedging transactions
5,023
6,062
Deferred gains on hedging transactions
(85)
(12)
Remeasurements of defined benefit plans
(1,720)
(1,352)
Minority interests
2,765
2,180
Total net assets
71,600
75,368
Total liabilities and net assets
157,941
164,959
Consolidated Statements of Income
Showa Sangyo Co.,Ltd. and Consolidated Subsidiaries
For the years ended March 31, 2016 and 2017 (Millions of yen)
2016
2017
Net sales
247,823
233,206
Cost of sales
205,431
189,234
Gross profit
42,392
43,972
Selling,general and administrative expenses
34,440
35,185
Operating income
7,951
8,786
Non-operating income
1,364
1,362
Non-operating expenses
338
635
Ordinary income
8,977
9,514
Extraordinary income
27
226
Extraordinary losses
791
1,045
Income before income taxes and minority interests
8,213
8,694
Income taxes
Current
2,297
2,555
Deferred
(163)
(204)
Minority interests
137
176
Net income
5,941
6,167
Consolidated Statements of Cash Flows
Showa Sangyo Co.,Ltd. and Consolidated Subsidiaries
For the years ended March 31, 2016 and 2017 (Millions of yen)
2016
2017
Cash flows from operating activities
13,036
19,098
Cash flows from investing activities
(8,428)
(9,923)
Cash flows from financing activities
(4,443)
(4,753)
Increase(decrease) in cash and cash equivalents
163
4,421
Cash and cash equivalents at beginning of the year
1,602
1,766
Cash and cash equivalents at the end of the year
1,766
6,276
Trend in Consolidated Performance