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Next, the Balance sheets.
Total assets stood at 1,251.9 billion yen decreased by 44.5 billion yen from the end of previous fiscal year, in which foreign exchange loss based on an appreciation of the yen accounted for a substantial decrease of 22.5 billion yen.
Current assets increased by 3.6 billion yen and fixed assets decreased by 48 billion yen, for which the effect of transferring the lease assets to lease assets investment was a large contributor following the changes in the lease accounting.
Inventories increased by 15.5 billion yen based on a primary factor such as AH-64D of Aerospace Company, though automobile inventories were insignificant.
Concerning fixed assets, reduction of lease assets, goodwill's write-off, and a decrease of investment securities were the primary factor.
(As for the decrease of investment securities, the effect of the stock prices accounted for 5 billion yen and the impact of changing from equity method to consolidation accounted for approximately 7 billion yen).
Concerning the interest-bearing debt, the total amount stood at 276.9 billion yen and decreased by 27.6 billion yen from the end of March, since 30 billion yen of corporate bond were redeemed. The debt-to-equity ratio was 0.55.
Net Assets were 500.9 billion yen, and excluding the minority interest (1 billion yen), shareholders' equity (net worth) stood at 499.9 billion yen. Therefore, shareholders' equity to total assets ratio was 39.9%. |
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