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Next are the balance sheets. Total assets were 1 trillion 277.2 billion yen, 38.8 billion yen less than the end of the previous fiscal year.
Current assets fell by 16.1 billion yen but this was mainly caused by cyclical decreases in cash and time deposits and notes and accounts receivable, trade. On the other hand, inventories were increasing due to works in process, the Boeing 787 and the AH-64D for the Ministry of Defense at Aerospace Company, and growing inventories of new Forester in Japan and other new models in overseas market.
Fixed assets decreased by 22.8 billion yen primarily due to a big change of the Tribeca at SIA, the construction in process account was transferred and the the depreciation of jigs and dies was continuing, while a reduction in fleet at SOA has resulted in a decrease in leased assets.
The total amount of interest bearing debt was 331.6 billion yen, a 12.2 billion yen decrease from the end of the previous financial year. The D/E ratio was 0.66.
The outlook for the interest bearing debt at the end of this financial year is 329.0 billion yen, a 20% reduction in interest bearing debt compared to 3 years ago.
The shareholders’ equity to total asset was 39.2%, up 1.7% from the end of the previous fiscal year. |
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