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Next, the Consolidated Balance Sheets. Total assets stood at 1239.5 billion yen,
a decrease of 56.9 billion yen from the end of last fiscal year.

Included in this was a 32.2 billion yen decrease due to foreign exchange impact of the appreciated yen.

Current assets increased by 12.9 billion yen, because leased assets were transferred into lease investment assets and increased aerospace inventories, etc.

Fixed assets decreased by 69.8 billion yen, mainly because leased assets were transferred into lease investment assets, and revaluation of investment securities.

Concerning interest-bearing debt, the total amount was 321 billion yen, an increase of 16.5 billion yen from the end of the last fiscal year.

The Debt/Equity ratio was 0.69.

Interest-bearing debt at the end of this period is expected to reach 360 billion yen, because cash on hand seems to be needed.

Shareholders’ equity to total assets ratio stood at 37.5%, a 0.6% decrease from the end of last fiscal year.