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The balance sheet shows
total assets as of December 31, 2011 amounting to 1,286.5 billion yen, up 98.2 billion yen from the end of the last fiscal year, despite a loss of 21.7 billion yen due to the strong yen.
This jump includes an increase in cash and cash equivalents acquired for the purpose of providing post-quake support to our subsidiaries as well as a gain on the sale of the Subaru Building on top of an increase in inventory assets due to rebounding production in the third quarter.
Interest-bearing debts rose 38.2 billion yen to reach 368.8 billion yen. This surge is due to the increase in loans payable despite the redemption of corporate bonds amounting to 20.0 billion yen this past April. We plan to bring debt down to 350.0 billion yen by the end of the fiscal year ending in March 2012.
Our debt-to-equity ratio dropped 0.05 points to reach 0.85 due to increased loans.
Net assets totaled 435.2 billion yen, up 21.2 billion yen, due primarily to a 29.8 billion yen increase in retained earnings.
The shareholders’ equity to total assets ratio dropped 1.0 percentage points from the end of the previous fiscal year to reach 33.7%. |
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