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The balance sheet showed total assets declining by 43.0 billion yen year on year to total 1,188.3 billion yen. This included a loss of approximately 36.0 billion yen due to the strong yen.
At the end of March 2011 we saw a marked decline in notes and accounts receivable - trade, inventories, and notes and accounts payable - trade due to the impact of the earthquake as well as an increase in cash and deposits acquired through long-term loans payable to secure sufficient cash on hand.
Interest-bearing debts dropped by 37.0 billion yen year on year to reach 330.6 billion yen. This decrease comes as a result of rolling over short-term loans payable into long-term loans payable and the redemption of corporate bonds. Our debt-to-equity ratio was 0.80.
Net assets totaled 414.0 billion yen, up 32.1 billion yen due to an increase in retained earnings.
The shareholders’ equity to total assets ratio came to 34.7%, indicating that we have maintained a solid financial footing.