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The balance sheet shows total assets as of the end of March 2012 increasing by 164.2 billion yen year on year to total 1,352.5 billion yen.
This jump was due to 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 despite a foreign exchange loss of 4.8 billion yen due to the strong yen.
Interest-bearing debts rose 10.4 billion yen to reach 341.0 billion yen. This surge is due to an 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 330.0 billion yen by the end of the fiscal year ending March 2013.
Net assets totaled 451.6 billion yen, up 37.6 billion yen, due primarily to a 31.6 billion yen increase in retained earnings.
The shareholders’ equity to total assets ratio dropped 1.4 percentage points from the end of the previous fiscal year to reach 33.3% while the debt-to-equity ratio was up 0.04 points to reach 0.76, due primarily to an increase in accumulated earnings. |
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