cbc co., ltd. - cbc global gateway · income taxes payable 60,366 1,220,000 586 other ... cbc co.,...

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Page 1: CBC Co., Ltd. - CBC GLOBAL GATEWAY · Income taxes payable 60,366 1,220,000 586 Other ... CBC Co., Ltd. Nonconsolidated Statement of Income Year Ended March 31, 2014 Thousands of

CBC Co., Ltd. Nonconsolidated Balance Sheet March 31, 2014

Thousands of Yen

Thousands of U.S. Dollars

(Note 1) ASSETS 2014 2013 2014 CURRENT ASSETS: Cash and cash equivalents (Note 12) ¥ 3,266,058 ¥ 7,693,797 $ 31,733 Receivables (Notes 6, 12 and 13): Trade notes 9,837,301 7,492,842 95,582 Trade accounts 31,205,680 31,889,258 303,203 Subsidiaries and associated companies 7,261,083 6,135,128 70,550 Other 735,663 824,018 7,147 Allowance for doubtful receivables (39,201 ) (63,487) (380) Inventories (Note 3) 4,844,426 4,939,774 47,069 Deferred tax assets (Note 10) 273,845 522,092 2,660 Other current assets (Note 6) 1,027,803 895,119 9,986 Total current assets 58,412,661 60,328,545 567,554 PROPERTY, PLANT AND EQUIPMENT (Notes 4 and 11): Land 3,118,071 3,118,071 30,296 Buildings and structures 3,095,915 3,350,940 30,080 Machinery and equipment 124,719 149,246 1,211 Furniture and fixtures 423,130 374,700 4,111 Lease assets 86,131 183,530 836 Total property, plant and equipment 6,847,968 7,176,490 66,536 INVESTMENTS AND OTHER ASSETS: Investment securities (Notes 3 and 12) 24,487,597 21,643,549 237,928 Investments in and advances to subsidiaries and associated companies (Notes 6, 12 and 13) 14,347,479 12,449,281 139,404 Other assets 2,341,791 2,221,191 22,753 Total investments and other assets 41,176,868 36,314,022 400,086 TOTAL ¥ 106,437,499 ¥ 103,819,057 $ 1,034,177 See notes to nonconsolidated financial statements.

Thousands of Yen

Thousands of U.S. Dollars

(Note 1) LIABILITIES AND EQUITY 2014 2013 2014 CURRENT LIABILITIES: Short-term bank loans (Note 12) ¥ 9,900,000 ¥ 10,985,150 $ 96,191 Current portion of long-term debt (Notes 3, 11 and 12) 7,379,567 6,899,173 71,701 Payables (Notes 3, 6 and 12): Trade notes 2,256,281 2,304,097 21,922 Trade accounts 23,484,595 25,147,017 228,183 Subsidiaries and associated companies 615,548 1,140,229 5,980 Other 3,117,258 2,898,024 30,288 Income taxes payable 60,366 1,220,000 586 Other current liabilities (Note 6) 1,477,918 1,424,970 14,359 Total current liabilities 48,291,537 52,018,663 469,214 LONG-TERM LIABILITIES: Long-term debt (Notes 3, 11 and 12) 22,861,045 19,229,124 222,124 Liability for retirement benefits 585,552 557,920 5,689 Deferred tax liabilities (Note 10) 2,439,668 2,083,113 23,704 Other (Note 6) 532,502 331,328 5,173 Total long-term liabilities 26,418,767 22,201,486 256,692 COMMITMENTS AND CONTINGENT LIABILITIES (Notes 5 and 13) EQUITY (Notes 9 and 14): Common stock—authorized, 24,000,000 shares; issued, 17,000,000 shares in 2014 and 17,000,000 shares in 2013 5,100,000 5,100,000 49,553 Additional paid-in capital 425 425 4 Retained earnings: Legal reserve 294,790 278,070 2,864 Unappropriated 22,090,295 20,502,499 214,635 Unrealized gain on available-for-sale securities 4,551,732 4,027,961 44,225 Treasury stock—at cost, 1,800,000 shares in 2014 and 1,800,000 shares in 2013 (310,049 ) (310,049) (3,012) Total equity 31,727,193 29,598,908 308,270 TOTAL ¥ 106,437,499 ¥ 103,819,057 $ 1,034,177

Page 2: CBC Co., Ltd. - CBC GLOBAL GATEWAY · Income taxes payable 60,366 1,220,000 586 Other ... CBC Co., Ltd. Nonconsolidated Statement of Income Year Ended March 31, 2014 Thousands of

CBC Co., Ltd. Nonconsolidated Statement of Income Year Ended March 31, 2014

Thousands of Yen

Thousands of U.S. Dollars

(Note 1) 2014 2013 2014 NET SALES (Notes 7 and 13) ¥ 135,692,566 ¥ 129,999,778 $ 1,318,427 COST OF SALES (Note 7) 125,806,985 120,158,704 1,222,376 Gross profit 9,885,580 9,841,074 96,051 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (Note 7) 7,621,750 7,773,735 74,055 Operating income 2,263,829 2,067,338 21,996 OTHER INCOME (EXPENSES): Interest and dividend income (Notes 7 and 13) 595,169 636,661 5,782 Interest expense (Note 7) (399,938) (419,448 ) (3,885) Foreign exchange gain 358,138 496,289 3,479 Gain on sales of investment securities 1,450,113 1,056,813 14,089 Loss on disposal of property, plant and equipment (107,984 ) Loss on valuation of investment securities (19,207) (209,412 ) (186) Loss on valuation of investment in subsidiaries and associated company (680,634) (471,210 ) (6,613) Transfer pricing adjustments (Notes 7 and 13) (487,907) (4,740) Business structure improvement expenses (Note 8) (338,225) (3,286) Other—net (Note 7) 129,700 (61,748 ) 1,260 Other income—net 607,209 919,959 5,899 INCOME BEFORE INCOME TAXES 2,871,038 2,987,298 27,895 INCOME TAXES: Current 817,665 1,519,613 7,944 Deferred 281,657 (181,269 ) 2,736 Total income taxes 1,099,323 1,338,344 10,681 NET INCOME ¥ 1,771,715 ¥ 1,648,953 $ 17,214 Yen U.S. Dollars PER SHARE OF COMMON STOCK: Basic net income ¥ 116.56 ¥ 108.48 $ 1.13 Cash dividends applicable to the year 11.00 11.00 0.11 See notes to nonconsolidated financial statements.