Higher Total Assets and Liabilities, but Lower Net Assets and Equity Ratio

「At the end of the first quarter, total assets decreased by ¥2,852 million, or 3.2%, from the end of the previous fiscal year to ¥87,471 million, mainly due to a decrease in accounts receivable, despite an increase in investments and other assets. Liabilities decreased by ¥3,546 million, or 6.4%, to ¥51,719 million, mainly due to decreases in electronic recorded obligations, short-term borrowings and provision for bonuses, despite an increase in accounts payable. Net assets increased by ¥694 million, or 2.0%, to ¥35,751 million, due to increases in retained earnings and valuation difference on available-for-sale securities, and the equity ratio was 40.9%.」

「Although cash and deposits and machinery and equipment, net decreased, total assets increased by ¥8,593 million (10.5%) from the end of the previous fiscal year to ¥90,323 million, mainly due to the ¥8,744 million payment of an advance payment related to litigation. Liabilities increased by ¥6,579 million (13.5%) from the end of the previous fiscal year to ¥55,265 million, mainly due to an increase in short-term borrowings, despite decreases in electronically recorded obligations and accrued income taxes. Net assets increased by ¥2,013 million (6.1%) from the end of the previous fiscal year to ¥35,057 million due to increases in retained earnings brought forward and the valuation difference on available-for-sale securities. The equity ratio was 38.8%.」

「At the end of the interim accounting period, total assets increased by ¥3,703 million (4.5%) from the end of the previous fiscal year to ¥85,433 million, mainly due to the ¥8,744 million payment of an advance payment related to litigation, despite a decrease in notes and accounts receivable. Liabilities increased by ¥2,738 million (5.6%) from the end of the previous fiscal year to ¥51,424 million, mainly due to an increase in short-term borrowings, despite decreases in electronically recorded obligations, accrued income taxes and long-term borrowings. Net assets increased by ¥965 million (2.9%) from the end of the previous fiscal year to ¥34,008 million due to increases in retained earnings and the valuation difference on available-for-sale securities. The equity ratio was 39.8%.」

「Although buildings, net and machinery and equipment, net decreased, total assets increased by ¥5,927 million (7.8%) from the end of the previous fiscal year to ¥81,729 million, mainly due to increases in cash and deposits, accounts receivable and software. Liabilities increased by ¥9,545 million (24.4%) from the end of the previous fiscal year to ¥48,685 million, mainly due to an increase in short-term borrowings and the recognition of a provision for litigation-related losses, despite decreases in notes payable, electronically recorded obligations and long-term borrowings. Net assets decreased by ¥3,617 million (9.9%) from the end of the previous fiscal year to ¥33,043 million due to a decrease in retained earnings brought forward, despite an increase in the valuation difference on available-for-sale securities. The equity ratio was 40.4%.」

「At the end of the interim accounting period, total assets increased by ¥197 million (0.3%) from the end of the previous fiscal year to ¥75,999 million, mainly due to an increase in notes and accounts receivable, despite decreases in cash and deposits and buildings and structures, net. Liabilities decreased by ¥1,040 million (2.7%) from the end of the previous fiscal year to ¥38,100 million, mainly due to decreases in notes and accounts payable and long-term borrowings, despite an increase in short-term borrowings. Net assets increased by ¥1,238 million (3.4%) from the end of the previous fiscal year to ¥37,899 million due to increases in retained earnings and the valuation difference on available-for-sale securities. The equity ratio was 49.9%.」

「Although cash and deposits decreased, total assets increased by ¥3,335 million (4.6%) from the end of the previous fiscal year to ¥75,802 million, mainly due to increases in accounts receivable and merchandise and finished goods, as well as increases in buildings, net and machinery and equipment, net resulting from the addition of a new production line at the manufacturing facility for powdered dialysate for artificial kidneys in Building 2 of the Ibaraki Plant, which began operations in January 2024.」

「At the end of the third quarter, total assets increased by ¥5,243 million (7.2%) from the end of the previous fiscal year to ¥77,709 million, mainly due to increases in notes and accounts receivable, merchandise and finished goods, and other property, plant and equipment, net, despite a decrease in cash and deposits. Liabilities increased by ¥4,814 million (13.1%) from the end of the previous fiscal year to ¥41,632 million, mainly due to increases in notes and accounts payable and short- and long-term borrowings, despite a decrease in provision for bonuses. Net assets increased by ¥428 million (1.2%) from the end of the previous fiscal year to ¥36,077 million due to increases in retained earnings and the valuation difference on available-for-sale securities, despite the acquisition of treasury shares through an off-auction purchase of treasury shares via ToSTNeT-3 during the second quarter. The equity ratio decreased by 2.8 percentage points from the end of the previous fiscal year to 46.4%.」

「At the end of the second quarter, total assets increased by ¥3,807 million (5.3%) from the end of the previous fiscal year to ¥76,274 million, mainly due to increases in notes and accounts receivable, merchandise and finished goods, and other property, plant and equipment, net, despite a decrease in cash and deposits. Liabilities increased by ¥3,581 million (9.7%) from the end of the previous fiscal year to ¥40,398 million, mainly due to increases in notes and accounts payable and short- and long-term borrowings, despite a decrease in electronically recorded obligations. Net assets increased by ¥226 million (0.6%) from the end of the previous fiscal year to ¥35,875 million due to increases in retained earnings and the valuation difference on available-for-sale securities, despite a decrease resulting from the acquisition of treasury shares. The equity ratio decreased by 2.2 percentage points from the end of the previous fiscal year to 47.0%.」

「At the end of the first quarter, total assets increased by ¥2,280 million (3.1%) from the end of the previous fiscal year to ¥74,746 million, mainly due to increases in notes and accounts receivable and merchandise and finished goods, despite a decrease in raw materials and supplies. Liabilities increased by ¥1,927 million (5.2%) from the end of the previous fiscal year to ¥38,745 million, mainly due to increases in notes and accounts payable and other current liabilities, despite a decrease in provision for bonuses. Net assets increased by ¥352 million (1.0%) from the end of the previous fiscal year to ¥36,001 million due to increases in retained earnings and the valuation difference on available-for-sale securities. The equity ratio decreased by 1.0 percentage point from the end of the previous fiscal year to 48.2%.」

「Although buildings, net decreased, total assets increased by ¥3,131 million (4.5%) from the end of the previous fiscal year to ¥72,466 million, mainly due to increases in cash and deposits, accounts receivable, merchandise and finished goods, raw materials and supplies, and construction in progress. Liabilities increased by ¥2,015 million (5.8%) from the end of the previous fiscal year to ¥36,817 million, mainly due to increases in electronically recorded obligations and bills payable for equipment, despite a decrease in current portion of long-term borrowings. Net assets increased by ¥1,116 million (3.2%) from the end of the previous fiscal year to ¥35,649 million, mainly due to increases in retained earnings and the valuation difference on available-for-sale securities, despite a decrease resulting from the acquisition of treasury shares. The equity ratio was 49.2%.」

「At the end of the third quarter, total assets increased by ¥3,659 million (5.3%) from the end of the previous fiscal year to ¥72,994 million, mainly due to increases in cash and deposits, notes and accounts receivable, and raw materials and supplies, despite a decrease in buildings and structures, net. Liabilities increased by ¥2,624 million (7.5%) from the end of the previous fiscal year to ¥37,426 million, mainly due to increases in notes and accounts payable, electronically recorded obligations, and short- and long-term borrowings, despite a decrease in provision for bonuses. Net assets increased by ¥1,035 million (3.0%) from the end of the previous fiscal year to ¥35,567 million, mainly due to increases in retained earnings and the valuation difference on available-for-sale securities, despite a decrease resulting from the acquisition of treasury shares. The equity ratio decreased by 1.1 percentage points from the end of the previous fiscal year to 48.7%.」

「At the end of the second quarter, total assets increased by ¥1,918 million (2.8%) from the end of the previous fiscal year to ¥71,252 million, mainly due to increases in cash and deposits, notes and accounts receivable, and raw materials and supplies, despite a decrease in investments and other assets. Liabilities increased by ¥1,348 million (3.9%) from the end of the previous fiscal year to ¥36,150 million, mainly due to increases in electronically recorded obligations and long-term borrowings, despite a decrease in notes and accounts payable. Net assets increased by ¥570 million (1.7%) from the end of the previous fiscal year to ¥35,102 million, mainly due to an increase in retained earnings, despite a decrease in the valuation difference on available-for-sale securities. The equity ratio decreased by 0.5 percentage points from the end of the previous fiscal year to 49.3%.」

「At the end of the first quarter, total assets increased by ¥2,139 million (3.1%) from the end of the previous fiscal year to ¥71,474 million, mainly due to increases in cash and deposits and notes and accounts receivable, despite a decrease in investments and other assets. Liabilities increased by ¥1,916 million (5.5%) from the end of the previous fiscal year to ¥36,719 million, mainly due to increases in short- and long-term borrowings and other current liabilities, despite a decrease in provision for bonuses. Net assets increased by ¥222 million (0.6%) from the end of the previous fiscal year to ¥34,755 million, mainly due to an increase in retained earnings, despite a decrease in the valuation difference on available-for-sale securities. The equity ratio decreased by 1.2 percentage points from the end of the previous fiscal year to 48.6%.」

「Although construction in progress increased, total assets decreased by ¥542 million (0.8%) from the end of the previous fiscal year to ¥69,334 million, mainly due to a decrease in machinery and equipment, net. Liabilities decreased by ¥1,391 million (3.8%) from the end of the previous fiscal year to ¥34,802 million, mainly due to decreases in notes payable, accrued income taxes and long-term borrowings, despite an increase in electronically recorded obligations. Net assets increased by ¥849 million (2.5%) from the end of the previous fiscal year to ¥34,532 million, mainly due to an increase in retained earnings, despite a decrease in the valuation difference on available-for-sale securities. The equity ratio was 49.8%.」

「At the end of the third quarter, total assets increased ¥1,077 million, or 1.5%, from the end of the previous fiscal year to ¥70,954 million, despite decreases in merchandise and finished goods and buildings and structures, net, mainly due to increases in cash and deposits and notes and accounts receivable, net. Liabilities increased ¥172 million, or 0.5%, to ¥36,366 million, despite decreases in income taxes payable and provision for bonuses, mainly due to an increase in electronically recorded obligations. Net assets increased ¥904 million, or 2.7%, to ¥34,588 million, despite a decrease in valuation differences on available-for-sale securities, owing to an increase in retained earnings. The equity ratio was 48.7%, up 0.5 percentage points from the end of the previous fiscal year.」

「At the end of the second quarter, total assets increased ¥698 million, or 1.0%, from the end of the previous fiscal year to ¥70,575 million, despite decreases in merchandise and finished goods and buildings and structures, net, mainly due to an increase in cash and deposits. Liabilities increased ¥32 million, or 0.1%, to ¥36,225 million, despite a decrease in notes and accounts payable, mainly due to an increase in electronically recorded obligations. Net assets increased ¥666 million, or 2.0%, to ¥34,349 million, despite a decrease in valuation differences on available-for-sale securities, owing to an increase in retained earnings. The equity ratio was 48.7%, up 0.5 percentage points from the end of the previous fiscal year.」

「At the end of the first quarter, total assets decreased ¥190 million, or 0.3%, from the end of the previous fiscal year to ¥69,686 million, despite an increase in other current assets, mainly due to decreases in merchandise and finished goods and investments and other assets. Liabilities decreased ¥256 million, or 0.7%, to ¥35,936 million, despite an increase in electronically recorded obligations, mainly due to decreases in notes and accounts payable. Net assets increased ¥66 million, or 0.2%, to ¥33,749 million, despite a decrease in valuation differences on available-for-sale securities, owing to an increase in retained earnings. The equity ratio was 48.4%, up 0.2 percentage points from the end of the previous fiscal year.」

「At fiscal year-end, total assets increased ¥722 million, or 1.0%, from the end of the previous fiscal year to ¥69,876 million, despite a decrease in machinery and equipment, mainly due to increases in accounts receivable, net, and merchandise and finished goods. Liabilities decreased ¥658 million, or 1.8%, to ¥36,193 million, despite an increase in electronically recorded obligations, mainly due to a decrease in notes payable. Net assets increased ¥1,381 million, or 4.3%, to ¥33,683 million, owing to increases in retained earnings and valuation differences on available-for-sale securities. The equity ratio was 48.2%.」

「At the end of the third quarter, total assets increased ¥3,019 million, or 4.4%, from the end of the previous fiscal year to ¥72,173 million, despite a decrease in buildings and structures, net, mainly due to increases in cash and deposits and notes and accounts receivable, net. Liabilities increased ¥1,774 million, or 4.8%, to ¥38,625 million, despite a decrease in notes and accounts payable, mainly due to increases in electronically recorded obligations and other current liabilities. Net assets increased ¥1,245 million, or 3.9%, to ¥33,547 million, owing to increases in retained earnings and valuation differences on available-for-sale securities. The equity ratio was 46.5%, down 0.2 percentage points from the end of the previous fiscal year.」

「At the end of the second quarter, total assets increased ¥1,953 million, or 2.8%, from the end of the previous fiscal year to ¥71,106 million, despite a decrease in buildings and structures, net, mainly due to increases in cash and deposits and notes and accounts receivable. Liabilities increased ¥734 million, or 2.0%, to ¥37,586 million, despite a decrease in notes and accounts payable, mainly due to increases in electronically recorded obligations and income taxes payable. Net assets increased ¥1,218 million, or 3.8%, to ¥33,520 million, owing to increases in retained earnings and valuation differences on available-for-sale securities. The equity ratio was 47.1%, up 0.4 percentage points from the end of the previous fiscal year.」

「At the end of the first quarter, total assets increased ¥653 million, or 0.9%, from the end of the previous fiscal year to ¥69,807 million, despite a decrease in buildings and structures, net, mainly due to an increase in notes and accounts receivable. Liabilities increased ¥31 million, or 0.1%, to ¥36,883 million, despite a decrease in long-term borrowings, mainly due to an increase in other current liabilities. Net assets increased ¥621 million, or 1.9%, to ¥32,923 million, owing to increases in retained earnings and valuation differences on available-for-sale securities. The equity ratio was 47.2%, up 0.5 percentage points from the end of the previous fiscal year.」

「At fiscal year-end, total assets decreased ¥2,533 million, or 3.5%, from the end of the previous fiscal year to ¥69,153 million, despite an increase in machinery and equipment, mainly due to decreases in accounts receivable and construction in progress. Liabilities decreased ¥1,992 million, or 5.1%, to ¥36,851 million, despite an increase in notes payable, mainly due to decreases in accounts payable and long-term borrowings. Net assets decreased ¥540 million, or 1.6%, to ¥32,302 million, despite an increase in retained earnings, mainly due to a decrease in valuation differences on available-for-sale securities. The equity ratio was 46.7%.」

「At the end of the third quarter, total assets increased ¥24 million, or 0.0%, from the end of the previous fiscal year to ¥71,711 million, despite decreases in notes and accounts receivable and merchandise and finished goods, mainly due to an increase in cash and deposits. Liabilities increased ¥104 million, or 0.3%, to ¥38,949 million, despite decreases in income taxes payable and provision for bonuses, mainly due to an increase in notes and accounts payable. Net assets decreased ¥80 million, or 0.2%, to ¥32,761 million, despite an increase in retained earnings, mainly due to a decrease in valuation differences on available-for-sale securities. The equity ratio was 45.7%, down 0.1 percentage points from the end of the previous fiscal year.」

「At the end of the second quarter, total assets decreased ¥1,615 million, or 2.3%, from the end of the previous fiscal year to ¥70,072 million, despite an increase in cash and deposits, mainly due to decreases in notes and accounts receivable and merchandise and finished goods. Liabilities decreased ¥1,493 million, or 3.8%, to ¥37,350 million, despite an increase in long-term borrowings, mainly due to a decrease in notes and accounts payable. Net assets decreased ¥121 million, or 0.4%, to ¥32,721 million, despite an increase in retained earnings, mainly due to a decrease in valuation differences on available-for-sale securities. The equity ratio was 46.7%, up 0.9 percentage points from the end of the previous fiscal year.」

「At the end of the first quarter, total assets decreased ¥532 million, or 0.7%, from the end of the previous fiscal year to ¥71,154 million, despite an increase in cash and deposits, mainly due to decreases in merchandise and finished goods and investments and other assets. Liabilities decreased ¥367 million, or 0.9%, to ¥38,477 million, despite an increase in short-term borrowings, mainly due to decreases in notes and accounts payable and provision for bonuses. Net assets decreased ¥165 million, or 0.5%, to ¥32,677 million, mainly due to a decrease in valuation differences on available-for-sale securities. The equity ratio was 45.9%, up 0.1 percentage points from the end of the previous fiscal year.」

「At fiscal year-end, total assets increased ¥1,498 million, or 2.1%, from the end of the previous fiscal year to ¥71,687 million, despite decreases in buildings, machinery and equipment, mainly due to increases in merchandise and finished goods and construction in progress. Liabilities increased ¥1,235 million, or 3.3%, to ¥38,844 million, despite a decrease in provision for retirement benefits, mainly due to increases in accounts payable and long-term borrowings. Net assets increased ¥262 million, or 0.8%, to ¥32,842 million, owing to increases in retained earnings and valuation differences on available-for-sale securities. The equity ratio was 45.8%.」

「At the end of the third quarter, total assets increased ¥2,554 million, or 3.6%, from the end of the previous fiscal year to ¥72,742 million, despite decreases in buildings and structures, net, and investments and other assets, mainly due to increases in cash and deposits and notes and accounts receivable. Liabilities increased ¥2,557 million, or 6.8%, to ¥40,166 million, despite a decrease in provision for bonuses, mainly due to increases in notes and accounts payable, short-term borrowings and long-term borrowings. Net assets decreased ¥3 million, or 0.0%, to ¥32,576 million, despite an increase in retained earnings, mainly due to a decrease in valuation differences on available-for-sale securities. The equity ratio was 44.8%, down 1.6 percentage points from the end of the previous fiscal year.」

「At the end of the second quarter, total assets increased ¥2,732 million, or 3.9%, from the end of the previous fiscal year to ¥72,920 million, despite decreases in notes and accounts receivable, mainly due to increases in cash and deposits and merchandise and finished goods. Liabilities increased ¥2,480 million, or 6.6%, to ¥40,088 million, despite decreases in electronically recorded obligations, mainly due to increases in notes and accounts payable and long-term borrowings. Net assets increased ¥251 million, or 0.8%, to ¥32,831 million, owing mainly to increases in retained earnings and valuation differences on available-for-sale securities. The equity ratio was 45.0%, down 1.4 percentage points from the end of the previous fiscal year.」

「At the end of the first quarter, total assets increased ¥1,206 million, or 1.7%, from the end of the previous fiscal year to ¥71,395 million, despite decreases in notes and accounts receivable, mainly due to increases in cash and deposits and merchandise and finished goods.」

「At fiscal year-end, total assets increased ¥1,400 million, or 2.0%, from the end of the previous fiscal year to ¥70,188 million, despite decreases in buildings, machinery and equipment, among others, mainly due to increases in cash and deposits, accounts receivable and construction in progress. Liabilities increased ¥1,365 million, or 3.8%, to ¥37,608 million, despite decreases in accounts payable, mainly due to increases in the current portion of long-term borrowings, equipment-related notes payable and long-term borrowings. Net assets increased ¥34 million, or 0.1%, to ¥32,579 million, owing to increases in retained earnings and valuation differences on available-for-sale securities, despite the decrease resulting from the acquisition of treasury shares and other factors. The equity ratio was 46.4%.」

「At the end of the third quarter, total assets were ¥71,030 million, up ¥2,241 million, or 3.3%, from the end of the previous fiscal year. Liabilities were ¥38,328 million, up ¥2,085 million, or 5.8%, while net assets were ¥32,701 million, up ¥156 million, or 0.5%. The equity ratio was 46.0%, down 1.3 percentage points from the end of the previous fiscal year.」

「At the end of the second quarter, total assets were ¥70,937 million, up ¥2,148 million, or 3.1%, from the end of the previous fiscal year. Liabilities were ¥38,874 million, up ¥2,631 million, or 7.3%, while net assets were ¥32,062 million, down ¥482 million, or 1.5%. The equity ratio was 45.2%, down 2.1 percentage points from the end of the previous fiscal year.」

「At the end of the first quarter, total assets were ¥69,481 million, up ¥692 million, or 1.0%, from the end of the previous fiscal year. Liabilities were ¥37,033 million, up ¥790 million, or 2.2%, while net assets were ¥32,447 million, down ¥97 million, or 0.3%. The equity ratio was 46.7%, down 0.6 percentage points from the end of the previous fiscal year.」