FY2019-Q3 Increase in Total Assets, Decline in Net Assets and Lower Equity Ratio

「As a result, total assets increased by ¥1.155 billion from the end of the previous consolidated fiscal year to ¥58.101 billion. Liabilities increased by ¥1.267 billion to ¥27.332 billion, mainly due to increases in accounts payable and borrowings. Net assets decreased by ¥111 million to ¥30.768 billion, despite the recognition of quarterly net income attributable to owners of the parent of ¥16.1 billion, due mainly to a decrease in the valuation difference on other securities. Consequently, the equity ratio decreased by 1.2 percentage points from 53.3% at the end of the previous consolidated fiscal year to 52.1%.」