Lower Assets, Liabilities and Net Assets in FY2023-Q3

「At the end of the third quarter of the consolidated fiscal period, total assets decreased by ¥3,510 million from the end of the previous consolidated fiscal year to ¥1,025,068 million, total liabilities decreased by ¥2,903 million to ¥180,340 million, and total net assets decreased by ¥609 million to ¥844,727 million. The decrease in assets was attributable mainly to lower accounts receivable among notes and accounts receivable and contract assets, a decrease in securities following the redemption of public and corporate bonds, and a decline in the fair value of investment securities despite purchases of public and corporate bonds and other instruments. The decrease in liabilities was due to a decline in deferred tax liabilities associated with the decline in the fair value of investment securities, as well as a decrease in income taxes payable following payment. The decrease in net assets was attributable mainly to a decline in the valuation difference on available-for-sale securities associated with the decline in the fair value of investment securities.」