Strengthening the Operating Base through New Funeral Halls and Rebuilding Projects

「Against operating cash flow of ¥4.5 billion, acquisitions of property, plant and equipment amounted to ¥5.1 billion, meaning that capital investment could not be funded solely from operating cash flow.」

「This mainly reflected a decrease in funds due to ¥1,726 million in payments for the acquisition of property, plant and equipment associated with the construction of new facilities and renovation of existing facilities, as well as ¥100 million in payments for the acquisition of investment securities.」

「Total capital expenditures for the consolidated fiscal year were ¥2,427 million.」

「Capital expenditures for the consolidated fiscal year were carried out mainly by the holding company group, including the development of business systems, and totaled ¥1,195 million. Major investments by the holding company group included ¥181 million for the development of business systems, ¥119 million for the construction of the new 公益社 溝の口会館 and related work, and ¥116 million for renovations and related work at 公益社 千里会館.」

「Property, plant and equipment increased by ¥38 million, reflecting the net effect of an increase in construction in progress related mainly to investments in new venues and a decrease in property, plant and equipment due to ongoing depreciation. Investments and other assets decreased by ¥213 million due to a decrease in deferred tax assets, while intangible assets increased by ¥115 million due to the development of a core information system. As a result, fixed assets totaled ¥25,129 million, down ¥60 million from the end of the previous fiscal year.」

「This was mainly due to a decrease in cash resulting from ¥312 million in payments for the acquisition of property, plant and equipment related to construction of new venues and renovations of existing venues, and ¥71 million in payments for the acquisition of intangible assets related to the development of a new core information system and other projects.」

「The Company opened 3 venues in 2022: 公益社　平野会館 in Hirano Ward, Osaka, in September, and 葬仙　米原ホール in Yonago, Tottori, and タルイ会館　塩屋 in Tarumi Ward, Kobe, in December.」

「This was mainly due to a decrease in cash resulting from ¥353 million in payments for the acquisition of property, plant and equipment related to construction of new venues and renovations of existing venues, and ¥156 million in payments related to the development of a new core information system and other projects.」

「Property, plant and equipment amounted to ¥24,833 million, an increase of ¥341 million from the end of the previous fiscal year. This was mainly due to a ¥437 million increase in property, plant and equipment resulting from increases in buildings and structures and construction in progress related to new venue construction and other projects, and a ¥43 million increase in intangible assets due to an increase in software under construction related to IT investment, partly offset by a decrease in deferred tax assets under investments and other assets.」

「This was mainly due to a decrease in cash resulting from ¥816 million in payments for the acquisition of property, plant and equipment related to construction of new venues, renovations of existing venues and other projects.」

「Property, plant and equipment amounted to ¥24,562 million, an increase of ¥69 million from the end of the previous fiscal year. While depreciation, mainly of buildings and structures, progressed, property, plant and equipment increased by ¥141 million due to an increase in construction in progress related to new venues scheduled to open in fiscal 2021. Investments and other assets decreased by ¥118 million, mainly due to a decrease in deferred tax assets, among other factors.」

「Property, plant and equipment amounted to ¥24,462 million, a decrease of ¥147 million from the end of the previous consolidated fiscal year. This was mainly because property, plant and equipment increased by only ¥26 million, as depreciation of buildings and structures, lease assets and other property, plant and equipment progressed despite acquisitions centered on renovations of existing venues, while deferred tax assets decreased by ¥166 million.」

「This was mainly due to a decrease in cash resulting from ¥533 million in payments for the acquisition of property, plant and equipment related to renovations of existing venues and other projects.」

「Capital expenditures during the consolidated fiscal year were made primarily by the holding company group's companies, including renovation work at 公益社　富雄会館, and totaled ¥944 million.」

「This was mainly due to property, plant and equipment increasing by ¥156 million through acquisitions related to new openings and renovations of funeral venues, despite a decrease in land resulting from the sale of the former site of the main building of 公益社旧岸和田会館 and ongoing depreciation. This was more than offset by a ¥214 million decrease in investments and other assets, mainly due to a decrease in deferred tax assets.」

「This was mainly due to a decrease in cash resulting from ¥112 million in proceeds from the sale of property, plant and equipment, namely the former site of the main building of 公益社旧岸和田会館, while payments of ¥415 million for the acquisition of property, plant and equipment related to new venue construction and renovations of existing venues were made.」

「During the fiscal year, we proceeded with new funeral hall openings to expand the operating area of the funeral services business, one of our basic policies. As a result, we opened 2 halls, Kōeki Sha Korien Kaikan (Neyagawa, Osaka) in April 2019 and Tarui Kaikan Kitaokubo (Akashi, Hyogo) in June.」

「Capital expenditures during the consolidated fiscal year were made primarily by the holding company group's companies, including construction of the new 公益社　上板橋会館, and totaled ¥1,251 million.」

「This was mainly due to a ¥341 million increase in construction in progress related to new venues, while deferred tax assets decreased by ¥477 million.」

「Property, plant and equipment amounted to ¥24,581 million, an increase of ¥119 million from the end of the previous consolidated fiscal year. This was mainly due to a ¥341 million increase in construction in progress related to new venues and other projects, while deferred tax assets decreased by ¥113 million.」

「With the opening of the new 公益社　枚方会館 in August 2017 and the subsequent completion of demolition work on the former facility, the project to newly construct and renovate, through rebuilding, the large, aging venues, including 枚方 as well as 天神橋 and 西宮山手, was completed.」

「The rebuilding and newly constructed and renovated reopening of 公益社　枚方会館 in August 2017 completed the renovation of 公益社's large funeral venues, as its core company.」

「As part of its infrastructure development, the Company proceeded with venue renovations, primarily at large venues that had aged, and newly constructed and renovated and reopened 公益社　枚方会館 in Hirakata, Osaka, in August 2017.」

「As part of its infrastructure development, the Company scheduled the newly constructed and renovated reopening, through rebuilding, of 公益社　枚方会館 in Hirakata, Osaka, a flagship venue in northeastern Osaka that had been in operation for 37 years, for August of the same year.」

「As part of completing its infrastructure development, the Company newly constructed and renovated and reopened タルイ会館　大蔵谷 in July 2016 and 公益社　西宮山手会館 in August 2016. It also fully renovated and reopened 葬仙　米子葬祭会館 in August 2016.」

「As part of completing its infrastructure development, the Company newly constructed and renovated and reopened タルイ会館　大蔵谷 in Akashi, Hyogo, in July 2016. It also carried out a full renovation of 葬仙　米子葬祭会館 in Yonago, Tottori, and reopened it. In addition, the newly constructed and renovated reopening of 公益社　西宮山手会館 in Nishinomiya, Hyogo, was scheduled for August.」

「The Company newly opened 3 venues, 公益社　西大寺会館 in Nara, Nara, in September 2015, 公益社　六甲道会館 in Nada Ward, Kobe, in January 2016, and 公益社　甲南山手会館 in Higashinada Ward, Kobe, in March 2016. It also newly constructed and reopened 公益社　天神橋会館 in Kita Ward, Osaka, in June 2015, and is proceeding with plans to newly construct and renovate 公益社　西宮山手会館 in Nishinomiya, Hyogo, and 公益社　枚方会館 in Hirakata, Osaka, among others.」