Asanuma : Non-consolidated financial statements for the Fiscal Year Ended March 31 , 2024

2.non-consolidated financial statements (1)Balance Sheet

		(Millions of yen)
	As of March 31, 2023	As of March 31, 2024
Assets
Current assets
Cash and deposits	8,914	8,778
Notes receivable - trade	548	1,324
Electronically recorded monetary claims -	2,774	2,982
operating
Accounts receivable from completed	52,525	54,669
construction contracts
Real estate for sale	30	30
Costs on construction contracts in	1,204	1,476
progress
Raw materials and supplies	29	39
Prepaid expenses	41	119
Accounts receivable - other	1,774	3,117
Other	371	684
Allowance for doubtful accounts	△11	△102
Total current assets	68,204	73,119
Non-current assets
Property, plant and equipment
Buildings	6,515	6,282
Accumulated depreciation	△3,529	△3,465
Buildings, net	2,986	2,816
Structures	339	187
Accumulated depreciation	△239	△130
Structures, net	100	56
Machinery and equipment	192	65
Accumulated depreciation	△178	△56
Machinery and equipment, net	14	9
Vehicles	55	35
Accumulated depreciation	△48	△31
Vehicles, net	6	4
Tools, furniture and fixtures	1,653	1,555
Accumulated depreciation	△1,284	△1,214
Tools, furniture and fixtures, net	369	341
Land	1,607	1,461
Leased assets	12	17
Accumulated depreciation	△2	△5
Leased assets, net	10	12
Total property, plant and equipment	5,094	4,702
Intangible assets
Patent right	0	0
Leasehold interests in land	43	43
Trademark right	2	2
Software	482	374
Software in progress	256	435
Other	54	2
Total intangible assets	839	858

		(Millions of yen)
	As of March 31, 2023	As of March 31, 2024
Investments and other assets
Investment securities	4,604	6,443
Shares of subsidiaries and associates	3,640	3,668
Long-termnon-operating accounts	845	1,007
receivable
Long-term loans receivable from	123	110
subsidiaries and associates
Long-term prepaid expenses	11	32
Prepaid pension costs	1,575	1,704
Deferred tax assets	879	708
Membership and admission charge	133	127
Other	481	493
Allowance for doubtful accounts	△515	△515
Total investments and other assets	11,778	13,781
Total non-current assets	17,713	19,343
Total assets	85,917	92,463
Liabilities
Current liabilities
Accounts payable for construction	13,708	15,765
contracts
Short-term borrowings	1,460	6,460
Current portion of long-term borrowings	－	4,300
Current portion of bonds payable	－	1,040
Accounts payable - other	133	81
Accrued expenses	434	1,092
Income taxes payable	1,350	2,009
Accrued consumption taxes	3,953	660
Advances received on construction	3,924	3,951
contracts in progress
Deposits received	1,778	1,405
Suspense receipt of consumption taxes	4,456	4,229
Provision for warranties for completed	573	614
construction
Provision for loss on construction	38	319
contracts
Other	1	2
Total current liabilities	31,813	41,932
Non-current liabilities
Bonds payable	1,640	600
Long-term borrowings	5,000	700
Provision for retirement benefits	4,306	4,214
Other	110	89
Total non-current liabilities	11,057	5,604
Total liabilities	42,871	47,537

		(Millions of yen)
	As of March 31, 2023	As of March 31, 2024
Net assets
Shareholders' equity
Share capital	9,614	9,614
Capital surplus
Legal capital surplus	2,165	2,165
Other capital surplus	20	37
Total capital surplus	2,186	2,202
Retained earnings
Legal retained earnings	568	568
Other retained earnings
Reserve for tax purpose reduction	279	274
entry of non-current assets
Retained earnings brought forward	29,367	29,932
Total retained earnings	30,215	30,775
Treasury shares	△73	△64
Total shareholders' equity	41,942	42,528

Valuation and translation adjustments Valuation difference on available-for- sale securities

Total valuation and translation adjustments

Total net assets

Total liabilities and net assets

1,103	2,398
1,103	2,398
43,046	44,926
85,917	92,463

(2)Statement of Income

		(Millions of yen)
	Fiscal year ended	Fiscal year ended
	March 31, 2023	March 31, 2024
Net sales
Net sales of completed construction	132,247	141,737
contracts
Sales in other businesses	553	419
Total net sales	132,800	142,156
Cost of sales
Cost of sales of completed construction	119,286	130,490
contracts
Cost of sales in other businesses	319	291
Total cost of sales	119,606	130,782
Gross profit
Gross profit on completed construction	12,961	11,246
contracts
Gross profit - other business	233	128
Total gross profit	13,194	11,374
Selling, general and administrative expenses
Remuneration for directors (and other	210	196
officers)
Employees' salaries and allowances	3,570	4,105
Retirement benefit expenses	162	139
Legal welfare expenses	559	640
Welfare expenses	83	76
Repair and maintenance expenses	145	153
Stationery expenses	441	365
Communication and transportation expenses	280	303
Power utilities expenses	47	43
Research study expenses	126	116
Advertising expenses	27	33
Provision of allowance for doubtful accounts	△10	1
Entertainment expenses	144	163
Donations	122	118
Rent expenses	1,187	1,237
Depreciation	265	241
Taxes and dues	328	448
Insurance expenses	21	23
Miscellaneous expenses	773	661
Total selling, general and administrative	8,490	9,068
expenses
Operating profit	4,704	2,305

		(Millions of yen)
	Fiscal year ended	Fiscal year ended
	March 31, 2023	March 31, 2024
Non-operating income
Interest income	4	19
Interest on securities	0	0
Dividend income	129	215
Foreign exchange gains	163	207
late charges income	－	75
Other	119	109
Total non-operating income	416	628
Non-operating expenses
Interest expenses	85	114
Guarantee commission	42	38
Commission expenses	106	107
Provision of allowance for doubtful accounts	－	90
Other	7	14
Total non-operating expenses	242	365
Ordinary profit	4,878	2,568
Extraordinary income
Gain on sale of non-current assets	759	2,818
Other	0	0
Total extraordinary income	759	2,819
Extraordinary losses
Loss on sale of non-current assets	－	4
Loss on retirement of non-current assets	1	2
Impairment losses	145	84
Loss on valuation of investment securities	13	15
Loss on valuation of other investments	10	－
Loss on valuation of membership	－	6
Total extraordinary losses	171	113
Profit before income taxes	5,466	5,274
Income taxes - current	1,857	2,015
Income taxes - deferred	1	△380
Total income taxes	1,859	1,634
Profit	3,607	3,639

(3)Non-consolidated Statement of Changes in Net Assets Curent fiscal year (From April 1,2022 to March 31,2023)

									(Millions of yen)
					Shareholders' equity
		Capital surplus				Retained earnings
								Other retained earnings
	Share
	Legal	Other		Total	Legal	Reserve for		Total
	capital		tax purpose	Retained
	capital	capital		capital	retained	retained
			reduction	earnings
		surplus	surplus		surplus	earnings	earnings
			entry of	brought
								non-current	forward
								assets
Balance at beginning of	9,614	2,165	13			2,178	568	284	28,684	29,537
period
Changes during period
Reversal of reserve for
tax purpose reduction						－		△5	5	－
entry of non-current
assets
Provision of legal						－				－
retained earnings
Dividends of surplus						－			△2,929	△2,929
Profit						－			3,607	3,607
Purchase of treasury						－				－
shares
Restricted stock			7			7				－
payment
Net changes in items
other than						－				－
shareholders' equity
Total changes during	－	－	7			7	－	△5	683	677
period
Balance at end of period	9,614	2,165	20			2,186	568	279	29,367	30,215
	Shareholders' equity	Valuation and translation adjustments
						Total net
	Treasury	Total	Valuation		Total valuation and
	shareholders	difference on	translation	assets
	shares	available-for-sale
		' equity	securities		adjustments
Balance at beginning of	△27	41,304			996		996	42,300
period
Changes during period
Reversal of reserve for
tax purpose reduction		－					－	－
entry of non-current
assets
Provision of legal		－					－	－
retained earnings
Dividends of surplus		△2,929					－	△2,929
Profit		3,607					－	3,607
Purchase of treasury	△102	△102					－	△102
shares
Restricted stock	55	63					－	63
payment
Net changes in items
other than		－			107		107	107
shareholders' equity
Total changes during	△46	638			107		107	746
period
Balance at end of period	△73	41,942	1,103		1,103	43,046

Curent fiscal year (From April 1,2023 to March 31,2024)

									(Millions of yen)
					Shareholders' equity
		Capital surplus				Retained earnings
								Other retained earnings
	Share
	Legal	Other		Total	Legal	Reserve for		Total
	capital		tax purpose	Retained
	capital	capital		capital	retained	retained
			reduction	earnings
		surplus	surplus		surplus	earnings	earnings
			entry of	brought
								non-current	forward
								assets
Balance at beginning of	9,614	2,165	20			2,186	568	279	29,367	30,215
period
Changes during period
Reversal of reserve for
tax purpose reduction						－		△5	5	－
entry of non-current
assets
Provision of legal						－				－
retained earnings
Dividends of surplus						－			△3,080	△3,080
Profit						－			3,639	3,639
Purchase of treasury						－				－
shares
Restricted stock			16			16				－
payment
Net changes in items
other than						－				－
shareholders' equity
Total changes during	－	－	16			16	－	△5	565	559
period
Balance at end of period	9,614	2,165	37			2,202	568	274	29,932	30,775
	Shareholders' equity	Valuation and translation adjustments
						Total net
	Treasury	Total	Valuation		Total valuation and
	shareholders	difference on	translation	assets
	shares	available-for-sale
		' equity	securities		adjustments
Balance at beginning of	△73	41,942	1,103		1,103	43,046
period
Changes during period
Reversal of reserve for
tax purpose reduction		－					－	－
entry of non-current
assets
Provision of legal		－					－	－
retained earnings
Dividends of surplus		△3,080					－	△3,080
Profit		3,639					－	3,639
Purchase of treasury	△162	△162					－	△162
shares
Restricted stock	171	188					－	188
payment
Net changes in items
other than		－	1,294		1,294	1,294
shareholders' equity
Total changes during	9	585	1,294		1,294	1,880
period
Balance at end of period	△64	42,528	2,398		2,398	44,926