Consolidated Financial Statements (1) Consolidated Balance Sheets （Unit: thousands of yen）
As of February 28, 2014 Assets Current assets Cash and deposits Notes and accounts receivable-trade Deferred tax assets Advances paid Other Allowance for doubtful accounts Total current assets Noncurrent assets Property, plant and equipment Accumulated depreciation Total property, plant and equipment Intangible assets Investments and other assets Investment securities Deferred tax assets Guarantee deposits Other Allowance for doubtful accounts Total investments and other assets Total noncurrent assets Total assets Liabilities Current liabilities Accounts payable-trade Income taxes payable Provision for bonuses Provision for directors' bonuses Deposits received Other Total current liabilities Noncurrent liabilities Provision for retirement benefits Net defined benefit liability Provision for directors' retirement benefits Deferred tax liabilities Other Total noncurrent liabilities Total liabilities
As of February 28, 2015
3,237,043 1,239,622 42,078 529,410 84,057 (10,893) 5,121,318
3,557,053 1,662,352 60,541 1,065,541 94,754 (16,944) 6,423,248
138,680 (70,663) 68,016 83,793
172,397 (96,787) 75,609 105,220
10,018 3,823 155,127 5,137 (211) 173,895 325,706 5,447,024
8,933 － 191,112 4,789 (55) 204,780 385,610 6,808,858
749,855 172,454 47,745 22,600 120,140 119,692 1,232,488
967,802 389,320 62,565 18,200 120,588 173,537 1,732,014
145,531 － 37,600 － 20,612 203,744 1,436,233
－ 172,961 43,320 38,701 14,445 269,428 2,001,442
（Unit: thousands of yen）
As of February 28, 2014 Net assets Shareholders' equity Capital stock Capital surplus Retained earnings Treasury stock Total shareholders' equity Valuation and translation adjustments Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Total valuation and translation adjustments Minority interests Total net assets Total liabilities and net assets
As of February 28, 2015
271,140 221,590 3,369,574 (67,928) 3,794,376
271,140 221,590 4,013,324 (67,928) 4,438,126
434 (1,599) 204,092 202,927 13,486 4,010,791 5,447,024
(1,809) － 353,750 351,940 17,347 4,807,415 6,808,858
(2) Consolidated Statements of Income and Consolidated Statement of Comprehensive Income
Consolidated Statements of Income （Unit: thousands of yen）
From March 1,2013 to February 28, 2014 Operating revenue Transportation operating revenue Total operating revenue Operating cost Transportation operating cost Total operating cost Operating gross profit Selling, general and administrative expenses Operating income Non-operating income Interest income Insurance income Commission fee Foreign exchange gains Subsidy income Other Total non-operating income Non-operating expenses Interest expenses Other Total non-operating expenses Ordinary income Extraordinary loss Loss on retirement of noncurrent assets Total extraordinary losses Income before income taxes Income taxes-current Income taxes-deferred Total income taxes Income before minority interests Minority interests in income (loss) Net income
From March 1,2014 to February 28, 2015
19,126,668 19,126,668
21,939,879 21,939,879
14,808,057 14,808,057 4,318,611 2,931,102 1,387,508
16,903,507 16,903,507 5,036,372 3,388,343 1,648,029
12,882 1,516 4,906 12,986 5,444 7,815 45,551
9,433 6,646 5,923 3,628 5,803 8,073 39,508
388 634 1,023 1,432,036
378 5 384 1,687,153
368 368 1,431,668 484,506 47,113 531,620 900,048 (3,734) 903,782
2,548 2,548 1,684,605 631,610 24,746 656,356 1,028,248 2,225 1,026,022
Consolidated Statement of Comprehensive Income （Unit: thousands of yen）
From March 1,2013 to February 28, 2014 Income before minority interests
900,048
From March 1,2014 to February 28, 2015 1,028,248
Other comprehensive income Valuation difference on available-for-sale securities Deferred gains or losses on hedges Foreign currency translation adjustment Total other comprehensive income Comprehensive income
1,076 (2,449) 203,508
(2,244) 1,599 151,293
202,135
150,648
1,102,184
1,178,897
1,104,593
1,175,035
（Breakdown) Comprehensive income attributable to owners of the parent Comprehensive income attributable to minority interests
(2,409)
3,861
(3) Consolidated Statement of Changes in Net Assets （Unit: thousands of yen）
From March 1,2013 to February 28, 2014
From March 1,2014 to February 28, 2015
Shareholders' equity Capital stock Balance at the beginning of current period
271,140
271,140
Changes of items during the period Total changes of items during the period Balance at the end of current period
－
－
271,140
271,140
221,590
221,590
Capital surplus Balance at the beginning of current period Changes of items during the period Total changes of items during the period Balance at the end of current period
－
－
221,590
221,590
2,771,610
3,369,574
Retained earnings Balance at the beginning of current period Changes of items during the period Dividends from surplus Net income Total changes of items during the period Balance at the end of current period
(305,818) 903,782
(382,272) 1,026,022
597,964
643,750
3,369,574
4,013,324
Treasury stock Balance at the beginning of current period
(67,928)
(67,928)
Changes of items during the period Total changes of items during the period Balance at the end of current period
－
－
(67,928)
(67,928)
Total shareholders' equity Balance at the beginning of current period
3,196,412
3,794,376
Changes of items during the period Dividends from surplus Net income Total changes of items during the period Balance at the end of current period
(305,818) 903,782
(382,272) 1,026,022
597,964
643,750
3,794,376
4,438,126
（Unit: thousands of yen）
From March 1,2012 to February 28, 2013
From March 1,2014 to February 28, 2015
Valuation and translation adjustments Valuation difference on available-for-sale securities Balance at the beginning of current period
(641)
434
Changes of items during the period Net changes of items other than shareholders' equity
1,076
(2,244)
Total changes of items during the period
1,076
(2,244)
434
(1,809)
849
(1,599)
Balance at the end of current period Deferred gains or losses on hedges Balance at the beginning of current period Changes of items during the period Net changes of items other than shareholders' equity
(2,449)
1,599
Total changes of items during the period
(2,449)
1,599
Balance at the end of current period
(1,599)
－
Foreign currency translation adjustment Balance at the beginning of current period
1,908
204,092
Changes of items during the period Net changes of items other than shareholders' equity
202,184
149,657
Total changes of items during the period
202,184
149,657
204,092
353,750
2,116
202,927
Balance at the end of current period Total valuation and translation adjustments Balance at the beginning of current period Changes of items during the period Net changes of items other than shareholders' equity
200,811
149,012
Total changes of items during the period
200,811
149,012
202,927
351,940
15,896
13,486
Balance at the end of current period Minority interests Balance at the beginning of current period Changes of items during the period Net changes of items other than shareholders' equity
(2,409)
3,861
Total changes of items during the period
(2,409)
3,861
13,486
17,347
3,214,425
4,010,791
Balance at the end of current period Total net assets Balance at the beginning of current period Changes of items during the period Dividends from surplus Net income
(305,818) 903,782
(382,272) 1,026,022
Net changes of items other than shareholders' equity
198,401
152,874
Total changes of items during the period
796,365
796,624
4,010,791
4,807,415
Balance at the end of current period
(4) Consolidated Statement of Cash Flows （Unit: thousands of yen）
From March 1,2013 to February 28, 2014
From March 1,2014 to February 28, 2015
Net cash provided by (used in) operating activities Income before income taxes Depreciation and amortization Increase (decrease) in allowance for doubtful accounts
1,431,668
1,684,605
44,799
59,129
2,372
5,945
10,107
14,820
Increase (decrease) in provision for directors' bonuses
1,900
(4,400)
Increase (decrease) in provision for retirement benefits
21,537
Increase (decrease) in provision for bonuses
Increase (decrease) in net defined benefit liability Increase (decrease) in provision for directors' retirement benefits Interest income Interest expenses Foreign exchange losses (gains)
－
－ 27,429
18,920
5,720
(12,882)
(9,433)
388 (2,306)
Loss on retirement of noncurrent assets
368
Increase (decrease) in deposits received
37,852
378 (2,644) 2,548 448
Decrease (increase) in notes and accounts receivable-trade
(257,209)
(422,574)
Decrease (increase) in advances paid
(165,591)
(536,130)
Increase (decrease) in notes and accounts payable-trade
133,207
217,946
Other, net
(22,640)
Subtotal Interest income received Interest expenses paid Income taxes paid Net cash provided by (used in) operating activities
27,867
1,242,491
1,071,656
13,413
9,579
(388)
(378)
(621,850)
(417,511)
633,665
663,345
Net cash provided by (used in) investing activities Payments into time deposits Proceeds from withdrawal of time deposits
(1,380,820)
(1,194,279)
1,390,113
1,198,001
Purchase of property, plant and equipment
(30,280)
(49,776)
Purchase of intangible assets
(25,907)
(46,684)
Purchase of investment securities
(2,578)
(2,400)
Payments for guarantee deposits
(31,584)
(32,285)
43,696
19,849
Proceeds from collection of guarantee deposits Other, net Net cash provided by (used in) investing activities
192 (37,169)
192 (107,383)
Net cash provided by (used in) financing activities Increase in short-term loans payable
840,000
1,400,000
Decrease in short-term loans payable
(840,000)
(1,400,000)
Repayments of lease obligations
(4,019)
(4,098)
Cash dividends paid
(305,766)
(382,405)
Net cash provided by (used in) financing activities
(309,785)
(386,503)
Effect of exchange rate change on cash and cash equivalents
205,815
154,274
Net increase (decrease) in cash and cash equivalents
492,525
323,732
Cash and cash equivalents at beginning of period
1,696,516
2,189,042
Cash and cash equivalents at end of period
2,189,042
2,512,774
