Balance Sheets-2

since 2001

(Millions of yen)

	As of May 31, 2022	As of May 31, 2023
LIABILITIES
Current liabilities
Accounts payable-trade	8,735	7,427
Short-term loans payable	9,611	10,296
Lease obligations	411	383
Accounts payable-other	10,523	10,334
Accrued expenses	16,016	17,009
Income taxes payable	5,877	3,061
Accrued consumption taxes	5,250	4,482
Contract liabilities	8,453	7,488
Deposit received	13,051	78,690
Provision for bonuses	4,741	4,667
Provision for directors' bonuses	19	26
Asset retirement obligations	43	17
Other	819	897
Total current liabilities	83,555	144,783
Non-current liabilities
Bonds payable	3,810	3,224
Long-term loans payable	38,779	43,505
Lease obligations	554	924
Provision for directors’ stock benefit	598	600
Provision for employees’ stock grant	571	566
Net defined benefit liability	2,300	2,409
Deferred tax liabilities	3,506	2,366
Asset retirement obligations	2,280	2,554
Other	643	2,945
Total non-current liabilities	53,044	59,096
Total liabilities	136,599	203,880
NET ASSETS
Shareholders' equity
Capital stock	5,000	5,000
Capital surplus	17,786	17,094
Retained earnings	28,238	32,941
Treasury shares	(2,378)	(2,378)
Total shareholders' equity	48,646	52,658
Other comprehensive income
Valuation difference on available-for-sale securities	1,131	853
Foreign currency translation adjustment	197	348
Remeasurements of defined benefit plans	10	138
Total other comprehensive income	1,339	1,340
Share acquisition rights	4	2
Non-controlling interests	17,155	17,622
Total net assets	67,146	71,624
Total liabilities and net assets	203,746	275,504