Consolidated Balance Sheets

(Million yen)
  FY2016 FY2017 FY2018
Assets
Current assets
Cash and deposits 8,825 13,268 10,517
Accounts receivable - trade 21 15 22
Real estate for sale 45,354 41,500 51,635
Real estate for sale in process 77 114 87
Deferred tax assets 339 394 614
Other 556 1,057 1,067
Allowance for doubtful accounts (8) (10) (11)
Total current assets 55,167 56,339 63,934
Non-current assets
Property, plant and equipment
Buildings 1,282 1,264 1,295
Accumulated depreciation (260) (278) (334)
Buildings, net 1,021 986 960
Land 1,413 1,326 1,343
Other 134 136 148
Accumulated depreciation (68) (70) (86)
Other, net 65 66 61
Total property, plant and equipment 2,500 2,379 2,366
Intangible assets
Leasehold right 55 55 55
Other 83 68 28
Total intangible assets 138 124 83
Investments and other assets
Deferred tax assets 230 177 157
Other 91 156 181
Total investments and other assets 321 334 339
Total non-current assets 2,961 2,837 2,789
Deferred assets
Bond issuance cost 16 35 36
Total deferred assets 16 35 36
Total assets 58,145 59,212 66,760
Liabilities
Current liabilities
Accounts payable - trade 621 523 400
Short-term loans payable 3,927 4,928 3,213
Current portion of bonds 180 530 754
Current portion of long-term loans payable 3,472 4,853 4,142
Income taxes payable 988 1,379 1,359
Provision for bonuses 45 72 47
Construction warranty reserve 56 58 49
Other 1,671 978 567
Total current liabilities 10,962 13,325 10,532
Non-current liabilities
Bonds payable 720 1,760 1,694
Long-term loans payable 30,021 23,969 31,462
Net defined benefit liability 69 81 88
Other 814 736 876
Total non-current liabilities 31,625 26,547 34,121
Total liabilities 42,588 39,872 44,654
Net assets
Shareholders' equity
Capital stock 2,549 2,549 2,552
Capital surplus 2,472 2,472 2,475
Retained earnings 10,442 14,208 16,956
Treasury shares (0)
Total shareholders' equity 15,464 19,230 21,983
Subscription rights to shares 92 110 122
Total net assets 15,557 19,340 22,106
Total liabilities and net assets 58,145 59,212 66,760
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