Consolidated Balance Sheets

(Million yen)
  FY2015 FY2016 FY2017
Assets
Current assets
Cash and deposits 7,106 8,825 13,268
Accounts receivable - trade 22 21 15
Real estate for sale 33,046 45,354 41,500
Real estate for sale in process 57 77 114
Deferred tax assets 294 339 394
Other 774 556 1,057
Allowance for doubtful accounts (9) (8) (10)
Total current assets 41,293 55,167 56,339
Non-current assets
Property, plant and equipment
Buildings 884 1,282 1,264
Accumulated depreciation (220) (260) (278)
Buildings, net 663 1,021 986
Land 960 1,413 1,326
Other 116 134 136
Accumulated depreciation (66) (68) (70)
Other, net 50 65 66
Total property, plant and equipment 1,674 2,500 2,379
Intangible assets
Leasehold right 55 55 55
Other 62 83 68
Total intangible assets 117 138 124
Investments and other assets
Deferred tax assets 106 230 177
Other 99 91 156
Total investments and other assets 206 321 334
Total non-current assets 1,998 2,961 2,837
Deferred assets
Bond issuance cost 16 35
Total deferred assets 16 35
Total assets 43,291 58,145 59,212
Liabilities
Current liabilities
Accounts payable - trade 721 621 523
Short-term loans payable 4,042 3,927 4,928
Current portion of bonds 180 530
Current portion of long-term loans payable 2,574 3,472 4,853
Income taxes payable 1,832 988 1,379
Provision for bonuses 63 45 72
Construction warranty reserve 34 56 58
Other 481 1,671 978
Total current liabilities 9,750 10,962 13,325
Non-current liabilities
Bonds payable 720 1,760
Long-term loans payable 21,899 30,021 23,969
Net defined benefit liability 56 69 81
Other 571 814 736
Total non-current liabilities 22,527 31,625 26,547
Total liabilities 32,277 42,588 39,872
Net assets
Shareholders' equity
Capital stock 1,586 2,549 2,549
Capital surplus 1,509 2,472 2,472
Retained earnings 7,869 10,442 14,208
Total shareholders' equity 10,966 15,464 19,340
Subscription rights to shares 47 92 110
Total net assets 11,013 15,557 19,230
Total liabilities and net assets 43,291 58,145 59,212
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