Financial Statements

FY 2017 Financial Statements

Consolidated financial statement

Consolidated balance sheet (March 31, 2018)

(Unit: ¥100 million)

Total assets

  • item
    amout
  • Highway assets in process
    1,962
  • Other current assets
    1,675
  • Total current assets
    3,638
  • Property, plant and equipment
    616
  • Intangible assets
    26
  • Investments and other assets
    26
  • Total fixed assets
    668
  • Total assets
    4,306

Total liabilities/net assets

  • item
    amout
  • Outstanding payments
    532
  • Other current liabilities
    312
  • Total current liabilities
    845
  • Corporate debenture related to road construction
    1,140
  • Long-term debt related to road construction
    1,272
  • Other fixed liabilities
    435
  • Total fixed liabilities
    2,847
    • Total liabilities
      3,692
    • Capital
      135
    • Capital surplus
      135
    • Earned surplus
      393
    • Other comprehensive income accumulated
      △53
    • Minority interests
      4
    • Total net assets
      614
  • Total liabilities and net assets
    4,306

Some amounts in the table above may not be fully accurate as fractional amounts under 100 million yen have been rounded down.

Individual financial statements

Balance sheet (March 31, 2018)

(Unit: ¥100 million)

Total assets

  • item
    amout
  • Highway assets in process
    1,955
  • Other current assets
    1,561
  • Total current assets
    3,516
  • Property, plant and equipment
    575
  • Intangible assets
    15
  • Investments and other assets
    23
  • Total fixed assets
    615
  • Total assets
    4,132

Total liabilities/net assets

  • item
    amout
  • Outstanding payments
    559
  • Other current liabilities
    273
  • Total current liabilities
    833
  • Corporate debenture related to road construction
    1,140
  • Long-term debt related to road construction
    1,272
  • Other fixed liabilities
    352
  • Total fixed liabilities
    2,764
    • Total liabilities
      3,598
    • Capital
      135
    • Capital surplus
      135
    • Earned surplus
      264
    • Total net assets
      534
  • Total liabilities and net assets
    4,132

Some amounts in the table above may not be fully accurate as fractional amounts under 100 million yen have been rounded down.

Consolidated profit and loss statement

(April 1, 2017 to March 31, 2018)

(Unit: ¥100 million)

  • item
    amout
  • Operating revenue
    4,460
  • Rent expenses on highway assets
    1,877
  • Administration costs of highway business and cost of sales
    2,475
  • Selling, general and administrative expenses
    104
  • Operating profit
    2
  • Non-operating income
    2
  • Non-operating expenses
    0
  • Ordinary profit
    4
  • Extraordinary profit
    158
  • Extraordinary loss
    2
  • Pretax profit of the current period
    161
  • Corporation tax and other taxes
    56
  • Net profit attributable to non-controlling interests 
    0
  • Net profit attributable to owners of the parent
    104

Some amounts in the table above may not be fully accurate as fractional amounts under 100 million yen have been rounded down.

Profit and loss statement

(April 1, 2017 to March 31, 2018)

(Unit: ¥100 million)

  • item
    amout
  • Toll revenue and other sales
    2,702
  • Highway asset completion sale
    1,440
  • Rent expenses on highway assets
    1,877
  • Highway asset completion cost
    1,440
  • Operating expenses
    851
  • Operating loss of the expressway business
    △26
  • Related business revenue
    278
  • Related business expenses
    273
  • Related business operating profit
    4
  • Operating loss of all businesses
    △21
  • Non-operating income
    10
  • Non-operating expenses
    0
  • Ordinary loss
    △11
  • Extraordinary profit
    158
  • Extraordinary loss
    2
  • Pretax net profit for the year
    144
  • Corporation tax and other taxes
    46
  • Net profit for the year
    97

Some amounts in the table above may not be fully accurate as fractional amounts under 100 million yen have been rounded down.

Record of Our Debt Issuance

No. 1
10 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 07/3/26
  • 12/3/19
  • 1.29%
  • -
  • -
  • -

No. 2
10 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 08/2/27
  • 12/12/20
  • 1.17%
  • -
  • -
  • -

No. 3
20 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 08/10/14
  • 13/9/20
  • 1.23%
  • -
  • -
  • -

No. 4
15 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 09/10/14
  • 14/9/19
  • 0.69%
  • -
  • -
  • -

No. 5
40 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 10/3/1
  • 14/12/19
  • 0.67%
  • -
  • -
  • -

No. 6
20 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 10/10/14
  • 15/9/24
  • 0.315%
  • -
  • -
  • -

No. 7
20 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 11/2/28
  • 15/12/18
  • 0.654%
  • -
  • -
  • -

No. 8
20 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 11/10/13
  • 16/9/20
  • 0.439%
  • -
  • -
  • -

No. 9
20 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 12/2/23
  • 16/12/20
  • 0.448%
  • -
  • -
  • -

No. 10
30 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 12/10/12
  • 17/9/20
  • 0.336%
  • AA+
  • A1
  • -

No. 11
35 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 13/2/27
  • 17/12/20
  • 0.279%
  • AA+
  • A1
  • -

No. 12
30 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 14/3/7
  • 18/12/20
  • 0.293%
  • AA+
  • A1
  • -

No. 13
30 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 14/10/16
  • 19/9/20
  • 0.223%
  • AA+
  • A1
  • -

No. 14
40 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 15/2/24
  • 19/12/20
  • 0.273%
  • AA+
  • A1
  • -

No. 15
40 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 15/10/14
  • 20/9/18
  • 0.210%
  • AA+
  • A1
  • AAA

No. 16
15 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 16/2/25
  • 20/12/18
  • 0.100%
  • AA+
  • A1
  • AAA

No. 17
50 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 16/7/22
  • 21/6/18
  • 0.030%
  • AA+
  • A1
  • AAA

No. 18
40 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 16/10/14
  • 21/9/17
  • 0.030%
  • AA+
  • A1
  • AAA

No. 19
34 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 17/2/23
  • 21/12/20
  • 0.070%
  • AA+
  • A1
  • AAA

No. 20
40 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 17/10/13
  • 22/9/20
  • 0.090%
  • AA+
  • A1
  • AAA

No. 21
40 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 18/2/9
  • 22/12/20
  • 0.090%
  • AA+
  • A1
  • AAA

  • *No. 1 - 5 will be FILP agency bonds
  • *No. 1 - 18 handed over to expressway organization as of the end of June, 2018
  • *No. 1 - 11 have been redempted as of end of June, 2018