Financial Statements

FY 2016 Financial Statements

Consolidated financial statement

Consolidated balance sheet (March 31, 2017)

(Unit: ¥100 million)

Total assets

  • item
    amout
  • Highway assets in process
    1,914
  • Other current assets
    2,027
  • Total current assets
    3,941
  • Property, plant and equipment
    613
  • Intangible assets
    21
  • Investments and other assets
    77
  • Total fixed assets
    712
  • Total assets
    4,653

Total liabilities/net assets

  • item
    amout
  • Outstanding payments
    975
  • Other current liabilities
    431
  • Total current liabilities
    1,407
  • Corporate debenture related to road construction
    1,240
  • Long-term debt related to road construction
    931
  • Other fixed liabilities
    594
  • Total fixed liabilities
    2,766
    • Total liabilities
      4,173
    • Capital
      135
    • Capital surplus
      135
    • Earned surplus
      288
    • Other comprehensive income accumulated
      -82
    • Minority interests
      4
    • Total net assets
      479
  • Total liabilities and net assets
    4,653

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, 2017)

(Unit: ¥100 million)

Total assets

  • item
    amout
  • Highway assets in process
    1,913
  • Other current assets
    1,910
  • Total current assets
    3,824
  • Property, plant and equipment
    577
  • Intangible assets
    13
  • Investments and other assets
    68
  • Total fixed assets
    659
  • Total assets
    4,484

Total liabilities/net assets

  • item
    amout
  • Outstanding payments
    1,009
  • Other current liabilities
    393
  • Total current liabilities
    1,402
  • Corporate debenture related to road construction
    1,240
  • Long-term debt related to road construction
    931
  • Other fixed liabilities
    473
  • Total fixed liabilities
    2,645
    • Total liabilities
      4,048
    • Capital
      135
    • Capital surplus
      135
    • Earned surplus
      166
    • Total net assets
      436
  • Total liabilities and net assets
    4,484

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, 2016 to March 31, 2017)

(Unit: ¥100 million)

  • item
    amout
  • Operating revenue
    6,610
  • Rent expenses on highway assets
    1,886
  • Administration costs of highway business and cost of sales
    4,562
  • Selling, general and administrative expenses
    106
  • Operating profit
    55
  • Non-operating income
    4
  • Non-operating expenses
    1
  • Ordinary profit
    59
  • Extraordinary profit
    4
  • Extraordinary loss
    6
  • Pretax profit of the current period
    57
  • Corporation tax and other taxes*
    24
  • Net profit attributable to non-controlling interests 
    0
  • Net profit attributable to owners of the parent
    82

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, 2016 to March 31, 2017)

(Unit: ¥100 million)

  • item
    amout
  • Toll revenue and other sales
    2,695
  • Highway asset completion sale
    3,673
  • Rent expenses on highway assets
    1,886
  • Highway asset completion cost
    3,673
  • Operating expenses
    799
  • Operating profit of the expressway business
    9
  • Related business revenue
    205
  • Related business expenses
    198
  • Related business operating profit
    7
  • Operating profit of all businesses
    16
  • Non-operating income
    7
  • Non-operating expenses
    0
  • Ordinary profit
    23
  • Extraordinary profit
    4
  • Extraordinary loss
    6
  • Pretax net profit for the year
    21
  • Corporation tax and other taxes*
    38
  • Net profit for the year
    60

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

*The tax effect accounting standard is applied to gain on transfer of benefit obligation relating to employees' pension fund will be eared in FY 2017.

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. 1 - 5 will be FILP agency bonds
  • *No. 1 - 16 handed over to expressway organization as of the end of June, 2017
  • *No. 1 - 9 have been redempted as of end of June, 2017