Financial Statements

FY 2019 Financial Statements

Consolidated financial statement

Consolidated balance sheet (March 31, 2020)

(Unit: ¥100 million)

Total assets

  • item
    amout
  • Highway assets in process
    1,271
  • Other current assets
    1,680
  • Total current assets
    2,952
  • Property, plant and equipment
    670
  • Intangible assets
    26
  • Investments and other assets
    32
  • Total fixed assets
    729
  • Total assets
    3,681

Total liabilities/net assets

  • item
    amout
  • Outstanding payments
    660
  • Other current liabilities
    116
  • Total current liabilities
    777
  • Corporate debenture related to road construction
    900
  • Long-term debt related to road construction
    874
  • Other fixed liabilities
    482
  • Total fixed liabilities
    2,256
    • Total liabilities
      3,033
    • Capital
      135
    • Capital surplus
      135
    • Earned surplus
      422
    • Other comprehensive income accumulated
      △49
    • Minority interests
      5
    • Total net assets
      647
  • Total liabilities and net assets
    3,681

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, 2020)

(Unit: ¥100 million)

Total assets

  • item
    amout
  • Highway assets in process
    1,265
  • Other current assets
    1,548
  • Total current assets
    2,813
  • Property, plant and equipment
    620
  • Intangible assets
    14
  • Investments and other assets
    25
  • Total fixed assets
    661
  • Total assets
    3,474

Total liabilities/net assets

  • item
    amout
  • Outstanding payments
    683
  • Other current liabilities
    79
  • Total current liabilities
    763
  • Corporate debenture related to road construction
    900
  • Long-term debt related to road construction
    874
  • Other fixed liabilities
    399
  • Total fixed liabilities
    2,137
    • Total liabilities
      2,937
    • Capital
      135
    • Capital surplus
      135
    • Earned surplus
      267
    • Total net assets
      537
  • Total liabilities and net assets
    3,474

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, 2019 to March 31, 2020)

(Unit: ¥100 million)

  • item
    amout
  • Operating revenue
    5,346
  • Rent expenses on highway assets
    1,901
  • Administration costs of highway business and cost of sales
    3,316
  • Selling, general and administrative expenses
    109
  • Operating profit
    18
  • Non-operating income
    2
  • Non-operating expenses
    1
  • Ordinary profit
    19
  • Extraordinary profit
    -
  • Extraordinary loss
    1
  • Pretax profit of the current period
    18
  • Corporation tax and other taxes
    18
  • Net profit attributable to non-controlling interests 
    0
  • Net loss attributable to owners of the parent
    △0

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, 2019 to March 31, 2020)

(Unit: ¥100 million)

  • item
    amout
  • Toll revenue and other sales
    2,637
  • Highway asset completion sale
    2,345
  • Rent expenses on highway assets
    1,901
  • Highway asset completion cost
    2,345
  • Operating expenses
    748
  • Operating loss of the expressway business
    △12
  • Related business revenue
    313
  • Related business expenses
    309
  • Related business operating profit
    3
  • Operating loss of all businesses
    △8
  • Non-operating income
    6
  • Non-operating expenses
    1
  • Ordinary loss
    △3
  • Extraordinary profit
    -
  • Extraordinary loss
    1
  • Pretax net loss for the year
    △4
  • Corporation tax and other taxes
    8
  • Net loss for the year
    △12

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

Bond 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%
  • -
  • -
  • -

Bond 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%
  • -
  • -
  • -

Bond 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%
  • -
  • -
  • -

Bond 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%
  • -
  • -
  • -

Bond 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%
  • -
  • -
  • -

Bond 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%
  • -
  • -
  • -

Bond 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%
  • -
  • -
  • -

Bond 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%
  • -
  • -
  • -

Bond 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%
  • -
  • -
  • -

Bond 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
  • -

Bond 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
  • -

Bond 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
  • -

Bond 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
  • -

Bond 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
  • -

Bond 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

Bond 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

Bond 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

Bond 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

Bond 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

Bond 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

Bond 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

Bond No. 22
30 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 18/10/12
  • 23/9/20
  • 0.070%
  • AA+
  • A1
  • AAA

Bond No. 23
30 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 2
  • 19/2/22
  • 21/2/22
  • 0.001%
  • AA+
  • A1
  • AAA

Bond No. 24
20 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 19/2/22
  • 23/12/20
  • 0.070%
  • AA+
  • A1
  • AAA

Bond No. 25
40 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 19/10/10
  • 24/9/20
  • 0.030%
  • AA+
  • A1
  • AAA

Private placement bond No. 1
60 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • 1
  • 20/1/29
  • 21/1/29
  • 0.001%

Bond No. 26
36 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 20/10/8
  • 25/9/19
  • 0.070%
  • AA+
  • A1
  • AAA

  • *No. 1 - 5 will be FILP agency bonds
  • *No. 1 - 23& Private placement bond No.1 handed over to expressway organization as of the end of September, 2020