Financial Statements

FY 2018 Financial Statements

Consolidated financial statement

Consolidated balance sheet (March 31, 2019)

(Unit: ¥100 million)

Total assets

  • item
    amout
  • Highway assets in process
    2,335
  • Other current assets
    1,454
  • Total current assets
    3,789
  • Property, plant and equipment
    651
  • Intangible assets
    26
  • Investments and other assets
    39
  • Total fixed assets
    717
  • Total assets
    4,507

Total liabilities/net assets

  • item
    amout
  • Outstanding payments
    484
  • Other current liabilities
    319
  • Total current liabilities
    803
  • Corporate debenture related to road construction
    1,300
  • Long-term debt related to road construction
    1,287
  • Other fixed liabilities
    463
  • Total fixed liabilities
    3,050
    • Total liabilities
      3,854
    • Capital
      135
    • Capital surplus
      135
    • Earned surplus
      422
    • Other comprehensive income accumulated
      △45
    • Minority interests
      4
    • Total net assets
      652
  • Total liabilities and net assets
    4,507

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, 2019)

(Unit: ¥100 million)

Total assets

  • item
    amout
  • Highway assets in process
    2,328
  • Other current assets
    1,335
  • Total current assets
    3,663
  • Property, plant and equipment
    601
  • Intangible assets
    14
  • Investments and other assets
    30
  • Total fixed assets
    646
  • Total assets
    4,310

Total liabilities/net assets

  • item
    amout
  • Outstanding payments
    517
  • Other current liabilities
    269
  • Total current liabilities
    786
  • Corporate debenture related to road construction
    1,300
  • Long-term debt related to road construction
    1,287
  • Other fixed liabilities
    386
  • Total fixed liabilities
    2,973
    • Total liabilities
      3,760
    • Capital
      135
    • Capital surplus
      135
    • Earned surplus
      280
    • Total net assets
      550
  • Total liabilities and net assets
    4,310

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, 2018 to March 31, 2019)

(Unit: ¥100 million)

  • item
    amout
  • Operating revenue
    3,862
  • Rent expenses on highway assets
    1,937
  • Administration costs of highway business and cost of sales
    1,780
  • Selling, general and administrative expenses
    105
  • Operating profit
    38
  • Non-operating income
    4
  • Non-operating expenses
    0
  • Ordinary profit
    42
  • Extraordinary profit
    3
  • Extraordinary loss
    1
  • Pretax profit of the current period
    44
  • Corporation tax and other taxes
    15
  • Net profit attributable to non-controlling interests 
    0
  • Net profit attributable to owners of the parent
    29

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, 2018 to March 31, 2019)

(Unit: ¥100 million)

  • item
    amout
  • Toll revenue and other sales
    2,688
  • Highway asset completion sale
    748
  • Rent expenses on highway assets
    1,937
  • Highway asset completion cost
    748
  • Operating expenses
    742
  • Operating profit of the expressway business
    8
  • Related business revenue
    381
  • Related business expenses
    377
  • Related business operating profit
    4
  • Operating profit of all businesses
    13
  • Non-operating income
    6
  • Non-operating expenses
    0
  • Ordinary profit
    19
  • Extraordinary profit
    2
  • Extraordinary loss
    1
  • Pretax net profit for the year
    20
  • Corporation tax and other taxes
    4
  • Net profit for the year
    15

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. 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

No. 23
30 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 2
  • 2019/2/22
  • 2021/2/22
  • 0.001%
  • AA+
  • A1
  • AAA

No. 24
20 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 2019/2/22
  • 23/12/20
  • 0.070%
  • AA+
  • A1
  • AAA

No. 25
40 billion yen

  • Term (years)
  • Launch
  • Maturity
  • Surface interest rate
  • Rating R&I
  • Rating MDY
  • Rating JCR
  • 5
  • 2019/10/10
  • 24/9/20
  • 0.030%
  • AA+
  • A1
  • AAA

  • *No. 1 - 5 will be FILP agency bonds
  • *No. 1 - 19   23 handed over to expressway organization as of the end of Setpember, 2019