Nagase & Co., Ltd. TSE:8012
NAGASE : Consolidated Financial Statements 2025
Source: MarketScreener
Year ended March 31, 2025
with Independent Auditor's Report
Financial Section CONTENTS
Consolidated Balance Sheet 2
Consolidated Statement of Income 4
Consolidated Statement of Comprehensive Income 5
Consolidated Statement of Changes in Net Assets 6
Consolidated Statement of Cash Flows 8
Notes to Consolidated Financial Statements 9
Independent Auditor's Report 41
Consolidated Balance Sheet
31 March 2025
Millions of yen
Thousands of
U.S. dollars (Note 1)
2025
$ 443,486
2,081,668
1,111,717
116,285
(7,009) 3,746,161
134,524
397,519
654,849
98,214
43,151 1,328,270
(715,162)
613,102
74,646
407,076
481,728
15,235
169,877
8,621
40,610
38,122
299,325
(7,885)
1,045,646
1,658,755
$ 5,404,916
Assets | 2025 | 2024 | ||
Current assets: | ||||
Cash and time deposits (Notes 20 and 27) | ¥ | 66,310 | ¥ | 59,410 |
Notes and accounts receivable and contract assets (Note 20) | 311,251 | 321,126 | ||
Inventories (Notes 8 and 9) | 166,224 | 147,991 | ||
Other current assets | 17,387 | 14,881 | ||
Less allowance for doubtful accounts | (1,048) | (940) | ||
Total current assets | 560,126 | 542,470 | ||
Non-current assets | ||||
Property, plant and equipment, at cost (Notes 10,11 and 25): | ||||
Land | 20,114 | 20,221 | ||
Buildings and structures | 59,437 | 63,432 | ||
Machinery, equipment and vehicles | 97,913 | 98,976 | ||
Leased assets | 14,685 | 15,053 | ||
Construction in progress | 6,452 | 3,548 | ||
198,603 | 201,233 | |||
Less accumulated depreciation | (106,931) | (113,840) | ||
Property, plant and equipment, net (Note 28) | 91,671 | 87,392 | ||
Investments and other assets: | ||||
Investments in securities (Notes 12 and 20): | ||||
Unconsolidated subsidiaries and affiliates | 11,161 | 10,286 | ||
Other | 60,866 | 65,939 | ||
72,028 | 76,225 | |||
Long-term loans receivable | 2,278 | 326 | ||
Goodwill (Note 28) | 25,400 | 27,884 | ||
Technology-based assets | 1,289 | 2,761 | ||
Retirement benefit asset (Note 15) | 6,072 | 6,217 | ||
Deferred tax assets (Note 16) | 5,700 | 4,596 | ||
Other assets (Note 11) | 44,755 | 44,638 | ||
Less allowance for doubtful accounts | (1,179) | (177) | ||
Total investments and other assets | 156,345 | 162,473 | ||
Total non-current assets | 248,017 | 249,865 | ||
Total assets (Note 28) | ¥ 808,143 | ¥ | 792,336 | |
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Millions of yen
Thousands of
U.S. dollars (Note 1)
2025
205,090
40
380,310
(1,311)
584,136
49,532
2,718,426
$ 5,404,916
64,868
62,520
2,088,309
(130,946) 2,084,751
$ 1,011,697
282,972
57,812
130,417
- 25,100
69,670
56,969
2,635
165,643 1,802,943
267,523
434,230
147
88,784
82,190
742
9,905
883,534
Liabilities and Net Assets | 2025 | 2024 | ||
Current liabilities: | ||||
Notes and accounts payable (Note 20) | ¥ | 151,269 | ¥ | 156,352 |
Short-term loans (Notes 13 and 20) | 42,310 | 50,731 | ||
Current portion of long-term loans and lease obligations (Notes 13,20 and 25) | 8,644 | 9,190 | ||
Commercial papers (Notes 13 and 20) | 19,500 | 37,000 | ||
Current portion of bonds payable (Note 13) | - | 10,000 | ||
Accrued income taxes (Note 16) | 3,753 | 5,195 | ||
Accrued expenses | 10,417 | 6,543 | ||
Accrued bonuses for employees | 8,518 | 7,569 | ||
Accrued bonuses for directors and executive officers | 394 | 251 | ||
Other current liabilities | 24,767 | 19,841 | ||
Total current liabilities | 269,576 | 302,675 | ||
Long-term liabilities: | ||||
Bonds (Notes 13 and 20) | 40,000 | 20,000 | ||
Long-term loans and lease obligations (Notes 13,20 and 25) | 64,926 | 40,025 | ||
Long-term income taxes payable | 22 | - | ||
Deferred tax liabilities (Note 16) | 13,275 | 13,567 | ||
Retirement benefit liability (Note 15) | 12,289 | 12,345 | ||
Provision for directors' stock benefit | 111 | 60 | ||
Other long-term liabilities | 1,481 | 2,345 | ||
Total long-term liabilities Contingent liabilities (Note 24) Net assets: Shareholders' equity (Note 18): Common stock: Authorized - 346,980,000 shares Issued - 114,908,285 shares in 2025 and 117,908,285 shares in 2024 Capital surplus Retained earnings (Notes 26 and 30) Treasury stock, at cost (Note 19) - 6,443,222 shares in 2025 and 4,143,115 shares in 2024 | 132,106 | 88,345 | ||
9,699 | 9,699 | |||
9,348 | 9,348 | |||
312,244 | 303,328 | |||
(19,579) | (9,543) | |||
Total shareholders' equity | 311,712 | 312,832 | ||
Accumulated other comprehensive income: | ||||
Net unrealized holding gain on securities (Note 12) | 30,665 | 33,763 | ||
Deferred gain (loss) on hedges (Note 21) | 6 | 119 | ||
Translation adjustments | 56,864 | 44,846 | ||
Retirement benefit liability adjustments (Note 15) | (196) | 2,503 | ||
Total accumulated other comprehensive income | 87,340 | 81,232 | ||
Non-controlling interests | 7,406 | 7,250 | ||
Total net assets | 406,459 | 401,315 | ||
Total liabilities and net assets | ¥ 808,143 | ¥ | 792,336 | |
See notes to consolidated financial statements.
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