Millions of Yen
| note | As at 31st March | |||
|---|---|---|---|---|
| 2010 | 2011 | |||
| Assets | ||||
| Current assets | ||||
| Cash and deposits | VI.4 | 143,726 | 150,268 | |
| Notes and accounts receivable-trade | VI.4 | 8,483 | 10,658 | |
| Leases receivable and lease investment assets | 17,924 | 16,166 | ||
| Short-term investment securities | 240 | 292 | ||
| Cashsegregated as deposits | VI.9 | 318,865 | 347,865 | |
| Operational investment securities | VI.1 & 4 | 121,576 | 141,881 | |
| Allowance for investment losses | (8,424) | (9,108) | ||
| Operational investment securities - net | 113,152 | 132,773 | ||
| Operational loan sreceivable | VI.4 | 34,694 | 27,905 | |
| Realestate inventories | VI.2 & 4 | 28,767 | 16,812 | |
| Trading instruments | VI.8 | 3,514 | 2,701 | |
| Loans on margin transactions | 221,107 | 229,301 | ||
| Cash collateral pledged for securities | ||||
| borrowings on margin transactions | 40,533 | 21,098 | ||
| Margin transaction assets | 261,641 | 250,399 | ||
| Short-term guarantee deposits | 5,944 | 5,235 | ||
| Deferred tax assets | 7,667 | 14,243 | ||
| Others | VI.4 | 37,732 | 57,473 | |
| Allowance for doubtful accounts | (2,032) | (4,017) | ||
| Total current assets | 980,323 | 1,028,779 | ||
| Non-current assets | ||||
| Property and equipment | ||||
| Buildings | 9,972 | 15,799 | ||
| Accumulated depreciation | (2,405) | (3,130) | ||
| Buildings-net | VI.4 | 7,567 | 12,668 | |
| Furniture and fixtures | 5,079 | 4,972 | ||
| Accumulated depreciation | (3,585) | (3,546) | ||
| Furniture and fixtures, net | 1,493 | 1,426 | ||
| Land | VI.4 | 7,556 | 10,908 | |
| Others | 4,503 | 4,825 | ||
| Accumulated depreciation | (506) | (1,397) | ||
| Others-net | 3,996 | 3,427 | ||
| Tota lproperty ande quipment | 20,613 | 28,431 | ||
| Intangible assets | ||||
| Software | 11,670 | 13,378 | ||
| Goodwill | 133,008 | 126,297 | ||
| Others | 608 | 567 | ||
| Totalintangibleassets | 145,286 | 140,244 | ||
| Investments and other assets | ||||
| Investment securities | VI.3, 4 & 14 | 41,204 | 53,378 | |
| Deferred tax assets | 14,196 | 12,830 | ||
| Others | 34,860 | 36,108 | ||
| Allowance for doubtful accounts | (9,767) | (12,066) | ||
| Total investments and other assets | 80,494 | 90,250 | ||
| Total non-current assets | 246,395 | 258,926 | ||
| Deferred charges | ||||
| Stock issuance costs | — | 152 | ||
| Bonds issuance costs | 61 | 32 | ||
| Deferred operating costs under Article 113 of the Insurance Business Act | 3,159 | 5,715 | ||
| Total deferred charges | 3,220 | 5,900 | ||
| Total assets | 1,229,939 | 1,293,606 | ||
| note | As at 31st March | ||
|---|---|---|---|
| 2010 | 2011 | ||
| Liabilities | |||
| Current liabilities | |||
| Short-term loans payable | VI.4 | 55,614 | 97,164 |
| Currentportion of long-term loans payable | VI.4 | 13,368 | 12,147 |
| Current portion of bonds payable | VI.4 | 112,600 | 70,060 |
| Accrued income taxes | 4,953 | 4,574 | |
| Advances received | VI.10 | 1,828 | 1,953 |
| Borrowings on margin transactions | VI.4 | 48,813 | 70,386 |
| Cashreceived for securities lending on margin transactions | 101,223 | 73,370 | |
| Margin transaction liabilities | 150,036 | 143,757 | |
| Loans payable secured by securities | 63,780 | 61,797 | |
| Guarantee deposits received | 282,373 | 309,134 | |
| Deposits from customers | 31,176 | 37,819 | |
| Accrued expenses | 2,835 | 3,202 | |
| Deferred tax liabilities | 2,959 | 3,219 | |
| Provision for bonuses | 53 | 79 | |
| Other provisions | 155 | 448 | |
| Others | 25,353 | 35,237 | |
| Total current liabilities | 747,090 | 780,597 | |
| Non-current Liabilities | |||
| Bonds payable | VI.4 | — | 540 |
| Long-term loans payable | VI.4 | 27,620 | 31,366 |
| Deferred tax liabilities | 540 | 424 | |
| Provision for retirement benefits | 52 | 69 | |
| Other provisions | 877 | 861 | |
| Others | 17,924 | 17,567 | |
| Total non-current liabilities | 47,014 | 50,828 | |
| note | As at 31st March | ||
|---|---|---|---|
| 2010 | 2011 | ||
| Statutory reserves | |||
| Reserve for financial products transaction liabilities | 7,219 | 5,196 | |
| Reserve for price fluctuation | 0 | 0 | |
| Total statutory reserves | VI.11 | 7,219 | 5,197 |
| Total liabilities | 801,324 | 836,623 | |
| Net assets | |||
| Shareholders’ equity | |||
| Capital stock | 55,284 | 73,236 | |
| Capital surplus | 218,968 | 236,920 | |
| Retained earnings | 87,276 | 88,073 | |
| Treasury stock | (246) | (246) | |
| Total shareholders’ equity | 361,282 | 397,983 | |
| Accumulated other comprehensive income (loss) | |||
| Unrealized losses on available-for-sale securities | (559) | (3,902) | |
| Deferred gains (losses) on derivatives under hedge accounting | 14 | （239） | |
| Foreign currency translation adjustments | (1,506) | (3,012) | |
| Total accumulated other comprehensive income (loss) | (2,051) | (7,155) | |
| Stock acquisition rights | 11 | 11 | |
| Minority interests | 69,372 | 66,142 | |
| Total net assets | 428,615 | 456,982 | |
| Total liabilities and net assets | 1,229,939 | 1,293,606 | |
* Amounts in millions of Japanese Yen, and are rounded down to the nearest million except for per share information, unless otherwise stated.
Note
(1) The above financial statements are stated in Japanese yen, the currency of the country in which the Company is incorporated and operates.
(2) The above financial statements are unaudited and have been prepared in accordance with accounting
principles generally accepted in Japan.
