Warning: include(/home/c9205967/public_html/kanamoto.ne.jp/include/menu_47annual_en.php): Failed to open stream: No such file or directory in /home/c9205967/public_html/kanamoto.ne.jp/en/pub/47/annualreport/17/index.html on line 100
Warning: include(): Failed opening '/home/c9205967/public_html/kanamoto.ne.jp/include/menu_47annual_en.php' for inclusion (include_path='.:/opt/alt/php82/usr/share/pear:/opt/alt/php82/usr/share/php:/usr/share/pear:/usr/share/php') in /home/c9205967/public_html/kanamoto.ne.jp/en/pub/47/annualreport/17/index.html on line 100
Consolidated Financial Statements
Consolidated Balance Sheets
ASSETS |
Millions of yen | Thousands of U.S. dollars (Note) |
|
| As of October 31, 2011 and 2010 | 2010 | 2011 | 2011 |
Current assets : |
|||
| Cash | ¥ 20,486 | ¥ 20,060 | $ 258,006 |
| Marketable securities | 350 | 350 | 4,502 |
| Notes and accounts receivable, trade | 14,987 | 16,420 | 211,190 |
| Merchandise inventories and products | 606 | 621 | 7,987 |
| Raw material and supplies | 161 | 198 | 2,547 |
| Deferred income taxes | 361 | 384 | 4,939 |
| Other current assets | 1,810 | 2,310 | 29,710 |
| Less : Allowance for doubtful accounts | (373) | (368) | (4,733) |
| Total current assets | 38,388 | 39,975 | 514,148 |
Property and equipment : |
|||
| Rental equipment | 62,487 | 72,929 | 937,994 |
| Buildings and structures | 20,755 | 20,872 | 268,450 |
| Machinery and equipment | 6,470 | 6,555 | 84,309 |
| Less : Accumulated depreciation | (55,060) | (60,394) | (776,772) |
| 34,652 | 39,962 | 513,981 | |
| Land | 29,689 | 29,908 | 384,669 |
| Total property and equipment | 64,341 | 69,870 | 898,650 |
Investments and other assets : |
|||
| Investment securities | |||
| -Unconsolidated subsidiaries and affiliates | 117 | 190 | 2,444 |
| -Others | 2,651 | 3,012 | 38,740 |
| Deferred income taxes | 1,187 | 658 | 8,463 |
| Other assets | 2,652 | 2,147 | 27,613 |
| Less : Allowance for doubtful accounts | (827) | (732) | (9,415) |
| Total investments and other assets | 5,780 | 5,275 | 67,845 |
| Total assets | ¥ 108,509 | ¥ 115,120 | $ 1,480,643 |
LIABILITIES AND NET ASSETS |
Millions of yen | Thousands of U.S. dollars (Note) |
|
| As of October 31, 2011 and 2010 | 2010 | 2011 | 2011 |
Current liabilities : |
|||
| Short-term bank loans | ¥ 13,416 | ¥ 11,155 | $ 143,473 |
| Current portion of long-term debt | 13,619 | 15,571 | 200,270 |
| Current portion of lease obligations | 860 | 1,087 | 13,981 |
| Notes and accounts payable, trade | 13,077 | 13,318 | 171,293 |
| Accounts payable, other | 1,519 | 1,880 | 24,180 |
| Accrued income taxes | 1,106 | 322 | 4,141 |
| Accrued bonuses | 589 | 531 | 6,829 |
| Allowance for disaster losses | — | 290 | 3,730 |
| Other current liabilities | 1,515 | 1,188 | 15,280 |
| Total current liabilities | 45,701 | 45,342 | 583,177 |
Non-current liabilities : |
|||
| Long-term debt | 21,842 | 29,650 | 381,350 |
| Lease obligations | 1,903 | 1,431 | 18,405 |
| Account payable, other | 436 | 664 | 8,540 |
| Accrued pension and severance costs | 1,341 | 37 | 476 |
| Asset retirement obligations | — | 147 | 1,891 |
| Other liabilities | 261 | 256 | 3,293 |
| Total non-current liabilities | ¥ 25,783 | ¥ 32,185 | $ 413,955 |
Contingent liabilities |
|||
Net assets : |
|||
| Shareholders' equity : | |||
| Common stock : | |||
| Authorized – 130,000,000 shares (2011/2010) | |||
| Issued – 32,872,241 shares (2011/2010) | ¥ 9,697 | ¥ 9,697 | $ 124,720 |
| Capital surplus | 10,961 | 10,961 | 140,977 |
| Retained earnings | 15,788 | 16,297 | 209,608 |
| Treasury stock | (25) | (25) | (322) |
| Total shareholders’ equity | 36,421 | 36,930 | 474,983 |
| Accumulated other comprehensive income : | |||
| Net unrealized holding gain on other securities | 147 | 199 | 2,560 |
| Foreign currency translation adjustments | (41) | (43) | (553) |
| Total accumulated other comprehensive income | 106 | 156 | 2,007 |
| Minority interests | 498 | 507 | 6,521 |
| Total net assets | 37,025 | 37,593 | 483,511 |
| Total liabilities and net assets | ¥ 108,509 | ¥ 115,120 | $ 1,480,643 |
Note: U.S. dollar amounts have been translated from yen for convenience only, at the rate ¥77.75=US$1, the approximate exchange rate on October 31, 2011.
Consolidated Statements of Income
| Millions of yen | Thousands of U.S. dollars (Note) | ||
| Years ended October 31, 2011 and 2010 | 2010 | 2011 | 2011 |
Revenue |
|||
| Rentals | ¥ 47,659 | ¥ 50,806 | $ 653,453 |
| Sales | 22,514 | 20,281 | 260,849 |
| 70,173 | 71,087 | 914,302 | |
Cost of sales |
|||
| Rentals | 33,257 | 34,154 | 439,280 |
| Sales | 16,598 | 16,477 | 211,923 |
| 49,855 | 50,631 | 651,203 | |
Gross profit |
20,318 | 20,456 | 263,099 |
Selling, general and administrative expenses |
17,669 | 17,550 | 225,723 |
Operating income |
2,649 | 2,906 | 37,376 |
Other income (expenses) : |
|||
| Interest and dividend income | 58 | 62 | 797 |
| Gain on termination of retirement benefit plan | — | 1,465 | 18,842 |
| Interest expenses | (765) | (793) | (10,199) |
| Loss on devaluation of investment securities | (28) | (135) | (1,736) |
| Impairment loss | — | (63) | (810) |
| Loss from disaster | — | (838) | (10,778) |
| Loss on adjustment for changes of | |||
| accounting standard for asset retirement obligations | — | (96) | (1,235) |
| Others, net | 248 | (62) | (797) |
Income before income taxes and minority interests |
2,162 | 2,446 | 31,460 |
Income taxes : |
|||
| Current | 1,171 | 862 | 11,087 |
| Deferred | (17) | 470 | 6,045 |
| 1,154 | 1,332 | 17,132 | |
Income before minority interests |
1,008 | 1,114 | 14,328 |
Minority interests in subsidiaries |
(34) | (52) | (669) |
Net income |
¥ 1,042 | ¥ 1,166 | $ 14,997 |
| Yen | U.S. dollars (Note) |
||
| Years Ended October 31, 2011 and 2010 | 2010 | 2011 | 2011 |
Per share of common stock : |
|||
| Net income | |||
| Basic | ¥ 31.73 | ¥ 35.51 | $ 0.46 |
| Diluted | — | — | — |
| Cash dividends applicable to the year | ¥ 20.00 | ¥ 20.00 | $ 0.26 |
Note: U.S. dollar amounts have been translated from yen for convenience only, at the rate ¥77.75=US$1, the approximate exchange rate on October 31, 2011.
Consolidated Statements of Comprehensive Income
| Millions of yen | U.S. dollars (Note) |
||
| Years Ended October 31, 2011 and 2010 | 2010 | 2011 | 2011 |
Income before minority interests |
— | ¥ 1,114 | $ 14,328 |
| Other comprehensive income | |||
| Net unrealized holding (loss) gain on other securities | — | 51 | 656 |
| Foreign currency translation adjustments | — | (8) | (103) |
| Total other comprehensive income | — | 43 | 553 |
| Total comprehensive income | — | ¥ 1,157 | $ 14,881 |
| Comprehensive income attributable to : | |||
| Shareholders of the parents | — | ¥ 1,215 | $ 15,627 |
| Minority interests | — | (58) | (746) |
Note: U.S. dollar amounts have been translated from yen for convenience only, at the rate ¥77.75=US$1, the approximate exchange rate on October 31, 2011.
Consolidated Statements of Shareholders' Equity
(November 1. 2010 - October 31, 2011)
| Millions of yen | |||||||||||
| Shareholders' equity | Accumulated other comprehensive income | ||||||||||
| Years Ended October 31, 2011 and 2010 | Thousands of shares of common stock | Common stock | Capital surplus | Retained earnings | Treasury stock | Total
share- holders’ equity |
Net unrealized holding gain (loss) on other securities | Foreign currency translation adjustments | Total accumu- lated other compre- hensive income |
Minority interests | Total net assets |
Balance at October 31, 2009 |
¥ 32,872 | ¥ 9,697 | ¥ 10,961 | ¥ 15,335 | ¥ (24) | ¥ 35,969 | ¥ 235 | — | ¥ 235 | ¥ 338 | ¥ 36,542 |
| Net income | 1,042 | 1,042 | 1,042 | ||||||||
| Cash dividends | (657) | (657) | (657) | ||||||||
| Change in scope of consolidation | 68 | 68 | 68 | ||||||||
| Acquisition of treasury stock | (1) | (1) | (1) | ||||||||
| Other | (88) | (41) | (129) | 160 | 31 | ||||||
Balance at October 31, 2010 |
¥ 32,872 | ¥ 9,697 | ¥ 10,961 | ¥ 15,788 | ¥ (25) | ¥ 36,421 | ¥ 147 | ¥ (41) | ¥ 106 | ¥ 498 | ¥ 37,025 |
| Net income | 1,166 | 1,166 | 1,166 | ||||||||
| Cash dividends | (657) | (657) | (657) | ||||||||
| Acquisition of treasury stock | (1) | (1) | (1) | ||||||||
| Disposal of treasury stock | (0) | 1 | 1 | 1 | |||||||
| Other | 52 | (2) | 50 | 9 | 59 | ||||||
Balance at October 31, 2011 |
¥ 32,872 | ¥ 9,697 | ¥ 10,961 | ¥ 16,297 | ¥ (25) | ¥ 36,930 | ¥ 199 | ¥ (43) | ¥ 156 | ¥ 507 | ¥ 37,593 |
| Thousands of U.S. dollars (Note) | ||||||||||
| Shareholders' equity | Accumulated other comprehensive income | |||||||||
| Year Ended October 31, 2011 | Common stock | Capital surplus | Retained earnings | Treasury stock | Total
share- holders’ equity |
Net unrealized holding gain on other securities | Foreign currency translation adjustments | Total accumu- lated other compr- ehensive income |
Minority interests | Total net assets |
Balance at October 31, 2010 |
$ 124,720 | $ 140,977 | $ 203,061 | $ (322) | $ 468,436 | $ 1,891 | $ (527) | $ 1,364 | $ 6,405 | $ 476,205 |
| Net income | 14,997 | 14,997 | 14,997 | |||||||
| Cash dividends | (8,450) | (8,450) | (8,450) | |||||||
| Acquisition of treasury stock | (13) | (13) | (13) | |||||||
| Disposal of treasury stock | (0) | 13 | 13 | 13 | ||||||
| Other | 669 | (26) | 643 | 116 | 759 | |||||
Balance at October 31, 2011 |
$ 124,720 | $ 140,977 | $ 209,608 | $ (322) | $ 474,983 | $ 2,560 | $ (553) | $ 2,007 | $ 6,521 | $ 483,511 |
Note: U.S. dollar amounts have been translated from yen for convenience only, at the rate ¥77.75=US$1, the approximate exchange rate on October 31, 2011.
Consolidated Statements of Cash Flows
| Millions of yen | Thousands of U.S. dollars (Note) |
||
| Years ended October 31, 2011 and 2010 | 2010 | 2011 | 2011 |
Cash flows from operating activities : |
|||
| Income before income taxes and minority interests | ¥ 2,162 | ¥ 2,446 | $ 31,460 |
| Adjustments for : | |||
| Depreciation expenses | 7,767 | 8,835 | 113,633 |
| Impairment loss | — | 63 | 810 |
| Loss on disposal or sales of property and equipment | 94 | 121 | 1,556 |
| Acquisition of rental equipment | (2,462) | (1,959) | (25,196) |
| Loss on devaluation of investment securities | 28 | 135 | 1,736 |
| (Gain) loss on sales of investments in securities | (153) | 17 | 219 |
| Provision for allowance for doubtful accounts | (220) | (95) | (1,222) |
| Provision for accrued pension and severance costs | 21 | (1,304) | (16,772) |
| Interest and dividend income | (58) | (62) | (797) |
| Interest expenses | 944 | 976 | 12,553 |
| Increase in trade receivables | (268) | (1,463) | (18,817) |
| Decrease (increase) in inventories | 55 | (50) | (643) |
| (Decrease) increase in trade payables | (552) | 261 | 3,357 |
| Loss on adjustment for changes of accounting standard for asset retirement obligations | — | 96 | 1,235 |
| Loss from disaster | — | 838 | 10,778 |
| Other, net | 2,409 | 758 | 9,750 |
| Subtotal | 9,767 | 9,613 | 123,640 |
| Interest and dividend income received | 59 | 62 | 797 |
| Interest expenses paid | (870) | (927) | (11,923) |
| Payments for loss on disaster | — | (187) | (2,405) |
| Income taxes paid | 132 | (1,658) | (21,325) |
| Net cash provided by operating activities | ¥ 9,088 | ¥ 6,903 | $ 88,784 |
| Millions of yen | Thousands of U.S. dollars (Note) |
||
| Years ended October 31, 2011 and 2010 | 2010 | 2011 | 2011 |
Cash flows from investing activities : |
|||
| Payments for purchase of investment securities | ¥ (539) | ¥ (450) | $ (5,788) |
| Proceeds from sales of investment securities | 776 | 0 | 0 |
| Payments for purchase of property and equipment | (265) | (518) | (6,662) |
| Other, net | 130 | (45) | (579) |
| Net cash provided by (used in) investing activities | 102 | (1,013) | (13,029) |
Cash flows from financing activities : |
|||
| Increase in short-term bank loans, net | 11,332 | 9,768 | 125,633 |
| Proceeds from long-term debt | 2,609 | 2,580 | 33,183 |
| Repayments of long-term debt | (10,805) | (10,935) | (140,643) |
| Repayments of obligation under installment purchases | (4,382) | (6,006) | (77,248) |
| Cash dividends paid | (657) | (656) | (8,437) |
| Other, net | (835) | (1,013) | (13,028) |
| Net cash used in by financing activities | (2,738) | (6,262) | (80,540) |
Effect of exchange rate changes on cash and cash equivalents |
(23) | (4) | (51) |
Net increase (decrease) in cash and cash equivalents |
6,429 | (376) | (4,836) |
Cash and cash equivalents at beginning of the year |
14,086 | 20,751 | 266,894 |
Cash and cash equivalents at beginning of year held by newly consolidated subsidiaries |
185 | — | — |
Cash and cash equivalents at beginning of year held by newly acquired unconsolidated subsidiaries |
51 | — | — |
Cash and cash equivalents at end of the year |
¥ 20,751 | ¥ 20,375 | $ 262,058 |
Note: U.S. dollar amounts have been translated from yen for convenience only, at the rate ¥77.75=US$1, the approximate exchange rate on October 31, 2011.