Posted on August 18, 1998
ACCOUNTS FOR THE 42ND FISCAL TERM
FROM 1 APRIL 1997
TO 31 MARCH 1998
NITTO KOHKI CO.,LTD.


BALANCE SHEET
AS AT 31 MARCH 1998
(In thousands Japanese yen)
ASSETS
 LIABILITIES and SHAREHOLDERS' EQUITY
account title
amount
account title
amount
CURRENT ASSETS25,238,853CURRENT LIABILITIES4,234,786
Cash & Deposits12,620,835Notes Payable, Trade1,106,835
Notes Receivable, Trade5,090,544Accounts Payable, Trade973,209
Accounts Receivable, Trade4,596,893Accounts Payable, Other333,890
Marketable Securities160,393Accrued Income Taxes775,000
Finished Goods1,180,603Accrued Enterprises Taxes235,926
Raw Material1,347,459Accrued Expenses Other302,275
Work in Progress160,942Deposits Received53,589
Advance Payments18,005Accrued Bonuses454,000
Prepaid Expenses31,766Other Current Liabilities59
Other Current Assets107,810

Allowance for Doubtful Accounts-76,400
　
FIXED ASSETS10,990,167LONG-TERM LIABILITIES715,666
Tangible Fixed Assets7,138,428Reserve for Retirement Allowances403,406
Buildings2,837,463 Board of Directors'
Retirement Allowances
Structures179,112213,673
Machinery & Equipment620,021Other Long-term Liabilities98,586
Automotive Equipment22,518
Tools, Furniture, Fixtures and Other672,962
Land2,664,371TOTAL LIABILITIES4,950,453
Construction in Progress141,979
Intangible Fixed Assets23,275SHAREHOLDERS' EQUITY31,278,568
Patent Rights3,062Common Stock1,850,324
Trade-mark Rights5,420Legal Surplus2,217,077
Other Intangible Fixed Assets14,792Legal Capital Surplus1,925,531
Investments and Other Assets3,828,463Retained Earnings Surplus291,546
Investments in Securities1,069,818Earned Surplus27,211,166
Investments in Affiliates1,264,551Reserve for Equalization of Dividents220,000
Treasury Stock215,379 Reserve for Deferred Income
Tax for Fixed Assets
Long-term Loans265,35992,351
Long-term prepaid expenses58,534General Reserve24,687,299
Guaranty Deposits101,347Unappropriated Retained Earnings2,211,515
Accumulated Funds of Insurance615,639(net income)(2,202,227)
Other Investments239,834
Allowance for Doubtful Accounts-2,000
　
　 TOTAL LIABILITIES AND
SHAREHOLDERS' EQUITY
TOTAL ASSETS36,229,02136,229,021


PROFIT AND LOSS STATEMENT
FROM : 1 APRIL 1997
TO : 31 MARCH 1998
(In thousands Japanese yen)
account title
amount
ORDINARY INCOME AND EXPENSES
Operating Income and Expenses
Operating Income
.Net Sales22,727,388
Operating Expenses
.Cost of Sales12,519,629
.Selling, General and Admin. expenses6,547,78019,067,409
Operating income3,659,979
Non-operating income and expenses
Non-operating Income
.Interest and Dividends Received382,144
.Other Non-operating Income96,672478,817
Non-operating Expenses
.Loss on Valuation of Marketable Securities82,066
.Sales Discounts78,095
.Other Non-operating Expenses63,716223,878
Ordinary Income3,914,918
EXTRAORDINARY INCOME AND EXPENSES
Extraordinary Income
Gain on Sales of Fixed Assets33,988
.Reversal of Reserve for Retirement Allowances
24,05058,038
Extraordinary Losses
. Loss on Retirement of Fixed Assets37,27637,276
Income before Income Taxes3,935,680
Income Taxes1,733,452
Net Income2,202,227
Unappropriated Retained Earnings Brought Forward
244,490
Interim Divident 213,820
Retained Earnings Surplus21,382
Unappropriated Retained Earnings2,211,515


STATEMENT OF APPROPRIATIONS
(In Japanese yen)
account title
amount
Unappropriated retained earnings2,211,515,871
Appropriation of retained earnings
Retained Earnings Surplus45,000,000
Dividends427,639,760
.Ordinary Dividend of 15yen per share
.Commemorative Dividend of 5yen per share for TSE registration
Directors' bonus14,900,000
Reserve for deffered income tax for fixed assets20,359,200
General reserve1,200,000,000
Total1,707,898,960
Retained earnings carried forward to the next year503,616,911


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