ACCOUNTS FOR THE 44TH FISCAL TERM

NITTO KOHKI CO.,LTD.

BALANCE SHEET

AS AT 31 MARCH 2000

(In thousands Japanese yen)
ASSETS
LIABILITIES and SHAREHOLDERS' EQUITY
account title
amount
account title
amount
CURRENT ASSETS 21,586,849 CURRENT LIABILITIES 3,587,794
Cash & Deposits 8,623,681 Notes Payable, Trade 590,584
Notes Receivable, Trade 3,530,277 Accounts Payable, Trade 998,509
Accounts Receivable, Trade 3,928,845 Accounts Payable, Other 254,622
Marketable Securities 227,911 Income Taxes Payable 882,000
Finished Goods 1,334,929 Accrued Expenses Other 369,547
Raw Material 1,192,096 Deposits Received 53,378
Work in Progress 142,487 Accrued Bonuses 428,000
Advance Payments 1,773 Other Current Liabilities 11,150
Prepaid Expenses 18,686

Deferred Income Taxes 148,887

Short-term Loans 880,000

Other Current Assets 1,598,771

Allowance for Doubtful Accounts -41,500





FIXED ASSETS 11,702,210 LONG-TERM LIABILITIES 656,079
Tangible Fixed Assets 6,432,753 Reserve for Retirement Allowances 404,578
Buildings 2,498,246 Board of Directors'
Retirement Allowances
164,125
Structures 132,444
Machinery & Equipment 504,227 Other Long-term Liabilities 87,376
Automotive Equipment 10,801

Tools, Furniture, Fixtures and Other 582,897

Land 2,652,850 TOTAL LIABILITIES 4,243,874
Construction in Progress 51,283

Intangible Fixed Assets 56,414 SHAREHOLDERS' EQUITY 29,045,185
Trade-mark Rights 124 Common Stockv 1,850,324
Computer Software 40,784 Legal Surplus 2,337,811
Other Intangible Fixed Assets 15,505 Legal Capital Surplus 1,925,531
Investments and Other Assets 5,213,042 Retained Earnings Surplus 412,280
Investments in Securities 915,117 Earned Surplus 24,857,049
Investments in Affiliates 2,470,975 Reserve for Equalization of Dividents 220,000
Treasury Stock 125,537 Reserve for Deferred Income
Tax for Fixed Assets
85,135
Long-term Loans 663,979
Long-term prepaid expenses 13,523 General Reserve 22,000,000
Deferred Income Taxes
168,404 Reserve for Interim Dividend 13,389
Guaranty Deposits 96,152 Reserve for Treasury Stock Redemption 1,098,000
Accumulated Funds of Insurance 522,717 Unappropriated Retained Earnings 1,440,524
Other Investments 239,834 (net income) (1,188,446)
Allowance for Doubtful Accounts -3,200

TOTAL ASSETS 33,289,059 TOTAL LIABILITIES
AND SHAREHOLDERS' EQUITY
33,289,059


PROFIT AND LOSS STATEMENT

FROM : 1 APRIL 1999
TO : 31 MARCH 2000

(In thousands Japanese yen)
account title
amount
ORDINARY INCOME AND EXPENSES

Operating Income and Expenses

Operating Income

Net Sales
18,711,405
Operating Expenses

Cost of Sales 11,172,094
Selling, General and Admin. expenses 5,589,552 16,761,647
Operating income
1,949,758
Non-operating income and expenses

Non-operating Income

Interest and Dividends Received 143,978
Other Non-operating Income 105,159 249,137
Non-operating Expenses

Sales Discounts 69,841
Loss on Valuation of Marketable Securities 36,549
Other Non-operating Expenses 93,546 199,937
Ordinary Income
1,998,958
EXTRAORDINARY INCOME AND EXPENSES

Extraordinary Income

Gain on Valuation of Treasury Stock 70,202
Reversal of Allowance for Doubtful Accounts 5,400
Other Extraordinary Income 1,434 77,037
Extraordinary Losses

Loss on Retirement of Fixed Assets 35,993
Loss on Sales of Treasury Stock 848 36,842
Income before Income Taxes
2,039,153
Income Taxes
1,028,749
Adjustment of Income Taxes
-178,042
Net Income
1,188,446
Unappropriated Retained Earnings Brought Forward
85,252
Adjustment of Tax Effect in Prior Years
139,249
Reversal of Reserve for Deferred Income Tax on Fixed

Assets accompanied by Application of Tax Effect Accounting
27,575
Reversal of Reserve for Treasury Stock Redemption
2,652,000
Redemption of Treasury Stock
-2,652,000
Reversal of Reserve for Interim Dividend
264,610
Interim Divident
-240,554
Retained Earnings Surplus
-24,055
Unappropriated Retained Earnings
1,440,524


STATEMENT OF APPROPRIATIONS

(In Japanese yen)
account title amount
Unappropriated Retained Earnings 1,440,524,423
Reversal of Reserve for Treasury Stock Redemption 1,098,000,000

Reversal of Reserve for Interim Dividend 13,389,830

Reversal of Reserve for Deferred Income Tax Effect
on Fixed Assets

49,509,284 2,601,423,537
Appropriation of Retained Earnings

Retained Earnings Surplus 32,000,000
Dividends 300,694,650
Ordinary Dividend of ¥ 10.00 per Share

Special Dividend of ¥ 2.50 per Share

Bonus to Directors 10,800,000
Reserve for Interim Dividend 266,000,000
General Reserve 1,900,000,000 2,509,494,650
Retained earnings carried forward to the next year
91,928,887


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