Assets

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(Millions of yen)

	FY2021 (2021/3)	FY2022 (2022/3)	FY2023 (2023/3)	FY2024 (2024/3)	FY2025 (2025/3)
Current assets
Cash and deposits	27,546	31,331	42,876	59,610	61,052
Trade receivables	72,991	112,568	120,067	103,386	102,271
Land and buildings for sale	158,899	166,331	193,607	269,789	368,708
Finished products and merchandise	2,509	2,372	2,897	3,586	3,915
Work in progress	4,242	2,131	2,461	2,922	3,557
Materials and supplies	4,859	5,464	5,790	6,486	6,553
Other	54,608	46,018	61,237	68,546	72,948
Allowance for doubtful receivables	(350)	(408)	(856)	(960)	(888)
Total current assets	325,307	365,811	428,082	513,368	618,119
Noncurrent assets
Property and equipment
Buildings and structures-net	556,183	646,407	633,990	631,352	664,350
Machinery，equipment and vehicles-net	63,112	60,314	57,804	60,323	67,512
Land	962,837	973,012	1,010,609	1,030,054	1,031,604
Construction in progress	244,591	218,215	252,908	260,688	274,564
Other	20,995	25,023	25,678	26,808	30,851
Total property and equipment	1,847,720	1,922,974	1,980,991	2,009,227	2,068,883
Intangible assets
Goodwill	12,014	9,655	7,334	-	-
Other	21,908	27,856	28,155	-	-
Total intangible assets	33,923	37,512	35,489	36,316	43,223
Investments and other assets
Investment securities	333,743	316,231	342,659	404,266	456,686
Deferred tax assets	6,792	7,218	7,272	7,510	6,388
Net defined benefit asset	20,186	18,505	18,590	27,184	27,451
Other	53,612	54,917	52,583	55,267	62,876
Allowance for doubtful receivables	(256)	(329)	(258)	(211)	(175)
Total Investments and other assets	414,077	396,544	420,846	494,017	553,227
Total noncurrent assets	2,295,721	2,357,030	2,437,328	2,539,561	2,665,334
Total assets	2,621,028	2,722,841	2,865,410	3,052,930	3,283,453

Liabilities

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(Millions of yen)

	FY2021 (2021/3)	FY2022 (2022/3)	FY2023 (2023/3)	FY2024 (2024/3)	FY2025 (2025/3)
Current liabilities
Trade payables	29,138	40,699	42,024	43,190	48,458
Accrued expenses	16,374	16,853	23,182	22,935	25,445
Short-term borrowings	151,235	145,737	187,982	189,854	169,367
Commercial Paper	30,000	50,000	10,000	-	-
Current portion of bonds	10,000	7,000	30,000	15,000	30,000
Lease obligations	3,206	3,834	4,251	4,130	4,031
Income taxes payable	2,192	6,380	10,029	15,290	20,328
Provision for bonuses	4,033	3,682	4,337	5,304	5,938
Other	134,437	152,471	187,877	211,287	232,430
Total current liabilities	380,618	426,659	499,684	506,992	536,001
Long-term liabilities
Long-term debt	673,387	649,476	634,613	705,773	774,025
Bonds	187,000	230,000	230,000	250,000	295,000
Lease obligations	8,219	9,916	9,503	9,402	10,351
Deferred tax liabilities	176,839	176,516	181,831	181,199	184,122
Deferred tax liabilities related to land revaluation	5,187	5,182	5,182	5,141	5,267
Net defined benefit liability	62,890	62,795	61,916	61,682	57,677
Long-term deferred contribution for construction	91,792	117,561	132,580	128,188	140,178
Other	125,106	129,369	129,156	134,117	148,369
Total long-term liabilities	1,330,424	1,380,818	1,384,785	1,475,505	1,614,992
Total liabilities	1,711,042	1,807,477	1,884,470	1,982,497	2,150,993

Net assets

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(Millions of yen)

	FY2021 (2021/3)	FY2022 (2022/3)	FY2023 (2023/3)	FY2024 (2024/3)	FY2025 (2025/3)
Shareholder's equity
Common stock	99,474	99,474	99,474	99,474	99,474
Capital surplus	146,772	147,358	147,343	147,301	147,056
Retained earnings	636,095	645,212	680,040	735,430	782,720
Less treasury stock, at cost	(48,701)	(48,713)	(48,748)	(51,891)	(53,678)
Total shareholder's equity	833,640	843,332	878,110	930,315	975,572
Accumulated Other Comprehensive Income
Net unrealised holdings gains on securities	24,600	18,756	20,930	29,533	34,505
Net unrealised gains on hedging derivatives	3	7	(78)	329	(259)
Surplus from land revaluation	5,483	5,499	5,499	5,545	5,373
Foreign currency translation adjustments	(615)	435	908	5,805	11,391
Remeasurements of defined benefit plans	4,038	2,317	1,433	7,269	9,308
Accumulated Other Comprehensive Income	33,511	27,016	28,692	48,483	60,319
Non-controlling interests	42,834	45,014	74,137	91,634	96,568
Total net assets	909,985	915,363	980,940	1,070,432	1,132,460
Total liabilities and net assets	2,621,028	2,722,841	2,865,410	3,052,930	3,283,453

Fact Book