JP-listed companies
HIKARI BUSINESS FORM CO., LTD.

HIKARI BUSINESS FORM CO., LTD.JP:3948

Market cap

¥4.5B

P/E ratio

Income statement Balance sheet Cash flow

	Dec 31, 2011	Dec 31, 2012	Dec 31, 2013	Dec 31, 2014	Dec 31, 2015	Dec 31, 2016	Dec 31, 2017	Dec 31, 2018	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023
Cash and deposits	-	378	610	720	668	827	976	1,234	1,642	2,177	3,153	4,085	3,984
Notes receivable - trade	-	229	147	148	160	97	130	78	96	79	51	52	21
Electronically recorded monetary claims - operating	-	-	-	-	-	-	-	-	-	-	-	21	22
accounts receivable - trade, and contract assets	-	-	-	-	-	-	-	-	-	-	-	1,312	920
Securities	-	-	7	-	-	17	30	-	-	-	30	40	30
Finished goods	-	147	129	129	126	132	138	153	177	158	192	183	175
Work in process	-	17	23	22	23	9	6	16	10	9	20	21	21
Raw materials	-	29	34	34	33	40	40	37	36	35	38	36	35
Prepaid expenses	-	22	20	20	21	20	27	31	31	30	32	34	30
Advances paid	-	72	75	91	98	129	148	135	138	157	145	131	166
Other	-	11	25	21	13	11	41	11	9	7	124	199	29
Allowance for doubtful accounts	-	-8	-6	-4	-1	-1	-1	-	-	-0	-1	-1	-1
Current assets	-	1,873	2,107	2,257	2,259	2,271	2,650	2,509	2,986	3,362	4,875	6,094	5,433
Buildings	-	3,137	3,093	2,948	2,962	2,961	3,004	3,010	3,023	3,037	3,023	3,039	3,105
Accumulated depreciation	-	-1,582	-1,624	-1,560	-1,618	-1,677	-1,694	-1,755	-1,814	-1,874	-1,917	-1,976	-2,021
Buildings, net	-	1,555	1,469	1,388	1,344	1,284	1,310	1,255	1,208	1,162	1,107	1,063	1,084
Structures	-	22	32	31	31	31	41	41	41	41	41	41	42
Accumulated depreciation	-	-20	-20	-21	-22	-23	-24	-25	-27	-28	-30	-31	-32
Structures, net	-	2	12	10	10	9	17	15	14	13	11	10	10
Machinery and equipment	-	2,271	2,276	2,176	2,048	1,907	1,846	1,586	1,539	1,546	1,514	1,510	1,518
Accumulated depreciation	-	-2,008	-2,054	-1,943	-1,861	-1,747	-1,723	-1,479	-1,439	-1,458	-1,436	-1,454	-1,465
Machinery and equipment, net	-	262	222	233	187	160	123	107	100	88	78	56	54
Vehicles	-	54	54	52	56	56	56	56	58	57	55	54	54
Accumulated depreciation	-	-45	-49	-47	-48	-49	-48	-50	-45	-50	-50	-50	-51
Vehicles, net	-	9	4	5	7	6	8	5	13	7	5	4	4
Tools, furniture and fixtures	-	137	146	182	202	211	241	251	256	242	249	278	268
Accumulated depreciation	-	-119	-124	-130	-153	-163	-179	-200	-217	-194	-212	-219	-213
Tools, furniture and fixtures, net	-	18	22	52	49	47	62	51	39	48	37	59	54
Land	-	2,945	2,930	2,876	2,876	2,876	2,507	2,507	2,507	2,507	2,504	2,504	2,504
Leased assets	-	489	696	851	805	880	1,137	1,308	1,240	1,138	1,041	910	614
Accumulated depreciation	-	-224	-325	-452	-262	-349	-519	-585	-584	-666	-582	-624	-447
Leased assets, net	-	266	371	399	543	531	618	723	656	472	459	285	168
Construction in progress	-	-	-	4	4	2	1	7	10	2	25	1	1
Property, plant and equipment	-	5,057	5,029	4,966	5,019	4,916	4,646	4,671	4,548	4,299	4,226	3,982	3,878
Software	-	61	53	52	43	60	45	31	22	23	15	13	13
Software in progress	-	5	11	13	29	3	-	2	5	-	-	5	3
Leased assets	-	24	22	13	5	3	12	9	22	17	13	8	4
Telephone subscription right	-	7	7	7	7	7	7	7	7	7	7	7	7
Intangible assets	-	109	106	84	84	72	64	48	55	47	34	33	26
Investment securities	-	836	1,159	1,048	1,152	1,114	1,335	1,235	1,177	979	955	1,019	1,203
Insurance funds	-	262	278	239	252	251	255	259	257	245	86	90	94
Long-term prepaid expenses	-	8	5	11	10	8	16	13	8	18	29	28	41
Investment property	-	172	162	162	162	162	162	162	162	132	89	89	89
Accumulated depreciation	-	-101	-103	-105	-106	-108	-110	-111	-113	-98	-70	-71	-72
Investment property, net	-	71	59	58	56	54	53	51	49	34	19	18	17
Prepaid pension costs	-	-	74	122	376	383	386	408	434	475	515	571	616
Other	-	84	107	48	48	56	60	61	62	64	60	53	76
Allowance for doubtful accounts	-	-9	-9	-8	-10	-9	-2	-2	-2	-3	-2	-7	-7
Investments and other assets	-	1,281	1,618	1,527	1,894	1,857	2,103	2,026	1,986	1,813	1,662	1,772	2,039
Non-current assets	-	6,446	6,753	6,577	6,997	6,845	6,812	6,745	6,589	6,159	5,923	5,787	5,943
Assets	-	8,319	8,860	8,834	9,256	9,116	9,462	9,255	9,575	9,520	10,798	11,881	11,376
Notes payable - trade	-	256	292	301	274	293	301	278	300	306	304	422	36
Electronically recorded obligations - operating	-	-	-	-	-	-	-	-	-	-	-	390	285
Accounts payable - trade	-	660	701	697	739	545	733	509	500	514	676	759	509
Lease liabilities	-	97	137	132	146	162	196	227	219	192	194	137	103
Accounts payable - other	-	27	46	72	32	54	35	37	53	51	99	73	97
Accrued expenses	-	114	128	123	136	134	135	136	143	144	177	174	166
Income taxes payable	-	126	107	-	67	50	8	113	137	83	325	433	26
Advances received	-	6	2	5	7	4	5	0	11	15	121	112	43
Deposits received	-	41	48	47	48	50	50	50	57	59	60	68	72
Provision for bonuses	-	17	22	22	21	22	23	22	23	22	121	120	66
Provision for bonuses for directors (and other officers)	-	26	27	21	22	20	25	21	32	32	24	28	20
Other	-	32	45	94	66	74	51	55	119	146	162	226	43
Current liabilities	-	1,621	1,555	1,514	1,558	1,410	1,563	1,448	1,595	1,565	2,321	2,550	1,467
Lease liabilities	-	218	289	318	455	427	502	583	534	355	335	198	95
Deferred tax liabilities	-	-	-	-	-	-	-	-	182	128	165	144	275
Asset retirement obligations	-	24	24	25	25	26	26	27	27	28	28	29	76
Long-term accounts payable - other	-	-	-	-	-	-	-	-	-	-	42	42	35
Other	-	1	1	1	1	1	1	1	1	0	0	0	0
Non-current liabilities	-	388	594	621	817	784	963	1,003	968	753	570	413	482
Liabilities	-	2,009	2,149	2,135	2,375	2,193	2,526	2,452	2,563	2,318	2,892	2,962	1,949
Share capital	-	798	798	798	798	798	798	798	798	798	798	798	798
Legal capital surplus	-	600	600	600	600	600	600	600	600	600	600	600	600
Other capital surplus	-	-	-	-	-	-	-	-	-	-	6	6	6
Capital surplus	-	600	600	600	600	600	600	600	600	600	606	606	606
Legal retained earnings	-	200	200	200	200	200	200	200	200	200	200	200	200
Reserve for dividend equalization	-	300	300	300	300	300	300	300	300	300	300	300	300
General reserve	-	4,147	4,147	4,247	4,247	4,405	4,405	4,138	4,138	4,238	4,338	4,838	5,538
Retained earnings brought forward	-	234	411	367	583	479	325	595	786	907	1,484	2,055	1,815
Retained earnings	-	4,880	5,058	5,114	5,330	5,383	5,230	5,232	5,423	5,645	6,322	7,393	7,853
Treasury shares	-	-18	-19	-19	-20	-20	-21	-21	-21	-21	-35	-34	-175
Shareholders' equity	-	6,261	6,437	6,493	6,708	6,761	6,608	6,610	6,801	7,022	7,692	8,763	9,083
Valuation difference on available-for-sale securities	-	50	273	206	173	162	328	194	211	180	215	156	345
Valuation and translation adjustments	-	50	273	206	173	162	328	194	211	180	215	156	345
Net assets	6,127	6,310	6,711	6,700	6,881	6,923	6,936	6,803	7,012	7,202	7,907	8,919	9,427
Liabilities and net assets	-	8,319	8,860	8,834	9,256	9,116	9,462	9,255	9,575	9,520	10,798	11,881	11,376