Consolidated Balance Sheets

(unit: million yen)

As of March 31	2022	2023	2024
ASSETS
Current assets	899,870	1,217,914	1,303,945
Cash and deposits	179,769	453,502	363,945
Notes and accounts receivable assets- trade, and contract	364,683	460,111	454,276
Lease receivables and investments in leases	17,824	17,125	18,334
Merchandise and finished goods	3,467	6,030	34,476
Work in process	12,083	15,653	13,249
Raw materials and supplies	67,135	135,769	89,810
Other current assets	258,623	131,842	331,570
Allowance for doubtful accounts	-3,714	-2,122	-1,718
Non-current assets	2,287,757	2,363,511	2,584,910
Property, plant and equipment	1,569,373	1,582,904	1,445,585
Buildings and structures, net	338,517	346,262	318,445
Machinery, equipment and vehicles, net	892,515	921,572	828,076
Tools, furniture and fixtures, net	14,484	10,714	9,883
Land	192,455	197,245	180,647
Leased assets, net	5,899	8,231	7,553
Construction in progress	125,501	98,878	100,979
Intangible assets	300,315	314,533	681,637
Investments and other assets	418,068	466,073	457,687
Investment securities	236,303	278,497	293,923
Long-term loans receivable	48,653	56,550	16,767
Retirement benefit asset	5,864	8,809	19,457
Deferred tax assets	34,670	32,849	19,841
Other investments	94,223	93,649	110,053
Allowance for doubtful accounts	-1,647	-4,283	-2,355
Total assets	3,187,627	3,581,425	3,888,855
Liabilities
Current liabilities	551,990	606,158	669,997
Notes and accounts payable - trade	76,229	79,041	96,013
Short-term borrowings	6,385	6,674	9,421
Current portion of bonds payable	-	20,000	20,000
Current portion of long-term borrowings	48,972	59,973	44,577
Income taxes payable	33,830	118,636	38,695
Other current liabilities	386,573	321,832	461,289
Non-current liabilities	1,354,486	1,385,965	1,485,639
Bonds payable	548,619	548,976	638,660
Long-term borrowings	568,725	607,262	631,683
Retirement benefit liability	66,195	64,570	62,908
Other noncurrent liabilities	170,947	165,157	152,382
Total liabilities	1,906,477	1,992,124	2,155,636
Net assets
Shareholders' equity	1,215,350	1,449,094	1,481,841
Share capital	141,844	141,844	141,844
Capital surplus	846	-	4,109
Retained earnings	1,076,184	1,310,908	1,340,347
Treasury shares	-3,524	-3,658	-4,459
Accumulated other comprehensive income	36,430	109,309	213,906
Valuation difference on available -for-sale securities	18,866	30,954	59,727
Deferred gains or losses on hedges	-11,904	-9,626	31,322
Foreign currency translation adjustment	32,545	86,226	115,170
Remeasurements of defined benefit plans	-3,076	1,754	7,685
Non-controlling interests	29,368	30,896	37,471
Total net assets	1,281,150	1,589,301	1,733,218
Total liabilities and net assets	3,187,627	3,581,425	3,888,855

(unit: million yen)

As of March 31	2020	2021
ASSETS
Non-current assets	1,977,487	2,187,623
Property, plant and equipment	1,459,532	1,495,927
Production facilities	224,515	231,177
Distribution facilities	548,095	594,662
Service and maintenance facilities	48,492	15,992
Other facilities	475,565	564,811
Construction in progress	162,862	89,283
Intangible assets	156,123	295,637
Investments and other assets	361,831	396,057
Investment securities	216,052	230,782
Long-term loans receivable	50,615	57,279
Retirement benefit asset	29	114
Deferred tax assets	49,132	47,368
Other	46,407	60,814
Allowance for doubtful accounts	-405	-301
Current assets	562,431	550,725
Cash and deposits	151,288	157,881
Notes and accounts receivable - trade	221,123	218,985
Lease receivables and lease investment assets	20,363	19,618
Inventories	78,477	60,040
Deferred tax assets	-	-
Other	91,748	95,058
Allowance for doubtful accounts	-570	-857
Total assets	2,539,919	2,738,348
Liabilities
Non-current liabilities	1,010,676	1,145,067
Bonds payable	404,998	474,998
Long-term loans payable	429,541	458,881
Net difined benefit liabilities	71,976	58,416
Other	104,159	152,771
Current liabilities	370,104	415,010
Current portion of non-current liabilities	54,428	108,704
Notes and accounts payable - trade	78,593	84,265
Short-term loans payable	6,507	5,706
Income taxes patyable	29,708	11,710
Other	200,865	204,623
Total liabilities	1,380,780	1,560,077
Net Assets
Shareholders' equity	1,107,754	1,129,845
Capital stock	141,844	141,844
Capital surplus	2,067	1,145
Retained earnings	967,718	990,762
Treasury shares	-3,875	-3,907
Accumulated other comprehensive income	39,992	23,968
Valuation difference on available-for-sale securities	15,843	22,990
Defferred gains or losses on hedges	1,444	-11,240
Foreign currency translation adjustment	22,412	4,322
Remeasurements of defined benefit plans	292	7,895
Non-controlling interest	11,391	24,457
Total net assets	1,159,138	1,178,271
Total liabilities and net assets	2,539,919	2,738,348

* Some items in the accompanying financial statements have been summarized to preserve simplicity. Such changes are unaudited.
* The scope of consolidation was 104 companies as of March 31, 2024.
* Changes from "Gas Business Accounting Rules" to "Ordinance of Consolidated Financial Statements" since the fiscal year ended March 31, 2023.
* Effective the fiscal year ended March 2023, the basis for financial statements was changed from the "Rules for Gas Business Accounting" to "Regulations on Financial Statements." (The financial statements for the fiscal year ended March 2022 were reclassified based on the "Regulations on Financial Statements.")
* Effective the fiscal year ended March 2024, receivables related to the shale gas business, previously included in “Other current assets” under “Current assets,” were changed to be included in “Notes and accounts receivable – trade, and contract assets” under “Current assets.”
Payables related to the shale gas business, previously included in “Other current liabilities” under “Current liabilities,” were changed to be included in “Notes and accounts payable – trade” under “Current liabilities.”

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