4 Nov 2008 10:19
October 31, 2008
To all stakeholders
Company name: SFCG Co., Ltd.
Representative officer: Kenshin Oshima
Chairman and CEO
(Security code: 8597, 1st section of Tokyo Stock Exchange)
Enquiry: Toshihiro Takeshita
Director and General Manager
Accounting Division
TEL +813-3270-4177 (03-3270-4177)
Notice of Results of Operations of Parent Company, Etc.
KE Holdings Co., Ltd., the privately owned parent company of SFCG Co., Ltd., has completed its financial statements for the fiscal year that ended on July 31, 2008. These financial statements and other information are presented below.
1. Name, etc. of parent company, etc.
(1) Name KE Holdings Co., Ltd.
(2) Representative Kenshin Oshima, Representative Director
(3) Activities Oversight of subsidiaries, real estate leasing, investments
(4) Relationship with SFCG
Capital: KE Holdings holds 44.53% of SFCG's voting rights (as of July 31, 2008)
Personnel: Two KE Holdings directors also serve as SFCG directors (as of July 31, 2008)
Business: SFCG has signed management guidance and outsourcing contracts with KE Holdings
2. Ownership Breakdown, Major Shareholders, Directors and Auditors
(1) Ownership Breakdown
Category | Types of shareholder | Number of Odd lot shares (shares) | |||||||
Govt. and Local public agencies | Financial Institutions | Financial Instruments Business Operators | Other Corporations | Foreign Investors | Individuals and Others | Total | |||
Other than individuals | Individuals | ||||||||
Number of shareholders | ― | ― | ― | ― | 2 | ― | 4 | 6 | ― |
Number of shares held | ― | ― | ― | ― | 187 | ― | 1,813 | 2,000 | ― |
Pct. of shares issued | ― | ― | ― | ― | 9.37 | ― | 90.63 | 100.00 | ― |
(2) Major Shareholders As of July 31,2008
Name | Address | Shares held | Pct. of shares Issued |
Kenshin Oshima | ― | 676 | 33.80 |
Yoshihito Oshima, | ― | 538 | 26.92 |
Yuriko Oshima | ― | 418 | 20.94 |
Total | ― | 1,633 | 81.66 |
(3) Directors and Auditors As of July 31,2008
Title | Name | Shares held |
Representative Director | Kenshin Oshima | 676 |
Director | Naoki Yoshida | ― |
Director | Wataru Kikuchi | ― |
Corporate Auditor | Nobuhiro Tsuruta | ― |
Total | 676 |
3. Financial Statements
(1) Balance sheets
Account | Notes | Fiscal year ended July 2007 (As of July 31, 2007) | Fiscal year ended July 2008 (As of July 31, 2008) | ||||
Amount (thousand yen) | Vs. Total (%) | Amount (thousand yen) | Vs. Total (%) | ||||
ASSETS | |||||||
Current assets | |||||||
1. Cash and deposits | 200,511 | 101,381 | |||||
2. Account Receivable | 5,250 | 5,250 | |||||
3. Prepaid expenses | 1,086 | 1,086 | |||||
4. Advances | ― | 31 | |||||
5. Other receivables | 972,121 | 976,583 | |||||
6.Tax refunds receivable | ― | 163,296 | |||||
Total current assets | 1,178,969 | 3.8 | 1,247,629 | 19.0 | |||
Non-current assets | |||||||
(1) Property and equipment | |||||||
1. Buildings | 34,624 | 34,624 | |||||
Accumulated amortization | 10,731 | 23,892 | 11,595 | 23,029 | |||
2. Tools and fixtures | 840 | 840 | |||||
Accumulated amortization | 232 | 607 | 457 | 383 | |||
3. Land | 15,797 | 15,797 | |||||
Total property and equipment | 40,298 | 0.7 | 39,211 | 0.6 | |||
(2) Investments and other assets | |||||||
1.Investments in affiliates | 5,266,100 | 5,266,100 | |||||
Total investments and other assets | 5,266,100 | 95.5 | 5,266,100 | 80.4 | |||
Total non-current assets | 5,306,399 | 96.2 | 5,305,311 | 81.0 | |||
Total Assets | 6,485,368 | 100.0 | 6,552,941 | 100.0 |
LIABILITIES | |||||||
Current liabilities | |||||||
1.Short-term debt | 1,650,000 | 100,000 | |||||
2. Other accounts payable | 0 | ― | |||||
3. Accrued expenses | 37,056 | 2,479 | |||||
4. Deposits | 12,080 | 11,975 | |||||
5. Accrued income taxes | 55,349 | 475 | |||||
6. Accrued consumption taxes | 7,311 | 2,445 | |||||
7. Advance received | 181 | ― | |||||
8. Suspense Receipts | ― | 30,000 | |||||
Total current Liabilities | 1,761,978 | 27.2 | 147,375 | 2.2 | |||
Non-current liabilities | |||||||
1. Guarantee deposits | 591 | 414 | |||||
Total non-current liabilities | 591 | 0.0 | 414 | 0.0 | |||
Total Liabilities | 1,762,569 | 27.2 | 147,789 | 2.3 | |||
NET ASSETS | |||||||
Shareholders' equity | |||||||
1.Common stock | 100,000 | 1.5 | 100,000 | 1.5 | |||
2.Capital surplus | |||||||
(1) Capital legal reserve | 1,316,397 | 1,316,397 | |||||
Total Capital surplus | 1,316,397 | 20.3 | 1,316,397 | 20.1 | |||
3. Retained earnings | |||||||
(1) Other retained earnings | |||||||
Retained earnings brought forward | 3,306,401 | 4,988,754 | |||||
Total retained earnings | 3,306,401 | 51.0 | 4,988,754 | 76.1 | |||
Total shareholders' equity | 4,722,799 | 72.8 | 6,405,152 | 97.7 | |||
Total Net Assets | 4,722,799 | 72.8 | 6,405,152 | 97.7 | |||
Total Liabilities and Net Assets | 6,485,368 | 100.0 | 6,552,941 | 100.0 | |||
(2) Statements of income
Account | Notes | Fiscal year ended July 2007 (August 1, 2006-July 31, 2007) | Fiscal year ended July 2008 (August 1, 2007-July 31, 2008) | ||||
Amount (thousand yen) | Vs. Total (%) | Amount (thousand yen) | Vs. Total (%) | ||||
Sales | 4,072,966 | 100.0 | 2,128,666 | 100.0 | |||
Cost of sales | |||||||
1. Administrative expenses | 949 | 1,444 | |||||
2. Depreciation | 740 | 1,689 | 0.0 | 740 | 2,184 | 0.1 | |
Gross profit | 4,071,276 | 99.9 | 2,126,481 | 99.9 | |||
Selling, general and administrative Expenses | 452,569 | 11.1 | 440,319 | 20.7 | |||
Operating Profit(Loss) | 3,618,707 | 88.8 | 1,686,162 | 79.2 | |||
Non-operating revenue | |||||||
1. Fees on Lending Securities | ― | ― | 22,326 | ||||
2. Miscellaneous income | 0 | 0 | 0.0 | 66 | 22,393 | 1.1 | |
Non-operating expenses | |||||||
1.Interest expenses | 31,248 | 23,893 | |||||
2. Amortization of deferred assets | ― | ― | |||||
3. Miscellaneous losses | ― | 31,248 | 0.7 | 1,359 | 25,252 | 1.2 | |
Recurring Profit | 3,587,458 | 88.1 | 1,683,303 | 79.1 | |||
Extraordinary profit | ― | ― | ― | ||||
Extraordinary loss | ― | ― | ― | ||||
Income before income taxes, and minority interests | 3,587,458 | 88.1 | 1,683,303 | 79.1 | |||
Income taxes (Income Tax, Inhabitant Taxes, Enterprise Tax) | 259,494 | 6.4 | 950 | 0.0 | |||
Net income | 3,327,963 | 81.7 | 1,682,353 | 79.0 | |||
(3) Statement of Changes in Shareholders' Equity
Fiscal year ended July 2007 (August 1, 2006 ― July 31, 2007)
(yen in thousands)
Shareholders' equity | Total net assets | ||||||
Common Stock | Capital surplus | Retained earnings | Total shareholders' equity | ||||
Capital legal reserve | Total Capital surplus | Other retained earnings | Total Retained earnings | ||||
Retained earnings brought forward | |||||||
Balance as of July 31, 2006 | 100,000 | 1,316,397 | 1,316,397 | 21,561 | 21,561 | 1,394,835 | 1,394,835 |
Changes in current fiscal year | |||||||
Net income | 3,327,963 | 3,327,963 | 3,327,963 | 3,327,963 | |||
Aggregate change in the current fiscal year | ― | ― | ― | 3,327,963 | 3,327,963 | 3,327,963 | 3,327,963 |
Balance as of July 31, 2007 | 100,000 | 1,316,397 | 1,316,397 | 3,306,401 | 3,306,401 | 4,722,799 | 4,722,799 |
Fiscal year ended July 2008 (August 1, 2007 ― July 31, 2008)
(yen in thousands)
Shareholders' equity | Total net assets | ||||||
Common Stock | Capital surplus | Retained earnings | Total shareholders' equity | ||||
Capital legal reserve | Total Capital surplus | Other retained earnings | Total Retained earnings | ||||
Retained earnings brought forward | |||||||
Balance as of July 31, 2007 | 100,000 | 1,316,397 | 1,316,397 | 3,306,401 | 3,306,401 | 4,722,799 | 4,722,799 |
Changes in current fiscal year | |||||||
Net income | 1,682,353 | 1,682,353 | 1,682,353 | 1,682,353 | |||
Aggregate change in the current fiscal year | ― | ― | ― | 1,682,353 | 1,682,353 | 1,682,353 | 1,682,353 |
Balance as of July 31, 2008 | 100,000 | 1,316,397 | 1,316,397 | 4,988,754 | 4,988,754 | 6,405,152 | 6,405,152 |
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