負債合計は前期末比44百万円増加の705百万円となった。有利子負債が112百万円減少した一方で、期末日が金融機関の休業日に当たったことから未払金が48百万円、未払費用が30百万円、預り金が22百万円増加したほか、未払法人税等が27百万円増加したことによる。純資産合計は同502百万円増加の1,834百万円となった。増資に伴い資本金及び資本準備金がそれぞれ178百万円増加したほか、当期純利益の計上により利益剰余金が145百万円増加した。Performance Trends of JSH＜150A＞
2. Financial condition and performance indicators.
As of the end of March 2024, the financial situation shows total assets increased by 546 million yen from the previous year-end to reach 2,539 million yen. Current assets increased by 393 million yen due to capital increase from stock listing, with cash and deposits, as well as accounts receivable and contract assets increasing by 104 million yen. Fixed assets increased by 46 million yen due to the establishment of new farms, etc.
Total liabilities increased by 44 million yen from the previous year-end to 705 million yen. While interest-bearing debt decreased by 112 million yen, outstanding payments increased by 48 million yen, accrued expenses by 30 million yen, deposits by 22 million yen, and unpaid corporate taxes, etc. increased by 27 million yen due to the year-end falling on a financial institution holiday. Total net assets increased by 502 million yen to 1,834 million yen. With the issuance of new shares, share capital and legal reserve increased by 178 million yen each, and retained earnings increased by 145 million yen due to the recognition of net income.
Key indicators of financial stability like the equity ratio increased by 5.3 points from the previous year-end to 72.2%, while the interest-bearing debt ratio decreased by 10.1 points to 4.2%. Through the implementation of new shares, the company has strengthened its financial foundation. The company intends to allocate the raised funds towards growth investments such as opening new farms. As the required investment amount for facility investments is not significant, the strengthening of the financial foundation is expected to continue in the medium to long term along with the growth of the disability employment support business. While the revenue for the fiscal year ending March 2024 stands at 6.0% in revenue operating margin and 9.2% in ROE, the high profitability of the disability employment support business is expected to be a driver of future growth. Therefore, unless there are environmental changes such as legislative amendments altering revenue assumptions, it is anticipated that the upward trend will continue beyond the fiscal year ending March 2025.
(Written by FISCO guest analyst, Jo Sato)