Balance Sheets-2

Consolidated Balance Sheets-2

(Millions of yen)

	As of May 31, 2017	As of May 31, 2018
LIABILITIES
Current liabilities
Accounts payable-trade	5,850	6,545
Short-term loans payable	5,362	6,219
Lease obligations	514	781
Accounts payable-other	7,133	7,533
Accrued expenses	14,140	16,583
Income taxes payable	1,730	2,210
Accrued consumption taxes	3,427	4,128
Unearned revenue	1,630	1,527
Provision for bonuses	3,189	3,811
Provision for directors' bonuses	27	48
Asset retirement obligations	97	42
Other	6,705	8,196
Total current liabilities	49,811	57,630
Non-current liabilities
Bonds payable	-	344
Long-term loans payable	12,017	14,116
Lease obligations	839	1,817
Provision for directors’ stock benefit	28	170
Provision for employees’ stock grant	34	141
Net defined benefit liability	1,829	1,949
Deferred tax liabilities	365	370
Asset retirement obligations	879	1,482
Other	716	882
Total non-current liabilities	16,710	21,274
Total liabilities	66,522	78,905
NET ASSETS
Shareholders' equity
Capital stock	5,000	5,000
Capital surplus	5,013	6,967
Retained earnings	12,593	13,461
Treasury shares	(4,008)	(2,194)
Total shareholders' equity	18,598	23,233
Other comprehensive income
Valuation difference on available-for-sale securities	293	345
Foreign currency translation adjustment	90	9
Remeasurements of defined benefit plans	74	39
Total other comprehensive income	458	394
Non-controlling interests	9,006	10,261
Total net assets	28,062	33,889
Total liabilities and net assets	94,584	112,795