TOP About TaihoConsolidated Financial Statements

Consolidated Financial Statements

Consolidated Balance Sheets

Taiho Pharmaceutical Co., Ltd. As of March 31, 2011 and March 31, 2010

ASSETS	Millions of yen		Thousands of U.S. Dollars
ASSETS	2010	2009	2010
Current assets
Cash on hand and in banks	¥116,242	¥128,225	$1,400,506
Trade notes and accounts receivable	48,539	44,527	584,809
Marketable securities	33,394	24,144	402,343
Inventories	15,132	14,624	182,320
Short-term loans receivable from subsidiaries and affiliates	10,000	10,000	120,481
Deferred income taxes	2,149	2,233	25,895
Other current assets	15,381	2,996	185,319
Total current assets	240,839	226,753	2,901,676
Property, plant and equipment - Less accumulated
Buildings and structures	11,569	12,160	139,394
Machinery and equipment, and Vehicles	3,117	3,583	37,560
Land	17,007	17,100	204,914
Construction in progress	267	84	3,217
Other	4,296	4,789	51,770
Total property, plant and equipment, net	36,259	37,719	436,857
Intangible assets	4,398	2,673	52,992
Investments and other assets
Investment securities	56,801	64,033	684,358
Deferred income taxes	4,852	4,345	58,467
Other investments and other assets	11,790	11,153	142,052
Allowance for doubtful accounts	(58)	(58)	(708)
Total investments and other assets	73,386	79,473	884,168
Total assets	354,882	346,619	4,275,694
LIABILITIES AND SHAREHOLDERS’ EQUITY	Millions of yen		Thousands of U.S. dollars
LIABILITIES AND SHAREHOLDERS’ EQUITY	2010	2009	2010
Current liabilities
Trade notes and accounts payable	7,242	6,171	87,255
Other accounts payable	7,697	6,788	92,735
Accrued income taxes	3,162	2,260	38,097
Other current liabilities	7,460	9,076	89,886
Capital expenditures	25,561	24,297	307,974
Fixed liabilities
Accrued pension liabilities	8,690	8,195	104,701
Other long-term liabilities	1,297	1,107	15,629
Total fixed liabilities	9,987	9,303	120,330
Shareholders' equity
Common stock,without par value Authorized: 800,000 shares, Issued: 400,000 shares	200	200	2,409
Capital surplus	15	15	180
Retained earnings	318,046	311,418	3,831,890
Unrealized holding gains on securities	1,071	1,385	12,907
Total shareholders' equity	319,333	313,019	3,847,389
Total liabilities and shareholders' equity	354,882	346,619	4,275,694

Notes:
1)Amounts have been rounded down to millions of yen or thousands of U.S. dollars.
2)Accumulated depreciation of property, plant and equipment: ¥64,672million.
3)In addition to fixed assets of the balance sheets, leased equipment, including computers used in the Company's operations, is treated as a principal fixed asset. In fiscal 2010, lease payments totaled ¥44million.
4)U.S. dollar amounts are translated from yen, for convenience only, at the rate of ¥83=US$1, the approximate exchange rate at March 31,2011.

Consolidated Statements of Income and Retained Earnings

Taiho Pharmaceutical Co., Ltd. and Consolidated Subsidiaries
Fiscal years ended March 31, 2010 and June 30, 2009

ASSETS	Millions of yen		Thousands of U.S. Dollars
ASSETS	2010	2009	2010
Net sales	¥123,581	¥120,716	$1,488,934
Cost of sales	32,523	31,163	391,847
Gross profit	91,058	89,552	1,097,087
Selling, general and administrative expenses	75,279	74,988	906,986
Operating income	15,778	14,564	190,100
Other income (expenses)
Interest and dividends income	1,030	1,101	12,417
Interest expense	(0)	(0)	(6)
Other	1,209	571	14,577
	2,240	1,671	26,989
Income before income taxes	18,018	16,236	217,089
Income taxes
Current	6,056	6,017	72,966
Deferred	(165)	(245)	(1,997)
	5,890	5,771	70,969
Net income	12,127	10,464	146,120
Retained earnings
Opening balance	311,418	304,954	3,752,035
Additions
Net income	12,127	10,464	146,120
Deductions
Cash dividends paid	(5,500)	(4,000)	(66,265)
Balance at end of the year	318,046	311,418	3,831,890

Notes:
1)Amounts have been rounded down to millions of yen or thousands of U.S. dollars.
2)U.S. dollar amounts are translated from yen, for convenience only, at the rate of ¥83=US$1, the approximate exchange rate at March 31,2011

	yen		U.S. dollars
Amounts per share of common stock
Net income	¥30,319.91	¥26,161.75	$365.30
Cash dividends applicable to the year	15,000	13,750	180.72

Notes:
U.S. dollar amounts are translated from yen, for convenience only, at the rate of ¥83=US$1, the approximate exchange rate at March 31,2011

Top of Page