| 2022/3 | 2023/3 |
Assets | | |
Current assets | | |
Cash and deposits | 41,051 | 52,600 |
Notes receivable - trade | 1,449 | 1,534 |
Electronically recorded monetary claims - operating | 9,258 | 9,683 |
Accounts receivable - trade | 110,240 | 117,881 |
Securities | 264 | 195 |
Merchandise and finished goods | 46,230 | 41,375 |
Work in process | 2,363 | 2,277 |
Raw materials and supplies | 14,013 | 12,552 |
Other | 9,388 | 7,624 |
Allowance for doubtful accounts | -275 | -153 |
Total current assets | 233,984 | 245,572 |
Non-current assets | | |
Property, plant and equipment | | |
Buildings and structures | 15,033 | 15,680 |
Accumulated depreciation | -8,108 | -8,990 |
Buildings and structures, net | 6,925 | 6,690 |
Machinery, equipment and vehicles | 14,181 | 16,187 |
Accumulated depreciation | -8,132 | -9,721 |
Machinery, equipment and vehicles, net | 6,048 | 6,466 |
Tools, furniture and fixtures | 5,697 | 5,880 |
Accumulated depreciation | -4,667 | -4,777 |
Tools, furniture and fixtures, net | 1,030 | 1,103 |
Land | 5,074 | 5,859 |
Construction in progress | 313 | 39 |
Total property, plant and equipment | 19,393 | 20,158 |
Intangible assets | | |
Goodwill | 98 | 48 |
Software | 3,021 | 2,617 |
Other | 42 | 36 |
Total intangible assets | 3,163 | 2,702 |
Investments and other assets | | |
Investment securities | 10,313 | 12,144 |
Deferred tax assets | 2,189 | 2,162 |
Guarantee deposits | 1,068 | 1,280 |
Insurance funds | 915 | 920 |
Distressed receivables | 2,295 | 4,842 |
Other | 1,171 | 1,298 |
Allowance for doubtful accounts | -2,355 | -4,864 |
Total investments and other assets | 15,598 | 17,784 |
Total non-current assets | 38,155 | 40,645 |
Total assets | 272,139 | 286,217 |
Liabilities | | |
Current liabilities | | |
Notes and accounts payable - trade | 86,493 | 79,232 |
Short-term borrowings | 23,858 | 19,585 |
Accrued expenses | 7,138 | 8,400 |
Income taxes payable | 2,834 | 6,011 |
Provision for bonuses for directors (and other officers) | 301 | 465 |
Other | 12,291 | 13,852 |
Total current liabilities | 132,918 | 127,547 |
Non-current liabilities | | |
Bonds payable | - | 10,000 |
Long-term borrowings | 25,136 | 10,600 |
Deferred tax liabilities | 2,046 | 2,634 |
Provision for retirement benefits for directors (and other officers) | 123 | 143 |
Retirement benefit liability | 2,095 | 2,148 |
Asset retirement obligations | 572 | 627 |
Other | 3,446 | 2,778 |
Total non-current liabilities | 33,421 | 28,932 |
Total liabilities | 166,339 | 156,479 |
Net assets | | |
Shareholders' equity | | |
Share capital | 12,133 | 12,133 |
Capital surplus | 14,818 | 14,820 |
Retained earnings | 77,423 | 95,945 |
Treasury shares | -5,643 | -5,614 |
Total shareholders' equity | 98,732 | 117,285 |
Accumulated other comprehensive income | | |
Valuation difference on available-for-sale securities | 1,299 | 2,534 |
Deferred gains or losses on hedges | -2 | -18 |
Foreign currency translation adjustment | 5,439 | 9,568 |
Remeasurements of defined benefit plans | 210 | 239 |
Total accumulated other comprehensive income | 6,948 | 12,322 |
Non-controlling interests | 120 | 129 |
Total net assets | 105,800 | 129,737 |
Total liabilities and net assets | 272,139 | 286,217 |