Overview of financial results for FY2020

As of the end of the fiscal year under review, total assets increased ¥3,067 million from September 30, 2019, to ¥30,547 million.

Assets

Current assets increased ¥1,274 million, mainly reflecting an increase in cash and deposits. Non-current assets increased ¥1,793 million, chiefly due to rises in goodwill and customer-related assets resulting from the accepted transfer of businesses, such as the musico music streaming website, which more than offset a decrease in software.

liabilities

Current liabilities increased ¥451 million, primarily reflecting an increase in current portion of long-term borrowings and accounts payable-other a decrease in accounts payable-trade. Non-current liabilities climbed ¥2,900 million, chiefly due to a rise in long-term borrowings.

Net asset

Net assets decreased ¥283 million, attributable to a rise in non-controlling interests and ¥506 million posted as profit attributable to owners of parent, which offset cash dividends paid and a decrease in valuation difference onavailable-for-sale securities.

Consolidated financial statements
(Millions of yen)
2016/9 2017/9 2018/9 2019/9 2020/9
Total assets 25,154 23,897 23,896 27,479 30,547
Liabilities 7,301 5,960 5,088 5,685 9,036
Shareholders’ equity 17,425 17,022 17,852 19,598 19,112
Net assets 17,852 17,937 18,808 21,794 21,510
Equity ratio (%) 68.8 71.2 75.2 72.3 62.7
ROE(%)*1 19.9 8.4 9.3 8.0 2.6
ROA(%)*2 21.3 16.2 13.0 12.2 7.2

*1 ROE(%)=(Profit (loss)/Average shareholders’ equity) × 100
*2 ROA(%)=(Ordinary income (loss)/Average total assets)× 100