To Our Shareholders:
Matters Omitted in the Documents Delivered
Main offices
Status of employees
Status of the Company's share acquisition rights, etc.
Consolidated statement of changes in net assets Notes to Consolidated Financial Statements Non-consolidated statement of changes in net assets Notes to Non-Consolidated Financial Statements
For the 37th Fiscal Year
April 1, 2023 to March 31, 2024
Net One Systems Co., Ltd.
Pursuant to the relevant laws and regulations and the Articles of Incorporation of the Company, the above matters are not stated in the documents to be delivered to shareholders who have made a request for issuance of documents.
1
Main offices (as of March 31, 2024)
Company name | Office name | Location |
Head Office | Chiyoda-ku, Tokyo | |
Kansai Branch | Yodogawa-ku, Osaka | |
Innovation Center | Shinagawa-ku, Tokyo | |
Hokkaido Branch | Chuo-ku, Sapporo | |
Tohoku Branch | Aoba-ku, Sendai | |
Tsukuba Office | Tsukuba-shi, Ibaraki | |
Chubu Branch | Naka-ku, Nagoya | |
Toyota Office | Toyota-shi, Aichi | |
Hokuriku Office | Kanazawa-shi, Ishikawa | |
Net One Systems Co., Ltd. | Chugoku Branch | Naka-ku, Hiroshima |
Takamatsu Office | Takamatsu-shi, Kagawa | |
Kyushu Branch | Hakata-ku, Fukuoka | |
Okinawa Office | Naha-shi, Okinawa | |
Technical Center | Shinagawa-ku, Tokyo | |
Quality Assurance & | Ota-ku, Tokyo | |
Management Center | ||
Quality Assurance & | ||
Management Center West | Joto-ku, Osaka | |
Branch | ||
Kariya Satellite Office | Kariya-shi, Aichi | |
Matsuyama Satellite Office | Matsuyama-shi, Ehime | |
Net One Partners Co., Ltd. | Head Office | Chiyoda-ku, Tokyo |
Net One Next Co., Ltd. | Head Office | Chiyoda-ku, Tokyo |
2
Status of employees (as of March 31, 2024)
I. Number of employees of the Corporate Group
Name of segment, etc. | Number of | Comparison to end of | ||
employees | previous FY | |||
Enterprise Sector | 419 | Increase of 29 | ||
Telecom carrier Sector | 220 | Decrease of 31 | ||
Public Sector | 510 | Decrease of 17 | ||
Enterprise/Telecom carrier/Public common | 351 | Increase of 26 | ||
business | ||||
Partner Sector (Net One Partners Co., Ltd.) | 191 | Increase of 9 | ||
Support services for maintenance and operation | 362 | Increase of 20 | ||
Unallocable (Common) | 526 | Decrease of 5 | ||
Total | 2,579 | Increase of 31 | ||
(Note) | The number of employees includes individuals | dispatched to the Group from outside the Group | ||
but excludes individuals dispatched outside the Group from the Group. | ||||
II. Number of employees of the Company | ||||
Name of segment, etc. | Number of | Comparison to end of | ||
employees | previous FY | |||
Enterprise Sector | 419 | Increase of 29 | ||
Telecom carrier Sector | 220 | Decrease of 31 | ||
Public Sector | 510 | Decrease of 17 | ||
Enterprise /Telecom carrier/Public common | 307 | Increase of 23 | ||
business | ||||
Partner Sector (Net One Partners Co., Ltd.) | - | - | ||
Support services for maintenance and operation | 362 | Increase of 20 | ||
Unallocable (Common) | 467 | Unchanged | ||
Total | 2,285 | Increase of 24 | ||
(Note) | The number of employees includes individuals | dispatched to the Company from other companies | ||
but excludes individuals dispatched from the Company to other companies. |
3
Status of the Company's share acquisition rights, etc.
Outline of share acquisition rights under the stock compensation-type stock options plan held by Executive Directors (excluding Outside Executive Directors) of the Company as of end of FY2023
Class and | Value of | Effective period | Conditions | |||||
number of | Amount to be | assets | ||||||
Number of | shares to be | contributed | during which | for the | ||||
Name | paid in for | |||||||
Number of | share | issued upon the | upon the | the share | exercise of | Remarks | ||
(Date of resolution | share | |||||||
owners | acquisition | exercise of | exercise of | acquisition | share | |||
to issue) | acquisition | |||||||
rights | share | the share | rights are | acquisition | ||||
rights | ||||||||
acquisition | acquisition | exercisable | rights | |||||
rights | rights | |||||||
Net One Systems | 1 Executive | 2,200 shares | 90,000 yen | |||||
Co., Ltd. | Director | July 3, 2012 | ||||||
(excluding | of common | per share | 1 yen per | |||||
FY2012 share | 22 | to July 2, | (Note 1) | (Note 2) | ||||
Outside | stock of the | acquisition | share | |||||
acquisition rights | 2042 | |||||||
Executive | Company | right | ||||||
(June 14, 2012) | ||||||||
Directors) | ||||||||
Net One Systems | 1 Executive | 2,800 shares | 62,700 yen | |||||
Co., Ltd. | Director | July 2, 2013 | ||||||
(excluding | of common | per share | 1 yen per | |||||
FY2013 share | 28 | to July 1, | (Note 1) | (Note 2) | ||||
Outside | stock of the | acquisition | share | |||||
acquisition rights | 2043 | |||||||
Executive | Company | right | ||||||
(June 13, 2013) | ||||||||
Directors) | ||||||||
Net One Systems | 2 Executive | 7,200 shares | 56,400 yen | |||||
Co., Ltd. | Directors | July 4, 2014 | ||||||
(excluding | of common | per share | 1 yen per | |||||
FY2014 share | 72 | to July 3, | (Note 1) | (Note 3) | ||||
Outside | stock of the | acquisition | share | |||||
acquisition rights | 2044 | |||||||
Executive | Company | right | ||||||
(June 17, 2014) | ||||||||
Directors) | ||||||||
Net One Systems | 2 Executive | 5,000 shares | 71,700 yen | |||||
Co., Ltd. | Directors | July 3, 2015 | ||||||
(excluding | of common | per share | 1 yen per | |||||
FY2015 share | 50 | to July 2, | (Note 1) | (Note 3) | ||||
Outside | stock of the | acquisition | share | |||||
acquisition rights | 2045 | |||||||
Executive | Company | right | ||||||
(June 16, 2015) | ||||||||
Directors) | ||||||||
Net One Systems | 2 Executive | 7,400 shares | 53,100 yen | |||||
Co., Ltd. | Directors | July 5, 2016 | ||||||
(excluding | of common | per share | 1 yen per | |||||
FY2016 share | 74 | to July 4, | (Note 1) | (Note 3) | ||||
Outside | stock of the | acquisition | share | |||||
acquisition rights | 2046 | |||||||
Executive | Company | right | ||||||
(June 16, 2016) | ||||||||
Directors) | ||||||||
Net One Systems | 2 Executive | 4,200 shares | 101,400 yen | |||||
Co., Ltd. | Directors | July 4, 2017 | ||||||
(excluding | of common | per share | 1 yen per | |||||
FY2017 share | 42 | to July 3, | (Note 1) | (Note 3) | ||||
Outside | stock of the | acquisition | share | |||||
acquisition rights | 2047 | |||||||
Executive | Company | right | ||||||
(June 15, 2017) | ||||||||
Directors) | ||||||||
Net One Systems | 2 Executive | 3,000 shares | 175,400 yen | |||||
Co., Ltd. | Directors | July 3, 2018 | ||||||
(excluding | of common | per share | 1 yen per | |||||
FY2018 share | 30 | to July 2, | (Note 1) | |||||
Outside | stock of the | acquisition | share | |||||
acquisition rights | 2048 | |||||||
Executive | Company | right | ||||||
(June 14, 2018) | ||||||||
Directors) | ||||||||
Net One Systems | 2 Executive | 2,800 shares | 287,200 yen | |||||
Co., Ltd. | Directors | July 2, 2019 | ||||||
(excluding | of common | per share | 1 yen per | |||||
FY2019 share | 28 | to July 1, | (Note 1) | |||||
Outside | stock of the | acquisition | share | |||||
acquisition rights | 2049 | |||||||
Executive | Company | right | ||||||
(June 13, 2019) | ||||||||
Directors) | ||||||||
4
Class and | Value of | Effective period | Conditions | |||||
number of | Amount to be | assets | ||||||
Number of | shares to be | contributed | during which | for the | ||||
Name | paid in for | |||||||
Number of | share | issued upon the | upon the | the share | exercise of | Remarks | ||
(Date of resolution | share | |||||||
owners | acquisition | exercise of | exercise of | acquisition | share | |||
to issue) | acquisition | |||||||
rights | share | the share | rights are | acquisition | ||||
rights | ||||||||
acquisition | acquisition | exercisable | rights | |||||
rights | rights | |||||||
Net One Systems | 2 Executive | 3,200 shares | 341,400 yen | |||||
Co., Ltd. | Directors | July 2, 2020 | ||||||
(excluding | of common | per share | 1 yen per | |||||
FY2020 share | 32 | to July 1, | (Note 1) | |||||
Outside | stock of the | acquisition | share | |||||
acquisition rights | 2050 | |||||||
Executive | Company | right | ||||||
(June 11, 2020) | ||||||||
Directors) | ||||||||
Net One Systems | 2 Executive | 4,500 shares | 344,600 yen | |||||
Co., Ltd. | Directors | July 13, | ||||||
(excluding | of common | per share | 1 yen per | |||||
FY2021 share | 45 | 2021 to July | (Note 1) | |||||
Outside | stock of the | acquisition | share | |||||
acquisition rights | 12, 2051 | |||||||
Executive | Company | right | ||||||
(June 23, 2021) | ||||||||
Directors) | ||||||||
(Notes) 1. (1) Persons who have received allotment of share acquisition rights (herein, "Share Acquisition Right Holders") may only execute the share acquisition rights as one lump transaction that shall be limited to the period from the day following the day on which any position of Director, Audit & Supervisory Board Member, Executive Officer or employee (excluding consigned employees) of the Company or the Company's subsidiary during the exercise period of the share acquisition rights has been forfeited until the day on which ten days expire (if the tenth day falls on a holiday, then the next business day).
- In the event that a Share Acquisition Right Holder dies while serving or being employed in any position of Director, Audit & Supervisory Board Member, Executive Officer or employee (excluding consigned employees) of the Company or the Company's subsidiary, or between the period from the day following the day on which such position has been forfeited until the day on which ten days expire, the heir of that person may only execute the share acquisition rights as one lump transaction that shall be limited to the period from the day that follows the day on which that person died until the day on which six months expire.
- The share acquisition rights owned by one (1) Executive Director were granted prior to appointment as Executive Director.
- The share acquisition rights owned by two (2) Executive Directors were granted prior to appointment as Executive Director.
5
Consolidated statement of changes in net assets
(April 1, 2023 to March 31, 2024)
(unit: million yen)
Shareholders' equity | |||||
Capital | Capital | Retained | Treasury | ||
stock | surplus | earnings | stock | ||
Balance as of | 12,279 | 19,453 | 47,312 | (3,017) | |
April 1, 2023 | |||||
Changes of items during the | |||||
period | |||||
Dividends from surplus | (6,041) | ||||
Profit attributable to | 13,720 | ||||
owners of parent | |||||
Purchase of treasury | (7,499) | ||||
stock | |||||
Cancellation of treasury | (7,700) | 7,700 | |||
stock | |||||
186 | |||||
Disposal of treasury stock | 20 | ||||
Transfer from retained | |||||
earnings to capital | 7,680 | (7,680) | |||
surplus | |||||
Net changes of items | |||||
other than shareholders' | |||||
equity | |||||
Total changes of items | - | - | (0) | 386 | |
during the period | |||||
Balance as of | 12,279 | 19,453 | 47,312 | (2,630) | |
March 31, 2024 | |||||
Total
shareholders'
equity
76,029
(6,041)
13,720
(7,499)
-
206
-
385
76,414
6
Accumulated other | |||
comprehensive income | Share | ||
Total | |||
Deferred | accumulated | acquisition | |
gains or losses | other | rights | |
on hedges | comprehensive | ||
income | |||
Balance as of | (408) | (408) | 143 |
April 1, 2023 | |||
Changes of items during | |||
the period | |||
Dividends from surplus | |||
Profit attributable to | |||
owners of parent | |||
Purchase of treasury | |||
stock | |||
Cancellation of treasury | |||
stock | |||
Disposal of treasury stock | |||
Transfer from retained | |||
earnings to capital | |||
surplus | |||
Net changes of items other | 676 | 676 | (13) |
than shareholders' equity | |||
Total changes of items | 676 | 676 | (13) |
during the period | |||
Balance as of | 268 | 268 | 130 |
March 31, 2024 | |||
Total net
assets
75,764
(6,041)
13,720
(7,499)
-
206
-
663
1,049
76,814
7
Notes to consolidated financial statements
(Significant matters related to the basis of preparation of consolidated financial statements)
1. Matters related to the scope of consolidation | |||
(1) | Number of consolidated subsidiaries | 2 companies | |
Names of consolidated subsidiaries | Net One Partners Co., Ltd. | ||
Net One Next Co., Ltd. | |||
(2) | Names, etc. of non-consolidated subsidiaries | ||
Names of non-consolidated subsidiaries | Net One Business Operations G.K. | ||
Net One Systems USA, Inc. | |||
Net One Systems Singapore Pte. Ltd. | |||
(Reason for excluding from the consolidation) | |||
Those non-consolidated subsidiaries are small in size and their total assets, net sales, profit or | |||
loss for the Company's equity interest, and retained earnings for the Company's equity interest | |||
do not have a significant effect on the consolidated financial statements. | |||
2. Matters related to application of equity method | |||
(1) | Number of associates accounted for using equity method | None |
- Non-consolidatedsubsidiaries (Net One Business Operations G.K., Net One Systems USA, Inc., Net One Systems Singapore Pte. Ltd.) are excluded from the scope of application of the equity method, as their profit or loss for the Company's equity interest and retained earnings for the Company's equity interest do not have a significant effect on the consolidated financial statements and their impact are immaterial as a whole.
8
3. Matters related to accounting policies
- Basis and method of valuation for significant assets
- Securities
Available-for-sale securities
Securities other than shares, etc. that do not have a market price
Stated at market value. (Net unrealized holding gains or losses, net of the applicable income taxes, are directly included in a component of net assets. The cost of securities sold is measured by the moving average method.)
Shares, etc. that do not have a | Stated at cost based upon the moving average |
market price | method. |
II. Derivatives | Stated at market value |
III. Inventories | |
Merchandise | Stated at cost based upon the moving average |
method (The balance sheet amount is adjusted by | |
writing down the book value where the | |
profitability declines.) |
Costs on uncompleted construction contracts
Stated at cost based upon the specific identification method (The balance sheet amount is adjusted by writing down the book value where the profitability declines.)
-
Depreciation method for significant depreciable assets
I. Property, plant and equipment (excluding lease assets)
Declining balance method is applied for the Company and its consolidated subsidiaries in Japan.
The major useful lives of assets are:
Buildings | 3 to 18 years |
Tools, furniture and fixtures | 2 to 20 years |
II. Intangible assets (excluding lease assets)
Straight line method is applied for the Company and its consolidated subsidiaries in Japan.
The major useful lives of assets are:
Software for own use | 5 years |
Software for sale | 3 years |
9
-
Lease assets
Lease assets in finance leases that transfer ownership to the lessee
Lease assets are depreciated using the same manner to the accounting for the non-current assets owned by the Company.
Lease assets in finance leases that do not transfer ownership to the lessee
Lease assets are depreciated using the straight line method over the corresponding lease terms as useful lives with their residual values to be zero.
- Basis for significant reserves
-
Allowance for doubtful accounts
The Company and its consolidated subsidiaries recorded allowance for doubtful accounts to provide provision for possible losses on receivables, loans receivable, etc., by the historical uncollectible rate for ordinary receivables and with consideration of individual collectability of specific doubtful receivables from debtors in financial difficulties.
-
Allowance for doubtful accounts
- Provision for bonuses
The Company and its consolidated subsidiaries recorded provision for bonuses to accrue the amount for bonuses to employees of the Company for the fiscal year.
- Provision for directors' bonuses
The Company and its consolidated subsidiaries recorded provision for directors' bonuses to accrue the amount for bonuses to Executive Directors of the Company for the fiscal year.
IV Provision for executive officers' retirement benefits
In order to provide for the payment of retirement benefits to its Executive Officers, the Company recorded an estimated amount as of the end of the fiscal year ended March 31, 2024, based on the Company's internal regulations.
(4) Recognition standard for significant revenues and expenses
The major performance obligations in the major businesses of the Company and its consolidated subsidiaries and the usual time point at which revenue is recognized are described in the "Notes to revenue recognition 2. Useful information in understanding revenue."
- Other significant matters related to the basis of preparation of consolidated financial statements
-
Bases for translation of significant foreign currency denominated assets and liabilities into Japanese yen
Monetary assets and liabilities denominated in foreign currencies are translated into Japanese yen at the spot exchange rate on the closing date of the accounting period, with translation difference charged to profit or loss.
-
Bases for translation of significant foreign currency denominated assets and liabilities into Japanese yen
10
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Net One Systems Co. Ltd. published this content on 29 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2024 15:09:34 UTC.