MARUI CO., LTD.

CONSOLIDATED BALANCE SHEETS
Marui Co., Ltd. and Its Consolidated Subsidiaries
September 30 and January 31, 2003
Thousands of
U.S. dollars
Millions of yen (Note 3)
ASSETS 2003/9 2003/1 2003/9
Current assets:
Cash (Note 4)................................................................................................. ¥ 68,616 ¥ 64,754 $ 618,162
Receivables:
– Merchandise sales........................................................................................ 39,013 45,054 351,468
– Consumer loans .......................................................................................... 217,214 210,670 1,956,883
– Allowance for doubtful accounts ................................................................ (8,900) (7,800) (80,180)
247,327 247,924 2,228,171
Securities (Note 6) ......................................................................................... 10,000 – 90,090
Inventories (Note 5)....................................................................................... 52,041 51,566 468,838
Deferred income tax assets (Note 11)............................................................ 9,490 3,150 85,496
Other current assets ....................................................................................... 26,172 13,435 235,784
Total current assets.................................................................................. 413,646 380,829 3,726,541
Property and equipment, at cost:
Land ............................................................................................................... 94,213 107,784 848,766
Buildings and improvements ......................................................................... 263,737 267,662 2,376,009
Store fixtures and equipment......................................................................... 39,832 39,707 358,847
Construction in progress................................................................................ 8,768 6,564 78,991
406,550 421,717 3,662,613
Less accumulated depreciation ...................................................................... (190,630) (192,586) (1,717,388)
Net property and equipment................................................................... 215,920 229,131 1,945,225
Other assets:
Investments in securities (Note 6)................................................................. 11,434 19,474 103,009
Prepaid rents and lease deposits – principally for stores (Note 7)................. 64,096 72,673 577,441
Deferred income tax assets (Note 11)............................................................ 5,800 17,530 52,252
Other assets.................................................................................................... 23,261 10,264 209,559
Total other assets..................................................................................... 104,591 119,941 942,261
¥ 734,157 ¥ 729,901 $ 6,614,027
See accompanying notes to consolidated financial statements.
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