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Financial Position (For Year Ended March 31)

Statement of Income and Expenses

I.Operating activities

(Unit: \1,000)

  FY2012 FY2013 FY2014 FY2015 FY2016
1.Income:          
From endowment 1,034,573 1,320,983 868,297 1,094,985 1,085,636
From special funds 608,217 818,066 702,535 1,500,464 1,209,825
Other income 60,369 42,149 116,355 305,454 132,638
Contributions/grants 500,000 0 0 393,076 459,551
Total income from operating activities 2,203,159 2,181,198 1,687,187 3,293,979 2,887,650
2.Expenses:          
Program 1,282,782 1,538,247 1,788,802 3,259,961 3,019,898
General and administrative 134,327 141,335 145,627 366,254 310,293
Total expenses from operating activities 1,417,109 1,679,582 1,934,429 3,626,215 3,330,191
Net income from operating activities 786,050 501,616 △247,242 △332,236 △442,541

II. Investing activities

(Unit: \1,000)

  FY2012 FY2013 FY2014 FY2015 FY2016
1.Income:          
Proceeds from sales of investments 68,579 201,459 555,307 12,471,754 932,018
Deposits return income 0 0 0 90,946 0
Total income from investing activities 68,579 201,459 555,307 12,562,700 932,018
2.Expenses:          
Purchase of investments 1,195,973 354,903 49,277 10,093,033 29,110
Purchase of property 123,438 82,299 55,391 1,896,735 96,010
Total expenses from investing activities 1,319,411 437,202 104,668 11,989,768 125,120
Net income from investing activities △1,250,832 △235,743 450,639 572,932 806,898

III. Financing activities

(Unit: \1,000)

  FY2012 FY2013 FY2014 FY2015 FY2016
1.Income:          
Total income from financing activities 0 0 0 0 0
2.Expenses:          
Total expenses from financing activities 0 0 0 0 0
Net income from financing activities 0 0 0 0 0
Net income △464,782 265,873 203,397 240,696 364,357
Net income, beginning of year 1,490,760 1,025,978 1,291,851 1,769,909 2,010,605
Net income, end of year 1,025,978 1,291,851 1,495,248 2,010,605 2,374,962
*Net income from merger

Statement of Changes in Net Assets

I. Net assets-unrestricted

(Unit: \1,000)

  FY2012 FY2013 FY2014 FY2015 FY2016
1. Recurring revenues and expenses          
(1) Recurring revenues 1,628,453 1,808,332 1,739,848 3,102,399 3,033,864
(2) Recurring expenses 1,466,463 1,749,374 2,009,462 3,764,947 3,600,498
  Net assets from
  recurring
  activities before
  valuation
161,990 58,958 △269,614 △662,548 △566,634
  Porfit and Loss
  on Appraisal
  in Basic Assets
285,800 430,837 150,690 △85,804 △162,836
Net assets from recurring activities 447,790 489,795 △118,924 △748,352 △729,470
2. Non-recurring revenues and expenses          
(1) Non-recurring revenues 0 97,639 99,999 232,370 0
(2) Non-recurring expenses 0 26 0 35,983 0
Net assets from non-recurring activities 0 97,612 99,999 196,387 0
Change in unrestricted, beginning of year 447,790 587,407 △18,925 △551,965 △729,470
Net assets-unrestricted, beginning of year 4,951,344 5,399,134 5,986,541 33,454,571 32,902,606
Net assets-unrestricted, end of year 5,399,134 5,986,541 5,967,616 32,902,606 32,173,136

II. Net assets-temporarily restricted

(Unit: \1,000)

  FY2012 FY2013 FY2014 FY2015 FY2016
Change in net asset-temporarily restricted 2,788,374 470,426 2,901,697 △736,762 △1,384,269
Net assets-temporarily restricted, beginning of year 75,989,813 78,778,187 79,248,613 108,044,782 107,308,020
Net assets-temporarily restricted, end of year 78,778,187 79,248,613 82,150,311 107,308,020 105,923,751

III. Total net assets, end of year

(Unit: \1,000)

  FY2012 FY2013 FY2014 FY2015 FY2016
III. Total net assets, end of year 84,177,321 85,235,154 88,117,927 140,210,626 138,096,887

Balance Sheet As of March 31st

I. Assets

(Unit: \1,000)

  FY2012 FY2013 FY2014 FY2015 FY2016
1. Current assets          
Cash and cash equivalents 581,621 581,053 413,689 722,051 2,606,496
Investments 541,648 826,904 1,171,270 1,437,640 168,323
Other current assets 320,036 325,956 304,263 658,370 468,377
  Total current
  assets
1,443,305 1,733,913 1,889,222 2,818,061 3,243,196
2. Fixed assets          
Endowment 50,805,059 50,721,828 51,905,020 65,297,011 64,733,688
Special funds (special assets) 28,766,479 29,664,467 31,714,575 64,498,873 63,274,842
Other special assets 3,202,738 3,157,803 2,651,897 3,092,110 2,589,208
Other fixed assets 236,261 263,516 245,429 5,443,255 5,219,451
  Total fixed
  assets
83,010,537 83,807,614 86,516,921 138,331,249 135,817,189
  Total assets 84,453,842 85,541,527 88,406,143 141,149,310 139,060,385

II. Liabilities

(Unit: \1,000)

  FY2012 FY2013 FY2014 FY2015 FY2016
Current liabilities 144,387 161,796 142,158 499,114 571,077
Long-term liabilities 132,134 144,576 146,058 439,570 392,421
  Total liabilities 276,521 306,373 288,216 938,684 963,498

III. Net assets

(Unit: \1,000)

  FY2012 FY2013 FY2014 FY2015 FY2016
1. Net assets-temporarily restricted 78,778,187 79,248,613 82,150,311 107,308,020 105,923,752
  To
  endowment
(50,404,591) (50,289,737) (51,462,214) (59,103,549) (58,552,539)
  To special
  assets
(28,373,596) (28,958,876) (30,688,097) (48,204,471) (47,371,213)
2. Net assets-unrestricted 5,399,134 5,986,541 5,967,616 32,902,606 32,173,135
  To
  endowment
(400,468) (432,091) (442,807) (6,193,461) (6,193,461)
  To special
  assets
(3,475,265) (3,728,774) (3,536,873) (18,979,356) (18,979,356)
  Total net
  assets
84,177,321 85,235,154 88,117,927 140,210,626 138,096,887
  Total
  liabilities
  and net
  assets
84,453,842 85,541,527 88,406,143 141,149,310 139,060,385

Changes in Assets

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