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Next, I will provide an overview of the balance sheet at the end of the fiscal year under review.
Total assets at the end of March 2014 increased ¥71.4 billion, to ¥1,789.8 billion, primarily reflecting the recording of Real estate for sale and goodwill as a result of the establishment of a holding company.
Total liabilities also rose ¥9.2 billion from the end of the previous fiscal year, chiefly due to an increase in interest-bearing debt.
Interest-bearing debt was ¥991 billion at the end of March 2014. Equity increased ¥95.8 billion, mainly as a result of the establishment of a holding company. Meanwhile, the DE ratio stood at 2.7 and the equity ratio came to 20.4%.
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