当社の財務状況について

バリ島旅行の専門店バリ王

Q & A related to our financial safety of INTERNATIONAL DEVELOPERS, INC.

(INTERNATIONAL DEVELOPERS, INC. HERE AFTER “IDI”)

Is there any problem with cash flow? Is there a loan from a financial institution?

A The balance of the year-end loan from financial institutions is 0 yen (no debt) from in 2009 to current (April 2, 2024). There is no problem with cash flow because there is nothing other loans or any pertaining to loans.

2009 Year-end	2010 Year-end	2011 Year-end	2012 Year-end	2013 Year-end	2014 Year-end	2015 Year-end	2016 Year-end
0 yen	0 yen	0 yen	0 yen	0 yen	0 yen	0 yen	0 yen

2017 Year-end	2018 Year-end	2019 Year-end	2020 Year-end	2021 Year-end	2022 Year-end	2023 Year-end
0 yen	0 yen	0 yen	0 yen	0 yen	0 yen	0 yen

How much is the IDI 's capital?

A The capital of the company is 100 million yen.
For reference, the standard asset value required for the travel industry prescribed by the Travel Business Law is as shown in the table below. (Our company is the first type of travel industry.)

Article 3 of travel industry regulations in Japan:

Travel Industry	Standard capital amount
1st type of travel industry in Japan	30 million yen
2nd type of travel industry in Japan	7 million yen
3rd type of travel industry in Japan	3 million yen

Q3

Has the management statement been accurately prepared?

A

A At IDI,we comply with strict accounting standards and prepare financial statements.
In addition, since the IDI falls under the unlisted company, capital of 500 million yen or less, debt of 20 billion yen or less, there is no legal obligation in audit of accounts in Japan. However, in order to raise the company's own social trust,we have been receiving accounting audits by certified public accountants every fiscal year for each settlement of accounts.
Q4

Why IDI thinks it is necessary to conduct accounting audit?

A

A Although we do not have any legal obligation to audit the accounts, we believe that reliability will be secured by receiving the accounts auditBased on strict accounting treatment we will prepare the statement of accounts.
（We are subject to accounting audits of certified public accountants with the aim of creating a financial statement as more objective indicator of management judgment.　）

Do you have any other indicators to understand the company's financial situation?

There are indices commonly used to know the soundness of the company's financial situation.
When applying our latest accounts, it is as follows.

	IDI December in 2023	Listed Travel Company A October in2023	Listed Travel Company B March in 2023	Listed Travel Company C March in 2023	Average Rate (according to a survey by T company)
Current Ratio	175.8%	91.4%	59.4%	117.0%	206.4%
Fixed Ratio	15.4%	439.3%	-31.7%	105.4%	62.1%
Debt Equity Ratio (DER)	118.6%	651.7%	-249.9%	434.4%	167.8%
Capital Adequacy Ratio	45.7%	13.3%	-66.2%※	18.7%	37.3%
Interest-bearing debt composition ratio	0.0%	66.6%	134.1%	5.4%	20.1%

※Capital Adequacy is Negative ⇒insolvent condition（B Co.）

Glossary

❶ Current Ratio: Indicators showing short-term debt service ability of corporate finance.Generally, it is said that safety is high if it is 100% or more.
❷ Fixed Ratio: Indicators showing long-term ability to pay corporate finance.In general, if it is within 100%, finance is said to be sound.
❸ Debt Equity Ratio (DER): Indicator showing medium to long-term soundness of corporate finance.
In general, the lower the debt ratio is, the higher repayment capacity is, and the financial stability is said to be high.
❹ Capital Adequacy Ratio: Indicator showing corporate finance funding capacity.
In general it is considered healthy if it is 20 to 30%, it is said that it is ideal if it exceeds 50%. Conversely, if it is less than 10% it is judged to be under capital.
*By market in Japan, these are approximate to the last because they vary according to company size and industry.
❺ Interest-bearing debt ratio: This is the ratio that shows how much interest-bearing debt is relative to equity. Since many small and medium-sized enterprises do not issue corporate bonds, interest-bearing debt for small and medium-sized enterprises mostly refers to the sum of short-term loans and long-term loans. In the case of the interest-bearing debt ratio, the lower the number, the more stable the company's management. The appropriate level of interest-bearing debt ratio for small and medium-sized enterprises is considered to be 100% or less.