Financial Position Total assets at fiscal year-end stood at  ¥1,033.5 billion, down ¥15.3 billion from  March 31, 2009. Current assets declined  ¥13.7 billion to ¥522.0 billion on account  of a ¥14.9 billion decline in inventories,  which stemmed from work to trim   inventories and adjust production to  match falling demand, and other factors.  Property, plant and equipment  decreased ¥14.5 billion on account of  impairment losses and other factors.  Total investments and other assets  increased ¥12.9 billion, reflecting a ¥4.7  billion increase in goodwill resulting from  M&As, and a ¥5.2 billion increase in  investments in securities. Total equity at fiscal year-end totaled  ¥516.3 billion, and the equity ratio was  49.7%, compared with 50.6% a year  earlier. (¥ billion) 1,086.0 1,149.7 1,061.0 1,033.5 1,048.8 0 2008 2006 2007 2010 2009 1,200 900 600 300 (%) 49.0 2008 2006 2007 2010 2009 53.0 52.0 51.0 50.0 51.7 51.4 52.1 49.7 50.6 (¥ billion) 561.4 594.3 556.1 516.3 533.1 0 2008 2006 2007 2010 2009 600 400 200 (%) –5.0 2008 2006 2007 2010 2009 10.0 5.0 0 4.1 6.1 3.1 –1.0 0.1 2.1 3.1 1.6 0.04 –0.5 ■  ROE  ■  ROA Total Equity  ROE/ROA  Total Assets  Equity Ratio  Cash and cash equivalents Short-term investments Inventories Other current assets Property, Plant and Equipment Investments and Other Assets Down ¥15.3 billion  year on year 1,048.8 15.3 –24.7 40 Notes and accounts receivable 4.0 –14.9 6.6 –14.5 12.9 1,033.5 2009 2010 1,048.8 –0.8 –56.7 55.0 –2.0 6.0 –17.1 0.3 1,033.5 2009 2010 Short-term bank loans Current portion of long-term debt Long-term debt Notes and accounts payable Other liabilities Retained earnings Other equity Down ¥15.3 billion  year on year Liabilities and Equity  (Billions of yen) Assets  (Billions of yen) JS Group Corporation Annual Report 2010 54