4-2-1　Ordinary Expense Subsidies for Private Universities

The amount of subsidies for current expenses of private universities this year is 2,187 million yen (down 145 million yen compared to the previous year) and 60 million yen for junior colleges.

4-2-2　MEXT grants

（１）Grants under Project for Establishing Core Universities for Internationalization

Since AY2009, Sophia University has gained recognition for its globalization efforts and has been granted subsidies under the MEXT-led “Project for Establishment University Network for Internationalization (Global 30),” the “Project for Promotion of Global Human Resource Development,” the “Re-Inventing Japan Program” and the “Top Global University Project.” In AY2015, Sophia University was also selected for the “Re-inventing Japan Project (Support for the formation of Collaborative Programs with Universities in Latin America).” In AY2018, Sophia University was selected for the “Re-inventing Japan Project (Support for the formation of Collaborative Programs with Universities in the U.S. utilizing COIL type education).”

（２）Subsidies for facilities, equipment and devices

Sophia University received 86 million yen as Private School Facilities Disaster Relief Subsidy in AY2011, and 191 million yen as Private School Facilities Expenses Subsidy in AY2013, and 75 million yen as an ICT Utilization Promotion Project Subsidy in AY2021.

（３）Other government subsidies

Other government subsidies include the Interest Subsidy and the Subsidy for Promoting University Reform. In AY2012, the Subsidy for Development of Human Resources in Science and Technology was terminated, thus resulting in a decreasing trend in government subsidies.

4-2-3　Statement of revenue and expenditure

In AY2021, the balance of current revenue and expenditure after the transfer to Capital fund was 377 million yen, 2,182 million yen more than the budget amount. In addition, due to the reversal of Capital fund of 71 million yen due to the disposal of equipment and fixtures, and books in association with the closure of the School of Social Welfare, the balance of revenue and expenditure carried forward to next year decreased by 2,253 million yen to -8,123 million yen compared to the budget amount.

This fiscal year’s settlement had two features: one was that owing to the COVID-19 situation continuing from the previous year, few domestic and overseas business trips were made and overall expenditure decreased by about 10% compared to the budget amount, and the other was that there was income, including a large amount of donations and income from asset management at the same level as in the previous year.

Looking at the major items, revenue from educational activities decreased by 231 million yen compared to the budget amount, as all expenses excluding donations and miscellaneous income were below the planned budget, and expenditure from educational activities eventually decreased by 1,496 million yen compared to the budget amount, although personnel expenses increased by 16 million yen. Revenue from non-educational activities increased by 1,101 million yen compared to the planned budget due to an increase in interest and dividend and other factors. Extraordinary expenditures increased by 38 million yen compared to the planned budget, and extraordinary revenues, including facilities and equipment subsidies, increased by 228 million yen, and accordingly, the balance of extraordinary revenues and expenditures increased by 190 million yen compared to the planned budget. As a result, the balance of current year before transfer to Capital fund increased by 2,556 million yen compared to the planned budget, and the total amount of transfer to Capital fund increased by 374 million yen compared to the planned budget, but the balance of current year became positive.

4-2-4　Cash flow statement

The size of the cash flow for fiscal 2021 was 50,143 million yen, an increase of 1,222 million yen from the planned budget. The main factors affecting cash flow are an increase in interest and dividend income, an increase in donation income, a decrease in student tuition fee income, and a decrease in incidental business and profitable business income.

On the other hand, expenses flow decreased by 1,197 million yen compared to the planned budget in expenses for education and research and expenses for institutional administration, and in the continued COVID-19 disaster, -673 million yen in travel and transportation expenses, outsourcing expenses, and meeting expenses, and -376 million yen in repair costs, rent, subsidies, and fees for other expenses for education and research. Other than expenses, asset management expenditure increased by 1,157 million yen from the planned budget, and other expenditure increased by 1,525 million yen, which is mainly due to deposits received. As a result, cash and cash equivalents carried over to next year decreased by 928 million yen compared to the previous fiscal year and increased by 133 million yen compared to the planned budget amount.

4-2-5　Balance sheet

The major change in tangible fixed assets in fiscal 2021 include 282 million yen, a temporary expenditure for the construction of Building No. 15 on Yotsuya Campus, and 91 million yen for exterior maintenance work, including the passage from the main gate to the east gate. For structures, there was an expenditure of 49 million yen for the redevelopment of the south gate parking lot.

Under specific assets, the reserves for specific assets increased by 301 million yen by the increase of the Capital Fund No. 3, and reserves for specific assets increased by 2,723 million yen. The total accumulated depreciation was 51,103 million yen, amounting to reserves of 64.4%.

Other fixed assets include 4,345 million yen of capital contribution in ancillary operation and 58 million yen of deposits for Arrupe International Residence (Student Dormitory) in Shinanomachi. In addition, there are 442 million yen of accounts receivable related to grants from the Retirement Allowance Foundation for Private Universities and Colleges of Japan in association with the retirement of faculty and staff.

As a result, total assets increased by 1,454 million yen from the end of the previous fiscal year to 166,247 million yen.

Meanwhile, in the liabilities section, since there is no new borrowing for facilities and equipment, long-term debt decreased by 1,235 million yen due to a decrease of 1,205 million yen in transfer to short-term debt to be repaid in fiscal 2022 and other factors. In net assets, the Capital fund increased by 2,265 million yen to 150,458 million yen, and balance carried forward to next year improved by 448 million yen and amounted to -8,123 million yen.

4-2-6　Donations

(million yen)

The Corporation has taken over fund-raising activities for the 100th anniversary of the foundation, which has been carried out for about ten years until AY2013. Since AY2014, it has developed the “SOPHIA Fund for the Future” as constant new fund-raising activity. The Fund aims to establish a stable fiscal foundation for carrying out education and research activities, global human resource training activities, student support, campus development plan, and “the creation of a global campus and promoting sustainability” established in fiscal 2021 . In the eighth year in AY2021, the amount of donations was about 790 million yen against the target amount of 200 million yen.