Consolidated Statements of Income

(Five-Year Summary)

(Millions of Yen)

2021/03

2022/03

2023/03

2024/03

2025/03

Sales to customer

278,443

300,918

350,665

339,372

362,693

Cost of sales

162,849

187,376

230,723

225,438

243,045

Gross profit

115,594

113,541

119,941

113,933

119,647

SG&A expenses

93,999

70,187

81,996

91,691

99,050

Operating income

21,595

43,354

37,945

22,242

20,597

Non-operating income

1,311

1,492

1,678

2,161

2,977

  Interest and Dividends income

707

767

1066

1,405

1,928

Non-operating expenses

976

1615

917

1,066

1,394

  Interest and discounts expenses

344

330

324

450

700

Ordinary income

21,929

43,230

38,706

23,336

22,180

Extraordinary gain

529

4658

1,681

4,034

4,734

Extraordinary loss

1,875

6,928

694

1,132

1,099

Income before income taxes and minority interests

20,583

40,961

39,692

26,238

25,815

Current income taxes

6,303

11,900

10,144

8,899

8,417

Deferred income taxes

23

▲309

857

▲426

75

Net income

14,256

29,370

28,690

17,766

17,322

Net income attributable to the noncontrolling interest

3,682

8,601

7,483

1,589

1,120

Net income attributable to owners of the parent

10,574

20,769

21,206

16,176

16,202

Since the "Accounting Standard for Revenue Recognition" (Corporate Accounting Standard No. 29 , March 31, 2020), etc. has been adopted from FY2022, the above results is the amount after applying the accounting standard.

Main Consolidated Financial Summary

(Millions of Yen)

2021/03

2022/03

2023/03

2024/03

2025/03

Total Current assets

183,108

232,323

241,513

245,213

245,433

Fixed assets

123,810

130,114

157,661

192,254

232,154

Total current liabilities

56,269

79,151

67,454

80,657

73,419

Total long-term liabilities

59,113

58,730

76,401

76,345

103,264

Total liabilities

115,383

137,882

143,856

157,003

176,683

Common stock

13,226

13,226

13,226

13,226

13,226

Shareholders’ equity

156,884

180,420

203,952

228,666

245,228

Total assets

306,918

362,438

399,174

437,468

477,587

(Millions of Yen)

2021/03

2022/03

2023/03

2024/03

2025/03

Cash dividends

4,151

7,315

7,512

5,662

6,053

Capital expenditures

13,775

16,213

14,165

21,915

20,783

Depreciation

8,068

8,425

9,118

9,999

10,347

Research and development expenses

5,914

6,484

8,949

8,725

7,309

Cash flows from operating activities

27,100

16,376

45,478

29,178

16,155

Cash flows from investing activities

▲ 6,738

▲ 10,399

▲10,474

▲ 19,993

▲ 41,562

Cash flows from financing activities

▲1,506

4133

▲22,215

▲ 13,448

6,548

Cash and cash equivalents at end of the year

62,860

75,729

91,785

90,184

75,280