Company/IR/CSRFinancial Data

Profit and Loss Statement Summary

(millions of yen)	FY2019	FY2020	FY2021	FY2022	FY2023
Orders Received	104,986	94,563	135,698	173,491	144,468
Net Sales	96,515	100,638	112,069	132,426	150,356
Gross Profit	27,282	26,326	28,512	34,976	43,841
Gross Profit Margin (%)	28.3	26.2	25.4	26.4	29.2
Selling, General and Administrative Expenses (SGA)	17,374	16,746	17,662	19,763	21,297
Operating Income	9,908	9,579	10,850	15,212	22,544
Operating Income Ratio (%)	10.3	9.5	9.7	11.5	15.0
Ordinary Income	9,929	9,900	11,545	16,020	23,425
Ordinary Income Ratio (%)	10.3	9.8	10.3	12.1	15.6
Net Income	7,162	7,074	9,210	11,730	17,310
Net Income Ratio (%)	7.4	7.0	8.2	8.9	11.5

Financial Data

(millions of yen)	FY2019	FY2020	FY2021	FY2022	FY2023
Net Assets	60,857	67,357	76,004	86,371	102,147
Total Assets	101,448	115,011	130,506	164,854	182,703
Cash Flow from Operating Activities	8,553	-4,582	10,787	-18,536	3,726
Cash Flow from Investing Activities	-1,006	-1,261	-1,520	-1,309	-1,415
Cash Flow from Financing Activities	-5,007	4,927	-2,586	14,706	-641
Free Cash Flow	7,547	-5,843	9,267	-19,845	2,311
Capital Expenditures	965	1,015	3,387	1,466	1,855
R&D Expenses	2,178	2,300	2,146	2,615	2,829
Depreciation	1,189	1,212	1,332	1,824	2,010
Liabilities with Interest	9,740	16,005	15,628	33,019	36,465
Dividend (yen)	26.00	28.50	40.00	62.00	102.00
Total Shareholders’ Equity Ratio (%)	59.9	58.4	58.1	52.3	55.8
Book-value Per Share (BPS)	1,325.3	1,464.1	1,655.1	1,877.8	2,218.5
Earnings Per Share (EPS) (yen)	156.5	154.2	200.7	255.8	376.9
Return on Equity (ROE) (%)	12.4	11.1	12.9	14.5	18.4
Return on Asset (ROA) (%)	9.8	9.1	9.4	10.8	13.5

※The Company implemented a 4-for-1 share split of common shares on October 1, 2022.Book-value Per Share (BPS), Earnings Per Share (EPS), and Dividend before FY2023 are amounts that take into account the share split.

Balance Sheet Summary

(millions of yen)			FY2019	FY2020	FY2021	FY2022	FY2023
Assets	Current Assets	Cash	13,772	12,804	20,198	15,558	17,642
		Trade Notes and Accounts	38,373	49,517	27,342	40,433	44,121
		Inventories	9,830	12,876	13,455	30,795	21,830
		Others	14,103	14,505	41,867	49,979	69,876
		Total Current Assets	76,078	89,702	102,862	136,765	153,469
	Fixed Assets	Tangible Fixed Assets	19,296	18,974	20,995	20,795	20,634
		Assets	1,113	1,105	1,082	949	986
		Investments and Other Assets	4,959	5,228	5,566	6,343	7,613
		Total Fixed Assets	25,369	25,308	27,644	28,088	29,233
		Total Assets	101,448	115,011	130,506	164,854	182,703

(millions of yen)			FY2019	FY2020	FY2021	FY2022	FY2023
Liabilities	Current Liabilities	Trade Notes and Accounts Payable	14,381	13,556	18,795	20,904	19,842
		Short-term Borrowings	7,644	14,510	9,933	29,124	34,065
		Others	10,215	12,683	14,344	18,710	18,695
		Total Current Liabilities	32,240	40,749	43,072	68,738	72,602
	Long-term Liabilities	Long-term Borrowings	2,095	1,495	5,695	3,895	2,400
		Others	6,254	5,410	5,734	5,849	5,553
		Total Long-term Liabilities	8,349	6,905	11,429	9,744	7,953
		Total Liabilities	40,590	47,654	54,501	78,483	80,555
Net Assets	Shareholders’ Equity		61,277	67,139	74,617	84,123	98,122
	Valuation and Translation Adjustments		-560	74	1,218	2,047	3,805
	Minority Interests		140	143	168	201	219
Total Net Assets			60,857	67,357	76,004	86,371	102,147
Total Liabilities and Net Assets			101,448	115,011	130,506	164,854	182,703

• Orders Received

  ■Orders Received

  

• Net Sales

  ■Net Sales

  

• Operating Profit Margin and Net Profit Margin

  ●Operating Profit Margin
  ■Net profit margin

  

• ROE、ROA

  ●ROE
  ■ROA

  

• Equity Ratio

  ●Equity Ratio

  

• Free Cash Flow

  ■Cash Flow from Operating Activities
  ■Cash Flow from Investing Activities
  ●Free Cash FFlow

  

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