Company/IR/CSRFinancial Data

Profit and Loss Statement Summary

(millions of yen)	FY2020	FY2021	FY2022	FY2023	FY2024
Orders Received	94,563	135,698	173,491	144,468	151,272
Net Sales	100,638	112,069	132,426	150,356	163,269
Gross Profit	26,326	28,512	34,976	43,841	55,182
Gross Profit Margin (%)	26.2	25.4	26.4	29.2	33.8
Selling, General and Administrative Expenses (SGA)	16,746	17,662	19,763	21,297	24,061
Operating Income	9,579	10,850	15,212	22,544	31,120
Operating Income Ratio (%)	9.5	9.7	11.5	15.0	19.1
Ordinary Income	9,900	11,545	16,020	23,425	31,639
Ordinary Income Ratio (%)	9.8	10.3	12.1	15.6	19.4
Net Income	7,074	9,210	11,730	17,310	24,150
Net Income Ratio (%)	7.0	8.2	8.9	11.5	14.8

Financial Data

(millions of yen)	FY2020	FY2021	FY2022	FY2023	FY2024
Net Assets	67,357	76,004	86,371	102,147	121,194
Total Assets	115,011	130,506	164,854	182,703	194,396
Cash Flow from Operating Activities	-4,582	10,787	-18,536	3,726	21,100
Cash Flow from Investing Activities	-1,261	-1,520	-1,309	-1,415	-2,130
Cash Flow from Financing Activities	4,927	-2,586	14,706	-641	-20,821
Free Cash Flow	-5,843	9,267	-19,845	2,311	18,970
Capital Expenditures	1,015	3,387	1,466	1,855	2,803
R&D Expenses	2,300	2,146	2,615	2,829	3,253
Depreciation	1,212	1,332	1,824	2,010	1,925
Liabilities with Interest	16,005	15,628	33,019	36,465	22,557
Dividend (yen)	28.50	40.00	–	102.00	160.00
Total Shareholders’ Equity Ratio (%)	58.4	58.1	52.3	55.8	62.2
Book-value Per Share (BPS)	1,464.1	1,655.1	1,877.8	2,218.5	2,631.2
Earnings Per Share (EPS) (yen)	154.2	200.7	255.8	376.9	525.4
Return on Equity (ROE) (%)	11.1	12.9	14.5	18.4	21.7
Return on Asset (ROA) (%)	9.1	9.4	10.8	13.5	16.8

※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 FY2022 are amounts that take into account the share split.

Balance Sheet Summary

(millions of yen)			FY2020	FY2021	FY2022	FY2023	FY2024
Assets	Current Assets	Cash	12,804	20,198	15,558	17,642	16,751
		Trade Notes and Accounts	49,517	27,342	40,433	44,121	43,226
		Inventories	12,876	13,455	30,795	21,830	22,524
		Others	14,505	41,867	49,979	69,876	81,866
		Total Current Assets	89,702	102,862	136,765	153,469	164,367
	Fixed Assets	Tangible Fixed Assets	18,974	20,995	20,795	20,634	21,516
		Assets	1,105	1,082	949	986	1,120
		Investments and Other Assets	5,228	5,566	6,343	7,613	7,391
		Total Fixed Assets	25,308	27,644	28,088	29,233	30,028
		Total Assets	115,011	130,506	164,854	182,703	194,396

(millions of yen)			FY2020	FY2021	FY2022	FY2023	FY2024
Liabilities	Current Liabilities	Trade Notes and Accounts Payable	13,556	18,795	20,904	19,842	23,438
		Short-term Borrowings	14,510	9,933	29,124	34,065	18,877
		Others	12,683	14,344	18,710	18,695	22,086
		Total Current Liabilities	40,749	43,072	68,738	72,602	64,401
	Long-term Liabilities	Long-term Borrowings	1,495	5,695	3,895	2,400	3,680
		Others	5,410	5,734	5,849	5,553	5,119
		Total Long-term Liabilities	6,905	11,429	9,744	7,953	8,799
		Total Liabilities	47,654	54,501	78,483	80,555	73,201
Net Assets	Shareholders’ Equity		67,139	74,617	84,123	98,122	115,969
	Valuation and Translation Adjustments		74	1,218	2,047	3,805	4,978
	Minority Interests		143	168	201	219	246
Total Net Assets			67,357	76,004	86,371	102,147	121,194
Total Liabilities and Net Assets			115,011	130,506	164,854	182,703	194,396

• 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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