Company/IR/CSRFinancial Data

Profit and Loss Statement Summary

(millions of yen)	FY2018	FY2019	FY2020	FY2021	FY2022
Orders Received	103,838	104,986	94,563	135,698	173,491
Net Sales	92,273	96,515	100,638	112,069	132,426
Gross Profit	22,919	27,282	26,326	28,512	34,976
Gross Profit Margin (%)	24.8	28.3	26.2	25.4	26.4
Selling, General and Administrative Expenses (SGA)	16,361	17,374	16,746	17,662	19,763
Operating Income	6,558	9,908	9,579	10,850	15,212
Operating Income Ratio (%)	7.1	10.3	9.5	9.7	11.5
Ordinary Income	6,538	9,929	9,900	11,545	16,020
Ordinary Income Ratio (%)	7.1	10.3	9.8	10.3	12.1
Net Income	4,452	7,162	7,074	9,210	11,730
Net Income Ratio (%)	4.8	7.4	7.0	8.2	8.9

Financial Data

(millions of yen)	FY2018	FY2019	FY2020	FY2021	FY2022
Net Assets	54,795	60,857	67,357	76,004	86,371
Total Assets	101,257	101,448	115,011	130,506	164,854
Cash Flow from Operating Activities	5,646	8,553	-4,582	10,787	-18,536
Cash Flow from Investing Activities	-153	-1,006	-1,261	-1,520	-1,309
Cash Flow from Financing Activities	-2,759	-5,007	4,927	-2,586	14,706
Free Cash Flow	5,493	7,547	-5,843	9,267	-19,845
Capital Expenditures	635	965	1,015	3,387	1,466
R&D Expenses	1,823	2,178	2,300	2,146	2,615
Depreciation	920	1,189	1,212	1,332	1,824
Liabilities with Interest	13,659	9,740	16,005	15,628	33,019
Dividend (yen)	18.25	26.00	28.50	40.00	–
Total Shareholders’ Equity Ratio (%)	54.0	59.9	58.4	58.1	52.3
Book-value Per Share (BPS)	1,196.2	1,325.3	1,464.1	1,655.1	1,877.8
Earnings Per Share (EPS) (yen)	97.1	156.5	154.2	200.7	255.8
Return on Equity (ROE) (%)	8.4	12.4	11.1	12.9	14.5
Return on Asset (ROA) (%)	6.6	9.8	9.1	9.4	10.8

※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)			FY2018	FY2019	FY2020	FY2021	FY2022
Assets	Current Assets	Cash	11,276	13,772	12,804	20,198	15,558
		Trade Notes and Accounts	40,256	38,373	49,517	27,342	40,433
		Inventories	8,860	9,830	12,876	13,455	30,795
		Others	15,645	14,103	14,505	41,867	49,979
		Total Current Assets	76,037	76,078	89,702	102,862	136,765
	Fixed Assets	Tangible Fixed Assets	19,272	19,296	18,974	20,995	20,795
		Assets	1,209	1,113	1,105	1,082	949
		Investments and Other Assets	4,739	4,959	5,228	5,566	6,343
		Total Fixed Assets	25,220	25,369	25,308	27,644	28,088
		Total Assets	101,257	101,448	115,011	130,506	164,854

(millions of yen)			FY2018	FY2019	FY2020	FY2021	FY2022
Liabilities	Current Liabilities	Trade Notes and Accounts Payable	18,516	14,381	13,556	18,795	20,904
		Short-term Borrowings	13,458	7,644	14,510	9,933	29,124
		Others	7,956	10,215	12,683	14,344	18,710
		Total Current Liabilities	39,930	32,240	40,749	43,072	68,738
	Long-term Liabilities	Long-term Borrowings	200	2,095	1,495	5,695	3,895
		Others	6,331	6,254	5,410	5,734	5,849
		Total Long-term Liabilities	6,531	8,349	6,905	11,429	9,744
		Total Liabilities	46,462	40,590	47,654	54,501	78,483
Net Assets	Shareholders’ Equity		55,071	61,277	67,139	74,617	84,123
	Valuation and Translation Adjustments		-414	-560	74	1,218	2,047
	Minority Interests		138	140	143	168	201
Total Net Assets			54,795	60,857	67,357	76,004	86,371
Total Liabilities and Net Assets			101,257	101,448	115,011	130,506	164,854

• 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

  

Related Links