Investor Relations

Financial Statements

Consolidated balance sheet

(million yen)
Assets   March 2017 March 2018 March 2019
Current assets   32,565 34,430 37,141
  Cash and deposits 6,967 8,016 8,412
  Bills and accounts receivable 12,010 12,980 14,659
  Securities 0 50 0
  Inventories 11,763 11,782 13,346
  Other current assets 1,915 1,683 926
  Reserves for credit losses -91 -83 -203
Fixed assets   12,636 12,656 13,840
  Tangible fixed assets 9,098 9,097 9,370
  Intangible fixed assets 2,228 2,186 2,262
  Investments etc. 1,310 1,372 2,206
Total assets   45,202 47,087 50,981
(million yen)
Liabilities March 2017 March 2018 March 2019
Current liabilities 24,446 25,654 26,794
Fixed liabilities 5,982 5,493 6,096
Total liabilities 30,429 31,147 32,890
Net assets      
Owner's equity 15,876 17,454 19,070
Common stock
6,388 6,388 6,388
Capital surplus
6,404 6,404 6,412
Retained earnings
4,220 5,798 7,406
Less-cost of treasury stock
-1,136 -1,136 -1,136
Valuation and translation adjustments -1,213 -1,640 -1,939
Minority interests 109 125 948
Total net assets 14,772 15,939 19,070
Total liabilities and assets 45,202 47,087 50,981

Consolidated profit and loss statement

(million yen)
  March 2017 March 2018 March 2019
Sales 40,199 44,120 48,344
Cost of sales 23,103 24,972 27,513
Gross profit 17,095 19,148 20,830
Distribution and administrative expenses 15,961 16,769 18,079
Operating profit 1,133 2,378 2,751
Non-operating income 260 270 355
Non-operating expenses 289 316 423
Ordinary profit 1,105 2,332 2,683
Exceptional profits 18 2 517
Exceptional losses 139 2 489
Net profit before tax 983 2,332 2,711
Corporation tax, etc. 468 709 874
Income taxes-correction - - -9
Adjustment for corporation tax, etc. 30 -222 -226
Investment profit/loss on equity method 8 17 163
Net profit 477 1,827 1,900

Consolidated cash flow

(million yen)
  March 2017 March 2018 March 2019
Cash flow from operating activities 2,339 4,112 2,237
Cash flow from investing activities -1,454 -1,516 -1,454
Cash flow from financing activities -43 -1,399 -329
Effect of exchange rate changes on cash and cash equivalents 4 -75 -117
Increase in cash and cash equivalents 846 1,121 335
Cash and cash equibalents at beginning of year 5,224 6,070 7,191
Cash and cash equivalents at end of year 6,070 7,191 7,527

[Note:]

The statements on this website with respect to the Company's current plans, strategies and decisions include forecasts of future business results. Such statements are based on management's assumptions and decisions in light of the information currently available. Since these forecasts involve risks and uncertainties, actual results may differ materially from these. Therefore you should not place undue reliance on them.

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