Financial Highlights

Financial Highlights

Business Results (Non-Consolidated)

(Millions of yen)

2016/12 2017/12 2018/12 2019/12 2020/12
Net sales 16,908 21,489 28,828 29,333 22,477
Gross profit 4,771 5,683 6,655 6,663 5,499
Selling, general and administrative expenses 2,835 3,303 3,873 3,633 3,223
Operating income 1,935 2,379 2,782 3,030 2,275
Ordinary income 1,968 2,441 2,536 3,000 2,161
Net income 1,142 1,547 1,810 △1,753 2,225

Financial Position (Non-Consolidated)

(Millions of yen)

2016/12 2017/12 2018/12 2019/12 2020/12
Total assets 23,791 29,904 37,862 43,020 40,702
Net assets 15,283 16,351 18,745 16,419 18,139
Interesting bearing debt 4,793 9,152 14,513 14,086 12,377

Cash Flows (Non-Consolidated)

(Millions of yen)

2016/12 2017/12 2018/12 2019/12 2020/12
Cash flows from operating activities △708 △2,992 △2,380 4,055 2,546
Cash flows from investing activities △1,554 △1,423 △484 △1,005 △2,228
Cash flows from financing activities 2,999 3,854 5,944 △1,020 △2,240
Free cash flows※ △2,253 △4,416 △2,865 3,049 318

※Free cash flows = Cash flows from operating activities + Cash flows from investing activities

Major Indicators (Non-Consolidated)

2016/12 2017/12 2018/12 2019/12 2020/12
Gross margin (%) 28.2% 26.4% 23.1% 22.7% 24.5%
Operating margin (%) 11.4% 11.1% 9.7% 10.3% 10.1%
Return on assets (ROA) (%) 9.1% 9.1% 7.5% 7.4% 5.2%
Return on equity (ROE) (%) 7.6% 9.8% 10.3% △10.0% 12.9%
Shareholders' equity ratio (%) 64.2% 54.7% 49.5% 38.2% 44.6%
Current ratio (%) 245.4% 308.0% 392.7% 167.2% 234.0%
Debt equity ratio (times) 9.7% 56.0% 77.4% 85.8% 68.2%

Per Share Data (Non-Consolidated)

(Yen)

2016/12 2017/12 2018/12 2019/12 2020/12
Net income per share 93.1 126.1 145.5 △138.8 176.2
Net assets per share 1245.1 1332.9 1484.4 1300.0 1436.2
Cash dividends per share 39 40 46 40 31