Financial Highlights

Financial Highlights

Business Results (Non-Consolidated)

(Millions of yen)

2014/12 2015/12 2016/12 2017/12 2018/12
Net sales 18,120 17,173 16,908 21,489 28,828
Gross profit 4,360 5,073 4,771 5,683 6,655
Selling, general and administrative expenses 2,125 2,415 2,835 3,303 3,873
Operating income 2,235 2,657 1,935 2,379 2,782
Ordinary income 2,087 2,442 1,968 2,441 2,536
Net income 1,541 1,550 1,142 1,547 1,810

Net sales

(Millions of yen)

Operating income

(Millions of yen)

Ordinary income

(Millions of yen)

Net income

(Millions of yen)

Financial Position (Non-Consolidated)

(Millions of yen)

2014/12 2015/12 2016/12 2017/12 2018/12
Total assets 19,539 19,312 23,791 29,904 37,862
Net assets 13,514 14,626 15,283 16,351 18,745
Interesting bearing debt 2,759 1,311 4,793 9,152 14,513

Total assets

(Millions of yen)

Net assets

(Millions of yen)

Interesting bearing debt

(Millions of yen)

Cash Flows (Non-Consolidated)

(Millions of yen)

2014/12 2015/12 2016/12 2017/12 2018/12
Cash flows from operating activities 7,123 3,941 △708 △2,992 △2,070
Cash flows from investing activities 146 △1,069 △1,554 △1,423 △484
Cash flows from financing activities △5,429 △1,888 2,999 3,854 5,634
Free cash flows※ 7,269 2,871 △2,253 △4,416 △2,554

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

(Millions of yen)

Major Indicators (Non-Consolidated)

2014/12 2015/12 2016/12 2017/12 2018/12
Gross margin (%) 24.1% 29.5% 28.2% 26.4% 23.1%
Operating margin (%) 12.3% 15.5% 11.4% 11.1% 9.7%
Return on assets (ROA) (%) 7.2% 8.0% 9.1% 9.1% 7.5%
Return on equity (ROE) (%) 11.9% 11.0% 7.6% 9.8% 10.3%
Shareholders' equity ratio (%) 69.2% 75.7% 64.2% 54.7% 49.5%
Current ratio (%) 410.8% 316.7% 245.4% 308.0% 392.7%
Debt equity ratio (times) 0.20 0.09 0.31 0.56 0.77

Gross margin

(%)

Operating margin

(%)

Return on assets (ROA)

(%)

Return on equity (ROE)

(%)

Current ratio

(%)

Debt equity ratio

(times)

Per Share Data (Non-Consolidated)

(Yen)

2014/12 2015/12 2016/12 2017/12 2018/12
Net income per share 125.5 126.3 93.1 126.1 145.5
Net assets per share 1100.9 1191.4 1245.1 1332.9 1484.4
Cash dividends per share 36 39 39 40 46

Net income per share

(Yen)

Net assets per share

(Yen)

Cash dividends per share

(Yen)