Financial Highlights

Financial Highlights

Business Results (Non-Consolidated)

(Millions of yen)

2013/12 2014/12 2015/12 2016/12 2017/12
Net sales 12,256 18,120 17,173 16,908 21,489
Gross profit 3,306 4,360 5,073 4,771 5,683
Selling, general and administrative expenses 1,800 2,125 2,415 2,835 3,303
Operating income 1,505 2,235 2,657 1,935 2,379
Ordinary income 1,433 2,087 2,442 1,968 2,441
Net income 1,346 1,541 1,550 1,142 1,547

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)

2013/12 2014/12 2015/12 2016/12 2017/12
Total assets 23,017 19,539 19,312 23,791 29,904
Net assets 12,282 13,514 14,626 15,283 16,351
Interesting bearing debt 7,837 2,759 1,311 4,793 9,152

Total assets

(Millions of yen)

Net assets

(Millions of yen)

Interesting bearing debt

(Millions of yen)

Cash Flows (Non-Consolidated)

(Millions of yen)

2013/12 2014/12 2015/12 2016/12 2017/12
Cash flows from operating activities 1,014 7,123 3,941 △708 △2,992
Cash flows from investing activities △2,764 146 △1,069 △1,554 △1,423
Cash flows from financing activities 2,256 △5,429 △1,888 2,999 3,854
Free cash flows※ △1,750 7,269 2,871 △2,253 △4,416

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

(Millions of yen)

Major Indicators (Non-Consolidated)

2013/12 2014/12 2015/12 2016/12 2017/12
Gross margin (%) 27.0% 24.1% 29.5% 28.2% 26.4%
Operating margin (%) 12.3% 12.3% 15.5% 11.4% 11.1%
Return on assets (ROA) (%) 6.5% 7.2% 8.0% 5.3% 5.8%
Return on equity (ROE) (%) 11.6% 11.9% 11.0% 7.6% 9.8%
Shareholders' equity ratio (%) 53.4% 69.2% 75.7% 64.2% 54.7%
Current ratio (%) 337.6% 410.8% 316.7% 245.4% 308.0%
Debt equity ratio (times) 0.64 0.20 0.09 0.31 0.56

Gross margin

(%)

Operating margin

(%)

Return on assets (ROA)

(%)

Return on equity (ROE)

(%)

Current ratio

(%)

Debt equity ratio

(times)

Per Share Data (Non-Consolidated)

(Yen)

2013/12 2014/12 2015/12 2016/12 2017/12
Net income per share 109.7 125.5 126.3 93.1 126.1
Net assets per share 1000.5 1100.9 1191.4 1245.1 1332.9
Cash dividends per share 25 36 39 39 40

Net income per share

(Yen)

Net assets per share

(Yen)

Cash dividends per share

(Yen)