Financial Statements

• Consolidated Statement of Income
• Consolidated Statement of Comprehensive Income
• Consolidated Balance Sheet
• Consolidated Statement of Cash Flows

Five-year Financial Summaries

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Consolidated Statement of Income

(Million Yen)

	FY2020.3	FY2021.3	FY2022.3	FY2023.3	FY2024.3
Net sales	42,377	40,617	46,744	54,562	58,738
Cost of sales	33,392	31,422	35,440	41,263	44,981
Gross profit	8,985	9,195	11,303	13,299	13,757
％ Net Sales	21.2%	22.6%	24.2%	24.4%	23.4%
Selling, general and administrative expenses	4,026	3,962	4,461	5,458	5,835
Operating profit	4,959	5,233	6,842	7,840	7,921
％ Net Sales	11.7%	12.9%	14.6%	14.4%	13.5%
Ordinary profit	5,364	5,453	7,151	8,378	8,458
％ Net Sales	12.7%	13.4%	15.3%	15.4%	14.4%
Profit before income taxes	5,344	5,343	7,118	8,375	9,093
Profit attributable to owners of parent	3,193	2,968	4,357	5,318	5,791
％ Net Sales	7.5%	7.3%	9.3%	9.7%	9.9%

Consolidated Statement of Comprehensive Income

(Million Yen)

	FY2020.3	FY2021.3	FY2022.3	FY2023.3	FY2024.3
Profit	3,496	3,305	4,707	5,775	6,378
Other comprehensive income (loss)	△ 418	590	647	579	1,128
Comprehensive income	3,078	3,896	5,354	6,354	7,507

Consolidated Balance Sheet

(Million Yen)

	FY2020.3	FY2021.3	FY2022.3	FY2023.3	FY2024.3
Assets
Current assets	27,701	27,275	31,202	35,892	40,740
Non-current assets	15,189	19,480	22,825	24,380	27,096
Total assets	42,891	46,755	54,028	60,273	67,836
Liabilities
Current liabilities	11,138	11,458	14,571	15,701	17,778
Non-current liabilities	1,851	2,408	2,890	2,753	2,832
Total liabilities	12,989	13,866	17,462	18,455	20,611
Net assets
Shareholders' equity
Share capital	1,494	1,502	1,519	1,570	1,601
Capital surplus	2,765	2,772	2,788	2,840	2,857
Other	0	0	△ 418	△ 418	△899
Retained earnings	23,489	25,561	28,685	32,788	37,043
Total shareholders' equity	27,750	29,835	32,575	36,781	40,603
Total accumulated other comprehensive income	501	1,082	1,733	2,297	3,418
Total net assets	29,901	32,888	36,566	41,817	47,224
Total liabilities and net assets	42,891	46,755	54,028	60,273	67,836

Consolidated Statement of Cash Flows

(Million Yen)

	FY2020.3	FY2021.3	FY2022.3	FY2023.3	FY2024.3
Cash flows from operating activities	5,933	4,630	6,610	7,888	5,883
Cash flows from investing activities	△ 2,796	△ 4,137	△ 4,345	△ 2,637	△2,614
Free Cash Flows	3,137	493	2,264	5,250	3,269
Cash flows from financing activities	△ 1,267	△ 1,356	△ 763	△ 2,152	△2,377
Cash and cash equivalents at end of period	17,036	16,291	18,218	21,651	22,779