Financial Indicators

IR

(Million of yen)

For the year: 2016 2017 2018 2019 2020 2021 2022 2023
Net sales 25,340 32,066 38,852 44,479 43,226 52,366 64,645 68,974
Operating profit 2,882 4,424 5,896 7,224 6,131 7,592 9,823 8,658
Ordinary profit 3,001 4,406 5,286 7,064 6,180 7,624 9,884 8,686
Profit attributable to owners of parent 2,529 2,994 3,310 4,644 4,113 5,012 6,622 5,889
Free cash flows 1,425 3,714 1,604 5,417 3,890 6,269 5,838 (1,203)
EBITDA 3,280 4,837 5,679 7,550 6,655 8,056 10,282 9,440
At year-end：                
Total assets 13,272 16,813 19,808 23,464 23,953 29,484 35,604 38,977
Equity*1 9,200 10,866 12,474 15,447 16,504 19,526 23,732 25,401
Total number of
shares issued (shares)		 38,486,400 38,486,400 38,486,400 38,486,400 38,486,400 37,486,400 37,486,400 37,486,400
Per share data
(Yen)：		                
Total net assets 239.98 286.81 331.68 415.71 449.58 535.40 657.21 721.42
Cash dividends
applicable to
the period		 21 26 32 40 41 44 58 61
Profit 65.92 78.87 87.90 124.59 111.69 137.34 183.11 164.86
Management
indicators (%)：		                
Operating profit
on sales		 11.4 13.8 15.2 16.2 14.2 14.5 15.2 12.6
SG&A expenses
to net sales ratio		 25.2 25.8 27.7 26.1 26.8 19.9 18.0 20.8
Return on equity
（ROE）		 30.2 29.8 28.4 33.3 25.7 27.8 30.6 24.0
Return on assets
（ROA）		 20.3 19.9 18.1 21.4 17.3 18.8 20.3 15.8
EBITDA margin 12.9 15.1 14.6 17.0 15.4 15.4 15.9 13.7
Current ratio 317.2 303.8 241.0 279.6 338.1 311.7 310.2 253.8
Equity ratio 69.3 64.6 63.0 65.8 68.9 66.2 66.7 65.2
Interest coverage
ratio*2		 386.2 439.6 972.2 603.6 956.5 1,073.5 1,470.6 1,399.5
Debt to equity
ratio		 11.8 11.7 10.0 6.5 6.0 5.1 4.2 4.0
Dividend ratio 31.9 33.0 36.4 32.1 36.7 32.0 31.7 37.0
  • Equity: Total net assets – Share acquisition rights – Non-controlling interests
  • Interest coverage ratio: Net cash provided by (used in) operating activities income before interest and corporate taxes,etc / Interest expenses
  • Our Company applied “Partial Amendments to Accounting Standard for Tax Effect Accounting” (ASBJ Statement No. 28, February 16, 2018) from the beginning of the fiscal year ended December 2019. The main management indicators for the fiscal year ended December 2018 is stated using the figures following the retrospective application of this accounting standard, and others.
  • Our Company applied “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31, 2020) from the beginning of the fiscal year ended December 2022. The main management indicators related to the fiscal year ended December 2022 represent the indicators after application of this accounting standard.