Major Consolidated Index

Consolidated Results

Unit : millions of yen

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  2017.3
Actual
2018.3
Actual
2019.3
Actual
2020.3
Actual
Net Sales 402,174 430,602 453,565 468,616
Operating Profit 32,842 36,502 38,417 39,826
Ordinary Profit 32,037 35,985 37,925 39,078
Profit Attributable to Owners of Parent 23,810 23,846 25,992 26,595
Net Sales YoY Change (%) (1.5) 7.1 5.3 3.3
Operating Profit YoY Change (%) 0.7 11.1 5.2 3.7
Ordinary Profit YoY Change (%) 3.2 12.3 5.4 3.0
Profit Attributable to Owners of Parent YoY Change (%) 19.3 0.1 9.0 2.3
Operating Profit Margin (%) 8.2 8.5 8.5 8.5
Ordinary Profit Margin (%) 8.0 8.4 8.4 8.3
Ratio of Profit Attributable to Owners of Parent to Net Sales 5.9 5.5 5.7 5.7

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Net sales do not include consumption and other taxes.

Financial Position

Unit : millions of yen

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  2017.3
Actual
2018.3
Actual
2019.3
Actual
2020.3
Actual
Total Net Assets 244,437 253,289 270,451 277,757
Shareholders' Equity 240,009 248,072 265,428 272,434
Total Assets 361,248 343,929 362,119 387,329
Shareholders' Equity Ratio (%) 66.4 72.1 73.3 70.3
D/E Ratio (%) 21.1 8.6 8.2 8.1
Dividend on Equity (%) 2.8 3.1 3.1 3.0
ROE (%) 10.3 9.8 10.1 9.9
Ordinary Profit to Total Assets (%) 8.8 10.2 10.7 10.4

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Shareholders' equity is computed by subtracting stock acquisition rights and Non-controlling interests from net assets.

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D/E ratio = (Loans + Bonds) / Shareholders' equity

Cash Flows

Unit : millions of yen

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  2017.3
Actual
2018.3
Actual
2019.3
Actual
2020.3
Actual
Cash Flows From Operating Activities 26,136 37,645 37,023 39,654
Cash Flows From Investing Activities 13,235 (14,640) (25,698) (29,229)
Cash Flows From Financing Activities (30,359) (43,968) (7,041) (9,146)
Term-end Cash and Cash Equivalents 44,205 22,785 27,509 28,103
Free Cash Flows 14,536 22,063 10,300 13,816

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Free cash flows = Cash flows from operating activities - Purchase of property, plant, equipment and intangible assets + Proceeds from sales of property, plant, equipment

Per Share Value Indicators

Unit : yen

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  2017.3
Actual
2018.3
Actual
2019.3
Actual
2020.3
Actual
Shareholders' Equity per Share 1,242.71 1,292.18 1,382.60 1,419.12
Earnings per Share 123.28 123.71 135.39 138.53
Diluted Earnings per Share - - - -
Cash Dividends per Share 34 39 41 42
Dividend Payout Ratio(Consolidated) (%) 27.6 31.5 30.3 30.3
Free Cash Flows per Share 75.26 114.46 53.65 71.97
Share Price as of Term-end 3,325 4,280 5,430 4,605
PER (Times) 27.0 34.6 40.1 33.2

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Other Information

Unit : millions of yen

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  2017.3
Actual
2018.3
Actual
2019.3
Actual
2020.3
Actual
Interest-bearing Debt 50,570 21,322 21,742 22,154
Capital Expenditures 12,165 18,180 28,346 27,464
Depreciation and Amortization 12,339 13,159 13,258 16,787
R&D Costs 3,943 3,772 3,816 4,373
Net Financial Income (Loss) 754 940 1,232 772
Average Term Exchange Rate (yen/US$) 109.03 110.81 110.69 109.10
No. of Employees (people) 6,771 7,105 7,100 7,376
No.of Shares Issued and Outstanding at Term-end (Thousand) 193,133 191,980 191,977 191,974

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Interest-bearing debt refers to all liabilities on the consolidated balance sheet on which interest is paid.

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Net financial income = Interest and dividend income - Interest expense

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No. of shares issued and outstanding at term-end is computed by subtracting shareholders' equity.

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Depreciation and Amortization do not include the amortization of goodwill.

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Effective from the beginning of fiscal year ended March 31, 2019, “Partial Amendments to Accounting Standard for Tax Effect Accounting” are applied. The results for the fiscal year ended 2018.3 are based on figures recalculated after retroactively adopting the said accounting standards.

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Effective from the beginning of fiscal year ending March 31, 2020, overseas subsidiaries applied IFRS 16 “Leases” and ASU 2016-02 and recorded all leases on balance sheets, in principle. For the results for the year ended March 31, 2020, these accounting standards are applied to the figures.

As for the data for years prior to listed above, please refer to our Factbook.

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