Consolidated Financial Highlights

Net sales

Bar chart showing net sales (million yen) from FY2021 to FY2025, increasing from around 220,000 million yen in FY2021 to FY2023, slightly decreasing in FY2024, and rising again to over 300,000 million yen in FY2025.

Operating income

Bar chart showing operating income (million yen) from FY2021 to FY2025, low in FY2021, rising sharply to around 20,000 million yen in FY2022, declining through FY2023 and FY2024, and recovering to nearly 20,000 million yen in FY2025.

Ordinary income

Bar chart showing ordinary income (million yen) from FY2021 to FY2025, rising from around 10,000 million yen in FY2021 to about 30,000 million yen in FY2022, dropping significantly in FY2023, and then increasing again to around 19,000 million yen in FY2025.

Net income attributable to owners of parent company

Bar chart showing profit attributable to owners of parent (million yen) from FY2021 to FY2025, increasing from about 14,000 million yen in FY2021 to around 21,000 million yen in FY2022, dropping to about 8,000 million yen in FY2023, remaining nearly flat in FY2024, and recovering to around 15,000 million yen in FY2025.

Dividends per share / Earnings per Share (EPS)

Financial data (Millions of yen)

item	2022/3	2023/3	2024/3	2025/3	2026/3
Net sales	261,617	301,205	297,057	305,718	287,736
Operating income	20,456	17,288	15,268	19,728	7,539
Ordinary income	29,515	11,472	17,757	18,759	11,271
Net income attributable to owners of parent company	21,207	8,326	8,388	15,529	7,299
EBITDA (Note 1)	43,255	24,263	31,618	32,836	26,143
Capital expenditures	13,462	12,532	15,314	19,356	19,465
Total assets	376,956	388,445	415,693	418,883	420,574
Net assets	216,974	225,950	252,465	265,870	252,747
Interest-bearing debt	99,088	103,726	104,362	88,973	97,350

Cash flows (Millions of yen)

item	2022/3	2023/3	2024/3	2025/3	2026/3
Cash flows from operating activities	20,186	1,747	22,321	40,932	10,192
Cash flows from investing activities	△1,648	△12,753	△15,495	△18,817	△3,27

Per share data(Yen)

item	2022/3	2023/3	2024/3	2025/3	2026/3
Earnings per share(EPS)	126.22	49.54	49.89	92.34	92.26
Book value per share(BPS)	1,286.82	1,339.89	1,496.93	1,575.90	1,585.72
Dividends per share	24.00	18.00	18.00	22.00	26.00

Key ratios

item	2022/3	2023/3	2024/3	2025/3	2026/3
EBITDA/Net sales(%)	16.5	8.1	10.6	10.7	9.1
Operating income ratio(%)	7.8	5.7	5.1	6.5	2.6
Net income ratio(%)	8.1	2.8	2.8	5.1	2.5
Equity ratio(%)	57.4	58.0	60.6	63.3	59.9
ROA (Note2)(%)	8.0	3.0	4.4	4.5	2.7
ROE(%)	10.3	3.8	3.5	6.0	2.8
Debt equity ratio(times)	0.46	0.46	0.41	0.34	0.39

EBITDA=Ordinary income+interest expenses+depreciation costs+depreciation of goodwill-depreciation of negative goodwill
ROA=Ordinaly income ÷ average total assets at the beginning and end of the fiscal year × 100