| Item | Current | Prior | YoY % |
|---|---|---|---|
| Net Sales | ¥19.56B | ¥18.03B | +8.5% |
| Cost of Sales | ¥2.61B | ¥2.30B | +13.4% |
| Gross Profit | ¥16.95B | ¥15.73B | +7.8% |
| SG&A Expenses | ¥13.75B | ¥11.97B | +14.9% |
| Operating Income | ¥3.20B | ¥3.76B | -14.9% |
| Non-operating Income | ¥133M | ¥143M | -7.0% |
| Non-operating Expenses | ¥491M | ¥498M | -1.4% |
| Ordinary Income | ¥2.84B | ¥3.40B | -16.5% |
| Profit Before Tax | ¥2.84B | ¥3.28B | -13.4% |
| Income Tax Expense | ¥760M | ¥1.05B | -27.3% |
| Net Income | ¥2.08B | ¥2.24B | -6.9% |
| Depreciation & Amortization | ¥1.33B | ¥1.27B | +4.4% |
| Interest Expense | ¥479M | ¥485M | -1.2% |
| Earnings per Unit (EPU) | ¥155.27 | ¥158.92 | -2.3% |
| Distribution per Unit (DPU) | ¥35.00 | ¥30.00 | +16.7% |
| Total Dividend Paid | ¥402M | ¥402M | +0.0% |
| Item | Current End | Prior End | Change |
|---|---|---|---|
| Current Assets | ¥2.18B | ¥2.97B | ¥-796M |
| Cash and Deposits | ¥1.10B | ¥2.30B | ¥-1.21B |
| Accounts Receivable | ¥656M | ¥489M | +¥167M |
| Inventories | ¥5M | ¥5M | ¥0 |
| Non-current Assets | ¥29.42B | ¥25.47B | +¥3.95B |
| Item | Current | Prior | Change |
|---|---|---|---|
| Operating Cash Flow | ¥3.10B | ¥3.24B | ¥-135M |
| Investing Cash Flow | ¥-4.97B | ¥-1.33B | ¥-3.65B |
| Financing Cash Flow | ¥665M | ¥-2.10B | +¥2.77B |
| Free Cash Flow | ¥-1.87B | - | - |
| Item | Value |
|---|---|
| Operating Margin | 16.4% |
| ROA (Ordinary Income) | 9.5% |
| Payout Ratio | 18.9% |
| Dividend on Equity (DOE) | 2.7% |
| Book Value Per Share | ¥1,228.17 |
| Net Profit Margin | 10.6% |
| Gross Profit Margin | 86.7% |
| Current Ratio | 35.5% |
| Quick Ratio | 35.4% |
| Debt-to-Equity Ratio |
| Item | YoY Change |
|---|---|
| Net Sales YoY Change | +8.5% |
| Operating Income YoY Change | -14.9% |
| Ordinary Income YoY Change | -16.5% |
| Net Income YoY Change | -6.9% |
| Item | Value |
|---|---|
| Units Outstanding (incl. Treasury) | 15.20M shares |
| Treasury Units | 1.80M shares |
| Average Units Outstanding | 13.40M shares |
| NAV per Unit | ¥1,228.11 |
| EBITDA | ¥4.53B |
| Item | Amount |
|---|---|
| Year-End Distribution | ¥30.00 |
| Item | Forecast |
|---|---|
| Net Sales Forecast | ¥22.00B |
| Operating Income Forecast | ¥3.80B |
| Ordinary Income Forecast | ¥3.40B |
| Net Income Forecast | ¥2.20B |
| Earnings per Unit Forecast (EPU) | ¥164.14 |
| Distribution per Unit Forecast (DPU) | ¥35.00 |
| Property, Plant & Equipment | ¥27.93B | ¥24.22B | +¥3.71B |
| Intangible Assets | ¥188M | ¥107M | +¥81M |
| Investment Securities | ¥13M | ¥7M | +¥6M |
| Total Assets | ¥31.60B | ¥28.44B | +¥3.16B |
| Current Liabilities | ¥6.14B | ¥3.60B | +¥2.54B |
| Accounts Payable | ¥264M | ¥226M | +¥38M |
| Short-term Loans | ¥2.45B | - | - |
| Non-current Liabilities | ¥8.99B | ¥10.07B | ¥-1.07B |
| Long-term Loans | ¥1.34B | ¥2.20B | ¥-855M |
| Total Liabilities | ¥15.14B | ¥13.66B | +¥1.47B |
| Total Equity | ¥16.46B | ¥14.78B | +¥1.68B |
| Capital Stock | ¥1.30B | ¥1.30B | ¥0 |
| Capital Surplus | ¥500M | ¥500M | ¥0 |
| Retained Earnings | ¥16.88B | ¥15.20B | +¥1.68B |
| Treasury Stock | ¥-2.22B | ¥-2.22B | ¥0 |
| Owners' Equity | ¥16.46B | ¥14.78B | +¥1.68B |
| Working Capital | ¥-3.96B | - | - |
| 0.92x |
| Interest Coverage Ratio | 6.68x |
| EBITDA Margin | 23.1% |
| Effective Tax Rate | 26.7% |