Financial Highlights
- Net Sales: ¥626.96B
- Operating Income: ¥17.63B
- Net Income: ¥12.73B
- EPS: ¥231.36
Income Statement
| Item | Current | Prior | YoY % |
|---|---|---|---|
| Net Sales | ¥626.96B | ¥608.28B | +3.1% |
| Cost of Sales | ¥469.14B | ¥455.34B | +3.0% |
| Gross Profit | ¥157.81B | ¥152.94B | +3.2% |
| SG&A Expenses | ¥140.18B | ¥137.00B | +2.3% |
| Operating Income | ¥17.63B | ¥15.94B | +10.6% |
| Non-operating Income | ¥1.80B | ¥1.83B | −2.1% |
| Non-operating Expenses | ¥267M | ¥231M | +15.6% |
| Equity Method Investment Income | ¥51M | ¥53M | −3.8% |
| Ordinary Income | ¥19.16B | ¥17.54B | +9.2% |
| Profit Before Tax | ¥18.18B | ¥16.40B | +10.8% |
| Income Tax Expense | ¥5.73B | ¥5.34B | +7.4% |
| Net Income | ¥12.73B | ¥3.47B | +266.5% |
| Net Income Attributable to Owners | ¥12.45B | ¥11.06B | +12.5% |
| Total Comprehensive Income | ¥18.55B | ¥10.17B | +82.5% |
| Depreciation & Amortization | ¥10.53B | ¥10.40B | +1.2% |
| Interest Expense | ¥180M | ¥150M | +20.0% |
| Basic EPS | ¥231.36 | ¥204.96 | +12.9% |
| Dividend Per Share | ¥82.00 | ¥34.00 | +141.2% |
| Total Dividend Paid | ¥3.99B | ¥3.99B | +0.0% |
Balance Sheet
| Item | Current End | Prior End | Change |
|---|---|---|---|
| Current Assets | ¥129.44B | ¥116.29B | +¥13.15B |
| Cash and Deposits | ¥91.18B | ¥80.09B | +¥11.09B |
| Accounts Receivable | ¥7.59B | ¥6.98B | +¥613M |
| Inventories | ¥21.11B | ¥19.89B | +¥1.22B |
| Non-current Assets | ¥171.28B | ¥166.38B | +¥4.90B |
| Property, Plant & Equipment | ¥133.53B | ¥135.19B | −¥1.66B |
| Intangible Assets | ¥4.08B | ¥5.32B | −¥1.24B |
| Investment Securities | ¥13.52B | ¥10.46B | +¥3.06B |
| Total Assets | ¥300.71B | ¥282.66B | +¥18.05B |
| Current Liabilities | ¥73.65B | ¥68.39B | +¥5.27B |
| Accounts Payable | ¥32.85B | ¥31.86B | +¥991M |
| Short-term Loans | ¥10.66B | ¥10.58B | +¥79M |
| Non-current Liabilities | ¥30.92B | ¥30.24B | +¥679M |
| Long-term Loans | ¥13.49B | ¥13.80B | −¥311M |
| Total Liabilities | ¥104.57B | ¥98.62B | +¥5.95B |
| Total Equity | ¥196.14B | ¥184.04B | +¥12.11B |
| Capital Stock | ¥21.20B | ¥21.20B | ¥0 |
| Capital Surplus | ¥25.00B | ¥25.00B | ¥0 |
| Retained Earnings | ¥153.40B | ¥145.11B | +¥8.29B |
| Treasury Stock | −¥11.30B | −¥9.01B | −¥2.29B |
| Owners' Equity | ¥196.14B | ¥184.04B | +¥12.11B |
| Working Capital | ¥55.78B | - | - |
Cash Flow Statement
| Item | Current | Prior | Change |
|---|---|---|---|
| Operating Cash Flow | ¥26.30B | ¥19.38B | +¥6.92B |
| Investing Cash Flow | −¥7.33B | −¥11.49B | +¥4.16B |
| Financing Cash Flow | −¥7.87B | −¥2.59B | −¥5.28B |
| Free Cash Flow | ¥18.97B | - | - |
Profitability Ratios
| Item | Value |
|---|---|
| Operating Margin | 2.8% |
| ROA (Ordinary Income) | 6.6% |
| Payout Ratio | 36.1% |
| Dividend on Equity (DOE) | 2.2% |
| Book Value Per Share | ¥3,681.33 |
| Net Profit Margin | 2.0% |
| Gross Profit Margin | 25.2% |
| Current Ratio | 175.7% |
| Quick Ratio | 147.1% |
| Debt-to-Equity Ratio | 0.53x |
| Interest Coverage Ratio | 97.96x |
| EBITDA Margin | 4.5% |
| Effective Tax Rate | 31.5% |
Year-over-Year Comparison
| Item | YoY Change |
|---|---|
| Net Sales YoY Change | +3.1% |
| Operating Income YoY Change | +10.6% |
| Ordinary Income YoY Change | +9.2% |
| Profit Before Tax YoY Change | +10.8% |
| Net Income YoY Change | +266.5% |
| Net Income Attributable to Owners YoY Change | +12.5% |
| Total Comprehensive Income YoY Change | +82.5% |
Share Information
| Item | Value |
|---|---|
| Shares Outstanding (incl. Treasury) | 57.65M shares |
| Treasury Stock | 4.37M shares |
| Average Shares Outstanding | 53.79M shares |
| Book Value Per Share | ¥3,681.32 |
| EBITDA | ¥28.16B |
Dividend Information
| Item | Amount |
|---|---|
| Q2 Dividend | ¥37.00 |
| Year-End Dividend | ¥45.00 |
Full Year Forecast
| Item | Forecast |
|---|---|
| Net Sales Forecast | ¥648.00B |
| Operating Income Forecast | ¥18.00B |
| Ordinary Income Forecast | ¥19.60B |
| Net Income Forecast | ¥4.89B |
| Net Income Attributable to Owners Forecast | ¥12.40B |
| Basic EPS Forecast | ¥232.73 |
| Dividend Per Share Forecast | ¥41.00 |