Financial-related information

Consolidated Balance Sheets

Millions of Yen

Item	FY2020	FY2021	FY2022	FY2023	FY2024
Assets
Current Assets	75,990	94,806	107,677	102,779	105,384
Cash and deposits	13,831	6,594	4,931	7,199	13,170
Notes and accounts receivable trade, and contract assets	23,326	34,099	37,537	36,169	31,562
lnventories	36,709	51,089	62,429	56,923	58,927
Deferred tax assets	–	–	–	–	–
Others	2,124	3,024	2,780	2,488	1,725
Fixed assets	34,240	34,308	37,492	36,524	36,835
Tangible fixed assets	23,484	22,770	23,525	22,505	22,596
Buildings and structures	11,213	10,726	10,516	10,136	9,736
Machinery, equipment and vehicles	3,367	3,265	3,521	3,354	3,035
Land	6,322	6,322	6,317	6,317	6,316
Construction in progress	202	176	168	85	264
Others	2,377	2,279	3,003	2,613	3,245
Intangible fixed assets	1,922	1,889	2,316	3,107	4,023
Investments and other assets	8,833	9,649	11,649	10,911	10,215
lnvestment securities	3,921	3,831	5,867	6,340	5,853
Deferred tax assets	2,439	2,976	3,350	1,694	1,354
Others	2,473	2,842	2,432	2,877	3,008
Total assets	110,230	129,114	145,169	139,304	142,219

Item	FY2020	FY2021	FY2022	FY2023	FY2024
Liabilities
Current liabilities	49,952	67,120	81,791	80,854	86,352
Notes and accounts payable-trade	10,128	19,831	13,258	8,810	12,171
Short-term borrowings	34,161	38,371	58,915	63,426	64,611
Others	5,663	8,918	9,618	8,618	9,570
Fixed liabilities	28,909	26,322	25,896	26,079	23,632
Long-term borrowings	22,216	19,574	19,265	19,529	16,748
Reserve for retirement benefits	–	–	–	–	–
Net defined benefit liability	5,253	5,273	5,113	5,034	4,868
Others	1,438	1,475	1,518	1,516	2,014
Total liabilities	78,861	93,442	107,687	106,933	109,985
Net assets
Shareholders’ equity	34,501	36,070	35,306	27,791	24,248
Paid-in Capital	18,044	18,044	18,044	18,044	18,044
Capital surplus	1,990	1,990	1,972	1,894	1,798
Retained earnings	15,073	16,642	15,816	8,193	4,549
Treasury stock	△607	△607	△527	△341	△143
Accumulated other comprehensive income	△3,468	△824	1,431	3,805	6,965
Minority interests	335	426	743	773	1,020
Total net assets	31,368	35,672	37,482	32,370	32,234
Total liabilities and net assets	110,230	129,114	145,169	139,304	142,219

Millions of Yen

Item	FY2020	FY2021	FY2022	FY2023	FY2024
Net sales	70,401	101,292	117,454	94,750	95,185
Cost of sales	55,090	73,281	85,182	70,990	69,461
Gross profit	15,310	28,011	32,271	23,760	25,723
Selling, general and administrative expenses	19,780	24,143	29,413	26,459	26,686
Operating income (loss)	△4,469	3,868	2,858	△2,699	△962
Non-operating income	1,976	1,117	961	1,059	939
Non-operating expenses	1,749	1,464	2,655	2,044	3,304
Ordinary income (loss)	△3,957	3,439	1,163	△3,684	△3,327
Extraordinary income	57	18	161	90	2,324
Extraordinary loss	567	112	275	982	1,007
Net income (loss) before taxes and minority interests	△4,466	3,345	1,049	△4,576	△2,010
Corporate income tax, inhabitants tax, and enterprise taxes	571	1,362	1,184	774	728
Corporate tax adjuntments	△257	△264	△151	1,655	530
Profit(loss)attributable to non-controlling interests	△91	92	94	28	△34
Profit(loss)attributable to owners of parent	△4,688	2,154	△78	△7,035	△3,235

Millions of Yen

Item	FY2020	FY2021	FY2022	FY2023	FY2024
Cash flow from operating activities	8,509	△6,589	△14,641	2,254	9,371
Cash flow from investing activities	△2,698	△856	△4,930	△2,751	△2
Cash flow from financing activities	2,034	△369	17,485	2,456	△4,417
Effect of exchange rate changes on cash and cash equivalents	△1	561	405	297	671
Net increase (decrease) in cash and cash equivalents	7,844	△7,254	△1,681	2,257	5,894
Cash and cash equivalents at the beginning of the fiscal year	5,976	13,820	6,566	4,910	7,168
Cash and cash equivalents at the end of the fiscal year	13,820	6,566	4,910	7,168	13,146