Financial-related information

Consolidated Balance Sheets

Millions of Yen

Item	FY2018	FY2019	FY2020	FY2021	FY2022
Assets
Current Assets	88,059	80,210	75,990	94,806	107,677
Cash and deposits	7,324	5,987	13,831	6,594	4,931
Notes and accounts receivable trade, and contract assets	33,465	30,461	23,326	34,099	37,537
lnventories	43,516	41,460	36,709	51,089	62,429
Deferred tax assets	1,314	–	–	–	–
Others	2,440	2,302	2,124	3,024	2,780
Fixed assets	31,062	34,505	34,240	34,308	37,492
Tangible fixed assets	23,141	24,154	23,484	22,770	23,525
Buildings and structures	11,890	11,514	11,213	10,726	10,516
Machinery, equipment and vehicles	3,411	3,610	3,367	3,265	3,521
Land	6,362	6,362	6,322	6,322	6,317
Construction in progress	107	329	202	176	168
Others	1,371	2,339	2,377	2,279	3,003
Intangible fixed assets	1,992	2,096	1,922	1,889	2,316
Investments and other assets	5,928	8,254	8,833	9,649	11,649
lnvestment securities	2,563	3,888	3,921	3,831	5,867
Deferred tax assets	1,195	2,356	2,439	2,976	3,350
Others	2,170	2,010	2,473	2,842	2,432
Total assets	119,121	114,715	110,230	129,114	145,169

Item	FY2018	FY2019	FY2020	FY2021	FY2022
Liabilities
Current liabilities	59,267	54,769	49,952	67,120	81,791
Notes and accounts payable-trade	16,285	9,997	10,128	19,831	13,258
Short-term borrowings	36,002	37,334	34,161	38,371	58,915
Others	6,980	7,432	5,663	8,918	9,618
Fixed liabilities	22,612	22,194	28,909	26,322	25,896
Long-term borrowings	16,376	15,664	22,216	19,574	19,265
Reserve for retirement benefits	–	–	–	–	–
Net defined benefit liability	5,582	5,251	5,253	5,273	5,113
Others	654	1,279	1,438	1,475	1,518
Total liabilities	81,880	76,963	78,861	93,442	107,687
Net assets
Shareholders’ equity	39,082	39,966	34,501	36,070	35,306
Paid-in Capital	18,044	18,044	18,044	18,044	18,044
Capital surplus	2,035	2,035	1,990	1,990	1,972
Retained earnings	19,160	20,494	15,073	16,642	15,816
Treasury stock	△607	△607	△607	△607	△527
Accumulated other comprehensive income	△2,552	△2,929	△3,468	△824	1,431
Minority interests	711	714	335	426	743
Total net assets	37,241	37,752	31,368	35,672	37,482
Total liabilities and net assets	119,121	114,715	110,230	129,114	145,169

Millions of Yen

Item	FY2018	FY2019	FY2020	FY2021	FY2022
Net sales	112,064	99,169	70,401	101,292	117,454
Cost of sales	77,921	70,300	55,090	73,281	85,182
Gross profit	34,143	28,869	15,310	28,011	32,271
Selling, general and administrative expenses	24,995	25,030	19,780	24,143	29,413
Operating income (loss)	9,148	3,838	△4,469	3,868	2,858
Non-operating income	1,106	852	1,976	1,117	961
Non-operating expenses	1,157	1,868	1,749	1,464	2,655
Ordinary income (loss)	8,385	2,941	△3,957	3,439	1,163
Extraordinary income	17	11	57	18	161
Extraordinary loss	50	22	567	112	275
Net income (loss) before taxes and minority interests	8,353	2,930	△4,466	3,345	1,049
Corporate income tax, inhabitants tax, and enterprise taxes	1,749	977	571	1,362	1,184
Corporate tax adjuntments	△175	164	△257	△264	△151
Profit(loss)attributable to non-controlling interests	139	25	△91	92	94
Profit(loss)attributable to owners of parent	6,640	1,763	△4,688	2,154	△78

Millions of Yen

Item	FY2018	FY2019	FY2020	FY2021	FY2022
Cash flow from operating activities	2,682	3,054	8,509	△6,589	△14,641
Cash flow from investing activities	△2,390	△3,430	△2,698	△856	△4,930
Cash flow from financing activities	967	△810	2,034	△369	17,485
Effect of exchange rate changes on cash and cash equivalents	△293	△138	△1	561	405
Net increase (decrease) in cash and cash equivalents	965	△1,324	7,844	△7,254	△1,681
Cash and cash equivalents at the beginning of the fiscal year	6,335	7,301	5,976	13,820	6,566
Cash and cash equivalents at the end of the fiscal year	7,301	5,976	13,820	6,566	4,910