Financial-related information

Consolidated Balance Sheets

Millions of Yen

Item	FY2016	FY2017	FY2018	FY2019	FY2020
Assets
Current Assets	80,066	79,102	88,059	80,210	75,990
Cash and deposits	8,048	6,407	7,324	5,987	13,831
Notes and accounts receivable-trade	30,741	32,398	33,465	30,461	23,326
lnventories	37,616	36,652	43,516	41,460	36,709
Deferred tax assets	1,680	1,116	1,314	–	–
Others	1,981	2,529	2,822	2,684	2,653
Fixed assets	31,298	31,451	31,062	34,505	34,240
Tangible fixed assets	23,512	23,545	23,141	24,154	23,484
Buildings and structures	12,890	12,452	11,890	11,514	11,213
Machinery, equipment and vehicles	2,755	3,211	3,411	3,610	3,367
Land	6,523	6,459	6,362	6,362	6,322
Construction in progress	49	38	107	329	202
Others	1,292	1,385	1,371	2,339	2,377
Intangible fixed assets	1,711	1,672	1,992	2,096	1,922
Investments and other assets	6,074	6,234	5,928	8,254	8,833
lnvestment securities	3,018	3,225	2,563	3,888	3,921
Deferred tax assets	1,021	887	1,195	2,356	2,439
Others	2,035	2,122	2,170	2,010	2,473
Total assets	111,365	110,554	119,121	114,715	110,230

Item	FY2016	FY2017	FY2018	FY2019	FY2020
Liabilities
Current liabilities	61,254	55,589	59,267	54,769	49,952
Notes and accounts payable-trade	9,972	14,049	16,285	9,997	10,128
Short-term borrowings and corporate bonds	43,253	34,646	36,002	37,334	34,161
Others	8,029	6,894	6,980	7,432	5,663
Fixed liabilities	22,528	21,621	22,612	22,194	28,909
Long-term borrowings and corporate bonds	16,903	15,905	16,376	15,664	22,216
Reserve for retirement benefits	–	–	–	–	–	–
Net defined benefit liability	5,163	5,207	5,582	5,251	5,253
Others	462	509	654	1,279	1,438
Total liabilities	83,782	77,211	81,880	76,963	78,861
Net assets
Shareholders’ equity	28,412	33,468	39,082	39,966	34,501
Paid-in Capital	18,044	18,044	18,044	18,044	18,044
Capital surplus	2,035	2,035	2,035	2,035	1,990
Retained earnings	8,937	13,994	19,160	20,494	15,073
Treasury stock	△605	△606	△607	△607	△607
Accumulated other comprehensive income	△1,406	△742	△2,552	△2,929	△3,468
Minority interests	576	617	711	714	335
Total net assets	27,582	33,343	37,241	37,752	31,368
Total liabilities and net assets	111,365	110,554	119,121	114,715	110,230

Millions of Yen

Item	FY2016	FY2017	FY2018	FY2019	FY2020
Net sales	97,724	103,659	112,064	99,169	70,401
Cost of sales	68,134	71,748	77,921	70,300	55,090
Gross profit	29,590	31,911	34,143	28,869	15,310
Selling, general and administrative expenses	24,938	23,755	24,995	25,030	19,780
Operating income (loss)	4,651	8,156	9,148	3,838	△4,469
Non-operating income	854	840	1,106	852	1,976
Non-operating expenses	2,483	1,157	1,868	1,749	1,464
Ordinary income (loss)	3,022	7,839	8,385	2,941	△3,957
Extraordinary income	441	39	17	11	57
Extraordinary loss	373	151	50	22	567
Net income (loss) before taxes and minority interests	3,090	7,727	8,353	2,930	△4,466
Corporate income tax, inhabitants tax, and enterprise taxes	1,333	1,319	1,749	977	571
Corporate tax adjuntments	34	709	△175	164	△257
Minority interests	△246	54	139	25	△91
Net income (loss)	1,883	5,642	6,640	1,763	△4,688

Millions of Yen

Item	FY2016	FY2017	FY2018	FY2019	FY2020
Cash flow from operating activities	9,818	10,488	2,682	3,054	8,509
Cash flow from investing activities	△1,046	△1,756	△2,390	△3,430	△2,698
Cash flow from financing activities	△8,100	△10,373	967	△810	2,034
Effect of exchange rate changes on cash and cash equivalents	△450	83	△293	△138	△1
Net increase (decrease) in cash and cash equivalents	221	△1,557	965	△1,324	7,844
Cash and cash equivalents at the beginning of the fiscal year	7,671	7,892	6,335	7,301	5,976
Cash and cash equivalents at the end of the fiscal year	7,892	6,335	7,301	5,976	13,820