Financial-related information

Consolidated Balance Sheets

Millions of Yen

Item	FY2017	FY2018	FY2019	FY2020	FY2021
Assets
Current Assets	79,102	88,059	80,210	75,990	94,806
Cash and deposits	6,407	7,324	5,987	13,831	6,594
Notes and accounts receivable-trade	32,398	33,465	30,461	23,326	34,099
lnventories	36,652	43,516	41,460	36,709	51,089
Deferred tax assets	1,116	1,314	–	–	–
Others	2,529	2,822	2,684	2,653	3,024
Fixed assets	31,451	31,062	34,505	34,240	34,308
Tangible fixed assets	23,545	23,141	24,154	23,484	22,770
Buildings and structures	12,452	11,890	11,514	11,213	10,726
Machinery, equipment and vehicles	3,211	3,411	3,610	3,367	3,265
Land	6,459	6,362	6,362	6,322	6,322
Construction in progress	38	107	329	202	176
Others	1,385	1,371	2,339	2,377	2,279
Intangible fixed assets	1,672	1,992	2,096	1,922	1,889
Investments and other assets	6,234	5,928	8,254	8,833	9,649
lnvestment securities	3,225	2,563	3,888	3,921	3,831
Deferred tax assets	887	1,195	2,356	2,439	2,976
Others	2,122	2,170	2,010	2,473	2,842
Total assets	110,554	119,121	114,715	110,230	129,114

Item	FY2017	FY2018	FY2019	FY2020	FY2021
Liabilities
Current liabilities	55,589	59,267	54,769	49,952	67,120
Notes and accounts payable-trade	14,049	16,285	9,997	10,128	19,831
Short-term borrowings and corporate bonds	34,646	36,002	37,334	34,161	38,371
Others	6,894	6,980	7,432	5,663	8,918
Fixed liabilities	21,621	22,612	22,194	28,909	26,322
Long-term borrowings and corporate bonds	15,905	16,376	15,664	22,216	19,574
Reserve for retirement benefits	–	–	–	–	–
Net defined benefit liability	5,207	5,582	5,251	5,253	5,273
Others	509	654	1,279	1,438	1,475
Total liabilities	77,211	81,880	76,963	78,861	93,442
Net assets
Shareholders’ equity	33,468	39,082	39,966	34,501	36,070
Paid-in Capital	18,044	18,044	18,044	18,044	18,044
Capital surplus	2,035	2,035	2,035	1,990	1,990
Retained earnings	13,994	19,160	20,494	15,073	16,642
Treasury stock	△606	△607	△607	△607	△607
Accumulated other comprehensive income	△742	△2,552	△2,929	△3,468	△824
Minority interests	617	711	714	335	426
Total net assets	33,343	37,241	37,752	31,368	35,672
Total liabilities and net assets	110,554	119,121	114,715	110,230	129,114

Millions of Yen

Item	FY2017	FY2018	FY2019	FY2020	FY2021
Net sales	103,659	112,064	99,169	70,401	101,292
Cost of sales	71,748	77,921	70,300	55,090	73,281
Gross profit	31,911	34,143	28,869	15,310	28,011
Selling, general and administrative expenses	23,755	24,995	25,030	19,780	24,143
Operating income (loss)	8,156	9,148	3,838	△4,469	3,868
Non-operating income	840	1,106	852	1,976	1,117
Non-operating expenses	1,157	1,868	1,749	1,464	1,546
Ordinary income (loss)	7,839	8,385	2,941	△3,957	3,439
Extraordinary income	39	17	11	57	18
Extraordinary loss	151	50	22	567	112
Net income (loss) before taxes and minority interests	7,727	8,353	2,930	△4,466	3,345
Corporate income tax, inhabitants tax, and enterprise taxes	1,319	1,749	977	571	1,362
Corporate tax adjuntments	709	△175	164	△257	△264
Minority interests	54	139	25	△91	92
Net income (loss)	5,642	6,640	1,763	△4,688	2,154

Millions of Yen

Item	FY2017	FY2018	FY2019	FY2020	FY2021
Cash flow from operating activities	10,488	2,682	3,054	8,509	△6,589
Cash flow from investing activities	△1,756	△2,390	△3,430	△2,698	△856
Cash flow from financing activities	△10,373	967	△810	2,034	△369
Effect of exchange rate changes on cash and cash equivalents	83	△293	△138	△1	561
Net increase (decrease) in cash and cash equivalents	△1,557	965	△1,324	7,844	△7,254
Cash and cash equivalents at the beginning of the fiscal year	7,892	6,335	7,301	5,976	13,820
Cash and cash equivalents at the end of the fiscal year	6,335	7,301	5,976	13,820	6,566