Financial-related information

Consolidated Balance Sheets

Millions of Yen

Item	FY2014	FY2015	FY2016	FY2017	FY2018
Assets
Current Assets	97,789	86,958	80,066	79,102	88,059
Cash and deposits	9,491	7,906	8,048	6,407	7,324
Notes and accounts receivable-trade	31,275	31,263	30,741	32,398	33,465
lnventories		42,647	37,616	36,652	43,516
Deferred tax assets	3,050	2,595	1,680	1,116	1,314
Others	3,723	2,549	1,981	2,529	2,822
Fixed assets	32,961	32,323	31,298	31,451	31,062
Tangible fixed assets	26,304	25,024	23,512	23,545	23,141
Buildings and structures	14,625	13,844	12,890	12,452	11,890
Machinery, equipment and vehicles	3,324	3,036	2,755	3,211	3,411
Land	6,774	6,656	6,523	6,459	6,362
Construction in progress	35	97	49	38	107
Others	1,544	1,389	1,292	1,385	1,371
Intangible fixed assets	2,216	1,797	1,711	1,672	1,992
Investments and other assets	4,440	5,501	6,074	6,234	5,963
lnvestment securities	3,051	3,009	3,018	3,225	2,563
Deferred tax assets	124	202	1,021	887	1,195
Others	1,263	2,289	2,035	2,122	2,170
Total assets	130,751	119,281	111,365	110,554	119,121

Item	FY2014	FY2015	FY2016	FY2017	FY2018
Liabilities
Current liabilities	64,436	61,254	61,254	55,589	59,267
Notes and accounts payable-trade	13,892	10,126	9,972	14,049	16,285
Short-term borrowings and corporate bonds	52,699	46,994	43,253	34,646	36,002
Others	10,510	7,315	8,029	6,894	6,980
Fixed liabilities	28,639	26,367	22,528	21,621	22,612
Long-term borrowings and corporate bonds	16,376	22,048	20,382	16,903	15,905
Reserve for retirement benefits	–	–	–	–	–
Net defined benefit liability	5,270	5,084	5,163	5,207	5,582
Others	1,320	900	462	509	654
Total liabilities	105,741	90,803	83,782	77,211	81,880
Net assets
Shareholders’ equity	23,831	27,873	28,412	33,468	39,082
Paid-in Capital	18,044	18,044	18,044	18,044	18,044
Capital surplus	2,094	2,094	2,035	2,035	2,035
Retained earnings	3,754	7,800	8,937	13,994	19,160
Treasury stock	△62	△66	△605	△606	△ 607
Accumulated other comprehensive income	163	△194	△1,406	△742	△ 2,552
Minority interests	1,015	799	576	617	711
Total net assets	25,010	28,477	27,582	33,343	37,241
Total liabilities and net assets	130,751	119,281	111,365	110,554	1139,121

Millions of Yen

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Item	FY2014	FY2015	FY2016	FY2017	FY2018
Net sales	107,581	112,865	97,724	103,659	112,064
Cost of sales	74,078	78,293	68,134	71,748	77,921
Gross profit	33,503	34,571	29,590	31,911	34,143
Selling, general and administrative expenses	25,285	27,461	24,938	23,755	24,995
Operating income (loss)	8,217	7,110	4,651	8,156	9,148
Non-operating income	1,069	914	854	840	1,106
Non-operating expenses	1,576	2,296	2,483	1,157	1,868
Ordinary income (loss)	7,710	5,728	3,022	7,839	8,385
Extraordinary income	24	51	441	39	17
Extraordinary loss	147	137	373	151	50
Net income (loss) before taxes and minority interests	7,587	5,642	3,090	7,727	8,353
Corporate income tax, inhabitants tax, and enterprise taxes	1,902	1,625	1,333	1,319	1,749
Corporate tax adjuntments	△274	364	34	709	△175
Minority interests	△100	△200	△246	54	139
Net income (loss)	6,058	3,853	1,883	5,642	6,640

Millions of Yen

Item	FY2014	FY2015	FY2016	FY2017	FY2018
Cash flow from operating activities	3,459	8,924	9,818	10,488	2,682
Cash flow from investing activities	△1,868	△1,218	△1,046	△1,756	△2,390
Cash flow from financing activities	837	△9,044	△8,100	△10,373	967
Effect of exchange rate changes on cash and cash equivalents	617	△275	△450	83	△293
Net increase (decrease) in cash and cash equivalents	3,045	△1,613	221	△1,557	965
Cash and cash equivalents at the beginning of the fiscal year	6,239	9,285	7,671	7,892	6,335
Cash and cash equivalents at the end of the fiscal year	9,285	7,671	7,892	6,335	7,301