Financial-related information

Consolidated Balance Sheets

Millions of Yen

Item	FY2013	FY2014	FY2015	FY2016	FY2017
Assets
Current Assets	79,505	97,789	86,958	80,066	79,102
Cash and deposits	6,254	9,491	7,906	8,048	6,407
Notes and accounts receivable-trade	24,879	31,275	31,263	30,741	32,398
lnventories	44,328	50,248	42,647	37,616	36,652
Deferred tax assets	1,788	3,050	2,595	1,680	1,116
Others	2,254	3,723	2,549	1,981	2,529
Fixed assets	33,683	32,961	32,323	31,298	31,451
Tangible fixed assets	26,614	26,304	25,024	23,512	23,545
Buildings and structures	15,204	14,625	13,844	12,890	12,452
Machinery, equipment and vehicles	2,996	3,324	3,036	2,755	3,211
Land	6,774	6,774	6,656	6,523	6,459
Construction in progress	25	35	97	49	38
Others	1,612	1,544	1,389	1,292	1,385
Intangible fixed assets	1,579	2,216	1,797	1,711	1,672
Investments and other assets	5,489	4,440	5,501	6,074	6,234
lnvestment securities	2,741	3,051	3,009	3,018	3,225
Deferred tax assets	1,373	124	202	1,021	887
Others	1,374	1,263	2,289	2,035	2,122
Total assets	113,189	130,751	119,281	111,365	110,554

Item	FY2013	FY2014	FY2015	FY2016	FY2017
Liabilities
Current liabilities	77,101	64,436	61,254	61,254	55,589
Notes and accounts payable-trade	11,875	13,892	10,126	9,972	14,049
Short-term borrowings and corporate bonds	53,433	52,699	46,994	43,253	34,646
Others	7,542	10,510	7,315	8,029	6,894
Fixed liabilities	28,531	28,639	26,367	22,528	21,621
Long-term borrowings and corporate bonds	22,076	22,048	20,382	16,903	15,905
Reserve for retirement benefits	5,217	–	–	–	–
Net defined benefit liability	–	5,270	5,084	5,163	5,207
Others	1,238	1,320	900	462	509
Total liabilities	101,382	105,741	90,803	83,782	77,211
Net assets
Shareholders’ equity	13,585	23,831	27,873	28,412	33,468
Paid-in Capital	15,950	18,044	18,044	18,044	18,044
Capital surplus	–	2,094	2,094	2,035	2,035
Retained earnings	△ 2,304	3,754	7,800	8,937	13,994
Treasury stock	△ 60	△62	△66	△605	△606
Accumulated other comprehensive income	△ 2,153	163	△194	△1,406	△742
Minority interests	374	1,015	799	576	617
Total net assets	11,806	25,010	28,477	27,582	33,343
Total liabilities and net assets	113,189	130,751	119,281	111,365	110,554

Millions of Yen

Item	FY2013	FY2014	FY2015	FY2016	FY2017
Net sales	94,385	107,581	112,865	97,724	103,659
Cost of sales	68,094	74,078	78,293	68,134	71,748
Gross profit	26,291	33,503	34,571	29,590	31,911
Selling, general and administrative expenses	21,139	25,285	27,461	24,938	23,755
Operating income (loss)	5,151	8,217	7,110	4,651	8,156
Non-operating income	922	1,069	914	854	840
Non-operating expenses	2,195	1,576	2,296	2,483	1,157
Ordinary income (loss)	3,878	7,710	5,728	3,022	7,839
Extraordinary income	194	24	51	441	39
Extraordinary loss	1,637	147	137	373	151
Net income (loss) before taxes and minority interests	2,434	7,587	5,642	3,090	7,727
Corporate income tax, inhabitants tax, and enterprise taxes	578	1,902	1,625	1,333	1,319
Corporate tax adjuntments	△1,171	△274	364	34	709
Minority interests	20	△100	△200	△246	54
Net income (loss)	3,006	6,058	3,853	1,883	5,642

Millions of Yen

Item	FY2013	FY2014	FY2015	FY2016	FY2017
Cash flow from operating activities	6,405	3,459	8,924	9,818	10,488
Cash flow from investing activities	293	△1,868	△1,218	△1,046	△1,756
Cash flow from financing activities	△ 9,445	837	△9,044	△8,100	△10,373
Effect of exchange rate changes on cash and cash equivalents	1,027	617	△275	△450	83
Net increase (decrease) in cash and cash equivalents	△ 1,720	3,045	△1,613	221	△1,557
Cash and cash equivalents at the beginning of the fiscal year	7,960	6,239	9,285	7,671	7,892
Cash and cash equivalents at the end of the fiscal year	6,239	9,285	7,671	7,892	6,335