Investor Relations

Integrated Report	Research Report by Shared Research Inc.

Financial Results for the full year

Year	72th year (March 2018)	73th year (March 2019)	7４th year (March 2020)
Year	Consolidated
Business Performance
Net Sales (million yen)	32,817	38,807	39,091
Operating Profit (million yen)	3,824	4,339	3,876
Ordinary Profit (million yen)	4,352	4,701	4,401
Profit attributable to owners of parent (million yen)	2,809	2,947	2,717
Basic earnings per share (yen)	67.32	70.62	65.14
Financial Condition
Total Assets (million yen)	47,277	47,557	48,102
Net Assets (million yen)	32,777	33,502	34,570
Shareholders' equity (%)	61.4	62.9	64.6
Net Assets per Share (yen)	694.94	716.40	748.16
ROE（％）	10.08	10.00	8.91
ROA（％）	6.52	6.22	5.68
Cash Flow Condition
Cash Flow from Operations (million yen)	4,079	4,848	4,141
Cash Flow from Investments (million yen)	(3,485)	(551)	(1,543)
Cash Flow from Financial Activities (million yen)	(666)	(1,848)	(2,281)
Balance of Cash and Cash Equivalents at year-end (million yen)	7,692	9,858	10,092

Year	1st Quarter (Apr to Jun)	2nd Quarter (Apr to Sept)	3rd Quarter (Apr to Dec)
Business Performance
Net Sales (million yen)	8,672	19,535	28,201
Operating Profit (million yen)	728	2,222	2,845
Ordinary Profit (million yen)	838	2,352	3,135
Profit attributable to owners of parent (million yen)	530	1,483	2,005
Basic earnings per share (yen)	12.71	33.55	48.05
Financial Condition
Total Assets (million yen)	47,323	47,788	47,683
Net Assets (million yen)	33,402	33,943	33,867
Ratio-to-Shareholder'sequity (%)	63.4	64.0	64.0
Cash Flow Condition
Cash Flow from Operations (thousand yen)	-	1,861,385	-
Cash Flow from Investments (thousand yen)	-	(955,092)	-
Cash Flow from Financial Activities (thousand yen)	-	(1,131,731)	-
Balance of Cash and Cash Equivalents at year-end (thousand yen)	-	9,512,695	-