Investor Relations

Financial Results

Financial Highlights

■Business Results (Non-Consolidated) (Millions of yen)
2012/12 2013/12 2014/12 2015/12 2016/12
Net sales 10,124 12,256 18,120 17,173 16,908
Gross profit 2,629 3,306 4,360 5,073 4,771
Selling, general and administrative expenses 1,464 1,800 2,125 2,415 2,835
Operating income 1,165 1,505 2,235 2,657 1,935
Ordinary income 1,075 1,433 2,087 2,442 1,968
Net income 948 1,346 1,541 1,550 1,142
■Financial Position (Non-Consolidated) (Millions of yen)
2012/12 2013/12 2014/12 2015/12 2016/12
Total assets 18,612 23,017 19,539 19,312 23,791
Net assets 10,935 12,282 13,514 14,626 15,283
Interesting bearing debt 5,545 7,837 2,759 1,311 4,793
■Cash Flows (Non-Consolidated) (Millions of yen)
2012/12 2013/12 2014/12 2015/12 2016/12
Cash flows from operating activities 443 1,014 7,123 3,941 △708
Cash flows from investing activities △489 △2,764 146 △1,069 △1,554
Cash flows from financing activities 311 2,256 △5,429 △1,888 2,999
Free cash flows※4 △45 △1,750 7,269 2,871 △2,253

Note: Free cash flows = Cash flows from operating activities + Cash flows from investing activities

(Millions of yen)

Cash Flows (Non-Consolidated)
  • ■Cash flows from operating activities
  • ■Cash flows from investing activities
  • ■Cash flows from financing activities
  • ■Free cash flows
■Major Indicators (Non-Consolidated)
項目 2012/12 2013/12 2014/12 2015/12 2016/12
Gross margin (%) 26.0% 27.0% 24.1% 29.5% 28.2%
Operating margin (%) 11.5% 12.3% 12.3% 15.5% 11.4%
Return on assets (ROA) (%) 5.3% 6.5% 7.2% 8.0% 5.3%
Return on equity (ROE) (%) 9.1% 11.6% 11.9% 11.0% 7.6%
Shareholders' equity ratio (%) 58.8% 53.4% 69.2% 75.7% 64.2%
Current ratio (%) 323.2% 337.6% 410.8% 316.7% 245.4%
Debt equity ratio (times) 0.51 0.64 0.20 0.09 0.31
■Per Share Data (Non-Consolidated) (Yen)
2012/12 2013/12 2014/12 2015/12 2016/12
Net income per share 77.2 109.7 125.5 126.3 93.1
Net assets per share 890.7 1000.5 1100.9 1191.4 1245.1
Cash dividends per share 0 25 36 39 39