Investor Relations

Financial Information

Management Indicators

Profitability

(%)

2016/12 2017/12 2018/12 2019/12 2020/12
Gross profit ratio 44.2 45.7 45.6 42.9 46.6
Operating income ratio 12.4 13.3 11.4 4.9 7.5
Net income ratio 7.3 9.2 8.3 0.0 4.1
Gross profit ratio

(%)

Operating income ratio

(%)

Net income ratio

(%)

Efficiency

(Times)

2016/12 2017/12 2018/12 2019/12 2020/12
Total asset turnover 1.19 1.19 0.71 0.73 0.69
Inventory turnover 4.51 4.43 3.16 3.87 4.20
Fixed assets turnover 5.42 5.58 1.62 1.39 1.37

* The amount of total assets, inventory and fixed assets are calculated using the average of the figures at the beginning and end of the period.

Total asset turnover

(Times)

Inventory turnover

(Times)

Fixed assets turnover

(Times)

Stability

(%)

2016/12 2017/12 2018/12 2019/12 2020/12
Shareholders’ equity ratio 37.7 48.9 22.0 20.5 23.9
Liquidity ratio 175.7 223.2 77.9 121.3 133.6
Fixed assets ratio 51.1 41.3 216.4 224.6 188.8
Shareholders’ equity ratio

(%)

Liquidity ratio

(%)

Fixed assets ratio

(%)

Productivity

(millions of yen)

2016/12 2017/12 2018/12 2019/12 2020/12
Net sales per employee 63.6 53.6 37.2 39.9 37.1
Operating income
per employee
7.9 7.1 4.2 2.0 2.8
Net income
per employee
4.6 4.9 3.1 0.0 1.5
Number of employees (persons)
(Average number of part time employees)
246
95
281
100
541
121
556
112
537
92

* Net sales per employee, operating income per employee and net income per employee are calculated using the average number of employees during the period.

Net sales per employee

(millions of yen)

Operating income per employee

(millions of yen)

Net income per employee

(millions of yen)

Cash flows

(millions of yen)

2016/12 2017/12 2018/12 2019/12 2020/12
Free cash flow 1,124 207 △10,420 1,928 1,679
Capital expenditure 385 239 272 375 184
Depreciation 358 246 411 1,484 1,412

* Free cash flow= cash flows from operating activities + cash flows from investing activities

Free cash flow

(millions of yen)

Capital expenditure

(millions of yen)

Depreciation

(millions of yen)

Other Investment Indicators

(%)

2016/12 2017/12 2018/12 2019/12 2020/12
Return on equity
(ROE)
21.90 25.28 19.91 0.06 12.91
Return on assets
(ROA)
14.45 15.99 8.13 2.77 4.60

* Shareholder’s equity and total assets are an average of the amount at the beginning of the period and the amount at the end of the period, respectively.

Return on equity(ROE)

(%)

Return on assets(ROA)

(%)

Indicators per share

(yen)

2016/12 2017/12 2018/12 2019/12 2020/12
Net income per share 183.24 260.05 233.13 0.87 154.76
Net assets per share 883.44 1,092.73 1,247.26 1,124.13 1,271.42

* Shareholder’s equity and total assets are calculated using the average of the figures at the beginning and end of the period.

Net income per share

(yen)

Net assets per share

(yen)