Financial Highlights
Net Sales
Net Sales by Sales Format
Ordinary Income
Net Income
Business Results Data (Cons.)
Unit：million yen
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025(Est.) | |
|---|---|---|---|---|---|
| Net Sales | 11,698 | 12,326 | 12,585 | 13,030 | 13,583 |
|
Cost of Sales |
6,438 55.0% |
6,931 56.2% |
7,107 56.5% |
7,326 56.2% |
7,577 55.8% |
|
Gross Profit |
5,260 45.0% |
5,395 43.8% |
5,478 43.5% |
5,704 43.8% |
6,006 44.2% |
|
SG&A expenses |
4,393 37.6% |
4,654 37.8% |
4,675 37.1% |
5,011 38.5% |
5,004 36.8% |
|
Operating Income |
866 7.4% |
741 6.0% |
803 6.4% |
692 5.3% |
1,002 7.4% |
|
Ordinary Income |
1,009 8.6% |
834 6.8% |
872 6.9% |
750 5.8% |
1,043 7.7% |
|
Net Income |
660 5.6% |
482 3.9% |
154 1.2% |
840 6.5% |
796 5.9% |
Net Sales by Sales Format(cons.)
Unit：million yen
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025(Est.) | |
|---|---|---|---|---|---|
|
Own-brand |
6,884 58.8% |
6,986 56.7% |
6,920 55.0% |
7,182 55.1% |
7,530 55.4% |
| Overseas (%) |
3,493 29.9% |
4,000 32.5% |
4,257 33.8% |
4,608 35.4% |
4,719 34.7% |
| OEM Sales (%) |
1,320 11.3% |
1,340 10.9% |
1,407 11.2% |
1,239 9.5% |
1,334 9.8% |
| Total (%) |
11,698 100.0% |
12,326 100.0% |
12,585 100.0% |
13,030 100.0% |
13,583 100.0% |
Graph Showing Financial Position
Free Cash Flow
Financial Position Data(cons.)
Unit：million yen
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025(Est.) | |
|---|---|---|---|---|---|
|
Current Assets |
11,575 | 12,128 | 12,722 | 13,940 | 14,807 |
|
Fixed Assets |
6,500 | 6,736 | 6,535 | 6,107 | 5,051 |
|
Total Assets |
18,075 | 18,865 | 19,258 | 20,047 | 19,857 |
|
Current Liabilities |
2,573 | 2,816 | 2,967 | 3,105 | 2,915 |
|
Fixed Liabilities |
1,282 | 1,325 | 1,347 | 1,191 | 984 |
|
Total Liabilities |
3,855 | 4,141 | 4,314 | 4,296 | 3,899 |
|
Shareholders' Equity |
14,220 | 14,723 | 14,944 | 15,750 | 15,958 |
|
Equity Ratio |
78.7% | 78.0% | 77.6% | 78.6% | 80.4% |
Cash Flow Data
Unit：million yen
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 (Est.) |
|
|---|---|---|---|---|---|
|
Net cash provided by (used in) operating activities |
1,248 | 478 | 698 | 2,249 | 818 |
|
Net cash provided by (used in) investing activities |
△ 585 | 43 | △ 363 | 270 | △ 167 |
|
Net cash provided by (used in) financing activities |
△ 442 | △ 356 | △ 362 | △ 877 | △ 365 |
|
Net increase in cash and cash equivalents |
330 | 288 | 68 | 1,891 | 386 |
|
Cash and cash equivalents at end of year |
3,413 | 3,702 | 3,770 | 5,662 | 5,602 |
|
Free Cash Flow |
663 | 522 | 335 | 2,520 | 651 |
- NOTE 1) Figures are shown on a consolidated basis.
- NOTE 2) Figures are shown rounded down to the nearest million yen.
- NOTE 3) Free Cash Flow is represented as the total of CF from operating activities + CF from investment activities.
Investment index
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025(Est.) | |
|---|---|---|---|---|---|
| ROE | 4.8% | 3.3% | 1.0% | 5.5% | 5.0% |
| EPS(yen) | 72.61 | 53.00 | 16.92 | 95.41 | 92.67 |
| BPS(yen) | 1,563.55 | 1,618.10 | 1,641.59 | 1,833.67 | 1,857.81 |
|
Dividend per Share (yen) |
37 | 37 | 37 | 39 | 37 |
|
Dividend Payout Ratio(cons.) |
51.0% | 69.8% | 218.7% | 40.9% | 39.9% |