Management Indicater

Sales and Income

Ratio of operating income to sales

Ratio of ordinary income to sales

Ratio of net income to sales

(billion yen)

Consolidated	FY2020	FY2021	FY2022	FY2023	FY2024
Net sales	150.4	164.4	191.2	207.3	206.1
Operating income	8.9	10.7	9.2	14.4	13.6
Ratio of operating income to sales	6.0%	6.5%	4.9%	7.0%	6.6%
Ordinary income	11.2	14.6	13.2	18.8	17.2
Ratio of ordinary income to sales	7.5%	8.9%	6.9%	9.1%	8.4%
Net income for the year attributable to owners of the parent	7.9	9.8	9.3	16.9	13.2
Ratio of net income to sales	5.3%	6.0%	4.9%	8.2%	6.4%

Equity ratio

Current ratio

Fixed ratio

Return on equity (ROE)

Return on assets (ROA)

Total assets turnover ratio

Capital expenditures

Depreciation expenses

R&D expenses

Balance of liability with interest

(billion yen)

Consolidated	FY2020	FY2021	FY2022	FY2023	FY2024
Equity ratio	49.5%	52.8%	53.4%	56.9%	57.2%
Current ratio	149%	183%	172%	190%	158%
Fixed ratio	138%	126%	122%	114%	117%
Return on assets (ROA)	4.2%	4.6%	3.7%	5.3%	4.7%
Return on equity (ROE)	7.6%	8.1%	7.0%	11.2%	7.9%
Total assets turnover ratio	0.70 times	0.70 times	0.76 times	0.75 times	0.71 times
Capital expenditures	16.2	18.1	22.9	31.5	28.7
Depreciation expenses	14.5	16.4	18.1	17.9	16.1
R&D expenses	1.9	1.9	2.0	2.1	1.9
Balance of liability with interest (includes convertible bond)	66.2	62.1	61.2	61.9	65.5

Cash and cash equivalents at end of period

(billion yen)

Consolidated	FY2020	FY2021	FY2022	FY2023	FY2024
Cash flows from operating activities	26.9	18.3	24.1	35.3	23.4
Cash flows from investing activities	-18.5	-17.1	-16.4	-19.5	-23.3
Cash flows from financing activities	0.8	-4.0	-3.5	-4.6	-10.1
Free cash flow	8.4	1.1	7.7	15.8	0.0
Cash and cash equivalents at end of period	28.0	26.6	31.5	44.4	34.6

Net income per share (EPS)

Net assets per share (BPS)

Cash dividends per share

Dividend payout ratio

(yen)

Consolidated	FY2020	FY2021	FY2022	FY2023	FY2024
Net assets per share	1,846.06	2,138.23	2,309.07	2,840.12	2,911.94
Net income per share	131.95	161.86	155.33	289.48	229.68
Cash dividends per share	33	41	42	77	58
Dividend payout ratio	25.0%	25.3%	27.0%	26.6%	25.3%

Price-earnings ratio (PER)

Price-book ratio (PBR)

Consolidated	FY2020	FY2021	FY2022	FY2023	FY2024
Price-earnings ratio (PER) (times)	9.63	5.86	7.43	5.90	5.98
Price-book ratio (PBR) (times)	0.69	0.44	0.50	0.60	0.47