Financial Highlight

(\Millions)

Fiscal year ended		2016.3	2017.3	2018.3	2019.3	2020.3
Net sales	¥ Millions	311,628	312,932	323,495	335,339	344,839
Operating income	¥ Millions	11,093	11,574	10,060	11,222	11,101
Ordinary income	¥ Millions	12,666	13,162	11,862	13,065	12,740
Net income	¥ Millions	8,222	8,934	7,651	8,455	8,941
Comprehensive income	¥ Millions	3,667	14,922	11,889	7,258	6,520
Net assets	¥ Millions	135,743	147,446	156,905	154,986	158,581
Total assets	¥ Millions	247,919	252,074	272,166	293,392	290,428
Net assets per share	¥	1,625.29	1,784.44	1,897.64	1,961.17	2,006.14
Net income per share	¥	100.99	111.40	95.34	108.78	116.71
Equity ratio	%	52.7	56.8	56.0	51.2	52.9
ROE	%	6.25	6.53	5.18	5.59	5.89
PER	times	18.32	14.76	17.30	17.47	14.45
Cash flows from operating activities	¥ Millions	20,675	17,391	15,217	17,063	15,532
Cash flows from investing activites	¥ Millions	(6,336)	(12,646)	(11,941)	(14,614)	(14,130)
Cash flows from financing activities	¥ Millions	(6,210)	(11,137)	2,824	7,135	(759)
Cash and cash equivalents at end of the year	¥ Millions	20,776	14,368	20,556	30,085	31,012
Number of employees		3,519	3,610	3,696	3,687	3,737

*The Company conducted a 1-for-2 share consolidation on October 1, 2016. Amounts of net assets per share, profit per share and fully diluted profit per share presented above were calculated assuming that the share consolidation was conducted at the beginning of the previous fiscal year (FY2016).
*Effective from the fiscal year ended March 31, 2019 (FY2019), the Company has applied "Partial Amendments to Accounting Standard for Tax Effect Accounting, etc." (ASBJ Statement No. 28, February 16, 2018) and other standards, and for total assets and the equity ratio for the previous fiscal year (FY2018), figures after retrospective application of these accounting standards are presented.

Financial Highlight (Non - Consolidated)

Fiscal year ended		2016.3	2017.3	2018.3	2019.3	2020.3
Net sales	¥ Millions	200,299	193,569	191,505	203,641	211,445
Operating income	¥ Millions	8,214	8,370	7,953	8,433	8,954
Ordinary income	¥ Millions	9,837	9,732	9,264	10,111	10,494
Net income	¥ Millions	7,146	6,861	6,672	7,012	7,759
Net assets	¥ Millions	116,763	125,526	132,595	129,214	132,615
Total assets	¥ Millions	196,846	197,071	210,367	228,309	227,508
Net assets per share	¥	1,448.49	1,558.75	1,645.57	1,679.88	1,722.99
Dividend per share	¥	14.00	30.00	30.00	32.00	34.00
Interim dividend per share	¥	6.00	14.00	15.00	15.00	16.00
Net income per share	¥	87.57	85.35	82.94	89.99	101.02
Equity ratio	%	59.3	63.6	62.9	56.5	58.2
ROE	%	6.07	5.67	5.18	5.37	5.94
PER	times	21.12	19.26	19.88	21.11	16.70
Number of employees		982	976	980	1,002	1,025

*The Company conducted a 1-for-2 share consolidation on October 1, 2016. Amounts of net assets per share, profit per share and fully diluted profit per share presented above were calculated assuming that the share consolidation was conducted at the beginning of the previous fiscal year (FY2016).
*Effective from the fiscal year ended March 31, 2019 (FY2019), the Company has applied "Partial Amendments to Accounting Standard for Tax Effect Accounting, etc." (ASBJ Statement No. 28, February 16, 2018) and other standards, and for total assets and the equity ratio for the previous fiscal year (FY2018), figures after retrospective application of these accounting standards are presented.