CONSOLIDATED FINANCIAL STATEMENTS
These Consolidated Financial Statements were publicly released in the Japanese language on November 11, 2019.
(1) Consolidated statement of financial position

AssetsCurrent assets
Cash and cash equivalents
Trade and other receivables
Inventories
Income taxes receivable
Other financial assets
Other current assets
Total current assets
Non-current assets
Property, plant and equipment
Goodwill
Intangible assets
Investments accounted for using equity method
Other financial assets
Deferred tax assets
Other non-current assets
Total non-current assets
Total assets(Millions of yen)
As of March 31,
2019

As of September
30, 2019

17,53021,707
12,94912471
894

17,35821,184
12,80712548
764

53,56452,67632,597
72
1,761
6,357
6,997
457
748

34,525
13,707
1,915
6,386
8,123
453
646

48,99265,759102,557

118,435

(Millions of yen)
As of March 31,
2019

As of September 30,
2019

Liabilities and equity
Current liabilities
Trade and other payables
Bonds and borrowings
Income taxes payable
Other financial liabilities
Provisions
Other current liabilities

16,6502,768
552
383153,908

13,48018,429
321
1,003
31
3,944

Total current liabilities

24,232

37,210Non-current liabilities
Bonds and borrowings
Retirement benefit liability
Other financial liabilities
Deferred tax liabilities
Other non-current liabilities

7,635
1,623
145
470
316

7,590
734
1,641
219
2,733

Total non-current liabilities

10,192

12,92034,42450,13010,951
3,092
53,147－1,346

10,951
3,103
54,535－1,287

Total liabilities
EquityShare capital
Capital surplus
Retained earnings
Treasury shares
Other components of equityTotal equity attributable to owners of parent
Non-controlling interests

2,026

754

67,871

68,057261

247

Total equity

68,13268,304

Liabilities and equity

102,557

118,435

(Millions of yen)

(2) Consolidated Statement of Income
Six months ended
September 30, 2018

Six months ended
September 30, 2019

Revenue
Cost of sales

48,29933,835

46,23432,332Gross profit

14,463

13,901

Selling, general and administrative expenses
Other income
Other expenses
Share of profit of investments accounted for using equity method

10,428158
193
417

10,882
115
598
317Operating profit

4,417

2,854

Finance income
Finance costs

42269227
399

Profit before tax

4,769

2,681

Income tax expense

1,129550

Profit

3,640

2,131

Profit attributable toOwners of parent
Non-controlling interests

3,621
18

2,122
8

3,640

2,131

79.07

46.25

ProfitEarnings per share
Basic earnings per share

(Millions of yen)(3)Consolidated Statement of Cash FlowsSix months ended
September 30, 2018
Cash flows from operating activities
Profit before tax
Depreciation and amortization
Interest and dividend income
Interest expenses
Share of loss (profit) of investments accounted
for using equity method
Loss (gain) on sale and retirement of fixed
assetsDecrease (increase) in inventories
Decrease (increase) in trade and otherreceivables
Increase (decrease) in trade and other payables
Increase (decrease) in retirement benefit liability
Increase in equity instruments due to retirement
benefit trust return
Increase (decrease) in provisions
Increase (decrease) in other non-current
liabilities
Other
SubtotalInterest and dividends received
Interest paid
Income taxes paid
Income taxes refund
Net cash provided by (used in) operating activitiesCash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment
Proceeds from sale of property, plant andequipment
Purchase of intangible assets
Purchase of equity instruments
Proceeds from sale of equity instruments
Payments for acquisition of subsidiaries
Other
Net cash provided by (used in) investing activities

Six months ended
September 30, 2019

4,769
2,243
－144

2,681
2,878
－210

60

82－417

－317

137

65

－61

228

－1,292

805

463
－104

－1,885－878－－1,355－－283272,375－266

141

5,414

4,328

283－59－1,087

340－85－1,184

9

2

4,559

3,401－243－340

326－2,370

235－2,72522

7－276－10－328－1130－30－9,291－42

29－2,563－12,394(Millions of yen)Six months ended
September 30, 2018
Cash flows from financing activities
Net increase (decrease) in short-termborrowings
Repayments of long-term borrowings
Repayments of lease obligations
Purchase of treasury shares
Proceeds from sale of treasury shares
Dividends paid to owners of parent
Dividends paid to non-controlling interests
Other
Net cash provided by (used in) financing activities

Six months ended
September 30, 201957

15,700－60－－0－5,325－611－047－687－17－1654－734
－15
－－677

9,066

117－244

Net increase (decrease) in cash and cashequivalents

1,436

－171

Cash and cash equivalents at beginning of period

18,476

17,530Cash and cash equivalents

19,913

17,358

Effect of exchange rate changes on cash andcash equivalents

(4)Consolidated(Millions of yen)

Statement of Comprehensive Income
Six months ended
September 30, 2018

ProfitOther comprehensive income
Items that will not be reclassified to profit or loss
Net change in fair value of equity instruments
designated as measured at fair value throughother comprehensive income
Share of other comprehensive income ofinvestments accounted for using equity method
Total
Items that may be reclassified to profit or loss
Exchange differences on translation of foreign
operations
Share of other comprehensive income ofinvestments accounted for using equity method
Total

Six months ended
September 30, 2019

3,640

2,131

6－163

－0

55－157

222－939

3－180

226

－1,120231－1,278Comprehensive income

3,871

852

Comprehensive income attributable toOwners of parent
Non-controlling interests

3,836
35850
1

3,871

852

Total other comprehensive income

Comprehensive income

(5)Consolidated Statement of Changes in Equity
Six months ended September 30, 2018
(Millions of yen)
Equity attributable to owners of parent

Balance at beginning of period

SharecapitalCapitalsurplusRetainedearnings

TreasurysharesOthercompo
nentsofequity

10,951

3,060

49,442－1,433

2,952

Profit3,621

Other comprehensive income
Comprehensive income－－

Purchase of treasury shares
Disposal of treasury shares
Share-based remunerationtransactions

Total

64,974235

65,209
3,640

3,621

18

214

16231

214

3,836

35

3,871

－687

－17－704－0－0－0

6

41

47

47

3

1215

15－10－－

Transfer from other components ofequity to retained earnings

Balance at end of period－

Noncontrollin
ginterests

214－687

Dividends of surplus

Total

3,621

Equityattributable toowners
ofparent

10－

10－67752－10－624－17－642

10,951

3,071

52,387－1,3803,156

68,185

252

68,438Six months ended September 30, 2019
(Millions of yen)
Equity attributable to owners of parent

Balance at beginning of period

Retainedearnings

Treasuryshares10,951

3,092

53,147－1,346

2,026

67,871

261

68,132－1,271

2,122－1,2718－6

2,131－1,278－1,271

850

1852

－734
－0－15－0－750
－0－2

56

54

54

123

16

16－

－

2,122
－

－

2,122－－734

Disposal of treasury shares
Share-based remunerationtransactions
Transfer from other components ofequity to retained earnings

Balance at end of period

Total

CapitalsurplusDividends of surplus
Purchase of treasury shares

Total

Noncontrollin
ginterests

SharecapitalProfitOther comprehensive income
Comprehensive income

Equityattributable toownersofparent

Other
compo
nents
of
equity－10－734

59－－664－15－680

10,951

3,103

54,535－1,287754

68,057247

68,304