CONSOLIDATED FINANCIAL STATEMENTS
These Consolidated Financial Statements were publicly released in the Japanese language on May 15, 2024.
(1) Consolidated statement of financial position(Millions of yen)
As of March 31, 2023

As of March 31, 2024

AssetsCurrent assets
Cash and cash equivalents

16,77017,935Trade and other receivables
Inventories

21,942
18,72023,32919,218

Income taxes receivable
Other financial assets

649
1,188

104
1,807

Other current assets

1,198

1,161

Total current assets

60,47063,556

Property, plant and equipment
Goodwill

32,521
4,582

32,5454,589

Intangible assets
Investments accounted for using equity method

3,602
10,1803,188
11,493

Other financial assets
Deferred tax assets

6,394
814

9,221
727

404

300

Non-current assets

Other non-current assets
Total non-current assets
Total assets

58,50162,065

118,971

125,622

(Millions of yen)
As of March 31, 2023

As of March 31, 2024

Liabilities and equity
Liabilities
Current liabilities
Trade and other payables

16,99018,778

Bonds and borrowings
Income taxes payable

7,982
753

5,350
1,035

Other financial liabilities
Provisions9632

1,1300

Other current liabilities

5,476

6,163

Total current liabilities

32,16932,458

Bonds and borrowings
Retirement benefit liability

3,587
705

2,237
753

Other financial liabilities
Deferred tax liabilities

1,500
1,628

1,752
1,859

Other non-current liabilities

1,367

1,048

Non-current liabilities

8,789

7,652

Total liabilities

Total non-current liabilities

40,95840,111EquityShare capital

10,951

10,951

Capital surplus
Retained earnings

3,112
60,3802,936
61,039Treasury shares
Other components of equity-3,577
6,789-1,692
11,927

Total equity attributable to owners of parent

77,65685,163

Non-controlling interests

356

347

Total equity

78,01385,511

Liabilities and equity

118,971

125,622

(2) Consolidated Statement of Income(Millions of yen)
Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2024

Revenue

103,608108,278

Cost of sales

74,186

77,246Gross profit

29,421

31,032

Selling, general and administrative expenses

22,68723,447

274
197

340
1,620

Share of profit of investments accounted for using
equity method

1,4481,468

Operating profit

8,259

7,772

Finance income
Finance costs

655
373

1,266
363

Profit before tax

8,542

8,676

Income tax expense

2,780

2,458

Profit

5,761

6,217

Profit attributable toOwners of parent

5,722

6,180

39

37

5,761

6,217

129.96142.55

Other income
Other expenses

Non-controlling interests
ProfitEarnings per share
Basic earnings per share

(3)Consolidated Statement of Comprehensive Income(Millions of yen)
Fiscal year ended
March 31, 2023
ProfitFiscal year ended
March 31, 2024

5,761

6,217

271

1,900

29-79311

33

612

1,855

2,108

2,624

276

612

Total

2,384

3,237

Total other comprehensive income

2,997

5,092

8,758

11,309Owners of parent
Non-controlling interests

8,694
64

11,22782

Comprehensive income

8,758

11,309Other comprehensive income
Items that will not be reclassified to profit or loss
Net change in fair value of equity instruments designated asmeasured at fair value through other comprehensive income
Remeasurements of defined benefit plans
Share of other comprehensive income of investments
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 of investments
accounted for using equity method

Comprehensive income
Comprehensive income attributable to(4) Consolidated Statement of Changes in Equity(Millions of yen)

Equity attributable to owners of parent

Balance at beginning of period

10,951

3,075

56,480-2,577

Total
Nonequity
attributa controllinginterests
ble toownersofparent
4,203
72,133295

Effect of hyperinflation
Restated equity

10,951

3,075-170
56,310-2,5774,203-170
71,963295-170
72,258－2,972
2,972

5,722
2,972
8,694

39
25
64

5,761
2,997
8,758

-2,037-1,00037-3-2,040-1,00037

SharecapitalProfitOther comprehensive income
TotalDividends of surplus
Purchase of treasury shares
Share-based payment transactions
Transfer from other components ofequity to retained earnings
Total
Balance at end of period
ProfitOther comprehensive income
TotalDividends of surplus
Purchase of treasury shares
Disposal of treasury shares
Cancellation of treasury shares
Share-based payment transactions
Transfer from other components ofequity to retained earnings
Change in scope of consolidation
Total
Balance at end of period

Other
Capital Retained Treasury compon
surplus earnings shares ents ofequity

5,722
－

－

5,722
-2,037-1,000
37
386

-386

－

Total

72,429－－37-1,651-1,000-386-3,001-3-3,004

10,951

3,112

60,380-3,577

6,789

77,656356

78,013

－

5,047
5,047

6,180
5,047
11,227

37
45
82

6,217
5,092
11,309-2,784-1,0017－
58-91-2,875-1,001
7－
58

6,180
－

－

6,180
-2,7841-235
58-2,646-1,0016
2,881-91

91－－－-175-5,521

-0
1,885

91

-0-3,720-91-0-3,811

10,951

2,936

61,039-1,692

11,927

85,163347

85,511

(5)Consolidated Statement of Cash Flows(Millions of yen)
Fiscal year ended
March 31, 2023

Fiscal year ended
March 31, 2024

Cash flows from operating activities
Profit before tax
Depreciation and amortization

8,542
5,894

8,676
5,859

Impairment losses
Interest and dividend income

14

1,427

-327
85-425
90

-291

-769

-1,448-1,468766503

Interest expenses
Foreign exchange loss (gain)
Share of loss (profit) of investments accounted forusing equity method
Loss (gain) on sale and retirement of fixed assets
Decrease (increase) in inventories
Decrease (increase) in trade and other receivables
Increase (decrease) in trade and other payables-2,097
846
1,071

-573
1,195

Increase (decrease) in retirement benefit liability
Increase (decrease) in provisions

483

-3

Increase / decrease in other current liabilities
Increase / decrease in other non-current liabilities

-751
-414

-1
449

Other-20-343
456

11,18015,166

700

1,060

-81
-4,09912-90-2,675
599

7,712

14,060-1,612
1,182-1,992
1,503-3,524-4,120

Proceeds from sale of property, plant andequipment

1175

Purchase of intangible assets
Proceeds from sale of equity instruments

-199
133

-254
－

Income from acquisition of employees resulting inchange in scope of consolidation

－41

Other

28

9-3,981-4,736

SubtotalInterest and dividends received
Interest paid
Income taxes paid
Income taxes refund
Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time depositsProceeds from withdrawal of time deposits
Purchase of property, plant and equipment

Net cash provided by (used in) investing activities

(Millions of yen)
Fiscal year ended
March 31, 2023
Cash flows from financing activities
Net increase (decrease) in short-term borrowings

Fiscal year ended
March 31, 2024

-544

2,664

Repayments of long-term borrowings
Repayments of lease liabilities-1,750-1,093-3,650-1,099

Redemption of bonds
Purchase of treasury shares－-1,000

Proceeds from sale of treasury shares
Dividends paid to owners of parent－-2,037-3,000-1,001
1-2,784-3-91

Net cash provided by (used in) financing activities-6,429-8,960Effect of exchange rate changes on cash and cash
equivalents

631

801

Net increase (decrease) in cash and cash
equivalents-2,066

1,164

Cash and cash equivalents at beginning of period

18,837

16,770Cash and cash equivalents at end of period

16,77017,935

Dividends paid to non-controlling interests