CONSOLIDATED FINANCIAL STATEMENTS
These Consolidated Financial Statements were publicly released in the Japanese language on May 15, 2023.
(1) Consolidated statement of financial position(Millions of yen)
As of March 31, 2022

As of March 31, 2023

AssetsCurrent assets
Cash and cash equivalents

18,837

16,770Trade and other receivables
Inventories

22,486
16,232

21,942
18,720

50
734

649
1,188

Income taxes receivable
Other financial assets
Other current assets

859

1,198

Total current assets

59,20060,470Property, plant and equipment
Goodwill

32,954
4,581

32,521
4,582

Intangible assets
Investments accounted for using equity method

3,947
8,511

3,602
10,180

Other financial assets
Deferred tax assets

6,109
755

6,394
814

320

404

Non-current assets

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

57,18058,501

116,381

118,971

(Millions of yen)
As of March 31, 2022

As of March 31, 2023

Liabilities and equity
Liabilities
Current liabilities
Trade and other payables

16,05016,990Bonds and borrowings
Income taxes payable

3,593
1,720

7,982
753

Other financial liabilities
Provisions

9765963
2

Other current liabilities

6,174

5,476

Total current liabilities

28,52032,169Bonds and borrowings
Retirement benefit liability

10,237
651

3,587
705

Other financial liabilities
Deferred tax liabilities

1,675
1,085

1,500
1,628

Other non-current liabilities

1,781

1,367

Total non-current liabilities

Non-current liabilities

15,432

8,789

Total liabilities

43,952

40,958EquityShare capital

10,951

10,951

Capital surplus
Retained earnings

3,075
56,4803,112
60,380Treasury shares
Other components of equity-2,577
4,203-3,577
6,789

Total equity attributable to owners of parent

72,13377,656

Non-controlling interests

295

356

Total equity

72,42978,013Liabilities and equity

116,381

118,971(2) Consolidated Statement of Income(Millions of yen)
Fiscal year ended
March 31, 2022

Fiscal year ended
March 31, 2023

Revenue

93,744

103,608

Cost of sales

66,081

74,186Gross profit

27,662

29,421

Selling, general and administrative expenses

21,782

22,687

Other income
Other expenses

446
4,685

274
197

Share of profit of investments accounted for usingequity method

1,025

1,448

Operating profit

2,665

8,259

Finance income
Finance costs

878
130655
373

Profit before tax

3,414

8,542

Income tax expense

2,197

2,780

Profit

1,217

5,761

Profit attributable toOwners of parent

1,211

5,722

Non-controlling interests
ProfitEarnings per share
Basic earnings per share

539

1,217

5,761

26.92

129.96

(3)Consolidated Statement of Comprehensive Income(Millions of yen)
Fiscal year ended
March 31, 2022
ProfitFiscal year ended
March 31, 2023
1,217

5,761

designated as measured at fair value throughother comprehensive income

423

271

Remeasurements of defined benefit plans
Share of other comprehensive income of100

29-0

311

523

612

1,863

2,108

659

276

Total

2,523

2,384

Total other comprehensive income

3,046

2,997

4,263

8,758

Owners of parent
Non-controlling interests

4,231
31

8,694
64

Comprehensive income

4,263

8,758

Other comprehensive income
Items that will not be reclassified to profit or loss
Net change in fair value of equity instruments

investments accounted for using equity method
Total
Items that may be reclassified to profit or lossExchange differences on translation of foreign
operations
Share of other comprehensive income ofinvestments 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

SharecapitalCapitalsurplusRetainedearnings

Treasuryshares10,951

3,075

55,857-1,622

ProfitOther comprehensive income

1,211

Total－－Dividends of surplus
Purchase of treasury shares
Disposal of treasury shares
Share-based payment transactions
Transfer from other components of equity
to retained earnings
Total
Balance at end of period
ProfitOther comprehensive income

Total
Nonequitycontrolling
attributabl
interests
e toowners ofparent
2,230
70,491
271

Othercomponen
ts ofequity

1,211

－

70,763

1,211

5

1,217

3,020

3,020

26

3,046

3,020

4,231

31

4,263

-1,634-954－-7-1,642-954－-1,634
-954

1,047

Total

-1,047－－－－-587-954-1,047-2,589-7-2,597

10,951

3,075

56,480-2,577

4,203

72,133295

72,42910,951

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

-2,037-3-2,040

Total
5,722
Dividends of surplus
Purchase of treasury shares
Disposal of treasury shares
Share-based payment transactions
Transfer from other components of equity
to retained earnings

－－

5,722
-2,037-1,000

Total

37
386

Balance at end of period-1,000-1,00037

37-386－－－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)Consolidated Statement of Cash Flows(Millions of yen)
Fiscal year ended
March 31, 2022

Fiscal year ended
March 31, 2023

Cash flows from operating activities
Profit before tax
Depreciation and amortization

3,414
5,892

8,542
5,894

Impairment losses
Interest and dividend income

4,327

14-292
121-32785-156-291-1,025-1,448Interest 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

5776-2,523

Decrease (increase) in trade and other receivables
Increase (decrease) in trade and other payables-1,405872-2,097846
1,071

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

-91
0

-3

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

2,026
-379

4-751
-414

190

-20

SubtotalInterest and dividends received

11,030623

11,180700Interest paid
Income taxes paid

-124
-1,947-81-4,099

Other

Income taxes refund

912

9,591

7,712-685
445-1,612
1,182-3,467-3,524

Proceeds from sale of property, plant andequipment

85

11

Purchase of intangible assets
Proceeds from sale of equity instruments-132
3,156-199
133

65

28-534-3,981

Net cash provided by (used in) operating activities
Cash flows from investing activities
Payments into time deposits
Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment

Other
Net cash provided by (used in) investing activities

(Millions of yen)
Fiscal year ended
March 31, 2022
Cash flows from financing activitiesNet increase (decrease) in short-term borrowings

Fiscal year ended
March 31, 2023

-1,500-544

Repayments of long-term borrowings
Repayments of lease liabilities-1,712-1,085-1,750-1,093

Redemption of bonds
Purchase of treasury shares-3,000-1,000－-1,000

Dividends paid to owners of parent
Dividends paid to non-controlling interests-1,634-7-2,037-3

Net cash provided by (used in) financing activities-9,942-6,429Effect of exchange rate changes on cash and cash
equivalents

858631

Net increase (decrease) in cash and cash
equivalents-26-2,066

Cash and cash equivalents at beginning of period

18,863

18,837

Cash and cash equivalents at end of period

18,837

16,770