CONSOLIDATED FINANCIAL STATEMENTS
These Consolidated Financial Statements were publicly released in the Japanese language on May 12, 2020.
(1) Consolidated statement of financial position(Millions of yen)
As of March 31, 2019

As of March 31, 2020

AssetsCurrent assets
Cash and cash equivalents
Trade and other receivables

17,53021,707

14,493
20,103Inventories
Income taxes receivable

12,9491212,851
17

Other financial assets
Other current assets

471
894

634
722

Total current assets

53,564

48,822

32,59733,913

Goodwill
Intangible assets

72
1,761

8,594
4,798Investments accounted for using equity
method

6,357

6,039

Other financial assets
Deferred tax assets

6,997
457

7,010
524

748

594

Non-current assets
Property, plant and equipment

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

48,992

61,474

102,557

110,297(Millions of yen)
As of March 31, 2019

As of March 31, 2020

Liabilities and equity
Liabilities
Current liabilities
Trade and other payables

16,65013,483

Bonds and borrowings
Income taxes payable

2,768
552

6,774
348

Other financial liabilities
Provisions

38315

99826

Other current liabilities

3,908

4,198

Total current liabilities

24,23225,829Bonds and borrowings
Retirement benefit liability

7,635
1,623

14,700777

Other financial liabilities
Deferred tax liabilities

145
470

1,611
932

Non-current liabilities

Other non-current liabilities

316

2,537

Total non-current liabilities

10,192

20,55834,424

46,387

Share capital
Capital surplus

10,951
3,092

10,951
3,075

Retained earnings
Treasury shares

53,147-1,34652,301-1,692Other components of equity

2,026

-988

Total equity attributable to owners of parent

67,87163,648261

261

Total equity

68,132

63,909Liabilities and equity

102,557

110,297

Total liabilities
EquityNon-controlling interests

(2) Consolidated Statement of Income(Millions of yen)
Fiscal year ended
March 31, 2019

Fiscal year ended
March 31, 2020

Revenue
Cost of sales

94,31866,75590,247
63,181Gross profit

27,562

27,065

Selling, general and administrative expenses
Other income

21,059327

21,813
245

920

4,123

905

682

Operating profit

6,815

2,056

Finance income

487

407

Finance costs

135368Profit before tax

7,166

2,095

Income tax expense

1,676

1,394

Profit5,490

700

Owners of parent
Non-controlling interests

5,457
33682
18

Profit5,490

700

119.0914.93

Other expenses
Share of profit of investments accounted for using
equity method

Profit attributable toEarnings per share
Basic earnings per share

(3)Consolidated Statement of Comprehensive Income(Millions of yen)
Fiscal year ended
March 31, 2019
ProfitFiscal year ended
March 31, 2020
5,490

700

Net change in fair value of equity instruments
designated as measured at fair value through-828-845other comprehensive income
Remeasurements of defined benefit plans

-373

-27

Share of other comprehensive income ofinvestments accounted for using equity

31-49-1,170-921-96-1,61720-535-76-2,153

Other comprehensive income
Items that will not be reclassified to profit or loss

methodTotal
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
methodTotal-1,246-3,075Comprehensive income

4,244-2,374Comprehensive income attributable toOwners of parent

4,200-2,390Total other comprehensive income

Non-controlling interests
Comprehensive income

4316

4,244-2,374

(4) Consolidated Statement of Changes in Equity(Millions of yen)
Equity attributable to owners of parent

Balance at beginning of period

Balance at end of period

Retainedearnings

Treasuryshares10,951

3,060

49,442-1,433

2,952

64,974235

65,209-1,256

5,457-1,256

33
10

5,490
-1,246-1,256

4,200

43

4,244

-1,421-2-17-2-1,439
-284

98

98

-7-7-7

1230

30

330

－－

5,457
－－1418

Balance at end of period

－-330
－

32

-1,75186

330-1,302-17-1,32010,951

3,092

53,147-1,346

2,026

67,871

261

68,132-3,073682-3,07318-2700-3,075-3,073-2,39016-2,374-1,470
-475

-15

-475

-1,486
-475

126

113

113

－

－-0-0

58

－

－

682
－

－

682

－

-1,470

Dividends of surplus
Purchase of treasury shares
Disposal of treasury shares
Change in treasury shares arising fromchange in equity in entities accounted
for using equity method
Share-based payment transactions
Transfer from other components ofequity to retained earnings
Total

5,457-1,421

ProfitOther comprehensive income
Total

Total

CapitalsurplusDividends of surplus
Purchase of treasury shares
Disposal of treasury shares
Change in treasury shares arising fromchange in equity in entities accounted
for using equity method
Share-based payment transactions
Transfer from other components ofequity to retained earnings
Total

Noncontrollin
ginterests

SharecapitalProfitOther comprehensive income
Total

Equityattributable toownersofparent

Othercomponentsofequity-12-3

3-58－-16-1,529

-345

58

-1,832-15-1,848

10,951

3,075

52,301-1,692-988

63,648261

63,909

(5)Consolidated Statement of Cash Flows(Millions of yen)
Fiscal year ended
March 31, 2019
Cash flows from operating activities
Profit before tax

Fiscal year ended
March 31, 2020

7,166

2,095

4,489
166
-301

5,995
3,274-376

117

164

Share of loss (profit) of investments accounted
for using equity method

-905

-682

Loss (gain) on sale and retirement of fixed
assets

281

165

-851

47

-288

1,743

-1,544-2,417224-816－-1,355

315-288

41

2,178

-911

515

7,998

10,243

701-116-1,986784-167-2,01552

Net cash provided by (used in) operating activities

6,602

8,847

Cash flows from investing activities
Payments into time deposits

-441

-796

Proceeds from withdrawal of time deposits
Purchase of property, plant and equipment

432-3,986607-4,274

Proceeds from sale of property, plant andequipment

2972

-568
-21-617-24

Proceeds from sale of equity instruments
Payments for acquisition of subsidiaries

31－182-9,291Other-51

18-4,575-14,122

Depreciation and amortization
Impairment losses
Interest and dividend income
Interest expenses

Decrease (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
Changes in the amount of allowance
Increase / decrease in other non-current
liabilities
OtherSubtotal
Interest and dividends received
Interest paid
Income taxes paid
Income taxes refund

Purchase of intangible assets
Purchase of equity instruments

Net cash provided by (used in) investing activities

(Millions of yen)
Fiscal year ended
March 31, 2019

Fiscal year ended
March 31, 2020

Cash flows from financing activities
Net increase (decrease) in short-termborrowings－2,608Proceeds from long-term borrowings
Repayments of long-term borrowings－-1,772

10,500-7,270－-1-1,265-472

98-1,421113-1,470

Dividends paid to non-controlling interests
Other-17-19-15－Net cash provided by (used in) financing activities-3,133

2,726

159

-488

-946

-3,036

Cash and cash equivalents at beginning of period

18,476

17,530Cash and cash equivalents at end of period

17,53014,493

Repayments of lease liabilities
Purchase of treasury shares
Proceeds from sale of treasury shares
Dividends paid to owners of parent

Effect of exchange rate changes on cash andcash equivalents
Net increase (decrease) in cash and cashequivalents