CONSOLIDATED FINANCIAL STATEMENTS
These Consolidated Financial Statements were publicly released in the Japanese language on May 13, 2021.
(1) Consolidated statement of financial position(Millions of yen)
As of March 31, 2020

As of March 31, 2021

AssetsCurrent assets
Cash and cash equivalents

14,493

18,863

Trade and other receivables

20,103

20,467

Inventories

12,851

13,038

Income taxes receivable

1731

Other financial assets

634

435

Other current assets

722

823

Total current assets

48,82253,660Property, plant and equipment

33,91332,880Goodwill

8,594

8,601Intangible assets

4,798

4,413

6,039

7,038

Other financial assets

7,010

8,663

Deferred tax assets

524

521

Other non-current assets

594

502

Total non-current assets

61,47462,622110,297

116,282

Non-current assets

Investments accounted for using equity
methodTotal assets

(Millions of yen)
As of March 31, 2020

As of March 31, 2021

Liabilities and equity
Liabilities
Current liabilities
Trade and other payables

13,483

14,070Bonds and borrowings

6,774

8,012

Income taxes payable

348

549

Other financial liabilities

998

876Provisions

265

Other current liabilities

4,198

4,144

Total current liabilities

25,82927,65814,70011,987Retirement benefit liability

777

751

Other financial liabilities

1,611

1,310

Deferred tax liabilities

932

1,654

Other non-current liabilities

2,537

2,157

Total non-current liabilities

20,55817,86046,38745,519

Share capital

10,951

10,951

Capital surplus

3,075

3,075

Retained earnings

52,30155,857

Treasury shares－1,692－1,622Other components of equity

－988

2,230

Total equity attributable to owners of parent

63,64870,491261

271

Total equity

63,90970,763Liabilities and equity

110,297

116,282

Non-current liabilities
Bonds and borrowings

Total liabilities
EquityNon-controlling interests

(2) Consolidated Statement of Income(Millions of yen)
Fiscal year ended

Fiscal year ended

March 31, 2020

March 31, 2021

Revenue

90,247

81,371

Cost of sales

63,181

56,520Gross profit

27,06524,851

Selling, general and administrative expenses

21,813

19,912Other income

245

240

Other expenses

4,123

323

682

520

Operating profit

2,056

5,377

Finance income407385

Finance costs

368

144

Profit before tax

2,095

5,618

Income tax expense

1,394

1,660

700

3,958

Owners of parent

682

3,943

Non-controlling interests

1815

Profit

700

3,958

14.93

86.57

Share of profit of investments accounted for using
equity method

ProfitProfit attributable toEarnings per share
Basic earnings per share

(3)Consolidated Statement of Comprehensive Income(Millions of yen)

ProfitFiscal year ended

Fiscal year ended

March 31, 2020

March 31, 2021
700

3,958－845

1,750－27

73－49

64－921

1,888－1,617

1,354－535

595Total－2,153

1,949

Total other comprehensive income－3,075

3,838－2,374

7,796－2,3907,777

Non-controlling interests

1619

Comprehensive income－2,374

7,796

Other 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
Remeasurements of defined benefit plans
Share of other comprehensive income ofinvestments accounted for using equity
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
methodComprehensive income
Comprehensive income attributable toOwners of parent

(4) Consolidated Statement of Changes in Equity(Millions of yen)
Equity attributable to owners of parent
Total
equityNon-compo

attributcontrollin

nentsable togofowners

interests

equityofOther
Share

CapitalRetained

Treasury

capitalsurplusearnings

sharesTotalparentBalance at beginning of period

10,951

3,092

Profit

53,147－1,34667,871
682

18700－3,073－3,073－2－3,075－3,073－2,390

16－2,374－1,470－15－1,486682

Other comprehensive income
Total

2,026

－

－

Dividends of surplus

682－－1,470

Purchase of treasury shares

261

68,132－475

－475

－475

Disposal of treasury shares

－12

126

113

113

Share-based payment transactions

－3

3－0－0

58

－－

Transfer from other components of－58

equity to retained earnings
Total
Balance at end of period－－16－1,529－345

58－1,832－15－1,848

10,951

3,075

52,301－1,692－988

63,648261

63,909

3,943

15

3,958

Profit3,943

Other comprehensive income
Total－－

Dividends of surplus

3,943

Disposal of treasury shares－27

Share-based payment transactions

3,834

4

3,838

3,834

7,777

197,796－1,003－9－1,012－2－2－2

72

44

44

27

27

－615

－－27

Transfer from other components of615

equity to retained earnings

Balance at end of period

3,834－1,003Purchase of treasury shares

Total－－－0－387

69－615－934－9－943

10,951

3,075

55,857－1,622

2,230

70,491

271

70,763

(5)Consolidated Statement of Cash Flows(Millions of yen)
Fiscal year ended

Fiscal year ended

March 31, 2020

March 31, 2021

Cash flows from operating activities
Profit before tax

2,095

5,618

Depreciation and amortization

5,995

5,973

Impairment losses

3,274

105

Interest and dividend income

－376

－294

164

137

－682

－520

165

8147

221

1,743

92

Increase (decrease) in trade and other payables－2,417443

Increase (decrease) in retirement benefit liability

－816

－41

－1,355

－－288

－20

2,178

－383

515

－95

10,243

11,318

784

469

－167

－135

－2,015－1,541

2

61

8,847

10,172－796－668

Proceeds from withdrawal of time deposits

607

883

Purchase of property, plant and equipment－4,274－3,54072

59

Purchase of intangible assets

－617

－362

Purchase of equity instruments

－24

－19

Proceeds from sale of equity instruments

182

918

Payments for acquisition of subsidiaries－9,291－

18－38－14,122－2,766

Interest expenses
Share of loss (profit) of investments accounted
for using equity method
Loss (gain) on sale and retirement of fixedassets
Decrease (increase) in inventories
Decrease (increase) in trade and otherreceivables

Increase in equity instruments due to retirement
benefit trust return
Increase (decrease) in provisions
Increase / decrease in other non-current
liabilities
OtherSubtotal
Interest 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 deposits

Proceeds from sale of property, plant andequipment

Other
Net cash provided by (used in) investing activities

(Millions of yen)
Fiscal year ended

Fiscal year ended

March 31, 2020

March 31, 2021

Cash flows from financing activities
Net increase (decrease) in short-term

2,608－478

Proceeds from short-term borrowings－2,000

Repayments of short-term borrowings－－2,000

Proceeds from long-term borrowings

10,500

2,000

Repayments of long-term borrowings－7,270－3,035

Repayments of lease liabilities－1,265－1,150Purchase of treasury shares

－472

－0113

44

－1,470－1,003

Dividends paid to non-controlling interests

－15

－9

Net cash provided by (used in) financing activities

2,726－3,633－488

598－3,036

4,370

Cash and cash equivalents at beginning of period

17,53014,493

Cash and cash equivalents at end of period

14,493

18,863borrowings

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 cash
equivalents