CONSOLIDATED FINANCIAL STATEMENTS
These Consolidated Financial Statements were publicly released in the Japanese language on May 12, 2022.
(1) Consolidated statement of financial position(Millions of yen)
As of March 31, 2021

As of March 31, 2022

AssetsCurrent assets
Cash and cash equivalents

18,863

18,837

Trade and other receivables
Inventories

20,467
13,03822,486
16,232

Income taxes receivable
Other financial assets

31435

50
734

Other current assets

823

859

Total current assets

53,66059,200Property, plant and equipment
Goodwill

32,8808,601

32,954
4,581Intangible assets
Investments accounted for using equity method

4,413
7,038

3,947
8,511

Other financial assets
Deferred tax assets

8,663
521

6,109
755

502

320

Non-current assets

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

62,622

57,180116,282

116,381(Millions of yen)
As of March 31, 2021

As of March 31, 2022

Liabilities and equity
Liabilities
Current liabilities
Trade and other payables

14,07016,050Bonds and borrowings
Income taxes payable

8,012
549

3,593
1,720

Other financial liabilities
Provisions

8765976
5

Other current liabilities

4,144

6,174

Total current liabilities

27,65828,520Bonds and borrowings
Retirement benefit liability

11,987751

10,237651

Other financial liabilities
Deferred tax liabilities

1,310
1,654

1,675
1,085

Other non-current liabilities

2,157

1,781

Total non-current liabilities

Non-current liabilities

17,86015,432

Total liabilities

45,51943,952EquityShare capital

10,951

10,951

Capital surplus
Retained earnings

3,075
55,8573,075
56,480Treasury shares
Other components of equity△1,622
2,230△2,577
4,203

Total equity attributable to owners of parent

70,491

72,133

Non-controlling interests

271

295

Total equity

70,76372,429Liabilities and equity

116,282

116,381(2) Consolidated Statement of Income(Millions of yen)
Fiscal year ended
March 31, 2021

Fiscal year ended
March 31, 2022

Revenue

81,371

93,744

Cost of sales

56,52066,081Gross profit

24,851

27,662

Selling, general and administrative expenses

19,912

21,782Other income
Other expenses

240
323

446
4,685

Share of profit of investments accounted for usingequity method

520

1,025

Operating profit

5,377

2,665

Finance income
Finance costs

385
144

878
130

Profit before tax

5,618

3,414

Income tax expense

1,660

2,197

Profit

3,958

1,217

Profit attributable toOwners of parent

3,943

1,211

Non-controlling interests
ProfitEarnings per share
Basic earnings per share

15

5

3,958

1,217

86.57

26.92

(3)Consolidated Statement of Comprehensive Income(Millions of yen)
Fiscal year ended
March 31, 2021
ProfitFiscal year ended
March 31, 2022
3,958

1,217

1,750

423

73100

64－0

1,888

523

1,354

1,863595659

1,949

2,523

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 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
Total other comprehensive income

3,838

3,0467,796

4,263

Owners of parent
Non-controlling interests

7,777
194,231
31

Comprehensive income

7,796

4,263

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

52,301－1,692

ProfitOther comprehensive income
Total

3,943
－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－

Balance at end of period－

615

63,909

3,834

15
4

3,958
3,838

3,834

7,777

19

7,796

－1,003－2
44
27－9－1,012
－2
44
27

－2
72－27
27

－615

－

－－

－0－38769－615－934－9－943

10,951

3,075

55,857－1,622

2,230

70,491

271

70,763

3,020

1,211
3,020

5
26

1,217
3,046

3,020

4,231

31

4,263

－1,634－954－－－7－1,642
－954
－
－

1,211
－

－

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

3,943

Total

3,943
3,834

－1,003

ProfitOther comprehensive income
Total

Total
Nonequitycontrolling
attributabl
interests
e toowners ofparent
63,648261－988

Othercomponen
ts ofequity

1,211

－

－1,634－954

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

10,951

3,075

56,480－2,577

4,203

72,133295

72,429

(5)Consolidated Statement of Cash Flows(Millions of yen)
Fiscal year endedMarch 31, 2021

Fiscal year ended
March 31, 2022

Cash flows from operating activities
Profit before tax
Depreciation and amortization

5,618
5,973

3,414
5,892

Impairment losses
Interest and dividend income

105

4,327－294
137－292
121－520－1,025Interest expenses
Share of loss (profit) of investments accounted forusing equity method
Loss (gain) on sale and retirement of fixed assets

8157

Decrease (increase) in inventories
Decrease (increase) in trade and other receivables

22192

Increase (decrease) in trade and other payables
Increase (decrease) in retirement benefit liability

443－2,523－1,405872－41

Increase (decrease) in provisions
Increase / decrease in other current liabilities

－20
－3

－91
02,026

Increase / decrease in other non-current liabilities
Other－383
－92

－379
33

Subtotal

11,318

11,030469

623Interest and dividends received
Interest paid

－135

－124

－1,54161－1,947
9

10,172

9,591

Payments into time deposits
Proceeds from withdrawal of time deposits

－668
883

－685
445

Purchase of property, plant and equipment
Proceeds from sale of property, plant and－3,540－3,467

Income taxes paid
Income taxes refund
Net cash provided by (used in) operating activities
Cash flows from investing activities

equipment
Purchase of intangible assets

5985

－362

－132

Purchase of equity instruments
Proceeds from sale of equity instruments

－19
918

－12
3,156

－－28

Purchase of investments accounted for using
equity method
Other
Net cash provided by (used in) investing activities

－38

105

－2,766－534

(Millions of yen)
Fiscal year ended
March 31, 2021
Cash flows from financing activities
Net increase (decrease) in short-term borrowingsProceeds from short-term borrowings
Repayments of short-term borrowings
Proceeds from long-term borrowings
Repayments of long-term borrowings

Fiscal year ended
March 31, 2022

－478
2,000
－2,0002,000－1,500－－－3,035－－1,712－1,150－－1,085－3,000－044－1,000－

Dividends paid to owners of parent
Dividends paid to non-controlling interests－1,003－9－1,634－7

Net cash provided by (used in) financing activities－3,633－9,942598

858

Net increase (decrease) in cash and cash
equivalents

4,370

－26

Cash and cash equivalents at beginning of period

14,493

18,863

Cash and cash equivalents at end of period

18,863

18,837

Repayments of lease liabilities
Redemption of bonds
Purchase of treasury shares
Proceeds from sale of treasury shares

Effect of exchange rate changes on cash and cash
equivalents