Financial Data
Financial highlights
* The company changed the settlement period from December 31, 2017. The consolidation period is as follows Japan : April - December Overseas : January - December
| Consolidated | 50th | 51st | 52nd | 53rd | 54th | |
|---|---|---|---|---|---|---|
| 2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | ||
| Sales (Million yen) |
1st Half | 5,499 | 4,976 | 5,701 | 7,024 | 8,127 |
| Full year | 11,328 | 10,865 | 11,956 | 15,038 | 16,329 | |
| Operating income (Million yen) |
1st Half | 1,039 | 610 | 1,133 | 1,949 | 2,084 |
| Full year | 2,222 | 1,637 | 2,370 | 3,939 | 4,004 | |
| Ordinary income (Million yen) |
1st Half | 1,042 | 638 | 1,126 | 2,023 | 2,374 |
| Full year | 2,236 | 1,722 | 2,388 | 4,104 | 4,246 | |
| Net income (Million yen) |
1st Half | 889 | 457 | 794 | 1,466 | 1,661 |
| Full year | 1,778 | 1,236 | 1,595 | 2,949 | 3,064 | |
| Net assets per share | Yen | 92.85 | 65.16 | 84.09 | 155.16 | 161.22 |
| Net assets | Million yen | 15,166 | 16,091 | 17,470 | 20,929 | 23,325 |
| Net assets per share | Yen | 799.46 | 847.94 | 920.60 | 1,101.30 | 1,226.98 |
| Non-consolidated | 50th | 51st | 52nd | 53rd | 54th | |
|---|---|---|---|---|---|---|
| 2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | ||
| Sales (Million yen) |
1st Half | 3,793 | 3,178 | 4,098 | 4,767 | 5,202 |
| Full year | 7,960 | 7,256 | 8,397 | 10,556 | 10,551 | |
| Operating income (Million yen) |
1st Half | 747 | 253 | 802 | 1,324 | 1,388 |
| Full year | 1,491 | 1,061 | 1,660 | 3,087 | 2,693 | |
| Ordinary income (Million yen) |
1st Half | 952 | 458 | 1,099 | 1,807 | 2,120 |
| Full year | 1,698 | 1,330 | 1,981 | 3,653 | 3,362 | |
| Net income (Million yen) |
1st Half | 792 | 366 | 848 | 1,449 | 1,625 |
| Full year | 1,377 | 1,032 | 1,163 | 2,798 | 2,578 | |
| Net assets per share | Yen | 71.90 | 54.42 | 61.30 | 147.31 | 135.66 |
| Net assets | Million yen | 11,192 | 11,859 | 12,712 | 15,218 | 16,773 |
| Net assets per share | Yen | 589.96 | 624.93 | 669.84 | 800.83 | 882.28 |
Consolidated investment value index
* The company changed the settlement period from December 31, 2017. The consolidation period is as follows Japan : April - December Overseas : January - December
| Major figures | 50th | 51st | 52nd | 53rd | 54th | |
|---|---|---|---|---|---|---|
| 2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | ||
| Sales | Million yen | 11,328 | 10,865 | 11,956 | 15,038 | 16,329 |
| Sales cost | Million yen | 4,086 | 4,247 | 4,560 | 5,715 | 6,525 |
| Gross profit | Million yen | 7,242 | 6,618 | 7,395 | 9,323 | 9,803 |
| Selling, general and administrative expenses | Million yen | 5,019 | 4,981 | 5,025 | 5,383 | 5,799 |
| Operating income (loss) | Million yen | 2,222 | 1,637 | 2,370 | 3,939 | 4,004 |
| Ordinary income (loss) | Million yen | 2,236 | 1,722 | 2,388 | 4,104 | 4,246 |
| Net income (loss) | Million yen | 1,778 | 1,236 | 1,595 | 2,949 | 3,064 |
| Earnings before interest, taxes, depreciation and amortization (EBITDA)※1 | Million yen | 2,927 | 2,410 | 3,098 | 4,839 | 4,989 |
| Capital | Million yen | 594 | 594 | 594 | 594 | 594 |
| Total number of issued shares | Thousand shares | 20,071 | 20,071 | 20,071 | 20,071 | 20,071 |
| Net assets | Million yen | 15,166 | 16,091 | 17,470 | 20,929 | 23,325 |
| Total assets※2 | Million yen | 18,601 | 19,991 | 21,510 | 25,305 | 27,499 |
| Interest-bearing debt (including discounted notes) | Million yen | 750 | 650 | 400 | 0 | 0 |
| Number of employees (consolidated) | Persons | 378 | 397 | 397 | 413 | 438 |
*1 EBITDA = Earnings before interest, taxes, depreciation and amortization.
*2 “Partial Amendment to“ Accounting Standard for Tax Effect Accounting ”” (ASBJ Statement No. 28, February 16, 2018. Division amendment. “) Is applied from the beginning of the current consolidated fiscal year. This accounting standard has been applied retroactively from the fiscal year ended March 2016 to the fiscal year ended December 2018.
- Major figures
- Cash Flow
- Profitability
- Stability
- Growth Potential
- Productivity
- Per Share Data
- Employee Data
- Sales by Item
| Cash Flow | 50th | 51st | 52nd | 53rd | 54th | |
|---|---|---|---|---|---|---|
| 2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | ||
| CF from operating activities | Million yen | 1,928 | 2,162 | 2,429 | 3,013 | 3,810 |
| CF from investment activities | Million yen | -706 | -1,190 | -1,149 | -1,117 | -939 |
| CF from financial activities | Million yen | -1,228 | -632 | -771 | -916 | -800 |
| Cash and cash equivalents at the end of year | Million yen | 3,599 | 3,952 | 4,471 | 5,620 | 7,776 |
- Major figures
- Cash Flow
- Profitability
- Stability
- Growth Potential
- Productivity
- Per Share Data
- Employee Data
- Sales by Item
| Profitability | 50th | 51st | 52nd | 53rd | 54th | |
|---|---|---|---|---|---|---|
| 2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | ||
| Gross income to sales ratio | % | 63.9 | 60.9 | 61.9 | 62.0 | 60.0 |
| Operating income to sales ratio | % | 19.6 | 15.1 | 19.8 | 26.2 | 24.5 |
| Ordinary income to sales ratio | % | 19.7 | 15.9 | 20.0 | 27.3 | 26.0 |
| Net income to sales ratio | % | 15.7 | 11.4 | 13.3 | 19.6 | 18.8 |
| Business income to total assets ratio*4 | % | 12.0 | 8.6 | 11.6 | 17.0 | 15.3 |
| Ordinary income to total assets ratio (ROA)*3*4 | % | 11.9 | 8.9 | 11.5 | 17.5 | 16.1 |
| Net income to equity ratio (ROE) | % | 12.0 | 7.9 | 9.5 | 15.4 | 13.8 |
| Return On Invested Capital (ROIC)*4*5 | % | 10.5 | 6.9 | 9.3 | 13.4 | 12.2 |
*3 Ordinary income to total assets ratio = Business income (operating income + interest received + discounts, dividends) ÷ Average total assets at the beginning and the end of the year
*4 “Partial Amendment to“ Accounting Standard for Tax Effect Accounting ”” (ASBJ Statement No. 28, February 16, 2018. Division amendment. “) Is applied from the beginning of the current consolidated fiscal year. This accounting standard has been applied retroactively from the fiscal year ended March 2016 to the fiscal year ended December 2018.
*5 Return On Invested Capital = (Operating income - Tax) / (Net assets at the end of the period + Interest-bearing debt)
- Major figures
- Cash Flow
- Profitability
- Stability
- Growth Potential
- Productivity
- Per Share Data
- Employee Data
- Sales by Item
| Stability | 50th | 51st | 52nd | 53rd | 54th | |
|---|---|---|---|---|---|---|
| 2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | ||
| Own capital ratio※6 | % | 81.5 | 80.5 | 81.2 | 82.7 | 84.8 |
| Current ratio※6 | % | 310.4 | 268.8 | 299.7 | 365.0 | 448.8 |
| Fixed ratio※6 | % | 62.3 | 65.6 | 62.6 | 54.8 | 49.4 |
| Debt ratio※6 | % | 22.6 | 24.2 | 23.1 | 20.9 | 17.9 |
| Debt-equity ratio※7 | % | 4.9 | 4.0 | 2.3 | 0.0 | 0.0 |
*6 “Partial Amendment to“ Accounting Standard for Tax Effect Accounting ”” (ASBJ Statement No. 28, February 16, 2018. Division amendment. “) Is applied from the beginning of the current consolidated fiscal year. This accounting standard has been applied retroactively from the fiscal year ended March 2016 to the fiscal year ended December 2018.
*7 Debt-equity ratio = Interest-bearing debt ÷ Own capital × 100
- Major figures
- Cash Flow
- Profitability
- Stability
- Growth Potential
- Productivity
- Per Share Data
- Employee Data
- Sales by Item
| Growth Potential | 50th※8 | 51st | 52nd | 53rd | 54th | |
|---|---|---|---|---|---|---|
| 2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | ||
| Sales increase rate | % | - | -4.1 | 10.0 | 25.8 | 8.6 |
| Ordinary income increase rate | % | - | -23.0 | 38.7 | 71.8 | 3.5 |
| Net income increase rate | % | - | -30.5 | 29.1 | 84.8 | 3.9 |
*8 The 49th and 50th term is transitional period of the change of the fiscal year, rate is omitted.
- Major figures
- Cash Flow
- Profitability
- Stability
- Growth Potential
- Productivity
- Per Share Data
- Employee Data
- Sales by Item
| Productivity | 50th | 51st | 52nd | 53rd | 54th | |
|---|---|---|---|---|---|---|
| 2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | ||
| Sales per employee | Thousand yen | 29,970 | 27,370 | 30,117 | 36,412 | 37,281 |
| Gross margin per employee | Thousand yen | 19,159 | 16,671 | 18,629 | 22,574 | 22,383 |
| Operating income per employee | Thousand yen | 5,880 | 4,123 | 5,970 | 9,539 | 9,142 |
| Ordinary income per employee | Thousand yen | 5,917 | 4,338 | 6,016 | 9,938 | 9,695 |
- Major figures
- Cash Flow
- Profitability
- Stability
- Growth Potential
- Productivity
- Per Share Data
- Employee Data
- Sales by Item
| Per Share Data | 50th | 51st | 52nd | 53rd | 54th | |
|---|---|---|---|---|---|---|
| 2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | ||
| Net income per share(loss) | Yen | 92.85 | 65.16 | 84.09 | 155.28 | 161.22 |
| Net assets per share | Yen | 799.46 | 847.94 | 920.60 | 1,101.30 | 1,226.98 |
| Annual dividend | Yen | 26.00 | 26.00 | 26.00 | 35.00 | 45.00 |
- Major figures
- Cash Flow
- Profitability
- Stability
- Growth Potential
- Productivity
- Per Share Data
- Employee Data
- Sales by Item
| Employee Data | 50th | 51st | 52nd | 53rd | 54th | |
|---|---|---|---|---|---|---|
| 2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | ||
| Number of employees (consolidated) | Persons | 378 | 397 | 397 | 413 | 438 |
| Number of employees (non-consolidated) | Persons | 225 | 231 | 228 | 237 | 253 |
| Average age (non-consolidated) | Years old | 41.6 | 42.1 | 42.2 | 42.4 | 42.6 |
| Average service years (non-consolidated) | Years | 12.0 | 12.6 | 12.7 | 12.8 | 12.7 |
- Major figures
- Cash Flow
- Profitability
- Stability
- Growth Potential
- Productivity
- Per Share Data
- Employee Data
- Sales by Item
| Sales by Item | 50th | 51st | 52nd | 53rd | 54th | |
|---|---|---|---|---|---|---|
| 2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | ||
| Chemicals for electronic substrates and parts | Million yen | 11,131 | 10,657 | 11,598 | 14,756 | 16,042 |
| Machines for electronic substrates | Million yen | 53 | 83 | 282 | 167 | 170 |
| Materials for electronic substrates | Million yen | 118 | 105 | 68 | 91 | 108 |
| Other | Million yen | 25 | 18 | 7 | 22 | 8 |
