We use cookies to run and improve our website.
By using our website, you agree to the use of cookies.Policy

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

← scroll →

Consolidated 46th 47th 48th 49th 50th 51st
2015/3 2016/3 2017/3 2017/12 2018/12 2019/12
Sales
(Million yen)
1st Half 4,500 4,454 4,520 5,239 5,499 4,976
Full year 9,057 9,078 9,259 9,641 11,328 10,865
Operating income
(Million yen)
1st Half 1,054 989 1,021 1,315 1,039 610
Full year 2,008 2,185 1,887 1,993 2,222 1,637
Ordinary income
(Million yen)
1st Half 1,092 1,007 964 1,343 1,042 638
Full year 2,129 2,207 1,888 2,063 2,236 1,722
Net income
(Million yen)
1st Half 711 703 813 1,028 889 457
Full year 1,344 1,514 1,642 1,567 1,778 1,236
Net assets per share Yen 66.98 76.26 84.86 81.77 92.85 65.16
Net assets Million yen 12,039 12,250 13,110 14,587 15,166 16,091
Net assets per share Yen 599.85 632.41 683.86 760.92 799.46 847.94

← scroll →

Non-consolidated 46th 47th 48th 49th 50th 51st
2015/3 2016/3 2017/3 2017/12 2018/12 2019/12
Sales
(Million yen)
1st Half 3,181 3,059 3,092 3,793 3,793 3,178
Full year 6,274 6,309 6,444 5,925 7,960 7,256
Operating income
(Million yen)
1st Half 669 623 665 1,014 747 253
Full year 1,259 1,451 1,209 1,410 1,491 1,061
Ordinary income
(Million yen)
1st Half 699 626 593 1,043 952 458
Full year 1,873 1,730 1,867 1,464 1,698 1,330
Net income
(Million yen)
1st Half 513 466 462 825 792 366
Full year 1,422 1,276 1,556 1,177 1,377 1,032
Net assets per share Yen 70.89 64.25 80.39 61.44 71.90 54.42
Net assets Million yen 8,532 8,822 9,811 10,650 11,192 11,859
Net assets per share Yen 425.11 455.43 511.80 555.54 589.96 624.93

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

← scroll →

Major figures 47th 48th 49th 50th 51st
2016/3 2017/3 2017/12 2018/12 2019/12
Sales Million yen 9,078 9,259 9,641 11,328 10,865
Sales cost Million yen 3,042 3,214 3,739 4,086 4,247
Gross profit Million yen 6,035 6,045 5,901 7,242 6,618
Selling, general and administrative expenses Million yen 3,850 4,157 3,908 5,019 4,981
Operating income (loss) Million yen 2,185 1,887 1,993 2,222 1,637
Ordinary income (loss) Million yen 2,207 1,888 2,063 2,236 1,722
Net income (loss) Million yen 1,514 1,642 1,567 1,778 1,236
Earnings before interest, taxes,
and amortization (EBITA)1
Million yen 2,519 2,251 2,582 2,927 2,410
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 12,250 13,110 14,587 15,166 16,091
Total assets2 Million yen 15,518 17,797 18,985 18,601 19,991
Interest-bearing debt (including discounted notes) Million yen - 1,750 1,250 750 650
Number of employees (consolidated) Persons 320 342 354 378 397

*1 EBITA = Income after tax + Interest paid + Taxes + Depreciation expense

*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.

← scroll →

Cash Flow 47th 48th 49th 50th 51st
2016/3 2017/3 2017/12 2018/12 2019/12
CF from operating activities Million yen 1,796 1,633 1,591 1,928 2,162
CF from investment activities Million yen -1,372 -2,461 -832 -706 -1,190
CF from financial activities Million yen -912 1,128 -885 -1,228 -632
Cash and cash equivalents at the end of year Million yen 3,422 3,723 3,664 3,599 3,952

← scroll →

Profitability 47th 48th 49th 50th 51st
2016/3 2017/3 2017/12 2018/12 2019/12
Gross income to sales ratio % 66.5 65.3 61.2 63.9 60.9
Operating income to sales ratio % 24.1 20.4 20.7 19.6 15.1
Ordinary income to sales ratio % 24.3 20.4 21.4 19.7 15.9
Net income to sales ratio % 16.7 17.7 16.3 15.7 11.4
Business income to total assets ratio*4 % 14.9 11.5 11.0 12.0 8.6
Ordinary income to total assets ratio (ROA)*3*4 % 14.7 11.3 11.2 11.9 8.9
Net income to equity ratio (ROE) % 12.5 13.0 11.3 12.0 7.9

*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.

← scroll →

Stability 47th 48th 49th 50th 51st
2016/3 2017/3 2017/12 2018/12 2019/12
Own capital ratio6 % 78.9 73.7 76.8 81.5 80.5
Current ratio6 % 286.3 273.0 281.9 310.4 268.8
Fixed ratio6 % 62.1 70.8 66.7 62.3 65.6
Debt ratio6 % 26.7 35.8 30.1 22.6 24.2
Debt-equity ratio5 % 0.0 13.3 8.6 4.9 4.0

*5 Debt-equity ratio = Interest-bearing debt ÷ Own capital × 100

*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.

← scroll →

Growth Potential 47th 48th 49th7 50th7 51st
2016/3 2017/3 2017/12 2018/12 2019/12
Sales increase rate % 0.2 2.0 - - -4.1
Ordinary income increase rate % 3.7 -14.5 - - -23.0
Net income increase rate % 12.7 8.4 - - -30.5

*7 The 49th and 50th term is transitional period of the change of the fiscal year, rate is omitted.

← scroll →

Productivity 47th 48th 49th 50th 51st
2016/3 2017/3 2017/12 2018/12 2019/12
Sales per employee Thousand yen 28,369 27,075 27,236 29,970 27,370
Gross margin per employee Thousand yen 18,861 17,676 16,672 19,159 16,671
Ordinary income per employee Thousand yen 6,899 5,521 5,828 5,917 4,338

← scroll →

Per Share Data 47th 48th 49th 50th 51st
2016/3 2017/3 2017/12 2018/12 2019/12
Net income per share(loss) Yen 76.26 84.86 81.77 92.85 65.16
Net assets per share Yen 632.41 683.86 760.92 799.46 847.94
Annual dividend Yen 18.00 20.00 22.00 26.00 26.00

← scroll →

Employee Data 47th 48th 49th 50th 51st
2016/3 2017/3 2017/12 2018/12 2019/12
Number of employees (consolidated) Persons 320 342 354 378 397
Number of employees (non-consolidated) Persons 186 198 205 225 231
Average age (non-consolidated) Years old 41.7 41.8 41.8 41.6 41.9
Average service years (non-consolidated) Years 12.9 12.7 12.7 12.0 12.5

← scroll →

Sales by Item 47th 48th 49th 50th 51st
2016/3 2017/3 2017/12 2018/12 2019/12
Chemicals for electronic substrates and parts Million yen 8,718 8,862 9,480 11,131 10,657
Machines for electronic substrates Million yen 178 130 56 53 83
Materials for electronic substrates Million yen 154 239 94 118 105
Other Million yen 26 26 9 25 18
pagetop