Financial Data

Consolidated Business Results

  2016.3 2017.3 2018.3 2019.3 2020.3 2021.3
(Forecast)
Sales (million JPY) 251,291 260,204 289,933 319,834 320,893 270,000
Operating Income (million JPY) 9,289 12,383 16,362 17,219 17,900 11,200
Ordinary Income (million JPY) 10,601 13,427 17,461 18,359 19,286 12,500
Net income attributable to parent company shareholders (million JPY) 6,650 8,665 11,804 12,609 13,231 8,800
Net Income per Share (JPY) 89.40 117.83 160.41 173.29 186.49 126.58
Diluted Net Income per Share (JPY) 89.15 117.49 159.94 173.08 - -
ROE (ratio of net income divided by equity) (%) 6.4 8.2 10.3 10.4 10.8 -
ROA (ratio of ordinary income divided by total assets) (%) 4.7 5.9 7.0 6.8 7.1 -
Orders Received (million JPY) 265,301 273,464 288,646 333,887 297,883 278,000
Orders Outstanding (million JPY) 218,245 231,505 230,218 244,271 221,261 229,261

ROE (Return on Equity) (%) = Net income attributable to parent company ÷ shareholders' equity (average during the period) × 100
ROA (Return on Assets) (%) = Ordinary income ÷ Total assets (average during the period) × 100

Consolidated Financial Health

  2016.3 2017.3 2018.3 2019.3 2020.3
Total Assets (million JPY) 223,267 233,426 264,062 279,743 265,649
Net Assets (million JPY) 104,613 111,574 124,484 126,208 125,861
Net Assets per Share (JPY) 1,392.30 1,487.29 1,637.63 1,704.31 1,757.68
Capital Adequacy Ratio 45.8 46.9 45.7 43.6 46.0

Consolidated Cash Flow Situation

  2016.3 2017.3 2018.3 2019.3 2020.3
Cash Flow from
Operating Activities (million JPY)
△1,272 23,528 6,170 14,892 △6,369
Cash Flow from
Investing Activities (million JPY)
△5,398 2,329 △5,685 △6,069 △8,187
Cash Flow from
Financing Activities (million JPY)
△2,215 △6,079 7,107 △7,928 △4,199
Balance of Cash and Cash Equivalents
at End of Year (million JPY)
26,342 46,556 54,558 55,226 36,526

Segment Information

Dividend Status

  2016.3 2017.3 2018.3 2019.3 2020.3 2021.3
(Forecast)
Annual Dividend per Share (JPY) 28.0 36.0 50.0 52.0 56.0 56.0
Total Return Trend (%) 61.5 30.6 31.2 53.8 60.3 -
Payout Ratio (%) 31.3 30.6 31.2 30.0 30.0 44.2
Acquisition of Treasury Stock/
Net income attributable to parent company shareholders (%)
30.2 0.0 0.0 23.8 30.2 -
Net Asset Dividend Rate (DOE) (%) 2.0 2.5 3.2 3.1 3.2 -

Dividend Payout Ratio (%) = Annual dividend per share ÷ Net income per share × 100

(Note)Purchase of treasury stock by the executive compensation BIP Trust is not included "Acquisition of Tresury Stock".

Stock Price Index

  2016.3 2017.3 2018.3 2019.3 2020.3
Year-end Stock Price (JPY) 1,414 1,566 1,954 1,782 1,661
Price-Earnings Ratio (PER) (times) 15.8 13.3 12.2 10.3 8.9
Price Book-Value ratio (PBR) (times) 1.02 1.05 1.19 1.05 0.95

Price-Earnings Ratio (PER) (times) = Year-end stock price ÷ Net income per share
Price Book-Value ratio (PBR) (times) = Year-end stock price ÷ Net assets per share