Financial Data

Consolidated Business Results

  2017.3 2018.3 2019.3 2020.3 2021.3 2022.3
(Forecast)
Sales (million JPY) 260,204 289,933 319,834 320,893 275,181 300,000
Operating Income (million JPY) 12,383 16,362 17,219 17,900 12,300 13,800
Ordinary Income (million JPY) 13,427 17,461 18,359 19,286 13,902 15,000
Net income attributable to parent company shareholders (million JPY) 8,665 11,804 12,609 13,231 10,116 11,000
Net Income per Share (JPY) 117.83 160.41 173.29 186.49 145.56 158.26
Diluted Net Income per Share (JPY) 117.49 159.94 173.08 - - -
ROE (ratio of net income divided by equity) (%) 8.2 10.3 10.4 10.8 8.0 -
ROA (ratio of ordinary income divided by total assets) (%) 5.9 7.0 6.8 7.1 5.2 -
Orders Received (million JPY) 273,464 288,646 333,887 297,883 287,501 295,000
Orders Outstanding (million JPY) 231,505 230,218 244,271 221,261 233,581 228,581

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

  2017.3 2018.3 2019.3 2020.3 2021.3
Total Assets (million JPY) 233,426 264,062 279,743 265,649 271,146
Net Assets (million JPY) 111,574 124,484 126,208 125,861 135,849
Net Assets per Share (JPY) 1,487.29 1,637.63 1,704.31 1,757.68 1,907.64
Capital Adequacy Ratio 46.9 45.7 43.6 46.0 48.7

Consolidated Cash Flow Situation

  2017.3 2018.3 2019.3 2020.3 2021.3
Cash Flow from
Operating Activities (million JPY)
23,528 6,170 14,892 △6,369 22,568
Cash Flow from
Investing Activities (million JPY)
2,329 △5,685 △6,069 △8,187 △324
Cash Flow from
Financing Activities (million JPY)
△6,079 7,107 △7,928 △4,199 3,642
Balance of Cash and Cash Equivalents
at End of Year (million JPY)
46,556 54,558 55,226 36,526 62,271

Segment Information

Dividend Status

  2017.3 2018.3 2019.3 2020.3 2021.3 2022.3
(Forecast)
Annual Dividend per Share (JPY) 36.0 50.0 52.0 56.0 56.0 58.0
Total Return Trend (%) 30.6 31.2 53.8 60.3 38.5 -
Payout Ratio (%) 30.6 31.2 30.0 30.0 38.5 36.6
Acquisition of Treasury Stock/
Net income attributable to parent company shareholders (%)
0.0 0.0 23.8 30.2 0.0 -
Net Asset Dividend Rate (DOE) (%) 2.5 3.2 3.1 3.2 3.1 -

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

(Note) Purchase of treasury stock by the executive compensation BIP Trust and Stock Benefit Trust are not included "Acquisition of Treasury Stock".

Stock Price Index

  2017.3 2018.3 2019.3 2020.3 2021.3
Year-end Stock Price (JPY) 1,566 1,954 1,782 1,661 1,724
Price-Earnings Ratio (PER) (times) 13.3 12.2 10.3 8.9 11.8
Price Book-Value ratio (PBR) (times) 1.05 1.19 1.05 0.95 0.90

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