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Financial Highlights

Fact Book 2023 (207KB)

During fiscal 2022, the year ended March 31, 2023, the ESPEC Group’s business environment saw favorable electronics- and automotive-related investments against a backdrop of digitalization and decarbonization in society. Demand continued to be strong mainly in the market related to 5G and IoT, as well as automated driving and electrification of automobiles. From the production aspect, the Group secured production volume by implementing all types of measures, including strategically accumulating inventories, procuring alternatives and changing designs in response to parts procurement difficulties.
Looking at the Company's operating results for fiscal 2022, orders received increased 16.0% year on year to ¥59,521 million, a record high. This result was due partly to advance orders resulting from extended product delivery schedules in connection with parts procurement difficulties and the impact of exchange rate fluctuations, in addition to growing demand centered on cutting-edge technology fields. Net sales increased 26.4% year on year to ¥52,892 million, a record high. On the profit front, the Company recorded operating profit of ¥4,366 million, a 121.8% increase year on year. This increase was mainly due to higher sales, which offset the impact of surging component prices and electricity fees, as well as the impact of an increase in selling, general and administrative expenses accompanying the expansion of orders received. Profit attributable to owners of parent increased 74.8% year on year to ¥3,330 million. In addition, return on equity (ROE) stood at 7.2%.

Financial Highlights (Consolidated)

Please scroll horizontally to look at table below.

  2019/3 2019/3(Reference) 2020/3 2021/3 2022/3 2023/3
Orders-received (Millions
of Yen)
50,698 48,008 43,571 37,580 51,303 59,521
Net sales (Millions
of Yen)
50,580 47,060 42,443 38,668 41,852 52,892
Operating profit (Millions
of Yen)
5,827 5,470 3,742 2,572 1,968 4,366
Operating profit ratio (%) 11.5 11.6 8.8 6.7 4.7 8.3
Ordinary profit (Millions
of Yen)
5,851 5,493 3,933 2,840 2,322 4,664
Profit
attributable to
owners of parent
(Millions
of Yen)
4,289 4,030 2,818 1,961 1,905 3,330
Total assets (Millions
of Yen)
57,359 - 57,461 58,607 61,922 67,176
Net assets (Millions
of Yen)
42,088 - 42,731 44,984 45,592 47,172
Earnings per share (Yen) 187.65 176.32 123.26 85.79 84.89 150.34
Book value per share (Yen) 1,841.30 - 1,868.77 1,967.34 2,028.44 2,150.64
Return on assets (%) 10.5 9.9 6.9 4.9 3.9 7.2
Return on equity (%) 10.5 9.9 6.6 4.5 4.2 7.2
Equity-to-asset ratio (%) 73.4 - 74.4 76.8 73.3 69.9
  • *1 2019/3 was an irregular 15-month fiscal period for overseas consolidated subsidiaries.
  • *2 2019/3 Reference:Regular year financial results period assuming a 12-month period for overseas consolidated subsidiaries
  • *3 The Partial Amendments to the Accounting Standard for Tax Effect Accounting (ASBJ Statement No. 28, February 16, 2018) was applied from the beginning of FY2018
  • *4 Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020) was applied from the beginning of the fiscal year ended March 31, 2022
  • Orders-received

    Graph: New orders received during the year

  • Net sales

    Graph: Net sales

  • Operating profit

    Graph: Operating profit

  • Ordinary profit

    Graph: Ordinary profit

  • Profit attributable to owners of parent

    Graph: Profit attributable to owners of parent

  • Total assets / Net assets

    Graph: Total assets / Net assets

  • Earnings per share

    Graph: Earnings per share

  • Book value per share

    Graph: Book value per share

  • Return on assets
    Return on equity

    Graph: Return on assets / Return on equity

  • Equity-to-asset ratio

    Graph: Equity-to-asset ratio