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Financial Highlights

During fiscal 2020, the year ended March 31, 2021, the Japanese economy drastically worsened as economic activity came to a standstill due to the global spread of COVID-19, but economic activities, primarily in China, continued to normalize, and a moderate recovery was achieved. However, there are concerns about the worsening of U.S.-China friction and a resurgence of COVID-19, so the future remains uncertain.
Among the Company’s main customers, investment related to digitalization was strong, and trends toward resuming some investments was seen from the third quarter onward in automotive-related and other markets as well.
With restrictions such as limitations on movement in place, the Company’s initiatives included advancing online sales and strengthening activities centered on markets related to 5G and IoT and automated driving and electrification.
As a result, in the consolidated results for fiscal 2020, orders-received decreased 13.8% year on year to ¥37,580 million and net sales decreased 8.9% to ¥38,668 million. On the earnings front, decreased net sales saw operating profit fall 31.3% to ¥2,572 million and profit attributable to owners of parent decreased 30.4% to ¥1,961 million.

Financial Highlights (Consolidated)

  2017/3 2018/3 2019/3 2019/3(Reference) 2020/3 2021/3
Orders-received (Millions of Yen) 40,289 44,775 50,698 48,008 43,571 37,580
Net sales (Millions of Yen) 39,507 44,069 50,580 47,060 42,443 38,668
Operating profit (Millions of Yen) 3,243 4,602 5,827 5,470 3,742 2,572
Ordinary profit (Millions of Yen) 3,171 4,746 5,851 5,493 3,933 2,840
Profit attributable to owners of parent (Millions of Yen) 2,233 3,308 4,289 4,030 2,818 1,961
Total assets (Millions of Yen) 49,044 54,588 57,359 - 57,461 58,607
Net assets (Millions of Yen) 37,049 39,943 42,088 - 42,731 44,984
Earnings per share (Yen) 97.85 144.76 187.65 176.32 123.26 85.79
Book value per share (Yen) 1,621.00 1,747.46 1,841.30 - 1,868.77 1,967.34
Return on assets (%) 6.5 9.2 10.5 9.9 6.9 4.9
Return on equity (%) 6.1 8.6 10.5 9.9 6.6 4.5
Shareholders' equity ratio (%) 75.5 73.2 73.4 - 74.4 76.8

*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

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

Shareholders' equity ratio

Graph: Shareholders' equity ratio