Statements of Income

（Millions of Yen）

Please scroll horizontally to look at table below.

	2020/3	2021/3	2022/3	2023/3	2024/3
Net sales	42,443	38,668	41,852	52,892	62,126
Cost of sales	27,724	25,255	27,849	34,935	40,132
Gross profit	14,719	13,412	14,003	17,957	21,994
Selling,general and administrative expenses	10,976	10,839	12,034	13,590	15,408
Operating profit	3,742	2,572	1,968	4,366	6,585
Non-operating income	304	316	419	346	383
Interest income	22	17	53	21	46
Dividends income	153	81	95	128	158
Subsidy income	36	25	4	67	51
Foreign exchange gains	-	120	184	44	56
Reversal of allowance for doubtful accounts	44	-	-	-	-
Other	47	71	82	83	71
Non-operating expenses	113	48	66	48	49
Interest expense	10	26	40	34	25
Loss on investments in investment partnerships	-	7	-	-	-
Provision of allowance for doubtful accounts	0	-	-	-	-
Foreign exchange losses	84	-	-	-	-
Commission fee	9	8	8	8	8
Other	8	5	16	4	14
Ordinary Profit	3,933	2,840	2,322	4,664	6,919
Extraordinary income	-	17	399	20	6
Extraordinary losses	13	17	10	14	9
Income before income taxes and minority interests	3,920	2,840	2,711	4,670	6,916
Income taxes-current	1,016	896	946	1,381	1,942
Income taxes-deferred	85	-17	-145	-46	-4
Profit	2,818	1,961	1,910	3,336	4,978
Profit attributable to non-controlling interests	-	-	4	5	9
Profit attributable to owners of parent	2,818	1,961	1,905	3,330	4,969

*1 The Financial Statements have been compiled based on the items disclosed in the Summary of Financial Results for each report period, and the items presented have been based on the most recent Summary of Financial Results. Therefore, the items presented in the form of a bar (“-“) may be included under the category "Other."
*2 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.
*3 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