Statements of Income

（Millions of Yen）

	2017/3	2018/3	2019/3	2020/3	2021/3
Net sales	39,507	44,069	50,580	42,443	38,668
Cost of sales	26,059	28,487	32,417	27,724	25,255
Gross profit	13,447	15,581	18,163	14,719	13,412
Selling,general and administrative expenses	10,204	10,979	12,335	10,976	10,839
Operating profit	3,243	4,602	5,827	3,742	2,572
Non-operating income	173	171	226	304	316
Interest income	16	19	20	22	17
Dividends income	87	90	100	153	81
Foreign exchange gains	-	-	-	-	120
Subsidy income	-	-	43	36	25
Reversal of allowance for doubtful accounts	-	-	-	44	-
Other	70	60	61	47	71
Non-operating expenses	245	27	203	113	48
Interest expense	0	0	0	10	26
Loss on investments in investment partnerships	-	-	-	-	7
Provision of allowance for doubtful accounts	5	6	-	0	-
Foreign exchange losses	204	1	185	84	-
Commission fee	9	10	9	9	8
Other	26	7	7	8	5
Ordinary Profit	3,171	4,746	5,851	3,933	2,840
Extraordinary income	3	7	1	-	17
Extraordinary losses	30	7	14	13	17
Income before income taxes and minority interests	3,144	4,746	5,838	3,920	2,840
Income taxes-current	870	1,378	1,499	1,016	896
Income taxes-deferred	40	59	50	85	-17
Profit	2,233	3,308	4,289	2,818	1,961
Profit attributable to owners of parent	2,233	3,308	4,289	2,818	1,961

＊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 2019/3 was an irregular 15-month fiscal period for overseas consolidated subsidiaries.