Financial Highlights

Financial highlights by fiscal year

Latest Data 2014-2023 (EXCEL) Updated on Feb. 14, 2024

		Dec. 2019	Dec. 2020	Dec. 2021	Dec. 2022	Dec. 2023
[ For the year ]
Net sales	Million Yen	1,664,764	1,471,298	1,812,496	2,248,456	2,414,759
Japan	Million Yen	169,767	152,923	158,321	164,065	141,726
Overseas	Million Yen	1,494,997	1,318,374	1,654,174	2,084,390	2,273,033

Cost of sales	Million Yen	1,222,433	1,099,486	1,305,655	1,614,711	1,699,409
SG&A expenses	Million Yen	326,967	290,139	324,498	408,880	464,694

Operating income(loss)	Million Yen	115,364	81,672	182,342	224,864	250,655
Ordinary income(loss)	Million Yen	119,479	87,668	189,407	239,293	241,982
Net income(loss) attributable to owners of parent Note 1)	Million Yen	75,736	53,072	155,578	174,439	164,119

Capital expenditures Note 5)	Million Yen	58,053	53,756	66,963	88,206	104,134
Depreciation	Million Yen	49,689	48,241	51,129	59,824	63,223
R&D expenses	Million Yen	102,023	94,000	95,285	105,216	116,109
[ At the year end ]
Total assets	Million Yen	1,532,810	1,640,913	1,832,917	2,183,291	2,571,962
Interest-bearing debt Note 2)	Million Yen	364,951	466,935	458,514	602,689	843,876
Net assets(Shareholder's equity)	Million Yen	751,828	749,158	900,670	1,054,298	1,182,670
Number of shares issued (excluding treasury stock) Note 6)	Share	1,047,981,189	1,048,299,046	1,037,581,485	1,014,645,486	991,530,906
Stock Price Note 6)	Yen	734.33	701.33	919.67	1,003.33	1,279.50
Aggregate market value Note 3)	Million Yen	769,567	735,207	954,229	1,018,027	1,268,663
Number of shareholders		67,741	82,730	79,112	94,547	136,752
Number of employees		55,255	52,437	51,243	52,554	53,701
Cash Dividends Note 6)	Yen	90.00	60.00	115.00	125.00	145.00

Note 1): From the fiscal year ended December 31, 2016, the presentation of “Net Income” was changed to “Net income attributable to owners of parent.”

Note 2): Interest-bearing debt=(Short-term loans)+(Current portion of long-term debt)+(Current portion of bonds)+(Commercial paper)+(Bonds)+(Long-term debt)

Note 3): Aggregate market value＝Stock price (at the year end) x Number of shares issued.

Note 4): From the fiscal year ended December 31, 2016, the presentation of sales finance-related income and expenses has changed from recording under “Selling, general and administrative expenses,” “Non-operating income,” and “Non-operating expenses” to recording under “Net sales,” “Cost of sales,” and “Selling, general and administrative expenses.”
To reflect this change in presentation method, the consolidated financial statements for the fiscal year ended December 31, 2015 have been reclassified.

Note 5): From the fiscal year ended December 31, 2019, we changed the calculation method for “Capital expenditures” in order to show a more suitable figure with the current situation.
To reflect this change in presentation method, the figure for the fiscal year ended December 31, 2018 has been reclassified.

Note 6): On January 1, 2024, each share of common stock was split into 3 shares. “Number of shares issued” and “Stock Price” were calculated based on the assumption that the stock split had been conducted.
“Cash Dividends” are actual figures before the stock split.