Consolidated Statements of Income

Consolidated statements of income by fiscal year

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

Million yen

	Dec. 2019	Dec. 2020	Dec. 2021	Dec. 2022	Dec. 2023
Net sales	1,664,764	1,471,298	1,812,496	2,248,456	2,414,759
Cost of sales	1,222,433	1,099,486	1,305,655	1,614,711	1,699,409
Gross profit	442,331	371,812	506,840	633,745	715,350

SG&A expenses	326,967	290,139	324,498	408,880	464,694
Operating income(loss)	115,364	81,672	182,342	224,864	250,655

Non-operating income	14,175	16,269	18,480	26,033	21,418
Non-operating expenses	10,060	10,273	11,415	11,603	30,092

Ordinary income (loss)	119,479	87,668	189,407	239,293	241,982

Extraordinary income	3,023	4,577	13,704	8,946	4,212
Extraordinary losses	1,876	7,255	3,407	2,441	4,512
Income (Loss) before income taxes	120,626	84,990	199,704	245,798	241,681

Income taxes - current	34,487	27,756	38,736	61,665	82,673
Income taxes - deferred	2,086	1,460	(3,164)	(5,448)	(19,462)
Net income attributable to non-controlling interests Note 1)	8,315	2,701	8,553	15,142	14,350
Net income attributable to owners of parent Note 2)	75,736	53,072	155,578	174,439	164,119

Note 1): From the fiscal year ended December 31, 2016, the presentation of “Minority interests” was changed to “Net income attributable to non-controlling interests.”

Note 2): From the fiscal year ended December 31, 2016, the presentation of “Net Income” was changed to “Net income attributable to owners of parent.”

Note 3): 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.