Consolidated Statements of Income

Consolidated statements of income by fiscal year

Latest Data 2013-2022 (EXCEL) Updated on Feb. 13, 2023

Million yen

	Dec. 2018	Dec. 2019	Dec. 2020	Dec. 2021	Dec. 2022
Net sales	1,673,137	1,664,764	1,471,298	1,812,496	2,248,456
Cost of sales	1,217,963	1,222,433	1,099,486	1,305,655	1,614,711
Gross profit	455,173	442,331	371,812	506,840	633,745

SG&A expenses	314,386	326,967	290,139	324,498	408,880
Operating income(loss)	140,787	115,364	81,672	182,342	224,864

Non-operating income	15,952	14,175	16,269	18,480	26,033
Non-operating expenses	18,771	10,060	10,273	11,415	11,603

Ordinary income (loss)	137,969	119,479	87,668	189,407	239,293

Extraordinary income	644	3,023	4,577	13,704	8,946
Extraordinary losses	1,729	1,876	7,255	3,407	2,441
Income (Loss) before income taxes	136,883	120,626	84,990	199,704	245,798

Income taxes - current	37,026	34,487	27,756	38,736	61,665
Income taxes - deferred	(4,641)	2,086	1,460	(3,164)	(5,448)
Net income attributable to non-controlling interests Note 1)	11,132	8,315	2,701	8,553	15,142
Net income attributable to owners of parent Note 2)	93,366	75,736	53,072	155,578	174,439

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.