Profit attributable to owners of the parent declined by approximately 30%, falling from ¥59.9 billion in the previous fiscal year to ¥41.8 billion for the year ending March 31, 2018.
See it on page 3Net sales contracted to ¥189.1 billion from ¥207.2 billion, leading to a decrease in operating profit from ¥89.0 billion to ¥72.4 billion.
See it on page 2The company recorded a ¥7.6 billion extraordinary loss due to the amortization of goodwill, which effectively reduced intangible assets to near zero.
See it on page 2Total assets grew to ¥192.1 billion from ¥176.9 billion, supported by a strong cash and deposits position that reached ¥156.2 billion.
See it on page 1Net cash provided by operating activities increased to ¥50.0 billion from ¥41.3 billion, bolstered by a reduction in income taxes paid.
See it on page 5The organization maintained aggressive capital allocation, spending ¥10.0 billion on treasury share repurchases and ¥12.2 billion on dividend payments.
See it on page 4The balance sheet remains stable with total liabilities decreasing to ¥21.7 billion and net assets rising to ¥170.4 billion.
See it on page 1The consolidated financial results for the fiscal year ending March 31, 2018, reveal a period of significant asset growth contrasted with declining profitability. Total assets increased from ¥176.9 billion to ¥192.1 billion, driven largely by a rise in cash and deposits, which reached ¥156.2 billion. However, net sales fell from ¥207.2 billion in the previous year to ¥189.1 billion. This contraction in revenue, combined with relatively stagnant selling and administrative expenses, resulted in operating profit dropping from ¥89.0 billion to ¥72.4 billion.
Profitability was further impacted by substantial extraordinary losses, most notably a ¥7.6 billion amortization of goodwill that reduced intangible assets to near zero. Consequently, profit attributable to owners of the parent fell by approximately 30%, ending at ¥41.8 billion compared to ¥59.9 billion in the prior fiscal year. Despite lower net income, the financial position remains liquid, with total liabilities decreasing to ¥21.7 billion and net assets rising to ¥170.4 billion.
Cash flow analysis indicates robust operational health, as net cash provided by operating activities grew to ¥50.0 billion, up from ¥41.3 billion. This was supported by a significant reduction in income taxes paid. The organization continued aggressive shareholder return and capital restructuring strategies, including the purchase of ¥10.0 billion in treasury shares and the payment of ¥12.2 billion in dividends. Investment activities focused on property, plant, and equipment, as well as guarantee deposits, while the overall cash position strengthened by over ¥21.9 billion during the period.
