Consolidated Balance Sheets (FY2017)

The 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.