Financial Highlights

(Millions of yen)

	2017/2	2018/2	2019/2	2020/2	2021/2
Operating revenues	49,797	48,060	47,118	44,970	39,449
Gross profit	29,348	28,049	27,115	25,780	21,294
Selling, general and administrative expenses	22,818	21,947	22,171	21,804	18,527
Operating income	6,529	6,102	4,984	3,975	2,767
Ordinary income	7,796	7,562	6,804	4,312	3,195
Net income	4,962	5,293	2,440	2,475	1,622

Operating revenues

Operating income

Ordinary income

Net income

(Millions of yen)

	2017/2	2018/2	2019/2	2020/2	2021/2
Total assets	62,420	66,321	59,934	53,737	53,000
Net assets	49,074	53,399	43,587	39,588	39,543
Interest bearing debt	378	277	175	82	0

Total assets

Net assets

Interest bearing debt

(Millions of yen)

	2017/2	2018/2	2019/2	2020/2	2021/2
Cash flows from operating activities	4,964	5,427	1,664	2,433	6,633
Cash flows from investing activities	△2,347	△3,023	5,407	72	△2,169
Cash flows from financing activities	△2,305	△1,665	△9,344	785	2,732
Free cash flows*	2,616	2,403	7,071	2,505	4,464

Note: Free cash flows = Cash flows from operating activities + Cash flows from investing activities

	2017/2	2018/2	2019/2	2020/2	2021/2
Gross margin (%)	58.9	58.4	57.6	57.3	54.0
Operating margin (%)	13.1	12.7	10.6	8.8	7.0
Return on assets(ROA) (%)	8.1	8.2	3.9	4.3	3.0
Return on equity(ROE) (%)	10.5	10.4	5.0	6.0	4.1
Shareholders' equity ratio (%)	78.4	80.4	72.6	73.5	74.6
Current ratio (%)	213.6	243.2	205.5	216.2	229.6
Debt equity ratio (times)	0.01	0.01	0.00	0.00	0.00