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Operating Results and Financial Position

Operating Result

Net Sales/Operating Income/Ordinary Income/Net Income/Operating Income to Sales (Consolidated)

Net Sales/Operating Income/Ordinary Income/Net Income/Operating Income to Sales (Consolidated)Millions of yen

  102th term
Ended March
2019
103th term
Ended March
2020
104th term
Ended March
2021
105th term
Ended March
2022
106th term
Ended March
2023
Net Sales 45,812 42,354 40,140 47,438 53,399
Operating Income 3,384 1,375 -1,293 649 304
Ordinary Income 3,557 1,336 -1,000 1,022 848
Net Income 2,314 1,123 61 904 557
Operating Income to Sales(%) 7.4% 3.2% -3.2% 1.4% 0.6%

Product Segment Information

Net sales by Product segment (Consolidated)

Net sales by Product segment (Consolidated)Millions of yen

  102th term
Ended March
2019
103th term
Ended March
2020
104th term
Ended March
2021
105th term
Ended March
2022
106th term
Ended March
2023
Material-related products 5,555 5,057 5,399 6,447 7,430
Automotive-related products 26,518 25,129 21,639 24,330 26,487
Suspension for HDD 8,084 6,092 7,871 10,948 12,931
Printer-related 3,834 3,403 3,271 3,694 4,239
Communication-related 1,119 901 963 1,228 1,563
Other Products 700 1,708 995 789 746

Geographic segment Information

Net sales by Geographic segment (Consolidated)

Net sales by Geographic segment (Consolidated)Millions of yen

  102th term
Ended March
2019
103th term
Ended March
2020
104th term
Ended March
2021
105th term
Ended March
2022
106th term
Ended March
2023
Japan 19,486 19,488 16,641 18,358 19,060
U.S.A. 4,401 4,280 3,243 3,723 4,353
China 5,099 4,018 4,286 5,396 5,835
Philippine 8,103 6,002 6,736 9,493 9,295
Other areas 8,722 8,563 9,232 10,468 14,853

Finacial Position

Total assets per share/Total assets/Net assets/Shareolder's equity ratio (Consolidated)

Total assets per share/Total assets/Net assets/Shareolder's equity ratio (Consolidated)

  102th term
Ended March
2019
103th term
Ended March
2020
104th term
Ended March
2021
105th term
Ended March
2022
106th term
Ended March
2023
Total assets per share (Yen) 1,133.61 1,133.98 1,144.45 1,237.07 1,264.63
Total assets (Millions of yen) 50,481 50,921 53,375 57,932 63,735
Net assets (Millions of yen) 36,280 35,913 36,320 37,182 38,038
Shareholder's Equity ratio(%) 71.7% 70.4% 68.0% 64.1% 59.7%

Cash Flows

Cash flows (Consolidated)

Cash flows (Consolidated)Millions of yen

  102th term
Ended March
2019
103th term
Ended March
2020
104th term
Ended March
2021
105th term
Ended March
2022
106th term
Ended March
2023
Cash provided by operating activities 5,435 2,758 3,014 3,170 1,691
Cash provided by investing activities -3,326 -4,618 -4,356 -4,822 -4,946
Free cash flow 2,109 -1,860 -1,342 -1,652 -3,255
Cash provided by financing activities -796 -1,088 250 1,154 2,780

Capital expenditure and Depreciation

Capital expenditure and Depreciation (Consolidated)

Capital expenditure and Depreciation (Consolidated)Millions of yen

  102th term
Ended March
2019
103th term
Ended March
2020
104th term
Ended March
2021
105th term
Ended March
2022
106th term
Ended March
2023
Capital expenditure 3,246 5,335 5,978 4,079 3,827
Depreciation 3,067 3,292 4,278 3,937 4,203

Management Indicators

ROE / ROA

ROE / ROA

  102th term
Ended March
2019
103th term
Ended March
2020
104th term
Ended March
2021
105th term
Ended March
2022
106th term
Ended March
2023
ROE 6.4% 3.1% 0.2% 2.4% 1.5%
ROA 4.6% 2.2% 0.1% 1.6% 0.9%

Cash Dividends

Pay out ratio/Cash dividends

Pay out ratio/Cash dividends(Annua total /Interim)

  102th term
Ended March
2019
103th term
Ended March
2020
104th term
Ended March
2021
105th term
Ended March
2022
106th term
Ended March
2023
Pay out ratio (%) 26.2% 56.6% 1024.3% 68.2% 107.7%
Cash dividends (Annual total)(Yen) 19 20 20 20 20
Cash dividends of interim (Yen) 8 9 9 9 11