財務データ

Comparative Consolidated Balance Sheets (Summary)

(Millions of yen)

FY2014
As of March 31, 2014		 FY2015
As of March 31, 2015
ASSETS
Current assets 11,770 10,304
Fixed assets 8,469 6,249
Tangible fixed assets 7,232 5,148
Non-Tangible Fixed Assets 191 238
Investments and others assets 1,045 863
Total assets 20,240 16,554
LIABILITIES
Current liabilities 8,892 5,619
Fixed Liabilities 6,606 3,902
Total liabilities 15,499 9,522
NET ASSETS
Shareholders' equity 5,571 6,473
Common stock 1,000 1,000
Capital surplus 256 256
Retained earnings 4,323 5,241
Treasury stock △8 △24
Total accumulated other comprehensive income △843 529
Valuation gain (loss) on other securities 58 125
Foreign exchange adjustment △353 570
Remeasurements of defined benefit plans △548 △166
Warrants 12 29
Total net assets 4,741 7,032
Total liabilities and net assets 20,240 16,554

Total assets as of the end of the 67th term decreased by 3,685 million yen compared with 16,554 million yen posted at the end of the previous term. The main causes of the decrease are as follows.

Assets
In assets, although cash and deposits increased by 677 million yen, due to sale of Daiichi Kasei Holdings Co., Ltd., a subsidiary company of the Group, and some other factors, notes and accounts receivable-trade decreased by 1,310 million yen while inventory assets decreased by 657 million yen, resulting in a decrease of current assets by 1,465 million yen. Moreover, due to sale of our subsidiary and some other factors, property, plant and equipment decreased by 2,084 million yen, intangible assets increased by 46 million yen, while investments and other assets decreased by 182 million yen.

Liabilities
In liabilities, sum total was 9,522 million yen, down 5,977 million yen compared with the end of the previous term. The main reason for it is that with the sale of Daiichi Kasei Holdings Co., Ltd., a subsidiary company of the Group, current liabilities decreased by 3,272 million yen while noncurrent liabilities decreased by 2,704 million yen.

Net assets
In net assets, sum total was 7,032 million yen, up 2,291 million yen compared with the end of the previous term. The main reason for it is that in connection with 535 million yen posted as current term net profit and a change of accounting standards concerning termination benefits made during the term, retained earnings increased by 466 million yen resulting in total shareholders' equity increasing by 901 million yen. Also, foreign currency translation adjustment increased by 923 million yen under the impact of weak yen, sale of Daiichi Kasei Holdings Co., Ltd., a subsidiary company of the Group, and some other factors resulted in an increase of adjusted accumulated termination benefits by 381 million yen, with the above resulting in an increase of total accumulated other comprehensive income by 1,372 million yen.

Comparative Consolidated Profit and Loss Statements (Summary)

(Millions of yen)

FY2014
As of March 31, 2014		 FY2015
As of March 31, 2015
Net sales 27,100 29,487
Cost of sales 21,260 22,835
Gross profit 5,840 6,652
Selling, general and administrative expenses 5,020 5,571
Operating income 820 1,081
Non-operating revenues 334 500
Non-operating expenses 333 588
Ordinary income 820 992
Extra ordinary gain 36 151
Extra ordinary loss 48 198
Net Income before Income Taxes 808 945
Corporate, Inhabitant and Enterprise Taxes 126 250
Corporate Tax Adjustments - 159
Net income 682 535

Net sales
There was a double digit growth compared with the previous term in sales of products for the auto market, which served as the key driver for the Group. At the same time, products for the medical equipment market also made a substantial leap forward, which combined resulted in net sales reaching 29,487 million yen, an increase of 8.8% compared with the previous term.
Operating profit
Although Plastics Business posted a decrease of profit, Precision Springs Business posted a significant increase of profits, and, collectively, operating profit was 1,081 million yen, an increase by 31.8% compared with the previous term. Ratio of operating profit to revenue was 3.7%, up 0.7 point compared with the previous term.
Non-operating income
With an increase of foreign exchange gains from the previous term, non-operating income increased by 166 million yen compared with the previous term.
Non-operating expenses
As equity in losses of affiliates increased from the previous term, non-operating expenses increased by 255 million yen compared with the previous term.
Ordinary profit
Ordinary profit increased by 21.0% compared with the previous term.
Extraordinary income
As a result of profit on sale of the shares of Daiichi Kasei Holdings Co., Ltd. and some other factors, extraordinary income increased by 115 million yen compared with the previous term.
Extraordinary loss
As the Group posted loss on liquidation of subsidiaries and affiliates and estimated cost of restoration work for the former Fukushima Plant damaged due to a mudslide as extraordinary loss and due to some other reasons, extraordinary loss increased by 150 million yen compared with the previous term.
Minority interests in income
The Group posted minority interests in income of 159 million yen for Daiichi Kasei Holdings Co., Ltd.
Current term net profit
Current term net profit decreased by 21.6% compared with the previous term.

Comparative Consolidated Statements of Cash Flows (Summary)

(Millions of yen)

FY2014
As of March 31, 2014		 FY2015
As of March 31, 2015
Cash flows from operating activities 1,835 2,139
Cash flows from investing activities △1,045 △1,179
Cash flows from financing activities △546 △794
Effect of exchange rate changes on cash and cash equivalents 139 395
Net increase (decrease) in cash and cash equivalents 382 560
Cash and cash equivalents at the beginning of year 2,362 2,745
Cash and cash equivalents at the end of quarter 2,745 3,407

Cash flow
The term-end balance of cash and cash equivalents as of end of this term increased by 662 million yen compared with the end of the previous term to 3,407 million yen.