[Based on Japanese GAAP]
(Millions of yen)
As of March 31, 2024
As of March 31, 2025
Assets
Current assets
Cash and deposits
13,738
10,603
Accounts receivable – trade
15,579
15,184
Securities
3,500
555
Merchandise and finished goods
12,578
14,757
Work in process
466
544
Raw materials and supplies
7,358
11,032
Other
2,922
5,463
Allowance for doubtful accounts
－
(94)
Total current assets
56,143
58,047
Non-current assets
Property, plant and equipment
Buildings and structures
10,005
11,708
Accumulated depreciation
(5,813)
(6,610)
Buildings and structures, net
4,192
5,097
Machinery, equipment and vehicles
15,488
17,168
(14,248)
(15,047)
Machinery, equipment and vehicles, net
1,240
2,121
Land
4,249
4,255
Construction in progress
1,101
6,550
3,762
3,941
(3,283)
(3,258)
Other, net
479
683
Total property, plant and equipment
11,263
18,709
Intangible assets
Goodwill
4,361
2,877
2,631
Total intangible assets
6,993
Investments and other assets
Investment securities
15,654
12,327
Deferred tax assets
2,696
2,312
2,127
2,162
(17)
Total investments and other assets
20,461
16,784
Total non-current assets
34,601
42,487
Total assets
90,745
100,534
Liabilities
Current liabilities
Accounts payable - trade
4,060
6,411
Electronically recorded obligations - operating
3,295
2,735
Short-term borrowings
300
2,521
Current portion of long-term borrowings
4,680
1,940
Accounts payable - other
5,794
6,194
Income taxes payable
2,896
173
Provision for bonuses
1,151
1,210
Provision for bonuses for directors (and other officers)
74
73
1,715
1,617
Total current liabilities
23,968
22,879
Non-current liabilities
Long-term borrowings
4,505
6,441
Retirement benefit liability
206
341
1,811
Total non-current liabilities
4,846
8,459
Total liabilities
28,815
31,339
Net assets
Shareholders' equity
Share capital
1,197
Capital surplus
1,848
Retained earnings
56,372
59,545
Treasury shares
(3,287)
(704)
Total shareholders' equity
56,130
60,039
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
4,790
4,853
Foreign currency translation adjustment
424
Remeasurements of defined benefit plans
584
417
Total accumulated other comprehensive income
5,799
5,271
Non-controlling interests
3,885
Total net assets
61,930
69,195
Total liabilities and net assets