Net Sales and Profit
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Consolidated net sales increased by 4.7% to 1,256.8 billion yen compared with the previous fiscal year, owing to the increase in revenue in all business segments.
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Cost of sales increased by 3.5% to 858.0 billion yen, equivalent to 68.3% of net sales, down from 69.1% in the previous fiscal year.
Selling, general and administrative (SG&A) expenses increased by 5.1% to 238.4 billion yen, equivalent to 19.0% of net sales, up from 18.9% in the previous fiscal year.
As a consequence, operating profit increased by 11.1% to 160.3 billion yen.
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Ordinary profit totaled 182.1 billion yen, up 4.0% from the previous fiscal year. Non-operating profit decreased by 26.7% or 9.7 billion yen, mainly due to the decrease in net gains on investments in investment partnerships in the U.S. etc., while non-operating expenses decreased by 12.9% or 0.7 billion yen.
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Total income taxes were 51.9 billion yen, equivalent to 28.9% of profit before income taxes, up from 28.3% in the previous fiscal year.
Profit attributable to non-controlling interests totaled 15.4 billion yen, decreased by 10.2% or 1.7 billion yen.
As a result, profit attributable to owners of parent increased by 4.2% to 112.6 billion yen, equivalent to 9.0% of net sales, unchanged from the previous fiscal year.