Financial Data (March 2018)

Statements of income (IFRS)

 IFRS basis

(Millions of yen)

  2017.3 2018.3
Revenue 199,096 224,942
Cost of sales (74,966) (86,378)
(Percent of revenue) 37.7% 38.4%
Gross profit 124,130 138,564
(Percent of revenue) 62.3% 61.6%
Selling, general and administrative expenses (62,193) (68,788)
(Percent of revenue) 31.2% 30.6%
Amortization on intangible assets associated with products (6,412) (6,740)
(Percent of revenue) 3.2% 3.0%
Research and development expenses (22,786) (24,398)
(Percent of revenue) 11.4% 10.8%
Other income 468 417
Other expenses (728) (364)
Operating profit 32,479 38,691
(Percent of revenue) 16.6% 17.2%
Profit before tax 30,055 39,261
(Percent of revenue) 15.1% 17.5%
Income tax expenses (8,331) (4,000)
Net profit for the year 21,724 35,261
(Percent of revenue) 10.9% 15.7%
ROE (%) 8.4 13.0

 IFRS (Core basis)

(Millions of yen)

  2017.3 2018.3
Revenue 199,096 224,942
Cost of sales (74,966) (86,378)
(Percent of revenue) 37.7% 38.4%
Gross profit 124,130 138,564
(Percent of revenue) 62.3% 61.6%
Selling, general and administrative expenses (61,657) (68,788)
(Percent of revenue) 31.0% 30.6%
Research and development expenses (22,786) (24,398)
(Percent of revenue) 11.4% 10.8%
Operating profit 39,687 45,378
(Percent of revenue) 19.9% 20.2%
Profit before tax 39,687 45,378
(Percent of revenue) 19.9% 20.2%
Income tax expenses (10,562) (11,920)
Net profit for the year 29,125 33,458
(Percent of revenue) 14.6% 14.9%
ROE (%) 11.3 12.4

Statement of financial position (IFRS)

 Assets

(Millions of yen)

  2017.3 2018.3
    %   %
Non-current assets        
Property, plant and equipment 28,550 8.0 29,706 7.6
Intangible assets 138,935 38.7 134,495 34.6
Financial assets 29,889 8.3 35,775 9.2
Deferred tax assets 2,396 0.7 2,264 0.6
Other non-current assets 2,124 0.6 2,855 0.7
Total non-current assets 201,894 56.3 205,095 52.8
Current assets        
Inventories 28,502 7.9 30,636 7.9
Trade and other receivables 70,970 19.8 78,654 20.2
Other financial assets 333 0.1 472 0.1
Other current assets 3,909 1.1 4,322 1.1
Cash and cash equivalents 53,297 14.8 69,283 17.8
Total current assets 157,011 43.7 183,367 47.2
Total assets 358,906 100.0 388,463 100.0

 Equity and liabilities

(Millions of yen)

  2017.3 2018.3
    %   %
Equity
Share capital 7,792 2.2 8,032 2.1
Capital surplus 8,417 2.3 8,657 2.2
Treasury shares (10) (0.0) (11) (0.0)
Retained earnings 223,283 62.2 249,225 64.2
Other components of equity 15,628 4.4 19,921 5.1
Total equity attributable to owners of the parent 255,110 71.1 285,823 73.6
Total equity 255,929 71.3 287,557 74.0
Liabilities
Non-current liabilities        
Financial liabilities 26,288 7.3 21,244 5.5
Net defined benefit liabilities 1,900 0.5 1,804 0.5
Provisions 1,426 0.4 1,367 0.4
Deferred tax liabilities 17,963 5.0 12,909 3.3
Other non-current liabilities 1,919 0.5 1,380 0.4
Total non-current liabilities 49,496 13.8 38,704 10.0
Current liabilities        
Trade and other payables 23,937 6.7 29,743 7.7
Other financial liabilities 17,649 4.9 14,404 3.7
Income tax payable 3,279 0.9 7,656 2.0
Provisions 1,372 0.4 1,508 0.4
Other current liabilities 7,244 2.0 8,890 2.3
Total current liabilities 53,481 14.9 62,201 16.0
Total liabilities 102,977 28.7 100,905 26.0
Total equity and liabilities 358,906 100.0 388,463 100.0

Consolidated Statements of Cash Flows (IFRS)

(Millions of yen)

  2017.3 2018.3
Net cash flows from operating activities 10,843 42,843
Net cash flows from (used in) investing activities (28,201) (8,259)
Net cash flows from (used in) financing activities (28,657) (17,631)
Net increase (decrease) in cash and cash equivalents (46,015) 16,953
Cash and cash equivalents at beginning of period 99,798 52,282
Effect of exchange rate changes on cash and cash equivalents (1,501) 48
Cash and cash equivalents at end of period 52,282 69,283