Financial Data (Two Fiscal Years)

Click here for other materials

Financial Highlight

Statements of income (IFRS)

IFRS basis

(Millions of yen)
	2022.3	2023.3
Revenue	266,257	279,037
Cost of sales	(109,671)	(112,950)
(Percent of revenue) (%)	41.2	40.5
Gross profit	156,586	166,087
(Percent of revenue) (%)	58.8	59.5
Selling, general and administrative expenses	(84,499)	(96,257)
(Percent of revenue) (%)	31.7	34.5
Research and development expenses	(26,377)	(28,297)
(Percent of revenue) (%)	9.9	10.1
Amortization on intangible assets associated with products	(9,734)	(9,518)
(Percent of revenue) (%)	3.7	3.4
Other income	1,043	3,524
Other expenses	(1,133)	(38,629)
Operating profit	35,886	(3,090)
(Percent of revenue) (%)	13.5	-
Finance income	2,543	1,153
Finance expenses	(1,209)	(1,499)
Share of loss of investments accounted for using equity method	(1,604)	(2,362)
Profit before tax	35,616	(5,799)
(Percent of revenue) (%)	13.4	-
Income tax expenses	(8,427)	(9,184)
Net profit for the year	27,189	(14,983)
(Percent of revenue) (%)	10.2	-
ROE (%)	8.4	-

IFRS (Core basis)

(Millions of yen)
	2022.3	2023.3
Revenue	266,257	279,037
Cost of sales	(109,671)	(112,950)
(Percent of revenue) (%)	41.2	40.5
Gross profit	156,586	166,087
(Percent of revenue) (%)	58.8	59.5
Selling, general and administrative expenses	(83,861)	(93,548)
(Percent of revenue) (%)	31.5	33.5
Research and development expenses	(26,377)	(28,297)
(Percent of revenue) (%)	9.9	10.1
Operating profit	46,348	44,242
(Percent of revenue) (%)	17.4	15.9
Net profit for the year	35,159	33,235
(Percent of revenue) (%)	13.2	11.9
ROE (％)	10.9	10.5

Statement of financial position (IFRS)

Assets

(Millions of yen)
	2022.3		2023.3
		%		%
Non-current assets
Property, plant and equipment	56,287	12.2	66,173	15.7
Intangible assets	130,217	28.3	96,309	22.9
Financial assets	28,673	6.2	28,038	6.7
Retirement benefit asset	3,011	0.7	3,438	0.8
Investments from application of equity method	7,565	1.6	9,321	2.2
Deferred tax assets	3,103	0.7	2,810	0.7
Other non-current assets	1,695	0.4	1,763	0.4
Total non-current assets	230,551	50.1	207,853	49.4
Current assets
Inventories	37,141	8.1	39,352	9.3
Trade and other receivables	99,591	21.7	107,165	25.4
Other financial assets	1,293	0.3	774	0.2
Income tax receivable	-	-	60	0.0
Other current assets	8,387	1.8	8,072	1.9
Cash and cash equivalents	83,014	18.0	57,903	13.7
Total current assets	229,426	49.9	213,326	50.6
Total assets	459,976	100.0	421,179	100.0

Equity and liabilities

(Millions of yen)
	2022.3		2023.3
		%		%
Equity
Share capital	8,672	1.9	8,702	2.1
Capital surplus	9,370	2.0	9,789	2.3
Treasury shares	(718)	(0.2)	(364)	(0.1)
Retained earnings	290,477	63.2	238,071	56.5
Other components of equity	29,688	6.5	37,781	9.0
Total equity attributable to owners of the parent	337,488	73.4	293,979	69.8
Non-controlling interests	(645)	(0.1)	(683)	(0.2)
Total equity	336,844	73.2	293,297	69.6
Liabilities
Non-current liabilities
Financial liabilities	22,023	4.8	33,513	8.0
Net defined benefit liabilities	1,077	0.2	1,271	0.3
Provisions	738	0.2	691	0.2
Deferred tax liabilities	2,526	0.5	1,592	0.4
Other non-current liabilities	948	0.2	1,312	0.3
Total non-current liabilities	27,312	5.9	38,378	9.1
Current liabilities
Trade and other payables	41,185	9.0	44,945	10.7
Other financial liabilities	38,533	8.4	25,858	6.1
Income tax payable	4,198	0.9	6,745	1.6
Provisions	939	0.2	4,212	1.0
Other current liabilities	10,965	2.4	7,744	1.8
Total current liabilities	95,821	20.8	89,504	21.3
Total liabilities	123,133	26.8	127,883	30.4
Total equity and liabilities	459,976	100.0	421,179	100.0

Consolidated Statements of Cash Flows (IFRS)

(Millions of yen)
	2022.3	2023.3
Net cash flows from operating activities	46,043	37,147
Net cash flows from (used in) investing activities	(35,169)	(26,777)
Net cash flows from (used in) financing activities	5,557	(37,220)
Net increase (decrease) in cash and cash equivalents	16,432	(26,850)
Cash and cash equivalents at beginning of period	62,888	83,014
Effect of exchange rate changes on cash and cash equivalents	3,694	1,739
Cash and cash equivalents at end of period	83,014	57,903

(Reference) Accounting Standards and Definition of "Core Base"

With the adoption of IFRS, the Santen Group discloses financial information on a core basis, which is calculated by excluding certain income and expenses item from the IFRS basis, as an indicator of profitability from business activities.

Financial Highlights

Official SNS