Financial Data

Statements of income (IFRS)

 IFRS basis

(Millions of yen)

  2018.3 2019.3
Revenue 224,942 234,026
Cost of sales (86,378) (90,764)
(Percent of revenue) 38.4% 38.8%
Gross profit 138,564 143,262
(Percent of revenue) 61.6% 61.2%
Selling, general and administrative expenses (68,788) (71,273)
(Percent of revenue) 30.6% 30.5%
Amortization on intangible assets associated with products (6,740) (6,988)
(Percent of revenue) 3.0% 3.0%
Research and development expenses (24,398) (23,759)
(Percent of revenue) 10.8% 10.2%
Other income 417 4,028
Other expenses (364) (172)
Operating profit 38,691 45,098
(Percent of revenue) 17.2% 19.3%
Profit before tax 39,261 43,117
(Percent of revenue) 17.5% 18.4%
Income tax expenses (4,000) (11,174)
Net profit for the year 35,261 31,943
(Percent of revenue) 15.7% 13.6%
ROE (%) 13.0 11.1

 IFRS (Core basis)

(Millions of yen)

  2018.3 2019.3
Revenue 224,942 234,026
Cost of sales (86,378) (90,764)
(Percent of revenue) 38.4% 38.8%
Gross profit 138,564 143,262
(Percent of revenue) 61.6% 61.2%
Selling, general and administrative expenses (68,788) (71,273)
(Percent of revenue) 30.6% 30.5%
Research and development expenses (24,398) (23,759)
(Percent of revenue) 10.8% 10.2%
Operating profit 45,378 48,230
(Percent of revenue) 20.2% 20.6%
Profit before tax 45,378 48,230
(Percent of revenue) 20.2% 20.6%
Income tax expenses (11,920) (12,138)
Net profit for the year 33,458 36,092
(Percent of revenue) 14.9% 15.4%
ROE (%) 12.4 12.5

Statement of financial position (IFRS)

 Assets

(Millions of yen)

  2018.3 2019.3
    %   %
Non-current assets        
Property, plant and equipment 29,706 7.6 31,699 8.1
Intangible assets 134,495 34.6 131,110 33.5
Financial assets 35,775 9.2 30,044 7.7
Deferred tax assets 2,264 0.6 1,771 0.5
Other non-current assets 2,855 0.7 1,819 0.5
Total non-current assets 205,095 52.8 196,444 50.2
Current assets        
Inventories 30,636 7.9 35,235 9.0
Trade and other receivables 78,654 20.2 84,618 21.6
Other financial assets 472 0.1 267 0.1
Other current assets 4,322 1.1 3,826 1.0
Cash and cash equivalents 69,283 17.8 70,796 18.1
Total current assets 183,367 47.2 194,742 49.8
Total assets 388,463 100.0 391,186 100.0

 Equity and liabilities

(Millions of yen)

  2018.3 2019.3
    %   %
Equity
Share capital 8,032 2.1 8,252 2.1
Capital surplus 8,657 2.2 8,661 2.2
Treasury shares (11) (0.0) (1,131) (0.3)
Retained earnings 249,225 64.2 258,659 66.1
Other components of equity 19,921 5.1 16,461 4.2
Total equity attributable to owners of the parent 285,823 73.6 290,900 74.4
Total equity 287,557 74.0 292,572 74.8
Liabilities
Non-current liabilities        
Financial liabilities 21,244 5.5 23,520 6.0
Net defined benefit liabilities 1,804 0.5 1,992 0.5
Provisions 1,367 0.4 1,255 0.3
Deferred tax liabilities 12,909 3.3 9,389 2.4
Other non-current liabilities 1,380 0.4 1,795 0.5
Total non-current liabilities 38,704 10.0 37,951 9.7
Current liabilities        
Trade and other payables 29,743 7.7 32,079 8.2
Other financial liabilities 14,404 3.7 12,116 3.1
Income tax payable 7,656 2.0 7,185 1.8
Provisions 1,508 0.4 717 0.2
Other current liabilities 8,890 2.3 8,566 2.2
Total current liabilities 62,201 16.0 60,663 15.5
Total liabilities 100,905 26.0 98,614 25.2
Total equity and liabilities 388,463 100.0 391,186 100.0

Consolidated Statements of Cash Flows (IFRS)

(Millions of yen)

  2018.3 2019.3
Net cash flows from operating activities 42,843 32,894
Net cash flows from (used in) investing activities (8,259) (2,935)
Net cash flows from (used in) financing activities (17,631) (28,107)
Net increase (decrease) in cash and cash equivalents 16,953 1,852
Cash and cash equivalents at beginning of period 52,282 69,283
Effect of exchange rate changes on cash and cash equivalents 48 (338)
Cash and cash equivalents at end of period 69,283 70,796