Financial Data (Two Fiscal Years)

Click here for other materials

Financial Highlight

Statements of income (IFRS)

IFRS basis

(Millions of yen)
	2021.3	2022.3
Revenue	249,605	266,257
Cost of sales	(98,221)	109,671
(Percent of revenue) (%)	39.4	41.2
Gross profit	151,384	156,586
(Percent of revenue) (%)	60.6	58.8
Selling, general and administrative expenses	(79,554)	(84,499)
(Percent of revenue) (%)	31.9	31.7
Amortization on intangible assets associated with products	(10,650)	(9,734)
(Percent of revenue) (%)	4.3	3.7
Research and development expenses	(24,112)	26,377
(Percent of revenue) (%)	9.7	9.9
Other income	16,007	1,043
Other expenses	(40,889)	(1,133)
Operating profit	12,187	35,886
(Percent of revenue) (%)	4.9	13.5
Finance income	1,346	2,543
Finance expenses	(1,488)	(1,209)
Share of loss of investments accounted for using equity method	(358)	(1,604)
Profit before tax	11,688	35,616
(Percent of revenue) (%)	4.7	13.4
Income tax expenses	(2,562)	(8,427)
Net profit for the year	9,126	27,189
(Percent of revenue) (%)	3.7	10.2
ROE (%)	3.0	8.4

IFRS (Core basis)

(Millions of yen)
	2021.3	2022.3
Revenue	249,605	266,257
Cost of sales	(98,221)	(109,671)
(Percent of revenue) (%)	39.4	41.2
Gross profit	151,384	156,586
(Percent of revenue) (%)	60.6	58.8
Selling, general and administrative expenses	(77,171)	(83,861)
(Percent of revenue) (%)	30.9	31.5
Research and development expenses	(24,112)	(26,377)
(Percent of revenue) (%)	9.7	9.9
Operating profit	50,101	46,348
(Percent of revenue) (%)	20.1	17.4
Net profit for the year	37,549	35,159
(Percent of revenue) (%)	15.0	13.2
ROE (％)	12.3	10.9

Statement of financial position (IFRS)

Assets

(Millions of yen)
	2021.3		2022.3
		%		%
Non-current assets
Property, plant and equipment	39,489	9.7	56,287	12.2
Intangible assets	112,876	28.1	130,217	28.3
Financial assets	31,903	7.9	28,673	6.2
Retirement benefit asset	1,619	0.4	3,011	0.7
Investments from application of equity method	5,162	1.3	7,565	1.6
Deferred tax assets	2,824	0.7	3,103	0.7
Other non-current assets	2,249	0.6	1,695	0.4
Total non-current assets	199,054	49.1	230,551	50.1
Current assets
Inventories	41,575	10.3	37,141	8.1
Trade and other receivables	95,992	23.7	99,591	21.7
Other financial assets	527	0.1	1,293	0.3
Other current assets	5,248	1.3	8,387	1.8
Cash and cash equivalents	62,888	15.5	83,014	18.0
Total current assets	206,231	50.9	229,426	49.9
Total assets	405,285	100.0	459,976	100.0

Equity and liabilities

(Millions of yen)
	2021.3		2022.3
		%		%
Equity
Share capital	8,525	2.1	8,672	1.9
Capital surplus	8,954	2.2	9,370	2.0
Treasury shares	(934)	(0.2)	(718)	(0.2)
Retained earnings	273,238	67.4	290,477	63.2
Other components of equity	20,283	5.0	29,688	6.5
Total equity attributable to owners of the parent	310,181	76.5	337,488	73.4
Non-controlling interests	(535)	(0.1)	(645)	(0.1)
Total equity	309,646	76.4	336,844	73.2
Liabilities
Non-current liabilities
Financial liabilities	10,141	2.5	22,023	4.8
Net defined benefit liabilities	1,210	0.3	1,077	0.2
Provisions	600	0.1	738	0.2
Deferred tax liabilities	3,626	0.9	2,526	0.5
Other non-current liabilities	1,514	0.4	948	0.2
Total non-current liabilities	17,090	4.2	27,312	5.9
Current liabilities
Trade and other payables	38,106	9.4	41,185	9.0
Other financial liabilities	23,739	5.9	38,533	8.4
Income tax payable	5,458	1.3	4,198	0.9
Provisions	819	0.2	939	0.2
Other current liabilities	10,428	2.6	10,965	2.4
Total current liabilities	78,549	19.4	95,821	20.8
Total liabilities	95,639	23.6	123,133	26.8
Total equity and liabilities	405,285	100.0	459,976	100.0

Consolidated Statements of Cash Flows (IFRS)

(Millions of yen)
	2021.3	2022.3
Net cash flows from operating activities	38,808	46,043
Net cash flows from (used in) investing activities	(53,355)	(35,169)
Net cash flows from (used in) financing activities	(16,685)	5,557
Net increase (decrease) in cash and cash equivalents	(31,232)	16,432
Cash and cash equivalents at beginning of period	91,430	62,888
Effect of exchange rate changes on cash and cash equivalents	2,690	3,694
Cash and cash equivalents at end of period	62,888	83,014

(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 ordinary performance.

Financial Highlights

Official SNS