Financial Statement (FY2024)

Dividends per share

Total

Payout

per Net

Dividend

1-Qtr.

2-Qtr.

3-Qtr.

Year-end

Annual

Ratio

Assets

Amount

Yen

Yen

Yen

Yen

Yen

Million¥

%

%

Year ended Sept. 2023

－

37.50

－

50.00

87.50

1,318

22.9

2.4

Year ended Sept. 2024

－

50.00

－

70.00

120.00

1,792

32.3

3.0

Year ended Sept. 2024 (forecast)

－

60.00

－

60.00

120.00

34.8

Profit attributable to

Net income

Net sales

Operating profit

Ordinary profit

per share

owners of parent

(basic)

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Yen

1st Half

41,000

(1.2)

3,000

(20.6)

3,200

(24.9)

2,500

2.7

169.09

Full Year

83,000

(2.8)

6,500

(21.5)

6,900

(25.3)

5,100

(8.6)

344.96

Sept. 2024:

15,730,538 shares

Sept. 2023:

15,730,538 shares

2) Number of treasury stock at the end of the period

Sept. 2024:

946,096 shares

Sept. 2023:

716,826 shares

3) Average number of shares in the fiscal year

Sept. 2024:

15,001,741 shares

Sept. 2023:

15,593,828 shares

(Millions of Yen)

As of September 30, 2023

As of September 30, 2024

Assets

Current Assets

Cash and deposits

25,928

27,420

Notes and accounts receivable-trade, and contract

22,988

21,449

assets

Electronically recorded monetary claims -

804

1,240

operating

Securities

1,000

－

Finished goods

3,087

3,146

Work in process

4,908

4,933

Raw materials and supplies

4,493

4,853

Other

1,760

1,963

Allowance for doubtful accounts

(345)

(398)

Total Current Assets

64,626

64,608

Non-Current Assets

Property, plant and equipment

Buildings and structures

26,119

27,379

Machinery, equipment and vehicles

16,459

17,541

Land

6,893

7,150

Construction in progress

604

792

Other

3,688

3,953

Accumulated depreciation & Impairment Loss

(26,058)

(27,740)

Total property, plant and equipment

27,706

29,075

Intangible assets

Goodwill

151

128

Other

1,171

669

Total intangible assets

1,323

798

Investments and other assets

Investment securities

2,437

2,655

Deferred tax assets

823

812

Other

112

121

Total investments and other assets

3,372

3,589

Total Non-Current Assets

32,402

33,463

TOTAL ASSETS

97,029

98,071

(Millions of Yen)

As of September 30, 2023

As of September 30, 2024

Liabilities

Current Liabilities

Notes and accounts payable-trade

9,441

8,706

Electronically recorded obligations - operating

2,579

1,649

Current portion of long-term loans payable

161

323

Accrued expenses

4,581

4,862

Income taxes payable

1,682

1,185

Contract liabilities

9,098

8,584

Provision for bonuses

674

721

Provision for directors'bonuses

84

82

Provision for product warranties

1,008

872

Provision for share awards

26

27

Other

2,093

2,653

Total Current Liabilities

31,431

29,669

Non-Current Liabilities

Long-term loans payable

1,610

1,286

Provision for share awards

12

12

Net defined benefit liability

3,068

3,224

Deferred tax liabilities

1,325

1,243

Other

676

1,012

Total Non-Current Liabilities

6,693

6,778

Total Liabilities

38,125

36,447

Net Assets

Shareholders' Equity

Capital stock

14,496

14,496

Capital surplus

3,206

3,220

Retained earnings

38,055

42,128

Treasury stock

(1,922)

(2,877)

Total Shareholders' Equity

53,836

56,967

Accumulated other comprehensive income

Valuation difference on available-for-sale

642

734

securities

Deferred gains or losses on hedges

(1)

33

Foreign currency translation adjustment

4,572

4,174

Remeasurements of defined benefit plans

(229)

(369)

Total accumulated other comprehensive

4,983

4,572

income

Subscription rights to shares

83

83

Total Net Assets

58,903

61,623

Total Liabilities and Net Assets

97,029

98,071

(Millions of Yen)

Oct. 1, 2022 - Sept. 30, 2023

Oct. 1,2023- Sept. 30, 2024

Net sales

79,531

85,432

Cost of sales

52,342

55,485

Gross profit

27,188

29,947

Selling, general and administrative expenses

19,226

21,668

Operating profit

7,961

8,279

Non-operating income

Gain on valuation of derivatives

－

107

Interest income

295

632

Dividend income

35

94

Equity in earnings of affiliates

50

181

Other

117

75

Total non-operating Income

500

1,092

Non-operating expenses

Interest expenses

17

23

Foreign exchange losses

64

36

Loss on valuation of derivatives

11

－

Nondeductible consumption tax

－

44

Other

19

26

Total non-operating Expenses

112

129

Ordinary profit

8,349

9,241

Extraordinary income

Gain on sales of non-current assets

5

3

Other

－

0

Total extraordinary income

5

4

Extraordinary loss

Loss on sales and retirement of non-current assets

24

218

Impairment losses

－

156

Loss on development of system

－

900

Total extraordinary loss

24

1,275

Income before income taxes

8,330

7,970

Income taxes - current

2,550

2,510

Income taxes - deferred

(188)

(120)

Total income taxes

2,362

2,389

Net income

5,968

5,580

Profit attributable to owners of parent

5,968

5,580

(Millions of Yen)

Oct. 1, 2022- Sept. 30, 2023

Oct. 1, 2023 - Sept. 30, 2024

Net Income

5,968

5,580

Other comprehensive income

(Millions of Yen)

Oct. 1, 2022 - Sept. 30, 2023

Oct. 1, 2023 - Sept. 30, 2024

Cash flows from operating activities;

Income before income taxes

8,330

7,970

Depreciation and amortization

1,944

2,303

Impairment losses

－

156

Loss on development of system

－

900

Amortization of goodwill

22

25

Increase (decrease) in allowance for doubtful

(25)

55

accounts

Increase (decrease) in provision for bonuses

141

46

Increase (decrease) in provision for product

(3)

(134)

warranties

Increase (decrease) in net defined benefit liability

(39)

(32)

Increase (decrease) in provision for share awards

(312)

0

Interest and dividends income

(331)

(727)

Interest expenses

17

23

Equity in (earnings) losses of affiliates

(50)

(181)

Loss (gain) on valuation of derivatives

11

(107)

Loss (gain) on sales and retirement of non-current

19

214

assets

Decrease (increase) in notes and accounts

(4,200)

1,059

receivable-trade, and contract assets

Decrease (increase) in inventories

(618)

(487)

Increase (decrease) in notes and accounts

1,817

(1,533)

payable-trade

Increase (decrease) in contract liabilities

(723)

(454)

Decrease (increase) in advance payments - trade

(54)

(51)

Increase (decrease) in accrued expenses

588

306

Other

498

246

Sub total

7,032

9,595

Interests and dividends income received

406

827

Interest expenses paid

(16)

(23)

Income taxes paid

(1,506)

(3,094)

Penalty income received

31

－

Net cash provided by (used in) operating activities

5,946

7,305

Cash flows from investing activities;

Payments into time deposits

(1,825)

(630)

Proceeds from withdrawal of time deposits

1,729

434

Purchase of securities

(1,000)

－

Proceeds from redemption of securities

1,000

1,000

Purchase of property, plant and equipment

(3,048)

(3,200)

Proceeds from sales of property, plant and equipment

38

5

Purchase of intangible assets

(314)

(620)

Purchase of investment securities

(137)

(0)

Proceeds from sales of investment securities

32

－

Other

12

0

Net cash provided by (used in) investing activities

(3,512)

(3,011)

Cash flows from financing activities;

Proceeds from short-term loans payable

400

－

Repayment of short-term loans payable

(400)

－

Proceeds from long-term loans payable

1,000

－

Repayment of long-term loans payable

(538)

(161)

Purchase of treasury shares

(3,892)

(1,000)

Cash dividends paid

(1,221)

(1,507)

Repayments of lease obligations

(62)

(84)

Net cash provided by (used in) financing activities

(4,713)

(2,753)

Effect of exchange rate change on cash and cash

1,487

(232)

equivalents

Net increase (decrease) in cash and cash equivalents

(791)

1,306

Cash and cash equivalents at beginning of period

26,480

25,689

Cash and cash equivalents at end of period

25,689

26,995