＜Consolidated Financial Statements＞ | ||
(1) Consolidated statement of income | (Thousands of yen) | |
Fiscal year ended May 31, 2024 | Fiscal year ended May 31, 2025 | |
Net sales | 11,213,162 | 11,580,528 |
Cost of sales | 6,928,594 | 7,254,684 |
Gross profit | 4,284,567 | 4,325,843 |
Selling, general and administrative expenses | ||
Promotion expenses | 401,622 | 354,965 |
Advertising expenses | 100,742 | 98,712 |
Packing and transportation expenses | 83,811 | 85,573 |
Salaries and allowances | 958,900 | 982,689 |
Retirement benefit expenses | 27,084 | 28,988 |
Welfare expenses | 183,717 | 241,289 |
Rent expenses | 127,308 | 157,885 |
Depreciation | 81,402 | 62,073 |
Commission fee | 242,187 | 285,426 |
Taxes and dues | 97,721 | 99,872 |
Experiment and research expenses | 339,022 | 335,121 |
Other | 462,542 | 462,202 |
Total selling, general and administrative expenses | 3,106,064 | 3,194,799 |
Operating income | 1,178,502 | 1,131,044 |
Non-operating income | ||
Interest income | 36,626 | 40,094 |
Dividend income | 4,254 | 4,680 |
Foreign exchange gains | 29,809 | - |
Real estate rent | 121,956 | 120,673 |
Share of profit of entities accounted for using equity method | 31,310 | 29,803 |
Subsidy income | 34,250 | 42,651 |
Other | 14,184 | 22,341 |
Total non-operating income | 272,391 | 260,244 |
Non-operating expenses | ||
Interest expenses | 10,948 | 4,443 |
Foreign exchange losses | - | 21,719 |
Rent expenses on real estates | 86,964 | 81,023 |
Other | 3,948 | 14,777 |
Total non-operating expenses | 101,862 | 121,963 |
Ordinary income | 1,349,032 | 1,269,324 |
Extraordinary income | ||
Subsidy income | - | 111,000 |
Gain on reversal of provision for loss on disaster | - | 5,996 |
Total extraordinary income | - | 116,996 |
Extraordinary losses | ||
Loss on sales of non-current assets | 280 | - |
Loss on disaster | 160,258 | - |
Provision for loss on disaster | 209,395 | - |
Total extraordinary losses | 369,934 | - |
Income before income taxes and minority interests | 979,098 | 1,386,321 |
Income taxes - current | 252,285 | 470,640 |
Income taxes - deferred | 39,254 | △78,418 |
Total income taxes | 291,539 | 392,222 |
Profit | 687,558 | 994,099 |
Profit attributable to non-controlling interests | 335 | 8,081 |
Profit attributable to owners of parent | 687,223 | 986,017 |
(2) Consolidated statement of income | ||
(Thousands of yen) | ||
Fiscal year ended May 31, 2024 | Fiscal year ended May 31, 2025 | |
Profit | 687,558 | 994,099 |
Other comprehensive income | ||
Valuation difference on available-for-sale securities | 45,670 | △73,108 |
Foreign currency translation adjustment | 379,048 | △44,918 |
Remeasurements of defined benefit plans, net of tax | 4,491 | 48,616 |
Total other comprehensive income | 429,210 | △69,410 |
Comprehensive income | 1,116,768 | 924,689 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 1,109,858 | 917,946 |
Comprehensive income attributable to non-controlling | 6,910 | 6,742 |
interests |