Consolidated Financial Results

(millions of yen)

	March 2018	March 2019	March 2020	March 2021	March 2022
Net Sales	314,790	298,161	280,750	227,440	252,322
Cost of Sales	179,215	168,778	158,145	129,279	142,295
% of Net Sales	56.9	56.6	56.3	56.8	56.4
SG&A Expense	106,007	99,121	93,541	82,789	88,016
% of Net Sales	33.7	33.2	33.3	36.4	34.9
Operating Income	29,568	30,262	29,064	15,372	22,011
% of Net Sales	9.4	10.1	10.4	6.8	8.7
Income before Income Taxes and Minority Interests	24,612	29,369	27,641	17,908	22,910
% of Net Sales	7.8	9.9	9.8	7.9	9.1
Net Income	19,563	22,135	17,588	12,014	15,889
% of Net Sales	6.2	7.4	6.3	5.3	6.3

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