Results

(Millions of yen)
2017/3 2018/3 2019/3 2020/3 2021/3
Net Sales 93,509 101,231 107,874 105,477 97,266
Operating Income 6,586 7,318 9,488 9,698 8,341
Ordinary Income 6,536 7,485 10,053 10,321 8,838
Net Income 4,320 4,778 6,793 6,506 6,050

Per share data

(yen)
2017/3 2018/3 2019/3 2020/3 2021/3
Earnings per share 205.05 223.24 297.10 276.14 257.37
Net assets per share 2,502.48 2,698.66 2,795.62 2,912.98 3,310.56
Dividend per share 55.0 57.5 65.0 65.0 65.0

Assets and Liabilities

2017/3 2018/3 2019/3 2020/3 2021/3
Total Assets (Millions of yen) 101,503 115,020 112,661 110,851 119,373
Net Assets(Millions of yen) 52,725 60,953 64,548 69,121 77,232
Shareholder’s equity ratio (%) 51.9 53.0 57.3 62.4 64.7
Interest-bearing debt
(Millions of yen)
21,839 23,504 19,231 17,767 15,909
D/E ratio (times) 0.4 0.4 0.3 0.3 0.1

Management index

2017/3 2018/3 2019/3 2020/3 2021/3
Return on equity [ROE] (%) 8.6 8.4 10.8 9.7 8.3
Return on assets [ROA] (%) 6.6 6.9 8.8 9.2 7.7
Price earnings ratio [PER] (times) 12.1 12.6 9.1 9.3 10.2
Capital Expenditures
(Millions of yen)
4,302 5,963 2,434 3,840 2,388
Depreciation (Millions of yen) 2,923 3,185 3,605 3,626 3,894

Cash flows

(Millions of yen)
2017/3 2018/3 2019/3 2020/3 2021/3
Cash flows from operating
activities
8,490 7,757 9,854 10,336 9,347
Cash flows from investing
activities
-3,145 -7,398 -4,542 -4,092 -1,850
Cash flows from financing
activities
-3,506 3,097 -5,003 -1,677 -4,464
Cash and cash equivalents at
the end of fiscal year
20,532 23,993 24,376 28,899 31,936

Segment Information

Basic Chemical Products

(Millions of yen)
2017/3 2018/3 2019/3 2020/3 2021/3
Net Sales 41,783 44,513 48,955 48,263 42,416
Operating Income 1,491 2,221 5,124 4,854 3,555

Functional Chemical Products

(Millions of yen)
2017/3 2018/3 2019/3 2020/3 2021/3
Net Sales 36,338 40,680 43,005 41,639 40,744
Operating Income 6,319 6,017 5,459 5,537 5,780

Housing Facilities and others

(Millions of yen)
2017/3 2018/3 2019/3 2020/3 2021/3
Net Sales 15,387 16,038 15,912 15,574 14,106
Operating Income -238 137 169 475 254