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Financial Indicators

Net sales

Operating income

Recurring income

Net income

Consolidated Operating Results (Millions of yen)	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net sales	78,066	68,434	69,313	74,655	74,602	78,723
Cost of sales	33,770	30,560	30,248	32,589	31,643	31,693
Gross profit	44,296	37,873	39,065	42,065	42,959	47,029
Selling, general and administrative expenses	41,752	36,478	34,900	36,110	37,702	40,846
Operating income	2,543	1,395	4,164	5,955	5,256	6,183
Recurring income	2,440	1,925	4,644	6,201	6,202	6,364
Net income(loss)	683	1,651	3,578	4,624	4,831	4,088

* Rounded down below millions of yen

Consolidated Financial Position (at year-end) (Millions of yen)	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Current assets	42,027	44,241	45,274	47,632	49,283	41,232
Total assets	80,224	81,764	81,829	84,773	88,628	88,911
Current liabilities	19,818	19,366	18,084	18,979	19,966	17,990
Total shareholders' equity	57,876	61,069	62,971	64,296	66,893	66,505

* Rounded down below millions of yen

Per Share Data (yen)	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025*
Net income(loss)	19.38	47.59	105.18	137.72	145.48	62.80
Shareholders' equity	1,667.56	1,759.56	1,866.58	1,924.95	2,036.34	1,037.20
Cash dividends	15	40	100	120	100	50
Number of shares outstanding (in thousands)	47,406	45,000	40,000	40,000	36,000	72,000

*The Company conducted a stock split at a ratio of 2 shares for every 1 share of common stock on January 1, 2025.

Key Financial Ratios (%)	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating income to net sales ratio	3.3	2.0	6.0	8.0	7.0	7.9
Return on sales	0.9	2.4	5.2	6.2	6.5	5.2
Return on assets	2.9	2.4	5.7	7.4	7.2	7.2
Return on equity	1.1	2.8	5.8	7.3	7.4	6.1
Equity ratio	72.1	74.7	77.0	75.8	75.5	74.8