Financial Indicators

Fiscal years ended March 31		2019/3	2020/3	2021/3	2022/3	2023/3	2024/3
Profitability	Return on equity (ROE)	8.9%	9.1%	8.3%	5.8%	6.0%	8.1%
Profitability	Return on assets (ROA)	8.3%	8.5%	7.8%	6.5%	4.9%	7.9%
Safety	Current ratio	170.7%	173.4%	201.7%	208.1%	200.9%	221.2%
	Fixed assets / (Shareholders' equity + Long term liabilities)	66.9%	65.1%	58.1%	54.7%	55.9%	54.1%
	Debt / Equity ratio (times)	0.15	0.12	0.12	0.11	0.10	0.06
	Interest coverage ratio (times) *	78.8	288.8	317.6	217.4	79.4	50.2
Cash flows	Cash flows from operating activities Cash flows (million-yen)	10,470	19,086	18,847	14,021	8,269	19,930
	Cash flows from investing activities Cash flows (million-yen)	-7,449	-9,316	-6,582	-7,804	-11,014	-10,568
	Cash flows from financing activities Cash flows (million-yen)	-2,715	-6,400	-2,088	-4,834	-5,793	-4,338
Capital expenditure breakdown	Capital expenditure breakdown (million-yen)	7,965	7,771	5,916	10,503	11,068	7,032
	Japan (million-yen)	4,592	4,839	3,527	3,988	4,302	2,802
	Americas (million-yen)	1,769	626	1,317	3,720	5,478	2,707
	Europe (million-yen)	1,149	1,434	605	728	541	959
	PAGO (million-yen)	301	430	109	-	-	-
	ASEAN (million-yen)	99	488	699	1,934	722	508
Depreciation breakdown	Depreciation breakdown (million-yen)	8,836	8,160	8,056	8,069	7,738	8,620
	Japan (million-yen)	4,403	4,092	3,996	3,963	3,165	3,430
	Americas (million-yen)	2,544	2,301	2,029	1,795	2,336	3,000
	Europe (million-yen)	1,183	1,048	940	1,433	1,208	1,146
	PAGO (million-yen)	517	523	395	-	-	-
	ASEAN (million-yen)	213	220	886	891	1,051	1,058
R&D expenses	R&D expenses (million-yen)	2,120	2,539	2,394	2,493	2,464	2,524
Employees	Number of employees	4,703	5,719	5,741	5,892	5,767	5,692

*Interest coverage ratio: Cash-flow from operating activities / Interest paid (same as interest paid in the consolidated cash-flow)

*From the fiscal year ended March 2022, the former “PAGO” has been integrated into “Europe”.