Financial Indicators

Fiscal years ended March 31		2018/3	2019/3	2020/3	2021/3	2022/3	2023/3
Profitability	Return on equity (ROE)	7.2%	8.9%	9.1%	8.3%	5.8%	6.0%
Profitability	Return on assets (ROA)	7.5%	8.3%	8.5%	7.8%	6.5%	4.9%
Safety	Current ratio	160.8%	170.7%	173.4%	201.7%	208.1%	200.9%
	Fixed assets / (Shareholders' equity + Long term liabilities)	71.3%	66.9%	65.1%	58.1%	54.7%	55.9%
	Debt / Equity ratio (times)	0.16	0.15	0.12	0.12	0.11	0.10
	Interest coverage ratio (times) *	120.5	78.8	288.8	317.6	217.4	79.4
Cash flows	Cash flows from operating activities Cash flows (million-yen)	11,879	10,470	19,086	18,847	14,021	8,269
	Cash flows from investing activities Cash flows (million-yen)	-8,388	-7,449	-9,316	-6,582	-7,804	-11,014
	Cash flows from financing activities Cash flows (million-yen)	-4,954	-2,715	-6,400	-2,088	-4,834	-5,793
Capital expenditure breakdown	Capital expenditure breakdown (million-yen)	8,747	7,965	7,771	5,916	10,503	11,068
	Japan (million-yen)	5,609	4,592	4,839	3,527	3,988	4,302
	Americas (million-yen)	1,619	1,769	626	1,317	3,720	5,478
	Europe (million-yen)	1,024	1,149	1,434	605	728	541
	PAGO (million-yen)	295	301	430	109	-	-
	ASEAN (million-yen)	123	99	488	699	1,934	722
Depreciation breakdown	Depreciation breakdown (million-yen)	9,234	8,836	8,160	8,056	8,069	7,738
	Japan (million-yen)	4,589	4,403	4,092	3,996	3,963	3,165
	Americas (million-yen)	2,644	2,544	2,301	2,029	1,795	2,336
	Europe (million-yen)	1,261	1,183	1,048	940	1,433	1,208
	PAGO (million-yen)	555	517	523	395	-	-
	ASEAN (million-yen)	210	213	220	886	891	1,051
R&D expenses	R&D expenses (million-yen)	2,187	2,120	2,539	2,394	2,493	2,464
Employees	Number of employees	4,478	4,703	5,719	5,741	5,892	5,767

*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”.