FY2022 Results and FY2023 Forecast
Profit and Loss Statement
Impact
FY2021
FY2022
(billion yen)
Net sales
Cost of sales
on profitability
125
128
3,109.1
3,981.6
+872.5
* 1 Changes in selling, general and
administrative expense
2,051.8
2,650.1
-598.3
Product shipping costs
-18.3
(66.0%)
(66.6%)
Gross profit
1,057.3
1,331.5
+274.1
R&D expense
-18.5
(34.0%)
(33.4%)
Sales promotion /
-11.5
Selling general and
741.0
954.4 1-213.5
advertising expenses
administrative expenses
(23.8%)
(24.0%)
Operating profit
316.4
377.0 +60.7
(10.2%)
(9.5%)
*2 Changes in non-operating gains or
losses
Non-operating gains or losses
11.1
-10.8*2-21.9
Inflation accounting
Ordinary profit
327.5
366.2
+38.7
-8.5
adjustments
(10.5%)
(9.2%)
Extraordinary gains or losses
0.6
7.1 *3 +6.6
Adjustments due to the application of inflation accounting in
Turkey.
Profit before income taxes
328.1
373.4
+45.3
(10.6%)
(9.4%)
Corporate taxes, etc.
102.8
107.9
-5.2
* 3 Changes in extraordinary gains or losses
Tax burden ratio
31.3%
28.9%
Profit attributable
7.6
7.7
-0.1
to non-controlling
interests
Loss (gain) on sale of
investment securities
Profit attributable
217.7
257.8
+40.0
Impairment loss
+10.3 (5.716.1)
-4.9 (-3.7
ā -8.6)
to owners of parent
(7.0%)
(6.5%)
( ) parentheses indicate percentage to net sales
Impairment loss: There was an impairment loss on some
intangible fixed assets for the AHT Group, a subsidiary
that manufactures and sells refrigerating and freezing
showcases. The business fell short of the business plan
formulated at the time of the acquisition.
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