Presentation of Financial Results for FY2021
Profit and Loss Statement
FY2020
FY2021
(billion yen)
Net sales
Impact
on profitability
103
125
2,493.4
3,109.1
+615.7
Cost of sales
1,629.3
2,051.8
-422.5
* 1 Changes in selling, general and
administrative expense
(65.3%)
(66.0%)
Gross profit
864.1
1,057.3
+193.2
Product shipping costs
-13.9
(34.7%)
(34.0%)
R&D expense
-10.9
Selling general and
625.5
741.0 1-115.5
Sales promotion/
-9.5
administrative expenses
advertising expenses
(25.1%)
(23.8%)
Operating profit
238.6
316.4
+77.7
(9.6%)
(10.2%)
Non-operating gains or losses
1.6
11.1 X2 +9.5
×2 Changes in non-operating gains or
losses
Ordinary profit
240.2
327.5
+87.2
Exchange gain or loss
+3.9 (0.5-4.5)
(9.6%)
(10.5%)
Extraordinary gains or losses
-1.7
0.6 *3 +2.3
Profit before income taxes
238.5
328.1
+89.5
(9.6%)
(10.6%)
Corporate taxes,etc.
75.8
102.8
-27.0
Tax burden ratio
31.8%
31.3%
Profit attributable
6.5
7.6
-1.1
to non-controlling interests
Profit attributable
156.2
217.7
+61.5
to owners of parent
(6.3%)
(7.0%)
( ) parentheses indicate percentage to net sales
Interest income
Share of profit
of entities accounted for -1.4 (0-1.4)
using equity method
X3 Changes in extraordinary gains or
losses
Securities valuation loss +5.4 (0.3-5.7)
Impairment loss
-3.4 (-0.2-3.7)
Impairment loss: This is an impairment of intangible fixed
assets resulting from the Zanotti Group, a Daikin subsidiary
for the manufacture and sale of commercial-use refrigerators
and freezers, failing to perform to the level of the business
plan formulated at the time of its acquisition
+1.7 (6.5-8.2)
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