Consolidated Statement of Income

(Unit: millions of yen)

	2021/3	2022/3
Net sales	68,213	77,549
Cost of sales	56,426	64,599
Gross profit	11,787	12,950
Selling, general and administrative expenses	9,188	10,863
Operating profit	2,599	2,087
Non-operating income
Interest income	3	3
Dividend income	0	0
Share of profit of entities accounted for using equity method	7	22
Subsidy income	399	244
Rental income from buildings	40	40
Other	35	33
Total non-operating income	487	343
Non-operating expenses
Interest expenses	11	1
Rental expenses	26	17
Loss on cancellation of rental contracts	27	-
Other	71	42
Total non-operating expenses	136	60
Ordinary profit	2,949	2,369
Extraordinary losses
Loss on valuation of investment securities	296	-
Retirement benefits for directors (and other officers)	50	-
Loss on sale of non-current assets	18	38
Loss on retirement of non-current assets	32	-
Impairment losses	51	-
Total extraordinary losses	449	38
Profit before income taxes	2,500	2,331
Income taxes - current	943	753
Income taxes - deferred	(35)	(118)
Total income taxes	907	635
Profit	1,592	1,696
Profit attributable to non-controlling interests	-	-
Profit attributable to owners of parent	1,592	1,696