Key Performance and Financial Indicators

Profitability

	2022/3	2023/3	2024/3	2025/3	2026/3
Ratio of Operating Income to Net Sales (%)	△7.20	△1.70	△1.54	△0.22	1.14
Ratio of Ordinary Income to Net Sales (%)	△6.56	△1.34	△1.17	△0.81	0.54
Net Income Margin (%)	△14.40	23.95	1.01	△8.68	5.82

Financial Stability

	2022/3	2023/3	2024/3	2025/3	2026/3
Equity Ratio (%)	21.61	34.41	33.71	30.49	27.26
Current Ratio (%)	104.36	138.78	126.09	141.58	111.16
Interest Coverage Ratio (Times)	-2.4	0.1	-8.6	1.7	1.2

Note: Interest Coverage Ratio = Cash Flows from Operating Activities / Interest Paid

Efficiency

	2022/3	2023/3	2024/3	2025/3	2026/3
Total Asset Turnover (Times)	0.73	0.79	0.71	0.73	0.87
Equity Turnover (Times)	3.00	2.75	2.09	2.27	3.03
Fixed Asset Turnover (Times)	1.44	1.81	1.48	1.39	1.94

Note: Total Assets, Shareholders' Equity and Fixed Assets are calculated from the averages of the beginning and the end of the period.

Productivity

	2022/3	2023/3	2024/3	2025/3	2026/3
Net Sales per Employee (Thousands of Yen)	29,071	35,206	40,676	47,682	50,508
Net Income per Employee (Thousands of Yen)	△4,187	8,430	412	△4,138	2,942
Number of Employees (Persons)	827	776	635	565	722

Note: Net Sales per Employee and Net Income per Employee are calculated based on the average number of employees during the period.

Cash Flows

	2022/3	2023/3	2024/3	2025/3	2026/3
Cash Flows from Operating Activities (Millions of Yen)	△481	19	△1,876	500	423
Depreciation Expense (Millions of Yen)	1,138	1,110	1,059	1,152	809
Capital Expenditure (Millions of Yen)	792	710	10,568	838	612

Investment Metrics

	2022/3	2023/3	2024/3	2025/3	2026/3
Return on Equity [ROE] (%)	△43.2	65.8	2.1	△19.7	17.6
Return on Assets[ROA] (%)	△4.8	△1.1	△0.8	△0.6	0.5

Note: Total Assets and Shareholders' Equity are calculated from the averages of the beginning and the end of the period.