Consolidated Statement of Income

 
[Unit: Million yen]
FY2017 FY2018 FY2019 FY2020 FY2021
Net sales 1,574,242 1,594,743 1,641,335 1,488,486

1,500,879

Cost of sales 1,319,715 1,326,668 1,370,809 1,297,324

1,244,300

Gross profit 254,527 268,075 270,526 191,162

256,578

Selling, general and administrative expenses
Salaries and allowances 52,502 54,952 56,651 56,970

59,872

Research and development expenses 45,434 48,734 52,608 44,949 47,098
Advertising expenses 11,953 11,158 12,473 9,175 10,708
Other 88,712 89,206 86,729 85,372 93,092
Total selling, general and administrative expenses 198,602 204,052 208,463 196,468 210,772
Operating profit 55,925 64,023 62,063 (5,305) 45,805
Non-operating income
Interest income 720 909 695 677 1,106
Dividend income 291 294 288 2,161 865
Foreing exchange gain - - - 4,074 -
Share of profit of entities accounted for using equity method 4,492 1,574 1,255 411 569
Reversal of the provision for the in-service issues of commercial aircraft - - - 3,306 -
Other 3,626 3,918 7,446 4,587 6,801
Total non-operating income 9,131 6,696 9,686 15,218 9,342
Non-operating expenses
Interest expenses 2,794 3,427 3,615 3,790 3,398
Foreign exchange losses 7,017 4,721 8,479 - -
Share of loss of entities accounted for using equity method - - - - 14,412
Payments for the in-service issues of commercial aircraft jet engines - 14,851 11,500 - -
Payments for contract adjustments for commercial aircraft jet engines 2,505 - - - -
Other 9,513 9,857 7,725 8,977 7,402
Total non-operating expenses 21,830 32,858 31,319 12,768 25,213
Ordinary profit 43,225 37,861 40,429 (2,855) 29,934
Extraordinary income
Gain on sales of non-current assets 2,606 - 1,277 3,236 1,633
Gain on sales of shares of subsidiaries and affiliates - - - 1,581 -
Gain on transfer of business - - - - -
Gain on contribution of securities to retirement benefit trust - - - - -
Gain on transfer of benefit obligation relating to employees' pension fund - - - - -
Total extraordinary income 2,606 - 1,277 4,817 1,633
Extraordinary losses
Loss on overseas business - - - - -
Loss from termination of a shipbuilding contract for an offshore service vessel 12,833 - - - -
Loss on impairment of fixed assets - - - 15,205 715
Loss on devaluation of stocks of subsidiaries and affiliates - - - 1,444 -
Loss on disaster - - - - -
Loss on environmental measures - - - - -
Loss on business withdrawal - - 2,383 - -
Total extraordinary losses 12,833 - 2,383 16,649 715
Profit before income taxes 32,999 37,861 39,323 (14,688) 30,853
Income taxes—current 11,634 16,704 10,546 10,506 15,053
Income taxes—deferred (9,982) (8,681) 8,500 (7,707) (8,185)
Total income taxes 1,652 8,022 19,046 2,798 6,867
Profit 31,347 29,838 20,276 (17,486) 23,985
Profit attributable to non-controlling interests 2,431 2,385 1,614 1,846 2,183
Profit attributable to owners of parent 28,915 27,453 18,662 (19,332) 21,801

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