Financial Statements

Balance Sheet

*As of January 31
Unit: ¥ million

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		(Non-consolidated) FY2022 (Reporting Period60)	(Non-consolidated) FY2023 (Reporting Period61)	(Non-consolidated) FY2024 (Reporting Period62)	(Non-consolidated) FY2025 (Reporting Period63)	(Consolidated) FY2026 (Reporting Period64)
Assets
Current assets		4,615	5,161	5,600	6,130	6,654
Non-current assets		473	511	513	556	2,403
	Property, plant and equipment	82	80	69	78	93
	Intangible assets	37	27	24	20	1,642
	Investments and other assets	353	404	419	457	666
Total assets		5,088	5,673	6,114	6,687	9,058
Liabilities
Current liabilities		927	953	1,151	1,262	1,873
Non-current liabilities		579	671	691	716	1,961
Total liabilities		1,506	1,625	1,842	1,979	3,835
Net assets
Shareholders’ equity		3,577	4,042	4,270	4,707	5,073
	Share capital	238	238	238	238	238
	Capital surplus	168	168	168	168	168
	Retained earnings	3,171	3,636	3,864	4,301	4,667
	Treasury shares	(0)	(0)	(0)	(0)	(1)
Valuation and translation adjustments		4	5	0	0	0
	Valuation difference on available-for-sale securities	4	5	0	0	0
Total net assets		3,582	4,047	4,271	4,708	5,223
Total liabilities and net assets		5,088	5,673	6,114	6,687	9,058

*Fiscal year ended January 31
Unit: ¥ million

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	(Non-consolidated) FY2022 (Reporting Period60)	(Non-consolidated) FY2023 (Reporting Period61)	(Non-consolidated) FY2024 (Reporting Period62)	(Non-consolidated) FY2025 (Reporting Period63)	(Consolidated) FY2026 (Reporting Period64)
Net sales	8,102	9,242	10,110	11,125	12,046
Cost of sales	5,302	6,168	6,571	7,013	7,473
Gross profit	2,800	3,073	3,539	4,112	4,573
Selling, general and administrative expenses	1,789	1,879	2,016	2,302	2,751
Operating profit	1,010	1,194	1,522	1,810	1,821
Non-operating income	24	10	10	13	5
Non-operating expenses	2	1	1	1	3
Ordinary profit	1,032	1,203	1,532	1,821	1,823
Extraordinary profit	25	–	7	6	0
Extraordinary losses	0	0	13	ー	3
Profit before income taxes	1,057	1,203	1,527	1,828	1,820
Income taxes – current	368	348	496	588	571
Income taxes – deferred	(39)	(40)	(21)	(21)	(9)
Profit	728	895	1,051	1,260	1,258

*Fiscal year ended January 31
Unit: ¥ million

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	(Non-consolidated) FY2022 (Reporting Period60)	(Non-consolidated) FY2023 (Reporting Period61)	(Non-consolidated) FY2024 (Reporting Period62)	(Non-consolidated) FY2025 (Reporting Period63)	(Consolidated) FY2026 (Reporting Period64)
Cash flows from operating activities	770	872	1,126	1,180	1,415
Cash flows from investing activities	33	(24)	(5)	(49)	(1,389)
Cash flows from financing activities	(270)	(426)	(818)	(819)	110
Net increase (decrease) in cash and cash equivalents	534	421	301	311	136
Cash and cash equivalents at beginning of period	3,019	3,554	3,975	4,277	4,588
Cash and cash equivalents at end of period	3,554	3,975	4,277	4,588	4,725