Financial Highlights

Management Indicators

December 31 2019 December 31 2020 December 31 2021 December 31 2022 December 31 2023
Net Sales JPY thousand 8,943,032 11,014,036 11,879,940 10,531,259 10,903,608
Operating Profit JPY thousand 783,867 927,246 888,710 732,303 △340,988
Ordinary Profit JPY thousand 835,768 983,746 968,287 767,173 △246,730
Profit attributable
to Owners of the Parent JPY thousand		 542,746 829,917 715,415 486,951 △628,787
Capital stock JPY thousand 159,677 262,224 262,224 262,224 262,224
Total number of issued shares shares 5,434,600 5,434,600 5,468,700 5,468,700 5,468,700
Net Asset JPY thousand 1,769,892 2,544,405 2,953,237 2,689,052 1,811,168
Total Asset JPY thousand 6,371,807 8,211,659 8,870,222 11,435,946 10,874,988
Net assets per share JPY 329.88 476.66 549.33 509.58 343.22
Dividends per Shrare JPY 65.00 81.00 68.00 50.00 0.00
Basic earnings per share JPY 104.11 159.07 135.22 96.37 △119.16
Diluted earnings per share JPY 103.24 157.86 134.47 - -
Equity ratio ％ 27.0 30.6 32.9 23.5 16.7
ROE ％ 31.6 39.2 26.3 18.2 △27.9
Payout ratio ％ 62.4 50.9 50.3 51.9 －
Cash flows
from operating activitiesJPY thousand		 698,304 1,253,362 669,077 △213,395 1,779,203
Cash flows
from investing activitiesJPY thousand		 △452,662 △5,646 △278,351 △510,150 △325,626
Cash flows
from financing activitiesJPY thousand		 △494,372 △78,821 △392,520 712,280 △702,634
Cash and cash equivalents
at end of periodJPY thousand		 2,453,562 3,622,457 3,620,663 3,609,397 4,360,340
Employee
(excluding average number
of part-time employees） Persons		 327 (75) 355 (87) 367 (95) 372 (103) 359 (83)

*On April 1, 2019, the Company executed a 2-for-1 split of its ordinary shares. The total issued shares, net assets per share, dividends per share, and net income per share have been recalculated as if this share split had been performed at the start of the fiscal year ending December 31, 2018.

*The non-consolidated financial statements for the fiscal years ending December 31, 2017, and 2018 were prepared following the merger with our consolidated subsidiary, GMO Pepabo OC Ltd., on January 1, 2017. Moreover, after incorporating GMO Creators Network Inc. as a consolidated subsidiary on February 6, 2019, consolidated financial statements have been compiled starting from the fiscal year ending December 31, 2019.

*Due to the adoption of the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, dated March 31, 2020) and other related standards from the fiscal year ending December 31, 2022, there are discrepancies in reported revenue.

*The forecasts include information about expected dividends and the payout ratio.