Consolidated income statement

(million yen)

 FY2014FY2015FY2016
Net sales 26,820 26,266 26,674
Cost of sales 18,704 17,727 17,439
Gross profit 8,116 8,539 9,235
Selling and general administrative expenses 5,866 6,414 6,861
Operating income 2,250 2,125 2,374
Non-operating income 550 455 452
Non-operating cost 35 201

169

Ordinary income 2,765 2,378 2,658
Net income (or loss) before income taxes 2,765 2,378 2,658
Corporate, inhabitant and enterprise taxes 706 566 653
Corporate tax adjustments 143 56 90
Total corporate taxes 849 621 743
Income before adjustment of minority interest 1,916 1,757 1,915
Minority interest 277 231 314
Net income 1,639 1,526 1,600