Consolidated Statements of Income

Consolidated Statements of Income

(unit: million yen)

For the years ended March 31 2016 2017 2018 2019 2020
Net sales 1,884,656 1,587,085 1,777,344 1,962,308 1,925,235
Cost of sales 1,239,020 1,051,885 1,203,991 1,407,345 1,343,965
Gross profit 645,636 535,200 573,353 554,963 581,269
Selling, general and administative expenses 453,627 476,834 457,050 461,258 479,761
Supply and sales expenses 385,572 410,125 392,680 392,466 408,857
General and administrative expenses 68,054 66,708 64,370 68,791 70,903
Operating profit 192,008 58,365 116,302 93,704 101,508
Non-operating income 15,570 14,293 13,057 13,771 20,429
Interest income 615 901 1,158 1,612 2,330
Dividends income 1,878 2,178 2,967 2,812 5,433
Rent income 2,177 1,740 1,637 1,668 -
Share of profit of entities accounted for using equity method 2,122 3,583 2,493 2,794 5,211
Foreign exchange gains 1,733 - - - -
Miscellaneous income 7,043 5,889 4,800 4,883 7,453
Non-Operating expenses 18,769 16,971 17,813 18,089 19,202
Interest expenses 12,158 11,514 11,619 11,091 11,412
Environmental maintenance expenses - - - - -
Miscellaneous expenses 6,610 5,457 6,193 6,997 7,789
Ordinary profit 188,809 55,688 111,546 89,386 102,735
Extraordinary income - 15,730 6,452 35,727 11,627
Extraordinary loss 33,040 2,408 3,213 7,865 46,796
Profit before income taxes 155,768 69,010 114,784 117,248 67,566
Income taxes current 43,782 25,271 31,527 26,113 31,196
Income taxes deferred -991 -10,305 7,957 6,823 -7,197
Profit (loss) attributable to non-controlling of interests 1,040 910 312 -244 184
Profit attributable owners of parent 111,936 53,134 74,987 84,555 43,382

* Some items in the accompanying financial statements have been summarized to preserve simplicity. Such changes are unaudited.