Financial Highlights

Millions of yenThousands of U.S. dollars (Note)
Millions of yen2013.32014.32014.12*2015.122016.122016.12
For the Year:
Net sales ¥125,002 ¥125,823 ¥91,398 ¥134,309 ¥150,406 $1,291,149
Operating income 15,209 9,842 6,577 19,335 38,496 330,466
Net income 11,164 7,235 5,300 14,834 28,065 240,922
Research and development expenses 30,428 35,273 26,785 34,250 31,911 273,946
R&D ratio to net sales (%) 24.3% 28.0% 29.3% 25.5% 21.2% 21.2%
Total assets ¥363,641 ¥360,756 ¥363,405 ¥381,453 ¥398,603 $3,421,779
Net assets 330,764 332,766 332,507 346,176 366,311 3,144,570
Employees 2,521 2,527 2,554 2,477 2,436 2,436

Note. U.S. dollar amounts are translated from yen, for convenience only, at the rate of ¥116.49=US$1, the approximate exchange rate at December 31, 2016
*Due to a change in the fiscal year end from March 31 to December 31, the fiscal year 2014 is the nine-month period from April through December.