Integrated Report 2019

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Overview10LINTEC INTEGRATED REPORT 2019¥250.9  billionPerformance HighlightsFigures are for LINTEC Corporation and consolidated its subsidiaries (environment-related data is for LINTEC Corporation on a non-consolidated basis). Fiscal years are for periods ended March 31.Operating Income / Operating Profit Margin¥¥2520151050151296307.218.020152016201720182019¥ Billion% Operating Income Operating Profit Margin (right) Profit Attributable to Owners of Parent ROE (right) Total Assets Net Assets Net Income per Share Cash Dividends per Share (right)Net Sales30024018012060020152016201720182019250.9¥ BillionOperating Income¥18.0 billionProfit Attributable to Owners of Parent¥12.9 billionNet Cash Provided by Operating Activities¥22.9 billionNet Cash Used in Investing Activities¥(10.3) billionNet Cash Used in Financing Activities¥(8.2) billionTotal Assets¥290.3 billionNet Income per Share¥179.24 Operating Profit Margin7.2 %ROE6.9 %Net Assets¥190.2 billionCash Dividends per Share¥78 06012018024030020152016201720182019290.3190.2 Net Cash Provided by Operating Activities Net Cash Used in Investing Activities Net Cash Provided by (Used in) Financing Activities–60–40–200204020152016201720182019(8.2)22.9(10.3)Cash Flows200160120804000204060801002015201620172018201978179.24Net Income per Share / Cash Dividends per ShareProfit Attributable to Owners of Parent / Return on Equity (ROE)Total Assets / Net Assets151296302015201620172018201910864206.912.9¥ Billion%¥ Billion¥ BillionFinancial InformationNon-consolidated sales quantity declined and the sales mix deteriorated. In addition, prices of raw materials and fuel, cen-tered on pulp, increased. As a result, operating income declined and the operating profit margin worsened.Net sales reached a record high, due primarily to increased sales in Industrial & Material Operations and Advanced Materials Operations.In accordance with our basic policy of providing stable, continuous dividends, accompanying an increase in net income per share, the per-share dividend was a record high of ¥78. The dividend payout ratio was 43.5%.In the previous fiscal year, we recorded impairment loss of good-will and provision for business structure improvement as extraor-dinary losses. As a result, profit attributable to owners of parent increased and ROE improved.Cash flows from operating activities were positive, while cash flows from investing activities were negative due to purchase of property, plant and equipment, etc. Cash flows from financing activities were negative due to the payment of dividends, etc.Total assets decreased due to a decline in goodwill, etc., but net assets increased as a result of higher retained earnings and other factors. The equity ratio was 65.3%.