11. Provide a Market Share Ratio Analysis based on Dividends paid to net assets, PER and PBR.

2017 59,126 -4,767 38,334 54,359 199,208 2018 26,487 -20.422 -28,789 6,065 176,566 2019 14,876 -22.113 -20,668 -7,237 148,064 2020 38,537 -15,464 -10.956 23,073 158,617 2021 -6,384 35,473 31,492 24.089 154,540 27,063 20,561 67102 24,196 19.180 62087 34,424 18,819 66.681 22,896 17,193 76.535 14,504 14,508 61.969 Cash Flows Information Operating activities CF millions of yen Investing activities CF millions of yen Financing activities CF millions of yen Free CF millions of yen Cash and cash equivalents at the year millions of you end Capital cxpenditures millions of yen Depreciation and amortization millions of yen R&D expenses millions of yen Selected Financial Data Total assets millions of yen Net assets millions of yen Shareholders' equity millions of yen Inventories millions of yen Caoital expenditures millions of yen Deoreciation and amortization millions of yen R&D expenses millions of ven Total asset turnover times Inventory turnover times Employee Number of employees employees Sales per employee millions of yen Others ROE % ROA % PER times PBR times 2017 521.599 311.497 307.764 27.440 27,063 20.561 67,102 0.7 7.7 2018 473.467 310.456 307.951 40.573 24,176 19.135 62,087 5.7 8.5 2019 464.654 305,337 302.648 50.020 34,224 18.819 66,681 0.7 6.6 2020 458.268 296.858 294,102 47.007 22,896 17.193 76,535 0.8 7.8 2021 421.599 291.256 295.759 52.911 14,504 14.508 61.969 0.6 5.2 7.639 48.0 7.726 41.9 7.993 41.5 8.798 41.7 7.535 36.9 4.6 3.0 9.2 5.2 12.7 2.1 2.9 1.6 44.2 1.3 0.9 0.6 115.9 1.0 0.4 0.3 318.6 22.4 1.1 Per Share Data Net income per share Net Income per share (Diluted) Net assets oer share Cash dividends per share Stock price Others D vidends paid to net assets PER PBR yen yen yer yen yen 2017 117.79 117.40 1,313.06 40.00 1,492 2018 38.15 38.04 1,313.95 40.00 1.685 2019 11.27 11.24 1,289.32 20.00 1,306 2020 58.65 58.63 1,251.02 40.00 1.315 2021 5.42 N/A 1,236.82 30.00 1.727 % times times 3.1 12.7 1.1 3.0 44.2 1.3 3.7 115.9 1.0 3.1 22,4 1.1 2,4 318.6 1.4 2017 59,126 -4,767 38,334 54,359 199,208 2018 26,487 -20.422 -28,789 6,065 176,566 2019 14,876 -22.113 -20,668 -7,237 148,064 2020 38,537 -15,464 -10.956 23,073 158,617 2021 -6,384 35,473 31,492 24.089 154,540 27,063 20,561 67102 24,196 19.180 62087 34,424 18,819 66.681 22,896 17,193 76.535 14,504 14,508 61.969 Cash Flows Information Operating activities CF millions of yen Investing activities CF millions of yen Financing activities CF millions of yen Free CF millions of yen Cash and cash equivalents at the year millions of you end Capital cxpenditures millions of yen Depreciation and amortization millions of yen R&D expenses millions of yen Selected Financial Data Total assets millions of yen Net assets millions of yen Shareholders' equity millions of yen Inventories millions of yen Caoital expenditures millions of yen Deoreciation and amortization millions of yen R&D expenses millions of ven Total asset turnover times Inventory turnover times Employee Number of employees employees Sales per employee millions of yen Others ROE % ROA % PER times PBR times 2017 521.599 311.497 307.764 27.440 27,063 20.561 67,102 0.7 7.7 2018 473.467 310.456 307.951 40.573 24,176 19.135 62,087 5.7 8.5 2019 464.654 305,337 302.648 50.020 34,224 18.819 66,681 0.7 6.6 2020 458.268 296.858 294,102 47.007 22,896 17.193 76,535 0.8 7.8 2021 421.599 291.256 295.759 52.911 14,504 14.508 61.969 0.6 5.2 7.639 48.0 7.726 41.9 7.993 41.5 8.798 41.7 7.535 36.9 4.6 3.0 9.2 5.2 12.7 2.1 2.9 1.6 44.2 1.3 0.9 0.6 115.9 1.0 0.4 0.3 318.6 22.4 1.1 Per Share Data Net income per share Net Income per share (Diluted) Net assets oer share Cash dividends per share Stock price Others D vidends paid to net assets PER PBR yen yen yer yen yen 2017 117.79 117.40 1,313.06 40.00 1,492 2018 38.15 38.04 1,313.95 40.00 1.685 2019 11.27 11.24 1,289.32 20.00 1,306 2020 58.65 58.63 1,251.02 40.00 1.315 2021 5.42 N/A 1,236.82 30.00 1.727 % times times 3.1 12.7 1.1 3.0 44.2 1.3 3.7 115.9 1.0 3.1 22,4 1.1 2,4 318.6 1.4