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IFRS

  2017 2018 2019
Revenue 5,816 6,462 7,403
Core operating profit 547 600 658
Operating profit 537 599 668
Profit attributable to owners of parent 347 489(*2) 412
Capital expenditures (construction base) 438 626 766
Investment and loans 1,020 46 6,911
Depreciation and amortization 400 433 561
Research and development expenses 33 30 34
Interest-bearing debt 3,595 3,270 10,054
Net interest-bearing debt (*1) 3,043 2,750 9,411
Total equity attributable to owners of parent(equity) 3,516 3,865 4,066
Total assets 9,243 9,310 17,710
Revenue core operating profit 9.4% 9.3% 8.9%
ROE 10.3% 13.3%(*2) 10.4%
ROCE 8.4% 8.4%(*2) 6.2%
Net D/E ratio 0.87 0.71 1.54(*3)
Basic earnings per share 80.28 113.04(*2) 95.42

*1 Net interest-bearing liabilities: interest-bearing liabilities - cash and cash equivalents
Under IFRS, time deposits with maturities longer than three months are not included in cash and cash equivalents. However, these time deposits are reflected in the calculation of net interest-bearing liabilities disclosed by the Company.

*2 The FYE2018 results without the effects of the significant decrease in income taxes due to the reduction of the federal corporate income tax rate under the U.S. Tax Cuts and Jobs Act are "Profit attributable to owners of parent: 36.7 billion yen", "Basic earnings per share: 84.87 yen", "ROE: 10.1%", and "ROCE: 8.5%".

*3 Adjusted net D/E ratio: (Net interest-bearing debt – equity-type debt) / (equity attributable to owners of parent + equity-type debt)
- Equity-type debt: The amount of debt procured by hybrid finance that has been recognized as equity credit by rating agencies.
- Hybrid finance: A form of debt financing that has features resembling equity, such as voluntary deferral of interest, extremely long-term redemption periods and subordination during liquidation or bankruptcy procedures.

Japanese GAAP

  2011 2012 2013 2014 2015 2016
Sales 4,836 4,775 4,684 5,227 5,594 6,415
Operating profit 355 311 249 315 353 434
Net income attributable to owners of parent 127 212 -21 202 208 258
Capital expenditures (construction base) 320 315 317 325 352 536
Investment and loans 152 80 57 357 57 329
Depreciation and amortization 322 305 294 335 356 449
Amortization of goodwill 36 25 27 37 50 74
Research and development expenses 39 35 32 32 34 33
Interest-bearing debt 2,564 2,411 2,534 2,781 2,663 2,744
Net interest-bearing debt 2,118 2,065 2,287 2,197 2,129 2,236
Net assets 2,074 2,196 2,243 2,985 3,412 3,380
Total assets 6,177 6,070 6,158 7,317 7,824 7,832
Operating income margin 7.3% 6.5% 5.3% 6.0% 6.3% 6.8%
ROE 6.5% 10.8% -1.0% 8.4% 7.0% 8.2%
ROCE 7.8% 7.0% 5.5% 6.2% 6.2% 7.4%
Net D/E ratio 1.10 1.03 1.12 0.80 0.67 0.71
Earnings per share 31.86 53.33 -5.25 49.42 47.98 59.72