(million yen)
2019/11 2020/11 2021/11 2022/11 2023/11
Net Sales 55,53053,02757,22560,87462,368
Operating Profit 828598811822974
Ordinary Profit 9387219201,0051,172
Net Income 579728644641812
Total Assets 25,52325,39627,38128,69729,008
Net Assets 11,68611,98212,40012,81613,355

*Kitakei absorbed and merged with consolidated subsidiary Fukuzumi Corporation on August 21, 2021 and changed from consolidated to non-consolidated financial statements beginning with the fourth quarter of the fiscal year that ended in November 2021. As a result, comparisons are based on non-consolidated results.

*Effective from beginning of the fiscal year that ended in November 2019, Kitakei has applied the "Partial Amendments to Accounting Standard for Tax Effect Accounting"(Accounting Standards Board of Japan (ASBJ) Statement No. 28, February 16, 2018) and other related pronouncements. Figures as of November 20, 2018 have been adjusted retrospectively in accordance with these amendments.