| 2022/3 | 2023/3 |
Net sales | 43,100,558 | 52,536,861 |
Cost of sales | 33,644,373 | 38,125,050 |
Gross profit | 9,456,185 | 14,411,811 |
Selling, general and administrative expenses | 5,032,339 | 6,802,405 |
Operating profit | 4,423,845 | 7,609,405 |
Non-operating income | | |
Interest income | 559 | 65 |
Dividend income | 1,079 | 1,273 |
Gain on sale of investment securities | 939 | - |
Subsidy income | 20,537 | 27,931 |
Settlement income | - | 13,271 |
Other | 1,091 | 1,315 |
Total non-operating income | 24,208 | 43,857 |
Non-operating expenses | | |
Interest expenses | 4,231 | 3,574 |
Miscellaneous losses | 2,179 | 3,000 |
Other | 531 | 944 |
Total non-operating expenses | 6,941 | 7,519 |
Ordinary profit | 4,441,111 | 7,645,743 |
Profit before income taxes | 4,441,111 | 7,645,743 |
Income taxes - current | 1,423,146 | 2,008,821 |
Income taxes - deferred | -110,579 | -89,366 |
Total income taxes | 1,312,567 | 1,919,455 |
Profit | 3,128,544 | 5,726,288 |
Profit attributable to non-controlling interests | 13,554 | 14,323 |
Profit attributable to owners of parent | 3,114,989 | 5,711,964 |