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Financial Summary

Fiscal year 2022 summary

(Unit: millions of yen)
  Fiscal year 2022 Year-on-year
Net Sales200,646+11.3%
Operating Income8,346+52.8%
Ordinary Profit7,867+51.9%
Net Income5,374+46.6%

During the fiscal year under review, Japan’s economy showed signs of recovery in capital investment and production although the difficult situation caused by COVID-19 remains. When it comes to the global economy, the outlook remained uncertain due to the situation in Ukraine and a further increase in global inflation pressures, etc.

In the electronics industry, the production of electronic parts increased thanks to recovering automobile demand and the expansion of demand in various business areas (e.g., demand for 5G-related and other industrial equipment), although some businesses were affected by a short supply of semiconductors, etc. and supply chain confusion that arose recently.

Under these circumstances, the Group focused on selling automotive-related materials.

As a result, net sales for the fiscal year under review increased by 11.3% from the previous fiscal year to 200,646 million yen.

Operating income increased by 52.8% from the previous fiscal year to 8,346 million yen, due to an increase in gross profit.

Ordinary profit increased by 51.9% from the previous fiscal year to 7,867 million yen, due to an increase in operating income.

Net income increased by 46.6% from the previous fiscal year to 5,374 million yen, due to an increase in ordinary profit.

The Group has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020) since the beginning of the fiscal year under review. The effect of this treatment for the fiscal year under review is a decrease of net sales by 10,467 million yen.



Fiscal year 2022 segment summary

(Unit: millions of yen)
Japan China Other Asian countries Europe and America
Net Sales109,11550,25332,1369,141
Operating Income4,0602,0341,534140

<Japan>

Net sales increased by 5.3% from the previous fiscal year to 109,115 million yen thanks to an increase in various automotive-related materials sales, even though they were negatively affected by the application of the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020), etc. since the beginning of the fiscal year under review. Operating income increased by 64.4% from the previous fiscal year to 4,060 million yen.

         

<China>

Net sales increased by 36.6% from the previous fiscal year to 50,253 million yen due to an increase in the sales of game console-related materials. Operating income increased by 42.8% from the previous fiscal year to 2,034 million yen.


<Other Asian countries>

Net sales increased by2.2% from the previous fiscal year to 32,136 million yen due to an increase in the sales of electronic parts-related materials. Operating income increased by79.6% from the previous fiscal year to 1,534 million yen.


<Europe and America>

Net sales increased by 9.5% from the previous fiscal year to 9,141 million yen, due to an increase in the sales of automotive-related materials. Operating income decreased by 46.4% from the previous fiscal year to 140 million yen, due to an increase in distribution cost, etc.

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