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Financial Summary

The first quarter of fiscal year 2022 summary

(Unit: millions of yen)
  Fiscal year 2022 first quarter Year-on-year
Net Sales45,034+13.5%
Operating Income1,665+111.3%
Ordinary Income1,605+128.5%
Net Income1,148+139.2%

During the first quarter of the fiscal year under review, Japan’s economy showed signs of recovery as production activities picked up in the manufacturing sector thanks to increased exports, although consumer spending remained weak. When it comes to the global economy, the outlook still remained uncertain due to the economic gaps between developed countries with high vaccination rates and emerging countries facing slower vaccination and due to risks such as the further waves of infection caused by the emergence of novel coronavirus variants.

In the electronics industry, the production of electronic components and the like increased thanks to recovering automobile production and 5G-related demand expansion. But although some businesses were affected by a short supply of semiconductors.

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

As a result, net sales for the first quarter of the fiscal year under review increased by 13.5% from the same period of the previous fiscal year to 45,034 million yen.

Operating income increased by 111.3% from the same period of the previous fiscal year to 1,665 million yen, due to a increase in gross profit.

Ordinary income increased by 128.5% from the same period of the previous fiscal year to 1,605 million yen, due to a increase in operating income.

Net income increased by 139.2% from the same period of the previous fiscal year to 1,148 million yen, due to a increase in ordinary income.

The Group has applied the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020) since the beginning of the first quarter of the fiscal year under review. The effect of this treatment for the first quarter of the fiscal year under review is a decrease of net sales by 2,825 million yen.



The first quarter of fiscal year 2022 segment summary

(Unit: millions of yen)
Japan China Other Asia countries Europe and America
Net Sales24,17211,4137,5031,944
Operating Income88939232920

<Japan>

Net sales decreased by 1.3% from the same period of the previous fiscal year to 24,172 million yen, despite an increase in the sales of automotive-related materials. This was mainly because the Group started to apply the Accounting Standard for Revenue Recognition (ASBJ Statement No. 29, March 31, 2020) at the beginning of the first quarter of the fiscal year under review. Operating income increased by 172.5% from the same period of the previous fiscal year to 889 million yen.

         

<China>

Net sales increased by 58.1% from the same period of the previous fiscal year to 11,413 million yen due to increases in the sales of game console-related materials. Operating income increased by 65.3% from the same period of the previous fiscal year to 392 million yen.


<Other Asian countries>

Net sales increased by 15.1% from the same period of the previous fiscal year to 7,503 million yen due to increases in the sales of electronic components and automotive-related materials. Operating income increased by 206.5% from the same period of the previous fiscal year to 329 million yen.


<Europe and America>

Net sales increased by 35.1% from the same period of the previous fiscal year to 1,944 million yen, due to a decrease in the sales of automotive-related materials. Operating income decreased by 27.6% from the same period of the previous fiscal year to 20 million yen.

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