Financial Summary
Latest Business Results
Fiscal year 2023 summary
Fiscal year 2023 | Year-on-year | |
---|---|---|
Net Sales | 239,774 | +19.5% |
Operating Income | 12,052 | +44.4% |
Ordinary Income | 11,130 | +41.5% |
Net Income | 7,696 | +43.2% |
During the fiscal year under review, despite the impact of the rapid depreciation of the yen, etc., the Japanese economy maintained a moderate recovery trend since the normalization of economic activities progressed and personal consumption and employment started picking up. When it comes to the global economy, the outlook remained uncertain due to the protracted conflict in Ukraine, a delayed stabilization of global inflation and other factors.
In the electronics industry, although production of electronic parts slowed slightly in the second half due to the impact of an imbalance in supply and demand in some businesses, the market size continued to expand, supported by demand in various sectors, such as from the increasing electrification of automobiles, data centers-related demand and industrial equipment demand.
Under these circumstances, the Group focused on selling automotive-related materials.
As a result, net sales for the fiscal year under review increased by 19.5% from the previous fiscal year to 239,774 million yen.
Operating income increased by 44.4% from the previous fiscal year to 12,052 million yen, due to an increase in gross profit.
Ordinary income increased by 41.5% from the previous fiscal year to 11,130 million yen, due to an increase in operating income.
Net income increased by 43.2% from the previous fiscal year to 7,696 million yen, due to an increase in ordinary income.
Because of the increased revenue due to the effect of the weaker yen as well as the improved profit ratio, profit at each level achieved record high for two consecutive years.
Fiscal year 2023 segment summary
Japan | China | Other Asian countries | Europe and America | |
---|---|---|---|---|
Net Sales | 133,354 | 54,058 | 34,672 | 17,689 |
Operating Income | 4,900 | 3,871 | 1,628 | 558 |
<Japan>
Net sales increased by 22.2% from the previous fiscal year to 133,354 million yen, due to an increase in the sales of automotive-related materials. Operating income increased by 20.7% from the previous fiscal year to 4,900 million yen.
<China>
Net sales increased by 7.6% from the previous fiscal year to 54,058 million yen due to an increase in the sales of game console-related materials. Operating income increased by 90.3% from the previous fiscal year to 3,871 million yen.
<Other Asian countries>
Net sales increased by 7.9% from the previous fiscal year to 34,672 million yen due to an increase in the sales of electronic parts-related materials. Operating income increased by 6.2% from the previous fiscal year to 1,628 million yen.
<Europe and America>
Net sales increased by 93.5% from the previous fiscal year to 17,689 million yen, due to an increase in the sales of automotive-related materials. Operating income increased by 298.5% from the previous fiscal year to 558 million yen.