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Financial Summary

The second quarter of fiscal year 2023 summary

(Unit: millions of yen)
  Fiscal year 2023
second quarter
Year-on-year
Net Sales123,167+34.4%
Operating Income6,628+90.4%
Ordinary Income6,122+79.6%
Net Income4,164+73.7%

During the second quarter of 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 severe conditions caused by COVID-19 began easing 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 further increase in global inflation pressures and other factors.

In the electronics industry, although China’s zero-COVID policy affected and delayed production activities, the production of electronic parts steadily increased supported by demand in various sectors, such as from the increasing electrification of automobiles, 5G-related demand and industrial equipment demand.

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

As a result, net sales for the second quarter of the fiscal year under review increased by 34.4% from the same period of the previous fiscal year to 123,167 million yen.

Operating income increased by 90.4% from the same period of the previous fiscal year to 6,628 million yen, due to an increase in gross profit.

Ordinary Income increased by 79.6% from the same period of the previous fiscal year to 6,122 million yen, due to an increase in operating income.

Net income increased by 73.7% from the same period of the previous fiscal year to 4,164 million yen, due to an increase in ordinary profit.

Because of the increased revenue due to the effect of the weaker yen as well as the improved profit ratio, the business performance in the second quarter of the fiscal year recorded a historical high for both.



The second quarter of fiscal year 2023 segment summary

(Unit: millions of yen)
Japan China Other Asian countries Europe and America
Net Sales65,80029,80119,3618,204
Operating Income3,0381,807885236

<Japan>

Net sales increased by 36.3% from the same period of the previous fiscal year to 65,800 million yen, due to an increase in the sales of automotive-related materials. Operating income increased by 72.8% from the same period of the previous fiscal year to 3,038million yen.

         

<China>

Net sales increased by 22.9% from the same period of the previous fiscal year to 29,801 million yen due to an increase in the sales of various display-related materials and game console-related materials. Operating income increased by 114.3% from the same period of the previous fiscal year to 1,807 million yen.


<Other Asian countries>

Net sales increased by 29.2% from the same period of the previous fiscal year to 19,361 million yen due to an increase in the sales of electronic parts-related materials. Operating income increased by 17.8% from the same period of the previous fiscal year to 885 million yen.


<Europe and America>

Net sales increased by 98.6% from the same period of the previous fiscal year to 8,204 million yen, due to an increase in the sales of automotive-related materials. Operating income increased by 601.2% from the same period of the previous fiscal year to 236 million yen.

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