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Financial Summary

The second quarter of fiscal year 2021 summary

(Unit: millions of yen)
  Fiscal year 2021
second quarter
Year-on-year
Net Sales85,164▲3.3%
Operating Income2,152▲7.5%
Ordinary Income2,033▲10.1%
Net Income1,409▲15.7%

During the second quarter of the fiscal year under review, the outlook for the Japanese economy remained uncertain due to the impact of the new coronavirus (COVID-19), although the declaration of a state of emergency was lifted and economic activities are being resumed.

In the electronics industry, supply chains were gradually normalized as economic activities resumed in each country. And although there was a recovery trend in demand for electronic components and other components, their production was sluggish, still below the levels seen before the spread of COVID-19.

Under these circumstances, the Group focused on sales activities of drive recorders in response to rising demand for safety measures. However, net sales for the second quarter of the fiscal year under review were down 3.3% from the same period of the previous fiscal year to 85,164 million yen. This was mainly due to the impact of the stagnant production activities in the automotive market as a result of COVID-19.

Operating income decreased by 7.5% from the same period of the previous fiscal year to 2,152 million yen, due to a decrease in gross profit resulting from lower net sales.



The second quarter of fiscal year 2021 segment summary

(Unit: millions of yen)
Japan China Other Asia countries Europe and America
Net Sales50,37416,88414,1953,710
Operating Income816647372119

<Japan>

Although sales of automotive-related materials decreased, sales of after-market products such as drive recorders increased. As a result, net sales increased by 9.4% from the same period of the previous fiscal year to 50,374 million yen. Operating income decreased by 8.1% from the same period of the previous fiscal year to 816 million yen.

         

<China>

Net sales decreased by 6.1% from the same period of the previous fiscal year to 16,884 million yen, due to a decrease in the sales of OA equipment-related materials. Operating income increased by 14.0% from the same period of the previous fiscal year to 647 million yen.


<Other Asian countries>

Net sales decreased by 17.0% from the same period of the previous fiscal year to 14,195 million yen, due to a decrease in the sales of TV-related materials. Operating income decreased by 35.2% from the same period of the previous fiscal year to 372 million yen.


<Europe and America>

Net sales decreased by 46.6% from the same period of the previous fiscal year to 3,710 million yen, due to a decrease in the sales of TV-related materials. Operating income decreased by 35.5% from the same period of the previous fiscal year to 119 million yen.

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