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Financial Summary

Fiscal year 2021 summary

(Unit: millions of yen)
  Fiscal year 2021 Year-on-year
Net Sales180,218+2.6%
Operating Income5,463+14.6%
Ordinary Income5,179+15.1%
Net Income3,666+12.4%

During the fiscal year under review, Japan’s economy worsened rapidly due to the global spread of COVID-19. However, there were signs of a recovery in consumer spending and exports thanks to various effective policies and overseas economic improvements. However, these conditions still remain uncertain as Japan is not yet on track for a full-scale recovery due to the impacts of COVID-19 resurgence.

In the electronics industry, people working from home created solid demand during the first half of the fiscal year under review. Nevertheless, the production of electronic components and the like remained sluggish due to stagnant automobile production, etc. In the second half of the fiscal year under review, the production of these components and the like started to increase thanks mainly to recovering automobile production. But some businesses were affected by a short supply of semiconductors.

Under these circumstances, the Group focused on strengthening the ODM business (drive recorders, etc.), acquiring new customers, and expanding its products. As a result, net sales for the fiscal year under review increased by 2.6% from the previous fiscal year to 180,218 million yen.

Operating income increased by 14.6% from the previous year to 5,463 million yen. This was because gross profit improved in line with higher net sales while selling, general and administrative expenses decreased due to self-restraint exercised over business trips and other factors.

Ordinary income increased by 15.1% from the same period of the previous fiscal year to 5,179 million yen, due to a increase in operating income.

Net income increased by 12.4% from the same period of the previous fiscal year to 3,666 million yen, due to a increase in ordinary income.



Fiscal year 2021 segment summary

(Unit: millions of yen)
Japan China Other Asia countries Europe and America
Net Sales103,63436,77631,4578,350
Operating Income2,4701,424854261

<Japan>

Although net sales of smartphone-related materials and automotive-related materials decreased, net sales of after-market products such as drive recorders increased. As a result, net sales increased by 5.5% from the same period of the previous fiscal year to 103,634 million yen. Operating income increased by 13.9% from the same period of the previous fiscal year to 2,470 million yen.

         

<China>

Although net sales of OA equipment-related materials decreased, net sales of game console-related materials increased. As a result, net sales increased by 11.2% from the same period of the previous fiscal year to 36,776 million yen. Operating income increased by 72.1% from the same period of the previous fiscal year to 1,424 million yen.


<Other Asian countries>

Net sales decreased by 8.4% from the same period of the previous fiscal year to 31,457million yen, due to a decrease in the sales of TV-related materials and medical equipment-related materials. Operating income decreased by 21.5% from the same period of the previous fiscal year to 854 million yen.


<Europe and America>

Net sales decreased by 17.0% from the same period of the previous fiscal year to 8,350 million yen, due to a decrease in the sales of automotive-related materials. Operating income decreased by 26.4% from the same period of the previous fiscal year to 261 million yen.

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