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Fiscal summary

During the first half of the fiscal year under review, the Japanese economy maintained a moderate recovery trend due to improvements in the employment and income situation, despite the impact of price increases. When it comes to the global economy, the outlook remained uncertain due to heightened geopolitical risks stemming from the protracted conflict in Ukraine and growing tensions in the Middle East, as well as the impact of fluctuations in financial and capital markets and other factors.
In the electronics industry, the production of electronic parts was strong due to greater demand for electrification of automobiles and the rapid spread of generative AI.
Under these circumstances, the Group focused on selling electronic parts-related materials. However, due to the impact of sluggish sales of aftermarket products including dashboard cameras, revenue for the first half of the fiscal year under review decreased 3.7% year on year to 98,360 million yen.
Operating profit was down 0.8% year on year to 4,996 million yen due to factors such as higher personnel expenses associated with an increased headcount though gross profit rose following a better profit margin.
Profit before tax fell 4.3% year on year to 4,433 million yen due to a decrease in operating profit as well as an increase in foreign exchange losses.
Profit attributable to owners of the parent dropped 7.2% year on year to 3,068 million yen due to a decrease in profit before tax.

Revenue

Operating Profit

Profit before tax

Profit

  FYE2021
JGAAP
FYE2022
JGAAP
FYE2023
IFRS
FYE2024
IFRS
FYE2025
IFRS
Revenue
(millions of yen)
FY 180,218 200,646 239,871 194,350  
3Q
Cumulative
131,689 145,459 184,905 149,910  
2Q
Cumulative
85,164 91,660 123,167 102,102 98,360
1Q 39,669 45,034 57,629 50,834 47,506
Operating profit
(millions of yen)
FY 5,463 8,346 11,478 9,052  
3Q
Cumulative
3,732 5,658 10,030 6,565  
2Q
Cumulative
2,152 3,481 6,628 5,034 4,996
1Q 788 1,665 2,781 2,496 2,165
Profit before tax
(millions of yen)
FY 5,179 7,867 10,477 8,116  
3Q
Cumulative
3,583 5,452 9,260 5,992  
2Q
Cumulative
2,033 3,408 6,122 4,635 4,433
1Q 702 1,605 2,345 2,281 1,869
Profit
(millions of yen)
FY 3,666 5,374 7,192 5,729  
3Q
Cumulative
2,548 3,826 6,420 4,269  
2Q
Cumulative
1,409 2,397 4,164 3,305 3,068
1Q 479 1,148 1,552 1,495 1,178

Beginning with the fiscal year ending March 2023, we have voluntarily adopted IFRS in place of the previous JGAAP.

Fiscal segment summary

<Japan>Revenue / Profit

<China>Revenue / Profit

<Other Asian countries>Revenue / Profit

<Europe and America>Revenue / Profit

  FYE2021
JGAAP
FYE2022
JGAAP
FYE2023
IFRS
FYE2024
IFRS
FYE2025
IFRS
<Japan>
Revenue
(millions of yen)
FY 103,634 109,115 133,452 106,521  
3Q
Cumulative
75,850 77,583 100,431 82,764  
2Q
Cumulative
50,374 48,288 65,800 56,523 46,149
1Q 24,492 24,172 31,207 28,858 22,696
<Japan>
Profit
(millions of yen)
FY 2,470 4,060 4,536 5,836  
3Q
Cumulative
1,506 2,796 4,418 2,037  
2Q
Cumulative
816 1,758 3,038 2,977 2,558
1Q 326 889 1,452 483 341
<China>
Revenue
(millions of yen)
FY 36,776 50,253 54,058 40,379  
3Q
Cumulative
27,260 37,679 43,561 31,590  
2Q
Cumulative
16,884 24,252 29,801 21,980 26,475
1Q 7,221 11,413 13,521 10,780 12,177
<China>
Profit
(millions of yen)
FY 1,424 2,034 2,842 1,992  
3Q
Cumulative
1,092 1,353 3,063 2,088  
2Q
Cumulative
647 843 1,807 1,418 1,498
1Q 237 392 687 619 485
<Other Asian countries>
Revenue
(millions of yen)
FY 31,457 32,136 34,672 29,373  
3Q
Cumulative
22,505 23,695 27,669 21,917  
2Q
Cumulative
14,195 14,988 19,361 14,160 17,333
1Q 6,517 7,503 9,280 6,762 8,245
<Other Asian countries>
Profit
(millions of yen)
FY 854 1,534 1,222 1,204  
3Q
Cumulative
611 1,178 1,257 1,189  
2Q
Cumulative
372 751 885 570 690
1Q 107 329 403 258 323
<Europe and America>
Revenue
(millions of yen)
FY 8,350 9,141 17,689 18,075  
3Q
Cumulative
6,072 6,501 13,243 13,638  
2Q
Cumulative
3,710 4,131 8,204 9,438 8,402
1Q 1,438 1,944 3,619 4,433 4,386
<Europe and America>
Profit
(millions of yen)
FY 261 140 285 513  
3Q
Cumulative
225 76 371 572  
2Q
Cumulative
119 33 236 254 238
1Q 28 20 79 116 149

Beginning with the fiscal year ending March 2023, we have voluntarily adopted IFRS in place of the previous JGAAP.

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