Sales of Abrasive Materials for IoT and Automotive Components

「During the first quarter of the current consolidated cumulative period, sales volume progressed steadily, with net sales increasing 6.1% year on year to ¥76 million and operating profit increasing 45.6% to ¥23 million. In addition, partly due to strong performance at equity-method affiliate 株式会社トラストウェル, segment profit increased 136.4% to ¥37 million, resulting in higher sales and profit.」

「In the Diamond business, production adjustments by major domestic customers for polycrystalline diamonds and sluggish overseas sales affected results. Revenue decreased 3.7% year on year to ¥267 million. Operating profit decreased ¥22 million to ¥48 million, down 31.7%, partly due to preparation costs for expanding manufacturing equipment, resulting in lower revenue and profit.」

「During the interim consolidated period, sluggish overseas sales of polycrystalline diamonds and other factors resulted in revenue decreasing 3.7% year on year to ¥127 million. Meanwhile, Trustwell Co., Ltd. became an equity-method affiliate during the interim consolidated period, among other factors, lifting segment profit 8.5% to ¥38 million.」

「In the New Materials business, sales of abrasives for compound semiconductors remained solid during the fiscal year, but sales for automotive-related applications, smartphones and HDDs declined. Revenue was nearly flat at ¥278 million, up 0.9% year on year, while segment profit increased 56.7% to ¥700,000, resulting in higher revenue and profit.」

「During the interim consolidated period, sales of polycrystalline and single-crystal diamonds were solid, but weak sales of abrasives for smartphones and HDDs weighed on results. Revenue decreased 2.2% year on year to ¥132 million. Meanwhile, strong sales of diamond products lifted segment profit 23.1% to ¥35 million, resulting in lower revenue but higher profit.」

「In the New Materials business, sales of abrasives for compound semiconductors and automotive parts remained solid during the fiscal year, but sales of abrasives for smartphones and HDDs fell sharply. Revenue decreased 10.8% year on year to ¥275 million, and segment profit decreased 41.0% to ¥44 million, resulting in lower revenue and profit.」

「During the cumulative third quarter, some deliveries of abrasives for automotive parts were pushed back from the original plan to the fourth quarter. In addition, weak demand in the smartphone and HDD markets and other factors led to revenue decreasing 14.0% year on year to ¥203 million and segment profit decreasing 47.5% to ¥32 million, resulting in lower revenue and profit.」

「During the cumulative second quarter, sales of abrasives for compound semiconductors and automotive parts remained at approximately the prior-year level, but weak demand in the smartphone and HDD markets led to revenue decreasing 19.3% year on year to ¥135 million and segment profit decreasing 39.1% to ¥29 million, resulting in lower revenue and profit.」

「Sales of abrasives for compound semiconductors and automotive parts remained solid, but weak demand in the smartphone market continued. Revenue decreased 17.7% year on year to ¥73 million, and segment profit decreased 26.7% to ¥16 million, resulting in lower revenue and profit.」

「During the cumulative third quarter, the compound semiconductor market remained strong, but the Company was affected by a sharp slowdown in the smartphone market. Revenue decreased 7.6% year on year to ¥237 million, and segment profit decreased 0.9% to ¥60 million, resulting in lower revenue and profit.」

「During the cumulative second quarter, sales were affected by inventory adjustments in the smartphone market, but the compound semiconductor market remained strong. As a result, revenue decreased 2.0% year on year to ¥167 million, while segment profit increased 22.9% to ¥47 million, resulting in lower revenue but higher profit.」

「During the cumulative first quarter, sales were affected by inventory adjustments in the smartphone and automotive parts markets, but the compound semiconductor market remained strong. As a result, revenue increased 4.2% year on year to ¥89 million and segment profit increased 13.6% to ¥22 million, resulting in higher revenue and profit.」

「Strong sales of abrasives for smartphones, compound semiconductors and automotive parts lifted net sales 29.3% year on year to ¥360 million and segment profit 206.3% to ¥90 million.」

「During the first nine months of the fiscal year, sales of abrasives for smartphones and compound semiconductors remained strong, while sales of other abrasives also remained firm. As a result, net sales rose 34.2% year on year to ¥256 million and segment profit increased 373.1% to ¥60 million, resulting in higher revenue and profit.」

「During the first half of the fiscal year, sales of abrasives for the smartphone market were strong as the market recovered from COVID-19, while sales of abrasives for compound semiconductors and other abrasives also remained firm. As a result, net sales rose 43.0% year on year to ¥170 million and segment profit increased 701.9% to ¥38 million, resulting in higher revenue and profit.」

「During the first quarter of the fiscal year, the smartphone and compound semiconductor markets remained firm as teleworking and working from home became more widespread. As a result, net sales rose 45.3% year on year to ¥85 million, and segment profit increased to ¥19 million from ¥1 million in the same quarter of the previous year, resulting in higher revenue and profit.」

「In the New Materials Business, the automotive parts market, which had implemented production adjustments through the first half of the fiscal year due to the impact of COVID-19, recovered sharply from the third quarter onward. The compound semiconductor and smartphone markets also remained solid. As a result, net sales rose 1.6% from the previous fiscal year to ¥278 million, and segment profit increased 12.8% to ¥29 million.」

「During the first nine months of the fiscal year, customers in the automotive and electronic components-related markets were forced to implement production adjustments due to the impact of COVID-19, resulting in lower sales volumes. As a result, net sales fell 7.2% year on year to ¥190 million, and segment profit declined 39.3% to ¥12 million.」

「During the first half of the fiscal year, customers in the automotive and electronic components-related markets were forced to implement production adjustments due to the impact of COVID-19, resulting in lower sales volumes.」

「During the first nine months of the fiscal year, customers in the automotive and other markets implemented production adjustments due to the impact of COVID-19, resulting in a sharp decline in sales. As a result, net sales fell 11.1% year on year to ¥58 million. Segment profit also declined 74.1% to ¥1 million due to higher manufacturing costs.」

「In the New Materials Business, sales in the smartphone-related market remained firm, but production adjustments continued in the automotive-related market and other factors resulted in net sales of ¥274 million, down 9.8% from the previous fiscal year.」

「During the first nine months of the fiscal year, production adjustments by customers in the automotive-related market continued, while the spot sales to the sapphire polishing market and other markets recorded during the first nine months of the previous fiscal year fell away. Net sales declined 14.0% year on year to ¥205 million, and segment profit fell 30.3% to ¥21 million.」

「During the first half of the fiscal year, sales in the automotive-related market declined, resulting in net sales of ¥139 million, down 9.9% year on year, and segment profit of ¥14 million, down 4.8%.」

「Temporary inventory adjustments by a major customer resulted in net sales of ¥66 million, down 14.9% year on year. As a result, segment profit was ¥4 million, down 14.2%.」

「In the New Materials Business, sales increased in the automotive and smartphone-related markets but declined in the compound semiconductor-related market. As a result, net sales were ¥304 million, down 1.6% from the previous fiscal year.」

「Sales of abrasives for the automotive and smartphone-related markets increased, lifting net sales 9.6% year on year to ¥239 million. As a result, segment profit was ¥30 million, down 6.7% year on year.」

「Although sales in the automotive and smartphone-related markets remained solid, higher expenses to strengthen the sales organization resulted in net sales of ¥154 million, up 6.9% year on year, and segment profit of ¥15 million, down 46.2%.」

「Although sales in the automotive and smartphone-related markets remained solid, sales in the compound semiconductor market declined and expenses increased to strengthen the sales organization. Net sales fell 5.8% year on year to ¥77 million, and segment profit declined 75.5% to ¥5 million.」

「Although sales to the automotive sector remained solid, sales related to smartphones fell sharply due to lower smartphone production volumes in China, resulting in net sales of ¥309 million, down 12.9% from the previous fiscal year.」

「As inventory adjustments by major customers persisted, net sales fell 18.0% year on year to ¥218 million and segment profit declined 49.0% to ¥32 million.」

「As inventory adjustments by major customers persisted, net sales fell 20.9% year on year to ¥144 million and segment profit declined 34.7% to ¥29 million.」

「A decline in sales of abrasives for IoT-related applications due to customer inventory adjustments resulted in net sales of ¥82 million, down 21.4% year on year, and segment profit of ¥20 million, down 25.4%.」

「In the New Materials Business, sales of products and merchandise remained broadly in line with the previous fiscal year, but the absence of contract blasting tests conducted on a spot basis in the previous fiscal year resulted in net sales of ¥354 million, down 2.6%.」

「Strong sales of abrasives for IoT-related applications and automotive components lifted net sales 2.4% year on year to ¥266 million and segment profit 45.1% to ¥63 million.」

「Strong sales of abrasives for IoT-related applications and automotive components lifted net sales 11.0% year on year to ¥182 million and segment profit 87.8% to ¥44 million.」

「Strong sales of abrasives for IoT-related applications and automotive components lifted net sales 24.0% year on year to ¥105 million and segment profit 160.6% to ¥27 million.」