FY2021 Q1: Decline in orders received and revenue, and widening losses

「The company pursued order-taking activities and won contracts for battery-related high-temperature heat-treatment equipment and modification work on heat-treatment equipment for automotive parts. However, order intake remained at ¥3,289 million, or 54.3% of the year-earlier level, due to customers' moves to restrain capital investment as a result of the spread of infections and stagnation in sales activities caused by restrictions on the movement of people. On the revenue side, work progressed on energy-saving steel heating furnaces for Taiwan and modification work on a continuous annealing line for cold-rolled steel sheet. However, because opening order backlog was low, revenue also remained at ¥4,822 million, or 71.0% of the year-earlier level. On the earnings side, the decline in revenue resulted in an operating loss of ¥274 million, compared with a loss of ¥125 million in the same period of the previous year, an ordinary loss of ¥178 million, compared with a loss of ¥41 million, and a quarterly net loss attributable to owners of the parent of ¥234 million, compared with a loss of ¥21 million.」