FY2020-Q2First statedAnnual report
「Against this operating backdrop, the Group pursued active order-taking activities to secure results and won contracts for stainless steel manufacturing equipment for China and precision coating equipment related to flexible displays for China. However, there were fewer large-scale projects than in the same period of the previous year, and order intake remained at ¥12,385 million, or 52.7% of the year-earlier level. On the revenue side, work progressed on a continuous annealing line for copper strip and energy-saving heating furnaces for the steel industry, resulting in revenue of ¥17,662 million, or 119.6% of the year-earlier level. On the earnings side, the increase in revenue led to substantial improvement in results, with operating income of ¥777 million, compared with a loss of ¥92 million in the same period of the previous year, ordinary income of ¥876 million, compared with income of ¥6 million, and quarterly net income attributable to owners of the parent of ¥616 million, compared with a loss of ¥20 million.」
For the cumulative FY2020 second quarter, order intake decreased to ¥12,385 million, or 52.7% of the year-earlier level, while revenue increased to ¥17,662 million, or 119.6% of that level. Operating income was ¥777 million, ordinary income was ¥876 million and quarterly net income attributable to owners of the parent was ¥616 million, improving from the loss and small profit recorded in the same period of the previous year.