FY2024-Q3: Higher order intake and revenue, narrower losses, net income turns positive

「As a result, in terms of orders, contracts were secured for large-scale decarbonized high-brightness annealing equipment for overseas customers, flame-in-furnace treatment equipment for functional materials, rotary kilns for green-energy generation and continuous gas carburizing furnaces for domestic customers, bringing orders received up to ¥26,594 million, or 122.9% of the prior-year period. In terms of revenue, work progressed on energy-saving heating furnaces, annealing furnaces and hydrogen-based gas heating equipment for domestic steel customers, bringing revenue up to ¥18,446 million, or 111.9% of the prior-year period. In terms of earnings, despite efforts to reduce procurement costs and other measures in response to higher raw-material and transportation costs, the company reported an operating loss of ¥439 million, compared with a loss of ¥568 million in the prior-year period, and an ordinary loss of ¥194 million, compared with a loss of ¥350 million. Meanwhile, based on its policy of reducing holdings of listed shares whose benefits from ownership have diminished from the perspective of capital efficiency, the company sold part of its holdings, resulting in a gain on sale and quarterly net income attributable to owners of the parent of ¥853 million, compared with a loss of ¥120 million in the prior-year period.」