FY2020-Q3First 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, as well as new contracts for exhaust-gas treatment equipment for the steel industry. However, there were fewer large-scale projects than in the same period of the previous year, and order intake remained at ¥17,723 million, or 55.3% of the year-earlier level. On the revenue side, work progressed on a continuous annealing line for copper strip, energy-saving heating furnaces for the steel industry and a continuous annealing line for high-grade specialty steel sheet, resulting in revenue of ¥26,074 million, or 111.4% of the year-earlier level. On the earnings side, the increase in revenue resulted in higher profit, with operating income of ¥999 million, compared with income of ¥39 million in the same period of the previous year, ordinary income of ¥1,173 million, or 573.5% of the year-earlier level, and quarterly net income attributable to owners of the parent of ¥809 million, or 689.9% of the year-earlier level.」
For the cumulative FY2020 third quarter, order intake decreased to ¥17,723 million, or 55.3% of the year-earlier level, while revenue increased to ¥26,074 million, or 111.4% of that level. Operating income was ¥999 million, ordinary income was ¥1,173 million and quarterly net income attributable to owners of the parent was ¥809 million, representing substantial profit growth from the same period of the previous year.