Strengthening the architectural acoustics and soundproofing business through the acquisition of Nippon Sheet Glass Environment Amenity Co., Ltd. as a wholly owned subsidiary

「Against a backdrop of increased capital investment by customers in the media and content industries and manufacturing, as well as continued urban redevelopment, multiple plans for the construction and renovation of studios, acoustic laboratories and halls progressed, and the Architectural Acoustics and Construction business, the core of this segment, continued to maintain a high level of activity.」

「当社グループが提供する築造式の音響実験室に、ソノーラテクノロジー社の組立式が加わることで、要求性能、設置環境、予算及び納期に応じた提案の幅が広がり、案件獲得力が高まります。」

「Meanwhile, projects initially scheduled for recognition from the third quarter onward progressed earlier than planned, and the company also made progress in acquiring new projects, resulting in performance above plan.」

「In addition, revenue and segment profit reached record highs, supported by initiatives to improve margins through cost reductions, revisions to construction contracts and additional construction work.」

「In addition, some projects scheduled for recognition from the third quarter onward were recognized earlier than planned, resulting in performance above plan. Revenue and segment profit were further boosted by initiatives to improve margins through cost reductions, revisions to construction contracts and additional construction work.」

「In addition, 株式会社サンオー, which had been an unconsolidated subsidiary in the same quarter of the previous year, contributed to results following its consolidation.」

「Although some large-scale projects experienced delays in starting or in their schedules, shifting the timing of revenue recognition to the second half or the next fiscal year, multiple projects, primarily architectural acoustics projects related to redevelopment and university facilities, progressed, allowing revenue to exceed the same quarter of the previous year. Profit also improved, helped by cost reduction initiatives and revisions to construction contract amounts.」

「Construction progress was generally in line with plans, centered on architectural acoustics projects related to redevelopment and university facilities that had continued from the previous consolidated fiscal year. Revenue exceeded the same quarter of the previous year, and segment profit improved.」

「However, in addition to the reaction to the concentration of large-scale projects in the same quarter of the previous year, some projects experienced delayed starts, construction delays and scaled-back plans, creating a gap between projects, and revenue and segment profit fell below the same quarter of the previous year.」

「However, in addition to the reaction to the concentration of large-scale projects in the same quarter of the previous year, some projects experienced delayed starts, construction delays and scaled-back plans, creating a gap between projects, and revenue and segment profit fell below the same quarter of the previous year.」

「However, revenue and segment profit fell below the same quarter of the previous year because, in addition to the reaction to the concentration of large projects in the same quarter of the previous year, some projects were scaled back and construction periods were delayed.」

「The Architectural Acoustics and Construction business undertook a broad range of large-scale projects for broadcasters, universities, manufacturers, halls and data centers, and revenue and profit substantially exceeded the previous year's results.」

「The Architectural Acoustics and Construction business continues to operate in a favorable order environment, owing to the increasing number of broadcaster rebuilds as facilities age and the construction of cultural and community facilities associated with urban redevelopment. It undertook a broad range of projects, including post-production facilities and broadcaster studios, university acoustic educational and research facilities, manufacturers' acoustic laboratories, architectural acoustics construction for halls, and electromagnetic shielding work at data centers. The concentration of these large-scale projects and steady construction progress boosted revenue and profit. As a result, revenue was ¥5,408 million, up 52.8% year on year, and segment profit was ¥460 million, up 391.0%.」

「The Architectural Acoustics and Construction business continues to operate in a favorable order environment, owing to the increasing number of broadcaster rebuilds as facilities age and the construction of cultural and community facilities associated with urban redevelopment. Numerous large-scale projects, including acoustic educational and research facilities at universities, architectural acoustics construction for post-production facilities, broadcasters and halls, and electromagnetic shielding work at data centers, boosted revenue and profit.」

「The Architectural Acoustics and Construction business undertook architectural acoustics construction for halls and broadcasters, acoustic laboratory construction for automobile and electrical equipment manufacturers, and soundproofing work at waste treatment plants, among other projects. However, because highly profitable large-scale projects had been concentrated in the same quarter of the previous year, revenue and profit fell below the previous year. As a result, revenue was ¥5,103 million, down 21.0% year on year, and segment profit was ¥70 million, down 87.3%.」

「The Architectural Acoustics and Construction business exceeded revenue in the previous consolidated fiscal year, owing to the addition of 日本環境アメニティ株式会社 to the consolidated group. Although goodwill amortization increased, profit rose substantially as large-scale projects, including redevelopment in Tokyo and major regional cities and broadcaster rebuilds, were concentrated and particularly high margins were secured on these projects.」

「The Architectural Acoustics and Construction business exceeded revenue in the same quarter of the previous year, owing to the addition of 日本環境アメニティ株式会社 to the consolidated group and other factors. It performed well against strong construction demand, including redevelopment in Tokyo and major regional cities and the rebuilding of broadcaster facilities. Profit also increased substantially due to the completion of large-scale, high-margin projects. As a result, revenue was ¥6,461 million, up 110.2% year on year, and segment profit was ¥556 million, up 941.2%.」

「The Architectural Acoustics and Construction business exceeded revenue in the same quarter of the previous year, owing to the addition of 日本環境アメニティ株式会社 to the consolidated group and other factors. It performed well against strong construction demand, including redevelopment in Tokyo and major regional cities and the rebuilding of broadcaster facilities. Profit also increased substantially as progress on high-margin construction projects scheduled for acceptance from the third quarter onward exceeded initial expectations, allowing revenue to be recognized earlier. As a result, revenue was ¥4,064 million, up 114.2% year on year, and segment profit was ¥331 million, up 6,005.1%.」

「The Architectural Acoustics and Construction business exceeded the previous year's results in both revenue and profit, owing to the addition of 日本環境アメニティ株式会社 to the consolidated group and other factors.」

「At a meeting of the Board of Directors held on 30 January 2019, the company resolved to acquire all shares of 日本板硝子環境アメニテイ株式会社 and make it a wholly owned subsidiary, and acquired the shares on 1 April 2019.」

「At a meeting of the Board of Directors held on 30 January 2019, the company resolved to acquire all shares of 日本板硝子環境アメニテイ株式会社 and make it a wholly owned subsidiary, and on the same date entered into a share transfer agreement with the company's shareholders. Through the consolidation of the company as a subsidiary, the group expects to increase opportunities to participate from the upstream stages of architectural design and construction and further strengthen its approach to end customers. By supplying the imported branded products handled by the group on a comprehensive basis to the company's projects, the group aims to expand revenue and profit. Scheduled acquisition date: 1 April 2019 Ownership interest after acquisition: 100% Acquisition price: ¥1,957 million (estimated)」