FY2021-Q1First statedAnnual report
「In the manufacturing business, the Company worked to expand its domestic and overseas operations through M&A and pursued initiatives such as developing new customers, developing new products and improving production efficiency with support from the various functions of the "SME Support Platform." Against this backdrop, domestic manufacturing subsidiaries posted higher profits due to increased stay-at-home consumption in Japan, while overseas manufacturing subsidiaries experienced lower sales as economic and social activity was restricted. Provisions for inventories and accounts receivable were also recorded based on a conservative estimate of the impact. As a result, revenue was ¥5,669.054 million, up 21.7% year on year, and profit was ¥204.757 million, up 51.8%.」
The manufacturing business posted higher revenue and profits due to increased domestic stay-at-home demand and M&A-driven expansion, although overseas manufacturing subsidiaries experienced lower sales due to activity restrictions and recorded provisions.