Revenue Growth and Profit Decline in the Manufacturing Business Due to Domestic Stay-at-Home Demand and Overseas Lockdowns

「Domestic subsidiaries posted higher revenue as stay-at-home demand increased with the spread of COVID-19. Overseas subsidiaries, however, posted lower revenue because some subsidiaries were forced to suspend operations due to a partial lockdown in Singapore during the period, while hotels, restaurants and other customers suspended or scaled back operations. As a result, revenue was ¥10,975.798 million, up 6.3% year on year, while profit was ¥312.949 million, down 26.1% year on year, as lower overseas sales caused fixed costs to weigh on earnings.」