Profit growth through launching product groups and expanding product offerings

「Against this economic backdrop, the Group worked to secure sales by reviewing selling prices in response to higher raw material and logistics costs. However, sales in the housing-related and overseas businesses declined, resulting in sales of ¥12,639 million, down 1.6% year on year and ¥204 million from the same period a year earlier. In terms of earnings, cost reductions from price revisions and a review of manufacturing processes, together with the recovery in the earnings capacity of subsidiaries, resulted in operating income of ¥85 million, compared with ¥5 million a year earlier. Ordinary income was ¥321 million, up 62.6% year on year, due to increases in dividend income and foreign exchange gains. Net income attributable to owners of the parent was ¥293 million, up 97.5% year on year, due to gains on the sale of cross-shareholdings.」

「Against this economic backdrop, the Group worked to acquire new customers and new products, but revenue declined by ¥45 million year on year to ¥12,843 million, down 0.4%, due in part to lower sales at its Chinese sales subsidiary.」

「Under these economic conditions, the group worked to develop new products and acquire new products. As a result, net sales increased by ¥188 million, or 3.0%, from the same interim period of the previous year to ¥6,473 million.」

「Automotive-related production, the group's main target area, recovered as semiconductor supply shortages eased, while the yen's weakening trend increased export sales. Net sales therefore totaled ¥12,889 million, up 2.3% from the prior-year period. In addition to stable energy costs, including electricity costs, efforts to reduce costs lifted operating profit to ¥137 million, up 308.8%, and ordinary profit to ¥357 million, up 45.3%.」

「Under these economic conditions, net sales increased by ¥225 million, or 2.4%, from the prior-year period to ¥9,745 million, supported by an improving economic environment, including a recovery in automobile production as semiconductor supply shortages eased, and the yen's weakening trend. As energy costs, including electricity costs, stabilized, operating profit rose 104.5% to ¥184 million, ordinary profit rose 36.8% to ¥345 million, and net income attributable to owners of the parent rose 123.9% to ¥275 million, partly because special losses, including a loss on the revision of the retirement benefit plan recorded in the previous fiscal year, were eliminated.」

「The company also actively advanced the handling of new products. As a result, net sales increased by ¥125 million, or 2.0%, from the prior-year period to ¥6,284 million.」

「Under these economic conditions, the group was affected by soaring raw material prices, energy costs and logistics expenses, and had largely completed passing higher costs through to sales prices by the end of the first quarter. However, overseas sales declined, reducing net sales by ¥101 million, or 3.2%, to ¥3,077 million. Profitability improved following sales price revisions and group-wide cost reductions, with operating profit of ¥49 million, up 151.1%, ordinary profit of ¥118 million, up 21.1%, and net income attributable to owners of the parent of ¥77 million, up 848.2%, as special losses, including a loss on the revision of the retirement benefit plan recorded in the previous fiscal year, were eliminated.」

「The company made every effort to reduce costs across the group, expand sales channels and pass higher costs through to product prices in response to soaring raw material prices, energy costs and logistics expenses. Net sales increased by ¥1,026 million, or 8.9%, to ¥12,594 million, but operating profit fell to ¥33 million, down 75.7% from the prior-year period, due to further increases in raw material prices」

「Net sales totaled ¥3,178 million, up ¥453 million from the prior-year period, mainly because increases in raw material, fuel and export freight prices were passed through to product prices. Despite the impact of further increases in raw material and fuel prices, operating profit rose only ¥3 million year on year to ¥19 million, while ordinary profit increased ¥48 million to ¥98 million as non-operating income, including foreign exchange gains, increased.」

「Although raw material and fuel prices rose in the second half, the recovery in net sales, rationalization of production processes and cost reduction efforts resulted in operating profit of ¥155 million, up ¥92 million, ordinary profit of ¥266 million, up ¥84 million, and net income attributable to owners of the parent of ¥176 million, up ¥79 million, from the prior-year period.」

「Net sales totaled ¥5,574 million, up ¥472 million from the prior-year period, supported by steady performance in products for construction materials and other products. Higher sales, increased factory operating rates and lower depreciation expenses resulted in operating profit of ¥103 million, up ¥134 million, ordinary profit of ¥179 million, up ¥115 million, and net income attributable to owners of the parent of ¥118 million, up ¥98 million.」

「Under these economic conditions, the group thoroughly implemented measures to prevent the spread of COVID-19 and worked to develop sales channels and ensure a stable supply. Net sales had not recovered to pre-COVID levels, but increased sales of products for construction materials and automobiles lifted net sales to ¥2,724 million, up ¥250 million from the prior-year period. Higher sales, increased factory operating rates and lower depreciation expenses resulted in operating profit of ¥16 million, up ¥44 million, ordinary profit of ¥49 million, up ¥28 million, and net income attributable to owners of the parent of ¥22 million, up ¥23 million.」

「Although products for construction materials and automobiles performed sluggishly under the impact of the spread of COVID-19, the economic recovery in China and strong performance in automobiles during the second half lifted net sales to ¥10,844 million, down ¥1,025 million, or 8.6%, from the prior-year period. As sales recovered, factory operating rates rose from the first half, and operating profit reached ¥151 million, up ¥37 million, or 32.7%, from the prior-year period, following efforts to reduce costs」

「Under these economic conditions, the group performed steadily, particularly in products for construction materials and automobiles, and sales in China increased substantially. Net sales therefore totaled ¥12,771 million, up ¥735 million, or 6.1%, from the prior-year period. Despite negative factors including soaring raw material and fuel costs and higher equipment maintenance expenses, higher net sales lifted operating profit to ¥514 million, up ¥9 million, or 1.8%, ordinary profit to ¥650 million, up ¥36 million, or 5.9%, and net income attributable to owners of the parent to ¥404 million, up ¥20 million, or 5.4%.」

「Under these circumstances, the group worked to increase supply capacity in Japan, focusing on products for the strong construction market, and increased overseas sales of automotive products. Net sales progressed steadily to ¥9,640 million, up ¥710 million, or 8.0%, from the prior-year period. Although personnel, raw material and fuel costs and equipment maintenance expenses increased, operating profit was ¥466 million, up ¥35 million, or 8.3%, supported by the effect of higher sales.」

「Under these circumstances, the group worked to expand sales channels for functional products, maintain market share for commodity products, and expand production of products for the Chinese automotive market. Net sales increased steadily to ¥6,252 million, up ¥480 million, or 8.3%, from the prior-year period. Although manufacturing costs increased due to higher resource prices and other factors, operating profit was ¥269 million, up ¥18 million, or 7.2%, from the prior-year period, supported by strong performance in the Chinese market」

「The company worked to expand new products to improve productivity across the group and offset the ¥277 million decline in sales from OEM production that ended in the previous fiscal year.」

「Operating profit was ¥572 million, up ¥239 million, or 71.9%, from the prior-year period, owing to higher sales of chemical compounds resulting from growth in demand related to construction, improved operating rates following equipment upgrades aimed at ensuring a stable supply, and the implementation of production cost improvement measures.」

「Operating profit increased substantially to ¥327 million, owing to higher sales of high-performance products, improved operating rates following equipment upgrades aimed at ensuring a stable supply, and the implementation of production cost improvement measures, an increase of ¥188 million, or 136.1%, from the prior-year period.」

「The company established systems for the stable supply of product lines aimed at medium-term earnings growth and reviewed manufacturing processes to reduce costs.」

「To achieve medium-term earnings growth, the company launched product lines and reviewed manufacturing processes to reduce energy costs, while developing new products based on customer needs and expanding the range of products handled.」