Accelerating global expansion and growing earnings

「Although the impact of weak automobile sales was seen in some parts of Asia, including China, revenue was ¥4,256 million, up 0.6% from the previous fiscal year, as automobile markets in North America and Japan remained firm.」

「During the interim consolidated accounting period, Autoneum Nittoku Sound Proof Products India Pvt. Ltd., previously an affiliated company to which the equity method was not applied, was included in the scope of equity-method affiliates because its materiality had increased.」

「Revenue was ¥4,231 million, down 4.0% from the previous fiscal year, as production volumes at major customers, the automakers, declined both in Japan and overseas, partly due to the impact of sluggish sales against the backdrop of the expanding EV market in China.」

「Sales of the mainstay sound absorption and sound insulation materials declined due to the suspension of production of certain vehicle models by domestic automakers, factory shutdowns caused by typhoons, and sluggish sales in Asia, including China, amid the expansion of the EV market. Segment revenue was ¥20.370 billion, down 3.7% year on year.」

「Compared with the year-earlier period, when orders and sales declined due to lockdowns in China and other factors, domestic production by key automotive customers has been recovering. As a result, sales increased substantially, mainly of sound absorption and sound insulation materials and coatings such as anti-corrosion paints, and revenue was ¥21.149 billion, up 16.8% year on year.」

「As a result, consolidated revenue for the first quarter of the current fiscal year was ¥15.386 billion, up 16.0% year on year, mainly due to higher revenue from the automotive products-related business.」

「Although the impact of the global semiconductor shortage and supply constraints remained, sales increased, mainly of sound absorption and sound insulation materials and coatings such as anti-corrosion paints, as production volumes at key automotive customers recovered to a certain extent. Segment revenue was ¥40.157 billion, up 13.4% from the previous fiscal year.」

「Although supply chain disruptions caused by the global semiconductor shortage and lockdowns in China, among other factors, affected production volumes at key automotive customers, demand recovered year on year and segment revenue was ¥29.341 billion, up 14.5%.」

「Although the recovery in production volumes at key automotive customers has been somewhat delayed by supply chain disruptions caused by the global semiconductor shortage and lockdowns in China, among other factors, segment revenue remained firm above the year-earlier period at ¥18.104 billion, up 12.9% year on year.」

「As a result, segment revenue was ¥8.409 billion, down 1.1% year on year, and segment profit was ¥45 million, down 63.6%.」

「③ Strengthening global expansion In the coatings-related business, we will strengthen product sales tailored to the needs of each region. In the automotive products-related business, we will strengthen global coordination from raw material procurement through manufacturing, thereby improving costs and optimizing the production structure by reinforcing the supply chain.」

「Although the global semiconductor shortage and the renewed spread of infectious disease remain concerns, segment revenue was ¥25.626 billion, up 9.4% year on year, supported by a degree of demand recovery.」

「Although vehicle production was below the initial plan due to the global semiconductor shortage and the impact of the spread of infectious disease in the ASEAN region, among other factors, segment revenue was ¥16.029 billion, up 16.6% year on year.」

「Orders and production recovered from the impact of infectious disease in the year-earlier period. Sales of the mainstay sound absorption and sound insulation materials increased 69.9% year on year, while sales of other products, including coatings such as anti-corrosion paints and molds, also grew steadily. As a result, segment revenue was ¥8.499 billion, up 62.1% year on year.」

「Segment revenue was ¥33.143 billion, down 19.1% from the previous fiscal year, and segment profit was ¥650 million, down 74.4%.」

「As a result, although performance was showing signs of recovery recently, the substantial decline in revenue in the six months ended the second quarter resulted in revenue of ¥33.831 billion for the nine months ended the third quarter of the current fiscal year, down 21.2% year on year.」

「In addition to lower production volumes at key automotive customers, production and orders declined substantially year on year at the consolidated subsidiary in Wuhan, China, which temporarily suspended factory operations during the six months ended the first quarter to prevent the spread of infectious disease. Although orders and production exceeded the initial plan, segment revenue was ¥13.749 billion, down 33.1% year on year.」

「In addition to a sharp decline in demand in Japan and overseas, the automotive products-related business experienced a substantial decline in revenue due to temporary factory shutdowns and other measures to prevent the spread of infectious disease. Consolidated revenue for the first quarter of the current fiscal year was ¥8.247 billion, down 41.5% year on year.」

「Revenue for the current consolidated fiscal year was ¥57.191 billion, down 3.7% from the previous fiscal year, mainly due to lower revenue from the automotive products-related business.」

「Revenue for the nine months ended the third quarter of the current fiscal year was ¥42.942 billion, down 3.1% year on year, mainly due to lower revenue from the automotive products-related business.」

「To support the global expansion of automakers, we will strengthen cooperation with our technology partners and pursue further business growth through technical, sales and production support from Japan.」

「As a result, revenue for the nine months ended the third quarter of the current fiscal year was ¥44.309 billion, up 6.5% year on year, due to increased domestic and overseas orders, primarily in the automotive products-related business.」

「As a result, revenue for the six months ended the second quarter of the current fiscal year was ¥28.670 billion, up 9.3% year on year, due to increased domestic and overseas orders, primarily in the automotive products-related business.」

「Against this backdrop, consolidated revenue for the first quarter of the current fiscal year was ¥14.346 billion, up 16.2% year on year, due to increased domestic and overseas orders, primarily in the automotive products-related business.」

「To support the global expansion of automakers, we will strengthen cooperation with our technology partners and pursue further business growth through technical, sales and production support from Japan.」

「Against this backdrop, consolidated revenue for the nine months ended the third quarter of the current fiscal year was ¥41.588 billion, up 20.7% year on year, as orders remained firm both in Japan and overseas.」

「Against this backdrop, consolidated revenue for the six months ended the second quarter of the current fiscal year was ¥26.233 billion, up 23.2% year on year, as orders remained firm both in Japan and overseas.」

「Against this backdrop, consolidated revenue for the first quarter of the current fiscal year was ¥12.344 billion, up 22.8% year on year, as orders remained firm both in Japan and overseas.」

「The segment's performance benefited from an increase in domestic passenger car production compared with the previous fiscal year, as well as increased overseas orders and the addition of one overseas subsidiary. Revenue therefore significantly exceeded the previous fiscal year.」

「The segment's performance benefited from an increase in domestic passenger car production year on year, as well as increased overseas orders and the addition of subsidiaries. Revenue and segment profit therefore significantly exceeded the year-earlier period. Segment revenue was ¥23.353 billion, up 16.9% year on year, and segment profit was ¥1.661 billion, up 20.5%.」

「The segment's performance benefited from an increase in domestic passenger car production year on year, as well as increased overseas orders and the addition of subsidiaries. Revenue and segment profit therefore significantly exceeded the year-earlier period. Segment revenue was ¥14.645 billion, up 14.5% year on year, and segment profit was ¥1.032 billion, up 57.2%.」

「PT.TUFFINDO NITTOKU AUTONEUM, which had been an unconsolidated subsidiary in the previous consolidated fiscal year, has been included as a consolidated subsidiary from the first quarter of the current consolidated fiscal year because its materiality has increased. In the automotive products-related business, domestic passenger car production declined compared with the immediately preceding quarter, but revenue and segment profit significantly exceeded the year-earlier period due to increased overseas orders and the addition of subsidiaries. As a result, segment revenue was ¥7.113 billion, up 18.1% year on year, and segment profit was ¥436 million, up 152.9%.」

「By strengthening cooperation with Autoneum and overseas joint ventures, we will enhance our production and sales structure in emerging markets, primarily China and ASEAN, and pursue business growth.」