Strengthening the profitability of the domestic business

「Revenue was ¥19.311 billion, down 18.6% from the previous fiscal year, due to a decline following the previous year's large projects in large-scale renovation work on multi-unit residential buildings. In terms of earnings, although the company worked to reduce cost of sales and expenses, the decline in revenue affected segment profit, which was ¥566 million, down 40.6% from the previous fiscal year.」

「Sales of architectural and structural coatings remained broadly at the same level as in the previous fiscal year. Construction-related revenue, including large-scale renovation work on multi-unit residential buildings, maintained a stable level of orders in line with typical years, but was significantly affected by a decline following the previous year's large projects. Segment revenue was ¥10.05 billion, down 17.5% year on year, and segment profit was ¥344 million, down 35.1%.」

「In terms of earnings, segment profit was ¥953 million, up 108.7% from the previous fiscal year, due to the effect of sales price reviews and higher construction-related revenue, as well as thorough cost and expense reduction measures.」

「In terms of earnings, segment profit was ¥531 million, up 198.4% year on year, due to the effect of higher revenue, including the ongoing review of sales prices, as well as cost and expense reduction measures.」

「In terms of earnings, segment profit was ¥178 million, compared with a segment loss of ¥84 million in the same period of the previous year, due to higher revenue, including the review of sales prices for products, and thorough cost and expense reduction measures.」

「In this segment, sales of architectural and structural coatings, led by the core waterproofing and floor-applied materials, remained solid, and revenue was ¥4.946 billion, up 2.0% year on year. In terms of earnings, segment profit was ¥41 million, compared with a segment loss of ¥5 million in the same period of the previous year, due to higher revenue, including the review of sales prices for some products, and thorough cost and expense reduction measures.」

「In the coatings-related business, amid a challenging operating environment, we will strengthen these initiatives while actively developing new products that meet customer needs and pursuing new markets, including overseas markets. At the same time, we will continue to focus on reviewing the sales prices of some products and improving costs in an effort to establish a stable earnings base.」

「As domestic demand is recovering, sales of architectural and structural coatings, led by the core waterproofing materials and floor coatings, continued to perform well, while construction-related revenue, including large-scale renovation work on multi-unit residential buildings, increased 8.8% year on year. Segment revenue was ¥15.287 billion, up 7.1% year on year. In terms of earnings, although the company is reviewing sales prices for some architectural and structural coating products, the impact of higher raw material and energy prices remains greater than the benefits of these improvements. The segment loss was ¥40 million, compared with segment profit of ¥331 million in the same period of the previous year.」

「As domestic demand is recovering, sales of architectural and structural coatings, led by the core waterproofing materials and floor coatings, continued to perform well. In particular, construction-related revenue, including large-scale renovation work on multi-unit residential buildings, increased substantially, by 10.7% year on year. As a result, segment revenue was ¥9.805 billion, up 8.4% year on year. In terms of earnings, although the company was reviewing sales prices for some architectural and structural coating products, the segment loss was ¥84 million, compared with segment profit of ¥164 million in the same period of the previous year, as the impact of higher raw material and energy prices was significant.」

「As domestic demand is recovering, sales of architectural and structural coatings, led by the core waterproofing materials, remained solid. In particular, construction-related revenue, including large-scale renovation work on multi-unit residential buildings, increased 43.8% year on year and made a significant contribution to higher revenue.」

「We will expand the market share of existing products and pursue thorough cost improvements across all processes to establish a stable earnings base capable of withstanding changes in the external environment.」

「As domestic demand is recovering, sales of architectural and structural coatings, led by the core waterproofing materials, continued to perform well year on year. Construction-related revenue from large-scale renovation work on multi-unit residential buildings increased substantially, by 117.8% year on year. As a result, segment revenue was ¥14.268 billion, up 37.4% year on year. In terms of earnings, despite the impact of higher raw material prices and other factors, segment profit was ¥331 million, up 571.6% year on year, reflecting the recovery in revenue.」

「As domestic demand is recovering, sales of architectural and structural coatings, led by the core waterproofing materials, continued to perform well year on year. Construction-related revenue from large-scale renovation work on multi-unit residential buildings increased substantially, by 144.3% year on year. As a result, segment revenue was ¥9.048 billion, up 42.8% year on year. In terms of earnings, despite the impact of higher raw material prices and other factors, segment profit was ¥164 million, compared with a segment loss of ¥64 million in the same period of the previous year, reflecting the recovery in revenue.」

「As domestic demand is showing signs of recovery, sales of architectural and structural coatings, led by the core waterproofing materials, roof coatings and floor coatings, continued to perform well year on year. Construction-related revenue from large-scale renovation work on multi-unit residential buildings also increased substantially, by 100.5% year on year. As a result, segment revenue was ¥3.998 billion, up 33.3% year on year. In terms of earnings, despite the recovery in revenue, the segment loss was ¥6 million, compared with a segment loss of ¥28 million in the same period of the previous year, due to the impact of higher raw material prices and other factors.」

「As a result, segment revenue was ¥14.846 billion, down 8.3% from the previous fiscal year, and segment profit was ¥199 million, down 28.0%.」

「Although some product categories showed signs of recovery, the impact of curtailed sales activity, temporary construction suspensions and schedule changes to prevent the spread of infectious disease continued. Segment revenue was ¥10.386 billion, down 16.5% year on year. Despite pursuing cost and expense reduction measures, segment profit was ¥49 million, down 73.9% year on year.」

「Weak domestic demand and the continued impact of curtailed sales activity, temporary construction suspensions and schedule changes to prevent the spread of infectious disease led to a significant year-on-year decline in construction-related revenue, including large-scale renovation work on multi-unit residential buildings. Segment revenue was ¥6.34 billion, down 23.1% year on year. Although the company pursued cost and expense reduction measures, the segment posted a loss of ¥64 million, compared with segment profit of ¥160 million in the same period of the previous year.」

「In addition to weak domestic demand, sales activity was curtailed and construction work was temporarily suspended or rescheduled to prevent the spread of infectious disease. As a result, segment revenue was ¥3.0 billion, down 17.2% year on year.」

「As a result, segment sales were ¥16.191 billion, up 1.4% from the previous fiscal year, while segment profit was ¥277 million, up 157.4%.」

「The segment’s results exceeded those of the same period of the previous year owing to increased construction-related sales and lower prices for some raw materials. By product category, coatings for buildings and structures remained sluggish, while large-scale renovation projects for multifamily housing in construction-related sales increased 8.6% year on year, contributing to higher sales in the coatings-related business. As a result, segment sales were ¥12.435 billion, up 1.7% year on year, while segment profit was ¥189 million, up 13.0%.」

「The segment’s results exceeded those of the same period of the previous year owing to increased construction-related sales and lower prices for some raw materials. By product category, coatings for buildings and structures remained below the same period of the previous year despite showing signs of recovery. Meanwhile, large-scale renovation projects for multifamily housing in construction-related sales increased 6.3% year on year, contributing to higher sales and profit in the coatings-related business. As a result, segment sales were ¥8.233 billion, up 2.2% year on year, while segment profit was ¥160 million, up 52.9%.」

「The segment’s results fell below the same period of the previous year owing to weak domestic demand, higher fixed costs, and other factors. By product category, coatings for buildings and structures generally remained sluggish, while large-scale renovation projects for multifamily housing in construction-related sales were also affected by delays in construction progress and other factors. As a result, segment sales were ¥3.623 billion, down 7.4% year on year, while the segment recorded a loss of ¥45 million, compared with segment profit of ¥12 million in the same period of the previous year.」

「As a result, segment sales were ¥15.973 billion, down 0.9% from the previous fiscal year, while segment profit was ¥107 million, down 76.0%.」

「Segment sales exceeded the same period of the previous year as construction-related sales remained strong, but segment profit fell below the same period of the previous year owing to soaring raw material prices, higher fixed costs, and other factors. Sales of roof coatings, floor coatings, waterproofing coatings, and other products were roughly unchanged from the same period of the previous year, while large-scale renovation projects for multifamily housing in construction-related sales grew 9.3% year on year owing to an increase in orders for large projects and other factors. As a result, segment sales were ¥12.221 billion, up 3.4% year on year, while segment profit was ¥167 million, down 53.0%.」

「Segment sales exceeded the same period of the previous year as construction-related sales remained strong, but segment profit fell below the same period of the previous year owing to soaring raw material prices, higher fixed costs, and other factors. Sales by product category were roughly unchanged from the same period of the previous year for coatings for buildings and structures, including roof coatings, floor coatings, and waterproofing coatings. However, large-scale renovation projects for multifamily housing in construction-related sales grew substantially, up 43.8% year on year, owing to an increase in orders for large projects and other factors. As a result, segment sales were ¥8.057 billion, up 10.2% year on year, while segment profit was ¥105 million, down 34.8%.」

「Segment sales exceeded the same period of the previous year as construction-related sales remained strong, but segment profit fell below the same period of the previous year owing to soaring raw material prices and other factors. By product category, coatings for buildings and structures, including roof coatings, floor coatings, and waterproofing materials, were roughly unchanged from the same period of the previous year. However, large-scale renovation projects for multifamily housing in construction-related sales grew substantially, up 74.7% year on year, owing to an increase in orders for large projects and other factors. As a result, segment sales were ¥3.911 billion, up 16.8% year on year, while segment profit was ¥12 million, down 56.8%.」

「① Establishing a stable earnings base in the domestic business」

「Segment sales exceeded the same period of the previous year as construction-related sales and other areas remained firm, but segment profit fell below the same period of the previous year owing to soaring raw material prices and higher fixed costs. By product category, floor coatings contributed to higher sales among coatings for buildings and structures through the acquisition of new customers and expanded sales. Large-scale renovation projects for multifamily housing in construction-related sales also grew substantially, up 28.9% year on year, owing to an increase in contracted projects and progress on construction work. As a result, segment sales were ¥11.823 billion, up 6.6% year on year, while segment profit was ¥356 million, down 29.1%.」

「Segment sales exceeded the same period of the previous year as construction-related sales and other areas remained firm, but segment profit fell below the same period of the previous year owing to soaring raw material prices and higher fixed costs.」

「Although the segment was affected by unfavorable weather and other factors, sales and segment profit exceeded the same period of the previous year. By product category, among coatings for buildings and structures, sales of the mainstay floor coatings and waterproofing coatings progressed steadily owing to the acquisition of new customers and expanded sales. In construction-related sales, large-scale renovation projects for multifamily housing also grew substantially, up 54.8% year on year, owing to an increase in contracted projects and progress on construction work. As a result, segment sales were ¥3.349 billion, up 14.2% year on year, while segment profit was ¥29 million, compared with a segment loss of ¥6 million in the same period of the previous year.」

「As a result, segment sales were ¥15.22 billion, down 3.8% year on year, while segment profit was ¥715 million, up 17.7%, owing to improvements in raw material prices and reductions in fixed costs, among other factors.」

「(1) Strengthening the profitability of the domestic business」