Sluggish revenue growth due to the stronger yen and lower selling prices

「Against this backdrop, the Group recorded higher revenue because automobile production increased at sites excluding China, while price pass-through and sales of high-value-added products remained firm in Japan and overseas. As a result, sales were ¥19,625 million, up 16.4% year on year, and operating profit was ¥2,457 million, up 158.8%.」

「Sales amounted to ¥16,865 million, down 1.4% year on year, due mainly to lower automobile production in Japan and overseas. However, corrective selling price revisions and controls on selling, general and administrative expenses resulted in operating profit of ¥949 million, up 41.5% year on year.」

「Net sales rose 11.2% year on year to ¥17,102 million due to higher sales volumes in Japan and overseas and corrective price increases, while operating profit increased 27.0% to ¥671 million.」

「Against this backdrop, our Group’s net sales increased 8.7% year on year to ¥8,254 million due to higher sales volumes in Japan and overseas and corrective price increases. However, operating profit declined 26.3% to ¥189 million due to higher selling, general and administrative expenses, including the consolidation of an overseas subsidiary in the previous fiscal year and spending on a temporary domestic development project.」

「In terms of earnings, corrective product price revisions resulted in operating profit of ¥1,225 million, up 134.2% year on year, and ordinary profit of ¥1,826 million, up 74.6% year on year.」

「Although sales volumes across the Japan segment were below those of the same period of the previous year, corrective product price revisions resulted in higher sales. As a result, sales to external customers in the segment were ¥15,295 million, up 4.6% year on year, and segment profit was ¥545 million, up 238.2% year on year.」

「Overall profit margins are improving as a result of the product price correction initiatives undertaken since the previous year.」

「For the fiscal year, sales amounted to ¥30,333 million, up 11.1% year on year, as selling prices were revised in response to soaring raw material prices and other factors. However, because of a time lag before the increases could be passed through to selling prices, operating profit was ¥523 million, down 63.5% year on year.」

「Under these conditions, corrective revisions to selling prices resulted in sales of ¥22,479 million, up 10.1% year on year. However, raw material prices remained on an upward trend, and because of a time lag before the increases were passed through to selling prices, operating profit was ¥511 million, down 62.8% year on year.」

「Under these conditions, corrective revisions to selling prices resulted in sales of ¥14,523 million, up 8.7% year on year. However, raw material prices remained on an upward trend, and because of a time lag before the increases could be passed through to selling prices, operating profit was ¥295 million, down 68.0% year on year.」

「Net sales for the consolidated fiscal year were ¥27,300 million, up 11.5% year on year, due to the recovery in automobile production volumes in various countries and higher product selling prices.」

「We will also continue revising product prices and seek to improve profitability through product integration and improvements to production processes.」

「In the materials business, including liquid paraffin, we will continue revising product prices in response to higher raw material prices and seek to strengthen cost competitiveness by reviewing manufacturing processes.」

「Shipments of liquid paraffin for cosmetics applications declined due to production adjustments by customers, while exports of sulfonates also decreased. As a result, volumes were slightly below the same period of the previous year, but higher selling prices kept sales broadly in line with the same period of the previous year.」

「To address the impact of fluctuations in raw material prices, we are passing through these costs to product prices, including by revising the prices of products sold to major customers of our specialty lubricants business in line with crude oil and naphtha prices. We will also continue to reduce costs and shift to higher-value-added products.」

「Crude oil prices, the basis for our principal raw materials, and exchange rates moved within a narrow range.」

「For specialty lubricants such as die-casting lubricants, cutting fluids and hot-forging lubricants, sales in local currencies exceeded the prior-year period, but the decline in the yen-denominated value of sales due to the stronger yen limited results to roughly the same level as the prior-year period.」

「Under these business conditions, our Group's sales were ¥26,674 million, up 1.6% from the previous fiscal year, due to lower product selling prices accompanying lower raw material prices and a decline in the yen-denominated value of foreign-currency sales as the yen strengthened.」

「Under these conditions, although our Group's sales volumes exceeded the prior-year period, sales were limited to ¥19,833 million, up 0.1% year on year, due to lower product selling prices accompanying lower raw material prices and a decline in the yen-denominated value of foreign-currency sales as the yen strengthened.」

「Under these conditions, although our Group's sales volumes exceeded the prior-year period, sales were limited to ¥13,097 million, up 0.4% year on year, due to lower product selling prices accompanying lower raw material prices and a decline in the yen-denominated value of foreign-currency sales as the yen strengthened.」

「Although sales volumes exceeded the prior-year period in every division, sales remained sluggish due to lower selling prices and the stronger yen.」