Medium- to Long-Term Growth Focused on China, Southeast Asia and North America

「中国を除く拠点で自動車生産台数が増加し、ダイカスト用油剤をはじめ多くの油種で販売が伸びたほか、データセンター向けハードディスク表面潤滑剤など高付加価値製品の売り上げも増加した。」

「Revenue increased as automobile production rose at sites excluding China and the pass-through of higher prices and sales of high-value-added products remained firm in Japan and overseas.」

「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; operating profit was ¥2,457 million, up 158.8%; ordinary profit was ¥2,729 million, up 196.2%; and interim net income attributable to owners of the parent was ¥1,516 million, up 199.5%.」

「Against this backdrop, our group posted higher revenue because automobile production increased at sites excluding China and North America, while in Japan customers secured inventories in response to turmoil in the Middle East.」

「Although automobile production volumes declined in Japan and overseas excluding China and India, net sales increased 1.4% year on year to ¥34,871 million due to higher sales of high-value-added products and restrained selling, general and administrative expenses.」

「Through these initiatives, we will expand our business in overseas markets centered on Southeast/South Asia, North America and China.」

「Net sales were ¥16,865 million, down 1.4% year on year, due in part to lower automobile production volumes in Japan and overseas.」

「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.」

「Net sales for the consolidated fiscal year rose to ¥31,886 million, up 5.1% year on year, due to higher selling prices and increased overseas sales volumes, while operating profit increased substantially to ¥1,225 million, up 134.2%.」

「Against this backdrop, our Group’s net sales rose to ¥23,731 million, up 5.6% year on year, due to higher sales volumes overseas and broad-based increases in selling prices, while operating profit increased substantially to ¥1,050 million, up 105.5%.」

「Sales increased to ¥15,386 million, up 5.9% year on year, due to higher overseas sales volumes and broad-based increases in selling prices, while operating profit rose substantially to ¥528 million, up 78.8%.」

「② China: Although the economy is recovering following the lifting of the zero-COVID policy, the delayed recovery in employment and sluggish property sales are weighing on the recovery in domestic demand. Against this backdrop, specialty lubricants were affected by lower operating rates at Japanese automotive parts manufacturers, while hot-melt adhesives declined due to lower shipments for air-purifier filter applications, resulting in lower sales for both products. As a result, sales to external customers in this segment were ¥670 million, down 21.5% year on year, and segment profit was ¥28 million, down 40.8%. ③ Southeast/South Asia: Specialty lubricants generated higher sales due to increased volumes resulting from higher automobile production and higher selling prices, while hot-melt adhesives generated higher sales due to expanded sales in India and Indonesia. As a result, sales to external customers in this segment were ¥1,679 million, up 31.6% year on year, and segment profit was ¥85 million, up 250.2%. ④ North America: Specialty lubricants generated a substantial increase in sales due to higher volumes resulting from increased automobile production in Mexico. As a result, sales to external customers in this segment were ¥278 million, up 53.0% year on year, but segment profit declined 23.4% from the previous fiscal year to ¥11 million due to higher general and administrative expenses.」

「Sales to external customers were ¥19,637 million in Japan, up 6.8% year on year; ¥3,814 million in China, up 5.2%; ¥5,870 million in Southeast/South Asia, up 30.4%; and ¥1,011 million in North America, up 28.1%.」

「② China: Specialty lubricants generated higher sales due to corrective price increases and the weaker yen. Hot-melt adhesives generated lower sales, primarily because demand for air-purifier filter applications had levelled off. As a result, sales to external customers in this segment were ¥2,813 million, up 7.7% year on year. ③ Southeast/South Asia: Specialty lubricants recorded higher volumes than in the previous year as demand recovered, and sales increased due to corrective price increases and the weaker yen. Hot-melt adhesives generated higher sales due to increased volumes in India and Indonesia. As a result, sales to external customers in this segment were ¥4,274 million, up 27.8% year on year. ④ North America: Volumes declined, partly due to lower operating rates at Japanese automobile manufacturers in Mexico, but sales increased due to corrective price increases and the weaker yen. As a result, sales to external customers in this segment were ¥762 million, up 24.0% year on year.」

「② China: As a result, sales to external customers in this segment were ¥1,737 million, up 3.6% year on year. ③ Southeast/South Asia: As a result, sales to external customers in this segment were ¥2,726 million, up 23.6% year on year. ④ North America: As a result, sales to external customers in this segment were ¥436 million, up 1.0% 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.」

「As the domestic market matures, our Group will actively expand its business in emerging countries where growth is expected in the automotive-related and hygiene materials fields, including specialty lubricants and hot-melt adhesives. In 2020, all sites were forced to experience negative growth due to the impact of COVID-19, but a recovery trend is expected from 2021 onward. Against this backdrop, over the medium to long term, we will continue to regard China, North America and India, where demand for automotive-related products and other products is expected to expand, as important markets and strengthen our organisation to outperform competitors in performance, cost, service and other areas.」

「As the domestic market matures, our Group will actively expand its business in emerging countries where growth is expected in the automotive-related and hygiene materials fields, including specialty lubricants and hot-melt adhesives. In particular, over the medium to long term, we regard China, North America and India, where demand for automotive-related products and other products is expected to expand, as important markets, and will strengthen our organisation to outperform competitors in performance, cost and other areas.」

「Against this business backdrop, our Group will further expand sales of specialty lubricants and hot-melt adhesives in China and Southeast Asia, meet demand from automotive parts manufacturers and disposable diaper manufacturers, and began operating a plant in India in July last year, where market expansion is expected due to its large population and strong future growth, to capture demand for hot-melt adhesives and specialty lubricants. In North America, amid continued weakness in demand for sedans, an area in which Japanese companies are strong, we will seek to expand business with local companies as well as Japanese companies by leveraging local personnel.」

「Against this business backdrop, our Group will further expand sales of specialty lubricants and hot-melt adhesives in China and Southeast Asia, meet demand from automotive parts manufacturers and disposable diaper manufacturers, and begin operating a plant in India in July this year, where demand is expected to expand due to its large population and strong future growth, in order to capture demand for hot-melt adhesives and specialty lubricants. In North America, we will seek to expand business with local companies as well as Japanese companies by leveraging local personnel.」

「Against this business backdrop, our Group will further expand sales of specialty lubricants and hot-melt adhesives in China and Southeast Asia, meet demand from automotive parts manufacturers and disposable diaper manufacturers, and begin operating a plant in India, where strong growth is expected, to capture demand for hot-melt adhesives and specialty lubricants. In North America, we will seek to expand business with local companies as well as Japanese companies by leveraging local personnel.」

「As the domestic automotive market matures, our Group will continue to actively expand its business in emerging countries where growth is expected in the automotive-related and hygiene materials fields, including specialty lubricants and hot-melt adhesives. In particular, over the medium to long term, we regard China and North America, where demand for automotive-related products and other products is expanding, as important markets, and will strengthen our organisation to outperform competitors in marketing, performance, cost and other areas.」

「Against this business backdrop, our Group will further expand sales of lubricants and hot-melt adhesives in China and Southeast Asia while meeting demand from automotive parts manufacturers, disposable diaper manufacturers and others. We will also establish a subsidiary in India, where strong growth is expected, to develop demand for hot-melt adhesives and specialty lubricants. In North America, we are hiring local personnel, strengthening sales and development, and focusing on expanding business with local companies as well as Japanese companies.」

「Against this business backdrop, our Group will secure profits by raising selling prices and further expand sales of lubricants and hot-melt adhesives in China and Southeast Asia, while meeting demand from automotive parts manufacturers, disposable diaper manufacturers and others. We will also establish a subsidiary in India, where strong growth is expected, to develop demand for hot-melt adhesives and specialty lubricants. In North America, we are hiring local personnel, strengthening sales and development, and focusing on expanding business with local companies as well as Japanese companies.」

「Against this business backdrop, our Group is focusing its efforts on China, Southeast Asia and North America, where medium- to long-term growth is expected, and will respond to demand in China, Thailand, Indonesia and surrounding countries, where our subsidiaries have production facilities.」

「Against this business backdrop, our Group is focusing its efforts on China, Southeast Asia and North America, where medium- to long-term growth is expected, and will respond to demand in China, Thailand, Indonesia and surrounding countries, where our subsidiaries have production facilities.」

「Against this business backdrop, our Group is focusing its efforts on China, Southeast Asia and North America, where medium- to long-term growth is expected, and will respond to demand in China, Thailand, Indonesia and surrounding countries, where our subsidiaries have production facilities.」

「Against this business backdrop, our Group is focusing its efforts on China, Southeast Asia and North America, where medium- to long-term growth is expected, and will respond to demand in China, Thailand, Indonesia and surrounding countries, where our subsidiaries have production facilities.」

「As the domestic automotive market matures, our Group will continue to actively expand its business in emerging countries where growth is expected in the automotive-related and hygiene materials fields, including specialty lubricants and hot-melt adhesives. In particular, over the medium to long term, we regard China and North America, where demand for automotive-related products and other products is expanding, as our most important markets, and will strengthen our organisation to outperform competitors in marketing, performance, cost and other areas.」

「Against this business backdrop, our Group is focusing its efforts on China, Southeast Asia and North America, where medium- to long-term growth is expected, and will respond to demand in China, Thailand, Indonesia and surrounding countries, where our subsidiaries have production facilities.」

「Against this business backdrop, our Group is focusing its efforts on China, Southeast Asia and North America, where medium- to long-term growth is expected, and will respond to demand in China, Thailand, Indonesia and surrounding countries, where our subsidiaries have production facilities.」

「Against this business backdrop, our Group is focusing its efforts on China, Southeast Asia and North America, where medium- to long-term growth is expected, and will respond to demand in China, Thailand, Indonesia and surrounding countries, where our subsidiaries have production facilities.」