Deliveries to Overseas Customers and Product Sales Expansion

「We also began deliveries of brake hoses to emerging four-wheel EV manufacturers in the United States and Asia.」

「Increased sales to European manufacturers resulted in net sales of ¥4,127 million (¥3,610 million in the previous year) and operating income of ¥99 million (¥23 million in the previous year). Deliveries of products for BMW motorcycles also began.」

「In North America, demand for hybrid vehicles, an area of strength for Japanese automakers, remained strong. Deliveries of parts for Harley-Davidson also began in July last year. As a result, net sales were ¥3,734 million (¥3,140 million in the same quarter of the previous year) and operating income was ¥264 million (¥257 million in the same quarter of the previous year).」

「China Although sales to local manufacturers increased as demand for EVs accelerated in China, sales were affected by sluggish sales of gasoline-powered vehicles by Japanese automakers. Net sales were ¥12,636 million (¥13,401 million in the previous consolidated fiscal year) and operating income was ¥1,564 million (¥1,840 million in the previous consolidated fiscal year).」

「China Although sales to local manufacturers increased as demand for EVs accelerated in China, sales were affected by sluggish sales of gasoline-powered vehicles by Japanese automakers. Net sales were ¥8,971 million (¥9,984 million in the same quarter of the previous year) and operating income was ¥1,036 million (¥1,141 million in the same quarter of the previous year).」

「In the air-conditioning business, orders for bent air-conditioning hoses with an inner resin lining for overseas customers are increasing, and production is being arranged. Initiatives to reduce costs are also continuing.」

「Although COVID-19 infections continued to spread domestically in each country, motorcycle brake hoses within the region remained steady and sales to North America and Europe were recovering. As a result, net sales were ¥8,515 million (¥5,906 million in the same quarter of the previous year) and operating income was ¥1,690 million (¥1,085 million in the same quarter of the previous year).」

「Mass production also began for bent air-conditioning hoses with an inner resin lining for Tesla.」

「In Europe, although customers suspended production in late March due to the impact of COVID-19, new orders from PSA contributed to net sales of ¥1,487 million (¥1,454 million in the same quarter of the previous year) and an operating loss of ¥42 million (an operating loss of ¥36 million in the same quarter of the previous year).」

「In addition to increased sales of motorcycle brake hoses resulting from the adoption of ABS, fuel hose sales remained steady. Net sales were ¥17,157 million (¥15,700 million in the previous consolidated fiscal year) and operating income was ¥3,662 million (¥3,739 million in the previous consolidated fiscal year).」

「In addition to increased sales of motorcycle brake hoses resulting from the adoption of ABS, fuel hose sales remained steady. Net sales were ¥12,660 million (¥11,446 million in the same quarter of the previous year) and operating income was ¥2,786 million (¥2,735 million in the same quarter of the previous year).」

「In addition to increased sales of motorcycle brake hoses resulting from the adoption of ABS, fuel hose sales remained steady. Net sales were ¥8,328 million (¥7,389 million in the same quarter of the previous year) and operating income was ¥1,793 million (¥1,771 million in the same quarter of the previous year).」

「In addition to increased sales of motorcycle brake hoses resulting from the adoption of ABS, fuel hose sales remained steady. Net sales were ¥4,172 million (¥3,775 million in the same quarter of the previous year) and operating income was ¥935 million (¥918 million in the same quarter of the previous year).」

「In addition to steady domestic sales to our customers, overseas demand, particularly from China and Asia, also remained steady. Furthermore, mass production of the new IHX (internal heat exchanger) began in October last year. As a result, net sales were ¥23,974 million (¥23,280 million in the same quarter of the previous year) and operating income was ¥1,659 million (¥1,724 million in the same quarter of the previous year). In addition to increased sales of motorcycle brake hoses resulting from the adoption of ABS, sales of newly launched fuel hoses remained steady. Net sales were ¥11,446 million (¥10,374 million in the same quarter of the previous year) and operating income was ¥2,735 million (¥2,684 million in the same quarter of the previous year).」

「In addition to steady domestic sales to our customers, overseas demand, particularly from China and Asia, also remained steady. Furthermore, mass production of the new IHX (internal heat exchanger) began in October last year. As a result, net sales were ¥16,066 million (¥15,399 million in the same quarter of the previous year) and operating income was ¥1,229 million (¥1,232 million in the same quarter of the previous year). In addition to increased sales of motorcycle brake hoses resulting from the adoption of ABS, sales of newly launched fuel hoses remained steady. Net sales were ¥7,389 million (¥6,595 million in the same quarter of the previous year) and operating income was ¥1,771 million (¥1,674 million in the same quarter of the previous year).」

「Although the tax reduction for small vehicles was abolished, SUVs continued to perform well and sales of hoses for automotive air conditioners showed an expansionary trend in both domestic and overseas demand. As a result, net sales were ¥3,007 million (¥2,480 million in the same quarter of the previous year). Operating income was ¥514 million (¥408 million in the same quarter of the previous year), as the effects of mass production were added to ongoing productivity improvement initiatives. In addition to increased sales of motorcycle brake hoses resulting from the adoption of ABS, sales of newly launched fuel hoses remained steady. Net sales were ¥3,775 million (¥3,448 million in the same quarter of the previous year) and operating income was ¥918 million (¥924 million in the same quarter of the previous year).」

「In addition to sales of brake hoses for motorcycles, sales of newly launched fuel hoses remained steady. The recovery of the Thai market, which had been sluggish due to political uncertainty, also contributed. Net sales were ¥14,240 million (¥11,683 million in the previous consolidated fiscal year) and operating income was ¥3,752 million (¥2,806 million in the previous consolidated fiscal year).」

「In addition to sales of brake hoses for motorcycles, sales of newly launched fuel hoses remained steady. The recovery of the Thai market, which had been sluggish due to political uncertainty, also contributed. Net sales were ¥10,374 million (¥8,521 million in the same quarter of the previous year) and operating income was ¥2,684 million (¥2,058 million in the same quarter of the previous year).」

「In addition to sales of brake hoses for motorcycles, sales of newly launched fuel hoses remained steady. The recovery of the Thai market, which had been sluggish due to political uncertainty, also contributed. Net sales were ¥6,595 million (¥5,767 million in the same quarter of the previous year) and operating income was ¥1,674 million (¥1,401 million in the same quarter of the previous year).」

「In addition to sales of brake hoses for motorcycles, sales of newly launched fuel hoses and sales to GM in Vietnam remained steady. Net sales were ¥3,448 million (¥3,005 million in the same quarter of the previous year) and operating income was ¥924 million (¥792 million in the same quarter of the previous year).」

「Although domestic demand showed some weakness in both the motorcycle and passenger vehicle markets, increased sales of newly launched fuel hoses and strong sales to GM in Vietnam, in addition to sales of brake hoses for motorcycles, resulted in net sales of ¥11,683 million (¥11,822 million in the previous consolidated fiscal year) and operating income of ¥2,806 million (¥2,743 million in the previous consolidated fiscal year).」

「Although domestic demand showed some weakness in both the motorcycle and passenger vehicle markets, sales of brake hoses for motorcycles, increased sales of newly launched fuel hoses, and strong sales from deliveries to GM in Vietnam, which began in April last year, resulted in net sales of ¥8,521 million (¥8,692 million in the same quarter of the previous year) and operating income of ¥2,058 million (¥2,034 million in the same quarter of the previous year).」

「In addition to steady domestic sales to our customers, overseas sales also benefited from the start of deliveries to VW in April last year. As a result, net sales were ¥14,079 million (¥14,002 million in the same quarter of the previous year) and operating income was ¥853 million (¥755 million in the same quarter of the previous year). Although domestic demand showed some weakness in both the motorcycle and passenger vehicle markets, sales of fuel hoses for motorcycles expanded, and deliveries to GM in Vietnam began in April last year. As a result, net sales were ¥5,767 million (¥5,808 million in the same quarter of the previous year) and operating income was ¥1,401 million (¥1,303 million in the same quarter of the previous year).」