Revenue Decline in Overseas Regional Segments and North America's Shift to a Loss

「Net sales in North America were ¥1,113 million, up 8.2% year on year, due to increased demand for refractories. Segment income was ¥105 million, up 79.1%. Net sales in Europe also increased by 17.3% year on year to ¥1,269 million due to increased demand for refractories. Segment income was ¥117 million, up 58.3%.」

「North America revenue was ¥4,069 million, down 12.5% year on year due to lower refractory demand. Segment profit was ¥292 million, down 33.4% year on year, due in part to the impact of tariff policies. Europe revenue was ¥4,518 million, up 2.3% year on year, as solid refractory demand was maintained. Segment profit was ¥396 million, up 12.1% year on year. Asia revenue was ¥829 million, down 7.5% year on year due to lower refractory demand. Segment profit was ¥70 million, down 46.4% year on year.」

「Net sales in North America were ¥4,069 million, down 12.5% year on year, due to lower demand for refractories. Segment income was ¥292 million, down 33.4%, due in part to the impact of tariff policies.」

「① Japan Domestic revenue was ¥11,170 million, up 5.7% year on year, supported by solid refractory demand. Segment profit was ¥1,780 million, down 9.3% year on year. ② North America North America revenue was ¥2,089 million, up 1.0% year on year, supported by solid refractory demand. Segment profit was ¥110 million, down 25.3% year on year. ③ Europe Europe revenue was ¥2,247 million, down 5.0% year on year due to weaker refractory demand. Segment profit was ¥172 million, down 5.9% year on year. ④ Asia Asia revenue was ¥421 million, down 9.4% year on year due to weaker refractory demand. Segment profit was ¥46 million, down 33.6% year on year. ⑤ Other Other revenue was ¥144 million, down 15.3% year on year. Segment profit was ¥57 million, down 3.7% year on year.」

「② North America North America revenue was ¥2,068 million, up 15.8% year on year, supported by solid refractory demand. Segment profit was ¥148 million, up 119.9% year on year. ③ Europe Europe revenue was ¥2,366 million, up 11.3% year on year, supported by solid refractory demand. Segment profit was ¥183 million, up 21.7% year on year. ④ Asia Asia revenue was ¥465 million, up 4.2% year on year, supported by solid refractory demand. Segment profit was ¥69 million, down 11.0% year on year.」

「② North America North America revenue was ¥2,667 million, up 15.6% year on year, as higher costs were passed through into selling prices. Segment profit was ¥102 million, up 739.6% year on year. ③ Europe Europe revenue was ¥3,205 million, up 4.9% year on year, supported by solid refractory demand. An improved cost-of-sales ratio resulted in segment profit of ¥235 million, up 24.8% year on year. ④ Asia Asia revenue was ¥649 million, down 1.1% year on year. Segment profit was ¥114 million, down 6.8% year on year. ⑤ Other Other revenue was ¥252 million, down 5.8% year on year. Segment profit was ¥50 million, up 177.8% year on year.」

「② North America North America revenue was ¥1,785 million, up 14.8% year on year, supported by solid refractory demand. Segment profit was ¥67 million, up 450.8% year on year. ③ Europe Europe revenue was ¥2,125 million, down 1.4% year on year due to lower crude steel production. Segment profit was ¥150 million, up 3.9% year on year. ④ Asia Asia revenue was ¥447 million, up 4.0% year on year, supported by solid refractory demand. Segment profit was ¥77 million, up 5.0% year on year.」

「② North America North America revenue was ¥838 million, up 18.4% year on year, supported by solid refractory demand. Segment profit was ¥38 million, up 262.4% year on year. ③ Europe Europe revenue was ¥1,015 million, down 5.5% year on year, due to weaker refractory demand following a decline in crude steel production. Segment profit was ¥25 million, down 51.2% year on year. ④ Asia Asia revenue was ¥225 million, up 15.8% year on year, supported by solid refractory demand. Segment profit was ¥37 million, up 2.8% year on year.」

「North America revenue was ¥3,096 million, up 26.8% year on year, as solid refractory demand was maintained. Higher revenue resulted in segment profit of ¥81 million, up 8.8% year on year. Europe revenue was ¥4,006 million, up 28.4% year on year, as solid refractory demand was maintained. Higher revenue resulted in segment profit of ¥255 million, up 124.3% year on year. Asia revenue was ¥881 million, up 17.2% year on year, as solid refractory demand was maintained. Segment profit was ¥170 million, up 51.3% year on year.」

「② North America　North America revenue was ¥2,307 million, up 30.9% year on year, supported by solid refractory demand. Higher raw material and other costs worsened the cost-of-sales ratio, as in Japan, and segment profit was ¥12 million, down 35.0% year on year. ③ Europe　Europe revenue was ¥3,055 million, up 36.5% year on year, supported by solid refractory demand. Higher revenue improved the selling, general and administrative expense ratio to revenue, and segment profit was ¥188 million, up 131.1% year on year. ④ Asia　Asia revenue was ¥657 million, up 19.0% year on year, supported by solid refractory demand. Segment profit was ¥123 million, up 43.7% year on year.」

「② North America North America revenue was ¥1,554 million, up 30.6% year on year, supported by solid refractory demand. Higher raw material and other costs worsened the cost-of-sales ratio, as in Japan, and segment profit was ¥12 million, down 22.0% year on year. ③ Europe Europe revenue was ¥2,155 million, up 48.0% year on year, supported by solid refractory demand. Higher revenue improved the selling, general and administrative expense ratio to revenue, and segment profit was ¥145 million, up 74.2% year on year. ④ Asia Asia revenue was ¥429 million, up 25.4% year on year, supported by solid refractory demand. Segment profit was ¥74 million, up 48.3% year on year.」

「② North America North America revenue was ¥708 million, up 21.8% year on year, supported by solid refractory demand. Segment profit was ¥10 million, up 138.5% year on year. ③ Europe Europe revenue was ¥1,074 million, up 48.5% year on year, supported by solid refractory demand. Segment profit was ¥51 million, up 32.4% year on year. ④ Asia Asia revenue was ¥194 million, up 31.4% year on year, supported by solid refractory demand. Segment profit was ¥36 million, up 87.4% year on year.」

「North America revenue was ¥2,441 million, up 26.2% year on year, due to higher demand for refractories associated with the recovery of the steel industry. As in Japan, higher revenue and an improved cost-of-sales ratio resulted in segment profit of ¥74 million, compared with profit of ¥0 million in the previous year. Europe revenue was ¥3,121 million, up 65.8% year on year, due to economic recovery and higher demand for refractories associated with increased steel production. Higher revenue resulted in segment profit of ¥114 million, up 7.3% year on year. Asia revenue was ¥751 million, up 23.7% year on year, due to higher demand for refractories associated with the recovery of the steel industry. Segment profit was ¥112 million, up 67.4% year on year.」

「② North America North America revenue was ¥1,762 million, up 30.7% year on year, due to higher demand for refractories associated with the recovery of the steel industry. As in Japan, higher revenue and an improved cost-of-sales ratio resulted in segment profit of ¥18 million, compared with a loss of ¥19 million in the same period of the previous year. ③ Europe Europe revenue was ¥2,237 million, up 66.8% year on year, due to economic recovery and higher demand for refractories associated with increased steel production. Segment profit was ¥81 million, up 67.5% year on year. ④ Asia Asia revenue was ¥552 million, up 29.5% year on year, due to higher demand for refractories associated with the recovery of the steel industry. Segment profit was ¥85 million, up 124.9% year on year.」

「② North America North America revenue was ¥1,190 million, up 43.6% year on year, due to higher demand for refractories associated with the recovery of the steel industry. As in Japan, higher revenue and an improved cost-of-sales ratio resulted in segment profit of ¥15 million, compared with a loss of ¥51 million in the same period of the previous year. ③ Europe Europe revenue was ¥1,456 million, up 71.2% year on year, due to economic recovery and higher demand for refractories associated with increased steel production. As in Japan, higher revenue and an improved cost-of-sales ratio resulted in segment profit of ¥83 million, up 139.5% year on year. ④ Asia Although some steel production cuts were observed in Asia, changes in customers and the sales mix contributed to revenue of ¥342 million, up 22.6% year on year. Segment profit was ¥50 million, up 154.4% year on year.」

「① Japan　Domestic revenue was ¥4,564 million, up 4.0% year on year, due to higher demand for refractories associated with the recovery and increased production of the steel industry. Segment profit was ¥678 million, up 57.6% year on year. ② North America　North America revenue was also affected by higher demand for refractories associated with increased steel production, rising 56.9% year on year to ¥581 million. Segment profit was ¥4 million, compared with a loss of ¥27 million in the same period of the previous year. ③ Europe　Europe revenue was also affected by higher demand for refractories associated with increased steel production, rising 67.4% year on year to ¥723 million. Segment profit was ¥38 million, up 145.6% year on year. ④ Asia　Asia revenue was ¥148 million, down 5.1% year on year, due to changes in customers and the sales mix. Segment profit was ¥19 million, up 77.2% year on year. ⑤ Other　Other revenue showed signs of recovery compared with the previous year, which was affected by the spread of the novel infectious disease, rising 16.2% year on year to ¥85 million. Segment profit was ¥13 million, compared with a loss of ¥1 million in the same period of the previous year.」

「② North America North America revenue was ¥1,348 million, down 21.6% year on year, due to lower demand for refractories associated with reduced steel production. Despite the decline in revenue, cost reductions and other measures limited the segment loss to ¥19 million, compared with a loss of ¥24 million in the same period of the previous year. ③ Europe Europe revenue was ¥1,341 million, down 42.0% year on year, due to lockdowns and lower demand for refractories associated with reduced steel production. As in Japan, lower revenue and a higher cost-of-sales ratio resulted in segment profit of ¥48 million, down 78.8% year on year. ④ Asia Although some steel production cuts were observed in Asia, changes in customers and the sales mix contributed to revenue of ¥426 million, up 5.1% year on year. Segment profit was ¥38 million, up 70.6% year on year.」

「① Japan Domestic revenue was ¥8,860 million, down 20.2% year on year, due to lower demand for refractories associated with reduced steel production. In response to lower revenue and a higher cost-of-sales ratio, segment profit was ¥921 million, down 51.7% year on year. ② North America North America revenue was ¥829 million, down 28.3% year on year, due to lower demand for refractories associated with reduced steel production. As in Japan, lower revenue and a higher cost-of-sales ratio resulted in a segment loss of ¥51 million, compared with a loss of ¥9 million in the same period of the previous year. ③ Europe Europe revenue was ¥850 million, down 49.7% year on year, due to lockdowns and lower demand for refractories associated with reduced steel production. As in Japan, lower revenue and a higher cost-of-sales ratio resulted in segment profit of ¥34 million, down 80.8% year on year. ④ Asia Although some steel production cuts were observed in Asia, changes in customers and the sales mix contributed to revenue of ¥279 million, up 4.4% year on year. Segment profit was ¥19 million, down 10.7% year on year. ⑤ Other Other revenue was significantly affected by the spread of the infectious disease, declining 46.5% year on year to ¥137 million. Segment loss was ¥6 million, compared with profit of ¥83 million in the same period of the previous year.」

「① Japan Domestic revenue was ¥4,390 million, down 19.5% year on year, due to lower demand for refractories associated with reduced steel production. Segment profit was ¥430 million, down 52.8% year on year. ② North America North America revenue was also affected by lower demand for refractories associated with reduced steel production, declining 38.4% year on year to ¥370 million. Segment loss was ¥27 million, compared with a loss of ¥1 million in the same period of the previous year. ③ Europe Europe revenue was also affected by lower demand for refractories associated with reduced steel production, declining 45.7% year on year to ¥432 million. Segment profit was ¥15 million, down 82.9% year on year. ④ Asia Although some steel production cuts were observed in Asia, changes in customers and the sales mix contributed to revenue of ¥156 million, up 10.9% year on year. Segment profit was ¥10 million, down 44.9% year on year. ⑤ Other Other revenue was significantly affected by the spread of COVID-19, declining 19.5% year on year to ¥73 million. Segment loss was ¥1 million, compared with profit of ¥40 million in the same period of the previous year.」

「North America revenue was ¥2,320 million, down 14.3% year on year. Although sales increased slightly in the second half of the year, higher costs, as in Japan, resulted in a segment loss of ¥18 million, compared with profit of ¥83 million in the previous year. Europe revenue was ¥2,910 million, down 2.5% year on year. Following the third quarter, sales failed to grow in the fourth quarter, and higher cost of sales resulted in segment profit of ¥247 million, down 8.7% year on year. Asia revenue was ¥557 million, down 7.7% year on year. Although sales increased slightly in the fourth quarter, as in the third quarter, changes in the sales mix resulted in segment profit of ¥29 million, down 65.2% year on year.」

「② North America North America revenue was ¥1,720 million, down 6.8% year on year. Sales failed to grow from the second to the third quarter, and higher cost of sales resulted in a segment loss of ¥24 million, compared with segment profit of ¥53 million in the same period of the previous year. ③ Europe Europe revenue was ¥2,312 million, down 0.6% year on year. Sales failed to grow in the third quarter and higher cost of sales resulted in segment profit of ¥230 million, down 12.1% year on year. ④ Asia Asia revenue was ¥405 million, down 5.0% year on year. Although sales increased slightly in the third quarter, changes in the sales mix resulted in segment profit of ¥22 million, down 50.6% year on year.」

「② North America North America revenue was ¥1,156 million, down 2.7% year on year. Sales failed to grow in the latter half of the second quarter of the current consolidated fiscal period, and higher cost of sales resulted in a segment loss of ¥9 million, compared with segment profit of ¥42 million in the same period of the previous year. ③ Europe Europe revenue was ¥1,690 million, up 15.2% year on year. However, higher cost of sales limited segment profit to ¥181 million, up 3.1% year on year. ④ Asia Asia revenue was ¥267 million, down 1.6% year on year. Segment profit was ¥22 million, up 115.5% year on year.」

「② North America　North America revenue was ¥601 million, up 3.0% year on year. Segment loss was ¥1 million, compared with segment profit of ¥25 million in the same period of the previous year. The US economy remained firm and sales were solid, but profit was weak because of higher cost of sales, as in Japan. ③ Europe　Europe revenue was ¥796 million, up 14.9% year on year. Segment profit was ¥92 million, down 8.5% year on year. Sales remained strong, but profit was weak because of higher cost of sales, as in Japan. ④ Asia　Asia revenue was ¥140 million, up 7.7% year on year. Segment profit was ¥19 million, compared with a loss of ¥1 million in the same period of the previous year. Both sales and production remained strong, and profit increased.」

「North America revenue was ¥2,707 million, up 26.4% year on year. Segment profit was ¥83 million, up 66.9% year on year. Europe revenue was ¥2,984 million, up 11.5% year on year. Segment profit was ¥270 million, up 32.5% year on year. Asia revenue was ¥603 million, up 9.2% year on year. Segment profit was ¥83 million, up 14.5% year on year.」

「② North America North America revenue was ¥1,845 million, up 15.8% year on year. Segment profit was ¥53 million, compared with a loss of ¥22 million in the same period of the previous year. The US economy remained firm, and strong customer inquiries led to improvements in both revenue and profit. ③ Europe Europe revenue was ¥2,327 million, up 16.2% year on year. Segment profit was ¥261 million, up 92.8% year on year. Sales remained strong, and profitability improved as changes in the sales mix led to improvements in both revenue and profit. ④ Asia Asia revenue was ¥426 million, up 7.6% year on year. Segment profit was ¥45 million, up 9.2% year on year. Sales have gradually increased, and both revenue and profit improved despite rising manufacturing costs.」

「② North America North America revenue was ¥583 million, up 10.0% year on year. Segment profit was ¥25 million, compared with a loss of ¥2 million in the same period of the previous year. ③ Europe Europe revenue was ¥693 million, up 9.7% year on year. Segment profit was ¥100 million, up 152.4% year on year. ④ Asia Asia revenue was ¥130 million, up 2.2% year on year. Segment loss was ¥1 million, compared with segment profit of ¥11 million in the same period of the previous year.」

「North America revenue was ¥2,142 million, down 0.4% year on year. Segment profit was ¥49 million, up 736.1% year on year.」

「② North America North America revenue was ¥1,593 million, down 2.2% year on year. Segment loss was ¥22 million, compared with a loss of ¥17 million in the same period of the previous year. ③ Europe Europe revenue was ¥2,003 million, up 15.3% year on year. Segment profit was ¥135 million, up 26.2% year on year. ④ Asia Asia revenue was ¥396 million, down 0.2% year on year. Segment profit was ¥41 million, down 30.3% year on year.」

「② North America　North America revenue was ¥1,076 million, down 6.6% year on year. Segment loss was ¥9 million, compared with a loss of ¥1 million in the same period of the previous year. ③ Europe　Europe revenue was ¥1,380 million, up 18.4% year on year. Segment profit was ¥91 million, up 21.2% year on year. ④ Asia　Asia revenue was ¥259 million, down 0.7% year on year. Segment profit was ¥21 million, down 39.9% year on year.」

「② North America　North America revenue was ¥530 million, down 10.1% year on year. Segment loss was ¥2 million, compared with segment profit of ¥0 million in the same period of the previous year. ③ Europe　Europe revenue was ¥632 million, up 0.5% year on year. Segment profit was ¥39 million, down 0.8% year on year. ④ Asia　Asia revenue was ¥127 million, up 0.5% year on year. Segment profit was ¥11 million, down 11.7% year on year.」

「North America revenue was ¥2,150 million, down 16.6% year on year. Segment profit was ¥5 million, down 80.0% year on year.」

「② North America　North America revenue was ¥1,629 million, down 14.6% year on year. Segment loss was ¥17 million, unchanged from the same period of the previous year. ③ Europe　Europe revenue was ¥1,736 million, down 7.6% year on year. Segment profit was ¥107 million, down 17.5% year on year. ④ Asia　Asia revenue was ¥397 million, down 20.5% year on year. Segment profit was ¥59 million, down 26.7% year on year.」

「North America revenue was ¥1,152 million, down 16.1% year on year. Segment loss was ¥1 million, compared with segment profit of ¥6 million in the same period of the previous year. ③ Europe　Europe revenue was ¥1,165 million, down 6.0% year on year. Segment profit was ¥75 million, down 14.9% year on year. ④ Asia　Asia revenue was ¥261 million, down 20.1% year on year. Segment profit was ¥36 million, down 29.8% year on year.」