Declining Revenue, Ordinary Profit and Profit Attributable to Owners of Parent

「Despite the continued decline in domestic crude steel production, demand in Japan and overseas for the Company's refractory products remained generally firm, but net sales were ¥7,945 million, down 3.2% year on year. Operating income was ¥895 million, down 17.2%, and ordinary income was ¥1,223 million, down 10.0%.」

「Consolidated revenue was ¥3,148.4 million, down 1.4% year on year. Operating profit was ¥344.1 million, down 23.6%; ordinary profit was ¥426.8 million, down 15.2%; and profit attributable to owners of the parent was ¥374.0 million, up 19.5%.」

「Consolidated net sales were ¥31,484 million, down 1.4% year on year. Operating income was ¥3,441 million, down 23.6%, ordinary income was ¥4,268 million, down 15.2%, and net income attributable to owners of the parent was ¥3,740 million, up 19.5%.」

「Revenue was ¥1,607.4 million, up 2.8% year on year. Operating profit was ¥190.4 million, down 10.9%, and ordinary profit was ¥230.1 million, down 2.7%, due to increases in cost of sales and selling, general and administrative expenses. Interim profit attributable to owners of the parent was ¥136.4 million, down 10.1%.」

「Revenue was ¥1,564.2 million, up 3.2% year on year. Although exchange-rate movements led to an appreciating yen, the change in sales mix improved the cost ratio, resulting in operating profit of ¥213.8 million, up 28.3%, and ordinary profit of ¥236.5 million, up 8.0%. Interim profit attributable to owners of the parent was ¥151.7 million, up 11.0%.」

「Revenue was ¥2,258.7 million, up 6.0% year on year. Although domestic crude steel production declined, demand for refractories remained steady. Operating profit was ¥243.4 million, down 2.1%, as higher raw-material and transportation costs raised the cost ratio. Ordinary profit was ¥309.1 million, up 3.8%, helped by the impact of the weaker yen on foreign exchange. Quarterly profit attributable to owners of the parent was ¥184.0 million, up 12.4%.」

「Revenue was ¥1,516.2 million, up 8.3% year on year. Although domestic crude steel production declined, demand for refractories remained steady. Despite a higher cost ratio caused by increased raw-material and transportation costs, the weaker yen resulting from exchange-rate movements contributed to operating profit of ¥166.6 million, up 2.8%, and ordinary profit of ¥218.9 million, up 7.2%. Quarterly profit attributable to owners of the parent was ¥136.6 million, up 23.1%.」

「Revenue was ¥726.1 million, up 4.5% year on year. Although domestic crude steel production declined, demand for refractories remained steady. Operating profit was ¥76.3 million, down 7.8%, and ordinary profit was ¥120.3 million, up 2.6%, mainly because continued inflation worsened the cost ratio. Quarterly profit attributable to owners of the parent was ¥77.4 million, up 24.3%.」

「Consolidated revenue was ¥2,868.0 million, up 10.7% year on year. Operating profit was ¥319.9 million, up 3.4%; ordinary profit was ¥379.7 million, up 6.8%; and profit attributable to owners of the parent was ¥211.5 million, up 22.1%.」

「Revenue was ¥2,131.0 million, up 9.1% year on year. Although domestic crude steel production declined, demand for refractories remained steady. Despite a higher cost ratio caused by increased raw-material and transportation costs, higher revenue and other factors resulted in operating profit of ¥248.5 million, up 1.4%, and ordinary profit of ¥297.8 million, up 7.2%. Quarterly profit attributable to owners of the parent was ¥163.7 million, up 11.3%.」

「Revenue was ¥1,399.8 million, up 9.5% year on year. Although domestic crude steel production declined, demand for refractories remained steady. Despite a higher cost ratio caused by increased raw-material and transportation costs, the weaker yen resulting from exchange-rate movements contributed to operating profit of ¥162.1 million, down 3.0%, and ordinary profit of ¥204.2 million, up 12.2%. Quarterly profit attributable to owners of the parent was ¥111.0 million, up 16.6%.」

「Revenue was ¥694.7 million, up 13.8% year on year. Although domestic crude steel production declined, demand for refractories remained steady. Operating profit was ¥82.8 million, up 31.8%, and ordinary profit was ¥117.3 million, up 56.4%, mainly because lower depreciation and other fixed costs reduced the cost burden as revenue increased. Quarterly profit attributable to owners of the parent was ¥62.2 million, up 59.3%.」

「Consolidated revenue was ¥2,590.7 million, up 13.1% year on year. Operating profit was ¥309.2 million, up 48.3%; ordinary profit was ¥355.5 million, up 39.0%; and profit attributable to owners of the parent was ¥173.2 million, up 34.8%.」

「Revenue was ¥1,952.9 million, up 15.8% year on year, as demand for refractories increased with the recovery in domestic and overseas steel production. Operating profit was ¥245.0 million, up 86.2%, and ordinary profit was ¥277.8 million, up 64.2%, mainly because of higher revenue and an improved cost-of-sales ratio. Quarterly profit attributable to owners of the parent was ¥147.1 million, up 86.7%.」

「Revenue was ¥1,278.9 million, up 16.7% year on year, as demand for refractories increased with the recovery in domestic and overseas steel production. Operating profit was ¥167.2 million, up 127.3%, and ordinary profit was ¥182.1 million, up 89.4%, mainly because of higher revenue and an improved cost-of-sales ratio. Quarterly profit attributable to owners of the parent was ¥95.2 million, up 110.7%.」

「Revenue was ¥610.2 million, up 12.5% year on year, as demand for refractories increased amid a recovery in domestic and overseas steel production from the low levels caused by the previous year's infectious disease outbreak. Operating profit was ¥62.8 million, up 84.9%, and ordinary profit was ¥75.0 million, up 79.5%, mainly because higher revenue reduced the burden of fixed costs, including depreciation. Quarterly profit attributable to owners of the parent was ¥39.1 million, up 92.4%.」

「Revenue was ¥1,686.0 million, down 22.5% year on year, as demand for refractories declined amid continued production cuts in the domestic and overseas steel industries. Operating profit was ¥131.6 million, down 55.3%, and ordinary profit was ¥169.2 million, down 45.8%, mainly because of lower revenue and a higher cost-of-sales ratio. Quarterly profit attributable to owners of the parent was ¥78.8 million, down 53.8%.」

「Revenue was ¥1,095.6 million, down 24.3% year on year, as demand for refractories declined amid continued production cuts in the domestic and overseas steel industries. Operating profit was ¥73.5 million, down 61.9%, and ordinary profit was ¥96.1 million, down 51.2%, mainly because of lower revenue and a higher cost-of-sales ratio. Quarterly profit attributable to owners of the parent was ¥45.2 million, down 43.3%.」

「Revenue was ¥542.2 million, down 23.4% year on year, as demand for refractories declined amid continued production cuts in the domestic and overseas steel industries. Operating profit was ¥34.0 million, down 63.3%, and ordinary profit was ¥41.8 million, down 57.8%, mainly because the decline in revenue increased the burden of fixed costs, including depreciation. Quarterly profit attributable to owners of the parent was ¥20.3 million, down 62.2%.」

「Consolidated revenue was ¥2,802.6 million, up 3.1% year on year. Operating profit was ¥331.9 million, down 3.6%, and ordinary profit was ¥349.6 million, down 4.8%, partly because the decline in fourth-quarter revenue raised the cost ratio. Profit attributable to owners of the parent was ¥134.3 million, down 34.0%, after the company recorded an impairment loss on investment securities of ¥79.7 million amid falling share prices in the stock market.」

「Revenue was ¥2,176.5 million, up 5.2% year on year, supported by steady sales of refractory bricks and monolithic refractories to major customers, steelmakers, and of new-materials-related products, despite a slight decline from the second to the third quarter. The surge in raw-material procurement costs that continued through the end of 2018 had settled, but profitability deteriorated because of higher raw-material and depreciation costs associated with using the stockpiled materials. Cost of sales increased by ¥117.3 million year on year, or 8.1%, and selling, general and administrative expenses increased by ¥12.0 million, or 4.0%, resulting in operating profit of ¥294.1 million, down 6.9%. In addition to the decline in operating profit, the yen was stronger than in the same period of the previous year, and the company recorded a foreign exchange loss of ¥5.7 million in the cumulative third quarter. Ordinary profit was ¥312.4 million, down 6.4%. A reversal of the provision for compensation losses of ¥10.9 million contributed to quarterly profit attributable to owners of the parent of ¥170.7 million, up 3.2%.」

「Revenue was ¥1,448.0 million, up 9.2% year on year, supported by steady sales of refractory bricks and monolithic refractories to major customers, steelmakers, and of new-materials-related products, despite a slight decline from the latter half of the second quarter. Ordinary profit was ¥197.0 million, down 4.9%. Quarterly profit attributable to owners of the parent was ¥79.7 million, down 32.3%.」

「Revenue was ¥708.3 million, up 6.9% year on year, supported by steady sales of refractory bricks and monolithic refractories to major customers, steelmakers, as well as steady sales of new-materials-related products. Although the increase in revenue reduced the relative burden of fixed costs, higher procurement costs, particularly raw-material costs, and higher depreciation expenses weighed on results. Cost of sales therefore increased by ¥49.1 million year on year, resulting in operating profit of ¥92.6 million, down 6.7%. Ordinary profit was ¥99.0 million, down 8.4%, after the company recorded a foreign exchange loss of ¥5.0 million as the yen was on an appreciating trend, despite a ¥0.6 million increase in dividend income. Quarterly profit attributable to owners of the parent was ¥53.7 million, down 14.1%.」

「Consolidated revenue was ¥2,719.5 million, up 19.9% year on year. Operating profit was ¥344.1 million, up 30.8%; ordinary profit was ¥367.0 million, up 24.8%; and profit attributable to owners of the parent was ¥203.4 million, up 15.0%.」

「Revenue was ¥2,069.1 million, up 21.0% year on year, supported by steady sales of refractory bricks and monolithic refractories to major customers, steelmakers, as well as higher sales of new-materials-related products. Although procurement costs, particularly raw-material costs, increased, the increase in revenue reduced the relative burden of fixed costs and improved profitability. Cost of sales therefore rose by only ¥214.4 million year on year, while selling, general and administrative expenses increased by only ¥12.7 million, resulting in operating profit of ¥316.0 million, up 71.2%. Ordinary profit was ¥333.6 million, up 53.8%. Dividend income increased by ¥2.2 million year on year, mainly because dividends from securities held increased, but foreign exchange gains of ¥10.2 million recorded in the cumulative third quarter of the previous year changed to a foreign exchange loss of ¥5.3 million in the current cumulative third quarter. Quarterly profit attributable to owners of the parent was ¥165.4 million, up 30.6%.」

「Revenue was ¥662.6 million, up 19.2% year on year, supported by steady sales of refractory bricks and monolithic refractories to major customers, steelmakers, as well as higher sales of new-materials-related products. In terms of profits, the increase in revenue reduced the relative burden of fixed costs and improved profitability. Although procurement costs, particularly raw-material costs, increased, cost of sales rose by only ¥71.8 million year on year, while selling, general and administrative expenses also increased by only ¥5.8 million. As a result, operating profit was ¥99.2 million, up 41.0%. Ordinary profit was ¥108.2 million, up 28.4%. Mainly because dividends from securities held increased, interest and dividend income rose by ¥1.1 million year on year. Meanwhile, as the yen was on an appreciating trend, the company recorded a foreign exchange loss of ¥1.6 million, compared with a foreign exchange gain of ¥4.3 million in the cumulative first quarter of the previous year. Quarterly profit attributable to owners of the parent was ¥62.5 million, up 18.0%.」

「Consolidated revenue was ¥2,268.2 million, up 15.8% year on year. Operating profit was ¥263.1 million, up 97.9%; ordinary profit was ¥294.2 million, up 97.3%; and profit attributable to owners of the parent was ¥176.9 million, up 89.6%.」

「Revenue was ¥1,710.3 million, up 16.7% year on year. Operating profit was ¥184.5 million, up 78.4%; ordinary profit was ¥216.9 million, up 80.3%; and quarterly profit attributable to owners of the parent was ¥126.7 million, up 62.2%.」

「Revenue was ¥1,119.6 million, up 14.0% year on year. Operating profit was ¥124.3 million, up 59.8%; ordinary profit was ¥145.2 million, up 172.2%; and quarterly profit attributable to owners of the parent was ¥88.0 million, up 162.6%.」

「Revenue was ¥556.1 million, up 13.5% year on year. Operating profit was ¥70.4 million, up 66.6%; ordinary profit was ¥84.2 million, up 304.2%; and quarterly profit attributable to owners of the parent was ¥53.0 million, compared with a loss of ¥191 million in the same period of the previous year.」

「Consolidated revenue was ¥1,959.0 million, down 2.6% year on year. Operating profit was ¥132.9 million, up 4.4%; ordinary profit was ¥149.1 million, up 10.3%; and profit attributable to owners of the parent was ¥93.3 million, up 43.8%.」

「Revenue was ¥1,465.5 million, down 2.5% year on year. Operating profit was ¥103.4 million, up 18.9%; ordinary profit was ¥120.3 million, up 6.7%; and quarterly profit attributable to owners of the parent was ¥78.1 million, up 59.7%.」

「Revenue was ¥981.8 million, down 2.8% year on year. Operating profit was ¥77.8 million, up 44.0%; ordinary profit was ¥53.3 million, down 25.8%; and quarterly profit attributable to owners of the parent was ¥33.5 million, up 19.4%.」

「Net sales were ¥4,901 million, down 2.1% year on year. By profit measure, operating income was ¥422 million, up 44.4% year on year; ordinary income was ¥208 million, down 57.4%; and the quarterly net loss attributable to owners of the parent was ¥191 million, compared with profit of ¥273 million in the same period of the previous year.」

「Consolidated net sales were ¥20,111 million, down 0.6% year on year. By profit measure, operating income was ¥1,272 million, up 7.4% year on year; ordinary income was ¥1,352 million, down 24.7%; and net income attributable to owners of the parent was ¥648 million, down 36.7%.」