Initiatives to Improve Profitability

「Amid this business environment, our group continued self-help efforts such as improving production costs and streamlining logistics, while actively promoting measures to capture volume and reduce costs, alongside passing on to selling prices cost increases that were difficult to absorb internally.」

「The Group will respond appropriately to changes in the business environment and steel market and build an even more resilient corporate structure by continuing self-help efforts such as improving production costs and enhancing logistics efficiency, then completing the pass-through into selling prices of cost increases that are difficult to absorb internally, strengthening market competitiveness, expanding market share, developing demand, upgrading the product mix, reducing variable and fixed costs, pursuing synergies through integrated operations with subsidiaries, strengthening the management foundation, and renewing core systems to support operational reforms, thereby securing and expanding earnings and pursuing sustainable growth.」

「As a group, we will continue efforts to secure and expand earnings and achieve sustainable growth by responding accurately to changes in the business environment and steel market. In addition to continuing self-help efforts such as improving production costs and streamlining logistics, we will complete the pass-through to selling prices of cost increases that are difficult to absorb internally, strengthen market competitiveness, expand market share, develop demand, upgrade our product mix, reduce variable and fixed costs, pursue synergies through integrated operations with subsidiaries, strengthen our management platform, and renew our core systems to support reforms in business operations.」

「Against this business backdrop, the Group actively promoted passing these cost increases through to selling prices, capturing demand for imported wire substitutes and implementing cost-reduction measures.」

「The Group will respond appropriately to changes in the business environment and steel market and build an even more resilient corporate structure by completing the pass-through of higher costs into selling prices, strengthening market competitiveness, expanding market share, developing demand, upgrading the product mix, reducing variable and fixed costs, strengthening the management foundations of subsidiaries and withdrawing from unprofitable businesses, thereby securing and expanding earnings and pursuing sustainable growth.」

「Against this business backdrop, the Group actively promoted passing these cost increases through to selling prices, steadily capturing demand for bolt and screw wire products, securing sales volumes by winning demand for imported wire substitutes and expanding sales of wire rope, and implementing cost-reduction measures.」

「The company has a diverse range of high-value-added products, including number-one and one-of-a-kind products supported by advanced plating and forming technologies and product development capabilities. Using these differentiated products and short-lead-time delivery from manufacturing bases in eastern and western Japan as competitive advantages, it will provide solution-based sales to customers through integrated sales, manufacturing and engineering operations, while expanding sales in existing markets and developing new ones.」

「Against this backdrop, the Group actively promoted improving selling prices to reflect these cost increases, securing sales volumes including by capturing recovering demand from the automotive sector and expanding orders for domestic and overseas power projects, and implementing cost-reduction measures.」

「Against this backdrop, the Group actively promoted improving selling prices to reflect these cost increases, securing sales volumes including by capturing demand for imported wire substitutes and expanding orders for domestic and overseas power projects, and implementing cost-reduction measures.」

「Against this backdrop, the Group actively promoted improving selling prices to reflect these cost increases, securing sales volumes including by expanding orders for overseas power projects, and reducing both variable and fixed costs.」

「The Group will respond appropriately to changes in the business environment and steel market and build an even more resilient corporate structure by completing the pass-through of higher costs into selling prices, strengthening market competitiveness, expanding market share, developing demand, improving the product mix, reducing various costs, and strengthening the management foundations of domestic and overseas subsidiaries and affiliates, thereby securing and expanding earnings and pursuing sustainable growth.」

「Against this backdrop, the Group actively promoted passing higher costs for major and auxiliary raw materials, energy and other items through to selling prices, expanding sales volumes of bolt and screw wire products, and reducing both variable and fixed costs. As a result, the Group's financial position and operating results were as follows.」

「Against this backdrop, the Group actively promoted passing higher costs for major and auxiliary raw materials, energy and other items through to selling prices, expanding sales volumes of bolt and screw wire products, and reducing both variable and fixed costs. As a result, the Group's financial position and operating results were as follows.」

「Against this backdrop, the Group actively promoted passing higher costs for major and auxiliary raw materials, energy and other items through to selling prices, expanding sales volumes of bolt and screw wire products, and reducing both variable and fixed costs. As a result, the Group's financial position and operating results were as follows.」

「As a result of actively promoting higher sales volumes, mainly of bolt and screw wire products and special wire products, passing higher costs for major and auxiliary raw materials, energy and other items through to selling prices, improving the product and customer mix, and reducing both variable and fixed costs, the Group's financial position and operating results were as follows.」

「As a result of our group's determined efforts to secure profitability amid these circumstances, its financial position and operating results were as follows.」

「Net sales for the six-month period ended the second quarter increased ¥2,205 million, or 17.6%, year on year to ¥14,765 million, owing to higher sales volumes, mainly of special wire products and bolt products, as well as improved selling prices reflecting increases in the prices of major and auxiliary raw materials. In terms of earnings, operating profit increased ¥666 million, or 194.0%, to ¥1,010 million, ordinary profit increased ¥726 million, or 131.1%, to ¥1,281 million, and profit attributable to owners of the parent increased ¥430 million, or 107.4%, to ¥830 million, supported by higher sales volumes, improved selling prices and cost-reduction measures.」

「In terms of earnings, driven primarily by higher sales volumes and supported by improved selling prices and cost-reduction measures, operating profit was ¥501 million, up ¥255 million, or 103.6%, from the same period of the previous year; ordinary profit was ¥689 million, up ¥271 million, or 65.0%; and profit attributable to owners of the parent was ¥449 million, up ¥148 million, or 49.5%.」

「The Group will respond appropriately to changes in the business environment and steel market and build an even more resilient corporate structure by steadily implementing product price increases, strengthening market competitiveness, expanding market share, creating demand, improving the product mix through higher value-added products, reducing various costs, and strengthening the management foundations of domestic and overseas subsidiaries and affiliates, thereby securing and expanding earnings and pursuing sustainable growth.」

「Amid these circumstances, our group sought to maximize sales volumes by expanding sales in the civil engineering and power and telecommunications sectors, which were less affected by the pandemic, and steadily capturing recovering automotive and construction-related demand. It also sought to raise average selling prices through the effects of price increases implemented in the previous fiscal year and improvements in the product and customer mix. In addition, it actively promoted reductions in key and auxiliary raw-material and energy costs, as well as fixed costs such as labor, overhead and repair expenses.」

「Amid these circumstances, our group worked determinedly to secure profitability. We implemented measures to recover sales volumes by strengthening sales to the civil engineering and power and telecommunications sectors, among others, which were less affected by the infection, and sought to raise average selling prices through the effects of price increases implemented in the previous fiscal year and improvements in the product and customer mix. We also actively promoted reductions in key and auxiliary raw-material and energy costs, as well as fixed costs such as labor, overhead and repair expenses.」

「Amid these circumstances, our group worked determinedly to secure profitability. We implemented measures to recover sales volumes by focusing sales activities on public civil engineering, power and telecommunications, wildlife-damage prevention fences and other areas less affected by the infection, while also promoting improvements in average selling prices, including a more favorable product mix, and measures to reduce the costs of auxiliary raw materials, energy, overhead and other expenses.」

「Against this backdrop, our group will continue to base its management policy on prioritizing profitability. To overcome this unprecedented crisis and build an even more resilient business structure, we will make every effort to secure profitability across the group by strengthening our competitiveness, expanding market share, creating demand, improving the product mix, reducing costs, and strengthening the management foundations of our domestic and overseas subsidiaries and affiliates.」

「For the nine months ended 31 December, improvements in selling prices, including a more favorable product mix, resulted in revenue of ¥23,411 million, a slight increase of ¥182 million, or 0.8%, from the same period of the previous year. On the earnings side, despite higher key raw-material costs, progress in improving selling prices and reducing costs drove operating income up by ¥434 million, or 49.2%, to ¥1,316 million, ordinary income up by ¥438 million, or 38.6%, to ¥1,575 million, and net income attributable to owners of the parent up by ¥322 million, or 54.2%, to ¥918 million.」

「For the six months ended 30 September, improved selling prices, including a more favorable product mix, and higher sales volumes resulted in revenue of ¥15,374 million, an increase of ¥896 million, or 6.2%, from the same period of the previous year. On the earnings side, improved selling prices, higher volumes, cost reductions and other factors drove operating income up by ¥394 million, or 118.2%, to ¥728 million, ordinary income up by ¥350 million, or 67.3%, to ¥870 million, and net income attributable to owners of the parent up by ¥282 million, or 188.8%, to ¥432 million.」

「As a result of our group's determined efforts to secure profitability amid these circumstances, its financial position and operating results were as follows.」

「For the fiscal year, improved selling prices, including a more favorable product mix, and higher sales volumes resulted in revenue of ¥31,247 million, an increase of ¥2,966 million, or 10.5%, from the previous fiscal year. Operating income increased by ¥213 million, or 22.5%, to ¥1,160 million due to improved selling prices and higher volumes, as well as the benefits of increased production, cost reductions and other factors.」

「As a result of our group's determined efforts to secure profitability amid these circumstances, its financial position and operating results were as follows.」

「As a result of our group's determined efforts to secure profitability amid these circumstances, its financial position and operating results were as follows.」

「For the three months ended 30 June, revenue increased by ¥657 million, or 10.0%, from the previous period to ¥7,218 million, due to improved selling prices, including a more favorable product mix, and higher sales volumes. On the earnings side, operating income increased by ¥4 million, or 2.4%, to ¥187 million, ordinary income increased by ¥31 million, or 9.5%, to ¥359 million, and net income attributable to owners of the parent increased by ¥3 million, or 1.7%, to ¥220 million, as profitability improvements through selling-price increases, higher volumes and cost reductions outweighed higher costs, including increases in key and auxiliary raw-material prices.」

「For the fiscal year, revenue increased by ¥1,947 million, or 7.4%, to ¥28,281 million, operating income increased by ¥371 million, or 64.5%, to ¥946 million, ordinary income increased by ¥233 million, or 22.8%, to ¥1,258 million, and net income attributable to owners of the parent increased by ¥77 million, or 11.3%, to ¥764 million.」

「Amid these circumstances, our group took proactive steps to improve profitability. On the sales side, improvements in selling prices, including a more favorable product mix, together with higher sales volumes, resulted in revenue of ¥21,036 million for the nine months ended 31 December, an increase of ¥1,586 million, or 8.2%, from the same period of the previous year. On the earnings side, in addition to sales efforts and various cost improvements, lower manufacturing fixed-cost burdens resulting from increased production and lower depreciation expenses, inventory valuation gains and other factors drove operating income up by ¥437 million, or 119.9%, to ¥801 million, ordinary income up by ¥345 million, or 45.4%, to ¥1,106 million, and net income attributable to owners of the parent up by ¥135 million, or 26.0%, to ¥655 million.」

「Amid these circumstances, our group took proactive steps to improve profitability. On the sales side, improvements in selling prices, including a more favorable product mix, together with higher sales volumes, resulted in revenue of ¥13,420 million for the six months ended 30 September, an increase of ¥972 million, or 7.8%, from the same period of the previous year. On the earnings side, operating income increased by ¥321 million, or 238.4%, to ¥456 million, ordinary income increased by ¥352 million, or 115.1%, to ¥659 million, and net income attributable to owners of the parent increased by ¥210 million, or 102.5%, to ¥416 million, due to the sales-related factors, increased production, lower fixed-cost burdens resulting from lower depreciation expenses, inventory valuation gains and other factors.」

「Amid these circumstances, our group took proactive steps to improve profitability. On the sales side, improvements in selling prices, including a more favorable product mix, together with higher sales volumes, resulted in revenue of ¥6,560 million for the three months ended 30 June, an increase of ¥690 million, or 11.8%, from the same period of the previous year. On the earnings side, operating income increased by ¥158 million, or 650.0%, to ¥182 million, ordinary income increased by ¥227 million, or 225.7%, to ¥328 million, and net income attributable to owners of the parent increased by ¥159 million, or 278.6%, to ¥216 million, due to the sales-related factors, increased production, lower fixed-cost burdens resulting from lower depreciation expenses and other factors.」

「Amid these circumstances, our group took proactive steps to improve profitability. On the sales side, sales volumes of ordinary wire, special wire and fastener products increased, but revenue declined to ¥19,449 million for the nine months ended 31 December, down ¥119 million, or 0.6%, from the same period of the previous year due to an unfavorable product mix. On the earnings side, despite higher depreciation expenses from capital investment through the previous fiscal year, operating income increased by ¥298 million, or 448.7%, to ¥364 million, ordinary income increased by ¥290 million, or 61.8%, to ¥760 million, and net income attributable to owners of the parent increased by ¥206 million, or 65.7%, to ¥520 million, due to lower procurement prices for key raw materials, lower energy costs, the benefits of increased production and other positive factors.」

「Amid these circumstances, our group took proactive steps to improve profitability. On the sales side, increased sales volumes of ordinary wire, wire rope and fastener products resulted in revenue of ¥12,448 million for the six months ended 30 September, an increase of ¥136 million, or 1.1%, from the same period of the previous year.」

「Amid these circumstances, our group took proactive steps to improve profitability, but」