Operating Profit Improvement from Cost Reductions and Lower Raw Material Prices

「Net sales amounted to ¥963.213 billion, up 4.4% from the previous fiscal year, as the company implemented price revisions despite lower sales volumes in the packaging containers business, the overseas engineering business, which had been sluggish in the previous fiscal year, began to recover, and PREMIER CENTRE GROUP SDN. BHD., which operates a filling business for home-care and personal-care products in Malaysia, was consolidated. Operating profit increased 51.8% to ¥52.005 billion despite higher personnel and other expenses, due to the price revisions and the absence of the large one-time bad debt loss recognized in the engineering business in the previous fiscal year.」

「Net sales amounted to ¥484.303 billion, up 4.3% year on year, due to price revisions, mainly in the packaging containers business, and the consolidation of PREMIER CENTRE GROUP SDN. BHD., which operates a filling business for home-care and personal-care products in Malaysia. Operating profit increased 64.7% to ¥30.155 billion due mainly to the price revisions, substantially exceeding the year-earlier level.」

「Net sales amounted to ¥464.325 billion, down 1.6% year on year due to lower sales of can- and lid-making machinery for overseas markets. Operating profit was ¥18.312 billion, up 22.8%, as the company passed on higher raw material and energy costs, mainly in the packaging containers business, despite higher aluminum and other raw material prices, lower overseas sales of can- and lid-making machinery and the recognition of an allowance for doubtful accounts in the engineering, filling and logistics businesses.」

「Net sales amounted to ¥950.663 billion, up 4.9% from the previous fiscal year, as the company passed on higher raw material prices, mainly in the packaging containers business, and benefited from foreign exchange movements. Although sales of aluminum substrates for magnetic disks in the functional materials business declined due to deteriorating market conditions, operating profit increased 357.6% to ¥33.850 billion due to efforts to pass on soaring raw material and energy prices through selling prices and reduce costs.」

「Net sales amounted to ¥713.711 billion, up 5.5% year on year, as the company passed on higher raw material prices, mainly in the packaging containers business, and benefited from foreign exchange movements. Although sales of aluminum substrates for magnetic disks in the functional materials business declined due to deteriorating market conditions, operating profit increased 231.6% to ¥27.059 billion due to efforts to pass on soaring raw material and energy prices through selling prices and reduce costs.」

「Net sales amounted to ¥471.961 billion, up 4.7% year on year, as the company passed on higher raw material prices, mainly in the packaging containers business, and benefited from foreign exchange movements. Although sales of aluminum substrates for magnetic disks in the functional materials business declined due to deteriorating market conditions, operating profit increased 110.8% to ¥14.916 billion due to efforts to pass on soaring raw material and energy prices through selling prices and reduce costs.」

「Net sales amounted to ¥235.349 billion, up 4.3% year on year, as the company passed on higher raw material prices, mainly in the packaging containers business, and benefited from foreign exchange movements. Operating profit was ¥7.532 billion, down 5.3%, as sales of aluminum substrates for magnetic disks in the functional materials business declined due to deteriorating market conditions despite efforts to pass on soaring raw material and energy prices through selling prices and reduce costs.」

「Net sales amounted to ¥906.025 billion, up 10.3% from the previous fiscal year, as sales of packaging containers such as beverage cans and PET bottles increased, partly due to the exceptionally hot summer. Sales of steel sheets for automotive secondary batteries remained strong, and continued strong global demand for beverage cans drove higher sales of can- and lid-making machinery. The company also passed on higher raw material prices. Despite efforts to pass on soaring raw material and energy prices through selling prices and reduce costs, operating profit was limited to ¥7.396 billion, down 78.3%.」

「Net sales amounted to ¥676.466 billion, up 10.0% year on year, as sales of packaging containers such as beverage cans and PET bottles increased, partly due to the exceptionally hot summer. Sales of steel sheets for automotive secondary batteries remained strong, and continued strong global demand for beverage cans drove higher sales of can- and lid-making machinery. The company also passed on higher raw material prices. Despite efforts to pass on soaring raw material and energy prices through selling prices and reduce costs, operating profit was limited to ¥8.159 billion, down 76.0%.」

「Net sales amounted to ¥450.817 billion, up 10.1% year on year, as sales of packaging containers such as beverage cans and PET bottles increased, partly due to the impact of the exceptionally hot summer. Strong global demand for beverage cans continued against the backdrop of the shift from plastic containers to containers made from other materials, prompted by the marine plastic waste issue, driving strong sales of can- and lid-making machinery. Sales of steel sheets for automotive secondary batteries also increased. Despite efforts to revise product prices and reduce costs in response to soaring raw material and energy prices, operating profit was limited to ¥7.075 billion, down 73.0%.」

「Net sales amounted to ¥225.595 billion, up 12.9% year on year, as strong global demand for beverage cans continued against the backdrop of the shift from plastic containers to containers made from other materials, prompted by the marine plastic waste issue, driving strong sales of can- and lid-making machinery. Sales of packaging containers such as beverage cans and PET bottles also increased, as did sales of steel sheets for automotive secondary batteries. Despite efforts to revise product prices and reduce costs in response to soaring raw material and energy prices, operating profit was limited to ¥7.952 billion, down 47.3%.」

「Despite a challenging business environment due to the spread of COVID-19 and soaring resource and energy prices, the Group's results reached record-high levels for the fiscal year.」

「Net sales amounted to ¥615.200 billion, up 9.9% year on year. Against the backdrop of the shift from plastic containers to containers made from other materials, prompted by the marine plastic waste issue, continued strong global demand for beverage cans drove higher sales of can- and lid-making machinery. Sales of steel sheets and packaging containers, mainly for beverages, which had fallen sharply in the same period of the previous year due to the spread of COVID-19, also increased on a rebound. Operating profit was ¥33.997 billion, up 74.3%, due to higher net sales and inventory valuation gains on steel sheet materials despite rising raw material prices. Ordinary profit was ¥42.207 billion, up 138.9%, due mainly to higher equity-method investment gains, and net income attributable to owners of the parent was ¥32.373 billion, up 188.8%.」

「Net sales amounted to ¥409.576 billion, up 9.5% year on year. Against the backdrop of the shift from plastic containers to containers made from other materials, prompted by the marine plastic waste issue, global demand for beverage cans increased, driving higher sales of can- and lid-making machinery. Sales of steel sheets and packaging containers, mainly for beverages, which had fallen sharply in the previous year due to the spread of COVID-19, also increased on a rebound. Operating profit was ¥26.194 billion, up 108.7%, due to higher net sales and inventory valuation gains on steel sheet materials, despite rising raw material prices.」

「Net sales amounted to ¥199.880 billion, up 6.0% year on year, as sales of packaging containers and other products, mainly beverage containers, which had fallen sharply in the previous year due to the spread of COVID-19, increased on a rebound. Operating profit was ¥15.095 billion, up 130.6%, due mainly to higher net sales despite rising raw material prices.」

「Net sales amounted to ¥748.724 billion, down 5.3% from the previous fiscal year, as sales of packaging containers, mainly beverage containers, declined substantially due to lower demand resulting from weak consumption in the event, leisure and food-service industries and around offices, despite some increase in demand as people spent more time at home amid calls to refrain from going out.」

「Net sales amounted to ¥559.886 billion, down 6.5% year on year. Although some demand increased as people spent more time at home amid calls to refrain from going out, sales of packaging containers, mainly for beverages, declined substantially due to lower demand resulting from weak consumption in the event, leisure and food-service industries and around offices. Operating profit was ¥19.506 billion, down 8.1%, ordinary profit was ¥17.667 billion, down 21.3%, and net income attributable to owners of the parent was ¥11.209 billion, up 118.9%, as lower raw material and energy prices were more than offset by lower net sales and other factors.」

「Net sales amounted to ¥373.995 billion, down 7.8% year on year. Although some demand increased as people spent more time at home amid calls to refrain from going out, sales of packaging containers, mainly beverage containers, declined substantially due to lower demand resulting from weak consumption in the event, leisure and food-service industries and around offices. Operating profit was ¥12.551 billion, down 17.7%, ordinary profit was ¥10.988 billion, down 30.1%, and net income attributable to owners of the parent was ¥6.553 billion, compared with net income of ¥314 million in the same period of the previous year, despite lower raw material and energy prices, due mainly to lower net sales.」

「Net sales amounted to ¥188.566 billion, down 6.1% year on year. Although some demand increased as people spent more time at home amid calls to refrain from going out, sales of packaging containers, mainly beverage containers, declined substantially due to lower demand resulting from weak consumption in the event, leisure and food-service industries. Operating profit was ¥6.546 billion, down 19.7%, and ordinary profit was ¥6.009 billion, down 20.7%, as the benefit of lower raw material and energy prices was outweighed by lower net sales and other factors.」

「Net sales amounted to ¥790.814 billion, down 0.3% from the previous fiscal year, as sales of packaging machinery and equipment and plastic products such as pouches increased, but sales of functional materials declined. Operating profit was ¥27.271 billion, up 7.2%, and ordinary profit was ¥28.412 billion, up 2.3%, due mainly to lower raw material and energy prices. Net income attributable to owners of the parent was a loss of ¥520 million, compared with net income of ¥20.262 billion in the previous fiscal year, due to the recognition of antitrust-related losses and impairment losses.」

「Net sales amounted to ¥598.553 billion, down 1.0% year on year, as sales of steel sheets for electrical and electronic components and plastic products such as pouches increased, but sales of functional materials declined. Operating profit was ¥21.218 billion, down 19.8%, and ordinary profit was ¥22.439 billion, down 19.7%, due to lower net sales and higher depreciation and other expenses. Net income attributable to owners of the parent was ¥5.119 billion, down 67.9%, due to the recognition of a provision for antitrust-related losses in the first-quarter consolidated accounting period.」

「Net sales amounted to ¥405.585 billion, up 0.2% year on year, as sales of steel sheets for electrical and electronic components and plastic products such as pouches increased, despite lower sales of functional materials and packaging machinery and equipment. Operating profit was ¥15.255 billion, down 24.1%, and ordinary profit was ¥15.714 billion, down 33.2%, as margins declined due to changes in the product mix and expenses such as depreciation increased. Net income attributable to owners of the parent was ¥314 million, down 97.3%, due to the recognition of a provision for antitrust-related losses in the first-quarter consolidated accounting period.」

「Net sales amounted to ¥200.777 billion, down 2.2% year on year, as sales of steel sheets for electrical and electronic components and plastic products increased, but sales of packaging machinery and equipment and functional materials declined. Operating profit was ¥8.151 billion, down 32.6%, and ordinary profit was ¥7.575 billion, down 47.1%, as the benefits of group-wide cost reductions and other factors were offset by higher raw material and energy prices. The company posted a net loss attributable to owners of the parent of ¥5.868 billion, compared with net income of ¥8.296 billion in the same period of the previous year, due to the recognition of a provision for antitrust-related losses.」

「Net sales amounted to ¥604.780 billion, up 1.0% year on year, as sales of plastic products, including PET bottles for beverages, and functional materials increased, despite lower sales of empty beverage cans. Operating profit was ¥26.466 billion, down 12.7%, and ordinary profit was ¥27.952 billion, down 12.8%, as the benefits of group-wide cost reductions and other factors were offset by higher raw material and energy prices. Net income attributable to owners of the parent was ¥15.952 billion, down 7.6%, as gains on sales of investment securities were recorded, but impairment losses and disaster-related losses were also recognized.」

「Net sales amounted to ¥404.727 billion, up 0.2% year on year, as sales of plastic products for food and household goods and packaging machinery and equipment increased, despite lower sales of empty beverage cans. Operating profit was ¥20.105 billion, down 14.9%, and ordinary profit was ¥23.511 billion, down 4.8%, as the benefits of group-wide cost reductions and other factors were offset by higher raw material and energy prices.」

「Net sales were ¥205,365 million, up 0.4% year on year, as increased sales of plastic products, including beverage PET bottles, and functional materials more than offset lower sales of beverage cans. Despite the effects of Group-wide cost reductions, operating profit fell 11.6% to ¥12,086 million, ordinary profit fell 10.0% to ¥14,330 million and profit attributable to owners of the parent fell 10.1% to ¥8,296 million because of higher raw material and energy prices.」

「Net sales were ¥785,278 million, up 0.7% year on year, as increased sales of packaging-container-related machinery and equipment and steel sheets for electrical and electronic components, together with foreign-exchange movements that increased the yen-translated sales of overseas subsidiaries, more than offset lower beverage-container sales. Despite the effects of Group-wide cost reductions, operating profit fell 12.1% to ¥31,870 million because of higher raw material and energy prices.」

「Net sales were ¥598,977 million, up 1.8% year on year, as increased sales of packaging-container-related machinery and equipment and steel sheets for electrical and electronic components more than offset lower beverage-container sales. Despite the effects of Group-wide cost reductions, operating profit fell 10.6% to ¥30,230 million and ordinary profit fell 11.2% to ¥31,970 million because of higher raw material and energy prices. Profit attributable to owners of the parent fell 31.8% to ¥17,201 million, mainly because an extraordinary loss was recognized as an expense for a provision related to business-structure reforms.」

「Net sales were ¥403,759 million, up 0.3% year on year, as lower beverage-container sales were more than offset by strong sales of steel sheets for electrical and electronic components and packaging-container-related machinery and equipment. Despite the effects of Group-wide cost reductions, operating profit fell 2.8% to ¥23,576 million because of higher raw material and energy prices. Ordinary profit rose 21.5% to ¥24,634 million, mainly due to foreign-exchange gains on foreign-currency-denominated receivables and payables, including foreign-currency loans to overseas subsidiaries.」

「Net sales were ¥204,620 million, essentially unchanged year on year, as lower beverage-container sales were offset by strong sales of steel sheets for electrical and electronic components and packaging-container-related machinery and equipment. Operating profit was ¥13,652 million, up 1.4%, ordinary profit was ¥15,898 million, up 48.7%, and profit attributable to owners of the parent was ¥9,213 million, up 59.4%, mainly due to Group-wide cost reductions.」

「Net sales were ¥779,469 million, down 2.8% year on year. Operating profit was ¥36,184 million, up 11.9%, and ordinary profit was ¥36,107 million, up 35.4%, as Group-wide cost reductions and the impact of lower crude oil prices caused raw material and energy prices to fall below the previous fiscal year's levels.」

「Net sales were ¥588,614 million, down 3.4% year on year, as sales of packaging-container-related machinery and equipment and beverage containers remained sluggish, while the stronger yen reduced the yen-translated sales of overseas subsidiaries. Operating profit was ¥33,807 million, up 24.8%, mainly due to Group-wide cost reductions and raw material and energy prices falling below the previous year's levels as a result of lower crude oil prices. Ordinary profit was ¥36,016 million, up 40.3%, mainly due to foreign-exchange gains on foreign-currency-denominated receivables and payables, including foreign-currency loans to overseas subsidiaries. Profit attributable to owners of the parent was ¥25,231 million, up 159.3%, following the recognition of extraordinary gains from the sale of fixed assets and other items.」

「Net sales were ¥402,591 million, down 3.0% year on year, as sales of packaging-container-related machinery and equipment and beverage containers declined, compounded by the impact of the stronger yen. Operating profit was ¥24,264 million, up 29.2%, and ordinary profit was ¥20,267 million, up 10.2%, mainly because raw material and energy prices fell below the previous year's levels as a result of lower crude oil prices. Profit attributable to owners of the parent was ¥14,093 million, up 38.2%, following the recognition of extraordinary gains from the sale of fixed assets and other items.」

「Operating profit was ¥13,460 million, up 25.2% year on year, mainly because raw material and energy prices fell below the previous year's levels as a result of lower crude oil prices.」

「Operating profit was ¥32,347 million, up 114.5% year on year, mainly due to the Group-wide cost reductions and raw material and energy prices falling below the previous fiscal year's levels as a result of lower crude oil prices」