Strengthening Core, Downstream and International Businesses in North America

「In the Americas, we acquired Your Automatic Door Company, which specializes in the sale, installation and repair services of automatic doors, and strengthened the business.」

「In North America, the Company focused on passing tariff impacts through to selling prices, while promoting sales expansion initiatives and working to reduce costs through productivity improvements and other measures in response to market conditions and tariffs. Revenue decreased 1.5% from the previous consolidated fiscal year to ¥241,856 million, or increased 0.1% on a foreign-currency basis, while segment profit decreased 9.0% to ¥37,754 million.」

「In North America, the Company focused on passing tariff impacts through to selling prices, while promoting sales expansion initiatives and working to reduce costs through productivity improvements and other measures in response to market conditions and tariffs.」

「In North America, we worked to expand sales by capitalizing on the market recovery, while maintaining selling prices and reducing costs through productivity improvements and other measures.」

「In North America, amid a downturn in the residential market, we expanded our product lineup, including dock levelers, while working to maintain selling prices, improve productivity and reduce costs through more efficient delivery and other measures.」

「In North America, amid a decline in the residential market, the Company expanded its product range, including dock levelers, while working to maintain selling prices, improve productivity and reduce costs. Revenue increased 0.3% year on year to ¥160,940 million, or decreased 6.9% on a foreign-currency basis, while segment profit increased 15.5% to ¥24,647 million.」

「In North America, the Company worked to maintain selling prices and improve productivity amid a sharp decline in the residential market.」

「In North America, the residential market declined sharply, while the non-residential market remained solid and the Company worked to maintain selling prices.」

「In January 2023, we acquired Door Control, Inc. and Door Concepts, Inc. in the United States, both of which specialize in the sale, installation and repair services of automatic doors.」

「Higher volumes resulting from improvements in supply-chain conditions and the pass-through of higher raw-material prices to selling prices and other factors resulted in a 55.2% year-on-year increase in revenue to ¥100,213 million, or 35.2% on a foreign-currency basis. Segment profit increased 265.0% year on year to ¥11,719 million.」

「As supply-chain disruptions began to ease, the pass-through of higher raw-material costs to selling prices and other factors resulted in a 39.6% year-on-year increase in revenue to ¥45,096 million, or 27.0% on a foreign-currency basis. Segment profit increased 112.6% year on year to ¥4,437 million.」

「The Company also focused on entering adjacent business areas and acquired Won-Door in April 2021, a manufacturer and seller of horizontally sliding doors.」

「The residential business continued to perform well against the backdrop of a strong housing market, and the non-residential business was also solid. However, substantial cost increases caused by soaring raw material prices, supply chain disruption and labor shortages resulted in revenue increasing 15.4% year on year to ¥98,773 million, or 13.5% on a foreign-currency basis, while segment profit decreased 15.9% to ¥4,070 million.」

「In the United States, Overhead Door, which marked its 100th anniversary, focused on entering adjacent business areas while maintaining and expanding its core businesses, and in April 2021 acquired Won-Door, a company engaged in the manufacture and sale of horizontally sliding doors.」

「In the United States, the Company focused on maintaining and expanding its core business and entering adjacent business areas. In April 2021, it acquired Won-Door, which manufactures and sells horizontally sliding doors. The residential market remained strong and the non-residential market was also solid, resulting in revenue increasing 16.9% year on year to ¥32,306 million, or 19.1% on a foreign-currency basis, while segment profit increased 90.0% to ¥2,087 million.」

「As a result, although the impact of the spread of COVID-19 was substantial, the residential market remained solid and revenue increased slightly on a foreign-currency basis. Due to foreign-exchange effects, revenue decreased 1.0% from the previous consolidated fiscal year to ¥117,157 million, or increased 1.6% on a foreign-currency basis, while segment profit decreased 14.4% to ¥7,733 million.」

「In the United States, the Company focused on maintaining and expanding its core businesses and entering adjacent business areas. The residential market remained solid and profit increased slightly on a foreign-currency basis, but due to foreign-exchange effects, revenue decreased 0.9% year on year to ¥85,563 million, or increased 0.9% on a foreign-currency basis, while segment profit decreased 5.6% to ¥4,840 million.」

「In the United States, the Company focused on maintaining and expanding its core businesses and entering adjacent business areas. Although the housing market showed signs of recovery, lower volumes resulting from the spread of COVID-19 affected performance. Revenue decreased 4.5% year on year to ¥53,833 million, or 3.0% on a foreign-currency basis, while segment profit decreased 20.2% to ¥2,155 million.」

「In the United States, we focused on maintaining and expanding our core businesses while entering adjacent business areas. The door operator business for e-commerce remained steady, and the door business also grew, resulting in a 0.8% year-on-year increase in revenue to ¥27,632 million, or 1.8% on a foreign-currency basis. Segment profit increased 12.1% year on year to ¥1,098 million.」

「In the United States, we worked to strengthen upstream sales and promote distributor support to expand market share in our core businesses, while increasing production capacity in Mexico in response to U.S.-China trade friction.」

「In the United States, the Company worked to strengthen upstream sales and promote distributor support to expand its share of the core business. Although the door business performed well, lower volumes in the door operator business and temporary cost increases resulted in revenue increasing 6.0% year on year to ¥27,419 million, or 3.3% on a foreign-currency basis, while segment profit decreased 10.8% to ¥979 million.」

「In the United States, we enhanced support for distributors and dealers in the core door business and launched new products, while working to strengthen the business foundation and expand market share through product-specific channel strategies.」

「In the United States, the Company strengthened support for distributors and dealers in the core door business and launched new products, while working to strengthen its foundations and expand market share through product-specific channel strategies. Revenue increased 4.4% year on year to ¥85,734 million, or 6.8% on a foreign-currency basis, driven by strong performance in the core door and door operator businesses. Segment profit increased 4.6% to ¥5,399 million, supported by passing higher steel prices through to selling prices and improved productivity in the door operator business.」

「In the United States, the Company worked to strengthen its foundations and expand market share through stronger support for distributors and dealers in the core door business and product-specific channel strategies. Revenue increased 4.8% year on year to ¥55,753 million, or 8.3% on a foreign-currency basis, driven by strong performance in the core door and door operator businesses. Segment profit increased 17.9% to ¥3,311 million, supported by higher revenue and the continued pass-through of higher steel prices to selling prices.」

「In the United States, the Company worked to strengthen its foundations and expand market share through stronger support for distributors and dealers in the core door business and product-specific channel strategies. Revenue increased 1.7% year on year to ¥25,861 million, or 6.8% on a foreign-currency basis, driven by strong performance in the core door and door operator businesses. Segment profit increased 18.9% to ¥1,014 million, supported by higher revenue and the continued pass-through of higher steel prices to selling prices.」

「In the United States, the Company worked to strengthen the foundations of its core businesses and expand market share through quality-cost improvements and cost reductions in the door operator business, stronger support for distributors and dealers in the door business, and product-specific channel strategies. Revenue increased 8.7% year on year to ¥82,087 million, or 5.5% on a foreign-currency basis, driven by strong performance in the core door and door operator businesses. Segment profit increased 13.1% to ¥5,159 million, supported by higher revenue and the pass-through of higher steel prices to selling prices.」

「In the United States, the Company pursued growth by strengthening the foundations of its core businesses, including stronger support for distributors and dealers, and focused on its downstream business strategy to expand market share. Revenue increased 6.4% year on year to ¥53,192 million, or 6.1% on a foreign-currency basis, driven by strong performance in the core door and door operator businesses. Segment profit increased 26.6% to ¥2,808 million, supported by higher revenue and the pass-through of higher steel prices to selling prices.」

「In the United States, the Company focused on strengthening and growing its core businesses and pursuing its downstream business strategy, while working to expand market share. Revenue increased 3.3% year on year to ¥25,430 million, or 5.9% on a foreign-currency basis, driven by strong performance in the core door and door operator businesses. Segment profit increased 35.0% to ¥853 million, supported by higher revenue and the pass-through of higher steel prices.」

「The strong U.S. housing market drove higher revenue in the core door business, while the automatic door business and installation and services business also performed well. However, revenue fell 5.6% year on year to ¥75,522 million because of the stronger yen, despite a 4.8% increase on a foreign-currency basis. In addition to the benefit of higher revenue, reductions in material costs and other measures lifted segment profit 87.0% year on year to ¥4,563 million.」

「Improvement in the U.S. housing market supported steady performance in the core door business, with residential doors in particular remaining strong. The automatic door business and installation and services business also performed well, but revenue fell 2.7% year on year to ¥49,972 million because of the stronger yen, despite a 4.9% increase on a foreign-currency basis. In addition to the benefit of higher revenue, we focused on improving profitability and reducing costs, resulting in segment profit of ¥2,218 million, up 232.2% year on year.」

「Although door services in Canada recorded lower revenue amid the slowdown in the western Canadian regional economy, the core door business performed solidly as the US housing market improved, and the installation and services business also performed well. Revenue increased 1.4% year on year, or 4.5% on a foreign-currency basis, to ¥24,625 million. The Company focused on improving profitability and reducing costs, and segment profit improved by ¥906 million to ¥632 million.」

「U.S. group companies: strengthen and grow core businesses, pursue a downstream business strategy and expand international operations.」