Expansion in Orders and Revenue, with Higher Revenue and Profits

「Orders received increased 34.2% from the previous fiscal year to ¥19,021 million, as orders for main engines increased. Net sales also increased 5.2% to ¥14,028 million, as sales of both main engines and components increased. The order backlog increased 71.2% from the previous fiscal year to ¥12,001 million. Operating income was ¥824 million, up 34.7% from the previous fiscal year; ordinary income was ¥954 million, up 39.8%; and net income was ¥736 million, up 37.2%.」

「Against this backdrop, during the interim accounting period, orders received increased 14.1% year on year to ¥8,576 million, as orders for main engines increased. Net sales also increased 20.4% to ¥6,709 million, driven by a substantial increase in main engine sales. The order backlog increased 9.3% to ¥8,876 million. In terms of earnings, profitability in component sales deteriorated as purchases of equipment with high cost ratios increased, while sales of CMR (casting and metal machining) outside the marine business declined, causing results to fall below the earnings forecast for the interim accounting period. However, no provision for order losses on electronically controlled engines, which had affected earnings in the year-earlier period, was recorded in the interim accounting period. As a result, operating income was ¥309 million, up 191.6% year on year, ordinary income was ¥362 million, up 165.9%, and interim net income was ¥255 million, up 131.7%.」

「For the fiscal year, orders received increased 17.6% from the previous fiscal year to ¥14,175 million, as orders for main engines increased. Net sales also increased 38.4% to ¥13,337 million, as sales of both main engines and components increased. The order backlog increased 13.6% from the previous fiscal year to ¥7,009 million.」

「Orders received increased 41.4% year on year to ¥7,519 million, as orders for main engines increased. Net sales also increased 17.2% to ¥5,570 million, as sales of both main engines and components increased. The order backlog increased 88.1% to ¥8,119 million.」

「Orders received increased 23.9% from the previous fiscal year to ¥12,055 million, as orders for main engines increased. Net sales also increased 6.3% to ¥9,636 million, as sales of both main engines and components increased. The order backlog increased 64.5% from the previous fiscal year to ¥6,171 million.」

「Orders received increased 19.6% year on year to ¥7,987 million, as orders for main engines increased. Net sales also increased 7.9% to ¥6,950 million, as sales of both main engines and components increased. The order backlog increased 44.4% to ¥4,788 million.」

「Orders received increased 12.3% year on year to ¥5,317 million, as orders for main engines increased. Net sales also increased 10.4% to ¥4,753 million, as sales of both main engines and components increased. The order backlog increased 22.8% to ¥4,315 million. Although higher materials costs could not be fully passed on to product prices and depreciation increased following major capital investments, the increase in sales of components and CMR (casting and metal machining) outside the marine business offset these factors. Operating income for the first half of the fiscal year exceeded the earnings forecast at ¥310 million, down 8.0% year on year; ordinary income was ¥338 million, down 6.4%; and net income was ¥227 million, down 8.3%.」

「Orders received increased 38.3% year on year to ¥2,003 million, as orders for main engines increased. Net sales also increased 7.9% to ¥2,402 million, as sales of both main engines and components increased. The order backlog increased 45.3% to ¥3,353 million. Operating income was ¥113 million, down 62.8% year on year, ordinary income was ¥122 million, down 60.7%, and net income was ¥82 million, down 61.1%.」

「Orders received increased 3.3% from the previous fiscal year to ¥9,731 million, as the increase in component orders more than offset the decline in orders for main engines. Net sales decreased 10.6% from the previous fiscal year to ¥9,064 million, as the increase in components driven by the recovery in overseas sales was insufficient to offset the decline in main engine sales. The order backlog increased 21.6% from the previous fiscal year to ¥3,751 million.」

「Orders received increased 2.8% year on year to ¥6,675 million, as the increase in components more than offset the decline in main engines. Net sales decreased 14.5% to ¥6,443 million, as the increase in components driven by the recovery in overseas sales was insufficient to offset the decline in main engine sales. The order backlog increased 20.2% to ¥3,316 million.」

「Orders received decreased 0.9% year on year to ¥4,733 million, as lower main engine orders more than offset the increase in component parts orders. Sales decreased 10.9% to ¥4,303 million. Although component parts sales increased as overseas sales recovered, this did not offset the decline in main engine sales. Order backlog decreased 6.3% to ¥3,514 million due to lower main engine orders.」

「Orders received decreased 29.8% year on year to ¥1,448 million, as main engine orders declined substantially due to the impact of surging steel prices. Sales decreased 6.2% to ¥2,225 million. Although component parts sales began to recover as the impact of the COVID-19 pandemic in overseas markets eased, main engine sales remained weak. Order backlog decreased 34.0% to ¥2,308 million due to lower main engine orders. In terms of earnings, operating profit was ¥304 million, up 90.9% year on year, ordinary profit was ¥310 million, up 87.3%, and quarterly net profit was ¥210 million, up 84.0%, as higher component parts sales and lower selling-related expenses due to the pandemic offset the impact of lower main engine sales.」

「Orders received decreased 9.3% year on year to ¥9,422 million, with both main engine and component parts orders declining due to the impact of the COVID-19 pandemic. Sales increased 7.5% to ¥10,142 million, as main engine sales offset the continuing impact of the pandemic on component parts sales in overseas markets. Order backlog decreased 18.9% to ¥3,084 million due to lower main engine orders.」

「Against this backdrop, during the first nine months of the fiscal year, orders received decreased 16.4% year on year to ¥6,496 million, with both main engine and component parts orders declining due to the continued impact of the COVID-19 pandemic and a change in accounting policy. Sales increased 8.3% to ¥7,540 million, as higher main engine sales, reflecting a greater share of large-scale units, offset the decline in component parts sales. Order backlog decreased 24.7% to ¥2,760 million, reflecting lower main engine orders and higher sales. In terms of earnings, operating profit was ¥463 million, up 47.6% year on year, ordinary profit was ¥486 million, up 44.3%, and quarterly net profit was ¥331 million, up 45.3%, as expense reductions focused on manufacturing and sales-related costs offset the impact of lower component parts sales.」

「Against this backdrop, during the first six months of the fiscal year, orders received decreased 8.5% year on year to ¥4,776 million. Main engine orders were flat, while component parts orders declined due to the impact of the COVID-19 pandemic and a change in accounting policy. Sales increased 1.4% to ¥4,830 million, as higher main engine sales offset the decline in component parts sales. Order backlog increased 13.2% to ¥3,750 million, as main engine orders had increased in the second half of the previous fiscal year. In terms of earnings, operating profit was ¥364 million, up 14.9% year on year, ordinary profit was ¥383 million, up 16.5%, and quarterly net profit was ¥263 million, up 17.5%, as expense reductions focused on manufacturing and sales-related costs offset the impact of lower component parts sales.」

「Against this backdrop, during the first three months of the fiscal year, orders received decreased 9.7% year on year to ¥2,063 million. Although main engine orders increased, component parts orders declined due to the impact of the COVID-19 pandemic and other factors. Sales decreased 11.7% to ¥2,371 million. Main engine sales were flat, while lower component parts orders and the impact of a change in accounting policy weighed on results. Order backlog increased 42.6% to ¥3,495 million due to increased main engine orders. In terms of earnings, operating profit was ¥159 million, down 34.1% year on year, ordinary profit was ¥165 million, down 32.3%, and quarterly net profit was ¥114 million, down 31.6%, as lower component parts sales weighed on results despite efforts to reduce selling-related expenses.」

「Orders received increased 8.8% year on year to ¥10,387 million, as increased main engine orders offset the decline in component parts orders caused by the COVID-19 pandemic. Sales decreased 18.1% to ¥9,438 million, reflecting lower main engine orders in the previous fiscal year and, particularly for component parts, the impact of the pandemic overseas. Order backlog increased 33.3% to ¥3,804 million due to increased main engine orders.」

「Against this backdrop, during the first nine months of the fiscal year, orders received increased 8.2% year on year to ¥7,772 million. Although export projects for both main engines and component parts declined substantially, domestic main engine orders offset the decline. Sales decreased 20.6% to ¥6,964 million, with both main engines and component parts declining. Order backlog increased 12.8% to ¥3,662 million as main engine orders recovered. In terms of earnings, operating profit was ¥314 million, down 67.5% year on year, ordinary profit was ¥336 million, down 66.0%, and quarterly net profit was ¥227 million, down 66.6%, as the loss of the special-demand effect for component parts and lower production weighed on results despite efforts to reduce costs and expenses.」

「Against this backdrop, during the first six months of the fiscal year, orders received decreased 2.8% year on year to ¥5,222 million, as main engine orders offset the disappearance of orders related to special demand for component parts in the same period of the previous year. Sales decreased 24.8% to ¥4,764 million, with both main engines and component parts declining. Order backlog decreased 14.4% to ¥3,312 million, as main engine orders did not keep pace with sales. In terms of earnings, operating profit was ¥317 million, down 61.5% year on year, ordinary profit was ¥329 million, down 60.8%, and quarterly net profit was ¥224 million, down 61.4%, as the loss of the special-demand effect for component parts and lower production weighed on results despite efforts to reduce costs and expenses.」

「Against this backdrop, during the first three months of the fiscal year, orders received increased 9.7% year on year to ¥2,284 million, as main engine orders offset the disappearance of orders related to special demand for component parts in the same period of the previous year. Sales decreased 15.5% to ¥2,687 million, with both main engines and component parts declining. Order backlog decreased 34.2% to ¥2,451 million, as main engine orders did not keep pace with sales. In terms of earnings, operating profit was ¥241 million, down 40.9% year on year, ordinary profit was ¥244 million, down 41.4%, and quarterly net profit was ¥167 million, down 41.9%, as the loss of the special-demand effect for component parts and lower production weighed on results despite efforts to reduce costs and expenses.」

「For the fiscal year, orders received decreased 22.8% year on year to ¥9,545 million, as the decline in orders for future main engine deliveries continued to weigh on results. Sales decreased 4.3% to ¥11,517 million, despite component parts offsetting the decline in main engine sales. Order backlog decreased 40.9% to ¥2,854 million, reflecting the decline in main engine orders. Supported by special demand for large component replacement work in the first half, operating profit was ¥937 million, up 19.0% year on year, ordinary profit was ¥975 million, up 19.0%, and net profit was ¥675 million, up 20.5%.」

「Orders received decreased 15.1% year on year to ¥7,185 million, as the decline in orders for future main engine deliveries continued to weigh on results. Sales increased 1.1% to ¥8,765 million, as component parts offset a slight decline in main engine sales. Order backlog decreased 24.4% to ¥3,246 million, reflecting the decline in main engine orders. Supported by special demand for large component replacement work in the first half, operating profit was ¥965 million, up 56.9% year on year, ordinary profit was ¥989 million, up 54.6%, and quarterly net profit was ¥682 million, up 60.0%.」

「Against this backdrop, during the first six months of the fiscal year, orders received decreased 16.1% year on year to ¥5,375 million, as more time was still needed to steadily advance price negotiations for main engine orders. Sales increased 8.4% to ¥6,333 million, with both main engines and component parts contributing. Order backlog decreased 23.7% to ¥3,868 million, as main engine orders did not keep pace with sales. In terms of earnings, operating profit was ¥822 million, up 106.6% year on year, ordinary profit was ¥841 million, up 103.6%, and quarterly net profit was ¥581 million, up 104.0%, partly due to special demand for large component replacement work, including overseas projects.」

「Orders received decreased 34.6% year on year to ¥2,081 million, as more time was needed to steadily advance price negotiations for main engine orders. Sales increased 2.8% to ¥3,180 million, with slight increases in both main engines and component parts. Order backlog decreased 18.8% to ¥3,728 million, as main engine orders did not keep pace with sales. In terms of earnings, operating profit was ¥408 million, up 202.7% year on year, ordinary profit was ¥417 million, up 202.5%, and quarterly net profit was ¥288 million, up 200.5%, partly because temporary factors affecting the same period of the previous year had abated and component parts sales slightly exceeded expectations.」

「For the fiscal year, orders received were broadly flat, increasing 0.2% year on year to ¥12,357 million, partly because orders for future main engine deliveries covered component parts orders. Sales decreased 11.8% to ¥12,036 million as main engine sales declined. Order backlog increased 7.1% to ¥4,827 million due to increased orders for future main engine deliveries. Operating profit was ¥787 million, up 3.8% year on year, ordinary profit was ¥819 million, up 2.0%, and net profit was ¥560 million, up 2.5%.」

「Against this backdrop, during the first nine months of the fiscal year, orders received decreased 6.7% year on year to ¥8,461 million. Sales also decreased, by 18.6% to ¥8,674 million. Order backlog increased 1.5% to ¥4,292 million, as orders for future main engine deliveries were promoted. In terms of earnings, operating profit was ¥615 million, down 7.8% year on year, ordinary profit was ¥640 million, down 7.9%, and quarterly net profit was ¥426 million, down 8.2%. Lower sales volumes and main engine prices led to efforts to reduce costs and expenses, while depreciation expenses also declined.」

「Against this backdrop, during the first six months of the fiscal year, orders received decreased 4.3% year on year to ¥6,405 million, with both main engine and component parts orders declining. Sales decreased 18.1% to ¥5,840 million, with both main engines and component parts declining. Order backlog decreased 5.6% to ¥5,071 million, despite a modest increase during the first half. In terms of earnings, operating profit was ¥398 million, down 29.9% year on year, ordinary profit was ¥413 million, down 30.2%, and quarterly net profit was ¥284 million, down 28.1%, as lower sales volumes for main engines and component parts and lower main engine prices outweighed efforts to reduce subcontracting costs and other costs and lower depreciation expenses.」

「Against this backdrop, during the first three months of the fiscal year, orders received decreased 7.4% year on year to ¥3,181 million, with both main engine and component parts orders declining. Sales increased 2.9% to ¥3,094 million, as higher main engine sales more than offset the decline in component parts sales. Order backlog decreased 26.3% to ¥4,591 million, as sales of main engines were promoted. In terms of earnings, operating profit was ¥134 million, down 61.9% year on year, ordinary profit was ¥138 million, down 62.3%, and quarterly net profit was ¥96 million, down 61.3%, as sales of lower-priced main engines and low-margin component parts temporarily concentrated.」

「Orders received decreased 8.8% year on year to ¥12,338 million, as the decline in main engine orders more than offset the increase in component parts orders. Sales increased 9.2% to ¥13,640 million, with both main engines and component parts contributing. Order backlog decreased 22.4% to ¥4,505 million, as orders received did not keep pace with sales.」

「Against this backdrop, during the first nine months of the fiscal year, orders received decreased 8.6% year on year to ¥9,070 million, as lower main engine orders more than offset the increase in component parts orders. Sales increased 17.3% to ¥10,649 million, with both main engines and component parts contributing. Order backlog decreased 24.6% to ¥4,227 million, as orders received did not keep pace with sales. In terms of earnings, component parts sales increased more than expected, and the benefits of higher production capacity absorbed cost increases from higher material prices, personnel expenses and other costs. Operating profit was ¥667 million, up 37.2% year on year, ordinary profit was ¥695 million, up 30.7%, and quarterly net profit was ¥465 million, up 30.6%, resulting in higher revenue and profit than in the same period of the previous year.」

「Against this backdrop, during the first six months of the fiscal year, orders received decreased 3.8% year on year to ¥6,694 million, as lower main engine orders more than offset the increase in component parts orders. Sales increased 17.6% to ¥7,130 million, with both main engines and component parts contributing. Order backlog decreased 5.2% to ¥5,370 million, as orders received did not keep pace with sales. In terms of earnings, component parts sales increased more than expected, and the benefits of higher production capacity absorbed cost increases from higher material prices, personnel expenses and other costs. Operating profit was ¥567 million, up 41.9% year on year, ordinary profit was ¥591 million, up 45.7%, and quarterly net profit was ¥396 million, up 45.9%, resulting in higher revenue and profit than in the same period of the previous year.」

「Against this backdrop, during the first three months of the fiscal year, orders received increased 28.0% year on year to ¥3,435 million, with both main engine and component parts orders increasing. Sales increased 6.4% to ¥3,009 million, as higher component parts sales offset lower main engine sales. Order backlog increased 34.8% to ¥6,233 million, partly due to an increase in domestic projects. In terms of earnings, increased component parts sales and the maintenance of production capacity absorbed cost increases from higher material prices, personnel expenses and other costs. Operating profit was ¥353 million, up 44.4% year on year, ordinary profit was ¥366 million, up 49.7%, and quarterly net profit was ¥248 million, up 48.3%, resulting in higher revenue and profit than in the same period of the previous year.」

「Orders received increased 4.8% year on year to ¥13,528 million, as the increase in main engine orders exceeded the decline in component parts orders. Sales increased 3.5% to ¥12,491 million for the same reason. Order backlog increased 21.7% to ¥5,806 million, partly due to an increase in overseas projects. In terms of earnings, production capacity was maintained through orders for short-lead-time projects, but costs increased due to higher material prices, personnel expenses and other costs, while component parts sales also declined. Operating profit was ¥702 million, down 18.2% year on year, ordinary profit was ¥758 million, down 15.3%, and net profit was ¥551 million, down 4.1%, resulting in higher revenue but lower profit than in the previous fiscal year.」

「Against this backdrop, during the first nine months of the fiscal year, orders received increased 15.6% year on year to ¥9,919 million, as the increase in main engine orders exceeded the decline in component parts orders. Sales increased 1.3% to ¥9,082 million for the same reason. Order backlog increased 58.2% to ¥5,607 million. In terms of earnings, production capacity was maintained through orders for short-lead-time projects, but costs increased due to higher material prices, personnel expenses and other costs, while component parts sales also declined. Operating profit was ¥486 million, down 33.2% year on year, ordinary profit was ¥531 million, down 26.1%, and quarterly net profit was ¥356 million, down 21.2%, resulting in higher revenue but lower profit than in the same period of the previous year.」

「Against this backdrop, during the first six months of the fiscal year, orders received increased 10.3% year on year to ¥6,956 million, as the increase in main engine orders exceeded the decline in component parts orders. Sales declined 6.5% to ¥6,061 million, with both main engines and component parts decreasing. Order backlog increased 51.1% to ¥5,665 million. In terms of earnings, production capacity was maintained through orders for short-lead-time projects, but costs increased due to higher material prices, personnel expenses and other costs, while component parts sales also declined. Operating profit was ¥400 million, down 27.5% year on year, ordinary profit was ¥406 million, down 27.9%, and quarterly net profit was ¥271 million, down 21.7%, resulting in lower revenue and profit than in the same period of the previous year.」

「Orders received for both main engines and component parts decreased 21.7% year on year to ¥2,684 million. Sales increased 7.2% to ¥2,828 million, as the increase in main engine sales more than offset the decline in component parts. Order backlog decreased 2.0% to ¥4,626 million.」

「Orders received for both main engines and component parts increased 24.3% year on year to ¥12,908 million. Sales increased 13.6% to ¥12,069 million, with both main engines and component parts contributing. Order backlog increased 21.4% to ¥4,770 million.」