Strengthening Commercial and Sales Capabilities and Market Share in Europe

「Across all regional segments of the Group, both net sales and profits increased. In Europe and Africa and in Asia in particular, the effects of foreign exchange translation contributed to significant year-on-year increases in both net sales and operating profit.」

「(Europe and Africa) Revenue was ¥7,667 million, up 18.8% year on year, and operating profit was ¥718 million, up 28.5%.」

「(Europe and Africa) Revenue was ¥29,227 million, up 18.3% from the previous fiscal year, and operating profit was ¥2,820 million, up 45.1%.」

「In Europe and Africa, the number of COVID-19 cases increased sharply toward the end of the fiscal year due to the spread of the Delta variant, but economic conditions in major countries remained relatively solid. ... In addition to these factors, revenue increased from the previous fiscal year partly because 1 German company was newly included in the scope of consolidation.」

「In Europe and Africa, the global spread of COVID-19 increased again, but signs of economic recovery began to emerge toward the second half of the fiscal year. ... In addition to these factors, revenue increased year on year partly because 1 German company was newly included in the scope of consolidation.」

「Although the aerospace-related industry remains difficult, we have been pursuing orders through collaboration between the companies acquired through M&A and Group companies, which has led to the acquisition of projects. Revenue increased marginally year on year, partly because newly consolidated companies were added during the fiscal year.」

「Revenue increased marginally due to the newly consolidated 6 subsidiaries and other entities located in Germany and Italy from the beginning of the fiscal year.」

「Although political risks such as Brexit remain in Europe and Africa, we are focusing on strengthening our sales capabilities in this region, where our market share is relatively low, particularly in the automotive-related industry. To increase market share, we aim to strengthen sales of standard products in existing markets, expand sales of specialty products by developing major users, and strengthen sales and development capabilities for the aerospace-related industry.」

「In Europe and Africa, market conditions progressed steadily, driven mainly by demand from the automotive-related industry. In this region, where our market share is relatively low, we are focusing on strengthening our sales capabilities. We are steadily seeking to increase our market share by strengthening sales of standard products in existing markets, expanding sales of specialty products by developing major users, and strengthening sales and development capabilities for the aerospace-related industry. Although sales on a local-currency basis increased, sales declined and operating profit decreased year on year due in part to the foreign exchange translation impact of the weaker euro. In addition, 3 subsidiaries located in the UK, France and Poland were newly included in the scope of consolidation from the beginning of the fiscal year.」

「In Europe and Africa, business progressed steadily, driven mainly by demand from the automotive-related industry. In this region, where our market share is relatively low, we are focusing on strengthening our sales capabilities. We are steadily seeking to increase our market share by strengthening sales of standard products in existing markets, expanding sales of specialty products by developing major users, and strengthening sales and development capabilities for the aerospace-related industry. Although sales on a local-currency basis increased, sales were only marginally higher year on year and operating profit declined due in part to the foreign exchange translation impact of the weaker euro. In addition, 3 subsidiaries located in the UK, France and Poland were newly included in the scope of consolidation from the beginning of the fiscal year.」

「In Europe and Africa, business progressed steadily, driven mainly by demand from the automotive-related industry. In this region, where our market share is relatively low, we are focusing on strengthening our sales capabilities. We are steadily seeking to increase our market share by strengthening sales of standard products in existing markets, expanding sales of specialty products by developing major users, and strengthening sales and development capabilities for the aerospace-related industry.」

「In addition, 2 subsidiaries located in France and Germany were newly included in the scope of consolidation from the beginning of the fiscal year.」

「In Europe and Africa, business progressed steadily, driven by strong performance in the automotive and aerospace-related industries. In this region, where our market share is relatively low, we are focusing on strengthening our sales capabilities. We are steadily seeking to increase our market share by strengthening sales of standard products in existing markets, expanding sales of specialty products by developing major users, and strengthening sales and development capabilities for the robust aerospace-related industry. Sales and operating profit increased year on year due to higher sales of carbide drills and carbide end mills, in addition to our core taps, as well as the foreign exchange translation impact of the stronger euro. In addition, 1 subsidiary located in France was newly included in the scope of consolidation from the beginning of the fiscal year.」

「In addition, 4 subsidiaries located in South Africa, Switzerland and Ireland were newly included in the scope of consolidation from the beginning of the fiscal year, further strengthening our sales capabilities, including through the development of new sales channels.」

「In Europe and Africa, business remained solid, driven by strong performance in the automotive and aerospace-related industries. In this region, where our market share is relatively low, we are focusing on strengthening our sales capabilities. We are seeking to increase our market share by expanding sales of new products in existing markets and strengthening our sales capabilities for the aerospace-related industry. Sales increased year on year due to higher sales of carbide drills and carbide end mills, in addition to our core taps, and higher sales of high-speed steel drills acquired through M&A, but operating profit was flat due to increased amortization of goodwill. In addition, 4 subsidiaries located in South Africa, Switzerland and Ireland were newly included in the scope of consolidation from the beginning of the fiscal year, further strengthening our sales capabilities.」

「In this region, where our market share is relatively low, we are focusing on strengthening our sales capabilities. We are seeking to increase our market share by expanding sales of new products in existing markets and strengthening our sales capabilities for the aerospace-related industry. Sales increased year on year due to higher sales of carbide drills and carbide end mills, in addition to our core taps, and higher sales of high-speed steel drills acquired through M&A, but operating profit declined due to the foreign exchange translation impact of the stronger yen. In addition, 4 subsidiaries located in South Africa, Switzerland and Ireland were newly included in the scope of consolidation from the beginning of the fiscal year, further strengthening our sales capabilities.」

「In this region, where our market share is relatively low, we are focusing on strengthening our sales capabilities. We are seeking to increase our market share by expanding sales of new products in existing markets and strengthening our sales capabilities for the aerospace-related industry. Sales increased year on year due to higher sales of carbide drills and carbide end mills, in addition to our core taps, and higher sales of high-speed steel drills in the South African market, but operating profit declined due to the foreign exchange translation impact of the stronger yen. In addition, 4 subsidiaries located in South Africa, Switzerland and Ireland were newly included in the scope of consolidation from the beginning of the fiscal year, further strengthening our sales capabilities.」

「In this region, where our market share is relatively low, we are focusing on strengthening our sales capabilities. We are seeking to increase our market share by expanding sales of new products in existing markets and strengthening our sales capabilities for the aerospace-related industry. In addition, subsidiaries located in France and Belgium were newly included in the scope of consolidation from the beginning of the fiscal year, further strengthening our sales capabilities.」

「In this region, where our market share is relatively low, we are focusing on strengthening our sales capabilities. We are seeking to increase our market share by expanding sales of new products in existing markets and strengthening our sales capabilities for the aerospace-related industry. In addition, 3 subsidiaries located in France and Belgium were newly included in the scope of consolidation from the first quarter of the fiscal year, further strengthening our sales capabilities.」

「In this region, where our market share is relatively low, we are focusing on strengthening our sales capabilities. We are seeking to increase our market share by expanding sales of new products in existing markets and strengthening our sales capabilities for the aerospace-related industry. In addition, 3 subsidiaries located in France and Belgium were newly included in the scope of consolidation from the first quarter of the fiscal year, further strengthening our sales capabilities.」