Results by the 4 business segments and increase in overseas sales in the interim consolidated accounting period of the 71st fiscal period

「The Quick Couplings business saw firm demand, mainly for products used in semiconductor manufacturing equipment and industrial machinery, and reported net sales of ¥6,774 million, up 14.4% from the previous interim consolidated accounting period. Operating income was ¥1,264 million, up 40.0%, reflecting higher sales, primarily from increased sales of high-value-added products. The Machine Tools business reported net sales of ¥4,273 million, up 6.4%, due to increased domestic sales and overseas sales, mainly in the Americas, but recorded an operating loss of ¥304 million, compared with an operating loss of ¥5 million in the previous interim consolidated accounting period, due to the continued burden of fixed costs including depreciation and a higher cost ratio. The Linear Drive Pumps business reported net sales of ¥2,434 million, up 12.1%, as sales increased both in Japan and overseas, mainly in Europe. It recorded an operating loss of ¥4 million, compared with an operating loss of ¥26 million in the previous interim consolidated accounting period, due to the higher cost ratio, including the impact of foreign exchange. The Construction Equipment business reported net sales of ¥929 million, down 12.4%, as delays in construction work and other issues caused by soaring material prices and labor shortages in the construction industry continued. It recorded an operating loss of ¥265 million, compared with operating income of ¥48 million in the previous interim consolidated accounting period, due to the decline in sales, continued fixed-cost burdens including depreciation, and the impact of a higher cost ratio. Overseas sales were ¥5,292 million, up 15.9% from the previous interim consolidated accounting period, as demand remained firm, mainly in Asia. Overseas sales accounted for 36.7% of consolidated net sales.」