While order intake declined in FY2021-Q2, net sales increased, operating profit declined, ordinary profit increased and net income declined

「As a result, orders for the cumulative second quarter amounted to ¥941,448 thousand, down 11.2% from the same period of the previous year. The main reason for the decline was that orders had temporarily increased in the same period of the previous year due to a large order for pump products. Revenue amounted to ¥802,355 thousand, up 6.7%. Operating profit was ¥70,582 thousand, down 1.6%, as selling, general and administrative expenses declined due to lower travel and transportation expenses resulting from restrictions on business travel, despite a higher cost-of-sales ratio from sales of strategically marketed products, which reduced gross profit. Ordinary profit was ¥73,086 thousand, up 1.6%, as penalty income was recorded mainly in non-operating income despite the decline in operating profit. Although income taxes declined in the same period of the previous year due to the tax deduction of a portion of temporary differences previously treated as valuation allowances, no similar treatment was applied in the cumulative second quarter. As a result, quarterly net income for the cumulative second quarter was ¥49,295 thousand, down 17.5%.」