Establishment of the 南星 segment and reporting of its results

「Although orders for renovation work at hydroelectric power plants and other projects progressed smoothly in the cable crane business, revenue was ¥1,302.1 million, down 0.3% year on year, due to the impact of project timing and other factors.」

「Although orders for renovation work at hydroelectric power plants, which are being reconsidered as a source of renewable energy, remained strong in the cable crane business, revenue was ¥540.3 million, down 4.8% year on year, due to project timing and other factors.」

「Although renovation work at hydroelectric power plants, which are being reconsidered as a source of renewable energy, continued to progress smoothly in the cable crane business, revenue declined to ¥1,158.8 million, down 28.1% year on year, partly because revenue from a large dam construction project had been recorded in the same period of the previous year.」

「Although renovation work at hydroelectric power plants, which are being reconsidered as a source of renewable energy, continued to progress smoothly in the cable crane business, revenue fell sharply to ¥316.2 million, down 59.5% year on year, partly because revenue from a large dam construction project had been recorded in the first quarter of the previous year.」

「The cable crane business recorded revenue of ¥1,235.9 million, up 102.7% year on year, driven by revenue from a large dam construction project and continued solid renovation work at hydroelectric power plants, which are being reconsidered as a source of renewable energy.」

「The cable crane business recorded revenue of ¥781.5 million, up 190.9% year on year, driven by revenue from a large dam construction project and continued solid renovation work at hydroelectric power plants, which are being reconsidered as a source of renewable energy.」

「From the first-quarter consolidated accounting period, following a review of reasonable segment classifications in light of future business development, the Company changed its reporting segments from the previous three categories, "Domestic," "Overseas" and "Nansei," to two categories, "Domestic" and "Overseas," partly because a system had been established to manage the sales offices of OKADA AIYON CORPORATION and 株式会社南星機械 as an integrated unit.」

「From the first-quarter consolidated accounting period, following a review of reasonable segment classifications in light of future business development, the Company changed its reporting segments from the previous three categories, "Domestic," "Overseas" and "Nansei," to two categories, "Domestic" and "Overseas," partly because a system had been established to manage the sales offices of OKADA AIYON CORPORATION and 株式会社南星機械 as an integrated unit.」

「From the current first-quarter consolidated accounting period, following a review of reasonable segment classifications in light of future business development, the Company changed its reporting segments from the previous three categories, "Domestic," "Overseas" and "Nansei," to two categories, "Domestic" and "Overseas," partly because a system had been established to manage the sales offices of OKADA AIYON CORPORATION and 株式会社南星機械 as an integrated unit.」

「The Nansei segment recorded revenue of ¥2,070.2 million, up 11.8% year on year. Although forestry machinery revenue declined 6.5% year on year to ¥516.4 million, partly because customers deferred purchases during the COVID-19 pandemic, metal scrap machinery revenue rose 17.8% to ¥260.0 million due to the delivery of a large stationary loader, and cable crane revenue rose 46.1% to ¥842.4 million as renovation work at hydroelectric power plants progressed smoothly. Segment profit was ¥70.5 million, up 289.3% year on year.」

「The Nansei segment recorded revenue of ¥1,338.3 million, down 2.6% year on year. Although forestry machinery revenue declined 10.0% year on year to ¥340.0 million and metal scrap machinery revenue declined 36.6% to ¥115.9 million, partly because customers deferred purchases during the COVID-19 pandemic, revenue in the cable crane business rose 34.3% to ¥600.9 million, supported by stable renovation work at hydroelectric power plants, which are being reconsidered as a source of renewable energy. Segment profit rose 21.4% year on year to ¥55.1 million, partly due to the effects of cost reductions.」

「The Nansei segment recorded revenue of ¥558.0 million, down 17.2% year on year. Partly because customers deferred purchases during the COVID-19 pandemic, forestry machinery revenue was ¥144.4 million, down 14.6% year on year, and metal scrap machinery revenue was ¥44.0 million, down 7.5%. Although orders remained stable in the cable crane business for hydroelectric power plant construction, revenue was ¥228.2 million, down 12.0% year on year, due to the timing of project completion. As a result, segment profit was ¥20.8 million, down 6.1% year on year.」

「The Nansei segment recorded revenue of ¥2,554.4 million, down 9.0% year on year. Although the Company strengthened cooperation in manufacturing and sales within the Group, introduced new models of its core grapples and winches, and adopted planned production to reduce lost sales opportunities, revenue declined due to delays in the measures taking hold and shipment delays for excavators. Segment profit was ¥89.0 million, down 54.3% year on year, as the increase in revenue was insufficient to cover higher personnel and other expenses resulting from improved employee compensation, although the result was within the initially expected range.」

「The Nansei segment recorded revenue of ¥1,851.2 million, down 4.9% year on year. Although the Company introduced new models of its core grapples and winches and adopted planned production to reduce lost sales opportunities, revenue declined due to the delayed impact of these measures and shipment delays for excavators. Segment profit was ¥18.1 million, down 77.1% year on year, as the increase in revenue was insufficient to cover higher personnel and other expenses resulting from improved employee compensation, although the result was within the initially expected range.」

「Although the Company introduced new models of its core grapples and winches and adopted planned production to reduce lost sales opportunities, the measures were slow to take hold and revenue increased only slightly. Segment profit was ¥45.4 million, down 41.1% year on year, as the increase in revenue was insufficient to cover higher personnel and other expenses, although the result was within the initially expected range.」

「The Nansei segment recorded revenue of ¥674.0 million, up 3.6% year on year. Although the Company introduced new models of its core grapples and winches and adopted planned production to reduce lost sales opportunities, revenue increased only slightly. Segment profit was ¥22.1 million, down 12.4% year on year, partly due to higher personnel expenses, although this was within the initially expected range.」

「The Nansei segment, which contributed to consolidation for the full year from the current consolidated fiscal year, recorded revenue of ¥2,808.2 million, up 83.2% year on year. Its main products sold were forestry machinery, metal scrap-related equipment, cable cranes and marine cranes. Segment profit was ¥194.8 million, compared with a segment loss of ¥11.0 million in the previous year, mainly because the one-off insurance expense burden no longer applied.」

「The Nansei segment focused on sales centered on forestry machinery, scrap machinery and cable cranes, recording revenue of ¥1,945.9 million, up 151.5% year on year.」

「The Nansei segment focused on sales centered on forestry machinery, scrap machinery and cable cranes, recording revenue of ¥1,308.3 million.」

「The Nansei segment focused on sales centered on forestry machinery, scrap machinery and cable cranes, recording revenue of ¥650.4 million.」

「The Nansei segment recorded revenue of ¥773.8 million for the three-month cumulative period. Its main products sold were forestry machinery, scrap machinery, truck-mounted and marine cranes, large winches, aerial cableways and cable cranes.」