Higher revenue and a return to operating and ordinary profitability for the six-month period

「As a result, for the six months ended 30 September, revenue was ¥8,636 million, up 21.6% year on year. Profitability improved due to economies of scale in the aerospace business and increased sales of high-value-added products in the environment and energy-related business. Operating income was ¥1,132 million, up 83.7%, ordinary income was ¥1,076 million, up 88.2%, and interim net income attributable to owners of the parent was ¥732 million, up 113.3%.」

「As a result, for the six months ended 30 September, revenue was ¥7,101 million, up 19.3% year on year. Operating income was ¥616 million, up 270.2%, ordinary income was ¥571 million, up 314.4%, and interim net income attributable to owners of the parent was ¥343 million, up 325.0%. Results benefited from price revisions and increased production volumes in the environment and energy-related and aerospace businesses.」

「As a result, for the six months ended 30 September, revenue increased to ¥5,952 million, up 3.6% year on year. Production volumes declined in the housing-related and transportation and logistics businesses within the mold segment, but the environment and energy-related business within the electrical-discharge machining and surface-treatment segment performed steadily. Operating income was ¥166 million, compared with an operating loss of ¥33 million in the same period of the previous year; ordinary income was ¥137 million, compared with an ordinary loss of ¥31 million; and interim net income attributable to owners of the parent was ¥80 million, compared with an interim net loss attributable to owners of the parent of ¥6 million. Results benefited from higher revenue, price revisions and lower power costs.」

「As a result, for the three months ended 30 June, revenue increased to ¥2,989 million, up 4.6% year on year. Production volumes declined in the housing-related and transportation and logistics businesses within the mold segment, but the aerospace and environment and energy-related businesses within the electrical-discharge machining and surface-treatment segment performed steadily. Operating income was ¥78 million, compared with an operating loss of ¥19 million in the same period of the previous year; ordinary income was ¥70 million, compared with an ordinary loss of ¥16 million; and net income attributable to owners of the parent was ¥42 million, compared with a net loss attributable to owners of the parent of ¥17 million. Results benefited from higher revenue, price pass-through and lower power costs.」

「As a result, for the nine months ended 31 December, revenue was ¥8,811 million, broadly in line with the same period of the previous year and up 0.3% year on year. Production volumes declined in the housing-related business because the overseas affiliate’s aluminum extrusion dies for the domestic Thai market were affected by a revision to its production plan, and in the transportation and logistics business due to inventory adjustments in the automotive industry. Sales volumes of presses and press-related equipment also declined, but demand recovered for some items in the aerospace and environment and energy-related businesses. Operating income was ¥92 million, compared with an operating loss of ¥242 million in the same period of the previous year; ordinary income was ¥89 million, compared with an ordinary loss of ¥242 million; and net income attributable to owners of the parent was ¥87 million, compared with a net loss attributable to owners of the parent of ¥210 million. Profit benefited from higher revenue, price pass-through and cost reductions, although surging resource and energy costs affected profit.」

「As a result, for the fiscal year, revenue declined to ¥5,747 million, down 4.6% year on year. Production volumes declined because, in the housing-related business, the overseas affiliate’s aluminum extrusion dies for the domestic Thai market were affected by a revision to its production plan, while the transportation and logistics business was affected by inventory adjustments in the automotive industry. Sales volumes of presses and press-related equipment in the machinery and equipment business also declined. Although lower revenue and surging resource and energy costs affected profit, the company reduced operating loss through price pass-through and cost reductions. Operating loss was ¥33 million, compared with an operating loss of ¥52 million in the previous fiscal year; ordinary loss was ¥31 million, compared with an ordinary loss of ¥51 million; and net loss attributable to owners of the parent was ¥6 million, compared with a net loss attributable to owners of the parent of ¥22 million.」

「As a result, for the fiscal year, revenue declined to ¥2,858 million, down 3.0% year on year. Although lower revenue, surging raw material prices and higher electricity charges affected profit, the company reduced operating loss through price pass-through for some items and cost reductions. Operating loss was ¥19 million, compared with an operating loss of ¥68 million in the previous fiscal year; ordinary loss was ¥16 million, compared with an ordinary loss of ¥66 million; and net loss attributable to owners of the parent was ¥17 million, compared with a net loss attributable to owners of the parent of ¥37 million.」

「As a result, for the fiscal year, revenue declined to ¥11,679 million, down 10.0% year on year. Although demand recovered for some aircraft engine components in the aerospace business, orders for ceramic honeycomb extrusion dies and automotive surface-treatment components declined in the transportation and logistics business due to restrained investment and inventory adjustments in the automotive industry. The machinery and equipment business was also affected by sales of large digital servo presses and other products in the previous consolidated fiscal year. Operating loss was ¥311 million and ordinary loss was ¥322 million. Manufacturing costs increased due to surging raw material prices and higher electricity charges, among other factors.」

「As a result, for the nine months ended 31 December, revenue declined to ¥8,784 million, down 11.0% year on year. Although demand recovered for some aircraft engine components in the aerospace business, orders for ceramic honeycomb extrusion dies and automotive surface-treatment components declined in the transportation and logistics business due to restrained investment and inventory adjustments in the automotive industry. The machinery and equipment business was also affected by sales of large digital servo presses and other products in the same period of the previous year. Operating loss was ¥242 million, compared with operating income of ¥560 million; ordinary loss was ¥242 million, compared with ordinary income of ¥554 million; and net loss attributable to owners of the parent was ¥210 million, compared with net income attributable to owners of the parent of ¥1,196 million. Manufacturing costs increased due to surging raw material prices and higher electricity charges, among other factors.」

「As a result, for the six months ended 30 September, revenue declined to ¥6,025 million, down 6.2% year on year, because demand for industrial gas turbine components in the environment and energy-related business was in a trough and the machinery and equipment business had sold large digital servo presses and other products in the first quarter of the previous fiscal year. Operating loss was ¥52 million, compared with operating income of ¥271 million in the same period of the previous year; ordinary loss was ¥51 million, compared with ordinary income of ¥269 million; and net loss attributable to owners of the parent was ¥22 million, compared with net income attributable to owners of the parent of ¥183 million. Manufacturing costs increased due to surging raw material prices and higher electricity charges, among other factors.」

「As a result, for the three months ended 30 June, revenue declined to ¥2,947 million, down 11.4% year on year, because demand for industrial gas turbine components in the environment and energy-related business was in a trough and large digital servo presses and other machinery and equipment had been sold in the first quarter of the previous fiscal year. Operating loss was ¥68 million, compared with operating income of ¥302 million in the same period of the previous year; ordinary loss was ¥66 million, compared with ordinary income of ¥304 million; and net loss attributable to owners of the parent was ¥37 million, compared with net income attributable to owners of the parent of ¥203 million. Profit was also affected by higher manufacturing costs due to surging raw material prices and higher electricity charges.」

「As a result, for the nine months ended 31 December, revenue increased to ¥9,871 million, up 18.6% year on year, driven by increased orders for industrial gas turbine components in the environment and energy-related business and sales of digital servo presses and other machinery and equipment that had been postponed from the previous fiscal year. In addition to higher revenue, profit benefited from companywide cost-cutting measures, including a review of the production structure in response to lower orders caused by the spread of COVID-19 and other factors, and lower depreciation expenses following the impairment loss recorded in the previous fiscal year. Operating income was ¥560 million, compared with an operating loss of ¥270 million in the same period of the previous year, and ordinary income was ¥554 million, compared with an ordinary loss of ¥289 million. Following the recording of a ¥1,211 million gain on the sale of fixed assets at the Iiyama facility, net income attributable to owners of the parent was ¥1,196 million, compared with a net loss attributable to owners of the parent of ¥548 million.」

「As a result, for the six months ended 30 September, revenue increased to ¥6,427 million, up 16.8% year on year, driven by increased orders for industrial gas turbine components in the environment and energy-related business and sales of digital servo presses and other machinery and equipment that had been postponed from the previous fiscal year. In addition to higher revenue, profit benefited from companywide cost-cutting measures, including a review of the production structure in response to lower orders caused by the spread of COVID-19 and other factors, and lower depreciation expenses following the impairment loss recorded in the previous fiscal year. Operating income was ¥271 million, compared with an operating loss of ¥200 million in the same period of the previous year; ordinary income was ¥269 million, compared with an ordinary loss of ¥218 million; and net income attributable to owners of the parent was ¥183 million, compared with a net loss attributable to owners of the parent of ¥309 million.」

「As a result, for the three months ended 30 June, revenue increased to ¥3,325 million, up 21.3% year on year, driven by increased orders for industrial gas turbine components in the environment and energy-related business and sales of digital servo presses and other machinery and equipment that had been postponed from the previous fiscal year. Profit also benefited from higher revenue, companywide cost-cutting measures, including a review of the production structure in response to lower orders caused by the spread of COVID-19 and other factors, and lower depreciation expenses following the impairment loss recorded in the previous fiscal year. Operating income was ¥302 million, compared with an operating loss of ¥108 million in the same period of the previous year; ordinary income was ¥304 million, compared with an ordinary loss of ¥117 million; and net income attributable to owners of the parent was ¥203 million, compared with a net loss attributable to owners of the parent of ¥196 million.」

「As a result, for the nine months ended 31 December, revenue was ¥8,323 million, partly because KYODO DIE-WORKS(THAILAND)CO.,LTD., previously an affiliate in Thailand, became a consolidated subsidiary at the end of the previous consolidated fiscal year. Operating loss was ¥269 million and ordinary loss was ¥289 million, as the aerospace, transportation and logistics, and machinery sales businesses remained weak due to the spread of COVID-19 and other factors. In addition, a special retirement allowance of ¥146 million associated with an early-retirement program was recorded as an extraordinary loss, resulting in a net loss attributable to owners of the parent of ¥548 million.」

「As a result, for the six months ended 30 September, revenue was ¥5,502 million, partly because KYODO DIE-WORKS(THAILAND)CO.,LTD., previously an affiliate in Thailand, became a consolidated subsidiary at the end of the previous consolidated fiscal year. Operating loss was ¥199 million, ordinary loss was ¥217 million and net loss attributable to owners of the parent was ¥308 million, as the aerospace, transportation and logistics, and machinery sales businesses remained weak due to the spread of COVID-19 and other factors.」

「As a result, for the three months ended 30 June, revenue increased to ¥2,740 million, up 2.9% year on year, because KYODO DIE-WORKS(THAILAND)CO.,LTD., previously accounted for under the equity method, became a consolidated subsidiary at the end of the previous consolidated fiscal year. Operating loss was ¥106 million, compared with operating income of ¥3 million in the same period of the previous year; ordinary loss was ¥115 million, compared with ordinary loss of ¥5 million; and net loss attributable to owners of the parent was ¥195 million, compared with a quarterly net loss of ¥40 million. Results in the aerospace, transportation and logistics, and machinery sales businesses were weak due to the spread of COVID-19 and other factors.」

「For the nine months ended 31 December, revenue was ¥7,793 million. Operating loss was ¥351 million and ordinary loss was ¥344 million, mainly because the costs of launching new items increased more than expected. However, a ¥330 million gain on the extinguishment of shares held in connection with the merger was recorded as an extraordinary gain, resulting in quarterly net income of ¥47 million.」

「For the six months ended 30 September, revenue was ¥5,086 million. Operating loss was ¥174 million and ordinary loss was ¥164 million, mainly due to costs incurred to launch new items. However, a ¥330 million gain on the extinguishment of shares held in connection with the merger was recorded as an extraordinary gain, resulting in quarterly net income of ¥217 million.」

「As a result, for the three months ended 30 June, revenue declined to ¥2,663 million, down 5.0% year on year. Operating income was ¥3 million, down 98.5%, while ordinary loss was ¥5 million, compared with ordinary income of ¥268 million in the same period of the previous year. Due in part to a special retirement allowance of ¥51 million associated with the merger, net loss attributable to owners of the parent was ¥40 million, compared with net income attributable to owners of the parent of ¥188 million.」

「As a result, for the nine months ended 31 December, revenue increased to ¥8,712 million, up 11.7% year on year. In addition to higher revenue, the results benefited from the elimination of higher costs associated with alternative production following the explosion and fire at the Narita facility. Operating income was ¥640 million, up 453.2%, ordinary income was ¥723 million, up 330.3%, and net income attributable to owners of the parent was ¥507 million, up 389.3%.」

「As a result, for the six months ended 30 September, revenue increased to ¥5,714 million, up 15.1% year on year. Operating income was ¥372 million, up 905.0%, ordinary income was ¥424 million, up 563.1%, and net income attributable to owners of the parent was ¥294 million, up 817.9%. The results benefited from the elimination of higher costs associated with alternative production following the explosion and fire at the Narita facility, among other factors.」

「As a result, for the three months ended 30 June, revenue increased to ¥2,802 million, up 16.8% year on year. Operating income was ¥233 million, compared with an operating loss of ¥75 million in the same period of the previous year; ordinary income was ¥268 million, compared with an ordinary loss of ¥59 million; and net income attributable to owners of the parent was ¥188 million, compared with a net loss attributable to owners of the parent of ¥45 million. The results benefited from the elimination of higher costs associated with alternative production following the explosion and fire at the Narita facility, among other factors.」

「For the nine months ended 31 December, revenue increased to ¥7,799 million, up 6.6% year on year. Operating income was ¥115 million, down 42.2%, ordinary income was ¥168 million, down 22.6%, and net income attributable to owners of the parent was ¥103 million, down 28.7%. The results were affected by ¥277 million in higher costs associated with alternative production following the explosion and fire at the Narita facility at the end of the previous fiscal year, among other factors.」

「For the six months ended 30 September, revenue increased to ¥4,963 million, up 2.8% year on year. Operating income was ¥37 million, down 53.4%, ordinary income was ¥64 million, down 27.4%, and net income attributable to owners of the parent was ¥32 million, down 53.2%. These results were affected by ¥217 million in higher costs arising from the use of labor-intensive methods to handle alternative production following the explosion and fire at the Narita facility at the end of the previous fiscal year, among other factors.」

「However, for the three months ended 30 June, revenue increased to ¥2,400 million, up 4.4% year on year, while operating loss was ¥75 million, compared with an operating loss of ¥38 million in the same period of the previous year; ordinary loss was ¥59 million, compared with an ordinary loss of ¥34 million; and net loss attributable to owners of the parent was ¥45 million, compared with a net loss attributable to owners of the parent of ¥7 million. These results were affected by the explosion and fire at the Narita facility that occurred at the end of the previous fiscal year, among other factors.」

「As a result, for the nine months ended 31 December, consolidated revenue increased to ¥7,316 million, up 4.4% year on year. Operating income was ¥200 million, compared with an operating loss of ¥119 million in the same period of the previous year. Ordinary income was ¥217 million, compared with an ordinary loss of ¥147 million, and net income attributable to owners of the parent was ¥145 million, compared with a net loss attributable to owners of the parent of ¥56 million.」

「As a result, revenue for the six-month period ended 31 August 2017 increased 2.3% year on year to ¥4,828 million. Operating profit was ¥79 million, compared with an operating loss of ¥15 million in the same period of the previous year; ordinary profit was ¥88 million, compared with an ordinary loss of ¥37 million; and profit attributable to owners of the parent was ¥68 million, up 565.6% year on year.」