Dependence on Sales to the Automotive and Auto Parts Industries

「Global production volumes of EVs, PHEVs and other vehicles continued to grow, and sales of suspension solenoid valves remained strong. However, lower sales of conventional products amid the electrification of auxiliary equipment caused operating income to decline 42.3% year on year to ¥362 million.」

「Global EV production continued to grow, sales of suspension solenoid valves were strong, and sales of conventional products for internal combustion engines also remained firm,」

「Sales of suspension solenoid valves, which we are working to expand, are expected to continue increasing for EV applications as global EV production grows. However, conventional products for internal-combustion engines are expected to decline, resulting in lower sales overall.」

「Although the pace of vehicle electrification has slowed, global EV production continues to grow, and sales of vehicle models equipped with our suspension solenoid valves were strong,」

「As vehicle electrification progressed globally, sales of conventional products for internal combustion engines, such as seals and control valves, declined. The decline was particularly pronounced in Japan and Southeast Asia, resulting in segment revenue of ¥87.592 billion, down 3.2% from the previous fiscal year, and operating profit of ¥559 million, down 65.3%.」

「Approximately 50% of our Group's products are supplied to the automotive and automotive parts industries, and our Group's performance and other results are affected by trends in automobile production and sales. We are also affected by declining sales of existing products for internal combustion engines as electric vehicles, fuel-cell vehicles and other vehicles become more widespread.」

「Global automobile production was gradually recovering, and foreign-exchange translation also had a positive effect. As a result, segment revenue was ¥67.616 billion, up 5.8% year on year. On the profit side, higher raw material prices and increased fixed costs reduced operating profit to ¥1.237 billion, down 31.3%.」

「Global automobile production was gradually recovering, and the foreign-exchange translation benefit also had a significant positive impact. As a result, segment revenue was ¥44.275 billion, up 4.7% year on year. On the profit side, higher raw material prices and increased fixed costs resulted in an operating loss of ¥141 million, compared with operating profit of ¥1.072 billion in the previous year.」

「Global automobile production was gradually recovering, and segment revenue was ¥20.807 billion, up 2.3% year on year. On the profit side, higher raw material prices and electricity charges, among other factors, resulted in an operating loss of ¥459 million, compared with operating profit of ¥540 million in the previous year.」

「Although the business was affected by the continued global semiconductor shortage and lockdowns in major Chinese cities, among other factors, the foreign-exchange benefit from the weaker yen lifted segment revenue to ¥63.912 billion, up 6.7% year on year. However, higher raw material prices and increased electricity charges, among other factors, combined to reduce operating profit to ¥1.05 billion, down 31.3%.」

「Although global automobile production was gradually recovering, the business was affected by the semiconductor shortage, lockdowns in major Chinese cities and the impact of COVID-19 in Southeast Asia, among other factors. The foreign-exchange benefit from the weaker yen lifted segment revenue to ¥42.296 billion, up 2.6% year on year, but lower sales volume, higher raw material prices and increased electricity charges combined to reduce operating profit to ¥561 million, down 65.1%.」

「Global automobile production declined due to the conflict in Ukraine, the semiconductor shortage, lockdowns in major Chinese cities and the impact of COVID-19 in Southeast Asia, among other factors. As a result, segment revenue was ¥20.34 billion, down 7.5% year on year, and operating profit was ¥284 million, down 76.3%.」

「Approximately 50% of our Group's products are supplied to the automotive and automotive parts industries, and our Group's performance and other results are affected by trends in automobile production and sales.」

「Although global automobile production was trending downward due to the global shortage of semiconductors and other components, sales remained above the previous year. As a result, segment revenue was ¥59.878 billion, up 8.7% year on year, and operating profit was ¥1.53 billion, compared with an operating loss of ¥348 million in the previous year.」

「Although the business was affected by the global shortage of semiconductors and other components, automobile production recovered in Europe, the United States and Asia as well as Japan, and sales of automotive products remained firm. As a result, segment revenue was ¥41.232 billion, up 28.5% year on year, and operating profit was ¥1.609 billion, compared with an operating loss of ¥2.061 billion in the previous year.」

「Automotive production recovered in Japan as well as Europe, the United States and Asia, and sales of automotive products remained firm. As a result, segment revenue was ¥21.985 billion, up 72.4% year on year, and operating profit was ¥1.2 billion, compared with an operating loss of ¥1.929 billion in the previous year.」

「Although signs of recovery emerged worldwide following the Chinese market, the recovery was insufficient to offset the decline. Automotive products were broadly affected, resulting in segment revenue of ¥55.102 billion, down 16.7% year on year, and an operating loss of ¥348 million, compared with operating profit of ¥1.652 billion in the previous year.」

「Although the Chinese market recovered relatively quickly, the pace of recovery was slow worldwide, broadly affecting automotive products. Segment revenue was ¥32.081 billion, down 28.3% year on year, and the operating loss was ¥2.061 billion, compared with operating profit of ¥1.476 billion in the previous year.」

「Automobile production worldwide fell sharply as the automotive industry continued to scale back or suspend operations and recovery remained slow. Automotive products were broadly affected, resulting in segment revenue of ¥12.755 billion, down 43.2% year on year, and an operating loss of ¥1.929 billion, compared with operating profit of ¥738 million in the previous year.」

「Approximately 60% of our Group's products are supplied to the automotive and automotive parts industries, and our Group's performance and other results are affected by trends in automobile production and sales.」

「Global automobile production, including in China, declined, broadly affecting automotive products. As a result, segment revenue was ¥66.181 billion, down 9.5% year on year, and operating profit was ¥1.652 billion, down 61.7%.」

「As automotive products were broadly affected by the decline in global automobile production, segment revenue was ¥44.744 billion, down 9.5% year on year, and operating profit was ¥1.476 billion, down 46.2%.」

「Our business was also directly and indirectly affected by the slowdown in the Chinese economy. Sales of automotive products declined in particular, resulting in overall revenue and profit falling below the previous year.」

「Although the construction equipment market remained firm, sales of automotive products slowed sharply in China, Europe and other markets. As a result, segment revenue was ¥95.282 billion, down 3.9% from the previous fiscal year, and operating profit was ¥4.433 billion, down 33.0%, due to lower sales and higher variable costs, among other factors.」

「As sales of automotive products slowed sharply from the latter half of the third quarter, segment revenue was ¥73.151 billion, down 1.0% year on year.」

「Approximately 50% of our Group's products are supplied to the automotive and automotive parts industries, and we are affected by trends in automobile production and sales.」