Decline in German Domestic Sales Due to European Market Downturn

「Cost controls, including lower personnel expenses following factory closures since the previous fiscal year, offset the impact of lower revenue, resulting in operating profit of ¥280 million, compared with an operating loss of ¥118 million in the previous fiscal year.」

「Revenue declined to ¥9,614 million, down 15.6% year on year, due to lower sales accompanying weak unit sales by European customers. Although personnel expenses were reduced through staff reductions from the previous fiscal year, operating profit of ¥88 million, down 43.5% year on year, was insufficient to offset the decline in profit from lower revenue.」

「Although revenue benefited from the weaker yen, it declined to ¥21,520 million, down 3.0% from the previous fiscal year, due to lower sales accompanying weak unit sales by European customers. Higher personnel expenses against a backdrop of higher material costs and inflation were not passed on in a timely manner, while fixed costs including system-related expenses also increased, resulting in an operating loss of ¥118 million, compared with operating profit of ¥911 million in the previous fiscal year.」

「Operating profit declined to ¥156 million, down 73.3% year on year, due to continued increases in personnel expenses against a backdrop of higher material costs, inflation and difficulties securing personnel, higher costs including system implementation expenses, and delays in negotiations to pass on costs.」

「Although higher material costs, rising personnel expenses amid inflation and difficulties securing personnel, and the trend toward higher costs including utilities continued, profit margins improved due to the effect of passing on costs, resulting in operating profit of ¥911 million, up 27.2% year on year.」

「Although higher material costs, rising personnel expenses amid inflation and difficulties securing personnel, and the trend toward higher costs including utilities continued, profit margins improved due to the effect of passing on costs, resulting in operating profit of ¥670 million, compared with an operating loss of ¥17 million in the same period of the previous year.」

「In Europe, revenue increased to ¥5,554 million, up 34.2% year on year, due to the recovery in production from semiconductor shortages and supply chain disruptions resulting from the Russia-Ukraine conflict, as well as the effect of foreign exchange translation from the weaker yen. Profitability recovered as the pass-through of higher fixed costs, driven by higher material costs, personnel expenses amid inflation and higher production costs including utilities, progressed. Operating profit was ¥221 million, compared with an operating loss of ¥18 million in the same period of the previous year.」

「In Europe, revenue increased to ¥17,442 million, up 9.1% year on year, due to the effect of foreign exchange translation despite semiconductor shortages and supply chain disruptions resulting from the Russia-Ukraine conflict. Profit was affected by a delay in passing on the sharp increase in fixed costs resulting from higher resin material costs, rising personnel expenses amid inflation and difficulties securing personnel, and higher production costs including utilities. This resulted in an operating loss of ¥59 million, compared with operating profit of ¥242 million in the same period of the previous year.」

「In Europe, revenue declined to ¥5,589 million, down 5.1% year on year, due to semiconductor supply shortages and supply chain disruptions resulting from the Russia-Ukraine conflict. Profit also declined with lower revenue, and the failure to pass on higher material, production and personnel costs resulted in an operating loss of ¥2 million, compared with operating profit of ¥384 million in the same period of the previous year.」

「In Europe, revenue increased to ¥20,931 million, up 2.5% year on year, but the impact of lower production volumes due to semiconductor shortages and other factors expanded in the second half, resulting in lower revenue on a local-currency basis. Profit was affected by sharp changes in the production volumes of automakers and higher raw material prices, with operating profit declining to ¥25 million, down 96.8% year on year.」

「Revenue recovered from the previous fiscal year, which was affected by production stoppages accompanying the spread of COVID-19, rising to ¥15,993 million, up 9.4% year on year.」

「Revenue recovered from the previous fiscal year, which was affected by production stoppages accompanying the spread of COVID-19, rising to ¥11,323 million, up 25.5% year on year. Revenue increased as the impact of supply chain disruptions, including semiconductor shortages, was limited.」

「Revenue rose to ¥5,888 million, up 2.5% year on year, due to the recovery in production at the UK subsidiary, which had suspended operations in the same period of the previous year because of the spread of COVID-19. The effects of last year's structural reforms also continued, resulting in operating profit of ¥384 million, compared with an operating loss of ¥24 million in the same period of the previous year.」

「Production has been recovering since lockdowns were gradually lifted from July 2020, while the effects of structural reforms implemented since the previous year and fixed-cost reductions, including the use of shorter working hours, contributed」

「Revenue was ¥14,614 million, down 25.6% year on year, due to the economic contraction resulting from the spread of COVID-19. Following the gradual lifting of lockdowns from July 2020, production began to recover. The effects of structural reforms implemented since the previous year, shorter working hours, and fixed-cost reductions, including the use of government subsidy programs, contributed to an operating profit of ¥351 million, turning around from an operating loss of ¥320 million in the same period of the previous year.」

「Revenue declined to ¥9,024 million, down 27.8% year on year, due to the severe impact of the spread of COVID-19. Although efforts were made to reduce personnel expenses through shorter working hours and temporary layoffs, and to apply for government subsidies, the impact of lower revenue resulted in an operating loss of ¥232 million, compared with an operating loss of ¥75 million in the same period of the previous year.」

「Revenue declined to ¥5,745 million, down 9.3% year on year, mainly because operations at the UK subsidiary remained suspended due to the spread of COVID-19 and other factors.」

「Although sales of existing products in the UK and Germany declined due to weak European markets and other factors, the start-up of new products for mass production contributed, limiting the decline in revenue.」

「Although sales in Germany declined due to weak European markets, higher sales from increased production accompanying new start-ups resulted in revenue of ¥6,335 million, broadly in line with the same period of the previous year, up 0.3% year on year.」