Higher Revenue and Improved Operating Profit

「Although higher sales from new launches in Japan and the benefits of lower personnel expenses in Europe and China contributed to profit, profitability deteriorated substantially because of US tariff measures and unusual expenses in North and South America. As these effects exceeded the factors supporting higher profit, operating profit declined 16.2% year on year to ¥4.073 billion.」

「Although higher sales from new production launches in Japan contributed to revenue, reduced sales by customers in China and Europe and the foreign exchange translation effect of the stronger yen in North and South America resulted in revenue of ¥78,522 million, down 3.2% year on year. Profit benefited from lower temporary expenses in North and South America compared with the previous fiscal year, higher value added from increased equipment and parts sales following new production launches in Japan, and lower personnel expenses due to workforce reductions in Europe and China. Operating profit was ¥3,361 million, up 41.0% year on year.」

「Profit was affected by lower value added due to reduced sales by Japanese-affiliated customers in China, higher personnel expenses in Japan, and the recognition of temporary expenses in North and South America. Operating profit fell 39.7% to ¥4,860 million and ordinary profit fell 37.0% to ¥4,600 million.」

「Although the benefits of price pass-through from the previous fiscal year continued and operating conditions stabilized mainly in North and South America, profit declined due to lower revenue in China, while higher raw-material, labor and energy costs continued. In addition, the recognition of temporary expenses in the North and South America segment resulted in operating profit of ¥2,384 million, down 25.2% year on year, and ordinary profit of ¥2,156 million, down 26.3%.」

「Revenue increased to ¥156,814 million, up 13.9% year on year. Although the effects of higher raw-material, transportation, labor and energy costs continued, improved profitability accompanying price pass-through and more stable operating conditions resulted in operating profit of ¥8,053 million, up 509.7%, and ordinary profit of ¥7,296 million, up 389.6%, both representing substantial increases.」

「For the nine months ended December 2023, the group’s revenue increased to ¥114,709 million, up 13.8% year on year, due to the recovery in production as semiconductor shortages and supply-chain disruptions eased, as well as the foreign exchange translation effect of the weaker yen.」

「For the six months ended September 2023, the group’s revenue increased to ¥74,555 million, up 17.2% year on year, due to the recovery in production as semiconductor shortages and supply-chain disruptions eased, as well as the foreign exchange translation effect of the weaker yen. Although the effects of higher raw-material, transportation, labor and energy costs continued, improved profitability accompanying price pass-through and more stable operating conditions resulted in operating profit of ¥3,187 million, compared with an operating loss of ¥910 million in the same period of the previous year, and ordinary profit of ¥2,925 million, compared with an ordinary loss of ¥411 million.」

「For the three months ended June 2023, the group’s revenue increased to ¥36,446 million, up 17.4% year on year, due to the recovery in production as semiconductor shortages and supply-chain disruptions eased, as well as the foreign exchange translation effect of the weaker yen. Although the effects of higher raw-material, transportation, labor and energy costs continued, improved profitability accompanying price pass-through and more stable operating conditions resulted in operating profit of ¥1,112 million, up 737.1%, and ordinary profit of ¥1,054 million, up 172.0%.」

「Profit was affected by higher variable costs including material and logistics costs, deteriorating labor costs due to inflation and difficulties securing personnel, and higher fixed costs due to rising utility costs against the backdrop of the Russia-Ukraine conflict and other factors. The delayed pass-through of these cost increases resulted in an operating loss of ¥278 million, compared with operating profit of ¥2,915 million in the same period of the previous year.」

「Although production declined due to supply-chain disruptions caused by semiconductor shortages and other factors, as well as production stoppages from the Shanghai lockdown, the foreign exchange translation effect of the weaker yen offset this impact, resulting in revenue of ¥63,599 million, up 9.4% year on year. Profit was affected by the delayed pass-through of higher material, logistics and labor costs, resulting in an operating loss of ¥910 million, compared with operating profit of ¥3,416 million in the same period of the previous year.」

「Profit was affected by continued increases in transportation and raw-material costs resulting from supply-chain disruptions from the second half of the previous fiscal year, as well as higher fixed-cost burdens including personnel expenses caused by sharp production fluctuations mainly in Japan, North America and Europe. Operating profit fell 93.6% to ¥133 million and ordinary profit fell 82.2% to ¥387 million. Profit attributable to owners of the parent also declined due to the decrease in ordinary profit, resulting in a net loss of ¥476 million, compared with profit attributable to owners of the parent of ¥1,389 million in the same period of the previous year.」

「Revenue for the fiscal year recovered from the substantial production decline caused by the spread of COVID-19 in the previous fiscal year, but the continuing impact of production declines due to semiconductor shortages resulted in revenue of ¥115,940 million, broadly in line with the previous fiscal year and up 2.0% year on year. Profit was affected by higher transportation and raw-material costs resulting from supply-chain disruptions, as well as higher fixed costs mainly due to rising labor costs in the United States. Operating profit was ¥2,183 million, down 37.4% year on year.」

「Revenue was ¥85,449 million, up 7.0% year on year. Although profit was affected by higher transportation and raw-material costs resulting from supply-chain disruptions, operating profit rose 339.8% to ¥2,915 million and ordinary profit rose 229.2% to ¥3,162 million, also benefiting from the increase in revenue from the same period of the previous year.」

「Revenue was ¥58,119 million, up 23.8% year on year.」

「Revenue was ¥29,494 million, up 14.0% year on year. Profit was supported by the recovery from the decline in sales caused by COVID-19 and the continued effect of fixed-cost reductions through rationalization measures including workforce controls and productivity improvements. As a result, operating profit was ¥2,059 million, compared with an operating loss of ¥983 million in the same period of the previous year.」

「For the fiscal year, revenue was ¥113,657 million, down 20.4% year on year, and operating profit was ¥3,486 million, down 36.1%.」

「Operating profit was ¥663 million, down 83.6% year on year. Although it declined sharply year on year due to lower sales resulting from the spread of COVID-19 and other factors, it recovered substantially from the operating loss of ¥2,480 million recorded for the six months ended September 2020, owing to the recovery in regional sales from July 2020 onward and the effect of fixed-cost reductions through structural reforms.」

「For the six months ended September 2020, the group’s revenue was ¥46,948 million, down 35.2% year on year, as production activity at group companies fell sharply because lockdowns and customer shutdowns occurred worldwide, mainly due to the global spread of infectious diseases. Although the group worked to reduce fixed costs through rationalization measures including workforce controls and productivity improvements, this was insufficient to offset the impact of lower capacity utilization resulting from reduced sales due to the effects of infectious diseases and other factors. Operating profit therefore declined sharply year on year, resulting in an operating loss of ¥2,480 million, compared with operating profit of ¥2,878 million in the same period of the previous year.」

「Revenue was ¥25,873 million, down 28.5% year on year, as production activity at group companies fell sharply because lockdowns and customer shutdowns occurred in countries worldwide, mainly due to the global spread of infectious diseases. Although the company worked to reduce fixed costs through rationalization measures including workforce controls and productivity improvements, this was insufficient to offset the impact of lower capacity utilization resulting from reduced sales due to the effects of infectious diseases and other factors. Operating profit therefore declined sharply year on year, resulting in an operating loss of ¥983 million, compared with operating profit of ¥1,574 million in the same period of the previous year.」

「For the nine months ended December 2020, consolidated revenue was ¥107,288 million, up 2.8% year on year, and operating profit was ¥4,039 million, up 57.9%.」

「For the six months ended September 2020, consolidated revenue was ¥72,445 million, up 3.5% year on year, and operating profit was ¥2,878 million, up 15.0%.」

「Revenue was ¥36,165 million, up 4.0% year on year, while operating profit was ¥1,574 million, down 8.0%, resulting in higher revenue but lower profit.」

「Revenue was ¥140,456 million, up 1.2% year on year, while operating profit was ¥2,067 million, down 51.9%, resulting in higher revenue but lower profit. In addition to the decline in operating profit, foreign exchange losses arose as the yen remained stronger than in the previous fiscal year. Consequently, ordinary profit fell 65.3% to ¥1,435 million, while the net loss attributable to owners of the parent was ¥8,525 million, compared with profit attributable to owners of the parent of ¥4,935 million in the same period of the previous year, due to the recognition of impairment losses and other factors.」

「For the nine months ended December 2023, revenue increased mainly in Asia and China due to new production launches and higher customer production volumes, while profit declined in Europe and China due to higher fixed costs including personnel expenses. Profit also declined in North and South America due to lower revenue in Mexico. As a result, revenue was ¥104,374 million, up 1.7% year on year, while operating profit was ¥2,558 million, down 29.0%, resulting in higher revenue but lower profit. In addition to the decline in operating profit, foreign exchange losses arose as the yen remained stronger than in the previous fiscal year. Ordinary profit fell 52.3% to ¥1,827 million, while the quarterly net loss attributable to owners of the parent was ¥447 million, compared with profit attributable to owners of the parent of ¥2,156 million in the same period of the previous year, due to the recognition of impairment losses and other factors.」

「Revenue was ¥69,986 million, up 2.4% year on year, while operating profit was ¥2,502 million, down 16.5%, resulting in higher revenue but lower profit.」

「Revenue was ¥34,758 million, up 0.2% year on year, while operating profit was ¥1,711 million, down 30.5%, resulting in higher revenue but lower profit. In addition to the decline in operating profit, foreign exchange losses arose as the yen remained stronger than in the previous fiscal year. Consequently, ordinary profit fell 46.9% to ¥1,455 million, while profit attributable to owners of the parent fell 77.0% to ¥440 million due to the recognition of impairment losses and other factors.」

「The decline in profit in North and South America and Japan exceeded the recovery in Europe and improvement in Asia. Revenue was ¥102,602 million, up 4.1% year on year, while operating profit was ¥3,602 million, down 23.8%, resulting in higher revenue but lower profit.」

「Against this backdrop, for the six months ended September 2023, the decline in profit in North and South America and Japan exceeded the recovery in Europe. Revenue was ¥68,349 million, up 3.7% year on year, while operating profit was ¥2,997 million, down 20.6%, resulting in higher revenue but lower profit. Meanwhile, foreign exchange losses fell sharply as exchange rates remained stable compared with the previous fiscal year, and ordinary profit rose 43.2% to ¥3,149 million because no non-recurring expenses such as impairment losses were incurred. Profit attributable to owners of the parent rose 169.5% to ¥1,963 million.」

「For the three months ended June 2023, revenue was ¥34,677 million, up 3.7% year on year, and operating profit was ¥2,463 million, up 2.7%, resulting in higher revenue and higher profit.」

「Revenue was ¥133,794 million, down 0.1% year on year, while operating profit was ¥6,004 million, down 6.8%, due largely to lower profit in the Europe segment. Ordinary profit was ¥5,389 million, up 22.8%, due to lower foreign exchange losses, and profit attributable to owners of the parent was ¥1,074 million, compared with a loss attributable to owners of the parent of ¥724 million in the previous fiscal year.」

「Against this backdrop, for the nine months ended December 2023, revenue was ¥98,602 million, broadly in line with the same period of the previous year, down 0.2% year on year, while operating profit rose 2.1% to ¥4,726 million, due mainly to the recovery in North and South America and China, resulting in higher profit.」

「Higher revenue and operating profit in North and South America, Asia and China offset the deterioration in Europe. Revenue was ¥65,915 million, up 3.4% year on year, and operating profit was ¥3,776 million, up 28.2%, resulting in higher revenue and higher profit.」

「Revenue was ¥33,449 million, up 7.0% year on year, and operating profit was ¥2,399 million, up 51.1%, resulting in higher revenue and higher profit.」