Decline in earning power from lower revenue and earnings

「Net sales were ¥7,039 million, up 1.9% year on year, operating profit was ¥379 million, down 31.6%, ordinary profit was ¥271 million, down 45.6%, and net loss attributable to owners of the parent was ¥16 million, compared with net profit attributable to owners of the parent of ¥341 million in the same quarter of the previous year, due to the recording of ¥128 million in consumption taxes and other taxes relating to prior fiscal years.」

「As a result, net sales for the fiscal year under review were ¥29,118 million, down 0.7% year on year, operating profit was ¥2,030 million, down 21.2%, ordinary profit was ¥1,822 million, down 29.7%, and net profit attributable to owners of the parent was ¥1,309 million, down 36.9%.」

「As a result, net sales for the fiscal year under review were ¥29,118 million, down 0.7% year on year, operating profit was ¥2,030 million, down 21.2%, ordinary profit was ¥1,822 million, down 29.7%, and net profit attributable to owners of the parent was ¥1,309 million, down 36.9%.」

「Revenue for the fiscal year was ¥29,337 million, up 1.7% year on year. Operating income was ¥2,576 million, up 11.6%; ordinary income was ¥2,594 million, up 20.0%; and net income attributable to owners of the parent was ¥2,075 million, up 39.6%.」

「Revenue for the six-month interim period was ¥14,315 million, down 4.1% year on year. Operating income was ¥1,183 million, down 8.1%; ordinary income was ¥1,260 million, up 1.5%; and interim net income attributable to owners of the parent was ¥948 million, up 7.8%.」

「As a result, revenue for the fiscal year was ¥28,833 million, down 12.3% year on year. Operating income was ¥2,307 million, down 18.6%; ordinary income was ¥2,161 million, down 13.7%; and net income attributable to owners of the parent was ¥1,487 million, down 27.9%.」

「As a result, revenue for the first nine months of the fiscal year was ¥22,528 million, down 14.8% year on year. Operating income was ¥1,920 million, down 18.8%; ordinary income was ¥1,860 million, down 15.0%; and quarterly net income attributable to owners of the parent was ¥1,353 million, down 28.1%.」

「Revenue for the first six months of the fiscal year was ¥14,923 million, down 11.4% year on year. Operating income was ¥1,288 million, down 10.7%; ordinary income was ¥1,241 million, down 5.8%; and quarterly net income attributable to owners of the parent was ¥879 million, down 22.8%.」

「Revenue for the first quarter of the fiscal year was ¥6,775 million, down 13.6% year on year. Operating income was ¥640 million, up 3.1%; ordinary income was ¥537 million, down 1.7%; and quarterly net income attributable to owners of the parent was ¥330 million, down 26.4%.」

「As a result, revenue for the fiscal year was ¥32,864 million, up 11.8% year on year. Operating income was ¥2,833 million, up 81.7%; ordinary income was ¥2,504 million, up 69.6%; and net income attributable to owners of the parent was ¥2,063 million, up 55.4%.」

「As a result, revenue for the first nine months of the fiscal year was ¥26,429 million, up 26.4% year on year. Operating income was ¥2,364 million, up 113.1%; ordinary income was ¥2,188 million, up 107.5%; and quarterly net income attributable to owners of the parent was ¥1,881 million, up 67.7%.」

「As a result, revenue for the first six months of the fiscal year was ¥16,836 million, up 25.4% year on year. Reflecting the effects of management structural reforms, operating income was ¥1,441 million, up 172.1%; ordinary income was ¥1,317 million, up 131.4%; and quarterly net income attributable to owners of the parent was ¥1,139 million, up 72.1%.」

「As a result, revenue for the first quarter of the fiscal year was ¥7,846 million, up 22.8% year on year. Operating income was ¥621 million, up 221.6%; ordinary income was ¥546 million, up 128.0%; and quarterly net income attributable to owners of the parent was ¥448 million, up 99.4%.」

「As a result of reallocating management resources through faster company-wide management decision-making and reductions in unprofitable, controllable individual fixed costs as part of the management structural reforms, operating income for the fiscal year was ¥1,558 million, 13 times the year-earlier level. Ordinary income was ¥1,476 million, 295 times the year-earlier level, and net income attributable to owners of the parent was ¥1,327 million, compared with a net loss attributable to owners of the parent of ¥208 million in the previous fiscal year.」

「As a result, revenue for the first nine months of the fiscal year was ¥20,900 million, up 30.4% year on year. Operating income was ¥1,109 million, compared with an operating loss of ¥208 million in the year-earlier period; ordinary income was ¥1,054 million, compared with an ordinary loss of ¥251 million; and quarterly net income attributable to owners of the parent was ¥1,121 million, compared with a quarterly net loss attributable to owners of the parent of ¥411 million.」

「As a result, revenue for the first six months of the fiscal year was ¥13,420 million, up 26.8% year on year. Reflecting the effects of management structural reforms, operating income was ¥529 million, compared with an operating loss of ¥282 million in the year-earlier period; ordinary income was ¥569 million, compared with an ordinary loss of ¥341 million; and quarterly net income attributable to owners of the parent was ¥662 million, compared with a quarterly net loss attributable to owners of the parent of ¥443 million.」

「As a result, revenue for the first quarter of the fiscal year was ¥6,387 million, up 22.9% year on year. Operating income was ¥193 million, compared with an operating loss of ¥201 million in the year-earlier quarter; ordinary income was ¥239 million, compared with an ordinary loss of ¥303 million; and quarterly net income attributable to owners of the parent was ¥224 million, compared with a quarterly net loss attributable to owners of the parent of ¥250 million. These results reflected faster decision-making and reductions in controllable individual fixed costs through management structural reforms across the Group.」

「Operating income was ¥119 million, compared with an operating loss of ¥98 million in the previous fiscal year, as orders recovered mainly in the second half and the Group pursued a selection and concentration of businesses as part of its management structural reforms, accelerating company-wide management decision-making and reducing manageable fixed costs in unprofitable areas. Ordinary income was ¥5 million, compared with an ordinary loss of ¥146 million in the previous fiscal year, due to the recording of ¥86 million in equity-method investment losses. Net loss attributable to owners of the parent was ¥208 million, compared with a net loss attributable to owners of the parent of ¥500 million in the previous fiscal year, mainly due to the recording of ¥150 million in extraordinary losses associated with the implementation of an early retirement program as part of the management structural reforms.」

「Revenue for the first nine months of the fiscal year was ¥16,025 million, down ¥3,464 million, or 17.8%, year on year. As part of management structural reforms, the Group is working to accelerate management decision-making and reduce fixed costs, based on a selection and concentration of businesses. These measures produced some results, but could not offset the decline in revenue during the first half, resulting in an operating loss of ¥208 million, a year-on-year deterioration of ¥56 million. Ordinary loss was ¥251 million. Although operating performance deteriorated and the performance of equity-method affiliates worsened due to the impact of COVID-19, causing the equity in earnings of affiliates recorded in the year-earlier period to turn into a loss, the company received employment adjustment subsidies as a COVID-19 measure, reduced interest expenses, and saw the foreign exchange loss recorded in the year-earlier period turn into a gain, among other factors. As a result, ordinary loss improved by ¥35 million year on year.」

「Revenue for the first six months of the fiscal year was ¥10,586 million, down ¥2,275 million, or 17.7%, year on year. Efforts across the Group to reduce the cost of manufacturing, selling, general and administrative expenses produced some results, but could not offset the decline in revenue, resulting in an operating loss of ¥282 million, a year-on-year deterioration of ¥40 million.」

「As a result, revenue for the first quarter of the fiscal year was ¥5,196 million, down ¥1,010 million, or 16.3%, year on year. Despite strenuous efforts across the Group to reduce the cost of manufacturing, selling, general and administrative expenses, the decline in revenue could not be offset, resulting in an operating loss of ¥201 million, a year-on-year deterioration of ¥30 million. Ordinary loss was ¥303 million, as the deterioration in operating income and fluctuations in foreign exchange rates caused the foreign exchange gain recorded in the year-earlier period to turn into a loss, a year-on-year deterioration of ¥101 million.」

「As a result, revenue for the fiscal year was ¥26,135 million, down ¥2,497 million, or 8.7%, from the previous fiscal year. Despite efforts across the Group to reduce the cost of manufacturing, selling, general and administrative expenses, the decline in revenue was substantial, resulting in an operating loss of ¥98 million and a year-on-year decline in operating income of ¥460 million.」

「Revenue for the first nine months of the fiscal year was ¥19,490 million, down ¥2,339 million, or 10.7%, year on year. Despite efforts to reduce the cost of manufacturing, selling, general and administrative expenses, the impact of lower revenue could not be offset, resulting in an operating loss of ¥152 million, a year-on-year decline in operating income of ¥305 million.」

「Revenue for the first six months of the fiscal year was ¥12,861 million, down ¥1,133 million, or 8.1%, year on year. Despite efforts to reduce the cost of manufacturing, selling, general and administrative expenses, the impact of lower revenue could not be offset, resulting in an operating loss of ¥241 million, a year-on-year deterioration of ¥151 million. Ordinary loss was ¥314 million, a year-on-year deterioration of ¥70 million.」

「As a result, revenue for the first quarter of the fiscal year under review was ¥6,207 million, a decrease of ¥600 million (8.8%) year on year. In operating results, despite efforts to reduce manufacturing costs and selling, general and administrative expenses, the decline in revenue resulted in an operating loss of ¥170 million, a deterioration of ¥131 million year on year. In ordinary results, although the equity-method investment income increased and the foreign exchange loss recorded in the previous year due to foreign exchange fluctuations turned into a foreign exchange gain, the deterioration in operating results resulted in an ordinary loss of ¥201 million, a deterioration of ¥115 million year on year.」

「Revenue was ¥28,632 million, an increase of ¥110 million (0.4%) from the previous consolidated fiscal year. Operating profit was ¥362 million, down 17.3% from the previous consolidated fiscal year, and ordinary profit was ¥275 million, down 46.5%. The company recorded a loss attributable to owners of the parent of ¥226 million.」

「As a result, revenue for the first nine months of the fiscal year under review was ¥21,829 million, an increase of ¥580 million (2.7%) year on year. In operating results, although revenue increased, the cost of sales ratio rose due to the impact of soaring raw material prices and an increase in purchased product costs, while selling, general and administrative expenses also increased. Operating profit was therefore ¥153 million (down 61.9%), a decrease of ¥248 million year on year. In ordinary results, although an overseas subsidiary in China received a government technology subsidy, the decline in operating results and an increase in foreign exchange losses due to foreign exchange fluctuations resulted in ordinary profit of ¥59 million (down 82.4%), a decrease of ¥281 million year on year. In profit attributable to owners of the parent, the decline in ordinary results, higher tax expenses, and the recording of prior-period corporate taxes resulted in a loss attributable to owners of the parent of ¥291 million, down ¥529 million year on year.」

「As a result, revenue for the first six months of the fiscal year under review was ¥13,994 million, an increase of ¥143 million (1.0%) year on year. In operating results, although revenue increased, the company pursued product price adjustments in response to soaring raw material prices, but the impact of higher raw material prices was significant, raising the manufacturing cost ratio. Selling, general and administrative expenses also increased, resulting in an operating loss of ¥90 million, down ¥291 million year on year. In ordinary results, the decline in operating results, the decrease in equity-method investment income, and an increase in foreign exchange losses resulted in an ordinary loss of ¥243 million, down ¥379 million year on year. In profit attributable to owners of the parent, the decline in ordinary results, higher tax expenses, and the recording of prior-period corporate taxes resulted in a loss attributable to owners of the parent of ¥515 million, down ¥591 million year on year.」

「In operating results, although revenue increased, higher manufacturing costs due to soaring raw material prices and other factors, along with increased selling, general and administrative expenses, resulted in an operating loss of ¥39 million, down ¥128 million year on year.」

「As a result, revenue for the consolidated fiscal year was ¥28,522 million, an increase of ¥480 million (1.7%) from the previous consolidated fiscal year. Although revenue increased, higher manufacturing costs due to soaring raw material prices and other factors, along with increased selling, general and administrative expenses, resulted in operating profit of ¥438 million, down ¥238 million (35.2%) from the previous consolidated fiscal year. Although operating profit declined, foreign exchange losses recorded in the previous consolidated fiscal year turned into foreign exchange gains through measures such as hedging foreign exchange risk. In addition, an overseas subsidiary in China received a government technology subsidy, resulting in ordinary profit of ¥515 million, up ¥10 million (2.1%) from the previous consolidated fiscal year.」

「As a result, revenue for the first nine months of the fiscal year under review was ¥21,249 million, an increase of ¥2,065 million (10.8%) year on year. In operating results, although revenue increased, manufacturing costs rose due to higher variable and fixed costs related to circuit boards, and selling, general and administrative expenses also increased. Operating profit was therefore ¥401 million, down ¥34 million (8.0%) year on year. In ordinary results, although operating profit declined, the reduction in foreign exchange losses through measures such as hedging foreign exchange risk resulted in ordinary profit of ¥341 million, up ¥276 million (431.3%) year on year. Profit attributable to owners of the parent was ¥237 million, as the increase in ordinary profit resulted in a ¥258 million year-on-year increase and a return to profitability.」

「As a result, revenue for the first six months of the fiscal year under review was ¥13,851 million, an increase of ¥1,390 million (11.2%) year on year. In operating results, despite higher manufacturing costs due to soaring raw material prices and an increase in purchased product costs, the increase in revenue resulted in operating profit of ¥200 million, up ¥18 million (10.1%) year on year. In ordinary results, the increase in operating profit and equity-method investment income, as well as the reduction in foreign exchange losses through measures such as hedging foreign exchange risk, resulted in ordinary profit of ¥136 million, up ¥165 million year on year, marking a return to profitability.」

「As a result, revenue for the first quarter of the fiscal year under review was ¥6,697 million, an increase of ¥391 million (6.2%) year on year. In operating results, although revenue increased, gross profit declined due to higher raw material and auxiliary material prices associated with rising copper prices and an increase in purchased product costs, resulting in operating profit of ¥88 million, down ¥23 million (21.2%) year on year.」

「As a result, revenue for the first nine months of the fiscal year under review, including the impact of foreign exchange fluctuations, was ¥19,184 million, a decrease of ¥3,182 million (14.2%) year on year. In operating results, manufacturing costs declined through efforts across the domestic and overseas group companies to strengthen manufacturing capabilities, and selling, general and administrative expenses were also reduced, but these measures were insufficient to offset the decline in revenue. Operating profit was therefore ¥436 million, down ¥182 million (29.5%) year on year. In ordinary results, despite an increase in equity-method investment income and a decline in interest expense, the decline in operating profit and the recording of a foreign exchange loss due to foreign exchange fluctuations resulted in ordinary profit of ¥64 million, down ¥332 million (83.8%) year on year.」

「Revenue, including the impact of foreign exchange fluctuations, was ¥12,460 million, a decrease of ¥2,598 million (17.3%) year on year. In operating results, manufacturing costs were reduced through efforts across the domestic and overseas group companies to strengthen manufacturing capabilities, but this was insufficient to offset the decline in revenue. Operating profit was therefore ¥181 million, down ¥239 million (56.8%) year on year. In ordinary results, the decline in operating profit and the impact of fluctuations in the Chinese yuan exchange rate resulted in a foreign exchange loss being recorded for the first six months of the fiscal year under review. Ordinary loss was therefore ¥29 million, down ¥455 million year on year.」

「As a result, revenue for the first quarter of the fiscal year under review was ¥6,305 million, a decrease of ¥1,023 million (14.0%) year on year.」