Improving Earnings Through Structural Reform, Foreign-Exchange Measures, Cost Reduction and Individual Customer Initiatives

「Net sales and profit at each stage are expected to exceed the initial assumptions.」

「For the consolidated fiscal year under review, net sales reached a record high of ¥123,559 million, up 8.3% year on year, while operating income increased 1.8% to ¥5,287 million. The operating margin was 4.3%, resulting in higher sales and higher earnings.」

「As a result, during the interim consolidated accounting period under review, net sales increased 10.9% year on year to ¥58,189 million and operating income increased 73.7% to ¥2,884 million. Both net sales and operating income reached record highs for an interim consolidated accounting period, resulting in higher sales and higher earnings.」

「As a result, during the cumulative second quarter of the fiscal year under review, net sales reached a record high of ¥51,871 million, up 4.9% year on year, supported by the effects of price revisions and the weaker yen. Although expenses increased due to costs including the update of the core system, operating income increased 4.6% to ¥1,724 million, and the operating margin was maintained at 3.3%, approximately the same level as in the previous year.」

「In addition to the effects of price revisions, the weaker yen contributed to sales, with net sales for the first quarter of the fiscal year under review reaching ¥24,498 million, up 2.2% year on year.」

「On the earnings front, the effects of price revisions and production improvement activities pursued since the previous medium-term management plan contributed throughout the fiscal year, significantly improving profitability.」

「In addition to efforts to revise product prices, operating income rose substantially to ¥3,144 million, up 612.7% year on year, and ordinary income to ¥2,527 million, up 248.1%, supported by the promotion of factory automation and logistics improvements through site reorganization pursued since the previous medium-term management plan.」

「In addition to efforts to revise product prices, operating income rose substantially to ¥1,648 million, up 482.8% year on year, and ordinary income to ¥1,313 million, up 101.2%, supported by the promotion of factory automation and logistics improvements through site reorganization pursued since the previous medium-term management plan.」

「In response to rising material prices, the Group pursued price revisions to secure appropriate profitability. As a result, net sales for the cumulative first quarter of the fiscal year under review reached a record high for a first quarter of ¥23,981 million, up 22.8% year on year. Operating income was ¥677 million, up 546.1%, and ordinary income was ¥692 million, up 190.0%.」

「In addition to passing through higher prices, thorough cost management and expanding high-value-added products through its growth strategy, the Group will realize the benefits of production improvements advanced under the previous medium-term management plan and work to improve profitability.」

「Against this backdrop, while thoroughly implementing measures to prevent COVID-19 infections, the Group promoted development, production and sales activities targeting the three markets identified in its medium-term management plan: automotive, power electronics, and IoT and next-generation communications. However, the impact of soaring raw material prices extended to both the electronic components business and the electronic chemical assembly business, the Group’s core businesses, creating a challenging earnings environment despite sales growth.」

「Against this backdrop, while thoroughly implementing measures to prevent the spread of COVID-19, the Group promoted development, production and sales activities targeting the three markets identified in its medium-term management plan: automotive, power electronics, and IoT and next-generation communications. It also took measures to address soaring raw material prices and difficulties in procuring components, working to ensure reliable product supplies to customers and secure appropriate profitability. As a result, during the cumulative first quarter of the fiscal year under review, the Group recorded net sales of ¥19,529 million, up 27.8% year on year, operating income of ¥104 million, compared with an operating loss of ¥82 million in the same quarter of the previous year, ordinary income of ¥238 million, compared with an ordinary loss of ¥113 million, and a net loss attributable to owners of the parent of ¥266 million, compared with a quarterly net loss of ¥315 million.」

「The Group pursued cost reductions through thorough expense control and careful selection of capital investments.」

「The Group pursued cost reductions through thorough expense control and careful selection of capital investments.」

「The Group pursued cost reductions through thorough expense control and careful selection of capital investments, but these measures were not sufficient to offset the impact of the economic downturn.」

「Against this business environment, our group launched the medium-term management plan, “Biltrite Tamura GROWING ANEW,” targeting fiscal 2021, under a new management structure in April 2019. The entire Group is addressing growth markets while strengthening and improving the efficiency of its global production, sales and development structure.」

「Against this business environment, our group launched the new medium-term management plan, “Biltrite Tamura GROWING ANEW,” targeting fiscal 2021, under a new management structure in April 2019. The entire Group is addressing growth markets while strengthening and improving the efficiency of its global production, sales and development structure.」

「Against this business environment, our group launched a new medium-term management plan, “Biltrite Tamura GROWING ANEW,” targeting fiscal 2021, under a new management structure in April 2019. To achieve robust growth with improved profitability as the primary objective, the entire Group is addressing growth markets while strengthening and improving the efficiency of its global production, sales and development structure.」

「Against this business environment, our group pursued initiatives to achieve the robust growth targeted by the 11th Medium-Term Management Plan, “Biltrite Tamura GROWING,” for which the current year was the final year, with profitability improvement as the top priority. These initiatives included rigorous product-level cost management using IT systems, further strengthening and improving the efficiency of our global production, sales and development structure, and improving the efficiency of investment and development by carefully assessing products and markets.」

「As a result, during the cumulative first quarter of the fiscal year under review, the Group recorded net sales of ¥20,957 million, up 6.9% year on year, operating income of ¥1,190 million, up 23.1%, ordinary income of ¥1,273 million, up 22.1%, and net income attributable to owners of the parent of ¥1,044 million, up 75.6%, resulting in higher sales and higher earnings.」

「Against this backdrop, the Group pursued initiatives aimed at achieving the prosperous growth targeted in the “11th Medium-Term Management Plan Biltrite Tamura GROWING,” with improving profitability as its primary objective. These initiatives included thorough individual cost management using IT systems, further strengthening and improving the efficiency of its global production, sales and development structure, and improving investment and development efficiency by identifying the right products and markets. As a result, operating income was ¥5,407 million, up 5.7% year on year, and reached a new record high for the second consecutive fiscal year.」

「As a result, during the cumulative third quarter of the fiscal year under review, the Group recorded net sales of ¥62,811 million, up 6.3% year on year, operating income of ¥4,182 million, up 11.0%, and ordinary income of ¥4,316 million, up 14.0%, resulting in higher sales and higher earnings.」

「As a result, during the cumulative second quarter of the fiscal year under review, the Group recorded net sales of ¥41,476 million, up 2.4% year on year, and operating income of ¥2,610 million, up 0.9%, resulting in higher sales and higher earnings.」

「In this business environment, our group adopted a medium-term management plan whose primary objective was to improve profitability and pursued initiatives including the provision of valuable “one-of-a-kind products” to customers, rigorous product-level cost management and improvements in production efficiency.」

「Against this backdrop, the Group pursued initiatives under a medium-term management plan that set improving profitability as its primary objective, including providing customers with valuable “one-of-a-kind products,” detailed individual cost management, and improvements in production efficiency. As a result, for the fiscal year under review, net sales decreased to ¥79,607 million, down 5.9% year on year, while operating income increased 19.9% to ¥5,117 million, marking a record high since the fiscal year ended March 1998.」

「As a result, during the third-quarter cumulative period, net sales declined 5.2% year on year to ¥59,093 million, while operating profit increased 23.3% to ¥3,767 million.」

「Despite the challenging operating environment, under a medium-term management plan that prioritizes improving profitability, our group pursued initiatives including the provision of valuable “one-of-a-kind products” to customers, detailed individual cost management, and improvements in production efficiency at global sites. As a result, during the second-quarter cumulative period, net sales declined 3.0% year on year to ¥40,497 million, partly due to the impact of yen appreciation, while operating profit increased 32.7% to ¥2,585 million.」

「Despite the challenging market environment, operating income increased 55.0% year on year to ¥1,159 million, owing to detailed, customer-specific initiatives and the effects of structural reforms implemented in the previous consolidated fiscal year.」