Strengthening Corporate Sales and OEM and Original Products

「In the commercial sales channel, sales of small refrigerators for hospitals increased 90.0% year on year, while sales of metal flooring for factory facilities supplied to a major semiconductor manufacturing equipment maker increased 139.8%, contributing significantly to improved profitability.」

「In February, the company delivered ODM products, meaning products developed, designed and manufactured under the customer's brand, including small commercial freezers, as well as original products sold exclusively to major consumer electronics retailers.」

「The company will promote sales activities for customers' private-label and OEM products, as well as new product development, for sales channels such as B2B that are expected to generate stable revenue, by further strengthening coordination between sales and product development.」

「Revenue declined because shipments of large OEM products were completed in the previous fiscal year.」

「Revenue declined because shipments of large OEM products were completed in the previous fiscal year.」

「The solutions business, including commercial appliances and OEM products for hotels and hospitals, is recovering steadily from the decline in demand caused by the COVID-19 pandemic in the previous fiscal year.」

「The solutions business, including commercial appliances and OEM products for hotels and hospitals, was significantly affected by the spread of COVID-19 in the previous fiscal year but recovered steadily during the cumulative second quarter of the current consolidated fiscal year.」

「The solutions business, including commercial appliances and OEM products for hotels and hospitals, is recovering.」

「In the third quarter (September-November), however, revenue declined year on year due to the negative impact following the consumption tax rate increase and weaker-than-expected repeat demand for OEM products initially anticipated by the company.」

「The company is also strengthening corporate sales to support OEM and original products.」

「OEM projects progressed as planned following the expansion of domestic production, including at the company's own factories,」

「Domestically manufactured OEM products continued to perform steadily, while the company launched a new refrigerator-freezer targeting the growing number of single-person households, resulting in performance broadly in line with plan.」

「OEM products manufactured domestically continued to perform steadily, resulting in performance broadly in line with plan.」

「All channels, including the consumer electronics retail and direct-to-consumer channels, generally performed steadily. In particular, OEM products manufactured at the company's own factories performed well, while handheld steamers continued to perform solidly on TV shopping programs.」

「In the corporate channel, which had performed well in the previous fiscal year, orders for OEM projects increased as domestic production, including at the company's own factories, expanded. However, deliveries of high-value-added products were delayed, and some deliveries had to be carried forward to the next fiscal year.」

「The consumer electronics retail channel remained under pressure due to consumers' cost-conscious spending and unsettled weather. In addition, sales declined because some large new products and OEM products were delayed relative to plan.」

「Sales to the consumer market, represented by the consumer electronics retail channel, continued to face a challenging environment due to consumers' cost-conscious spending and unsettled weather. Nevertheless, performance remained solid, supported by new products such as the bedroom refrigerator launched last year and the expansion of private-label products for retail companies.」

「In the direct-to-consumer channel, handheld steamers continued to perform steadily on TV shopping programs, while bathroom TVs for residential equipment also performed well.」