Decline in sales and shift to an operating loss

「As a result, revenue was ¥6,008 million, up 13.8% year on year. In terms of earnings, operating profit was ¥341 million, up 5.4% year on year, and ordinary profit was ¥429 million, up 17.3%, due to higher revenue and efforts to improve productivity. The company also recorded gains on sales of fixed assets of ¥32 million and gains on sales of investment securities of ¥25 million as extraordinary income.」

「なお、上記１．に記載のとおり、繰延税金資産の回収可能性の見直しに伴う法人税等調整額を計上したことなどから、当期純利益が増加しております。」

「As a result, revenue was ¥2,634 million, up 10.8% year on year. In terms of earnings, operating profit was ¥269 million, up 195.5% year on year, ordinary profit was ¥301 million, up 189.7%, and interim net profit was ¥288 million, up 157.2%, due in part to higher revenue and efforts to control expenses.」

「As a result, sales were ¥5,280 million, up 14.7% year on year. In terms of earnings, operating income was ¥323 million, compared with an operating loss of ¥655 million in the same period of the previous year, owing to higher sales and lower depreciation resulting from the impairment loss recognised in the previous fiscal year. Ordinary income was ¥366 million, compared with an ordinary loss of ¥552 million in the same period of the previous year. Net income was ¥360 million, compared with a net loss of ¥1,669 million in the same period of the previous year, owing to the recognition of ¥11 million in gain on sales of investment securities and other items as extraordinary income.」

「As a result, net sales were ¥2,377 million, up 7.9% year on year. Regarding earnings, operating profit was ¥91 million, compared with an operating loss of ¥395 million in the same period of the previous year, due mainly to higher net sales and lower depreciation resulting from the impairment loss recorded in the previous fiscal year. Ordinary profit was ¥104 million, compared with an ordinary loss of ¥338 million in the same period of the previous year. In addition, interim net income was ¥112 million, compared with interim net loss of ¥367 million in the same period of the previous year, mainly because the company recorded ¥11 million in gains on sales of investment securities and other items as extraordinary income.」

「Revenue was ¥4,605 million, down 20.8% from the previous fiscal year. In terms of earnings, sales of display and mobility products declined by ¥990 million and productivity and production efficiency deteriorated. As a result, the operating loss was ¥655 million, compared with operating profit of ¥66 million in the previous fiscal year, and the ordinary loss was ¥552 million, compared with ordinary profit of ¥140 million in the previous fiscal year.」

「As a result, sales were ¥3,421 million, down 25.7% year on year. In terms of earnings, sales of products for Display and Mobility declined by ¥1,014 million, causing productivity and production efficiency to deteriorate. The operating loss was ¥472 million, compared with operating profit of ¥317 million in the same period of the previous year; the ordinary loss was ¥399 million, compared with ordinary profit of ¥387 million; and the net loss was ¥432 million, compared with a quarterly net loss of ¥115 million.」

「As a result, revenue was ¥2,203 million, down 28.4% year on year. In terms of earnings, sales of products for displays and mobility declined by ¥792 million, and productivity and production efficiency deteriorated. As a result, the operating loss was ¥395 million, compared with operating income of ¥228 million in the same period of the previous year; the ordinary loss was ¥338 million, compared with ordinary income of ¥296 million; and the quarterly net loss was ¥367 million, compared with a quarterly net loss of ¥203 million.」

「As a result, revenue was ¥1,090 million. In terms of profit and loss, the operating loss was ¥173 million due to a substantial decline in sales of display and mobility products. The ordinary loss was ¥141 million, as the company recorded ¥9 million in foreign exchange gains associated with the weaker yen and other items as non-operating income. In addition, the quarterly net loss was ¥167 million due to the recording of ¥22 million in losses on disposal of fixed assets as an extraordinary loss.」

「As a result, net sales were ¥5,812 million, down 0.6% from the previous fiscal year. Operating income was ¥66 million, down 69.8%. Ordinary income was ¥140 million, down 57.2%, due in part to ¥39 million in foreign exchange gains associated with the weaker yen recorded as non-operating income. In addition, a ¥493 million loss on the transfer of business associated with the transfer of all equity interests in 吉奥馬科技（無錫）有限公司, formerly a consolidated subsidiary, was recorded as an extraordinary loss in the second quarter, resulting in a net loss of ¥366 million, compared with a net loss of ¥528 million in the previous fiscal year.」

「As a result, revenue was ¥4,606 million. In terms of earnings, operating profit was ¥317 million, as sales of thin-film products for Mobility, Semiconductors and Electronic Components, and Other Products remained stable. Ordinary profit was ¥387 million, due in part to the recognition of a ¥38 million foreign exchange gain associated with the weaker yen as non-operating income. In addition, the company recognized a ¥493 million loss on transfer of business as an extraordinary loss in connection with the transfer of all equity interests in 吉奥馬科技（無錫）有限公司, formerly a consolidated subsidiary, in the second quarter, resulting in a quarterly net loss of ¥115 million.」

「Revenue was ¥3,079 million. In terms of earnings, operating profit was ¥228 million, due mainly to higher sales of thin-film products for mobility applications and for semiconductors and electronic components, as well as improved productivity following the full-scale operation of the production line for antireflection and antifouling films for cover panels introduced in the second half of the previous fiscal year. Ordinary profit was ¥296 million, due in part to the recognition of a ¥48 million foreign exchange gain associated with the weaker yen as non-operating income. The Company recorded a ¥493 million loss on the transfer of business associated with the transfer of all equity interests in its consolidated subsidiary 吉奥馬科技（無錫）有限公司 as an extraordinary loss, resulting in a quarterly net loss of ¥203 million.」

「As a result, sales were ¥1,568 million, up 3.8% year on year. In terms of earnings, although the Chinese subsidiary continued to operate in difficult conditions, operating profit was ¥16 million, compared with an operating loss of ¥21 million in the same period of the previous year, owing to substantial growth in domestic sales of products for Mobility and efforts to improve production capacity and productivity in response to increased orders. Ordinary profit was ¥97 million, compared with an ordinary loss of ¥7 million in the same period of the previous year, mainly because a foreign exchange gain of ¥66 million was recorded as non-operating income. Net income attributable to owners of the parent was ¥94 million, compared with a net loss attributable to owners of the parent of ¥9 million in the same period of the previous year.」

「As a result, revenue was ¥6,259 million, down 0.7% from the previous fiscal year. In terms of earnings, although the Company implemented measures to improve profitability, including cost reductions, the Chinese subsidiary continued to operate under difficult conditions. In addition, during the fourth-quarter consolidated accounting period, the Company recognized a valuation loss on inventories of film-deposition materials after considering changes in the sales mix and expected future use, and also incurred higher depreciation and temporary expenses. Consequently, the operating loss was ¥119 million, compared with an operating loss of ¥89 million in the previous fiscal year. The ordinary loss was ¥1 million, compared with an ordinary loss of ¥17 million in the previous fiscal year, mainly because the Company recorded ¥90 million in foreign exchange gains and ¥26 million in gains on investment partnership operations as non-operating income. The net loss attributable to owners of the parent was ¥80 million, compared with a net loss attributable to owners of the parent of ¥701 million in the previous fiscal year, due to the recognition of a ¥50 million impairment loss on fixed assets at the Chinese subsidiary and a ¥20 million loss from damage caused by the earthquake off the coast of Fukushima Prefecture on 16 March 2022, both recorded as extraordinary losses.」

「As a result, revenue was ¥4,570 million, up 0.4% year on year. In terms of earnings, operating loss narrowed to ¥12 million, compared with an operating loss of ¥158 million in the same period of the previous year, and ordinary income was ¥22 million, compared with an ordinary loss of ¥147 million, reflecting the effects of measures to improve profitability, including cost reductions. The quarterly net loss attributable to owners of the parent was ¥33 million, compared with a quarterly net loss attributable to owners of the parent of ¥839 million in the same period of the previous year, due to the recognition of a ¥50 million impairment loss on fixed assets at a Chinese subsidiary resulting from lower profitability.」

「Revenue was ¥3,029 million, up 4.1% year on year. In terms of earnings, the operating loss was ¥31 million, compared with an operating loss of ¥211 million in the same period of the previous year, and ordinary profit was ¥0 million, compared with an ordinary loss of ¥215 million, as measures to improve profitability, including expense reductions, proved effective. The quarterly net loss attributable to owners of the parent was ¥5 million, compared with a quarterly net loss attributable to owners of the parent of ¥394 million in the same period of the previous year, as the impairment loss recognized as an extraordinary loss in the previous period was no longer incurred.」

「As a result, revenue was ¥1,511 million, down 0.2% year on year. Operating loss was ¥21 million, compared with an operating loss of ¥62 million in the same period of the previous fiscal year, and ordinary loss was ¥7 million, compared with an ordinary loss of ¥49 million, reflecting the effectiveness of profitability improvement measures such as expense reductions. Net loss attributable to owners of the parent was ¥9 million, compared with a net loss attributable to owners of the parent of ¥164 million in the same period of the previous fiscal year, as the impairment loss recognized as a special loss in the previous year was no longer recorded.」

「Sales were ¥6,306 million, up 15.7% year on year, owing to active sales efforts for substrates for FPDs and other products for automobiles in addition to the previously core smartphone market, as well as the securing of contracts covering everything from the construction of production lines for film deposition processing to technical guidance as part of surface-processing solutions. In the fourth-quarter consolidated accounting period (January to March 2021), the Company recorded profit at every level of earnings.」

「As a result, sales were ¥4,553 million, up 12.4% year on year. In terms of earnings, the operating loss was ¥158 million, compared with an operating loss of ¥950 million in the same period of the previous year, owing to higher sales, lower depreciation resulting from the recognition of an impairment loss, and expense reductions. The ordinary loss was ¥147 million, compared with an operating loss of ¥897 million in the same period of the previous year. The net loss attributable to owners of the parent was ¥839 million, compared with a net loss attributable to owners of the parent of ¥2,884 million in the same period of the previous year, owing to the recognition of a ¥683 million impairment loss on fixed assets as profitability continued to decline. In the consolidated accounting period for the third quarter under review (October–December 2020), operating income returned to the black on higher sales to US smartphone manufacturers and manufacturers of various electronic components.」

「As a result, revenue was ¥2,909 million, up 7.2% year on year. In terms of earnings, operating loss was ¥211 million, compared with an operating loss of ¥659 million in the same period of the previous fiscal year, and ordinary loss was ¥215 million, compared with an ordinary loss of ¥639 million. This was due mainly to lower depreciation expenses following the impairment loss recorded in the previous fiscal year and lower expenses such as travel costs due to the impact of COVID-19. Quarterly net loss attributable to owners of the parent was ¥394 million, compared with a quarterly net loss attributable to owners of the parent of ¥2,624 million in the same period of the previous fiscal year, due to the recognition of a ¥172 million impairment loss on fixed assets as declining profitability continued.」

「As a result, revenue was ¥1,514 million, up 6.6% year on year. In terms of profit and loss, the operating loss improved substantially to ¥62 million, compared with an operating loss of ¥265 million in the same period of the previous fiscal year, due to higher revenue and lower depreciation resulting from the impairment loss recorded in the previous fiscal year, among other factors. The ordinary loss also improved substantially to ¥49 million, compared with an ordinary loss of ¥273 million in the same period of the previous fiscal year. The quarterly net loss attributable to owners of the parent was ¥164 million, compared with a quarterly net loss attributable to owners of the parent of ¥275 million in the same period of the previous fiscal year, as the company recorded an impairment loss of ¥110 million on fixed assets due to the continuing decline in profitability.」

「Net sales were ¥5.449 billion, down 13.3% from the previous fiscal year. In terms of earnings, the decline in net sales resulted in an operating loss of ¥1.206 billion, compared with an operating loss of ¥501 million in the previous fiscal year, and an ordinary loss of ¥1.159 billion, compared with an operating loss of ¥428 million in the previous fiscal year.」

「As a result, net sales were ¥4,051 million, down 15.2% year on year. With regard to profit and loss, the decline in net sales resulted in an operating loss of ¥950 million, compared with an operating loss of ¥304 million in the same period of the previous year, and an ordinary loss of ¥897 million, compared with an ordinary loss of ¥235 million. In addition, because the decline in the profitability of the Group has continued amid changes in the business environment, impairment losses of ¥1,884 million were recognized as extraordinary losses on fixed assets held by the Group. As a result, the quarterly net loss attributable to owners of the parent was ¥2,884 million, compared with a quarterly net loss attributable to owners of the parent of ¥741 million in the same period of the previous year.」

「As a result, revenue was ¥2,715 million, down 13.1% year on year. With regard to earnings, the operating loss was ¥659 million, compared with an operating loss of ¥231 million in the same period of the previous year, and the ordinary loss was ¥639 million, compared with an ordinary loss of ¥179 million, due to the decline in revenue. In addition, because the decline in the profitability of the group has continued amid changes in the business environment, the company reviewed future recoverability and recorded an impairment loss of ¥1,884 million on fixed assets held by the group as an extraordinary loss.」

「As a result, revenue was ¥1,420 million, down 9.4% year on year. With regard to earnings, the operating loss was ¥265 million, compared with an operating loss of ¥59 million in the same period of the previous year, the ordinary loss was ¥273 million, compared with an ordinary loss of ¥31 million, and the net loss attributable to owners of the parent was ¥275 million, compared with a net loss attributable to owners of the parent of ¥34 million.」

「Net sales were ¥6,286 million, down 10.8% year on year. In terms of earnings, although the company worked to improve profitability, including by reducing expenses, operating loss was ¥501 million, compared with operating profit of ¥96 million in the previous fiscal year, and ordinary loss was ¥428 million, compared with ordinary profit of ¥98 million, mainly due to a substantial decline in sales of substrates for FPDs.」

「Under these conditions, our group’s sales were ¥4,779 million, down 11.2% year on year. Regarding earnings, the operating loss was ¥304 million, compared with operating profit of ¥137 million in the same period of the previous year, due to the decline in sales. The ordinary loss was ¥235 million, compared with ordinary profit of ¥155 million in the same period of the previous year. Net loss attributable to owners of the parent was ¥741 million, compared with operating profit of ¥147 million in the same period of the previous year, due to the recording of the ¥500 million impairment loss on the fixed assets described above.」

「As a result, net sales were ¥3.124 billion, down 13.4% year on year. In terms of earnings, the decline in net sales resulted in an operating loss of ¥231 million, compared with operating income of ¥73 million in the same period of the previous year, an ordinary loss of ¥179 million, compared with ordinary income of ¥97 million, and a net loss attributable to owners of the parent of ¥184 million, compared with net income attributable to owners of the parent of ¥91 million.」

「As a result, sales were ¥1,567 million, down 17.0% year on year. In terms of earnings, the decline in sales resulted in an operating loss of ¥59 million, compared with operating profit of ¥101 million in the same period of the previous year; an ordinary loss of ¥31 million, compared with ordinary profit of ¥124 million; and a quarterly net loss attributable to owners of the parent of ¥34 million, compared with quarterly net income attributable to owners of the parent of ¥121 million.」

「Revenue was ¥7,046 million, down 18.1% year on year. Operating profit was ¥96 million, down 33.8% year on year, ordinary profit was ¥98 million, down 56.0%, and net profit attributable to owners of the parent was ¥79 million, compared with a net loss attributable to owners of the parent of ¥2,266 million in the previous fiscal year.」

「As a result, revenue was ¥5,380 million, down 14.9% year on year. With regard to earnings, operating profit was ¥137 million, compared with an operating loss of ¥34 million in the same period of the previous year, ordinary profit was ¥155 million, up 171.7% year on year, and net income attributable to owners of the parent was ¥147 million, compared with a net loss attributable to owners of the parent of ¥2,419 million in the same period of the previous year. This reflected a substantial decrease in depreciation following the impairment of fixed assets in the previous fiscal year, as well as efforts to improve efficiency throughout management, including cost reductions and reductions in expenses incurred.」

「As a result, sales were ¥3,609 million, down 12.7% year on year. In terms of profit and loss, operating income was ¥73 million, compared with an operating loss of ¥185 million in the same period of the previous fiscal year; ordinary income was ¥97 million, compared with an ordinary loss of ¥124 million; and net income attributable to owners of the parent was ¥91 million, compared with a net loss attributable to owners of the parent of ¥2,624 million in the same period of the previous fiscal year. This reflected a substantial decrease in depreciation expenses due to impairment losses recognized on fixed assets in the previous fiscal year, as well as efforts to improve efficiency across management by reducing costs and expenses incurred.」

「As a result, net sales amounted to ¥1,889 million, down 13.3% year on year. Regarding profit and loss, operating profit amounted to ¥101 million, compared with an operating loss of ¥29 million in the same period of the previous fiscal year, and ordinary profit amounted to ¥124 million, compared with an ordinary loss of ¥13 million in the same period of the previous fiscal year. This reflected a substantial decrease in depreciation and amortization following the impairment of fixed assets conducted in the previous fiscal year, as well as efforts to improve efficiency across management, including cost reductions and reductions in incurred expenses. Profit attributable to owners of the parent for the quarter amounted to ¥121 million, compared with a quarterly loss attributable to owners of the parent of ¥16 million in the same period of the previous fiscal year.」

「As a result, net sales amounted to ¥8,598 million, down 10.7% year on year. Regarding profit and loss, operating profit amounted to ¥145 million, compared with an operating loss of ¥97 million in the previous fiscal year, and ordinary profit amounted to ¥224 million, compared with an ordinary loss of ¥11 million in the previous fiscal year. This reflected a substantial decrease in depreciation and amortization following the impairment of fixed assets conducted in the second quarter, as well as efforts to improve efficiency across management, including cost reductions and reductions in incurred expenses. Net loss attributable to owners of the parent amounted to ¥2,266 million, compared with net income attributable to owners of the parent of ¥39 million in the previous fiscal year, due to the recording of a ¥532 million gain on the sale of land as extraordinary income and a ¥3,031 million impairment loss on fixed assets as an extraordinary loss.」

「With regard to earnings, depreciation and amortization declined substantially in the third-quarter consolidated accounting period (October to December) because of the impairment of fixed assets conducted in the second quarter. The operating loss was ¥34 million, compared with an operating loss of ¥86 million in the same period of the previous year, while ordinary income was ¥57 million, compared with an ordinary loss of ¥23 million in the same period of the previous year. Net loss attributable to owners of the parent was ¥2,419 million, due to the recognition of a ¥538 million gain on the sale of land as extraordinary income and a ¥3,031 million impairment loss on fixed assets as an extraordinary loss, compared with net income of ¥30 million in the same period of the previous year.」

「As a result, net sales were ¥4.133 billion, down 18.3% year on year. In terms of earnings, the company worked to improve profitability by controlling expenses, but the substantial decline in net sales resulted in an operating loss of ¥185 million, compared with an operating loss of ¥100 million in the same period of the previous year. Ordinary loss was ¥124 million, compared with an ordinary loss of ¥80 million in the same period of the previous year. Net loss attributable to owners of the parent was ¥2.624 billion, as the company recorded a ¥538 million gain on the sale of land as extraordinary income and ¥3.031 billion in impairment losses on fixed assets as extraordinary losses, compared with a net loss attributable to owners of the parent of ¥100 million in the same period of the previous year.」

「As a result, sales were ¥2,179 million, down 10.2% year on year. In terms of earnings, although sales declined, revenue increased on a processing-fee basis excluding material costs, and the subsidiary's profitability improved. Consequently, the operating loss narrowed to ¥29 million, compared with an operating loss of ¥95 million in the same period of the previous year; the ordinary loss narrowed to ¥13 million, compared with an ordinary loss of ¥78 million; and the net loss attributable to owners of the parent narrowed to ¥16 million, compared with a net loss attributable to owners of the parent of ¥96 million.」

「As a result, net sales were ¥9,626 million, down 13.8% year on year. With regard to earnings, the decline in net sales resulted in an operating loss of ¥97 million, compared with operating income of ¥693 million in the previous fiscal year, and an ordinary loss of ¥11 million, compared with ordinary income of ¥745 million in the previous fiscal year. Net income attributable to owners of the parent was ¥39 million, down 95.8% year on year, mainly due to the recognition of ¥66 million in gains on the sale of investment securities.」