Low-cost, high-quality supply and cost reduction

「In terms of profit, operating profit increased by ¥643 million, or 37.5%, year on year to ¥2,358 million, and ordinary profit increased by ¥621 million, or 32.3%, to ¥2,541 million, driven by higher sales and the promotion of cost-reduction initiatives, including improving the product mix and production efficiency.」

「In terms of profit, operating profit increased by ¥510 million, or 68.8%, from the same period of the previous year to ¥1,253 million, and ordinary profit increased by ¥530 million, or 63.4%, to ¥1,367 million, as a result of higher sales, the impact of the product mix and cost-reduction initiatives such as improving production efficiency.」

「Although challenging business conditions continued due to soaring material and component prices and higher labor costs resulting from wage increases, operating profit was ¥1,714 million, up ¥317 million, or 22.7%, year on year, and ordinary profit was ¥1,920 million, up ¥371 million, or 24.0%, year on year, driven by higher sales and continued cost-reduction initiatives such as improving manufacturing process efficiency.」

「In terms of profit, although challenging business conditions continued due to soaring material and component prices and higher labor costs resulting from wage increases, operating profit was ¥742 million, up ¥91 million, or 14.0%, year on year, and ordinary profit was ¥837 million, up ¥108 million, or 14.9%, year on year, as a result of continued cost-reduction initiatives such as improving manufacturing process efficiency.」

「Although costs continued to rise due to higher material and procured component prices, operating profit increased by ¥574 million, or 69.8%, to ¥1,397 million, and ordinary profit increased by ¥699 million, or 82.4%, to ¥1,548 million, as a result of promoting production efficiency and fixed-cost reductions.」

「Although costs continued to rise due to higher material and procured component prices, operating profit increased by ¥828 million, or 280.0%, to ¥1,124 million, and ordinary profit increased by ¥779 million, or 170.6%, to ¥1,236 million, as a result of promoting manufacturing efficiency and fixed-cost reductions.」

「In terms of profit, although challenging business conditions continued due to soaring material and component prices and energy costs, including electricity, operating profit improved by ¥721 million to ¥651 million and ordinary profit increased by ¥677 million to ¥728 million as a result of continued cost-reduction initiatives such as improving manufacturing process efficiency and cutting fixed costs.」

「In terms of profit, although challenging business conditions continued due to surging energy costs, including electricity charges, the company continued to pursue cost-reduction initiatives such as improving manufacturing process efficiency and cutting fixed costs. In addition, as a result of advancing price pass-through for the impact of soaring material prices and other costs, operating profit improved by ¥407 million to ¥250 million, ordinary profit improved by ¥411 million to ¥297 million, and net profit attributable to owners of the parent improved by ¥381 million to ¥179 million.」

「In terms of profit, although challenging business conditions continued, including the impact of market conditions on materials procurement, lockdowns due to the coronavirus, the impact of semiconductor shortages on customers’ manufacturing lines, and surging energy costs, including electricity charges, the company continued to pursue cost-reduction initiatives such as cutting fixed costs. In addition, as a result of passing through the impact of soaring material prices and other costs into prices, operating profit improved by ¥916 million from the same period of the previous year to ¥823 million, compared with an operating loss of ¥92 million in the same period of the previous year.」

「In terms of profit, despite higher costs accompanying surging utility expenses, persistently high aluminum and steel prices and logistics costs, and deteriorating production efficiency resulting from the spread of production adjustments caused by parts shortages, operating profit improved by ¥354 million from the same quarter of the previous year to ¥295 million through efficient production and cost-reduction initiatives. Ordinary profit improved by ¥399 million, or 691.4%, to ¥457 million.」

「In terms of profit, although cost-reduction and rationalization initiatives continued, operating income deteriorated by ¥94 million from the same quarter of the previous year, resulting in a loss of ¥69 million due to higher costs accompanying surging utility expenses, persistently high aluminum and steel prices and logistics costs, and deteriorating production efficiency resulting from the spread of production adjustments caused by parts shortages.」

「While cost-reduction and rationalization initiatives continued, operating loss was ¥157 million, compared with operating profit of ¥176 million in the same period of the previous year, due to higher costs from persistently high aluminum and steel prices and utility costs, and deteriorating production efficiency resulting from the spread of production adjustments caused by parts shortages.」

「In terms of profit, operating loss was ¥58 million, compared with an operating loss of ¥237 million in the same period of the previous year, due to higher costs from persistently high aluminum, steel and crude oil prices, the impact of surging overseas freight costs, and deteriorating production efficiency resulting from the spread of production adjustments caused by parts shortages.」

「In terms of profit, although cost-reduction and internal rationalization initiatives were pursued thoroughly, operating profit was ¥24 million as the impact of cost pressures from persistently high aluminum and steel prices and surging overseas freight costs continued, compared with an operating loss of ¥469 million in the same period of the previous year.」

「In terms of profit, cost pressures from persistently high aluminum and steel prices continued, but the recovery in sales and thorough cost-reduction and internal rationalization initiatives resulted in operating profit of ¥176 million, compared with an operating loss of ¥361 million in the same period of the previous year.」

「In terms of profit, results improved on the recovery in sales and cost-reduction initiatives. However, the operating loss was ¥237 million, compared with operating profit of ¥449 million in the same period of the previous year, due to a decline in marginal profit resulting from lower sales in the first half, costs related to the medium- and long-term modernization of equipment at the Fujisawa Plant, and the recognition of income taxes and other adjustments resulting from a review of the recoverability of deferred tax assets.」

「In terms of profit, although we pursued cost-reduction activities and thorough expense controls, operating loss was ¥469 million, compared with operating profit of ¥322 million in the same period of the previous year, due to the decline in gross profit resulting from lower sales, costs related to the medium- and long-term modernization of facilities at the Fujisawa Plant, the recognition of adjustments to corporate income taxes and other taxes following a review of the recoverability of deferred tax assets, and other factors.」

「In terms of profit, although we pursued cost-reduction activities and thorough expense controls, and received employment adjustment subsidies in Japan in connection with the impact of COVID-19 and exemptions from payment of some costs by public institutions in China, operating loss was ¥361 million due to the increased fixed-cost burden resulting from lower sales, costs related to the medium- and long-term modernization of facilities at the company, the recognition of adjustments to corporate income taxes and other taxes following a review of the recoverability of deferred tax assets, and other factors, compared with operating profit of ¥83 million in the same quarter of the previous year.」

「Asia Segment profit increased 4.6% from the previous consolidated fiscal year to ¥200 million, helped by the promotion of cost-reduction activities.」

「In terms of profit, although we strongly promoted cost-reduction activities, operating profit was ¥449 million, down 43.8% year on year, due to the decline in sales, higher research and development expenses associated with new sales expansion activities in China, and an increase in temporary costs related to the transfer of copper radiator production, among other factors.」

「In terms of profit, although we strongly promoted cost-reduction activities, operating profit was ¥322 million, down 44.4% year on year, due to higher research and development expenses associated with new sales expansion activities in China and an increase in temporary costs related to the transfer of copper radiator production, among other factors.」

「In terms of profit, although we strongly promoted cost-reduction activities, operating profit was ¥83 million, down 73.3% year on year, as cost of sales increased due to higher research and development expenses associated with new sales expansion activities in China, increased temporary costs related to the transfer of copper radiator production, and other factors.」

「In terms of profit, although we strongly promoted cost-reduction activities, operating profit was ¥800 million, down 28.9% year on year, due to an increase in upfront development costs for new orders from local Chinese manufacturers and future sales expansion in China, higher cost ratios resulting from the repair costs of major facilities and other factors, and changes in the product mix.」

「Although we strongly promoted cost-reduction activities, operating profit was ¥580 million, down 19.7% year on year, due to higher cost ratios resulting from facility repair costs, changes in the product mix and other factors, as well as upfront development costs for new sales expansion and other factors.」

「In terms of profit, although we strongly promoted cost-reduction activities, operating profit was ¥310 million, down 32.7% year on year, due to the impact of increased repair costs for major facilities and other factors to improve productivity and quality, higher cost ratios resulting from changes in the product mix, and other factors.」

「In terms of profit, although we promoted cost-reduction activities, expense controls and other measures, operating profit was ¥1.126 billion, down 27.7% year on year, due to the impact of the decline in sales and other factors.」

「In terms of profit, although we promoted cost-reduction activities, expense controls and other measures, operating profit was ¥722 million, down 36.0% year on year, due to the impact of the decline in sales and other factors.」

「In terms of profit, although we promoted cost-reduction activities, expense controls and other measures, operating profit was ¥462 million, down 9.8% year on year, due to the impact of the decline in sales and other factors.」

「Although sales declined, the ratio of cost of sales to sales decreased 0.3 percentage points from 85.0% in the previous consolidated fiscal year to 84.7%, as a result of cost-reduction activities, an increase in products exported by subsidiaries, changes in the product mix and other profit-enhancing factors.」

「In terms of profit, although sales declined, operating profit was ¥1.558 billion, up 30.3% year on year, as profit-enhancing factors from promoting cost-reduction activities, an increase in the volume of products exported by subsidiaries, changes in the product mix and other factors contributed to results.」

「In terms of profit, although sales declined, operating profit was ¥1.128 billion, up 34.0% year on year, as profit-enhancing factors from promoting cost-reduction activities, an increase in the volume of products exported by subsidiaries, changes in the product mix and other factors contributed to results.」

「In terms of profit, although sales declined, operating profit was ¥511 million, up 9.7% year on year, as a result of promoting cost-reduction activities, controlling expenses and taking other measures.」

「Under these circumstances, the group will focus on developing products that meet customers' needs and strive to supply low-cost, high-quality products.」