Revenue and Profit Declines in the Aircraft Components Business Due to Delays in Customers' Production Starts and Foreign Exchange Fluctuations

「航空機部品類に対する官民双方からの好調な需要」

「Demand for aircraft parts for commercial aircraft and government agencies remained strong, while replacement demand for turf-management equipment and other products also remained firm. As a result, revenue was ¥10.212 billion, up 13.6% from the previous fiscal year, and operating profit was ¥1.605 billion, up 39.4%.」

「Against a backdrop of strong demand for aircraft components from both the public and private sectors and firm replacement demand for turf maintenance equipment and golf carts, sales were ¥5,485 million, up 11.3% year on year, and operating income was ¥737 million, up 38.0%.」

「Sales of aircraft components were ¥8,989 million, up 11.1% year on year, and operating income was ¥1,151 million, up 22.5%, as demand from both the public and private sectors remained strong.」

「Commercial aircraft production remained firm, and sales rose 25.8% year on year to ¥4,926 million and operating profit rose 5.5% to ¥534 million, as the change in the brands handled by the company in its turf-care machinery business progressed smoothly.」

「Revenue from this business, which is centered on the import and sales of aircraft parts, turf-management equipment and other products, increased from the same period of the previous year. In addition to the recovery in commercial aircraft production, demand for turf-management equipment remained strong, resulting in revenue of ¥6.085 billion, up 13.7% year on year. Although the weaker yen raised procurement costs, the expansion of products handled and other factors resulted in operating profit of ¥874 million, up 39.4%.」

「In addition to the recovery in commercial aircraft production, turf-management equipment performed well, resulting in revenue of ¥3.915 billion, up 8.8% year on year. However, operating profit was ¥506 million, down 0.5%, partly because the weaker yen raised procurement costs.」

「Production of commercial aircraft was recovering, while capital investment by customers in turf-management equipment remained firm. As a result, revenue from this business was ¥1.875 billion, up 27.0% year on year. However, operating profit was ¥114 million, down 26.2%, partly because the weaker yen raised procurement costs.」

「In addition to increased demand, particularly on routes within the United States, revenue was supported by the expansion of products handled and the foreign-exchange translation impact of the weaker yen. Revenue from this business was ¥1.93 billion, up 59.1% year on year, and operating profit was ¥547 million, up 128.3%.」

「In the commercial aircraft business, demand on domestic routes was recovering, and production, particularly of single-aisle aircraft, had begun to recover. With the expansion of products handled as well, revenue from this business was ¥1.258 billion, up 103.1% year on year, and operating profit was ¥419 million, compared with an operating loss of ¥4 million in the same period of the previous year.」

「In the commercial aircraft business, demand on domestic routes was recovering, and production, particularly of single-aisle aircraft, was showing signs of recovery. In addition, sales of certain imported products were boosted as the yen remained substantially weaker against foreign currencies, resulting in revenue of ¥554 million, up 93.0% year on year, and operating profit of ¥138 million, compared with an operating loss of ¥22 million in the same period of the previous year.」

「Despite the substantial decline in passenger-aircraft demand, operating profit was ¥286 million, up 50.6% from the previous fiscal year, partly due to contributions from new businesses.」

「While demand for passenger aircraft declined amid the spread of infectious disease, operating profit was ¥239 million, up 11.7% year on year, partly due to contributions from new businesses.」

「The impact of declining demand for passenger aircraft continued, resulting in an operating loss of ¥4 million, compared with operating profit of ¥261 million in the same period of the previous year.」

「Revenue from aircraft parts declined from the same period of the previous year. Revenue from this business was ¥287 million, compared with ¥6.173 billion in the same period of the previous year. The adoption of the revenue recognition accounting standards and related standards reduced reported revenue by ¥3.671 billion compared with the previous accounting treatment. The impact of declining demand for passenger aircraft continued, resulting in an operating loss of ¥22 million, compared with operating profit of ¥200 million in the same period of the previous year.」

「Affected by the substantial decline in air passenger demand, revenue from this business was ¥16.441 billion, down 42.8% year on year, while operating profit was ¥190 million, down 45.1%.」

「Revenue from the business was ¥12.099 billion, down 43.8% year on year, due to the substantial decline in demand for air travel. In contrast, operating income was ¥214 million, down 29.8% year on year, partly because the business handled a greater number of new products.」

「Revenue from the business was ¥9.193 billion, down 37.3% year on year, partly due to lower demand for air travel. In contrast, operating income was ¥261 million, up 27.1% year on year, partly because higher-margin products accounted for a larger proportion of the product mix.」

「Revenue from the business was ¥6.173 billion, down 17.4% year on year, partly due to price revisions for imported materials and other products. In contrast, operating income was ¥200 million, up 43.6% year on year, partly because higher-margin products accounted for a larger proportion of the product mix.」

「Although demand for imported materials and other products increased substantially in the previous fiscal year as newly developed civil aircraft entered mass production, the impact of temporary factors in the early stages of mass production diminished during the fiscal year. As a result, revenue was ¥28.733 billion, down 19.4% from the previous fiscal year, and operating income was ¥346 million, down 55.0%.」

「Although demand for imported materials and other products increased substantially in the same period of the previous year as newly developed civil aircraft entered mass production, the impact of temporary factors in the early stages of mass production diminished during the nine-month period ended 31 December. As a result, revenue was ¥21.546 billion, down 20.4% year on year, and operating income was ¥306 million, down 57.8% year on year.」

「Demand for imported materials and other products increased substantially in the same period of the previous year as newly developed civil aircraft entered mass production. During the six-month period ended 30 September, the impact of temporary factors in the early stages of mass production diminished. As a result, revenue was ¥14.653 billion, down 17.1% year on year, and operating income was ¥205 million, down 60.4% year on year.」

「Although demand for imported materials and other products increased substantially in the same period of the previous year as newly developed civil aircraft entered mass production, the impact of temporary factors associated with the transition to mass production diminished during the three-month period ended 30 June. As a result, revenue was ¥7.473 billion, down 14.1% year on year, and operating income was ¥139 million, down 36.3% year on year.」

「Newly developed products for civil aircraft entered mass production, substantially increasing demand for imported materials and other products handled by the business. As a result, revenue was ¥27.061 billion, up 72.5% year on year, and operating income was ¥725 million, compared with operating income of ¥178 million in the same period of the previous year.」

「Newly developed products for civil aircraft entered mass production, substantially increasing demand for imported materials and other products handled by the business. As a result, revenue was ¥17.678 billion, up 70.5% year on year, and operating income was ¥518 million, compared with operating income of ¥90 million in the same period of the previous year.」

「As newly developed products for civil aircraft entered mass production, demand for materials and other products handled by the business increased substantially. As a result, revenue was ¥8.697 billion, up 63.9% year on year, and operating income was ¥219 million, compared with operating income of ¥56 million in the same period of the previous year.」

「The aircraft industry is expected to achieve long-term growth, but the nine-month period was one in which mass-produced models changed to newly developed products, and the business was affected by lower production of core models. In contrast, foreign exchange movements were more moderate than in the same period of the previous year, reducing their impact.」

「The aircraft industry is expected to achieve long-term growth, but the six-month period was one in which mass-produced models changed to newly developed products, and the business was affected by lower production of core models. In contrast, foreign exchange movements were more moderate than in the same period of the previous year, reducing their impact.」

「The domestic aircraft industry is expected to achieve long-term growth, but the first quarter of the fiscal year was a period in which mass-produced models changed, and the business was affected by lower production of core models. In contrast, foreign exchange movements were smaller than in the same period of the previous year, keeping their impact low.」

「Although the domestic aircraft industry is expected to continue growing over the long term, the business was affected during the fiscal year by a decline in production volumes of existing mass-produced models. The business was also affected by foreign exchange movements because domestic sales are primarily denominated in US dollars. As a result, revenue declined 7.5% from the previous fiscal year, and operating income declined 10.0%.」

「The domestic aircraft industry is expected to achieve long-term growth, but during the nine-month period ended 31 December, the business was affected by a decline in production volumes of existing mass-produced models. The business was also affected by foreign exchange movements because domestic sales are primarily denominated in US dollars. As a result, revenue was ¥15.955 billion, down 7.4% year on year, and operating income was ¥173 million, down 50.9% year on year.」

「The domestic aircraft industry is expected to achieve long-term growth through the development of new aircraft and engines, but during the six-month period ended 30 September, the business was affected by a decline in production volumes of existing models. In addition, the business was affected by foreign exchange movements because domestic sales are primarily denominated in US dollars. As a result, revenue from the business was ¥11.026 billion, down 6.5% year on year, and operating income was a loss of ¥51 million, compared with operating income of ¥306 million in the same period of the previous year.」

「The business was affected by delays in production starts at some customers. In addition, because domestic sales are primarily denominated in US dollars, rapid foreign exchange movements resulted in lower revenue and profit.」