Revenue and profit growth in the automotive parts-related business driven by increased production in Japan and Asia

「In Japan, revenue was ¥38,461 million, down 2.2% year on year. On the earnings side, operating income was ¥580 million, compared with an operating loss of ¥510 million in the previous fiscal year, and the business returned to profitability as development costs were recovered from overseas sites and improvement measures, including rationalization investments, progressed beyond plan.」

「(a) Japan Due to the end of production for end-of-model-life vehicles in the automotive-related business, revenue fell 5.7% year on year to ¥17,506 million. On the earnings side, although development costs increased in connection with new orders, the effects of structural reforms and cost-reduction initiatives narrowed the operating loss to ¥590 million, compared with a loss of ¥687 million in the same period of the previous year. (b) North America In addition to the impact of foreign exchange, revenue fell 14.2% year on year to ¥13,811 million due to the end of production for end-of-model-life vehicles as the product mix changed. However, structural reforms through the consolidation of North American sites, cost-reduction initiatives and efforts to strengthen the business base resulted in operating income of ¥426 million, up 77.3% year on year. (c) Asia Although production increased in India, revenue fell 5.2% year on year to ¥11,244 million due to lower production in Thailand and China. However, in addition to structural reforms, including voluntary retirement programs in China and Thailand, improvements in procurement costs resulted in operating income of ¥615 million, compared with an operating loss of ¥57 million in the same period of the previous year.」

「In Japan, revenue fell 2.5% year on year to ¥39,334 million due to lower standalone production. In North America, revenue rose 4.6% year on year to ¥30,179 million due to the impact of the weaker yen, and operating income was ¥441 million, compared with an operating loss of ¥1,244 million in the previous fiscal year. In Asia, revenue fell 18.7% year on year to ¥24,828 million due to the impact of weak sales of Japanese vehicles in China.」

「(a) Japan Due to lower production in the electronics business, revenue fell 3.0% year on year to ¥18,559 million. Increased development costs for new models and higher labor and other expenses resulting from strengthened administrative systems resulted in an operating loss of ¥687 million, compared with a loss of ¥131 million in the same period of the previous year. (b) North America Due to increased production and the impact of foreign exchange associated with the weaker yen, revenue rose 16.9% year on year to ¥16,102 million. In addition to the benefit of higher revenue, the elimination of labor-cost losses and cost-reduction initiatives resulted in operating income of ¥240 million, compared with an operating loss of ¥1,293 million in the same period of the previous year. (c) Asia Due to lower production resulting from weak sales of Japanese vehicles in China, revenue fell 17.9% year on year to ¥11,857 million, while the operating loss was ¥57 million, compared with operating income of ¥667 million in the same period of the previous year.」

「(a) Japan Revenue rose 0.4% year on year to ¥30,310 million, but the impact of higher material prices resulted in an operating loss of ¥399 million, compared with operating income of ¥428 million in the same period of the previous year. (b) North America Revenue rose 6.1% year on year to ¥21,225 million. Although the loss narrowed as transportation costs associated with the port disruptions that occurred in the same period of the previous year were eliminated, the company posted an operating loss of ¥1,148 million, compared with a loss of ¥2,062 million in the same period of the previous year, due to the impact of higher wages, labor shortages and other factors. (c) Asia Due to lower automobile production in China, revenue fell 9.4% year on year to ¥21,777 million, while operating income fell 14.1% year on year to ¥1,058 million.」

「(a) Japan As major customers increased automobile production compared with the same period of the previous year, revenue rose 3.2% year on year to ¥19,123 million, while the company posted an operating loss of ¥131 million, compared with operating income of ¥90 million in the same period of the previous year. (b) North America Revenue rose 9.1% year on year to ¥13,772 million due to the impact of foreign exchange, while the operating loss was ¥1,293 million, compared with a loss of ¥1,689 million in the same period of the previous year. (c) Asia Due to lower automobile production in China, revenue fell 1.8% year on year to ¥14,436 million, while operating income rose 16.3% year on year to ¥667 million.」

「As major customers increased automobile production compared with the same period of the previous year, revenue rose 12.9% year on year to ¥9,040 million, and operating income was ¥118 million, compared with an operating loss of ¥103 million in the same period of the previous year.」

「(a) Japan Although the impact of the semiconductor supply shortage remained, higher orders from customers led to revenue of ¥39,817 million, up 13.9% year on year, and operating income of ¥458 million, compared with an operating loss of ¥987 million in the previous fiscal year. (b) North America Revenue rose 28.9% year on year to ¥27,215 million due to the impact of foreign exchange, but the increase in transportation costs caused by port disruptions resulted in an operating loss of ¥2,716 million, compared with a loss of ¥975 million in the previous fiscal year. (c) Asia Revenue rose 12.4% year on year to ¥32,697 million due to the impact of foreign exchange, but operating income fell 20.9% year on year to ¥1,636 million due to costs related to addressing quality issues in Thailand and other factors.」

「(a) Japan Although the impact of the semiconductor supply shortage remained, increased orders from customers resulted in revenue of ¥30,176 million, up 15.1% year on year, and operating profit of ¥428 million, compared with an operating loss of ¥727 million in the same period of the previous fiscal year. (b) North America Revenue was ¥19,996 million, up 25.6% year on year, due to foreign exchange effects, but higher transportation costs resulting from port issues resulted in an operating loss of ¥2,062 million, compared with a loss of ¥697 million in the same period of the previous fiscal year. (c) Asia Revenue was ¥24,038 million, up 12.7% year on year, due to foreign exchange effects, but operating profit was ¥1,231 million, down 29.7%, due to costs related to addressing defects in Thailand and other factors.」

「(a) Japan Although the impact of the semiconductor supply shortage remained, increased orders from customers resulted in revenue of ¥18,538 million, up 10.8% year on year, and operating profit of ¥90 million, compared with an operating loss of ¥432 million in the same period of the previous fiscal year. (b) North America Revenue was ¥12,619 million, up 8.5% year on year, due to foreign exchange effects, but higher transportation costs resulting from port issues resulted in an operating loss of ¥1,689 million, compared with a loss of ¥425 million in the same period of the previous fiscal year. (c) Asia The impact of China's lockdown resulted in revenue of ¥14,701 million, down 1.4% year on year, and operating profit of ¥574 million, down 54.7%.」

「Lower automobile production by major customers than in the same period of the previous fiscal year resulted in revenue of ¥8,006 million, down 8.3% year on year, and an operating loss of ¥103 million, compared with a loss of ¥46 million in the same period of the previous fiscal year. Higher transportation costs due to port issues resulted in revenue of ¥5,778 million, up 1.1% year on year, and an operating loss of ¥1,103 million, compared with a loss of ¥144 million in the same period of the previous fiscal year. Higher raw material prices resulted in revenue of ¥8,570 million, up 4.5% year on year, and operating profit of ¥604 million, down 25.4%.」

「In Japan, revenue was ¥34,950 million, down 4.5% from the previous fiscal year, and the operating loss was ¥987 million, compared with a loss of ¥1,734 million in the previous fiscal year. In North America, revenue was ¥21,109 million, down 13.4%, and the operating loss was ¥975 million, compared with a loss of ¥942 million in the previous fiscal year. In Asia, revenue was ¥29,095 million, up 11.3%, and operating profit was ¥2,069 million, up 19.2%.」

「Although major customers produced more automobiles than in the same period of the previous fiscal year, the impact of parts supply shortages caused by the renewed spread of COVID-19 and the semiconductor supply shortage resulted in revenue of ¥26,213 million, up 0.4% year on year, and an operating loss of ¥727 million, compared with a loss of ¥1,884 million in the same period of the previous fiscal year. Although results recovered from the significant revenue decline in the previous fiscal year caused by COVID-19, the impact of the semiconductor supply shortage resulted in revenue of ¥15,923 million, down 10.2% year on year, and an operating loss of ¥697 million, compared with a loss of ¥829 million in the same period of the previous fiscal year. In China, where sales remained strong after the containment of COVID-19, revenue was ¥21,330 million, up 21.3% year on year, and operating profit was ¥1,750 million, up 92.3%.」

「Although major customers produced more automobiles than in the same period of the previous fiscal year, the impact of parts supply shortages caused by the renewed spread of COVID-19 and the semiconductor supply shortage resulted in revenue of ¥16,730 million, up 11.4% year on year, and an operating loss of ¥432 million, compared with a loss of ¥2,075 million in the same period of the previous fiscal year. Although results recovered from the significant revenue decline in the previous fiscal year caused by COVID-19, the impact of the semiconductor supply shortage resulted in revenue of ¥11,629 million, up 8.9% year on year, and an operating loss of ¥425 million, compared with a loss of ¥591 million in the same period of the previous fiscal year. In China, where sales remained strong after the containment of COVID-19, revenue was ¥14,910 million, up 41.0% year on year, and operating profit was ¥1,268 million, up 216.7%.」

「Higher automobile production by major customers than in the same period of the previous fiscal year resulted in revenue of ¥8,730 million, up 58.8% year on year, and an operating loss of ¥46 million, compared with a loss of ¥2,014 million in the same period of the previous fiscal year. Production volume declined due to the impact of the semiconductor supply shortage, resulting in revenue of ¥5,716 million, down 25.8% year on year, and an operating loss of ¥144 million, compared with a loss of ¥148 million in the same period of the previous fiscal year. China recovered from the impact of COVID-19, resulting in revenue of ¥8,203 million, up 40.9% year on year, and operating profit of ¥810 million, up 86.7%.」

「In the automotive parts-related business, declining orders, particularly in Japan and Asia, due to the impact of COVID-19 resulted in revenue of ¥59,002 million, down 27.4% year on year, and an operating loss of ¥1,594 million, compared with operating profit of ¥2,061 million in the same period of the previous fiscal year.」

「In the automotive parts-related business, revenue was ¥34,739 million, down 36.2% year on year, due mainly to a decline in orders, particularly in Japan and Asia, resulting from the impact of COVID-19, and the operating loss was ¥2,004 million, compared with operating profit of ¥1,401 million in the same period of the previous year.」

「In the automotive parts-related business, revenue was ¥18,340 million, down 31.2% year on year, due mainly to a decline in orders, particularly in Japan and China, resulting from the impact of COVID-19, and the operating loss was ¥1,442 million, compared with operating profit of ¥634 million in the same period of the previous year.」

「In the automotive parts-related business, production declines in North America, China and elsewhere resulted in revenue of ¥108,224 million, down 5.5% from the previous fiscal year, and operating profit of ¥2,700 million, down 27.0%.」

「In the automotive parts-related business, revenue was ¥81,259 million, down 6.6% year on year, due mainly to production cuts in North America and China, and operating profit was ¥2,061 million, down 35.1% year on year.」

「In the automotive parts-related business, revenue was ¥54,486 million, down 5.9% year on year, due mainly to production cuts in North America and China, and operating profit was ¥1,401 million, down 19.7% year on year.」

「In the automotive parts-related business, production declines in North America, China and elsewhere resulted in revenue of ¥26,664 million, down 10.6% year on year, and operating profit of ¥634 million, down 43.4%.」

「In the automotive parts-related business, production declined in North America due to sluggish sales of vehicle models for which we had received orders, but increased in Japan, China and elsewhere, resulting in revenue of ¥114,489 million, up 0.6% from the previous fiscal year, and operating profit of ¥3,700 million, up 7.5%.」

「In the automotive parts-related business, increased production in Japan, China and elsewhere resulted in revenue of ¥86,955 million, up 4.5% year on year, and operating profit of ¥3,174 million, up 34.1%.」

「In the automotive parts-related business, increased production in China, Thailand and elsewhere resulted in revenue of ¥57,902 million, up 5.7% year on year, and operating profit of ¥1,746 million, up 36.7%.」

「In the automotive parts-related business, increased production in Japan, China and Thailand resulted in revenue of ¥29,825 million, up 8.0% year on year, and operating profit of ¥1,122 million, up 47.9%.」

「In the automotive parts-related business, production declined in North America but increased in Japan and Asia, resulting in revenue of ¥113,765 million, up 6.7% from the previous fiscal year, and operating profit of ¥3,440 million, up 21.1%.」

「In the automotive parts-related business, production declined in North America but increased in Japan and Asia, resulting in revenue of ¥83,182 million, up 5.2% year on year, and operating profit of ¥2,367 million, up 31.4%.」

「In the automotive parts-related business, although production declined in North America, sales increased in Japan and Asia, resulting in revenue of ¥27,615 million, up 2.5% year on year, and operating profit of ¥758 million, up 59.0%.」