Impact of COVID-19 on the Economy and Overseas Procurement

「During the interim accounting period, there were no new matters relating to the business or accounting information described in this interim report that could materially affect investment decisions, nor any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」

「During the fiscal year, Japan's economy saw substantial progress toward the normalization of social and economic activity as COVID-19 was reclassified as a Class 5 infectious disease,」

「During the interim accounting period, there were no new matters relating to the business or accounting information described in this interim report that could materially affect investment decisions, nor any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」

「During the fiscal year, Japan's economy recovered moderately as COVID-19 was reclassified as a Class 5 infectious disease, social and economic activity moved substantially toward normalization, employment and income conditions improved, and the Nikkei Stock Average reached a new record high.」

「During the cumulative second-quarter period, there were no new matters relating to the business or accounting information described in this quarterly report that could materially affect investment decisions, nor any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」

「During the cumulative first-quarter period, there were no new matters relating to the business or accounting information described in this quarterly report that could materially affect investment decisions, nor any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」

「During the fiscal year, Japan's economy showed signs of a gradual recovery as economic activity moved toward normalization following the gradual easing of restrictions on activities related to COVID-19.」

「During the cumulative third-quarter period, there were no new matters relating to the business or accounting information described in this quarterly report that could materially affect investment decisions, nor any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」

「During the cumulative second-quarter period, there were no new matters relating to the business or accounting information described in this quarterly report that could materially affect investment decisions, nor any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」

「During the cumulative first-quarter period, there were no new matters relating to the business or accounting information described in this quarterly report that could materially affect investment decisions, nor any material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」

「The timing of COVID-19 containment cannot be predicted accurately, and deterioration in the order environment is a concern, particularly in industries affected by the pandemic. However, the Company has determined that the impact on accounting estimates, including the recoverability of deferred tax assets, is limited.」

「There have been no material changes to the assumptions, including assumptions regarding the future spread of COVID-19 and the timing of its containment, described in the supplementary information to the securities report submitted for the previous fiscal year.」

「There have been no material changes to the assumptions, including assumptions regarding the future spread of COVID-19 and the timing of its containment, described in the supplementary information to the securities report submitted for the previous fiscal year.」

「As COVID-19 continued to spread globally, the global economy remained uncertain. If the spread of the infection causes customer companies' capital investment demand to decline substantially, this could affect the Company's performance.」

「During the cumulative third quarter period, Japan's economy remained in an uncertain position, as COVID-19 showed no signs of containment and the government issued two declarations of a state of emergency, raising concerns about sharp changes in economic activity and a renewed spread of infections.」

「In terms of orders, overall capital investment demand declined as COVID-19 spread, while continued demand related to semiconductors and telecommunications kept orders broadly at the previous fiscal year's level. Orders were ¥15.319 billion, up 0.1% year on year.」

「There have been no material changes to the assumptions, including assumptions regarding the future spread of COVID-19 and the timing of its containment, described in the supplementary information to the securities report submitted for the previous fiscal year.」

「In the Analytical Instruments (Laboratory Analyzers) segment, net sales were ¥6.606 billion, down 13.2% year on year, due in part to a decline in orders resulting from COVID-19 and postponements of construction schedules caused by restrictions on access to customer sites.」

「Under these operating conditions, equipment renewal projects related to lifelines, namely electricity, gas and water, remained solid. However, automotive-related projects and projects for the petroleum and chemical industries were sluggish, and delays in overseas procurement due to the impact of COVID-19 also affected operations. As a result, net sales were ¥24.837 billion, down 9.0% year on year.」