Trends in Revenue Growth and Profit Levels

「Net sales were ¥24,396 million, up 9.5% year on year. Gross profit increased to ¥16,281 million, up 14.3%, due to higher sales and an improvement in the cost-of-sales ratio resulting from the resumption of diamond bar sales.」

「Net sales were ¥16,106 million, up 8.7% year on year. … Operating income rose sharply by 22.2% to ¥5,097 million. In addition to the increase in operating income, the recognition of foreign exchange gains due to the weaker yen led ordinary income to rise 31.4% to ¥5,619 million, while interim net income attributable to owners of the parent rose sharply by 32.6% to ¥3,898 million.」

「Net sales were ¥29,968 million, up 5.1% from the previous fiscal year. … Operating income declined 2.4% to ¥8,193 million. … Net income attributable to owners of the parent was ¥4,643 million, down 26.1%.」

「Net sales rose 6.5% year on year to ¥14,810 million. Sales of surgical products such as ophthalmic knives remained strong in Europe, Asia, centered on China, and North America. Sales of products related to Ailes needles also increased in other regions such as Central and South America, mainly shipments to North American customers with production bases in Central and South America, as well as in Asia, centered on China. Dental products, however, remained weak due to the slowdown in the Chinese market and the impact of the voluntary suspension of shipments of diamond burs, as described below. Cost of sales rose 2.0% to ¥5,317 million due mainly to higher manufacturing costs at production subsidiaries, while gross profit increased 9.2% to ¥9,493 million. However, selling, general and administrative expenses rose 18.3% to ¥5,321 million, reflecting the recording of performance-based bonuses at headquarters related to the previous fiscal year's results and higher personnel expenses due to an increase in headcount. As a result, operating income declined slightly by 0.6% to ¥4,172 million. With the decrease in operating income and the reduction in foreign exchange gains, ordinary income fell 6.0% to ¥4,277 million, and interim net income attributable to owners of the parent fell 7.9% to ¥2,940 million, resulting in lower profit than in the same period of the previous year.」

「Net sales remained strong at ¥28,513 million, up 16.4% from the previous fiscal year. … Operating income was ¥8,392 million, up 15.8%. … Ordinary income was ¥8,464 million, up 5.9%, and net income attributable to owners of the parent was ¥6,286 million, up 5.6%.」

「Against a backdrop of increased sales mainly in Asia and North America, together with higher overseas sales due to the weaker yen, net sales remained strong at ¥21,610 million, up 16.7% year on year. … Operating income was ¥6,498 million, up 19.7%. With the increase in operating income and the recognition of foreign exchange gains, ordinary income rose 23.3% to ¥7,125 million, and net income attributable to owners of the parent rose 20.9% to ¥5,082 million, with the increase in profit widening from the same period of the previous year.」

「Against a backdrop of increased sales mainly in Asia, North America and Europe, together with higher overseas sales due to the weaker yen, net sales remained strong at ¥13,908 million, up 15.7% year on year. On the other hand, cost of sales rose 7.6% to ¥5,213 million due mainly to higher manufacturing costs at overseas subsidiaries, while selling, general and administrative expenses rose 20.6% to ¥4,497 million due to higher promotional expenses accompanying strengthened marketing activities and higher personnel expenses at headquarters. However, driven by the expansion in net sales, operating income rose 21.5% to ¥4,197 million. With the increase in operating income and the recognition of foreign exchange gains, ordinary income rose 29.6% to ¥4,551 million, and net income attributable to owners of the parent rose 24.5% to ¥3,191 million, with the increase in profit widening from the same period of the previous year.」

「Against a backdrop of increased sales mainly in Asia, North America, Japan and Europe, together with higher overseas sales due to the weaker yen, net sales remained strong at ¥7,114 million, up 16.5% year on year. … Operating income was ¥2,223 million, up 27.1%. With the substantial increase in operating income and the recognition of foreign exchange gains, ordinary income rose 35.4% to ¥2,349 million, and net income attributable to owners of the parent rose 21.1% to ¥1,573 million, with the increase in profit widening from the same period of the previous year.」

「Net sales were ¥24,488 million, up 19.9% year on year. … Operating income was ¥7,243 million, up 17.5%. … Ordinary income was ¥7,995 million, up 6.0%, and net income attributable to owners of the parent was ¥5,953 million, up 12.5%, mainly due to higher operating income.」

「Compared with the same period of the previous year, which was affected by COVID-19, demand for products expanded mainly in Asia, Europe and South America, with demand for products related to Ailes needles increasing particularly sharply. In addition, higher overseas sales due to the weaker yen contributed, and net sales rose 24.9% to ¥18,521 million.」

「Compared with the same period of the previous year, which was affected by COVID-19, demand for products expanded mainly in Japan, Asia and Europe. Against a backdrop of particularly strong growth in demand for products related to Ailes needles, net sales rose 24.6% to ¥12,025 million.」

「Compared with the same period of the previous year, which was affected by COVID-19, demand expanded in Japan, Europe and Asia, among other regions, and net sales rose 29.1% to ¥6,105 million. On the other hand, operating income rose 2.1% to ¥1,748 million, as higher manufacturing costs at overseas subsidiaries and higher cost of sales accompanying increased sales, together with higher selling, general and administrative expenses due to measures including strengthening the staffing structure, outweighed the increase in net sales. Although net sales and operating income increased, ordinary income fell 9.2% to ¥1,736 million, mainly because foreign exchange gains declined. Net income attributable to owners of the parent fell 1.8% to ¥1,299 million, mainly due to the decline in ordinary income and a decrease in deferred income taxes.」

「Driven by expanded sales in Asia, a recovery in demand in Europe, and the foreign exchange impact of the weaker yen, net sales were ¥14,830 million, up 14.6% year on year. As in the second quarter, inventory disposal to review appropriate inventory levels worsened the cost of sales ratio, but operating income rose 6.4% to ¥4,543 million, mainly due to higher net sales. Ordinary income rose 19.5% to ¥5,521 million, mainly because foreign exchange gains increased from the same period of the previous year. Net income attributable to owners of the parent rose 8.9% to ¥3,790 million, despite the absence of the gain on sales of investment securities recorded in the same period of the previous year, mainly because ordinary income increased.」

「Driven by expanded sales in Asia, centered on China, and a recovery in demand in Europe, net sales were ¥9,651 million, up 16.2% year on year. Although the disposal of inventory with no prospect of future shipment worsened the cost of sales ratio, operating income rose 15.6% to ¥3,079 million, mainly due to higher net sales. Ordinary income rose 23.7% to ¥3,390 million, mainly because foreign exchange gains increased from the same period of the previous year. Net income attributable to owners of the parent rose 15.8% to ¥2,333 million, despite the absence of the gain on sales of investment securities recorded in the same period of the previous year, mainly because ordinary income increased.」

「As demand recovered mainly in Europe and Asia, net sales were ¥4,728 million, up 12.6% year on year. Selling, general and administrative expenses increased due to stronger sales efforts by group companies and other factors, but operating income rose to ¥1,713 million, up 22.1%, due to higher net sales and an improved cost-of-sales ratio. Ordinary income was ¥1,911 million, up 50.3% due mainly to an increase in foreign exchange gains from the prior-year period, and quarterly net income attributable to owners of the parent was ¥1,322 million, up 34.4%, as the increase in ordinary income and other factors more than offset the absence of the gain on sales of investment securities recognized in the prior-year period.」

「Net sales for the fiscal year were ¥17,190 million, up 13.1% year on year, operating income was ¥5,348 million, up 23.2% due mainly to the increase in net sales, ordinary income was ¥5,679 million, up 28.4% due to an increase in foreign exchange gains from the prior-year period, and net income attributable to owners of the parent was ¥4,291 million, up 28.9%.」

「As a result, net sales for the cumulative third quarter were ¥12,935 million, up 9.0% year on year, operating income was ¥4,268 million, up 15.8% due mainly to the increase in net sales, ordinary income was ¥4,621 million, up 21.7% due to an increase in foreign exchange gains, and quarterly net income attributable to owners of the parent was ¥3,480 million, up 22.1%.」

「As a result, net sales for the cumulative second quarter were ¥8,304 million, down 2.0% year on year, operating income was ¥2,665 million, down 4.2% due mainly to the decrease in net sales, ordinary income was ¥2,740 million, down 9.0%, and quarterly net income attributable to owners of the parent was ¥2,014 million, down 12.6% due mainly to a decrease in gains on sales of investment securities.」

「As a result, net sales for the cumulative first quarter were ¥4,199 million, down 3.4% year on year, operating income was ¥1,403 million, up 0.1% due to a decrease in selling, general and administrative expenses, ordinary income was ¥1,271 million, down 19.5% despite the increase in operating income due mainly to a decrease in foreign exchange gains from the prior-year period, and quarterly net income attributable to owners of the parent was ¥984 million, down 6.3%, as the increase in gains on sales of investment securities and other factors partly offset the decline in ordinary income.」

「Net sales for the fiscal year were ¥15,200 million, down 17.1% year on year, operating income was ¥4,340 million, down 26.0% due mainly to the decrease in net sales, ordinary income was ¥4,424 million, down 22.2% due to a decrease in foreign exchange losses from the prior-year period, and net income attributable to owners of the parent was ¥3,329 million, down 45.4% due to a decrease in gains on sales of investment securities from the sale of shares in line with the Corporate Governance Code’s policy of reducing cross-shareholdings.」

「As a result, net sales for the cumulative third quarter were ¥11,863 million, down 13.9% year on year, operating income was ¥3,685 million, down 18.1% due mainly to the decrease in net sales, ordinary income was ¥3,796 million, down 15.0% due to a decrease in foreign exchange losses from the prior-year period, and quarterly net income attributable to owners of the parent was ¥2,849 million, down 44.2% due to a decrease in gains on sales of investment securities recognized in the prior-year period.」

「As a result, net sales for the cumulative second quarter were ¥8,475 million, down 6.7% year on year, while operating income was ¥2,782 million, down 4.3%, as an improved gross margin from discontinuing sales of dental operating microscopes and other products was offset by an increase in selling, general and administrative expenses. Ordinary income was ¥3,012 million, up 3.1% due to an increase in foreign exchange gains, and quarterly net income attributable to owners of the parent was ¥2,306 million, down 42.8% due to a decrease in gains on sales of investment securities from the prior-year period.」

「As a result, net sales for the cumulative first quarter were ¥4,345 million, down 9.5% year on year, operating income was ¥1,401 million, down 11.8%, ordinary income was ¥1,578 million, down 5.3% despite an increase in foreign exchange gains from the prior-year period, and quarterly net income attributable to owners of the parent was ¥1,050 million, down 66.0% due to a decrease in gains on sales of investment securities and the recognition of a loss from the Vietnam plant fire.」

「Net sales for the fiscal year were ¥18,327 million, down 8.8% year on year, operating income was ¥5,865 million, up 15.5% due to an improved cost-of-sales ratio associated with establishing increased production capacity at the second Phu Yen plant and a decrease in selling, general and administrative expenses following the transfer of shares in Schütz Dental GmbH, ordinary income was ¥5,688 million, up 9.0% despite an increase in foreign exchange losses from the prior-year period, and net income attributable to owners of the parent was ¥6,101 million, up 61.8% due to the recognition of a ¥2,750 million gain on sales of investment securities from the sale of shares in line with the Corporate Governance Code’s policy of reducing cross-shareholdings.」

「Net sales for the cumulative third quarter were ¥13,778 million, down 7.9% year on year, operating income was ¥4,502 million, up 17.5% due to an improved cost-of-sales ratio associated with establishing increased production capacity at the second Phu Yen plant and a decrease in selling, general and administrative expenses following the transfer of shares in Schütz Dental GmbH, ordinary income was ¥4,464 million, up 15.3% despite an increase in foreign exchange losses from the prior-year period, and quarterly net income attributable to owners of the parent was ¥5,105 million, up 87.7% due to the recognition of a ¥2,749 million gain on sales of investment securities from the sale of shares in line with the Corporate Governance Code’s policy of reducing cross-shareholdings.」

「As a result, net sales for the cumulative second quarter were ¥9,088 million, down 5.9% year on year, operating income was ¥2,906 million, up 21.4% due to an improved cost-of-sales ratio associated with establishing increased production capacity at the second Phu Yen plant and a decrease in selling, general and administrative expenses following the transfer of shares in Schütz Dental GmbH, ordinary income was ¥2,921 million, up 20.6% despite an increase in foreign exchange losses from the prior-year period, and quarterly net income attributable to owners of the parent was ¥4,034 million, up 140.3% due to the recognition of a ¥2,749 million gain on sales of investment securities from the sale of shares in line with the Corporate Governance Code’s policy of reducing cross-shareholdings.」

「As a result, net sales for the cumulative first quarter were ¥4,801 million, up 2.0% year on year, operating income was ¥1,589 million, up 40.1% due mainly to an improvement in the cost-of-sales ratio associated with establishing increased production capacity at the second Phu Yen plant, ordinary income was ¥1,667 million, up 35.5% despite a decrease in foreign exchange gains from the prior-year period, and quarterly net income attributable to owners of the parent was ¥3,086 million, up 266.0% due to the recognition of a gain on sales of investment securities.」

「As a result, net sales for the fiscal year were ¥20,102 million, up 17.1% year on year, operating income was ¥5,080 million, up 19.2%, ordinary income was ¥5,221 million, up 12.9%, as the increase in operating income more than offset the decrease in foreign exchange gains from the previous fiscal year, and net income attributable to owners of the parent was ¥3,770 million, up 13.7%, despite the recognition of a loss on the sale of shares in an affiliate and goodwill impairment loss in connection with the transfer of shares in Schütz Dental GmbH, due in part to an increase in gains on sales of investment securities.」

「As a result, net sales for the cumulative third quarter were ¥14,966 million, up 20.8% year on year, operating income was ¥3,831 million, up 21.3%, ordinary income was ¥3,871 million, up 12.8% due to a decrease in foreign exchange gains, and quarterly net income attributable to owners of the parent was ¥2,719 million, up 10.7%.」

「As a result, net sales for the cumulative second quarter were ¥9,663 million, up 17.8% year on year, operating income was ¥2,393 million, up 10.1%, ordinary income was ¥2,421 million, up 1.3% despite a decrease in foreign exchange gains, and quarterly net income attributable to owners of the parent was ¥1,678 million, down 1.0% due to an increase in taxes paid.」

「As a result, net sales for the cumulative first quarter were ¥4,708 million, up 16.7% year on year, operating income was ¥1,134 million, up 7.6%, ordinary income was ¥1,231 million, down 1.2% due to a decrease in foreign exchange gains, and quarterly net income attributable to owners of the parent was ¥843 million, up 0.1%.」

「As a result, net sales for the fiscal year were ¥17,167 million, up 3.7% year on year, operating income was ¥4,261 million, up 0.4%, ordinary income was ¥4,624 million, up 14.1% due to an increase in foreign exchange gains, and net income attributable to owners of the parent was ¥3,315 million, up 10.3%.」

「As a result, net sales for the cumulative third quarter were ¥12,392 million, up 2.1% year on year, operating income was ¥3,158 million, down 2.7%, ordinary income was ¥3,432 million, up 8.3% due to an increase in foreign exchange gains, and quarterly net income attributable to owners of the parent was ¥2,457 million, up 6.8%.」

「As a result, net sales for the cumulative second quarter were ¥8,205 million, up 4.9% year on year, operating income was ¥2,174 million, up 20.6%, ordinary income was ¥2,390 million, up 38.6%, and quarterly net income attributable to owners of the parent was ¥1,695 million, up 37.4%.」

「As a result, net sales for the cumulative first quarter were ¥4,036 million, up 0.8% year on year, operating income was ¥1,054 million, up 16.4%, ordinary income was ¥1,245 million, up 43.2% due to an increase in foreign exchange gains, and quarterly net income attributable to owners of the parent was ¥842 million, up 49.4%.」

「Net sales for the fiscal year were ¥16,555 million, up 19.7% year on year, operating income was ¥4,245 million, up 1.6%, ordinary income was ¥4,055 million, down 6.7% due to an increase in foreign exchange losses, and net income attributable to owners of the parent was ¥3,005 million, up 2.5% due to a decrease in corporate, inhabitant and enterprise taxes.」

「As a result, net sales for the cumulative third quarter were ¥12,132 million, up 28.0% year on year, operating income was ¥3,244 million, up 0.4%, ordinary income was ¥3,170 million, down 5.5% due to an increase in foreign exchange losses, and net income attributable to owners of the parent was ¥2,299 million, up 5.1% due to a decrease in corporate, inhabitant and enterprise taxes.」