Completion of Earnings Structure Reform

「Sales decreased by ¥3.1 billion year on year to ¥274.299 billion, down 1.1%. Due to higher fixed costs and lower sales, operating income decreased by ¥11.776 billion, or 20.2%, to ¥46.454 billion, ordinary income decreased by ¥11.806 billion, or 20.1%, to ¥46.844 billion, and interim net income attributable to owners of the parent decreased by ¥6.982 billion, or 18.0%, to ¥31.855 billion.」

「For the six-month consolidated accounting period, the Group’s sales increased by ¥54.139 billion year on year to ¥277.399 billion, up 24.2%. Due to higher sales, operating income increased by ¥19.681 billion, or 51.1%, to ¥58.231 billion, ordinary income increased by ¥19.276 billion, or 49.0%, to ¥58.65 billion, and interim net income attributable to owners of the parent increased by ¥12.49 billion, or 47.4%, to ¥38.838 billion.」

「Despite the increase in fixed costs, higher sales and improved profitability resulted in operating income increasing by ¥7.036 billion, or 12.4%, year on year to ¥63.691 billion, ordinary income increasing by ¥7.496 billion, or 13.1%, to ¥64.69 billion, and net income attributable to owners of the parent increasing by ¥2.755 billion, or 6.6%, to ¥44.597 billion.」

「Despite the increase in fixed costs, higher sales and improved profitability resulted in operating income increasing by ¥377 million, or 1.0%, year on year to ¥38.55 billion, and ordinary income increasing by ¥683 million, or 1.8%, to ¥39.374 billion.」

「For the three-month period ended in the first quarter of the current fiscal year, the Group’s sales decreased by ¥2.136 billion year on year to ¥99.69 billion, down 2.1%. Due to lower sales and higher fixed costs, operating income decreased by ¥4.431 billion, or 24.8%, to ¥13.418 billion, ordinary income decreased by ¥4.523 billion, or 24.8%, to ¥13.683 billion, and net income attributable to owners of the parent decreased by ¥6.663 billion, or 41.4%, to ¥9.428 billion.」

「Increase market share in cleaning equipment ・Continue reforming the earnings structure ・Strengthen post-sales services ・Improve CCC* by strengthening supply chain management」

「For the nine-month period ended in the third quarter of the current fiscal year, the Group’s sales increased by ¥44.135 billion year on year to ¥335.243 billion, up 15.2%. Due to higher sales and improved profitability, operating income increased by ¥16.492 billion, or 41.1%, to ¥56.655 billion, while ordinary income increased by ¥17.28 billion, or 43.3%, to ¥57.194 billion.」

「Sales increased by ¥31.197 billion year on year to ¥218.404 billion, up 16.7%. Due to higher sales and improved profitability, operating income increased by ¥14.095 billion, or 58.5%, to ¥38.172 billion, while ordinary income increased by ¥14.897 billion, or 62.6%, to ¥38.69 billion.」

「Sales increased by ¥18.97 billion year on year to ¥101.826 billion, up 22.9%. Due to higher sales and improved profitability, operating income increased by ¥9.156 billion, or 105.3%, to ¥17.849 billion, while ordinary income increased by ¥9.537 billion, or 110.0%, to ¥18.206 billion.」

「For the nine-month period ended in the third quarter of the current fiscal year, the Group’s sales increased by ¥74.64 billion year on year, to ¥291.107 billion, up 34.5%. Due to higher sales and improved profitability, operating income increased by ¥27.365 billion, or 213.8%, year on year to ¥40.162 billion.」

「For the six-month period ended in the second quarter of the current fiscal year, the Group’s sales increased by ¥44.491 billion year on year, to ¥187.206 billion, up 31.2%. Due to higher sales and improved profitability, operating income increased by ¥17.591 billion, or 271.2%, year on year to ¥24.077 billion.」

「For the three-month period ended in the first quarter of the current fiscal year, the Group’s sales increased by ¥15.976 billion year on year, to ¥82.856 billion, up 23.9%. Due to higher sales and improved profitability, operating income increased by ¥6.833 billion, or 367.5%, year on year to ¥8.693 billion.」

「For the nine-month period ended in the third quarter of the current fiscal year, the Group’s sales decreased by ¥9.583 billion year on year, to ¥216.467 billion, down 4.2%. Although sales declined, improved profitability and fixed-cost controls resulted in operating income increasing by ¥5.399 billion, or 73.0%, to ¥12.796 billion, and ordinary income increasing by ¥4.069 billion, or 56.6%, to ¥11.262 billion.」

「Although sales declined, operating income increased by ¥3.046 billion, or 88.6%, year on year to ¥6.485 billion, while ordinary income increased by ¥2.013 billion, or 59.0%, to ¥5.427 billion, due to improved profitability and fixed-cost controls.」

「For the three-month period ended in the first quarter of the current fiscal year, the Group’s sales increased by ¥8.649 billion year on year, to ¥66.88 billion, up 14.9%. Due to higher sales, improved profitability and fixed-cost controls, the Group posted operating income of ¥1.859 billion, compared with an operating loss of ¥4.428 billion in the same period of the previous year.」

「From the second year onward, profitability declined due to the higher variable-cost ratio and increases in fixed costs such as personnel expenses associated with strengthening overseas bases and increasing production. In addition, the Group was left with challenges in generating cash flow.」

「For the nine-month period ended in the third quarter of the current fiscal year, the Group’s sales decreased by ¥26.367 billion year on year, to ¥226.051 billion, down 10.4%. Although fixed-cost reductions were advanced, the decline in sales and higher variable-cost ratio resulted in operating income decreasing by ¥11.491 billion, or 60.8%, to ¥7.397 billion, and ordinary income decreasing by ¥11.479 billion, or 61.5%, to ¥7.193 billion.」

「For the six-month period ended in the second quarter of the current fiscal year, the Group’s sales decreased by ¥21.891 billion year on year, to ¥148.19 billion, down 12.9%. Due mainly to the decline in sales and the higher variable-cost ratio, operating income decreased by ¥11.749 billion, or 77.4%, to ¥3.439 billion, while ordinary income decreased by ¥11.891 billion, or 77.7%, to ¥3.414 billion.」

「For the three-month period ended in the first quarter of the current fiscal year, the Group’s sales decreased by ¥14.31 billion year on year, to ¥58.23 billion, down 19.7%. Due mainly to the substantial decline in sales and the higher variable-cost ratio, the Group posted an operating loss of ¥4.428 billion, compared with operating income of ¥5.1 billion in the same period of the previous year.」

「For the nine-month period ended in the third quarter of the current fiscal year, the Group’s sales increased by ¥28.255 billion year on year to ¥252.418 billion. However, due mainly to a higher variable-cost ratio in the semiconductor manufacturing equipment business and increases in fixed costs such as personnel expenses associated with strengthening overseas bases and responding to production increases, operating income decreased by ¥4.903 billion year on year to ¥18.888 billion, while ordinary income decreased by ¥4.355 billion to ¥18.672 billion.」

「Operating income was ¥11.608 billion, down 20.2% year on year, due to an increase in the variable-cost ratio following delays in cost-improvement activities caused by temporary procurement disruptions arising from natural disasters, as well as increases in fixed costs such as personnel expenses associated with expanding sales.」

「The plan set the following targets: ① “Complete the reform of the earnings structure and transition to a highly profitable structure,” with an operating margin of at least 10% in the final year; ② “Commercialize new areas”; and ③ “Strengthen the financial position,” with an equity ratio of at least 50% at the end of the final year. Although commercialization in new areas was delayed, the company achieved a certain level of results.」

「In the current fiscal year, the final year of the Three-Year Medium-Term Management Plan, we will further advance the separation of management and execution under the holding company structure, accelerating decision-making and clarifying execution responsibilities. We will also complete the reform of our earnings structure, strengthen our financial position and firmly establish the foundation for further growth.」

「In the current fiscal year, the final year of the Three-Year Medium-Term Management Plan, we will further advance the separation of management and execution under the holding company structure, accelerating decision-making and clarifying execution responsibilities. We will also complete the reform of our earnings structure, strengthen our financial position and firmly establish the foundation for further growth.」

「In the previous fiscal year, ongoing efforts to reform our earnings structure, including reducing variable costs and restraining fixed costs, produced results. We continued to achieve higher revenue and higher earnings, and the operating margin, a key focus, improved from the first year. In the current fiscal year, the final year of the Three-Year Medium-Term Management Plan, we will further advance the separation of management and execution under the holding company structure, accelerating decision-making and clarifying execution responsibilities. We will also complete the reform of our earnings structure, strengthen our financial position and firmly establish the foundation for further growth.」