Electronics operating profit decline due to lower capacity utilization in overseas manufacturing operations
First written in FY2017-Q3. . Latest entry: FY2024-Q1.
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- FY2024-Q1Lower operating profit despite higher sales in Electronics and EnergyAnnual report
「As a result, net sales were ¥35.538 billion, an increase of ¥1.605 billion, or 4.7%, from the first quarter of the previous consolidated fiscal year. Operating profit was ¥2.32 billion, a decrease of ¥296 million, or 11.3%, from the first quarter of the previous consolidated fiscal year.」
Electronics and Energy reported higher sales due in part to increased semiconductor-materials sales following product expansion, while operating profit declined 11.3% due to lower gross profit. - FY2021-Q3Improved manufacturing-subsidiary profitability amid lower Electronics segment salesAnnual report
「As a result, net sales were ¥86.01 billion, a decrease of ¥1.31 billion, or 1.5%, from the first 3 quarters of the previous consolidated fiscal year. Meanwhile, operating profit was ¥6.11 billion, an increase of ¥1.97 billion, or 47.7%, from the first 3 quarters of the previous consolidated fiscal year, due in part to improved profitability at certain manufacturing subsidiaries.」
While Electronics segment net sales declined 1.5%, operating profit increased 47.7% due to improved profitability at certain manufacturing subsidiaries. - FY2021-Q1Higher Electronics segment operating profit despite lower sales, supported by improved manufacturing-subsidiary profitabilityAnnual report
「In Electronics, sales of precision processing products for semiconductor back-end processes increased, but sales declined overall due to lower sales of photoresist materials, modified epoxy resin products for heavy and light electrical equipment and other applications, equipment-related products and display-related components. As a result, net sales were ¥26.06 billion, a decrease of ¥550 million, or 2.1%, from the first quarter of the previous consolidated fiscal year. Meanwhile, operating profit was ¥1.73 billion, an increase of ¥450 million, or 36.1%, from the first quarter of the previous consolidated fiscal year, due in part to improved profitability at certain manufacturing subsidiaries.」
Although sales in the Electronics segment continued to decline, operating profit increased 36.1% year on year due to improved profitability at certain manufacturing subsidiaries. - FY2020-Q3Continued revenue and profit decline in the Electronics segmentAnnual report
「As a result, net sales were ¥87.32 billion, a decrease of ¥7.35 billion, or 7.8%, from the first 3 quarters of the previous consolidated fiscal year. Operating profit was ¥4.14 billion, a decrease of ¥2.05 billion, or 33.2%, from the first 3 quarters of the previous consolidated fiscal year.」
The Electronics segment continued to report lower sales and profit from FY2019-Q2 due in part to lower sales of precision processing-related products, equipment-related products and display-related components. - FY2020-Q2Continued revenue and profit decline in the Electronics segmentAnnual report
「As a result, net sales were ¥57.3 billion, a decrease of ¥4.51 billion, or 7.3%, from the first-half cumulative period of the previous consolidated fiscal year. Operating profit was ¥3.13 billion, a decrease of ¥890 million, or 22.3%, from the first-half cumulative period of the previous consolidated fiscal year.」
The Electronics segment continued to report lower sales and profit in the first-half cumulative period due in part to lower sales of precision processing, equipment and display-related components. - FY2020-Q1Continued revenue and profit decline in the Electronics segmentAnnual report
「As a result, net sales were ¥26.61 billion, a decrease of ¥2.66 billion, or 9.1%, from the first quarter of the previous consolidated fiscal year. Operating profit was ¥1.27 billion, a decrease of ¥590 million, or 31.7%, from the first quarter of the previous consolidated fiscal year.」
Following the decline in sales and profit from FY2019-Q2, the Electronics segment also reported lower sales and profit in the first quarter of the current fiscal year. Lower sales of precision processing, equipment and display-related components were cited. - FY2019Full-year Electronics segment revenue and profit declineAnnual report
「As a result, net sales were ¥122.31 billion, a decrease of ¥7 billion, or 5.4%, from the previous consolidated fiscal year. Operating profit was ¥7.4 billion, a decrease of ¥1.51 billion, or 17.0%, from the previous consolidated fiscal year.」
The Electronics segment reported lower sales and profit for the full year due in part to lower sales of photoresist materials, equipment-related products and display-related components. - FY2019-Q3Electronics segment revenue and profit decline in the first 3 quartersAnnual report
「As a result, net sales were ¥94.68 billion, a decrease of ¥6.04 billion, or 6.0%, from the first 3 quarters of the previous consolidated fiscal year. Operating profit was ¥6.19 billion, a decrease of ¥1.08 billion, or 14.9%, from the first 3 quarters of the previous consolidated fiscal year.」
The Electronics segment reported lower sales and profit in the first 3 quarters due in part to lower sales of photoresist materials, equipment-related products and display-related components. The decline in sales and profit from the previous first-half cumulative period continued, and operating profit declined 14.9%. - FY2019-Q2Electronics segment revenue and profit decline in the first-half cumulative periodAnnual report
「In Electronics, sales declined both domestically and overseas. In the Electronic Chemicals business, sales of modified epoxy resin products for the semiconductor industry and other applications and equipment-related products remained strong, but sales declined overall due to lower sales of photoresist materials. In the Electronic Materials business, the polishing-materials business for semiconductor back-end processes remained solid, but sales declined overall due to lower sales of display-related components. As a result, net sales were ¥61.82 billion, a decrease of ¥3.88 billion, or 5.9%, from the first-half cumulative period of the previous consolidated fiscal year. Operating profit was ¥4.03 billion, a decrease of ¥320 million, or 7.4%, from the first-half cumulative period of the previous consolidated fiscal year.」
The Electronics segment reported lower sales and profit in the first-half cumulative period due in part to lower sales of photoresist materials and display-related components. - FY2019-Q1Higher Electronics operating profit despite lower customer-factory utilisationAnnual report
「In Electronics, sales declined both domestically and overseas. In the Electronic Chemicals business, sales declined overall due to lower sales of photoresist materials and modified epoxy resin products for the semiconductor industry and other applications, reflecting lower utilisation at customer factories.」
The Electronics segment reported lower sales due in part to lower utilisation at customer factories, but operating profit increased 8.1% year on year due in part to the steady performance of high-margin businesses in Greater China. - FY2018Higher full-year Electronics segment operating profitAnnual report
「As a result, net sales were ¥129.32 billion, an increase of ¥1.6 billion, or 1.3%, from the previous consolidated fiscal year. Operating profit was ¥8.91 billion, an increase of ¥2.58 billion, or 40.8%, from the previous consolidated fiscal year.」
Following the increase in profit in the first 3 quarters, the Electronics segment also reported a 40.8% increase in full-year operating profit. - FY2018-Q3Higher Electronics segment operating profit in the first 3 quarters as wellAnnual report
「In Electronics, sales increased both domestically and overseas. As a result, net sales were ¥100.73 billion, an increase of ¥4.46 billion, or 4.6%, from the first 3 quarters of the previous consolidated fiscal year. Operating profit was ¥7.28 billion, an increase of ¥2.61 billion, or 55.9%, from the first 3 quarters of the previous consolidated fiscal year.」
The Electronics segment reported higher sales both domestically and overseas in the first 3 quarters, while operating profit also increased 55.9% year on year. - FY2018-Q2Higher operating profit in the first-half cumulative period as wellAnnual report
「In Electronics, sales increased both domestically and overseas. As a result, net sales were ¥65.7 billion, an increase of ¥3.18 billion, or 5.1%, from the first-half cumulative period of the previous consolidated fiscal year. Operating profit was ¥4.35 billion, an increase of ¥1.16 billion, or 36.6%, from the first-half cumulative period of the previous consolidated fiscal year.」
The Electronics segment reported higher sales and profit in the first-half cumulative period. Meanwhile, sales of processed components in the Electronic Materials business declined due to smartphone model changes. - FY2018-Q1Higher operating profit in the first quarter as wellAnnual report
「As a result, net sales were ¥30.53 billion, an increase of ¥650 million, or 2.2%, from the first quarter of the previous consolidated fiscal year. Operating profit was ¥1.72 billion, an increase of ¥240 million, or 16.5%, from the first quarter of the previous consolidated fiscal year.」
Following the decline in profit caused by lower utilisation at overseas manufacturing operations in the third quarter of the previous fiscal year, the Electronics segment reported higher sales and profit in the first quarter of the current fiscal year. - FY2017Higher operating profit for the full yearAnnual report
「As a result, net sales were ¥127.72 billion, a decrease of ¥200 million, or 0.2%, from the previous consolidated fiscal year. Operating profit was ¥6.33 billion, an increase of ¥70 million, or 1.2%, from the previous consolidated fiscal year, due in part to higher profit accompanying increased sales at domestic manufacturing subsidiaries.」
While operating profit declined in the first 3 quarters due to lower utilisation at overseas manufacturing operations, higher sales at domestic manufacturing subsidiaries contributed to a 1.2% increase in full-year Electronics segment operating profit. - FY2017-Q3First statedAnnual report
「In Electronics, domestic sales increased, driven by domestic manufacturing subsidiaries, but sales in Greater China and the Americas declined, resulting in an overall decrease in sales. As a result, net sales were ¥96.27 billion, a decrease of ¥3.02 billion, or 3.1%, from the first 3 quarters of the previous consolidated fiscal year. Operating profit was ¥4.67 billion, a decrease of ¥640 million, or 12.1%, from the first 3 quarters of the previous consolidated fiscal year, due to lower utilisation at overseas manufacturing operations.」
In the Electronics segment, lower utilisation at overseas manufacturing operations was cited as a factor behind the 12.1% year-on-year decline in operating profit.