Revenue and profit declined due to lower deliveries in the electricity business

「Revenue was ¥38,492 million, up 9.5% year on year. Segment profit was ¥4,011 million, down 11.9% from the previous fiscal year, which included the recognition of negative goodwill following the conversion of a company into an equity-method affiliate. Excluding negative goodwill, segment profit increased 11.5% from ¥3,597 million in the same period of the previous year.」

「Sales increased as scheduled repair work for thermal and nuclear power plants across western Japan and the construction of new thermal power plants in Kyushu progressed smoothly to delivery.」

「Deliveries of projects including periodic repairs at nuclear power plants in the Kansai region and power generation equipment construction at thermal power plants in Kyushu progressed smoothly, resulting in revenue of ¥19,094 million, up 12.4% year on year. However, segment profit fell 39.8% to ¥1,588 million because the previous fiscal year included the delivery of a large thermal power plant project and the recognition of negative goodwill arising from the conversion of a company into an equity-method affiliate. Excluding the previous fiscal year's negative goodwill, segment profit decreased 5.7% from ¥1,684 million in the same period of the previous year.」

「Deliveries of projects including disaster prevention and safety equipment replacements for nuclear power plants and major equipment replacements for thermal power plants in various parts of western Japan progressed smoothly. In addition, sales synergies with TVE and Fenwal Controls of Japan,Ltd., which became equity-method affiliates, contributed to revenue of ¥35,158 million, up 18.4% year on year, and segment profit of ¥3,289 million, up 65.7%.」

「Strong progress in delivering large projects throughout western Japan, including periodic repairs at a nuclear power plant in Kyushu and major equipment replacements at a thermal power plant in the Chugoku region, resulted in revenue of ¥16,981 million, up 26.8% year on year, and segment profit of ¥1,510 million, up 182.6%.」

「Maintenance projects for power generation facilities remained solid both for electric power company plants in various parts of western Japan and for private power generation facilities operated by general industries in the Tokyo metropolitan area, Kansai and elsewhere. However, revenue fell 5.0% from the previous fiscal year to ¥29,701 million due to the reaction to the delivery of a large new-build project in the previous consolidated fiscal year. Segment profit fell 3.5% to ¥1,984 million, owing mainly to higher SG&A expenses incurred ahead of schedule in connection with expanding the organisational structure at the Company's standalone operations, as described above.」

「Maintenance projects for power generation facilities remained solid both for electric power company plants in various parts of western Japan and for private power generation facilities operated by general industries in the Tokyo metropolitan area, Kansai and elsewhere. However, revenue fell 2.8% year on year to ¥20,040 million due to the reaction to the delivery of a large new-build project in the same period of the previous year. Segment profit fell 12.2% to ¥1,008 million, owing mainly to higher SG&A expenses incurred ahead of schedule in connection with expanding the organisational structure at the Company's standalone operations.」

「Revenue was ¥13,390 million, up 8.5% year on year, due to maintenance and repair projects at nuclear and thermal power plants in the Tango and Wakasa regions and nuclear power plants in Kyushu. However, segment profit was ¥534 million, down 0.7%, owing partly to higher SG&A expenses associated with expanding the organisational structure in the Company's standalone energy business.」

「Equipment maintenance projects for nuclear and thermal power plants in the Wakasa region, as well as additional equipment deliveries to newly constructed and recently commissioned power plants in the San'in region, contributed to revenue of ¥6,932 million, up 25.9% year on year, and segment profit of ¥295 million, up 43.9%.」

「In addition to steady equipment maintenance negotiations with electric power companies in various parts of western Japan, responses to new power plant construction in the San'in region and expanded sales transactions with power plants in the Hokuriku region resulted in revenue of ¥15,469 million, up 36.1% year on year, and segment profit of ¥1,319 million, up 10.6%.」

「Renewal of power plant equipment in the Hokuriku region and equipment installation work for power plants in the San'in region contributed to a substantial increase in sales to ¥10.682 billion, up 53.1% year on year. Segment profit, however, rose only modestly to ¥685 million, up 7.0%, partly due to profitability issues in resource-related transactions.」

「Renewal of power plant equipment in the Hokuriku region and expansion of safety equipment for nuclear power plants in the Chugoku region contributed to sales of ¥6.686 billion, up 50.7% year on year, but segment profit was limited to ¥351 million, down 23.3%, due in part to low-margin resource-related transactions.」

「Revenue fell to ¥1,136.3 million, down 6.5% from the previous fiscal year, and segment profit fell 10.0% to ¥119.2 million, as sales declined due to the postponement of periodic repairs and equipment upgrades for thermal power generation facilities amid lower investment in the thermal power generation field.」

「Revenue fell to ¥697.7 million, down 21.5% year on year, and segment profit fell 33.8% to ¥64.0 million, as sales declined due to the postponement of periodic inspection work and equipment upgrades for thermal power generation facilities supplied to electric power companies.」

「As sales of power generation equipment renewal work and other projects for electric power companies declined, sales fell to ¥4.436 billion, down 10.3% year on year. Segment profit, however, rose to ¥458 million, up 1.4%, supported by medium- and small-scale projects for nuclear power plants.」

「As sales of large-scale projects, including power generation equipment renewal work for electric power companies, increased, sales rose to ¥52.494 billion, up 31.3% from the previous fiscal year. Segment profit, however, fell to ¥1.325 billion, down 6.4%, due to a decline in medium- and small-scale projects for thermal power generation equipment, despite an increase in projects such as safety measures work based on new regulatory standards for nuclear power plants.」

「As sales of large-scale projects, including power generation equipment renewal work for electric power companies, increased, sales rose to ¥39.420 billion, up 33.8% year on year. Segment profit, however, fell to ¥967 million, down 9.6%, as the increase in projects such as safety measures work based on new regulatory standards for nuclear power plants was offset by a decline in medium- and small-scale projects for thermal power generation equipment.」

「Sales of large-scale projects, including power generation equipment renewal work for electric power companies, increased, bringing sales to ¥31.263 billion, up 47.4% year on year, but segment profit fell to ¥452 million, down 37.4%, due to a decline in medium- and small-scale projects for thermal and nuclear power generation equipment.」

「Sales of large-scale projects, including power generation equipment renewal work for electric power companies, increased, bringing sales above the previous year at ¥22.040 billion, up 158.1% year on year, but segment profit fell to ¥275 million, down 26.6%, due to a decline in medium- and small-scale projects, including replacement of thermal power generation equipment components.」

「Sales of large-scale periodic inspection and other projects for electric power companies declined, bringing sales below the previous fiscal year at ¥39.965 billion, down 16.1%, but the accumulation of medium- and small-scale projects, including replacement of thermal power generation equipment components, and new business development in the nuclear power field raised segment profit to ¥1.617 billion, up 14.9%.」

「Due to lower deliveries of large-scale projects for electric power companies, sales fell to ¥29.466 billion, down 17.2% year on year, but the accumulation of medium- and small-scale projects raised segment profit to ¥1.212 billion, up 31.4%.」

「As deliveries of large components and other products for power plants were deferred to the second half, sales fell to ¥21.203 billion, down 29.6% year on year, but the accumulation of medium- and small-scale projects, including those for nuclear power plants, raised segment profit to ¥833 million, up 1.1%.」

「As sales of large components and other products for thermal power plants declined, sales fell to ¥8.538 billion, down 14.8% year on year, but the accumulation of medium- and small-scale projects, including those for nuclear power plants, lifted segment profit to ¥413 million, up 51.3%.」

「Sales of components for power generation equipment and periodic inspection and other work for thermal power plants remained firm, but sales of disaster-prevention and safety equipment and other products for nuclear power plants declined. As a result, sales were ¥47.633 billion, down 4.2% from the previous fiscal year, and segment profit was ¥1.407 billion, down 28.9%.」

「Sales of components for power generation equipment and periodic inspection and other work for thermal power plants remained firm, but sales of disaster-prevention and safety equipment and other products for nuclear power plants fell below the previous year. As a result, sales were ¥35.608 billion, down 2.5% year on year, and segment profit was ¥923 million, down 28.8%.」

「As sales of large components for power generation equipment and other products to electric power companies increased, sales rose to ¥30.109 billion, up 32.3% year on year, but segment profit was limited to ¥823 million, down 8.2%.」

「As deliveries of large components for power generation equipment and other products to electric power companies declined, sales were ¥10.018 billion, down 16.3% year on year, and segment profit was ¥273 million, down 35.4%.」

「Electric Power Business: As deliveries of large components for power generation equipment and other products to electric power companies declined, sales were ¥36.503 billion, down 15.6% year on year, and segment profit was ¥1.296 billion, down 14.7%.」

「Electric Power Business: As deliveries of large components for power generation equipment and other products to electric power companies declined, sales were ¥22.755 billion, down 31.0% year on year, and segment profit was ¥897 million, down 26.7%.」