Revitalization and Earnings Recovery of the Preform Business

「As the Preform Business achieved profitability, operating profit was ¥586 million, compared with an operating loss of ¥104 million in the same quarter of the previous year, and ordinary profit was ¥479 million, compared with an ordinary loss of ¥142 million.」

「In addition, asset efficiency improved through appropriate fixed-cost management accompanying business-structure reforms, including the withdrawal from the recycled-flake business, while the profitability of plastic caps for edible oils improved, resulting in a return to profitability.」

「Profitability improved at some consolidated subsidiaries due to improved production efficiency and other factors, resulting in a segment loss of ¥523 million, compared with a loss of ¥530 million in the previous fiscal year.」

「In the preform business, the loss widened due to lower revenue resulting from declining sales volumes of preforms for beverages, the benefits of initiatives to improve the profitability of the recycled-pellet and recycled-flake businesses not yet becoming apparent, and higher fixed-cost burdens, including depreciation expenses, across the preform business. As a result, revenue for the interim consolidated accounting period was ¥3,799 million, down 17.7% year on year, and the segment loss was ¥338 million, compared with a segment loss of ¥315 million in the same period of the previous year.」

「Although the business was affected by overhauls of production equipment at some preform manufacturing plants to improve yields and by temporary initial investment costs for the new recycled-pellet and recycled-flake businesses, the loss narrowed as initiatives to improve profitability began to take effect. The segment loss was ¥530 million, compared with a loss of ¥606 million in the previous fiscal year.」

「In the preform business, revenue increased from the same quarter of the previous year mainly because sales volumes of preforms for beverages increased, but the loss widened due to overhauls of production equipment at some plants and the recycled-pellet and recycled-flake manufacturing businesses, both new businesses, not yet contributing to earnings. As a result, revenue for the first 2 quarters of the fiscal year was ¥4,618 million, up 32.8% year on year, and the segment loss was ¥315 million, compared with a segment loss of ¥154 million in the same period of the previous year.」

「In the preform business, revenue increased from the same quarter of the previous year due in part to higher sales volumes of preforms for beverages, but the loss widened because material and utility costs continued to rise amid persistently high energy prices, overhaul costs were incurred at some plants, and the new recycled-pellet manufacturing business had not yet reached the point of contributing to earnings.」

「In the preform business, revenue increased due in part to higher sales volumes of preforms for beverages, but the business posted a loss due to higher material and utility costs resulting from persistently high global resource prices, launch costs for the new recycled-pellet manufacturing business, and delays in starting operations at 六盤水普程環保科技有限公司, which became a consolidated subsidiary at the end of the second quarter. As a result, revenue was ¥8,118 million, up 15.0% year on year, and the segment loss was ¥606 million, compared with a segment profit of ¥164 million in the previous fiscal year.」

「In the preform business, revenue increased from the same quarter of the previous year due to higher sales volumes of preforms for beverages, but the business posted a loss because material, logistics and utility costs rose substantially amid persistently high global resource prices, and costs were incurred to launch the recycled-pellet manufacturing business. As a result, revenue for the first 3 quarters of the fiscal year was ¥5,767 million, up 8.9% year on year, and the segment loss was ¥235 million, compared with a segment profit of ¥212 million in the same period of the previous year.」

「In the preform business, revenue increased from the same quarter of the previous year due in part to higher sales volumes of preforms for beverages, but the business posted a loss due to higher material, logistics and utility costs resulting from surging global energy prices, as well as costs incurred to launch the recycled-pellet manufacturing business. As a result, revenue for the first 2 quarters of the fiscal year was ¥3,478 million, up 18.7% year on year, and the segment loss was ¥154 million, compared with a segment profit of ¥32 million in the same period of the previous year.」

「In the preform business, revenue increased from the same quarter of the previous year due in part to higher sales volumes of preforms for beverages, but the loss widened due to higher material and utility costs resulting from surging global energy prices, as well as costs incurred to launch the recycled-pellet manufacturing business. As a result, revenue for the first quarter of the fiscal year was ¥1,613 million, up 33.3% year on year, and the segment loss was ¥117 million, compared with a segment loss of ¥25 million in the same period of the previous year.」

「In the preform business, revenue increased due in part to higher sales volumes of preforms for beverages, but profit declined due to higher raw material prices and other factors. As a result, revenue was ¥7,061 million, compared with ¥5,528 million in the previous fiscal year, and segment profit was ¥164 million, compared with ¥556 million in the previous fiscal year.」

「In the preform business, revenue increased from the same quarter of the previous year due in part to higher sales volumes of preforms for beverages, but profit declined due to higher raw material prices and other factors. As a result, revenue for the first 3 quarters of the fiscal year was ¥5,295 million, compared with ¥4,021 million in the same period of the previous year, and segment profit was ¥212 million, compared with ¥279 million in the same period of the previous year.」

「In the preform business, revenue increased from the same quarter of the previous year due in part to higher sales volumes of preforms for beverages, but profit declined due to higher raw material prices and other factors. As a result, revenue for the first 2 quarters of the fiscal year was ¥2,931 million, compared with ¥2,259 million in the same period of the previous year, and segment profit was ¥32 million, compared with ¥42 million in the same period of the previous year.」

「In the preform business, material costs increased due to the use of recycled materials and surging crude oil prices, but revenue increased from the same quarter of the previous year due in part to higher sales volumes of preforms for beverages, and the loss narrowed slightly. As a result, revenue for the first quarter of the fiscal year was ¥1,210 million, compared with ¥917 million in the same period of the previous year, and the segment loss was ¥25 million, compared with a segment loss of ¥27 million in the same period of the previous year.」

「In the preform business, performance deteriorated in the previous fiscal year due to the temporary suspension of operations at 4 plants in China, requests to refrain from going out and other effects of the COVID-19 pandemic. In the current fiscal year, sales volumes of preforms for beverages remained firm, resulting in higher revenue and profit. Revenue was ¥5,528 million, up 11.9% year on year, and segment profit was ¥556 million, up 127.1% year on year.」

「In the preform business, performance deteriorated in the same quarter of the previous year due to the temporary suspension of operations at 4 plants in China, requests to refrain from going out and other effects of the COVID-19 pandemic. In the current quarter, sales volumes of preforms for beverages remained firm, resulting in higher revenue and profit than in the same quarter of the previous year. Revenue for the first 3 quarters of the fiscal year was ¥4,021 million, up 14.3% year on year, and segment profit was ¥279 million, up 85.7% year on year.」

「In the preform business, performance deteriorated in the same quarter of the previous year due to the temporary suspension of operations at 4 plants in China, requests to refrain from going out and other effects of the COVID-19 pandemic. In the current quarter, however, revenue increased from the same quarter of the previous year and the business returned to profitability, mainly because sales volumes of preforms for beverages increased in the Chinese market. Revenue for the first 2 quarters of the fiscal year was ¥2,259 million, up 10.7% year on year, and segment profit was ¥42 million, compared with a loss of ¥26 million in the same period of the previous year.」

「In the preform business, sales volumes of preforms for beverages declined due to the impact of the COVID-19 pandemic, resulting in lower revenue than in the same quarter of the previous year, but the loss narrowed as a result of fixed-cost reductions, improved production efficiency and other measures. As a result, revenue for the first quarter of the fiscal year was ¥917 million, down 17.2% year on year, and the segment loss was ¥27 million, compared with a segment loss of ¥41 million in the same period of the previous year.」

「In the preform business, sales volumes of preforms for beverages declined due to the temporary suspension of operations at 4 plants in China, requests to refrain from going out and other effects of the COVID-19 pandemic, as well as the prolonged rainy season, resulting in lower revenue. However, profit increased as a result of efforts to improve production efficiency. Revenue was ¥4,940 million, down 10.5% year on year, while segment profit was ¥245 million, up 53.8% year on year.」

「In the preform business, sales volumes of preforms for beverages declined due to the temporary suspension of operations at 4 plants in China, requests to refrain from going out and other effects of the COVID-19 pandemic, as well as the prolonged rainy season. Revenue therefore declined from the same quarter of the previous year, but profit increased as a result of efforts to improve production efficiency. Revenue for the first 3 quarters of the fiscal year was ¥3,519 million, down 16.0% year on year, and segment profit was ¥150 million, up 56.7% year on year.」

「In the preform business, 4 plants in China temporarily suspended operations in accordance with local government policy, while sales volumes of preforms for beverages declined due to requests to refrain from going out. As a result, revenue declined from the same quarter of the previous year, and the loss widened despite efforts to improve production efficiency. Revenue for the first 2 quarters of the fiscal year was ¥2,041 million, down 31.5% year on year, and the segment loss was ¥26 million, compared with a loss of ¥395 thousand in the same period of the previous year.」

「In the preform business, revenue declined from the same quarter of the previous year due to lower sales volumes of preforms for beverages, but the loss narrowed as a result of improved production efficiency. As a result, revenue for the first quarter of the fiscal year was ¥1,107 million, down 17.5% year on year, and the segment loss was ¥41 million, compared with a loss of ¥72 million in the same period of the previous year.」

「In the preform business, sales volumes of preforms for beverages declined due to the prolonged rainy season and other factors, resulting in lower revenue, but profit increased as a result of efforts to improve productivity and reduce costs. As a result, revenue was ¥5,518 million, down 11.9% year on year, while segment profit was ¥159 million, up 6.5% year on year.」

「In the preform business, sales volumes of preforms for beverages declined due to the prolonged rainy season and other factors, resulting in lower revenue and profit. As a result, revenue for the first 3 quarters of the fiscal year was ¥4,187 million, down 7.9% year on year, and segment profit was ¥96 million, down 44.5% year on year.」

「In the preform business, revenue increased from the same quarter of the previous year, but the business posted a loss due to delays in passing higher manufacturing costs on to selling prices and higher logistics costs. As a result, revenue for the first 2 quarters of the fiscal year was ¥2,978 million, up 10.2% year on year, and the segment loss was ¥395 thousand, compared with a segment profit of ¥83 million in the same period of the previous year.」

「In the preform business, revenue increased from the same quarter of the previous year, but profit declined due to persistently high material prices and higher logistics costs. As a result, revenue for the first quarter of the fiscal year was ¥1,342 million, up 16.4% year on year, while the segment loss was ¥72 million, compared with a loss of ¥32 million in the same period of the previous year.」

「In the preform business, sales volumes of preforms for beverages increased as the record-breaking hot weather continued, resulting in higher revenue than in the same quarter of the previous year. As a result, revenue for the first 3 quarters of the fiscal year was ¥4,549 million, up 30.8% year on year, and segment profit was ¥173 million, compared with a profit of ¥3 million in the same period of the previous year.」

「In the preform business, amid challenging operating conditions including slowing economic growth in China, its main market, and rising material costs, we worked to acquire new customers and reduce fixed costs by reorganizing manufacturing bases. As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥2,702 million, up 26.9% year on year, and segment profit was ¥83 million, compared with a loss of ¥86 million in the same period of the previous year.」

「In the preform business, amid challenging operating conditions including slowing economic growth in China, its main market, and rising material costs, we worked to acquire new customers and reduce fixed costs by reorganizing manufacturing bases. As a result, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥1,153 million, up 23.1% year on year, and the segment loss was ¥32 million, compared with a loss of ¥92 million in the same period of the previous year.」

「In the preform business, sales volumes increased due in part to the acquisition of new customers, but profit declined as a result of higher raw material costs and other factors. As a result, revenue was ¥4,937 million, up 13.1% year on year, and segment profit was ¥37 million, down 38.5% year on year.」

「In the preform business, sales volumes increased due in part to the acquisition of new customers, resulting in higher revenue year on year. As a result, revenue for the cumulative third quarter of the current consolidated fiscal year was ¥3,478 million, up 9.8% year on year, and segment profit was ¥3 million, compared with a loss of ¥38 million in the same period of the previous year.」

「In the preform business, revenue declined year on year due in part to the decision, made during and after the previous consolidated fiscal year, to withdraw from the consolidated subsidiaries in China and Indonesia. As a result, revenue for the cumulative second quarter of the current consolidated fiscal year was ¥2,129 million, down 4.3% year on year, and the segment loss was ¥86 million, compared with a loss of ¥39 million in the same period of the previous year.」

「In the preform business, revenue declined year on year due in part to the decision during the previous consolidated fiscal year to withdraw from the consolidated subsidiaries in China and Indonesia. As a result, revenue for the cumulative first quarter of the current consolidated fiscal year was ¥936 million, down 10.2% year on year, and the segment loss was ¥92 million, compared with a loss of ¥69 million in the same period of the previous year.」

「Revenue was ¥4,365 million, down 20.5% year on year, while segment profit was ¥60 million, compared with a segment loss of ¥101 million in the same period of the previous year.」

「In the preform business, amid slowing economic growth in China and Indonesia, its main markets, we worked on cost structure reforms and improvements in production efficiency to revitalize the business.」

「In the preform business, amid slowing economic growth in China and Indonesia, its main markets, we worked on cost structure reforms and improvements in production efficiency to revitalize the business.」