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Financial Results for 1st Quaeter of Fiscal Year Ending March 31, 2023.

 

Operating Results

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Net Sales

Operating Profit

Ordinary Profit

Profit Attributable to Owners of Parent

Exchange Rate (USD/JPY)

1Q
2022/3

111.4

13.9

15.2

12.3

110

1Q
2023/3

128.0

13.0

15.4

8.9

130

Change

+ 16.6

- 1.0

+ 0.2

- 3.4

Rate of Change

+ 14.9%

- 6.8%

+ 1.4%

- 27.5%

In the 1st Quarter Consolidated Financial for the Year Ending March 31, 2023, the global economy remained uncertain and has been affected by a decline in automobile production from the shortage of semiconductors and the lockdown of cities in China by due to COVID-19, soaring raw material and fuel price and global inflation affected by the prolonged Russia’s prolonged military invasion of Ukraine etc. and logistics disruption although economic stagnation caused by the spread of COVID-19 has been recovering to some extent.
Amid such circumstances, net sales increased because of aggressive efforts to correct prices corresponding to rising raw material prices and the effects of foreign exchange rates, although the sales volume of some products decreased because of the impact of the lockdown in China and the curtailment of auto production due to a shortage of components such as semiconductors.
Operating profit decreased because of rising raw materials, fuel and distribution costs as well as the impact of the lockdown in China, despite some effects of foreign exchange rates

 

Net Sales by Segment

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Medical /
Healthcare

Smart

Safety

Materials

Engineering Plastics

Others

Total

1Q
2022/3

4.8

8.0

16.3

28.3

51.5

2.6

111.4

1Q
2023/3

5.4

9.6

17.8

34.7

58.7

1.8

128.0

Change

+ 0.6

+ 1.6

+ 1.5

+ 6.4

+ 7.3

- 0.7

+ 16.6

Rate of Change

+ 13.1%

+ 19.7%

+ 9.4%

+ 22.5%

+ 14.1%

- 29.3%

+ 14.9%

 

Operating Profit by Segment

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Medical /
Healthcare

Smart

Safety

Materials

Engineering Plastics

Others

Total

1Q
2022/3

0.6

1.5

- 0.0

4.4

7.1

0.4

13.9

1Q
2023/3

0.7

1.1

- 0.4

4.9

6.6

0.1

13.0

Change

+ 0.1

- 0.4

- 0.3

+ 0.5

- 0.6

- 0.3

- 1.0

Rate of Change

+ 17.5%

- 24.1%

-

+ 11.0%

- 8.1%

- 72.7%

- 6.8%

 

Outlook

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Net Sales

Operating Profit

Ordinary Profit

Profit Attributable to Owners of Parent

Exchange Rate (USD/JPY)

2022/3
Results

467.9

50.7

57.3

31.3

112

2023/3
Forecast

540.0

46.5

48.5

37.0

115

Change

+ 72.1

- 4.2

- 8.8

+ 5.7

Rate of Change

+ 15.4%

- 8.3%

- 15.3%

+ 18.4%