Results of Operations
for the First Quarter of the Fiscal Year Ending March 31, 2023
C. Uyemura & Co., Ltd.
Standard Market of the Tokyo Stock Exchange（Stock Code：4966）
August 8, 2022
2022/8/8 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 1 |
Overview of Consolidated Financial Results
for the First Quarter of the Fiscal Year Ending March 31, 2023
Period under review
In Japan (2 companies): April-June / Overseas (10 companies): January-March
- Surface finishing materials business
- Both segment sales and profit of mainstay plating chemicals for package PWBs saw year-over-year increases thanks to an increase in demand in the high-speed communication market and semiconductor market.
- Surface finishing machinery business
- Segment sales of the surface finishing machinery business increased year-over-year thanks to the strong demands for the surface finishing machineries for semiconductors and electronic components especially in Taiwan market. However, segment profit decreased year-over-year due to the soaring prices of various components used to manufacture the surface finishing machineries such as resin plates, electronic components, and filters.
- Plating job business
- While Taiwan showed a strong performance, the business environment remained challenging for automotive industries in Thailand and Indonesia. This is due to the persistent production adjustments of various automobile manufacturers resulting from the impacts of COVID-19 and also the soaring prices of raw materials such as non-ferrous metals and others.
2022/8/8 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 2 |
Q1 FY3/23 Financial Results
Sales | Operating profit | Ordinary profit | ||||||||||||||||||||||
Millions of yen | Millions of yen | Millions of yen | Net income | |||||||||||||||||||||
Millions of yen | ||||||||||||||||||||||||
25,000 | 5,000 | 5,000 | 5,000 | |||||||||||||||||||||
20,187 | 3,866 | 4,294 | ||||||||||||||||||||||
20,000 | 4,000 | 4,000 | 4,000 | 3,663 | ||||||||||||||||||||
15,760 | 3,022 | |||||||||||||||||||||||
15,000 | 3,000 | 2,804 | 3,000 | 3,000 | ||||||||||||||||||||
2,118 | ||||||||||||||||||||||||
10,000 | 2,000 | 2,000 | 2,000 | |||||||||||||||||||||
5,000 | 1,000 | 1,000 | 1,000 | |||||||||||||||||||||
0 | 0 | 0 | 0 | |||||||||||||||||||||
Q1 | Q1 | Q1 | Q1 | |||||||||||||||||||||
Q1 | Q1 | Q1 | Q1 | |||||||||||||||||||||
FY3/22 | FY3/23 | FY3/22 | FY3/23 | FY3/22 | FY3/23 | FY3/22 | FY3/23 | |||||||||||||||||
Millions of yen | Q1 FY3/22 | Q1 FY3/23 | Change | Percentage | ||||||||||||||||||||
Results | Results | change | ||||||||||||||||||||||
Sales | 15,760 | 20,187 | +4,427 | +28.1% | ||||||||||||||||||||
Operating profit | 2,804 | 3,866 | +1,062 | +37.9% | ||||||||||||||||||||
Ordinary profit | 3,022 | 4,294 | +1,272 | +42.1% | ||||||||||||||||||||
Net income | 2,118 | 3,663 | +1,545 | +72.9% | ||||||||||||||||||||
Exchange rate: $US | 106.09 yen | 116.34 yen | +10.25 yen | |||||||||||||||||||||
2022/8/8 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 3 |
Quarterly Results
Sales & Operating profit（Millions of yen）
24,000
20,000
16,000
12,000
8,000
4,000
0
Sales | Operating profit | Operating profit margin | ||
30.0%
20,662 | 20,187 | |||||
18,613 | 25.0% | |||||
17,266 | 21.1% | |||||
15,760 | ||||||
15,486 | 20.0% | |||||
14,018 | 14,140 | 19.8% | 19.2% | |||
19.3% | 19.1% | |||||
12,301 | 17.8% | 18.4% | ||||
15.9% | 15.0% | |||||
13.1% |
10.0% | ||||||||||
3,421 | 3,928 | 3,792 | 3,866 | |||||||
2,962 | 2,804 | 5.0% | ||||||||
1,961 | 1,837 | 2,729 | ||||||||
0.0% | ||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | ||
FY3/21 | FY3/22 | FY3/23 | ||||||||
Operating profit margin（%）
2022/8/8 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 4 |
Changes in Operating profit
Increase in
Deterioration | Increase in | ||||
gross profit | SG&A expenses | ||||
in the cost of | |||||
due to higher | Increase in | ||||
sales ratio | (Excluding R & D | ||||
sales | expenses ) Increase in | other | |||
△173 | R&D | operating | |||
△231 | expenses | expenses | |||
△37 | |||||
△213 | |||||
1,504 |
2,804
+¥ 1,062 million
Millions of yen
Effects of
foreign
exchange
rates
212
3,866
Q1 | Q1 |
FY3/22 | FY3/23 |
2022/8/8 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 5 |
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