Results of Operations
for the Fiscal Year Ending March 31, 2022
C. Uyemura & Co., Ltd.
Standard Market of the Tokyo Stock Exchange（Stock Code：4966）
May 13, 2022
2022/5/13 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 1 |
Overview of Consolidated Financial Results
for the Fiscal Year Ending March 31, 2022
[Accounting period]
Japan (two companies): April - March / Overseas (10 companies): January - December
- Surface finishing materials business
- Both sales and segment profit increased year-over-year, driven by demand expansion for plating chemicals for packages, electronic devices related to high-speed communication, and semiconductor-related materials.
- Surface finishing machinery business
- Demand continued to rise with the increase of surface finishing equipment for IGBT semiconductors and for packages, and these fields are expected to increase in the future as well. Both sales and segment profit decreased year-over-year, heavily affected by a shortage of various electronic components and materials due to the COVID-19 pandemic. This trend is expected to continue toward the next fiscal year.
- Plating job business
- Plating job operations in Taiwan continued to show solid performance with the focus on surface finishing of packages. In Thailand and Indonesia, the number of automobile production is affected by challenging procurement of various parts due to the COVID-19 pandemic, and plating job operations for plastics also continued to face challenging business conditions. In addition, a paradigm shift in driving force from internal-combustion engine to electric motor is rapidly taking place in the automobile industry. Both sales and segment profit of the plating job business as a whole increased year-over-year, with strong sales in surface finishing of packages.
2022/5/13 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 2 |
FY3/22 Financial Results
Sales | Operating profit | Ordinary profit | |||||||||||||||||
Net income | |||||||||||||||||||
20,000 | |||||||||||||||||||
100,000 | 20,000 | 20,000 | |||||||||||||||||
72,303 | 13,947 | 14,606 | |||||||||||||||||
75,000 | 15,000 | 15,000 | 15,000 | ||||||||||||||||
55,947 | 9,490 | 9,920 | 9,681 | ||||||||||||||||
50,000 | 10,000 | 10,000 | 10,000 | ||||||||||||||||
7,128 | |||||||||||||||||||
25,000 | 5,000 | 5,000 | 5,000 | ||||||||||||||||
0 | 0 | 0 | 0 | ||||||||||||||||
FY21.3 | FY22.3 | ||||||||||||||||||
FY21.3 | FY22.3 | FY21.3 | FY22.3 | FY21.3 | FY22.3 |
Millions of yen | FY3/21 Results | FY3/22 | FY3/22 | YoY change | Vs. Initial forecast | ||
Forecast | Results | ||||||
Sales | 55,947 | 65,000 | 72,303 | ＋16,356 | ＋7,303 | ||
(＋29.2%) | (＋11.2%) | ||||||
Operating profit | 9,490 | 12,000 | 13,947 | ＋4,456 | ＋1,947 | ||
(＋47.0%) | (＋16.2%) | ||||||
Ordinary profit | 9,920 | 12,500 | 14,606 | ＋4,685 | ＋2,106 | ||
(＋47.2%) | (＋16.8%) | ||||||
Net income | 7,128 | 8,400 | 9,681 | ＋2,553 | ＋1,281 | ||
(＋35.8%) | (＋15.3%) | ||||||
Exchange rate: $US | 106.76yen | 109.05yen | 109.90yen | ＋3.14yen | ＋0.85yen | ||
2022/5/13 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 3 |
Changes in Operating profit
24,000
） | |
of yen | 20,000 |
Million（ | 16,000 |
profit | 12,000 |
Operating& | 8,000 |
Sales | 4,000 |
Sales | Operating profit | Operating profit margin | ||
30.0%
20,662
18,613 25.0%
17,266
14,140 15,486 15,760
14,869 | 20.0% |
14,018 | 19.8% | 21.1% | 18.4% | |||
12,572 | 13,017 | 19.3% 19.1% | ||||
12,301 | 17.8% | |||||
11,763 | 15.0% | |||||
15.7% 15.5% 14.4% 15.9% 13.1%
11.9%
10.0%
3,928 3,792
2,729 | 2,962 | 2,804 | 3,421 | 5.0% |
1,400 | 1,980 | 2,015 | 2,144 | 1,961 | 1,837 |
Operating profit margin（%）
0 | 0.0% | ||||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | ||
FY3/20 | FY3/21 | FY3/22 | |||||||||||
2022/5/13 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 4 |
Changes in Operating profit
Improvement in | Increase in | Millions of yen | ||||
SG&A | ||||||
Increase in gross the cost of | ||||||
expenses | Increase in | Effects of | ||||
profit due to | ||||||
sales ratio (Excluding R&D | Increase in | other operating | ||||
higher sales | foreign | |||||
expenses ) | R&D expenses | expenses | ||||
△ 240 | exchange rates | |||||
△ 872 | △ 144 | 605 | ||||
△ 509 | ||||||
5,617 | ||||||
13,947
9,490
＋¥ 4,457 million
FY3/21 | FY3/22 |
2022/5/13 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 5 |
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