Results of Operations
for the Third Quarter of the Fiscal Year Ending March 31, 2022
C. Uyemura & Co., Ltd.
Second Section of the Tokyo Stock Exchange（Stock Code：4966）
February 14, 2022
2022/2/10 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 1 |
Overview of Consolidated Financial Results
for the Third Quarter of the Fiscal Year Ending March 31, 2022
Period under review
In Japan (2 companies): April-December / Overseas (10 companies): January-September
- Surface finishing materials business
- Sales of mainstay plating chemicals for printed wiring boards (PWBs) and package PWBs remained strong, thanks to increased demand in the high-speed communication, semiconductor and automatic driver assistance system (ADAS) markets.
- Surface finishing machinery business
- Despite continued solid demand for plating systems for UBM (under-barrier metallization) package PWBs, automatic control and replenishment systems, and surface finishing equipment for components of EV, PHEV and HEV, sales and profit decreased year-over-year because of a shortage of materials and electronic components.
- Plating job business
- The business environment remained challenging due to the factors including declining demand for surface finishing of plastics for automotive exterior caused by the emergence of EVs, the shortage of semiconductors, and the shutdown of automotive component factories forced by the COVID-19 pandemic.
- Plating job operations for PWBs in Taiwan continued to show solid performance as our strategy of specializing on the prototype manufacturing paid off.
2022/2/10 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 2 |
Q3 FY3/22 Financial Results
Operating profit | Ordinary profit | ||||||||||||||||||||||||
Millions of yen | Sales | Millions of yen | Millions of yen | Net income | |||||||||||||||||||||
Millions of yen | |||||||||||||||||||||||||
60,000 | 12,000 | 12,000 | 12,000 | ||||||||||||||||||||||
51,641 | 10,154 | 10,555 | |||||||||||||||||||||||
40,000 | 40,460 | 8,000 | 8,000 | 8,000 | 7,302 | ||||||||||||||||||||
6,528 | 6,786 | ||||||||||||||||||||||||
4,916 | |||||||||||||||||||||||||
20,000 | 4,000 | 4,000 | 4,000 | ||||||||||||||||||||||
0 | 0 | 0 | 0 | ||||||||||||||||||||||
Q3 | Q3 | ||||||||||||||||||||||||
Q3 | Q3 | Q3 | Q3 | Q3 | Q3 | ||||||||||||||||||||
FY3/21 | FY3/22 | FY3/21 | FY3/22 | FY3/21 | FY3/22 | FY3/21 | FY3/22 | ||||||||||||||||||
Millions of yen | Q3 FY3/21 | Q3 FY3/22 | Change | Percentage change | |||||||||||||||||||||
Results | Results | ||||||||||||||||||||||||
Sales | 40,460 | 51,641 | +11,181 | +27.6% | |||||||||||||||||||||
Operating profit | 6,528 | 10,154 | +3,626 | +55.5% | |||||||||||||||||||||
Ordinary profit | 6,786 | 10,555 | +3,769 | +55.5% | |||||||||||||||||||||
Net income | 4,916 | 7,302 | +2,386 | +48.5% | |||||||||||||||||||||
Exchange rate: $US | 107.55 yen | 108.58 yen | -1.03 yen | ||||||||||||||||||||||
2022/2/10 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 3 |
Quarterly Results
Sales & Operating profit（Millions of yen）
20,000
16,000
12,000
8,000
4,000
0
Sales | Operating profit | Operating profit margin | ||
30.0% | |||||||||
18,613 | |||||||||
17,267 | |||||||||
14,869 | 15,486 | 15,760 | 25.0% | ||||||
14,140 | |||||||||
14,018 | |||||||||
12,572 | 13,017 | 19.1% | 19.8% | 21.1% | |||||
12,301 | 20.0% | ||||||||
11,763 | |||||||||
15.7% | 15.5% | 19.3% | 17.8% | ||||||
15.9% | |||||||||
15.0% | |||||||||
14.4% | 13.1% | ||||||||
11.9% | |||||||||
10.0% |
3,928 | |||
2,729 | 2,962 | 2,804 | 3,422 |
5.0% |
1,980 | 2,015 | 2,144 | 1,961 | 1,837 |
1,400 |
0.0%
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 |
FY3/20 | FY3/21 | FY3/22 |
Operating profit margin（%）
2022/2/10 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 4 |
Changes in Operating profit
Improvement | |
Increase in gross | in the cost of |
profit due to | sales ratio |
higher sales | 446 |
3,798
Increase in | Millions of yen | ||||
SG&A expenses | |||||
(Excluding R & D | Increase in | Increase in | Effects of | ||
expenses ) | other operating | foreign | |||
R&D expenses | |||||
expenses | exchange rates | ||||
△550 | |||||
△68 | |||||
△362 | 362 | ||||
10,154
6,528
+¥ 3,626 million
Q3 | Q3 |
FY3/21 | FY3/22 |
2022/2/10 | © C. Uyemura & Co., Ltd. All Rights Reserved. | 5 |
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