Financial Results Briefing for the Six Months Ended September 30, 2021
November 26, 2021
Neturen Co., Ltd.
Table of Contents
- Overview of Financial Results for the Six Months Ended September 30, 2021
II. Trends in Business Performance
III. Progress of 15th Medium-term(3 years) Management Plan
IV. Development and Launch of New Technologies and Products, and Development of Global Business
Note: The term "fiscal year" or "FY" in this material refers to the period from April 1 to March 31 of the following year, whereas the term "first half" or "1H" refers to the period from April 1 to September 30.
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- Overview of Financial Results for the Six Months Ended September 30, 2021
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1. Overview of Consolidated Financial Results for the Six Months Ended September 30, 2021
- Revenue and profit increased significantly year on year due to recovery from the economic stagnation in Japan and overseas, which was caused by the spread of COVID-19, and rapid recovery in the automobiles, machine tools and construction equipment industries.
- Secured profit that exceeded the upward revision announced on August 6, 2021. The expected full-year results will remain unchanged from those announced on August 6, 2021, despite uncertain future with automobile production cutbacks caused by the shortage of semiconductors, etc., recovery production,
soaring steel material prices, and other factors. | (Million yen) | |||||
FY2020 | FY2021 | Change | FY2021 ) | |||
Change | Full-year | |||||
1H | 1H | (%) | ||||
forecast | ||||||
Net sales | 18,367 | 24,390 | 6,022 | 32.8 | 51,500 | |
％ | ||||||
Operating income | (697) | 1,829 | 2,526 | - | 3,300 | |
Ordinary income | (447) | 2,146 | 2,593 | - | 3,700 | |
Profit attributable to | (653) | 1,357 | 2,010 | - | 2,400 | |
owners of parent | ||||||
(Note) The exchange rates for FY2021 Forecast: 1 RMB = 17.30 JPY, 1 USD = 111.92 JPY |
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2. Overview of Consolidated Financial Results for the Three Months (2Q) Ended September 30, 2021
- Overall, orders recovered steadily, and 2Q orders were significantly up year on year.
(Million yen) | |||||||||
FY2020 | FY2021 | YoY | Change from the | ||||||
previous quarter | |||||||||
2Q | 1Q | 2Q | Change | Change | Change | Change | |||
(%) | (%) | ||||||||
Specialty Steel and Wire | 5,585 | 7,007 | 7,338 | 1,753 | 31.4% | 331 | 4.7% | ||
Products Division | |||||||||
Induction Heating Division | 4,411 | 4,771 | 5,207 | 796 | 18.0% | 436 | 9.1% | ||
Others | 32 | 32 | 32 | (0) | (0.2) | % | 0 | 1.9 | % |
Net sales | 10,030 | 11,811 | 12,579 | 2,549 | 25.4% | 768 | 6.5% | ||
Specialty Steel and Wire | 126 | 394 | 296 | 170 | 135.6 | % | (97) | (24.7) | % |
Products Division | |||||||||
Induction Heating Division | (21) | 502 | 605 | 627 | - | 102 | 20.4% | ||
Others | 14 | 13 | 12 | (2) | (14.0) | % | (1) | (7.4) | % |
Operating income | 119 | 910 | 915 | 795 | 666.6% | 4 | 0.5% | ||
Ordinary income | 205 | 1,072 | 1,073 | 868 | 422.5% | 1 | 0.2% | ||
Profit attributable to owners of | 32 | 667 | 689 | 657 | 2,052.7% | 21 | 3.2% | ||
parent | |||||||||
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