Presentation: Results for the Fiscal Year Ended March 31, 2022

Presentation for the Fiscal Year Ended March 31, 2022

May 25, 2022

This datum is based on the data as of March 31, 2022. The opinion and forecast described here is based on our judgment at that time and may possibly be changed without notice.

1. Operation results for FY2022
2. FY2023 earning forecast
3. General Condition
4. Strengthen profit structure
5. The situation of focus markets(Auto, Medical, Standard products)
6. The background of choosing standard division
7. • Summary

1

1. Summary of Consolidated Financial Results for Fiscal Year Ended Mar 2022

					（Million yen）
		FY2021	FY2022	Change	Change Ratio
		Amount
Net Sales		19,539	21,722	2,182	11.2%
Operating
	176	148	(27)	(15.7%)
Income
(Margin)		0.9%	0.7%	-	-
Ordinary
	359	354	(4)	(1.2%)
Income
Net Income
	633	(82)	(715)	-
Attribute to owners
of parent
FY2021：	１US$＝106.2 JPY				2
FY2022：	１US$＝112.9 JPY

1. Highlight

• Net sales increased year on year due to a recovery in demand for automotive and medical applications compared to the previous fiscal year, when the impact of the Corona crisis was significant. However, opportunity losses were also incurred in automobile applications, affected by production cutbacks due to a shortage of semiconductors and parts.
• Operating income declined YoY due to the aforementioned opportunity loss and the recording of expenses associated with the relocation of a US subsidiary's plant, an increase in project start-up costs at a Mexican subsidiary, and utility costs such as raw materials and logistics.
• Ordinary income declined slightly year on year, despite foreign exchange gains.
• Net income fell sharply compared with the previous fiscal year, when the company recorded a gain on the sale of its California plant. This was mainly due to an extraordinary loss associated with the relocation of its U.S. subsidiary's Tennessee plant.

3

1. Quarterly Transition of Sales and Income(Consolidated)

（Million yen）	Net Sales(Left axis)	Operationg	Income(Right axis)				（Million yen）
6,000				5,457	5,666	5,439		5,540	500
	5,322	5,432	5,375	5,330	5,412
		5,150		316
				4,680
		122	146		156
		3,736		104
				66
				32		49
	27
3,000		(36)						(72)	0

(329)

0

-500

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4