During fiscal 2019, the year ended March 31, 2020, the Japanese economy remained sluggish, mainly in manufacturing, as global economic conditions deteriorated due to U.S.-China trade friction. Along with this, the global economic outlook became increasingly uncertain toward the fiscal year-end as a result of the spread of COVID-19.
Of the company’s main customers, semiconductor-related businesses made firm investments. However, customers in other sectors kept a cautious stance toward investment, showing signs of postponing or reviewing capital expenditures.
In this environment, the Company worked on strengthening the customization capabilities of its environmental test chambers, targeting the automotive and IoT-related markets, and on increasing sales of energy device products. The Company also focused on expanding sales in overseas markets, positioning Europe and ASEAN as key expansion regions.
Consolidated financial results for fiscal 2019 were as follows: orders-received was ¥43,571 million and net sales were ¥42,443 million. On the earnings front, operating income amounted to ¥3,742 million, mainly due to a decrease in net sales and a deteriorating cost of sales ratio. Profit attributable to owners of parent was ¥2,818 million. The impact of the COVID-19 pandemic on results was negligible.
Financial Highlights (Consolidated)
|Orders-received||(Millions of Yen)||39,903||40,289||44,775||50,698||48,008||43,571|
|Net sales||(Millions of Yen)||39,035||39,507||44,069||50,580||47,060||42,443|
|Operating income||(Millions of Yen)||3,521||3,243||4,602||5,827||5,470||3,742|
|Ordinary income||(Millions of Yen)||3,570||3,171||4,746||5,851||5,493||3,933|
|Profit attributable to owners of parent||(Millions of Yen)||2,410||2,233||3,308||4,289||4,030||2,818|
|Total assets||(Millions of Yen)||48,045||49,044||54,588||57,359||-||57,461|
|Net assets||(Millions of Yen)||35,633||37,049||39,943||42,088||-||42,731|
|Earnings per share||(Yen)||104.75||97.85||144.76||187.65||176.32||123.26|
|Book value per share||(Yen)||1,564.55||1,621.00||1,747.46||1,841.30||-||1,868.77|
|Return on assets||(%)||7.5||6.5||9.2||10.5||9.9||6.9|
|Return on equity||(%)||6.8||6.1||8.6||10.5||9.9||6.6|
|Shareholders' equity ratio||(%)||74.2||75.5||73.2||73.4||-||74.4|
Profit attributable to owners of parent
Total assets / Net assets
Earnings per share
Book value per share
Return on assets
Return on equity
Shareholders' equity ratio