Financial & ESG Information

Regarding revenue during the period, revenue from high-frequency modules and multilayer resin substrates used in smartphones decreased during the period. In contrast, revenue from multilayer ceramic capacitors (MLCCs) increased across a wide range of applications, mainly servers, and revenue from inductors for smartphones and mobility as well as EMI filters for servers and mobility increased. As a result, revenue increased by 5.0% year on year to 1,830.9 billion yen, despite the impact of foreign currency fluctuations (appreciation of the yen by 1.79 yen year on year).
Looking at profits, operating profit was 281.8 billion yen, up 0.8% year on year; profit before tax was 308.6 billion yen, up 1.4% year on year; and profit attributable to owners of parent came to 233.9 billion yen, up 0.0% year on year. This was due to profit‑increasing factors such as gains from a higher operation rate resulting from an increase in production output and cost reduction, despite a fall in product selling prices and impairment losses on goodwill in business related to SAW filter products. 

Total assets at the end of the period increased by 170.9 billion yen from the end of the previous fiscal year to 3,199.1billion yen mainly due to increases in property, plant and equipment and inventories, despite decreases in goodwill and other financial assets.
Total liabilities increased by 33.1 billion yen from the end of the previous fiscal year to 481.3 billion yen mainly due to increases in income taxes payable and trade payables, despite a decrease in lease liabilities.Total equity increased by 137.8 billion yen from the end of the previous fiscal year to 2,717.8 billion yen, mainly due to increases in retained earnings and other components of equity, despite an increase in treasury shares. The ratio of equity attributable to owners of parent down by 0.2 points from the end of the previous fiscal year to 85.0 %.Return on invested capital (ROIC) (after-tax basis) during the period was 9.8%, a year-on-year decrease of 0.3 percentage points, due to the increase in invested capital, including tangible fixed cost.