C Uyemura : Results of Operations for the Fiscal Year Ending March 31, 2022

Results of Operations

for the Fiscal Year Ending March 31, 2022

C. Uyemura & Co., Ltd.

Standard Market of the Tokyo Stock Exchange（Stock Code：4966）

May 13, 2022

2022/5/13

© C. Uyemura & Co., Ltd. All Rights Reserved.

1

Overview of Consolidated Financial Results

for the Fiscal Year Ending March 31, 2022

[Accounting period]

Japan (two companies): April - March / Overseas (10 companies): January - December

• Surface finishing materials business
• • Both sales and segment profit increased year-over-year, driven by demand expansion for plating chemicals for packages, electronic devices related to high-speed communication, and semiconductor-related materials.
• Surface finishing machinery business
• • Demand continued to rise with the increase of surface finishing equipment for IGBT semiconductors and for packages, and these fields are expected to increase in the future as well. Both sales and segment profit decreased year-over-year, heavily affected by a shortage of various electronic components and materials due to the COVID-19 pandemic. This trend is expected to continue toward the next fiscal year.
• Plating job business
• • Plating job operations in Taiwan continued to show solid performance with the focus on surface finishing of packages. In Thailand and Indonesia, the number of automobile production is affected by challenging procurement of various parts due to the COVID-19 pandemic, and plating job operations for plastics also continued to face challenging business conditions. In addition, a paradigm shift in driving force from internal-combustion engine to electric motor is rapidly taking place in the automobile industry. Both sales and segment profit of the plating job business as a whole increased year-over-year, with strong sales in surface finishing of packages.

2022/5/13

© C. Uyemura & Co., Ltd. All Rights Reserved.

2

FY3/22 Financial Results

		Sales				Operating profit			Ordinary profit
								Net income
															20,000
100,000					20,000				20,000
		72,303			13,947			14,606
75,000			15,000			15,000					15,000
55,947			9,490		9,920					9,681
50,000					10,000		10,000			10,000
											7,128
25,000					5,000				5,000					5,000
0					0				0					0
											FY21.3	FY22.3
	FY21.3	FY22.3	FY21.3	FY22.3	FY21.3	FY22.3

	Millions of yen	FY3/21 Results	FY3/22	FY3/22	YoY change	Vs. Initial forecast
	Forecast	Results
	Sales	55,947	65,000	72,303	＋16,356	＋7,303
	(＋29.2%)	(＋11.2%)
	Operating profit	9,490	12,000	13,947	＋4,456	＋1,947
	(＋47.0%)	(＋16.2%)
	Ordinary profit	9,920	12,500	14,606	＋4,685	＋2,106
	(＋47.2%)	(＋16.8%)
	Net income	7,128	8,400	9,681	＋2,553	＋1,281
	(＋35.8%)	(＋15.3%)
	Exchange rate: $US	106.76yen	109.05yen	109.90yen	＋3.14yen	＋0.85yen
2022/5/13		© C. Uyemura & Co., Ltd. All Rights Reserved.		3

Changes in Operating profit

24,000

）
of yen	20,000
Million（	16,000
profit	12,000
Operating&	8,000
Sales	4,000

Sales		Operating profit		Operating profit margin

30.0%

20,662

18,613 25.0%

17,266

14,140 15,486 15,760

14,869

20.0%

			14,018	19.8%	21.1%	18.4%
12,572	13,017		19.3% 19.1%
12,301	17.8%
11,763						15.0%

15.7% 15.5% 14.4% 15.9% 13.1%

11.9%

10.0%

3,928 3,792

2,729	2,962	2,804	3,421	5.0%

1,400	1,980	2,015	2,144	1,961	1,837

Operating profit margin（%）

0

0.0%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

FY3/20

FY3/21

FY3/22

2022/5/13

© C. Uyemura & Co., Ltd. All Rights Reserved.

4

Changes in Operating profit

	Improvement in	Increase in				Millions of yen
	SG&A
Increase in gross the cost of
expenses		Increase in	Effects of
profit due to
sales ratio (Excluding R&D	Increase in	other operating
higher sales	foreign
	expenses )	R&D expenses	expenses
	△ 240	exchange rates
	△ 872	△ 144			605
			△ 509
5,617

13,947

9,490

＋¥ 4,457 million

FY3/21

FY3/22

2022/5/13

© C. Uyemura & Co., Ltd. All Rights Reserved.

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