Neturen : Financial Results Briefing for the Six Months Ended September 30, 2021
December 10, 2021 at 07:52 am
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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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Neturen Co. Ltd. published this content on 10 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 December 2021 07:51:02 UTC.
Neturen Co., Ltd. is a Japan-based company primarily engaged in the manufacture and sale of prestressed concrete(PC) steel bars, steel wires and induction heating equipment. The Company is also enagegd in the leasing of office buildings and other related research and development business. It has two business segments. The Product-related segment manufactures and sells PC steel bar-related products for civil engineering and construction works, and high-strength spring steel wire-related products for automobile and two-wheel vehicle suspension springs. The Induction Heating (IH)-related segment offers induction heating apparatus, construction machine parts, and automobile components, including hollow rack bars and worm wheels. This segment is also involved in the heat treatment and processing businesses. The Company is also engaged in the leasing of office buildings and others.
NETUREN CO., LTD. 
