TOKYO KEIKI : Financial Results Briefing for 2Q of the Fiscal Year Ended March 31, 2022 (Fiscal 2021)
January 06, 2022 at 02:08 am
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Financial Results Briefing for
2Q of the Fiscal Year Ended March 31, 2022 (Fiscal 2021)
－From April 1 to September 30, 2021－
November 9, 2021
The forward-looking statements contained in this material reflect the management's assumptions based on currently available information as of the date of announcement. Future changes in business environment and other factors may therefore cause differences with the actual situation.
Summary of Financial Results for 2Q of Fiscal 2021
Summary of 2Q Results
Sales were on par with the previous 2Q. Profits were up and returned to the black in 1H.
The Hydraulics and Pneumatics Business, which was significantly impacted by COVID-19 in the previous fiscal year, posted higher sales and profits year on year (however, the impacts of soaring raw materials prices resulted in a slower decline in operating loss compared to 1Q).
Full-YearForecast
The earnings forecast disclosed on May 14, 2021 remains unchanged, with both revenue and profits expected to increase year on year.
The impacts of soaring raw materials prices and delayed delivery of parts due to the semiconductor shortage at present has been reflected in the forecast.
Net sales were on par with the previous 2Q; P/L turned back to the black amid improvements in all profit indicators.
Net sales: The downturn in net sales of the Defense and Communications Equipment Business per the initial forecast was nearly offset by an increase in net sales of the Hydraulics and Pneumatics Business and the Fluid Measurement Equipment Business.
P/L: Profits increased on improving cost-of-sales ratio across all segments excluding other businesses.
Shifted to operating profit from operating loss in previous 2Q.
Cost-of-salesratio improved on the more favorable product mix in the Defense and Communications Equipment Business and higher productivity due to increased production volume in the Hydraulic and Pneumatics Business despite the impacts of soaring raw materials prices on the Hydraulics and Pneumatics Business.
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Tokyo Keiki Inc. published this content on 06 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 January 2022 02:07:01 UTC.
TOKYO KEIKI INC. is a Japan-based company mainly engaged in the manufacture, sale and maintenance of hydraulic and pneumatic equipment, defense and communication equipment. It has four business segments. Defense and Communications Equipment business manufactures, sells and repairs defense equipment, marine transportation system equipment, road and tunnel measurement and automatic control equipment, and parts. Hydraulic and Pneumatic Equipment business manufactures, sells and repairs hydraulic and pneumatic equipment and parts. Port and Harbor Equipment business manufactures, sells and repairs marine equipment, adjusts charges, manages sales, and arranges after-sales services. Fluid Equipment business manufactures, sells, and repairs fluid measurement equipment and fire extinguishing equipment. It is engaged in the manufacture, sale and inspection of inspection equipment, as well as products packing, information processing business, software development, and factoring business.
TOKYO KEIKI INC. 
