C Uyemura : Results of Operations for the First Quarter of the Fiscal Year Ending March 31, 2023

Results of Operations

for the First Quarter of the Fiscal Year Ending March 31, 2023

C. Uyemura & Co., Ltd.

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

August 8, 2022

2022/8/8

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

1

Overview of Consolidated Financial Results

for the First Quarter of the Fiscal Year Ending March 31, 2023

Period under review

In Japan (2 companies): April-June / Overseas (10 companies): January-March

• Surface finishing materials business
• • Both segment sales and profit of mainstay plating chemicals for package PWBs saw year-over-year increases thanks to an increase in demand in the high-speed communication market and semiconductor market.
• Surface finishing machinery business
• • Segment sales of the surface finishing machinery business increased year-over-year thanks to the strong demands for the surface finishing machineries for semiconductors and electronic components especially in Taiwan market. However, segment profit decreased year-over-year due to the soaring prices of various components used to manufacture the surface finishing machineries such as resin plates, electronic components, and filters.
• Plating job business
• • While Taiwan showed a strong performance, the business environment remained challenging for automotive industries in Thailand and Indonesia. This is due to the persistent production adjustments of various automobile manufacturers resulting from the impacts of COVID-19 and also the soaring prices of raw materials such as non-ferrous metals and others.

2022/8/8

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

2

Q1 FY3/23 Financial Results

			Sales						Operating profit			Ordinary profit
	Millions of yen			Millions of yen	Millions of yen			Net income
										Millions of yen
25,000					5,000						5,000						5,000
		20,187					3,866				4,294
20,000				4,000				4,000						4,000			3,663
15,760								3,022
15,000					3,000		2,804			3,000				3,000
														2,118
10,000					2,000						2,000						2,000
5,000					1,000						1,000						1,000
0					0						0						0
Q1	Q1											Q1	Q1
				Q1	Q1		Q1	Q1
		FY3/22	FY3/23			FY3/22	FY3/23		FY3/22	FY3/23	FY3/22	FY3/23
	Millions of yen	Q1 FY3/22			Q1 FY3/23		Change	Percentage
		Results			Results			change
		Sales				15,760		20,187		+4,427			+28.1%
	Operating profit		2,804		3,866		+1,062			+37.9%
	Ordinary profit		3,022		4,294		+1,272			+42.1%
	Net income		2,118		3,663		+1,545			+72.9%
	Exchange rate: $US		106.09 yen		116.34 yen		+10.25 yen
2022/8/8							© C. Uyemura & Co., Ltd. All Rights Reserved.						3

Quarterly Results

Sales & Operating profit（Millions of yen）

24,000

20,000

16,000

12,000

8,000

4,000

0

Sales		Operating profit		Operating profit margin

30.0%

					20,662	20,187
				18,613		25.0%
			17,266	21.1%
			15,760
		15,486			20.0%
14,018	14,140		19.8%			19.2%
	19.3%	19.1%
12,301		17.8%			18.4%
15.9%						15.0%
	13.1%

										10.0%
						3,421	3,928	3,792	3,866
				2,962	2,804	5.0%
1,961		1,837	2,729
										0.0%
Q1	Q2	Q3		Q4	Q1	Q2	Q3	Q4	Q1
		FY3/21				FY3/22			FY3/23

Operating profit margin（%）

2022/8/8

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

4

Changes in Operating profit

Increase in

	Deterioration	Increase in
gross profit	SG&A expenses
	in the cost of
due to higher				Increase in
	sales ratio	(Excluding R & D
sales	expenses ) Increase in	other
	△173			R&D	operating
		△231		expenses	expenses
				△37
				△213
1,504

2,804

+¥ 1,062 million

Millions of yen

Effects of

foreign

exchange

rates

212

3,866

Q1	Q1
FY3/22	FY3/23

2022/8/8

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

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