Results of Operations

for the Second Quarter of the Fiscal Year Ending March 31, 2022

C. Uyemura & Co., Ltd.

Second Section of the Tokyo Stock Exchange(Stock Code:4966)

November 30, 2021

2021/11/30

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

1

Overview of Consolidated Financial Results

for the Second Quarter of the Fiscal Year Ending March 31, 2022

Period under review

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

  • Surface finishing materials business
    • Sales of mainstay plating chemicals for printed wiring boards (PWBs) and package PWBs remained strong, thanks to an increase in 5G and semiconductor market demand.
  • Surface finishing machinery business
    • Sales of general-purpose surface finishing machinery declined although demand for semiconductors and electronic components remained firm.
  • Plating job business
    • The business environment remained challenging with the persistent slowdown of the automotive industry in Thailand and Indonesia due to the spread of COVID-19.
    • Plating job operations for PWBs in Taiwan continued to show strong performance.

2021/11/30

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

2

Q2 FY3/22 Financial Results

Sales

Operating profit

Ordinary profit

Net income

Millions of yen

Millions of yen

Millions of yen

Millions of yen

40,000

8,000

8,000

8,000

33,027

6,226

6,559

30,000

26,319

6,000

6,000

6,000

4,003

4,543

20,000

4,000

3,799

4,000

4,000

2,920

10,000

2,000

2,000

2,000

0

0

0

0

Q2

Q2

Q2

Q2

Q2

Q2

Q2

Q2

FY3/21

FY3/22

FY3/21

FY3/22

FY3/21

FY3/22

FY3/21

FY3/22

Millions of yen

Q2 FY3/21

Q2 FY3/22

Q2 FY3/22

YoY change

Vs. Initial

Results

Forecast

Results

forecast

Sales

26,319

25,700

33,027

+6,708

+7,327

(+25.5%)

(+28.5%)

Operating profit

3,799

4,000

6,226

+2,427

+2,226

(+63.9%)

(+55.7%)

Ordinary profit

4,003

4,100

6,559

+2,556

+2,459

(+63.9%)

(+60.0%)

Net income

2,920

3,000

4,543

+1,623

+1,543

(+55.6%)

(+51.4%)

Exchange rate: $US

108.23 yen

107.94 yen

107.82 yen

+0.41 yen

+0.12 yen

2021/11/30

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

3

Quarterly Results

20,000

yen)

16,000

Million of

12,000

profit(

Operating&

8,000

Sales

4,000

0

Sales

Operating profit

Operating profit margin

30.0%

17,267

14,869

15,486

15,760

25.0%

14,140

14,018

12,572

13,017

12,301

19.1%

19.8%

20.0%

11,763

15.7%

15.5%

19.3%

15.9%

17.8%

15.0%

14.4%

13.1%

11.9%

10.0%

2,729

2,962

2,804

3,422

5.0%

1,980

2,015

2,144

1,961

1,837

1,400

0.0%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

FY3/20

FY3/21

FY3/22

Operating profit margin(%)

2021/11/30

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

4

Changes in Operating profit

Improvement in the cost of sales ratio

Increase in gross

profit due to 664 higher sales

2,178

3,799

Millions of yen

Increase in

Decrease in

Effects of

SG&A expenses

Increase in

other operating

foreign

-416

R&D expenses

expenses

exchange rates

237

-204

-32

6,226

+¥2,427 million

Q2

Q2

FY3/21

FY3/22

2021/11/30

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

5

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C.Uyemura & Co. Ltd. published this content on 20 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2021 01:29:07 UTC.