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

Results of Operations

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

C. Uyemura & Co., Ltd.

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

February 14, 2022

2022/2/10

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

1

Overview of Consolidated Financial Results

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

Period under review

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

• Surface finishing materials business
• • Sales of mainstay plating chemicals for printed wiring boards (PWBs) and package PWBs remained strong, thanks to increased demand in the high-speed communication, semiconductor and automatic driver assistance system (ADAS) markets.
• Surface finishing machinery business
• • Despite continued solid demand for plating systems for UBM (under-barrier metallization) package PWBs, automatic control and replenishment systems, and surface finishing equipment for components of EV, PHEV and HEV, sales and profit decreased year-over-year because of a shortage of materials and electronic components.
• Plating job business
• • The business environment remained challenging due to the factors including declining demand for surface finishing of plastics for automotive exterior caused by the emergence of EVs, the shortage of semiconductors, and the shutdown of automotive component factories forced by the COVID-19 pandemic.
  • Plating job operations for PWBs in Taiwan continued to show solid performance as our strategy of specializing on the prototype manufacturing paid off.

2022/2/10

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

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Q3 FY3/22 Financial Results

									Operating profit				Ordinary profit
	Millions of yen	Sales		Millions of yen		Millions of yen			Net income
												Millions of yen
60,000						12,000						12,000						12,000
		51,641				10,154					10,555
40,000	40,460				8,000						8,000						8,000			7,302
					6,528				6,786
																				4,916
20,000						4,000						4,000						4,000
0						0						0						0
															Q3	Q3
		Q3		Q3		Q3	Q3		Q3	Q3
		FY3/21	FY3/22		FY3/21	FY3/22		FY3/21	FY3/22	FY3/21	FY3/22
	Millions of yen	Q3 FY3/21				Q3 FY3/22		Change	Percentage change
	Results				Results
		Sales				40,460			51,641		+11,181			+27.6%
	Operating profit	6,528			10,154		+3,626			+55.5%
	Ordinary profit	6,786			10,555		+3,769			+55.5%
	Net income	4,916			7,302		+2,386			+48.5%
	Exchange rate: $US		107.55 yen			108.58 yen		-1.03 yen
2022/2/10							© C. Uyemura & Co., Ltd. All Rights Reserved.						3

Quarterly Results

Sales & Operating profit（Millions of yen）

20,000

16,000

12,000

8,000

4,000

0

Sales		Operating profit		Operating profit margin

									30.0%
								18,613
								17,267
			14,869		15,486	15,760	25.0%
				14,140
				14,018
12,572	13,017				19.1%	19.8%	21.1%
	12,301		20.0%
11,763
15.7%	15.5%			19.3%		17.8%
15.9%
									15.0%
				14.4%	13.1%
11.9%
									10.0%

			3,928
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	Q3
	FY3/20			FY3/21			FY3/22

Operating profit margin（%）

2022/2/10

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

4

Changes in Operating profit

	Improvement
Increase in gross	in the cost of
profit due to	sales ratio
higher sales	446

3,798

	Increase in				Millions of yen
SG&A expenses
(Excluding R & D	Increase in	Increase in	Effects of
	expenses )	other operating	foreign
	R&D expenses
		expenses	exchange rates
	△550
	△68
		△362		362

10,154

6,528

+¥ 3,626 million

Q3	Q3
FY3/21	FY3/22

2022/2/10

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

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