Suzaki: It is time to commence the financial results briefing of HIROSE ELECTRIC CO., LTD.
Thank you very much for joining us today. Today's financial results briefing will be attended by Kamagata, Corporate Board Director, Group President, Administration Group, and myself, Suzaki, Manager, IR Office. I will serve as moderator. Thank you. We are holding the meeting online again this time.
Today, I will proceed with an explanation of the third quarter financial results based on the materials.
Kamagata, Corporate Board Director, Group President, Administration Group, will explain the annual results.
We will take your questions during the remaining time. The meeting is scheduled to close at 11:30 AM. We will appreciate your cooperation.
We will now proceed based on today's presentation materials.
First, please turn to page three.
This is the summary of the results.
As for the results for the third quarter, sales exceeded the previous second quarter and reached a new record high at JPY42.8 billion. This was due to an increase in sales of products for general industrial and smartphones, etcetera. I will explain the details by field later.
2
Orders received were down slightly more than JPY5 billion from JPY53.5 billion in the second quarter, resulting in JPY48.04 billion. The figure included a temporary increase in inventory for the second quarter, so we are aware that the level is being maintained while slowly declining.
Please turn to page four.
This is the quarterly trend of sales and profit. Sales for the third quarter were JPY42.82 billion, and operating profit was JPY11.23 billion, an increase in both sales and profit from the previous quarter and the same period last year. The operating profit ratio was 26.2% for the quarter.
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Please turn to page five.
This is the overview of the results. Cumulative sales for the third quarter totaled JPY122 billion, an increase of 23.9% YoY. Operating profit was JPY31.02 billion, up 46% YoY. The operating profit ratio was 25.4%.
Profit before income taxes was JPY32.17 billion and net profit was JPY23.79 billion.
The total asset balance, which I will show you later in the BS, is JPY373.57 billion. Shareholder's equity ratio is 87.7%. Earnings per share was JPY669.01.
In terms of currency exchange rates, the dollar was JPY111.1. The euro was at JPY130.62. The 100 won was JPY9.64.
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HRS - Hirose Electric Co. Ltd. published this content on 10 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 February 2022 09:10:04 UTC.
Hirose Electric Co Ltd is a Japan-based company mainly engaged in manufacture and sale of multi-pole connectors, coaxial connectors, and other electronic components. The Company operates through two business segments. The Multi-Pole Connector segment is engaged in the manufacture and sale of round connectors, square connectors, and connectors for printed wiring boards. The Coaxial Connector segment is engaged in the provision of coaxial connectors and optical connectors. It is also engaged in the manufacture and sale of electronic medical devices and micro switches.
HIROSE ELECTRIC CO.,LTD. 
