In this briefing session material, "AP" denotes asphalt plants and "BP" denotes concrete plants of our business.

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I would like to explain the good points till the third quarter of the current fiscal year and the matters whose progress was lacking.

Both sales and profits have grown through the third quarter. Net sales rose 10.3% compared with the same period a year earlier and we were also able to secure enough profits for operating income to offset the significant rise in costs of raw materials such as steel.

Among the segments, BP, or the batching plant business, in particular has been very strong in the current fiscal year. On the other hand, new orders received have been a little slow during the period. Due to this, order backlog has declined compared with the same period a year earlier.

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Here are the highlights of the financial results.

Sales increased 10% compared with the same period a year earlier to 27.165 billion yen and operating income rose 13.6% to 1.027 billion yen. Net income declined compared with the same period a year earlier and this was because of a special factor in the previous fiscal year.

  • New orders received declined 747 million yen compared with the same period a year earlier to 28.146 billion yen. As for the business climate for asphalt, mixture shipment volume was at a similar level to the previous year. Ready‐mixed concrete shipment declined 2.6% compared with the same period a year earlier. All companies have raised the price of ready‐mixed concrete and our customers' performance has been steady.

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NIKKO Co. Ltd. published this content on 17 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2022 10:40:05 UTC.