Organo : Report on the Financial Report for Fiscal Year Ended March 31, 2021 (1,000KB) (PDF)

Financial Report for Fiscal

Year Ended March 31, 2021

May 17, 2021

1

Contents

1. FY ended 03/2021 Results
2. FY ending 03/2022 Plan
3. Medium-termManagement Plan
4. Company Overview

2

Contents

1. FY ended 03/2021 Results
2. FY ending 03/2022 Plan
3. Medium-termManagement Plan
4. Company Overview

3

Overview of FY ended 03/2021 Results

■Despite a decrease in orders, the planned target for sales was achieved and operating income was on par with the previous year due to a decrease in SG&A expenses.

• Water Treatment Engineering sales were strong despite a decline in orders, and profits improved due to cost reductions and lower SG&A expenses.
• While Performance Products fell short of the planned target for sales, the business secured the same level as the previous fiscal year, and profit improved due to reduced costs.

(Unit: Million JPY)

Orders			Sales			Operating Income
■ Water Treatment Engineering		■ Performance Products

104,986		100,000	96,515	100,638	100,000	9,908	9,579
	94,563
18,510		19,000	18,593	18,213	19,000	986	1,113
	18,336			7,200
								1,000
86,475	76,227	81,000	77,921	82,424	81,000	8,921	8,466
							6,200
03/2020	03/2021	03/2021	03/2020	03/2021	03/2021	03/2020	03/2021	03/2021
Actual	Actual	Plan	Actual	Actual	Plan	Actual	Actual	Plan
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FY ended 03/2021: Impact of Spread of COVID-19 Infection

				• Although sales activities were slightly affected by
				restrictions on movement and other factors, the impact of
		Electric Power/Water		the coronavirus pandemic on both orders and sales was
			modest. Sales, particularly of domestic service solutions,
		Supply and Sewage
		Mostly	were firm.
			• Orders and sales were generally at the same level as the
			unaffected
			previous fiscal year.
				• Capital investment and production levels have been very
				active due to increased demand for semiconductors for
	Water			smartphones, computers, and data centers driven by the
	Treatment	Electronics Industry		expansion of telework and online education and
		entertainment. The surge in demand is also attributable
	Engineering
		Market	to the global shortage of semiconductor supply caused
			strong	by the semiconductor friction between the U.S. and
				China, and accidents at production plants.
				• Orders decreased significantly due to the continued
				suppression or postponement of large-scale capital
				investments in Japan and overseas. Service solutions
		General Industry		were relatively strong in peripheral fields of the
			electronics industry, such as electronic parts and
			Capital	chemicals, but were affected by lower production levels
			investment	in some fields, such as automobiles, food service, and
			stagnant	cosmetics.
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