TOKYO KEIKI : Financial Results Briefing for 3Q of the Fiscal Year Ended March 31, 2022 (Fiscal 2021)
March 22, 2022 at 04:40 am EDT
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Financial Results Briefing for
3Q of the Fiscal Year Ended March 31, 2022 (Fiscal 2021)
－From October 1 to December 31, 2021－
February 10, 2022
The forward-looking statements contained in this material reflect the management's assumptions based on currently available information as of the date of announcement. Future changes in business environment and other factors may therefore cause differences with the actual situation.
Summary of Financial Results for 3Q of Fiscal 2021
Summary of 3Q Results
Sales were on par with the previous 3Q and profits were up across all indicators.
The Hydraulics and Pneumatics Business, which was significantly impacted by the COVID-19 pandemic in the previous fiscal year, posted higher sales and profits year on year (the operating loss lessened compared to the first half).
Full-YearForecast
There was protracted production lead time caused by disruptions in the supply chain and deferral of planned public-sector projects, which is expected to cause net sales to decline slightly compared to the previous earnings forecast. In terms of profits, the strong sales of the Fluid Measurement Equipment Business, a high operating profit margin business, is forecast to boost profits.
Both sales and profits are forecast to increase year on year.
The impacts of soaring raw materials prices and delayed delivery of parts at present has been reflected in the forecast.
Net sales were on par with the previous 3Q and profits increased across all indicators.
The breakdown of net sales included a decrease in net sales of the Defense & Communications Equipment Business as initially forecast and a large increase in net sales of the Hydraulics and Pneumatics Business and the Fluid Measurement Equipment Business.
As for P/L, profits increased on the improving cost-of-sales ratio across all business segments excluding Other Businesses.
Shifted to operating profit from operating loss in previous 3Q due to the improvement of cost-of-sales ratio.
The cost-of-sales ratio improved on the rising production volume in the Hydraulics and Pneumatics Business, despite the impacts of soaring raw materials prices. In addition, changes in the product mix of the Fluid Measurement Equipment Business improved the cost-of-sales ratio as well.
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Tokyo Keiki Inc. published this content on 22 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 March 2022 08:39:07 UTC.
TOKYO KEIKI INC. is a Japan-based company mainly engaged in the manufacture, sale and maintenance of hydraulic and pneumatic equipment, defense and communication equipment. It has four business segments. Defense and Communications Equipment business manufactures, sells and repairs defense equipment, marine transportation system equipment, road and tunnel measurement and automatic control equipment, and parts. Hydraulic and Pneumatic Equipment business manufactures, sells and repairs hydraulic and pneumatic equipment and parts. Port and Harbor Equipment business manufactures, sells and repairs marine equipment, adjusts charges, manages sales, and arranges after-sales services. Fluid Equipment business manufactures, sells, and repairs fluid measurement equipment and fire extinguishing equipment. It is engaged in the manufacture, sale and inspection of inspection equipment, as well as products packing, information processing business, software development, and factoring business.
TOKYO KEIKI INC. 