Nakajima: This is Nakajima, and I would like to explain our financial results and forecast.
Your handout, page 4, contains the key points of this issue. We will explain this content on the next and subsequent pages.
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Page 5 is a summary of financial results.
Orders were totaled JPY518.4 billion, a YoY increase of JPY97.9 billion, or 12.6%, excluding the impact of the foreign exchange rate. Net sales were JPY456.5 billion, a YoY increase of 6.7%, excluding the impact of the foreign exchange rate. Sales, which had been delayed, made significant progress during the three months of Q4.
Operating income increased by JPY13.7 billion from the last year to JPY44.4 billion.
Profit attributable to owners of parent increased by JPY17.7 billion to JPY38.9 billion.
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The next page 6 is an analysis of changes in operating income.
Operating income decreased by JPY0.2 billion from JPY30.7 billion in FY21, the last year, excluding the impact of foreign exchange rate fluctuations, and remained almost flat. While gross profit increased by JPY14.2 billion due to the increase in sales, the gross margin deteriorated by JPY -5.3 billion. SG&A expenses increased by JPY10.3 billion due to special factors (allowance for Russia-related matters and change in compensation system, etc.) In addition, the improvement effect from the transfer of aviation equipment business pushed up the sales by JPY1.2 billion.
As we have explained in our past financial results briefings, the gross margin has been affected by multiple factors, such as surging prices for parts, electric power, decrease in gross profit of projects, and surging logistics costs, etc. However, if we take a look at the Q4 three-month period, we see that the main businesses, although slightly, have begun to improve compared to the previous year. Selling price increases have been realized and fixed costs as a percentage of sales have decreased due to increased sales.
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Yokogawa Electric Corporation published this content on 16 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2023 07:39:09 UTC.
Yokogawa Electric Corporation specializes in design, manufacturing and marketing of electronic equipments. Net sales break down by family of products as follows:
- automation and control equipments (90.4%): industrial control systems, production control systems, flow meters, industrial recorders, etc.;
- measuring and test equipments (6.9%): semiconductor tests equipments, analyzers, digital counters, electricity, temperature and pressure measuring instruments, scanners, oscilloscopes, tachymeter, altitude indicators, integrated display systems, etc.;
- other (1.7%): marine equipments, meteorological and hydrological measuring instruments, etc.
Net sales break down geographically as follows: Japan (32.2%), China (14%), India (3.6%), Asia and the Far East (15.7%), Middle East and Africa (11.2%), North America (8.9%), Europe (8%), Russia (3.8%) and Latin America (2.6%).
YOKOGAWA ELECTRIC CORPORATION 
