Sales of yarn were steady, with orders from Japan and overseas subsidiaries, mainly in Brazil, recovering.

Textiles used in uniforms and casual clothing tended toward recovery after a significant decline in orders due to the COVID-19 pandemic in the previous fiscal year.

Textile products showed a recovery due to an increase in orders for casual clothing.

The Company also continued to implement measures to improve profitability in both manufacturing and sales.

As a result, net sales were 44.6 billion yen (compared with 42.1 billion yen in the same period of the previous fiscal year), and operating loss was 170 million yen (compared with an operating loss of 1.82 billion yen in the same period of the previous fiscal year).

Net sales decreased by 5.4 billion yen due to the adoption of the Accounting Standard for Revenue Recognition.

Although sales of flexible urethane were affected by the shortage of semiconductors for automotive use for automobile manufacturers, they recovered from the slump in orders caused by the drastic reduction in production due to the COVID-19 pandemic in the previous fiscal year.

As for functional resin products, sales of high-performance resin products for semiconductor manufacturing equipment were favorable due to the booming semiconductor industry, and sales of functional films for automobiles were steady.

Regarding sales of building materials for residential use, orders for newly started thermal protection work were steady, but sales such as for landscaping materials were sluggish.

In nonwoven fabrics, sales of automotive filters were strong.

As a result, net sales were 51.6 billion yen (compared to 48.5 billion yen in the same period of the previous fiscal year), and operating income was 2.97 billion yen (compared to 1.4 billion yen in the same period of the previous fiscal year).

Net sales decreased by 5.3 billion yen due to the adoption of the Accounting Standard for Revenue Recognition.

In the electronics business, liquid component densitometers and substrate inspection equipment performed well due to the booming semiconductor industry, and subsidiaries also had large-scale semiconductor cleaning equipment projects. The performance of Seiki (Co., Ltd.), which became a consolidated subsidiary at the end of the previous fiscal year, also contributed.

In engineering, sales of equipment such as for treatment of exhaust gas were strong, and there were large-scale plant projects at subsidiaries.

In the biomedical field, sales of agitation and defoaming equipment were steady, but sales of reagents for testing COVID-19 antibodies decreased. Sales of machine tools to Japan remained sluggish, but sales to the United States and China recovered.

As a result, net sales were 23.5 billion yen (compared to 18.6 billion yen in the same period of the previous fiscal year), and operating income was 2.77 billion yen (compared to 1.56 billion yen in the same period of the previous fiscal year).

As a result of the adoption of the Accounting Standard for Revenue Recognition, net sales increased by 400 million yen, and operating income increased by 40 million yen.

As for food products, sales of freeze-dried soups were strong due to the continued demand for home-cooking as a result of the prolonged impact of COVID-19.

Hotel-related business continued to be sluggish in terms of accommodation and parties due to the impact of restrictions on activities because of declarations of a state of emergency.

As a result, net sales were 8.4 billion yen (compared to 8.6 billion yen in the same period of the previous fiscal year), and operating income was 270 million yen (compared to 270 million yen in the same period of the previous fiscal year).

Net sales decreased by 600 million yen due to the adoption of the Accounting Standard for Revenue Recognition.

Although we focused our efforts on stepping up the real estate leasing business, net sales were 3.7 billion yen (4.0 billion yen in the same period of the previous fiscal year) and operating income was 2.74 billion yen (2.84 billion yen in the same period of the previous fiscal year) due to the expiration of the leasing period for some rentals.