Financial results overview for the fiscal year ended March 31, 2023

In the fiscal year under review, consolidated net sales increased year-on-year, operating income increased, ordinary income, and profit attributable to owners of the parent decreased.
●Consolidated net sales totaled 198,380 million yen, an increase of 13,574 million yen (7.3%) year-on-year. Sales in the pharmaceuticals business underperformed, while the functional chemicals and safety systems businesses outperformed the previous fiscal year.
●Consolidated operating income totaled 21,505 million yen, an increase of 454 million yen (2.2%) year-on-year, outperforming the previous fiscal year in the pharmaceuticals and safety systems businesses, while underperforming in the functional chemicals industry.
●Consolidated ordinary income totaled 23,025 million yen, a decrease of 128 million yen (0.6%) year-on-year.
●Profit attributable to owners of parent was 14,984 million yen, a decrease of 2,196 million yen (12.8%) year-on-year, owing to recognition of an impairment loss on property, plant, and equipment.
Business Performance
(millions yen) 2014/03 2015/03 2016/03 2017/03 2018/03 2019/03 2020/03 2021/03 2022/03 2023/03
Net sales 160,080 161,861 162,922 159,117 167,888 172,639 175,123 173,381 184,805 198,380
Operating income 24,090 22,301 21,713 19,646 22,615 19,939 17,485 15,194 21,050 21,505
Ordinary income 26,496 25,162 21,016 19,947 22,480 21,608 18,026 16,538 23,154 23,025
Profit attributable to owners of parent 16,718 15,653 17,291 15,635 15,488 14,851 12,815 12,574 17,181 14,984
Operating income to net sales ratio 15.0% 13.8% 13.3% 12.3% 13.5% 11.6% 10.0% 8.8% 11.4% 10.8%
ROE 10.6% 8.9% 9.2% 8.2% 7.7% 7.0% 6.0% 5.8% 7.3% 6.0%
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