We are committed to continually improving and expanding our technical development team and growing into a fine chemical company.
How were the business results for the fiscal year?
The Company continued to perform strongly, supported by demand for highly functional Chinese-made smartphones due to their technological superiority. Sales of palladium plating chemicals for lead frames fell due to a downturn in semiconductor demand.
As a result, the Company recorded net sales of ¥10,380 million, a decrease of 2.7% year on year, operating profit of ¥1,013 million, a decrease of 6.1% year on year, ordinary profit of ¥1,155 million, a decrease of 2.1% year on year, and profit of ¥844 million, an increase of 1.8% year on year.
The breakdown of sales by final products was ¥3,660 million from printed circuit boards and semiconductor substrates, ¥1,968 million from connectors and micro switches, ¥4,508 million from lead frames and ¥243 million from others.