Thank you very much for your continued support of our company.
On May 12, 2021, the Group announced the V73 Medium-Term Management Plan to be concluded in the Company’s 73rd Term (fiscal year ending March 31, 2024). In the Plan, the Group defined the goal of achieving an ROE of 5% at an early stage.
In order to achieve this goal, we are diligently working to “improve profitability and expand business in growth markets through business structure reform,” “improve capital efficiency,” and “strengthen corporate governance.”
I look forward to continued support and guidance from our shareholders.
Representative Director, COO
During the consolidated fiscal year under review, the global economy overall faced tough conditions due to the prolonged impact caused by the spread of COVID-19. Although vaccinations have started in some regions, countries are forced to engage in economic activities while implementing continued measures to prevent infection, and it is uncertain when the COVID-19 pandemic will end. In the electronics industry, which is one of the Group’s fields of business, the pandemic caused stagnation in the production of semiconductors. Conversely, there were strong sales of televisions, home appliances, and home video game consoles due to stay-at-home demand. Furthermore, there was a sudden recovery in the Chinese automotive market from the second half of the fiscal year. Overall, there was tight supply and demand for semiconductors. In the domestic ICT industry, the COVID-19 pandemic caused a decrease in corporate IT investment. However, investment for digitalization increased due to factors such as the development of environments for remote work. Against this background, in the device business, the Group promoted a shift of human resources for expanding sales of overseas semiconductor manufacturer products. This was done in conjunction with the cancellation (as of June 30, 2020) of the dealership agreement with Renesas Electronics Corporation, which was previously a main supplier. The Group also strove to make drastic transitions to our profit structure through efforts such as developing new products and business models based on items related to in-vehicle systems, artificial intelligence (AI), and the internet of things (IoT). In the solution business, aiming to establish a robust platform for future growth, the Group committed resources to reinforcing its cloud business, centered on Sanshin Data Center, while bolstering initiatives to expand its number of customer platforms. As a result of these efforts, business performance in the consolidated fiscal year under review was as follows: Net sales were ¥112,791 million (down 8.4% year-on-year), but operating profit was ¥2,167 million (up 10.7% year-on-year) and ordinary profit was ¥1,878 million (up 1.1% year-on-year) due to the Group’s efforts to improve the gross profit margin and reduce selling, general and administrative expenses. As a result, net profit attributable to shareholders of parent company was ¥1,646 million (up 13.4% year-on-year) and ROE was 3.9% (up from 3.4% in the previous year).
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|Net sales||(Millions of yen)||167,654||157,257||147,879||123,085||112,791|
|Ordinary income (loss)||(Millions of yen)||(952)||1,787||1,737||1,858||2,167|
|Net income (loss)||(Millions of yen)||(1,575)||947||1,449||1,451||1,646|
|Net assets||(Millions of yen)||61,537||61,787||42,711||42,029||43,210|
|Total assets||(Millions of yen)||93,860||93,624||88,261||73,659||84,602|
|Net assets per share||(Yen)||2,183.84||2,191.19||2,224.47||2,188.84||2,249.40|
|Net income (loss) per share||(Yen)||(55.90)||33.62||67.48||75.66||85.82|
|Return on equity(ROE)||（％）||-||1.5||2.8||3.4||3.9|
|Price earnings ratio(PER)||(Times)||-||64.8||28.1||18.4||23.4|
|Dividend per share(annual)||(Yen)||25||33||70||70||40|
* The figures are announced on February 3, 2022. Please see the following article for further details.
Summary of Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2022