Financial Results for 1st Quarter of FY2022

August 1, 2022

Sumitomo Riko Company Limited

1. Consolidated Statements 〔IFRS〕 (from April 1, 2022 to June 30, 2022)

1) Consolidated Profit/loss

(100 millions of yen)

Q1 FY2021

Q1 FY2022

Year on year growth

Net sales

1,098

1,173

+75

+6.8%

Business profit

27

△20

-47

-

Other income and expenses

3

△3

-6

-

Operating profit

30

△23

-53

-

Financial income and expenses

△1

2

+3

-

Profit before income taxes

29

△20

-49

-

Income tax expense

△7

△5

+2

-

Profit for the period

22

△25

-47

-

Profit attributable to owners

17

△27

-44

-

of the parent company

Non-controlling interests

5

2

-3

-66.5%

(Note) Business profit is presented by subtracting Cost of sales and Selling, general and administrative expenses

from Net sales, and by adding Equity in earnings/losses of associates.

2) Results by Business Segment

(100 millions of yen)

Q1 FY2021

Q1 FY2022

Year on year growth

Net sales

Automotive Products

947

1,031

+84

+8.8%

General Industrial Products

151

142

-9

-5.9%

Consolidated Total

1,098

1,173

+75

+6.8%

Business

Automotive Products

14

△25

-40

-

profit

General Industrial Products

13

6

-8

-57.8%

Consolidated Total

27

△20

-47

-

3) Results by Geographical Segment

(100 millions of yen)

Q1 FY2021

Q1 FY2022

Year on year growth

Net sales

Japan

484

450

-34

-7.0%

Americas

239

316

+77

+32.1%

Asia

383

405

+23

+5.9%

Europe and Others

134

144

+10

+7.6%

Eliminations or Corporate

△142

△143

-1

-

Consolidated Total

1,098

1,173

+75

+6.8%

Business

Japan

11

△7

-18

-

profit

Americas

△14

△22

-8

-

Asia

31

16

-15

-47.7%

Europe and Others

0

△7

-8

-

Eliminations or Corporate

△1

0

+1

-

Consolidated Total

27

△20

-47

-

(Note) Before elimination of intersegment transactions. Monetary amounts and percentage figures are rounded off to the nearest specified unit.

4) Exchange Rate (Average Rate)

Q1 FY2021

Q1 FY2022 Year on year growth

Yen/USD

109.50

129.58

+20.08

+18.3%

Yen/EUR

131.96

138.12

+6.16

+4.7%

Yen/RMB

16.96

19.58

+2.62

+15.4%

Yen/THB

3.50

3.77

+0.27

+7.7%

Yen/MXN

5.47

6.47

+1.00

+18.3%

Yen/BRL

20.70

26.43

+5.73

+27.7%

(Note) Monetary amounts and percentage figures are rounded off to the nearest specified unit.

2. Revision of the consolidated results forecast (from April 1, 2022 to March 31, 2023)

Revision of the consolidated financial forecast for the six months ending September 30, 2022 (from April 1, 2022 to September 30, 2022) and for the fiscal year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)

(100 millions of yen)

Revised

Revised

vs. Previous forecast

forecast for

forecast for

(Announced on May 2022)

FY2022 Q2

FY2022

YoY

(Six-month period)

Net sales Business profit Other income and expenses Operating profit Financial income and expenses Profit before income taxes Income tax expense Profit for the half-year/year

Profit attributable to owners of the parent company

Non-controlling interests

2,520

5,400

0

0.0%

△17

120

-30

-20.0%

△5

△20

+5

-

△22

100

-25

-20.0%

△3

△10

+5

-

△25

90

-20

-18.2%

△23

△63

+2

-

△48

27

-18

-40.0%

△51

10

-12

-54.5%

3

17

-6

-26.1%

(Note) The aforementioned forecasts are based on exchange rates of ¥125.00 per U.S. dollar and ¥135.00 per Euro for the fiscal year ending March 31, 2023.

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Sumitomo Riko Company Limited published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 03:13:03 UTC.