Sumitomo Riko : Financial Results for 3rd Quarter of FY2022
February 31, 2023 at 10:18 pm EST
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Financial Results for 3rd Quarter of FY2022
February 1, 2023
Sumitomo Riko Company Limited
1. Consolidated Statements 〔IFRS〕 (from April 1, 2022 to December 31, 2022)
1) Consolidated Profit/loss
(100 millions of yen)
Q3 FY2021
Q3 FY2022
Year on year
(Nine-month period)
(Nine-month period)
growth
Net sales
3,215
3,951
+736
+22.9%
Business profit
11
58
+47
x 5.2
Other income and expenses
△1
△9
-8
-
Operating profit
10
48
+38
x 4.8
Financial income and expenses
△6
△9
-3
-
Profit before income taxes
4
40
+36
x 10.1
Income tax expense
△35
△52
-18
-
Profit for the period
△31
△13
+18
-
Profit attributable to owners
△46
△25
+21
-
of the parent company
Non-controlling interests
16
13
-3
-19.1%
(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)
Q3 FY2021
Q3 FY2022
Year on year
(Nine-month period)
(Nine-month period)
growth
Net sales
Automotive Products
2,772
3,487
+716
+25.8%
General Industrial Products
444
464
+20
+4.5%
Consolidated Total
3,215
3,951
+736
+22.9%
Business
Automotive Products
△24
31
+55
-
profit
General Industrial Products
35
27
-9
-24.3%
Consolidated Total
11
58
+47
x 5.2
3) Results by Geographical Segment
(100 millions of yen)
Q3 FY2021
Q3 FY2022
Year on year
(Nine-month period)
(Nine-month period)
growth
Net sales
Japan
1,417
1,506
+89
+6.3%
Americas
679
1,052
+373
+54.9%
Asia
1,217
1,432
+214
+17.6%
Europe and Others
346
440
+94
+27.2%
Eliminations or Corporate
△444
△478
-34
-
Consolidated Total
3,215
3,951
+736
+22.9%
Business
Japan
△1
9
+9
-
profit
Americas
△80
△42
+38
-
Asia
110
118
+8
+7.2%
Europe and Others
△14
△24
-10
-
Eliminations or Corporate
△3
△2
+1
-
Consolidated Total
11
58
+47
x 5.2
(Note) Before elimination of intersegment transactions. Monetary amounts and percentage figures are rounded off to the nearest specified unit.
4) Exchange Rate (Average Rate)
Q3 FY2021
Q3 FY2022
Year on year
(Nine-month period)
(Nine-month period)
growth
Yen/USD
111.11
136.53
+25.42
+22.9%
Yen/EUR
130.63
140.62
+9.99
+7.6%
Yen/RMB
17.25
19.88
+2.63
+15.2%
Yen/THB
3.42
3.82
+0.40
+11.7%
Yen/MXN
5.48
6.83
+1.35
+24.6%
Yen/BRL
20.73
26.58
+5.85
+28.2%
(Note) Monetary amounts and percentage figures are rounded off to the nearest specified unit.
2. Revision to figures in FY2022 consolidated results forecast
(from April 1, 2022 to March 31, 2023)
(100 millions of yen)
2Q Forecast for
3Q Forecast for
Change
FY2022 (A)
FY2022 (B)
(B - A)
(October 2022)
(February 2023)
Net sales
5,400
5,400
-
-
Business profit
120
135
+15
+12.5%
Other income and expenses
△20
△20
-
-
Operating profit
100
115
+15
+15.0%
Financial income and expenses
△10
△20
-10
-
Profit before income taxes
90
95
+5
+5.6%
Income tax expense
△63
△65
-2
-
Profit for the year
27
30
+3
+11.1%
Profit attributable to owners
10
12
+2
+20.0%
of the parent company
Non-controlling interests
17
18
+1
+5.9%
Despite the current uncertainty in global economy and demand, we have revied the consolidated forecast based on progress up to the 3rd quarter of Fiscal year 2022 and on information and forecasts available as of the date of this document.
The aforementioned consolidated forecasts of results are based on information available as of the date of this document. As a result, information included in this document may include uncertain factors, and actual results may differ materially from forecasts due to a variety of factors.
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Sumitomo Riko Company Limited published this content on 01 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2023 03:17:07 UTC.
Sumitomo Riko Company Limited, formerly Tokai Rubber Industries, Ltd., is a manufacturer of rubber and resin products for automobile use. The Company operates in two business segments. The Automobile Supplies segment manufactures anti-vibration rubbers, hoses and interior parts for automotive use. The General Industrial Supplies segment produces precision resin blade roll, anti-vibration rubber for vehicles, housing, bridges, and electronic equipment, high-pressure hoses, transport hoses, among others.
SUMITOMO RIKO COMPANY LIMITED 
