Business Results for the Third Quarter of

Fiscal Year Ending March 31, 2023

(April 1, 2022 - December 31, 2022)

February 10, 2023

1

External Environment

  • Global inflation progressed, naphtha and raw material prices remained high, and 1.5 times higher than in the same period of the previous year.
  • The yen depreciates from ¥110/USD to ¥134/USD due to the interest rate differential between Japan and the United States.

Naphtha Prices

USD/JPY Chart

FY2021 FY2022

1.5 times

+¥24

Source: Amerec Energy Com., Yahoo Finance

2

Semiconductor Market Trend

  • Demand for consumer products such as smartphones and PCs decreased due to rebound of from stay-at-home demand and progressing inflation.
  • However, advanced semiconductors remained firm demand thanks to progress of DX.

Semiconductor Market Trends

FY2021FY2022

Source: WSTS

3

Financial Results for the Q3 FY2022

  • Sales increased 7.8% YOY due to strong demand for advanced semiconductor materials amid a slowdown in demand for general products.
  • Operating profit increased for advanced products, offsetting increased fixed costs due to increased production capacity. Profit increased by 489 million yen (+14.7%).
  • Ordinary profit increased 20.5% YoY, thanks in part to foreign exchange gains.

FY2021

FY2022

YoY

(Million yen)

Q1-3 Results

Q1-3 Results

Change

%

Net sales

23,873

25,747

+1,873

+7.8%

Operating profit

3,323

3,812

+489

+14.7%

Ordinary profit

3,342

4,026

+684

+20.5%

Profit

2,289

2,745

+456

+19.9%

EPS

¥288.40

¥345.87

FX Rate (USD)

¥110.9/$

¥134.1/$

4

Increase in profit by 14.7% thanks to higher sales of high value-addedproducts, which offset the decrease in sales of general products, soaring raw material, fuel, and freight costs, and increased expenses due to the continued
expansion of production capacity.Increase in expenses for technology
development and production capacity expansion for advanced semiconductor fields

Change analysis: Operating profit

•

Increase in sales

volume, Selling price

is under increasing

+1,759

due to high raw

material prices.

(Million yen)

3,323

Sales growth

FY2021 Q1-3

Operating profit

+660

+200

△90

△916

Operation

Inventory

revaluation

improvement

FX

Impact from raw

materials, fuel,

consumables and

transportation cost

increasing

Expenses

increase

△1,124

3,812

+489

FY2022 Q1-3

Operating profit 5

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Toyo Gosei Co. Ltd. published this content on 13 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 February 2023 02:45:00 UTC.