Citizen Watch : FY2022 Presentation

Earning Presentation

for the Year ended March 31, 2022

May 12, 2023

Financial Results for FY 2022

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Financial Results for FY 2022

	FY2021
	1-4Q
	(Apr-Mar)
（Unit︓billion yen)	Result
Net sales	281.4
Operating profit	22.2
Operating margin	7.9%
Ordinary Profit	27.3
Profit attributable to

owners of parent	22.1
Exchange rate	¥112/USD
¥130/EUR

FY2022

1-4Q

(Apr-Mar) Result

301.3

23.7

7.9%

29.0

21.8

¥135/USD ¥141/EUR

YoY Change

Amount	％
+ 19.9	＋ 7.1%
+ 1.4	＋ 6.4%
-	-
+ 1.7	＋ 6.4%
( 0.3 )	( 1.4% )

• Sales and profit increased, reflecting sales growth in the mainstay Watches and Machine Tools segment

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Financial results by Business Segments

			FY2021	FY2022
	Net sales	1-4Q(Apr-Mar)	1-4Q(Apr-Mar)	YoY Change
	(Unit︓billion yen)	Result	Result	Amount	％
	Watches	131.0	150.0	+ 18.9	＋ 14.4%
	Machine Tools	81.0	86.1	+ 5.1	＋ 6.4%
	Devices and Components	50.0	44.7	( 5.3 )	( 10.6% )
	Electronic and Other Products	19.2	20.4	+ 1.1	＋ 6.0%
	合計	281.4	301.3	+ 19.9	＋ 7.1%
	Operating Profit
	(Unit: billion yen, %:operating margin)
	Watches	10.3	16.6	+ 6.3	＋ 61.4%
	7.9%	11.1%
	Machine Tools	12.5	12.2	( 0.3 )	( 3.1% )
	15.5%	14.2%
	Devices and Components	2.8	( 0.8 )	( 3.6 )	-
	5.7%	( 1.8% )
	Electronic and Other Products	1.1	1.1	( 0.0 )	( 2.4% )
	6.1%	5.6%
	Eliminations or general corporate	( 4.6 )	( 5.4 )	( 0.7 )	-
	Consolidated Total	22.2	23.7	+ 1.4	＋ 6.4%
	7.9%	7.9%

• Watches: Sales of finished products continued to increase, mainly in the North American and European market.
• Machine Tools: Sales increased, reflecting progress in production and shipment due to improvements in the parts

procurement environment.

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Financial Results for 4Q(Jan.-Mar.) of FY 2022

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