Higher profit in all segments, with all stages of profit below gross profit reaching record highs
In particular, the automobile, resins and electronics, the Prinova Group's nutrition-related business performed well
Operating income
Income greatly increased year-on-year with increases in gross profit; the economic impact of the COVID-19 had been significant in the previous fiscal year
Net income
Significantly higher profits with strong business performance and gain on sales of cross-shareholdings, despite recording impairment losses that pressured profits downward
100 millions of yen
21/03
22/03
Change
Vs.PY
Forecast
Achievement
（announced Feb 9）
Sales
6,252
7,805
+ 1,553
125%
ー
ー
Gross profit
1,146
1,394
+ 248
122%
1,380
101%
18.3%
17.9%
(0.5pt)
－
ー
－
SG&A expenses
926
1,042
+ 115
112%
1,030
－
Operating
219
352
+ 133
161%
350
101%
income
Ordinary
228
364
+ 136
160%
365
100%
income
Profit Attributable
to owners of the
188
259
+ 71
138%
250
104%
parent
US$ Exchange rate
@ 106.1
@ 112.4
@ 6.3
Weak yen
@111.9
(period average)
RMB Exchange rate
@ 15.7
@ 17.5
@ 1.8 Weak yen
@17.4
(period average)
Offset to sales and cost of sales from application of revenue recognition standards: March. 2021, -¥204.9 billion; March. 2022, -¥244.8 billion
Impact from foreign exchange: Gross profit, +¥3,200 million; Operating income, +¥900 million
Domestic : In particular, the automobile-related business and electronics-related business for mobile devices/displays performed well
Overseas : The resins business, mainly for office equipment, appliances, and video game devices and focused on Greater China and ASEAN, and the nutrition-related business in Europe and the Americas performed well
Domestic & Overseas Gross profit(100 millions of yen)
Overseas gross profit By Region(100 millions of yen)
Total 1,394
700
Total 681
Other
1,400
100%
11
Overseas
Europe
681
90%
84
600
1,200
Total 1,146
80%
Other
Overseas
Total 511
10
511
1,000
500
70%
Europe
Americas
Overseas
64
238
Overseas
gross profit
60%
800
gross profit
ratio
400
ratio
48.8%
50%
Americas
44.6%
175
600
40%
300
ASEAN
127
30%
ASEAN
400
Domestic
200
94
Domestic
713
634
20%
Greater
200
100
Greater
China
10%
China
218
166
0
0%
0
21/03
22/03
21/03
22/03
※ From FYE March 2022, the usual overseas net sales per-destination region have been replaced by per-region information for gross profit, aggregated for each location of consolidated
※ Domestic figures under Domestic & Overseas Gross Profit include inter-regional adjustments
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Nagase & Co. Ltd. published this content on 15 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2022 08:12:01 UTC.
Nagase & Co Ltd is a Japan-based company mainly engaged in the import, export, manufacture and sale of a wide range of products. The Company operates through five business segments. Functional Materials segment offers raw materials for paints, inks, adhesives, and other products. Processed Materials segment offers dyes, pigments, functional pigments, resins, automotive repair and conductive paints and others. Electronics and Energy segment offers modified epoxy resins, fluorine products, and materials and equipment for semiconductor, display, as well as energy management system proposals, battery evaluation and healthcare services. Mobility segment offers general synthetic resins, and other materials and parts for automobile. Life-related segment offers raw materials for pharmaceuticals and agrochemicals, food additive, cosmetic additives, and radiation measurement service. The Company also offers logistics services, information processing and other professional services.
NAGASE & CO., LTD. 
