（Unit: millions of yen）

	Fiscal year 2024 summary	Year-on-year
Net Sales	194,457	▲18.9%
Operating Income	8,429	▲30.1%
Ordinary Income	7,595	▲31.8%
Net Income	5,367	▲30.3%

During the fiscal year under review, the Japanese economy maintained a moderate recovery trend since the normalization of economic activities progressed and personal consumption and employment started picking up. When it comes to the global economy, the outlook remained uncertain due to heightened geopolitical risks from the protracted conflict in Ukraine and the escalation of the Mideast situation, as well as a global monetary tightening and other factors.

In the electronics industry, although demand for electrification of automobiles continued to expand, production of electronic parts was weak due to a delayed recovery of the Chinese economy and diminishing demand for smartphones.

Under these circumstances, the Group focused on selling automotive-related materials. However, due to the impact of sluggish sales of display-related materials, net sales for the fiscal year under review decreased by 18.9% from the previous fiscal year to 194,457 million yen.

Operating income decreased by 30.1% from the previous fiscal year to 8,429 million yen, due to a decrease in gross profit caused by weaker sales, as well as recording a valuation loss on inventories (cost of sales) and bad debt expenses (selling, general and administrative expenses) on trade receivables that resulted from the civil rehabilitation proceedings of a specific customer.

Ordinary income decreased by 31.8% from the previous fiscal year to 7,595 million yen, due to a decrease in operating income.

Net income decreased by 30.3% from the previous fiscal year to 5,367 million yen, due to a decrease in ordinary income.

（Unit: millions of yen）

	Japan	China	Other Asian countries	Europe and America
Net Sales	106,628	40,379	29,373	18,075
Operating Income	2,729	2,379	1,580	804

＜Japan＞

Net sales decreased by 20.0% from the same period of the previous fiscal year to 106,628 million yen, due to a decrease in the sales of display-related materials. Operating income decreased by 44.3% from the same period of the previous fiscal year to 2,729 million yen.

　　　　　　　 　

＜China＞

Net sales decreased by 25.3% from the same period of the previous fiscal year to 40,379 million yen due to a decrease in the sales of game console-related materials. Operating income decreased by 38.5% from the same period of the previous fiscal year to 2,379 million yen.

＜Other Asian countries＞

Net sales decreased by 15.3% from the same period of the previous fiscal year to 29,373 million yen due to a decrease in the sales of electronic parts-related materials. Operating income decreased by 3.0% from the same period of the previous fiscal year to 1,580 million yen.

＜Europe and America＞

Net sales increased by 2.2% from the same period of the previous fiscal year to 18,075 million yen, due to an increase in the sales of automotive-related materials. Operating income increased by 43.9% from the same period of the previous fiscal year to 804 million yen.