IR Information
IR EVENTS Fiscal Year 2002
FY2002 4th Quarter Financial Results
- Financial Results Presentations
- Date
- February 4，2003
- Venue
- Tokyo Stock Exchange
Financial Results Overview
Sales in the fourth quarter 2002 increased 5.8% YOY, to ¥8.018 billion. Sales of coils for audiovisual equipment, electronic automotive components, and other coils increased, whereas sales of coils for information processing and communication equipment remained flat due to a negative rebound after a large increase in the same quarter of the previous year. Optoelectronics and magnetics businesses also showed decreased sales. Operating income decreased 20% to ¥433 million YOY due to a decline in the profitability of the coil business. This decrease is attributable to an increase in the workforce in Sumida’s China factory and increased repair costs, despite reduced operating losses in the magnetics business and efforts to cut costs in raw materials (mainly for standard coils). Other income showed improvement due to a lack of foreign exchange loss incurred by applicable foreign exchange forward contracts. Accordingly, operating earnings before taxes was ¥398 million, up 11.8% YOY. A restructuring cost of ¥332 million associated with the magnetics business was booked as an extraordinary loss, and we eventually arrived at a net loss figure of ¥194 million.
Financial Results Materials (Click on a report title to download (PDF format).)
FY2002 3rd Quarter Financial Results
- Financial Results Presentations
- Date
- October 30, 2002
- Venue
- Tokyo Stock Exchange
Financial Results Overview
In the third quarter of 2002, although sales of other coil products fell and those of magnetics products remained almost the same as last quarter, those of coils for audiovisual equipment, coils for information processing and communication equipment, electronic automotive components and optoelectronics components respectively achieved two-digit growth, boosting the overall sales to ¥8.474 billion, an increase of 11.0% YOY.
In terms of profitability, although increased production entailed increases in labor and other personnel expenses, increased sales and reductions in materials costs for standard coils and other products more than quadrupled operating profits to ¥641 million YOY. Decreases in exchange rate loss and other factors substantially improved the non-operating profit/loss situation with ordinary profits and net income at ¥614 million and ¥428 million,
Financial Results Materials (Click on a report title to download (PDF format).)
FY2002 2nd Quarter Financial Results
- Financial Results Presentations
- Date
- February 3，2005
- Venue
- Tokyo Stock Exchange
Financial Results Overview
Sales in the second quarter of 2002 amounted to ¥9,349 million, an increase of 15.2% YOY. Although sales in the magnetics business leveled off due to a decline in sales of other coils, coils for audiovisual equipment, communication and data processing equipment, electronic automotive parts and the optoelectronic business showed favorable results.
Turning to profits, despite an increase in personnel expenses, including labor costs, operating profit was ¥592 million yen, an increase of 7.3 times YOY. This was thanks to increases in production, the reduction of raw material costs (primarily in standard coils) and the effects of increased sales. Since the translation gain was accrued, non-operating income and expenditure showed significant improvement; ordinary profit was ¥589 million yen and current net income was ¥502 million yen.
Financial Results Materials (Click on a report title to download (PDF format).)
FY2002 1st Quarter Financial Results
- Financial Results Presentations
- Date
- April 23, 2002
- Venue
- Tokyo Stock Exchange
Financial Results Overview
Sales in the first quarter of 2002 amounted to ¥8.955 billion, an increase of 8.9% YOY. Although sales of the magnetics business declined, other areas displayed strength. Electronic automotive parts and the optoelectronics business in Hong Kong grew sharply. Coils for communications and data processing equipment increased due to higher demand for inverter units and power inductors in Taiwan. Coils for audiovisual equipment have also started to recover.
Turning to profits, operating profit was ¥504 million, an increase of 51.3% YOY. In addition to the effect of increased sales in the coil business and the optoelectronic business, operating profit was boosted by the reduction of raw materials costs primarily in standard coils, the effort devoted to making production more efficient, and efforts to cut expenses including those in business travel and advertising. However, sales in the magnetics business did not reach the break-even point due to decreased sales. Since translation loss was sharply reduced through usage of exchange contracts, ordinary profit was ¥514 million, an increase of 10.9 times YOY. Current net income was ¥382 million.