Performance Highlights

Includes financial results for the past five years.

Quarterly Highlights (Fiscal Year Ending December 2024, 1Q)

Business results during the consolidated first quarter under review reflected a number of challenges. In net sales, several developments weighed on revenues: Exports from the Japan Business declined amid the impact of the controversy over release of water treated with the Advanced Liquid Processing System (ALPS), as well as decreased sales in mainland China and continuing shipping adjustments in the Singapore Business. However, yen depreciation and growing sales in the Lansinoh Business helped to offset these reverses. Net sales were little changed at ¥23,749 million (up 0.6% YOY). In earnings, higher revenues boosted gross profit margin, but operating income fell to ¥2,697 million (down 20.8% YOY), ordinary income declined to ¥2,963 million (down 21.8% YOY) and net income attributable to owners of parent dropped to ¥1,906 million (down 21.8% YOY), as personnel expenses rose and funds were expended on vigorous campaigns of sales promotion, advertising and public relations in the China Business and Lansinoh Business.

Millions of Yen

Millions of Yen
	1Q	Forecast
Net sales	23,749	101,000
Operating income	2,697	11,400
Ordinary income	2,963	11,400
Net income	1,906	7,600

Performance Highlights (Consolidated Five-Year Summary)

Millions of Yen

Millions of Yen
	FY ended Dec. 2019	FY ended Dec. 2020	FY ended Dec. 2021	FY ended Dec. 2022	FY ended Dec. 2023
Net sales	100,017	99,380	93,080	94,921	94,461
Operating income	17,072	15,316	13,336	12,195	10,726
Ordinary income	17,284	16,113	14,648	13,465	11,522
Net income	11,538	10,643	8,785	8,581	7,423

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