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*Adjustment: Elimination of intersegment transactions and profit or loss of the Company’s Head Office divisions that are not allocated to each reporting segment.
For the cumulative second quarter of the current consolidated fiscal year, the Group’s revenue was ¥507,962million (106.5% that of the corresponding period of the previous year), operating profit was ¥31,982million (112.7%), and profit attributable to owners of parent was ¥20,156million (116.4%).
During the period under review, the Japanese economy benefited from continued stability of personal spending, as improved income conditions offset the impact of rising commodity prices. The economy continues to recover moderately, as evident in, for instance, increased capital expenditure supported by a strong corporate performance. Meanwhile, the overseas outlook remained uncertain due to the shift of US and European policy to monetary easing and concerns over geopolitical risks such as the ongoing tensions in the Middle East.
The Group is focusing on digital and semiconductor-related businesses, as well as overseas business in India and North America. In addition, businesses in Japan have sought to acquiring new customers and expanding sales channels by utilizing the group's comprehensive strengths, also, aim to bolster profitability by reducing costs through rationalization and streamlining together with comprehensive price management. In business creation through a resolution of social issues, the Group started the commercial use of liquefied biomethane derived from livestock manure as a new business in the field of carbon neutrality.
Some businesses experienced an adverse impact from the sluggish semiconductor market during the period under review. Meanwhile, price management of industrial gases implemented in the past and activities in the overseas industrial gas business and agricultural sector achieved steady progress. As a result, all segments recorded profit growth.
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※Adjustment: Elimination of intersegment transactions and profit or loss of the Company’s Head Office divisions that are not allocated to each reporting segment.
※On November 7, 2024, revised the full-year forecast by segment.
