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Q1 2022 Sekisui Chemical Co Ltd Earnings Call Transcript
Thank you very much for participating in today's briefing session. I'd like to go straight into the presentation. On the first page, the foreign exchange rate assumption and results are shown.
Now let's move on to Page 2. This is an overview of the first quarter results. Net sales were JPY 248.6 billion. Operating income was JPY 11.1 billion. Ordinary income was JPY 13.1 billion. And net income was JPY 12.5 billion.
Despite certain lingering effects of COVID-19, we were able to finish the quarter with significant increases, both in sales and profits year-on-year. Ordinary income and net income increased substantially, thanks to the foreign exchange rate and gain on sales of shares. Sales and operating income progressed slightly above the plans.
Please turn to Page 3. We can see the results of the first quarter by segment. All of the segments saw an increase in profit, resulting in a significant increase in group-wide sales and profit. Although HPP,
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