Kansai Q1 Report 2023

The Group’s net sales for the period under review were 136,436 million yen (up 13.3% year on year). Operating income was  12,105 million yen (up 42.6% year on year) as a result of efforts to improve profits, such as passing on cost increases to sales prices, while selling expenses increased. Ordinary income was 16,965 million yen (up 28.6% year-on-year) mainly due to an increase in foreign exchange gains caused by the depreciation of the yen. Profit attributable to owners of parent was 37,609 million yen (up 483.1% year on year), mainly due to gain on sales of investment securities associated with the reduction in strategic shareholdings and gain on sales of fixed assets associated with the sale of land in India.