Kansai Q2 Report 2022

The Group’s net sales for the first six months of the consolidated fiscal year under review was 250,700 million yen (up 23.3% year on year). Operating income remained at 15,762 million yen (down 6.4% year on year) despite our efforts to improve profits by passing on to selling prices the selling cost, which rose due to an increase in sales amid continued impact of soaring prices for raw materials. Ordinary income was 21,041 million yen (up 1.3% year on year), reflecting an increase in foreign exchange gains arising from the weaker yen despite the decline of equity in earnings of affiliates and the impact of application of the hyperinflationary accounting standard in Turkey. Net income attributable to owners of the parent for the period under review amounted to 12,371 million yen (up 7.7% year on year) due to an increase in gains on sale of investment securities as a result of reducing cross-shareholdings.