Röhm Q1 Report 2022

During the first quarter (April through June) of the fiscal year ending March 31, 2022, the global economy was on track to recovery, despite the knock-on effects of the COVID-19 pandemic continuing to be felt around the world. This was evidenced by the recovery of China’s economy and an ongoing recovery in employment and consumer spending in the United States, amid heightened expectations of economic recovery, fueled by various economic stimulus packages introduced by governments around the world and the widespread deployment of COVID-19 vaccinations.

In terms of production, we have achieved overall optimization through the adoption of a matrix-type organizational structure, and we have promoted the installation of labor-saving and automated production lines through “monozukuri (manufacturing) innovation”.

We also have made every effort to ensure the stable supply of our products to customers by thoroughly implementing COVID-19 infection prevention and control measures, improving productivity and increasing our production capacity to cope with fast-growing demand. Under these circumstances, consolidated net sales for the first quarter of the fiscal year ending March 31, 2022 were 111,254 million yen, up 37.4% from the same period last year, with net sales for the automotive electronics market and consumer product market increased and operating profit increased 152.4% from the same period last year to 15,265 million yen.

Moreover, EBITDA (*1), an accounting metric that we emphasize in the ROHM Group, was 24,529 million yen for the first quarter of the fiscal year ending March 31, 2022, up 56.9% from the same period last year.