Sekisui Full-Year Report 2022
Group Overview
Net Sales: 1,242.5 billion yen (+7.3%), Operating Profit: 91.6 billion yen (+3.1%), Ordinary Profit: 104.2
billion yen (+7.5%), Profit Attributable to Owners of Parent: 69.2 billion yen (+86.9%) In fiscal 2022, automobile production exceeded those of the previous year despite effects from lower production in
the automobile industry due to the semiconductor shortage. Smartphone shipment volumes decreased sharply from the previous fiscal year as a result of inventory adjustments that continued from the second quarter, mainly in China.
The number of domestic housing starts also decreased from the previous fiscal year. Under these circumstances, there were effects from increased sales of high value-added products as well as progress in improving selling prices and positive foreign exchange effects. As a result, sales reached a record high. Results were substantially impacted by soaring prices for raw materials, fuel, and component parts, but these effects were covered by improvement of selling prices, increased sales of high value-added products, cost reductions, and other factors, and operating profit increased. Ordinary profit also increased due to the positive foreign exchange effects. Profit attributable to owners of the parent increased significantly as a result of the effect of recording impairment losses in the previous fiscal year. Ordinary profit and profit attributable to owners of the parent both reached new record highs.
Overview by Business Segment
Housing Company
Net Sales: 537.3 billion yen (+4.3%), Operating Profit: 32.8 billion yen (-7.0%) In fiscal 2022, sales increased in the Housing, Housing Renovation, Real Estate, and Town and Community Development businesses, and the Company achieved a new record high for sales, but the housing business in particular was impacted by effects from soaring component prices, and operating profit decreased. In the Housing business, the number of houses ordered decreased year-on-year due to effects from COVID 19 and lower purchasing intent caused by higher commodity prices and other factors. In the Housing Renovation business, orders increased year-on-year due to increased sales of storage batteries and other factors.
Urban Infrastructure and Environmental Products Company
Net Sales: 234.2 billion yen (+8.5%), Operating Profit: 21.1 billion yen (+39.2%)
In fiscal 2022, the domestic non-housing market was sluggish and there was an impact from a decline in housing demand starting in the third quarter, but as a result of securing profit through selling price improvements, solid capital investment demand in semiconductors in Japan and overseas, and other factors, net sales increased and operating profit reached a new record high.
In the Infrastructure Renovation field, sales increased year-on-year, supported by an overseas recovery in demand for pipeline renewal, improvements in selling prices in Japan and overseas, and gradual recovery of demand for panel tanks.
