This is a summary of the forecast for the fiscal year ending March 31, 2023.
Net sales, operating income, and profit for the period are all expected to reach record highs in the current fiscal year.
Overall, net sales are expected to increase to 1.2 trillion yen, with business growth mainly in ball bearings, motors, analog semiconductors, and optical devices compensating for a fall in sales in LED backlights and mechanical components.
Despite various risks, including those associated with aggression against Ukraine, operating income is expected to exceed 100 billion yen thanks to growth in the above businesses, thorough cost-reduction measures across all businesses, and other factors.
The exchange rate is assumed to be 115 yen to the U.S. dollar.
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