During FY21 1Q-3Q, sales revenue and profit decreased in both the Components Business and the Equipment & Systems Business compared with the nine months ended December 31, 2019 ("FY20 1Q-3Q"), despite the gradually weakening impact of economic deterioration caused by the spread of COVID-19 infections.
In the Components Business, while sales of components for 5G capable smartphone handsets and fine ceramic parts for semiconductor processing equipment increased, sales in the automotive-related market and the industrial machinery market fell below the level recorded in FY20 1Q-3Q. In the Equipment & Systems Business, sales decreased mainly due to a decline in demand for equipment, such as printers and MFPs, and consumables. As a result, sales revenue in FY21 1Q-3Q decreased by 8.1% compared with FY20 1Q-3Q.
Profit decreased compared with FY20 1Q-3Q due to lower sales revenue and the recording of an impairment loss in the amount of 11,518 million yen in the smart energy business. Operating profit decreased by 54.7%, profit before income taxes decreased by 38.4%, and profit attributable to owners of the parent decreased by 36.9%, compared with FY20 1Q-3Q.
[Released on February 1, 2021]
The forecast for FY21 has not been changed from the forecast announced in April 2020.
Sales revenue and profits for FY21 1Q-3Q decreased compared with those recorded in FY20 1Q-3Q; however, recovery of our business performance has progressed after bottoming out in the first quarter. For the three months ending March 31, 2021, although the COVID-19 pandemic still remains a concern, demand in the Components Business is expected to be sustained for 5G-related markets and the semiconductor markets. Sales in the Equipment & Systems Business are also expected to increase due to the launching of new products.
We aim to achieve our consolidated financial forecast for FY21 by continuing our efforts to comprehensively reduce costs and further improve productivity.