During FY22 1Q, demand increased in our major markets, mainly in the semiconductor-related market, as compared with the three months ended June 30, 2020 ("FY21 1Q"), which saw sluggish demand due to the impact of COVID-19. In this business environment, we strove to increase orders at our various businesses. Our program for strategic production capacity expansion, in which we have been engaged since the year ended March 31, 2019, principally in components, has also contributed to higher sales revenue. Furthermore, we have made efforts to reduce costs and improve productivity in each business segment. As a result, sales revenue and profit increased significantly in all reporting segments.
Sales revenue increased by 32.7% compared with FY21 1Q, marking a record high for a first quarter period. Operating profit increased by 327.5%, profit before income taxes increased by 79.1%, and profit attributable to owners of the parent increased by 82.1%, compared with FY22 1Q.
[Released on July 29, 2021]
The forecast for FY22 has not been changed from the forecast announced in April 2021.
Consolidated financial results for the first quarter made a favorable start toward the full-year forecast. In the three months ending September 30, 2021 and onward, although there is concern over a shortage in semiconductor supply which could affect various markets, we generally expect demand for our major products, such as components relating to the 5G market and fine ceramic components for semiconductor processing equipment, will remain solid.
In this environment, we aim to achieve our consolidated financial forecasts by increasing sales through our proactive efforts to acquire orders and increase production through capital investment as well as improving productivity.