The sales amounted to 1,419.6 billion yen up 45.8% comparing with last year, with an operating income of 87.198 billion yen and an ordinary profit of 86.861 billion yen. The net loss attributable to the parent company shareholders for the term remained amounting to 12.094 billion yen.

Although the operating income and ordinary profit turned out of the negative trend, a net loss was shown in the account because the company posted a special loss amounting to a total of 86.968 billion, which includes 30.1 billion for the structural improvement of business related to the transfer of power storage device and 9 billion yen for the environmental protection cost in the production base of aluminum functional material business.

The chemical product segment dealing with industrial gases and specialty gases showed a great growth with a sale increase by 20.0% and an operating income increase by 60,2%.

As for the industrial gas business, there was a great decrease in the demand for liquid carbon dioxide and dry ice due to the declaration of emergency state in 2020, but after the recovery to some extent after then, the sales and profit turned out to be in an increasing tendency. Specialty gases for semiconductor kept enjoying a thriving demand with a continued growth in sales.

Regarding the forecast of the next term, sales at the end of the second quarter is estimated to be 640 billion yen down 7.7% from the same term of last year with an operating income of 29 billion down 39% and an ordinary profit of 27 billion down 46.2%. The net profit attributable to the parent company shareholders for the term is estimated to amount to 6 billion yen. As for a full-year forecast, sales will be 1,350 billion yen down 4.9% with an operating income of 84 billion yen down 3.7% and an ordinary profit o 79 billion yen down 9.1%. the net profit attributable to the parent company shareholders for the term is estimated to amount to 27 billion yen.

From 2022 the company reorganized the current seven business segments into five new ones, namely Semiconductor/electronic material, Mobility, Innovation materials, Chemical and Others. By this reorganization, industrial gases are classified as Chemical, while the SPG (electronic chemical) is associated into the segment of Semiconductor/Electronic Material.