During the nine months ended September 30, 2024, the global economy trended toward recovery. In the United States, the economy expanded as consumer spending and production activities remained firm. In Europe, the economy came to a temporary standstill as production activities slowed down. In China, a weak economy continued as domestic demand remained sluggish. Meanwhile, the Japanese economy recovered moderately due in part to strong production activities in the electronic components markets, although production activities declined in part of mobility markets.
Under these conditions, during the nine months ended September 30, 2024, product demand in the fields of decorations and sustainable materials remained firm, and productivity and efficiency improved in the Industrial Materials segment. In the Devices segment, there was a recovery in product demand for tablets and handheld terminals (logistics related). In the Medical Technologies segment, the acquisition of companies has begun to contribute to earnings, while strong product demand remains steady.
As a result, regarding the financial results for the nine months ended September 30, 2024, net sales were ¥148,402 million (an increase of 19.8% as compared to the same period of the previous year), operating profit was ¥6,110 million (operating loss of ¥414 million in the same period of the previous year) and profit attributable to owners of parent was ¥4,423 million (an increase of 668.8% as compared to the same period of the previous year).