* Forecasts for the fiscal year ending March 31, 2022, reflect the application of the Accounting Standard for Revenue Recognition. The year-on-year figures are shown for reference.Backed by strong demand related to semiconductors and electronic components as teleworking took off, sales expanded in Advanced Materials Operations during the fiscal year ended March 31, 2021. Although signs of recovery appeared in other operations from the third quarter, weak demand during the COVID-19 pandemic had an outsized impact, resulting in a second straight year of decline in consolidated net sales. Operating income expanded 10%, with record-setting profit in the Electronic and Optical Products segment thanks to robust performance in Advanced Materials Operations. pandemic makes it hard to draw accurate projections, LINTEC For the fiscal year ending March 31, 2022, although the Net SalesOperating Income Profit Attributable to Owners of Parenttargets growth in both sales and profits on the assumption that business conditions will gradually recover, with governments enacting economic stimulus and more people getting vac-cinated around the world. Looking at recent conditions, demand continues to show an overall recovery, but with the pandemic still an unpredictable factor, we are closely watching trends in prices for pulp, which remain high, and petrochemical raw materials prices. The Company has adopted the Accounting Standard for Revenue Recognition from the fiscal year ending March 31, 2022, and estimates this change will reduce net sales ¥13.6 billion.Fiscal year ended March 31, 2021 (year on year)LINTEC Integrated Report 2021FY2021 Consolidated Results and FY2022 Forecasts¥235.9 billion(down 2.0%)¥17.0 billion (up 10.3%)¥11.4 billion (up 18.6%)¥240.0 billion(up 1.7%)¥17.5 billion(up 2.8%)¥12.5 billion (up 9.6%)Fiscal year ending March 31, 2022 (year on year)25Review of Fiscal Year Ended March 31, 2021, and Outlook for Fiscal Year Ending March 31, 2022A Message from the CFOFocus on Increasing Profitability and Capital EfficiencyYoichi Shibano Director, Senior Executive Officer, and CFO, Executive General Manager, Administration Div. and General Manager, Finance & Accounting Dept.
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