¥256,836 million(up 8.9%)¥16,641 million(up 45.9%)¥21,584 million(up 26.7%)14Consolidated Business Results in Fiscal Year Ended March 31, 2022 (Year on Year)Net SalesOperating IncomeProfit Attributable to Owners of ParentAchieving the Management Targets of Our Medium-Term Business Plan in the First YearThe fiscal year ended March 31, 2022, was the first year of our medium-term business plan, LSV 2030-Stage 1. This plan is an initial milestone toward the realization of LINTEC SUSTAINABILITY VISION 2030 (LSV 2030), our long-term vision for 2030. In addition to a major sales increase supported by favorable demand for semiconductor- and electronic component-related products, sales of other products that had been significantly affected in the previous year by the COVID-19 pandemic rebounded, resulting in steady overall progress. Net sales and profit both reached record highs, despite our application of the Accounting Standard for Revenue Recognition to the fiscal year’s consolidated performance, which had a ¥13.6 billion negative impact on net sales. Accordingly, we reached our management targets for the fiscal year ending March 31, 2024, the final year of LSV 2030-Stage 1, in the first year of the plan, which were ¥255.0 billion in net sales, ¥21.0 billion in operating income, and ¥14.0 billion in profit attribut-able to owners of parent. I credit this strong performance to the steady efforts of all LINTEC Group employees to focus on the stable supply of products and the development and sales expansion of new products despite a difficult business environment.A Message from the PresidentWe will strive to reach our new management targets and realize our long-term vision.
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