Message from the President
Thank you very much for your continued support and patronage of Dai Nippon Toryo Co., Ltd.
In fiscal 2022, the Japanese economy made progress in balancing Quarantine against COVID-19 with economic activity. However, the prolonged war between Ukraine and Russia has increased the prices of raw materials and energy. Furthermore, changes in the global economy have made the future of our business setting uncertain.
Our corporate group has undertaken major measures in our Management strategy. And In each segment, we worked to optimize product prices in response to rising raw material prices.
As a result, the Group's consolidated operating results were as follows: net sales of 72,849 million yen (up 8.8% year on year), operating income of 3,946 million yen (up 24.0% year on year), Ordinary income was 4,316 million yen (up 24.6% year on year). Profit attributable to owners of parent was 3,458 million yen (up 70.2% year on year) due to the sale of fixed assets in the fourth quarter.
Going forward, In the domestic paint business, which is our main market, we anticipate steady demand in the general sector.And In the industrial sector, we expect demand to gradually recover as economic activity recovers.However, fuel consumption is expected to rise further due to rising energy prices. And raw material prices remain uncertain.We will undertaken the main measures of the Management strategy and also undertaken reduction manufacturing costs.
We look forward to your continued support in these endeavors.
Takayuki Sato
Representative Director and President
Dai Nippon Toryo Co., Ltd.