Revenue Growth and Core Operating Income Increase
Revenue increased by 6.6% year-over-year, with Core Operating Income rising by 18.7%. Excluding currency impacts, Core Operating Income was up 8.8%, and the Core Operating Income margin improved to 14.7%.
Productivity and Price Management
The company attributes its strong financial performance to effective price management, moderating energy costs, and operational excellence with productivity improvements.
U.S. Business Performance
U.S. business revenue increased by 12.9%, with segment income rising by 32.3%, driven by effective price management and productivity initiatives.
European Segment Growth
European segment revenue increased by 16.3%, and segment income grew by 26.6%, supported by increased shipment volumes and a decline in electricity costs.
Strategic Acquisitions and Investments
The company announced the acquisition of an LP gas business in Australia and continued to report a strong capital investment backlog of approximately ¥180 billion.