Power Cable, Electric Components for Transmission and Transforming, Industrial Wire & Cable / Electric Equipment Wire & Cable, Electrical Insulating Tape, Power distribution products

Results of operations in FY2022 (Year ended March 31, 2023)

As for Energy Infrastructure business, although the sales from Chinese subsidiary declined due to the impact of delay in construction for clients because of the spread of COVID-19 in China, both net sales and profit increased as a result of strong sales of underground cables in Japan, smooth recording of sales from shipment/installation of cables for the submarine cables/water pipe project, and progress in cost pass-through to cover increased raw material and fuel costs.
As for Energy Infrastructure business, we will focus on the areas where market expansion is expected, such as extra-high voltage underground cables in Japan, and submarine and underground cables for renewable energy including solar and offshore wind power; strengthen our cable production capacity and construction capacity, and also expand sales of such functional products as light weight and flexible aluminum CV cables for constructions that contribute to labor-saving and increased efficiency as well as products for power transmission and distribution, aiming at increasing net sales.

  2021/3 2022/3 2023/3
Net sales
(Billions of yen)
100.9 105.7 106.3
Operating income
(Billions of yen)
-1.9 1.4 2.1