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ROHM achieves record sales for two consecutive years in FY2022

Investing a total of 510 billion yen in SiC business to increase production capacity by 35 times, aiming for sales of 270 billion yen in FY2027.

Summary

  • Record sales achieved for the second year in a row: Net sales of 507.8 billion yen in FY2022. Sales of automotive and industrial equipment, on which the company focuses, increased. In addition, foreign exchange also contributed to a 12.3% increase in sales over the previous year.
  • Operating profit increased 29.2% YoY to 92.3 billion yen, benefiting from sales expansion as well as foreign exchange. The operating profit margin was 18.2% (up 2.4% YoY). Ordinary Profit and net Profit also increased substantially.
  • By Customer Nationality, outside of Japan sales ratio increased to 43% (up 3% YoY) due to growth in Europe, Americas, and other overseas markets.
  • Sales by segment were up 14.6% for ICs and 12.8% for Discrete semiconductor devices. Profit margins drove growth, with ICs exceeding margin of 20%.
  • The outlook for FY2023 is 540 billion yen in sales, a 6.3% increase over the previous year, due to steady growth in the automotive market.
  • Capital expenditures in FY2022 was a record-high 126.1 billion yen. Aggressive investments will continue to be made for mid- to long-term growth, with 160 billion yen planned for FY2023.
  • Investments for growth over the five years of the Medium-Term management Plan (FY2021-FY2025) has also been increased to a total of 600 billion yen.

Source: www.rohm.com

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