Shulou(Shulou.com)11/24 Report--

CTOnews.com May 14 news, the armor recently released the 2022 fiscal year financial report, full-year operating income of 1.2821 trillion yen (CTOnews.com Note: currently about 66.028 billion yuan), the last fiscal year was 1.5262 trillion yen (currently about 78.599 billion yuan), down about 16% from the same period last year. The net loss is 138.1 billion yen (currently about 7.112 billion yuan), compared with a net profit of 105.9 billion yen (currently about 5.454 billion yuan) in the last fiscal year.

▲ armor Yokkaichi factory, photo source: armor official website

In the first three months of this year, Hai Xia's revenue was 245.2 billion yen (currently about 12.628 billion yuan), compared with 278.2 billion yen (currently about 14.327 billion yuan) in the previous quarter, down about 12% from a year earlier. In addition to sluggish sales of memory chips for smartphones and computers, memory for data center applications is also being destocked, putting the brakes on demand for memory chips.

CTOnews.com consulted the armor report and learned that this was the worst quarterly loss since its inception. The last quarterly loss of this magnitude was in the second quarter of 2019, when the main factory in Yokkaichi suffered a power outage, when the net loss was 98.9 billion yen (currently about 5.093 billion yuan).

Although the unit price of sales is about 20% higher than that of the previous quarter (October-December 2022), weak investment in IT and low consumption are the main reasons for the losses, said the armor. In addition, the property tax recorded in accordance with international accounting standards has also had a negative impact on the performance of the armor.

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