The Matsuda Sangyo Group engages in a wide range of businesses centered around the two pillars of the precious metals business segment and the food business segment, based on the corporate ethics of “making effective use of the limited earth resources and contributing to society through business.”
The Precious Metals Business Segment, based on the vision of becoming a “leading company that creates resource circulation (utilization),” will differentiate itself by continuously providing customers with high environmental value through the enhancement of the comprehensive resource recycling capabilities, based on efforts to provide products and services that reduce environmental burden and to develop and sell high-performance electronic materials, among others. It will expand domestic market share and develop new markets overseas, as well as explore the electronic devices industry, alongside efforts to develop the chemicals/automotive industries and the rechargeable batteries/e-scrap markets.
The Food Business Segment, based on the vision of becoming the “best partner for customers in product development,” will strengthen its core business (sale of ingredients) by expanding its procurement network for the raw materials for food products as well as its product lineup, and at the same time, work on building sales channels and developing safe, secure and sustainable products that capture the needs of customers, as well as expand sales domains by accelerating global roll-out.
In the semiconductor and electronic devices field of the electronics industry, which is the key customer for the Precious Metals Business Segment, demand for personal electronic devices was sluggish. However, demand was boosted by the automotive and industrial machinery sectors, and production activities remained strong until the second quarter. From the third quarter, production activities have continued to decline alongside falling demand.
Against this backdrop, although the Precious Metals Business Segment was impacted by the downtrend in some platinum group metals markets, it recorded an increase in precious metals recycling volume and industrial waste treatment outsourcing, as well as an increase in the sales volume of gold, silver, and platinum group products.
As a result, net sales and operating profit increased year-on-year. As a result of the above, net sales for the Precious Metals Business Segment were ¥246,578 million (up 27.8% year-on-year) and operating profit was ¥12,043 million (up 16.4% year-on-year).
The food production industry, which is the key customer for the Food Business Segment, continued to face tough conditions in general due to the impact of rising raw material prices. While stay-at-home demand brought about by the COVID-19 pandemic appears to have stabilized, demand for food products for industrial use increased as the economy moved toward reopening.
Amidst these circumstances, the Food Business Segment saw an increase in the sales volume of marine products, livestock products, and agricultural products, alongside an overall increase in selling prices. These factors contributed to a year-on-year increase in net sales, but operating profit decreased year-on-year due to the increase in transportation and storage costs as well as the impact of rising procurement prices.
As a result of the above, net sales for the Food Business Segment were ¥104,530 million (up 31.6% year-on-year) and operating profit was ¥1,774 million (down 23.9% year-on-year).
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