Revenue Growth
Revenue increased by 3.3% year-over-year, with a core operating income increase of 10.4%. The COI margin improved to 14.4%, up 90 basis points.
Positive Performance in Europe
European revenue increased by 8.4% year-over-year, excluding currency impact, increased by 5.9%. Segment income also improved by 15.1%.
Sustainability Initiatives
Strong focus on sustainability, including efforts to reduce GHG emissions and biodiversity conservation, with an online sustainability IR conference planned.
Acquisition in Europe
Nippon Gases Europe acquired a 51% stake in the Italian engineering firm Polaris, enhancing engineering capabilities and pursuing carbon-neutral business opportunities.