F3LC21-1N YOKOGAWA

Overall,we achieved an operating EBITDA margin of 14.3%.This result also benefited from lower expenses for the company and other programs,offsetting the adverse impact of higher costs for raw materials,some components,logistics and labor constraints through increased production and a successful pricing strategy.Notably,the recent spin-off of the Mechanical Power Transmission business had a positive 30 basis point impact on last year’s operating EBITDA margin of 13.8%.On the underlying operating level,I am pleased that operating EBITDA has improved despite the current inflation and value chain tensions.This shows that our efforts to increase accountability,transparency and responsiveness are paying off.

整体上，我们实现了14.3%的运营息税摊销前利润率。通过增加产量和成功的定价策略，抵消了原材料、部分零部件、物流和劳动力紧张等带来的成本上涨的不利影响，这一成果还受益于公司及其它项目的低开支。值得注意的是，近期机械动力传动业务的剥离对去年13.8%的运营息税摊销前利润率产生了30个基点的积极影响。在基础运营层面，我很高兴在当前通胀和价值链紧张的形势下，运营息税摊销前利润率仍有所提高。这表明，我们为提高问责制、透明度和反应速度所作出的努力正在取得回报。