■Interim Consolidated Financial Results

During this interim consolidated fiscal period, the net sales have increased 3.6% year-on-year to 60.3 billion yen (JPY) due to our customers’ increased production at Japan and Southeast Asia and increased sales due to foreign exchange rate in North America, despite decrease in revenue owing to reduction of sales price resulting from difficulties of Japanese automotive manufacturers in China, production cuts by our customers in North America, and a decline in raw material prices. In terms of profit and loss, although there were positive factors such as increased sales in Japan and Southeast Asia, operating income decreased 11.6% year-on-year to 1.5 billion yen (JPY) and ordinary income decreased 38.1% year-on-year to 1.3 billion yen (JPY) due to decreased sales in North America and China, increase in labor costs due to wage growth and so forth. Interim net income attributable to owners of parent decreased 56.2% year on year to 0.8 billion yen (JPY).

■Forecast for full fiscal year

As for the full-year outlook for the fiscal year ending March 2025, despite the smooth progress in the first half of the fiscal year, with the new vehicle development expenses that have been delayed from the first half expected to incur in the second half, there is no change in figures from the consolidated earnings guidance announced on May 10, 2024, and net sales are expected to be 122.0 billion yen (JPY) and operating income are expected to be 2.0 billion yen (JPY).

December 2024