I would like to offer my sincere gratitude to all of our shareholders for your support and understanding.
Among the business environment surrounding our group, it continues to be uncertain due to high raw material and energy costs, rising labor and logistics costs, and sharp fluctuations in foreign exchange rates.
Automotive industry which our group belongs, it continues to face a difficult situation that several manufacturers will suspend production and shipments or postpone new launches due to fraud issues among automobile manufacturers in domestic market, and Japanese manufacturers’ market share in the Chinese market will decline.
Under these circumstances, we recorded 1.0% consolidated accounting year on year increase in sales, to 38,863 million yen due to increased production and sales volume by our customers.
412.3% year-on-year increase on operating income, to 504 million due to sales increase and effect of cost reduction activity.
Ordinary income was 469 million yen (ordinary loss of 209 million yen consolidated accounting year-on-year) due to improved operating income.
Net loss attributable to owners of the parent was 107 million yen (net loss attributable to owners of the parent of 586 million yen consolidated accounting year-on-year) .
For FY24, we forecast sales of 77,000 million yen, operating income of 1,700 million yen, ordinary income of 1,500 million yen, and net income attributable to shareholders of the parent company of 600 million yen as previously announced on May 14th, 2024.
I would like to ask our shareholders for their continuous understanding and support.
November 12th, 2024
President & CEO
