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, the impact of the semiconductor shortage and other factors have generally been resolved, and total production volume is on a gradual recovery trend. However, there are concerns that Japanese manufacturers’ market share in the Chinese market will decline, and in the domestic market, several manufacturers will suspend production and shipments or postpone new launches due to fraud issues among automobile manufacturers, etc.
Under these circumstances, we recorded 4.4% consolidated accounting year on year decrease in sales, to 17,659 million yen due to increased capacity utilization and the foreign exchange effects of yen depreciation.
Operating loss was 238 million yen (operating income of 286 million yen consolidated accounting year-on-year) due to sales decrease.
Ordinary loss was 211 million yen (ordinary income of 417 million yen consolidated accounting year-on-year) .
Net loss attributable to owners of the parent was 323 million yen (net loss attributable to owners of the parent of 498 million yen consolidated accounting year-on-year).
The forecast for FY24 remains unchanged from the forecasts announced on May 14, 2024, of 77,000 million yen in sales, 1,700 million yen in operating income, 1,500 million yen in ordinary income, and 600 million yen in net income attributable to shareholders of the parent company.
I would like to ask our shareholders for their continuous understanding and support.
August 8th, 2024
President & CEO
