We introduce topics regarding the latest financial results.
We announced the financial results for FY2024Q3, on Feburuary 12, 2025.
FY2024Q3 results (from April 1, 2024 to December 31, 2024)
Through the end of the first nine months of the fiscal year ending March 31, 2025, based on overall recovering demand, the consolidated financial results were increased profit on higher revenue compared to the same period last year with net sales of JPY 882.0 billion (increased by 15.3% YoY) and operating profit of JPY 31.4 billion (improvement of JPY 32.0 billion YoY). Ordinary profit was JPY 36.1 billion following increased share of profit of entities accounted for using equity method (improvement of JPY 39.1 billion YoY). As a result, profit attributable to owners of parent was JPY 16.4 billion (improvement of JPY 22.9 billion YoY).
FY2024 forecasts (from April 1, 2024 to March 31, 2025)
Concerning the outlook for the full-year consolidated financial results for the fiscal year ending March 31, 2025, net sales and operating profit are expected to exceed the previously announced forecast due to the revision of assumption for the business environment risks in the Automotive Products business and increased sales from Japan underground power cable projects, functional power cable and transmission and distribution components in the Energy Infrastructure business. Moreover, ordinary profit is expected to exceed the previously announced forecast due to increased share of profit of entities accounted for using equity method and improved foreign exchange gains (losses), and profit attributable to owners of parent is also expected to exceed the previously announced forecast due to factors including the sale of strategic shareholdings.
| Net sales | JPY 1,190.0 billion (up 12.6％ yoy） |
|---|---|
| Operating profit | JPY 42.0 billion (up 276.0 % yoy) |
| Ordinary profit | JPY 46.0 billion (up 348.0% yoy) |
| Profit attributable to owners of parent | JPY 30.0 billion (up 360.9% yoy) |
Disclaimer
Within the information found on our website, excluding past and present facts, the economic conditions including business forecasts for our group’s businesses, exchange rate fluctuations and other factors that may impact the financial results are based on forecasts and assumptions made by our group using the information available at that time. Also, forward-looking statements contain known and unknown risks and uncertainties, and the actual results may differ significantly from the forward-looking statements. In addition, we are not obligated to update forward-looking statements found on our website.