Aichi Steel Corporation · TSE:5482
Aichi Steel — FY2023 Earnings Presentation
18 slides from Aichi Steel's earnings presentation, May 7, 2024
Slide 1: Financial Results Briefing
TSE Prime Securities code: 5482 Fiscal year ended March 2024 Financial Results Briefing Aichi Steel Corporation May 7, 2024
Slide 2: Agenda
Agenda 1. Summary of Financial Results for the Fiscal Year Ended March 31, 2024 (FY2023) 2. Financial Results Forecasts for the Fiscal Year Ending March 31, 2025 (FY2024)
Slide 3: 1. Summary of Financial Results for the Fiscal Year Ended March 31, 2024 (FY2023)
1. Summary of Financial Results for the Fiscal Year Ended March 31, 2024 (FY2023) Copyright © Aichi Steel Corporation 2023 All Rights reserved. 3
Slide 4: Key Financial Results for the Fiscal Year Ended March 31, 2024
Key Financial Results for the Fiscal Year Ended March 31, 2024 (1) Comparison with the previous fiscal year Net sales YoY change: Increased (record high) Operating profit YoY change: Increased (Billion yen) (Billion yen) 285.1 296.5 10.3 3.2 FY2022 FY2023 FY2022 FY2023 Specialty steel and Stainless
Slide 5: Consolidated Summary of Financial Results
Summary of Financial Results for the Fiscal Year Ended March 31, 2024 Net sales increased by 11.3 billion yen and operating profit increased by 7.1 billion YOY (Billion yen) Disclosed Change FY2022 FY2023 Change figure Change rate (Feb. 2) Net sales 285.1 296.5 +11.3 +4% 300.0 -3.4 Consolidated Oper
Slide 6: Analysis of Changes in Operating Profit
Analysis of Changes in Operating Profit for the Fiscal Year Ended March 31, 2024 Although there were impairment losses and inventory impacts from the previous year, profit increased due to selling prices increased and purchase prices decreased and reduction of factory costs * Exchange rate impact: -
Slide 7: Net Sales and Operating Profit by Company
Net Sales and Operating Profit by Company for the Fiscal Year Ended March 31, 2024 Net sales increased year-on-year at the Hagane Company and Kitaeru Company due to increases in selling prices, and decreased at the Stainless Steel Company and Smart Company due to decreases in sales volumes (Billio
Slide 8: Analysis of Changes in Operating Profit by Company
Analysis of Changes in Operating Profit by Company for the Fiscal Year Ended March 31, 2024 ・ Profit increased at Hagane Company and Stainless Steel Company from the previous fiscal year due to rising selling prices ・ Profit increased at Kitaeru Company due to rising selling prices and an increase i
Slide 9: Factors behind Difference from the Previously Disclosed Figures (February 2, 2024)
Factors behind Difference from the Previously Disclosed Figures (February 2, 2024) for the Fiscal Year Ended March 31, 2024 Additions to selling prices, increased profits at consolidated subsidiaries, and lower-than-forecasted purchase prices, etc., resulted in an increase in profit compared to the
Slide 10: Summary of the Fiscal Year Ended March 31, 2024
Summary of the Fiscal Year Ended March 31, 2024 [1] While sales volumes decreased, we were able to respond flexibly to changes by “Establish small setup and operate at absolute minimum” including “personnel management matched to fluctuations in demand” and “minimization of energy through the consoli
Slide 11: 2. Financial Results Forecasts for the Fiscal Year Ending March 31, 2025 (FY2024)
2. Financial Results Forecasts for the Fiscal Year Ending March 31, 2025 (FY2024) Copyright © Aichi Steel Corporation 2023 All Rights reserved. 11
Slide 12: Consolidated Financial Results Forecasts for the Fiscal Year Ending March 31, 2025
Financial Results Forecasts for the Fiscal Year Ending March 31, 2025 We forecast net sales of 300.0 billion yen (record high) and operating profit of 7.0 billion yen (decrease of 3.3 billion yen from FY2023) (Billion yen) FY2023 FY2024 Change Change rate Net sales 296.5 300.0 +3.5 +1% Consolidated
Slide 13: Prerequisites for the results forecast for the fiscal year ending March 31, 2025
Prerequisites for the results forecast for the fiscal year ending March 31, 2025 Sales volume (non-consolidated) Hagane Company Stainless Steel Company Kitaeru Company Smart Company (Specialty Steel) (Stainless Steel) (Forging) (Electronic parts) Strong performance by Year-on-year slight increase Ye
Slide 14: Forecasts and Analysis of Changes in Operating Profit for FY Ending March 2025
Financial Results Forecasts and Analysis of Changes in Operating Profit for the Fiscal Year Ending March 2025 We expect a year-on-year decrease in operating profit as profit decreasing factors such as lower selling prices and soaring purchase prices will exceed profit increasing factors such as incr
Slide 15: Steady Growth Based on Capability in the Financial Results Forecasts
Steady Growth Based on Capability in the Financial Results Forecasts for the Fiscal Year Ending March 31, 2025 We expect a fall in profits in the financial results forecasts, but will aim for increased profits on an capability base, after excluding transient factors like the slide gap, which is infl
Slide 16: Dividends
Dividends Dividends were 60 yen at the end of the term and 100 yen for the full term For the fiscal year ending March 31, 2025, we expect an interim dividend of 35 yen and a full year dividend of 70 yen Fiscal year ending March 31, (Billion 2025 Fiscal year ended March 31, 2024 (Forecast) yen) Inter
Slide 17: Thank you very much.
Thank you very much. Aichi Steel Corporation assumes no responsibility for any loss arising from the use, misuse, or distribution of this document or the information contained herein, or anything related thereto. The so-called forward-looking information contained in the materials used in this prese
Slide 18: Innovate Materials. Create Tomorrow.
Innovate Materials. Create Tomerrow.