Aichi CorporationTSE: 6345

Consolidated Financial Results for the Year Ended March 31, 2025

Apr 23, 2025 at 6:52 AM UTC · Issued by Aichi Corporation

Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Results

for the Year Ended March 31, 2025

[Japanese GAAP]

April 23, 2025

Company name: AICHI CORPORATION

Listing: Tokyo Stock Exchange, Nagoya Stock Exchange

Securities code: 6345

URL: https://www.aichi-corp.co.jp

Representative: Toshiya Yamagishi, President and Representative Director

Inquiries: Akihiko Noda, Accounting General Manager

Telephone: +81-48-781-1111

Scheduled date of annual general meeting of shareholders: June 13, 2025

Scheduled date to commence dividend payments: May 29, 2025

Scheduled date to file annual securities report: June 12, 2025

Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes

			(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (April 1, 2024 to March 31, 2025)
(1) Consolidated Operating Results			(Percentages indicate year-on-year changes.)

	Net sales	Operating profit	Ordinary profit		Profit attributable to
		owners of parent

Fiscal year ended	Millions of yen	%	Millions of yen	%	Millions of yen	%	Millions of yen	%
March 31, 2025	59,306	11.6	7,440	17.3	8,225	17.2	6,334	20.2
March 31, 2024	53,129	(12.4)	6,341	(13.7)	7,018	(12.4)	5,270	(11.5)

(Note) Comprehensive income:	Fiscal year ended March 31, 2025:
	Fiscal year ended March 31, 2024:

¥	5,291 million	[	(20.7) %]
¥	6,672 million	[	18.1%]

	Basic earnings per	Diluted earnings per	Rate of return on	Ordinary profit to	Operating profit to
	share	share	equity	total assets ratio	net sales ratio

Fiscal year ended	Yen	Yen	%	%	%
March 31, 2025	84.96	-	7.6	8.4	12.5
March 31, 2024	70.26	-	6.6	7.4	11.9

(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended March 31, 2025: Fiscal year ended March 31, 2024:

469 million
443 million

(2) Consolidated Financial Position

		Total assets	Net assets	Capital adequacy ratio	Net assets per share

As of		Millions of yen		Millions of yen	%	Yen
March 31, 2025		100,358		84,023	83.7	1,126.92
March 31, 2024		94,921		81,789	86.2	1,096.95
(Reference) Equity:	As of March 31, 2025:	¥	84,023 million
	As of March 31, 2024:	¥	81,789 million
(3) Consolidated Cash Flows

		Cash flows		Cash flows	Cash flows	Cash and
			cash
		from	from	from
		equivalents at the end
		operating activities	investing activities	financing activities
		of period

Fiscal year ended		Millions of yen	Millions of yen	Millions of yen	Millions of yen
March 31, 2025		9,871		(1,955)	(3,133)	46,871
March 31, 2024		7,111		32,763	(3,551)	42,131

―1―

2. Dividends

			Annual dividends				Dividends
								Payout
							Total	to net
							ratio
	1st		2nd	3rd	Year-end	Total	dividends	assets
			(consolidated)
	quarter-end	quarter-end	quarter-end				(consolidated)

Fiscal year ended		Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
March 31, 2024		-	19.00	-	21.00	40.00	2,994	56.9	3.7
March 31, 2025		-	20.00	-	35.00	55.00	4,100	64.7	4.9

Fiscal year ending
March 31, 2026		-	30.00	-	30.00	60.00		61.0
(Forecast)

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2026 (April 1, 2025 to March 31, 2026) (Percentages indicate year-on-year changes.)

	Net sales		Operating profit	Ordinary profit	Profit attributable to	Basic earnings per
		owners of parent	share


	Millions of			Millions of		Millions of		Millions of
	yen		%	yen	%	yen	%	yen	%	Yen
Full year	61,000		2.9	7,600	2.1	8,300	0.9	6,500	2.6	98.34
* Notes:
(1) Significant changes in the scope of consolidation during the period:			None

Changes in accounting policies, changes in accounting estimates, and restatement
1. Changes in accounting policies due to revisions to accounting standards and other regulations: None
2. Changes in accounting policies due to other reasons: None
3. Changes in accounting estimates: None
4. Restatement: None
Number of issued shares (common shares)
1. Total number of issued shares at the end of the period (including treasury shares):

March 31, 2025:	74,570,000	shares
March 31, 2024:	74,570,000	shares
2) Number of treasury shares at the end of the period:
March 31, 2025:	9,922	shares
March 31, 2024:	9,697	shares

3) Average number of shares outstanding during the period:
Fiscal Year ended March 31, 2025:	74,560,181	shares
Fiscal Year ended March 31, 2024:	75,010,765	shares

―2―

(Reference) Overview of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (April 1, 2024 to March 31, 2025)
(1) Non-consolidated Operating Results							(Percentages indicate year-on-year changes.)

		Net sales			Operating profit			Ordinary profit	Net income

Fiscal year ended		Millions of yen		%		Millions of yen	%			Millions of yen	%	Millions of yen	%
March 31, 2025		59,235		11.9		7,235	16.4		8,636	33.8	6,804	44.7
March 31, 2024		52,956		(11.7)		6,218	(14.7)		6,452	(21.8)	4,701	(26.0)

		Basic earnings per share	Diluted earnings per share

Fiscal year ended				Yen		Yen
March 31, 2025				91.26			-
March 31, 2024				62.68			-
(2) Non-consolidated Financial Position

		Total assets		Net assets		Capital adequacy ratio	Net assets per share

As of		Millions of yen		Millions of yen				%		Yen
March 31, 2025				95,470			78,762				82.5		1,056.36
March 31, 2024				89,777			76,038				84.7		1,019.82
(Reference) Equity:	As of March 31, 2025:			¥	78,762 million
	As of March 31, 2024:			¥	76,038 million

Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters

The forecasts given in this document are based on the current available information in the company and certain reasonable assumptions of the company. And we don't commit to achieve these forecasting numbers. Actual results may differ from these forecasts by a variety of reasons.

―3―

Consolidated Financial Statements

Consolidated Balance Sheets

				(Thousands of yen)
			As of March 31, 2024	As of March 31, 2025

Assets
	Current assets

	Cash and deposits		42,131,006	46,871,546
	Notes receivable - trade	5,388,054	2,282,192

	Accounts receivable - trade		11,690,930	13,932,423
	Merchandise and finished goods	2,819,650	1,904,576

	Work in process		1,643,386	1,172,573
	Raw materials and supplies	1,562,785	4,011,703

	Other		592,449	873,430
	Total current assets	65,828,262	71,048,447

	Non-current assets
	Property, plant and equipment

	Buildings and structures		20,094,861	20,160,813
	Accumulated depreciation	(13,439,088)	(13,936,251)

	Buildings and structures, net		6,655,773	6,224,561
	Machinery, equipment and vehicles	10,243,708	10,782,454

	Accumulated depreciation		(8,831,923)	(9,335,962)
	Machinery, equipment and vehicles, net	1,411,784	1,446,491

	Tools, furniture and fixtures		3,057,019	3,064,141
	Accumulated depreciation	(2,857,974)	(2,895,682)

	Tools, furniture and fixtures, net		199,044	168,458
	Land	8,522,521	9,648,734

	Leased assets		732,253	618,109
	Accumulated depreciation	(505,936)	(421,673)

	Leased assets, net		226,317	196,435
	Construction in progress		134,614	1,519,142

	Total property, plant and equipment		17,150,055	19,203,823
	Intangible assets	651,201	599,350

	Investments and other assets
	Investment securities	7,066,511	5,395,663

	Retirement benefit asset		600,466	940,995
	Other	3,630,421	3,175,773

	Allowance for doubtful accounts		(5,301)	(5,107)
	Total investments and other assets	11,292,097	9,507,325

	Total non-current assets		29,093,354	29,310,499
	Total assets		94,921,617	100,358,946

―4―

				(Thousands of yen)
			As of March 31, 2024	As of March 31, 2025

Liabilities
	Current liabilities

		Notes and accounts payable - trade	7,372,886	9,617,405
		Lease liabilities	72,642	59,582

		Income taxes payable	862,617	1,790,996
		Provision for bonuses for directors (and other	38,000	26,000
		officers)

		Provision for product warranties	133,476	125,071
		Other	2,430,428	2,993,834

		Total current liabilities	10,910,051	14,612,890
	Non-current liabilities

		Lease liabilities	183,348	154,999
		Deferred tax liabilities	1,383,340	913,396

		Deferred tax liabilities for land revaluation	616,302	616,302
		Other	39,511	37,787

		Total non-current liabilities	2,222,503	1,722,485
	Total liabilities	13,132,554	16,335,376

Net assets
	Shareholders' equity

		Share capital	10,425,325	10,425,325
		Capital surplus	9,923,342	9,923,342

		Retained earnings	56,428,242	59,705,918
		Treasury shares	(8,939)	(9,231)

		Total shareholders' equity	76,767,970	80,045,354
	Accumulated other comprehensive income

		Valuation difference on available-for-sale	4,025,637	3,002,523
		securities

		Revaluation reserve for land	(1,624,044)	(1,624,044)

		Foreign currency translation adjustment	1,218,929	1,126,307
		Remeasurements of defined benefit plans	1,400,570	1,473,428

		Total accumulated other comprehensive income	5,021,092	3,978,215
	Total net assets	81,789,062	84,023,570

Total liabilities and net assets	94,921,617	100,358,946

―5―

Consolidated Statements of Income and Comprehensive Income

Consolidated Statements of Income

			(Thousands of yen)
		For the fiscal year	For the fiscal year
		ended March 31, 2024	ended March 31, 2025

Net sales	53,129,278	59,306,955
Cost of sales	41,350,074	46,253,116

Gross profit	11,779,203	13,053,839
Selling, general and administrative expenses

	Packing and delivery expenses	519,553	673,292
	Advertising expenses	79,936	68,069

	Sales commission	18,000	17,514
	Remuneration for directors (and other officers)	77,178	65,826

	Salaries, allowances and bonuses	2,123,220	2,172,814
	Provision for bonuses for directors (and other officers)	34,591	22,216

	Retirement benefit expenses	100,998	60,963
	Welfare expenses	457,976	469,569

	Communication and transportation expenses	272,583	249,426
	Depreciation	298,976	299,153

	Repair expenses	71,925	72,510
	Rent expenses	143,307	147,793

	Research and development expenses	424,499	345,930
	Other	814,839	948,546

	Total selling, general and administrative expenses	5,437,588	5,613,628
Operating profit	6,341,615	7,440,210

Non-operating income
	Interest income	19,402	61,429

	Dividend income	174,111	183,896
	Foreign exchange gains	7,492	34,259

	Share of profit of entities accounted for using equity	443,652	469,497
	method

	Miscellaneous income	34,566	37,136

	Total non-operating income	679,226	786,219
Non-operating expenses

	Miscellaneous losses	1,992	769
	Total non-operating expenses	1,992	769

Ordinary profit	7,018,849	8,225,659

―6―

			(Thousands of yen)
		For the fiscal year	For the fiscal year
		ended March 31, 2024	ended March 31, 2025

Extraordinary income
Gain on sale of non-current assets	763	-

Gain on sale of investment securities		469,008	871,100
Total extraordinary income	469,771	871,100

Extraordinary losses
Loss on retirement of non-current assets	998	13,296

Loss on sale of investment securities		-	765
Impairment losses	415	306

TOB related expenses		-	101,570
Total extraordinary losses	1,414	115,939

Profit before income taxes	7,487,206	8,980,820
Income taxes - current	1,987,427	2,698,799

Income taxes - deferred	229,699	(52,624)
Total income taxes	2,217,127	2,646,174

Profit	5,270,078	6,334,645
Profit attributable to owners of parent	5,270,078	6,334,645

―7―

Consolidated Statements of Comprehensive Income

			(Thousands of yen)
		For the fiscal year	For the fiscal year
		ended March 31, 2024	ended March 31, 2025

Profit	5,270,078	6,334,645
Other comprehensive income

	Valuation difference on available-for-sale securities	142,698	(1,023,113)
	Foreign currency translation adjustment	182,567	(52,603)

	Remeasurements of defined benefit plans, net of tax	848,531	72,858
	Share of other comprehensive income of entities	228,179	(40,018)
	accounted for using equity method

Total other comprehensive income

Comprehensive income

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

Comprehensive income attributable to non-controlling interests

1,401,977	(1,042,876)
6,672,056	5,291,768



6,672,056	5,291,768

-	-

―8―

Consolidated Statements of Changes in Equity

For the fiscal year ended March 31, 2024

				(Thousands of yen)

		Shareholders' equity

			Retained		Total
	Share capital	Capital surplus	Treasury shares	shareholders'
	earnings
				equity

Balance at beginning	10,425,325	9,923,342	54,606,278	(313)	74,954,632
of period

Changes during
period
Dividends of			(2,858,014)		(2,858,014)
surplus

Profit attributable to			5,270,078		5,270,078
owners of parent

Purchase of				(598,726)	(598,726)
treasury shares

Cancellation of		(590,100)		590,100	-
treasury shares

Transfer from
retained earnings to		590,100	(590,100)		-
capital surplus
Net changes in
items other than					-
shareholders' equity
Total changes	-	-	1,821,963	(8,625)	1,813,337
during period

Balance at end of	10,425,325	9,923,342	56,428,242	(8,939)	76,767,970
period


		Accumulated other comprehensive income

	Valuation				Total
		Foreign currency	Remeasurements	accumulated	Total net assets
	difference on	Revaluation
	translation	of defined	other
	available-for-	reserve for land
	adjustment	benefit plans	comprehensive
	sale securities
				income

Balance at beginning	3,882,938	(1,624,044)	808,182	552,038	3,619,115	78,573,747
of period

Changes during
period
Dividends of						(2,858,014)
surplus

Profit attributable to						5,270,078
owners of parent

Purchase of						(598,726)
treasury shares

Cancellation of						-
treasury shares

Transfer from
retained earnings to						-
capital surplus
Net changes in
items other than	142,698	-	410,747	848,531	1,401,977	1,401,977
shareholders' equity
Total changes	142,698	-	410,747	848,531	1,401,977	3,215,315
during period

Balance at end of	4,025,637	(1,624,044)	1,218,929	1,400,570	5,021,092	81,789,062
period

―9―

For the fiscal year ended March 31, 2025

				(Thousands of yen)

		Shareholders' equity

			Retained		Total
	Share capital	Capital surplus	Treasury shares	shareholders'
	earnings
				equity

Balance at beginning	10,425,325	9,923,342	56,428,242	(8,939)	76,767,970
of period

Changes during
period
Dividends of			(3,056,969)		(3,056,969)
surplus

Profit attributable to			6,334,645		6,334,645
owners of parent

Purchase of				(291)	(291)
treasury shares

Net changes in
items other than					-
shareholders' equity
Total changes	-	-	3,277,676	(291)	3,277,384
during period

Balance at end of	10,425,325	9,923,342	59,705,918	(9,231)	80,045,354
period


		Accumulated other comprehensive income

	Valuation				Total
		Foreign currency	Remeasurements	accumulated	Total net assets
	difference on	Revaluation
	translation	of defined	other
	available-for-	reserve for land
	adjustment	benefit plans	comprehensive
	sale securities
				income

Balance at beginning	4,025,637	(1,624,044)	1,218,929	1,400,570	5,021,092	81,789,062
of period

Changes during
period
Dividends of						(3,056,969)
surplus

Profit attributable to						6,334,645
owners of parent

Purchase of						(291)
treasury shares

Net changes in
items other than	(1,023,113)	-	(92,621)	72,858	(1,042,876)	(1,042,876)
shareholders' equity
Total changes	(1,023,113)	-	(92,621)	72,858	(1,042,876)	2,234,507
during period

Balance at end of	3,002,523	(1,624,044)	1,126,307	1,473,428	3,978,215	84,023,570
period

―10―