Shape the Future
Earnings Release
Three months ended June 30, 2022
August 05, 2022
August 5, 2022 Earnings Release Three
months ended June 30, 2022
Disclaimer
This presentation contains forward looking statements which reflect Management's current views and estimates. The forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments.
August 5, 2022 Earnings Release Three months ended June 30, 2022
Reminders
- All amounts are in JPY (unless otherwise noted)
- ''Mass production'' sales in this report means sales of assembly and transmission parts
- ''Non-massproduction'' sales in this report means sales of equipment, die and new model prototype
- G-ONEAUTO PARTS DE MEXICO, S.A. DE C.V. (G-ONE), the equity-method affiliate, is excluded from North America Segment
- Financial statements are available in '' Summary of Consolidated Financial Results for the Three Months Ended June 30, 2022 (Based on Japanese GAAP) '' disclosed at
G-TEKT official website on August 5, 2022. https://ssl4.eir-parts.net/doc/5970/ir_material_for_fiscal_ym11/122059/00.pdf
August 5, 2022 Earnings Release Three months ended June 30, 2022
Key messages
- Three-MonthsResults: Year-on-year net sales growth of 21.0% and operating profit growth of 28.5%
- The semiconductor shortage and the Shanghai lockdown led our clients' reduced production at the beginning; however, the second half saw a recovery trend
- The balance of geographical segments and customer mix supported
- Revisions in material unit prices and foreign exchange impact contributed
- Manufacturing cost control in response to production fluctuations
- Improving margins in non-mass production and continued cost saving activities
- Continuous remote working and computerized operations, countermeasures for COVID-19, reduced labor hours and expenses
- Agreed to launch joint development with Ahresty Corp., whose core business is automotive die casting, pursuing the potential of aluminum materials from environmental standpoints.
August 5, 2022 Earnings Release Three months ended June 30, 2022
Three-month 2022 financial results | |||||||||
Apr.-Jun. | |||||||||
JPY BILLIONS - EXCEPT PER SHARE FIGURES | |||||||||
3M-2021 | 3M-2022 | YOY variance | Currency effects | ||||||
Apr.-Jun. | Apr.-Jun. | ||||||||
Net sales | ¥ | 55.7 | ¥ | 67.5 | 21.0% | 8.3 | |||
SG&A expenses | ¥ | 3.3 | ¥ | 3.6 | 11.3% | 0.4 | |||
Operating profit | ¥ | 1.6 | ¥ | 2.1 | 28.5% | 0.3 | |||
Operating profit margin | 2.9% | 3.1% | +0.2Pt | - | |||||
Net income attributable to | ¥ | 1.4 | ¥ | 2.9 | 106.4% | 0.2 | |||
owners of parent | |||||||||
EPS | ¥ | 32.25 | ¥ | 66.51 | - | - | |||
EBITDA | ¥ | 5.5 | ¥ | 6.1 | 14.1% | - | |||
Depreciation | ¥ | 3.8 | ¥ | 4.1 | 8.0% | - |
August 5, 2022 Earnings Release Three months ended June 30, 2022
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