Financial Results
Three months ended June 30, 2023
August 4, 2023
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 4, 2023 Financial Results Three months ended June 30, 2023
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, 2023 (Based on Japanese GAAP) '' disclosed at
G-TEKT official website on August 4, 2023. https://ssl4.eir-parts.net/doc/5970/ir_material_for_fiscal_ym11/139306/00.pdf
August 4, 2023 Financial Results Three months ended June 30, 2023
FY2023 three-month Performance Highlights Apr. - Jun.
(in JPY billion)
NET SALES
¥ | 78.8 B | (YOY variance) |
+16.8% | ||
OPERATING PROFIT | ||
¥ | 2.6 B | (YOY variance) |
+24.0% | ||
- Non mass-production sales decreased, but net sales increased compare to the previous year due to the increase in mass-production sales resulting from the recovery in production volume and the ease of semiconductor shortage, also by foreign exchange rate.
- Increase in the marginal profit from favorable variation of product mix contributed to the increase in operating profit, despite a decrease in non-mass production sales and increase in labor cost.
August 4, 2023 Financial Results Three months ended June 30, 2023
FY2023 three-month Financial Results | Apr. - Jun. |
3M-2022 | Change | YOY | 3M-2023 | Currency | |
(in JPY billion) | Apr. - Jun. | variance | Apr. - Jun. | effects | |
Net sales | 67.5 | +11.3 | +16.8% | 78.8 | +2.8 |
Operating profit | 2.1 | +0.5 | +24.0% | 2.6 | +0.1 |
Operating profit margin | 3.1% | +0.2pt | - | 3.3% | - |
Net income attributable | 2.9 | -0.2 | -3.9% | 2.7 | +0.1 |
to owners of parent | |||||
EPS (¥) | 66.51 | -2.68 | -4.0% | 63.83 | - |
August 4, 2023 Financial Results Three months ended June 30, 2023