I. FY2024 Full-year Results
II. Full-year Forecasts for FY2025
Full-year performance summary
I. FY2024 Full-year Results
Net sales were down YoY due to lower sales volumes to the construction machinery and automotive
industries.
Operating income grew YoY due to factors including the contributions to sales of strategic businesses (precision spring components and the overseas steel bars business).
Ordinary income and net income were up sharply YoY thanks to higher operating income, lower non-operating expenses, and other factors, despite the recording of extraordinary losses associated with our withdrawal from the German springs business.
Exchange rate | (JPY100M) | ||||
End of March 2024 | End of March 2025 | ||||
FY2023 results | FY2024 results | YoY change | |||
JPY151 | JPY150 | ||||
Net sales | 1,699 | 1,596 | △109 | ||
Operating income | 48 | 66 | 18 | ||
Ordinary income | 19 | 49 | 30 | ||
Net income attributable to owners of parent company | △10 | 24 | 34 | ||
Factors contributing to changes in net sales and operating income
(YoY comparison)
I. FY2024 Full-year Results
Net sales(JPY100M)
Sales
volumes
Selling prices
Sales under contract*
Foreign exchange gains/losses
Consolidation adjustments, etc.
FY2024
full-year results
FY2023
full-year results
Operating income
*: Sales under contract to Nippon Steel Corporation
FY2023
full-year results
FY2024
full-year results
Sales volumes
Selling
prices
Raw material prices
Inventory valuation, etc.
(JPY100M)
Results by segment
I. FY2024 Full-year Results
(JPY100M)
FY2023 results | FY2024 results | YoY change | ||
Special Steel Bars | Net sales | 889 | 815 | △74 |
Operating income | 23 | 33 | 10 | |
Springs | Net sales | 706 | 661 | △45 |
Operating income | 10 | 20 | 10 | |
Formed & Fabricated Products | Net sales | 94 | 92 | △2 |
Operating income | 8 | 4 | △4 | |
Machinery | Net sales | 100 | 105 | 5 |
Operating income | 7 | 7 | 0 | |
Other | Net sales | 34 | 37 | 3 |
Operating income | 1 | 1 | 0 | |
Consolidation adjustments | Net sales | △123 | △114 | 9 |
Operating income | 0 | △0 | 0 | |
Total | Net sales | 1,699 | 1,596 | △103 |
Operating income | 48 | 66 | 18 | |