Presentation of Financial Results for the First Quarter Ended June 30, 2025
Masahiro Ota, Director and Executive Officer
General Manager of Finance & Accounting Division
August 8, 2025
Consolidated Statement of Income
（Billions of Yen）
Net sales Cost of sales Gross profit
Selling, general &
administrative expenses Operating profit Ordinary profit
Net profit
FY24/1Q
Result
Amount vs net
sales
202.7
106.0 52.3%
96.6 47.7%
44.3 21.9%
52.3 25.8%
68.2 33.7%
48.7 24.0%
FY25/1Q
Result
Amount vs net
sales
200.1
111.5 55.7%
88.6 44.3%
44.1 22.1%
44.4 22.2%
49.1 24.5%
34.6 17.3%
YoY
(24/1Q vs 25/1Q)
Amount %
-2.6 -1.3%
5.4 5.1%
-8.0 -8.3%
-0.1 -0.3%
-7.8 -15.1%
-19.1 -28.1%
-14.0 -28.9%
FY25
Forecast
Amount Progress %
850.0 23.6%
451.0 24.7%
399.0 22.2%
184.0 24.0%
215.0 20.7%
232.0 21.2%
167.0 20.7%
FY24 4Q
Amount vs net
sales
201.6
110.6 54.9%
91.0 45.1%
43.5 21.6%
47.4 23.5%
43.7 21.7%
35.9 17.8%
FY25 1Q
Amount vs net
sales
200.1
111.5 55.7%
88.6 44.3%
44.1 22.1%
44.4 22.2%
49.1 24.5%
34.6 17.3%
QoQ
(24/4Q vs 25/1Q)
Amount %
-1.4 -0.7%
0.9 0.8%
-2.3 -2.6%
0.6 1.4%
-2.9 -6.3%
5.3 12.3%
-1.3 -3.7%
Average exchange rate | |||||||||
USD | 155.85 | 144.60 | -11.25 | -7.2% | 141.00 | 152.56 | 144.60 | -7.96 | -5.2% |
EUR | 167.84 | 163.81 | -4.03 | -2.4% | 157.00 | 160.55 | 163.81 | +3.26 | 2.0% |
CNY | 21.47 | 19.98 | -1.49 | -6.9% | 19.50 | 20.93 | 19.98 | -0.95 | -4.5% |
Depreciation | 6.5 | 9.4 | 2.9 | 45.6% | 42.3 22.4% | ||||
R&D expenses | 8.1 | 9.0 | 0.8 | 11.0% | 37.0 24.5% | ||||
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[YoY] Factors of Change of Net Sales and Operating Profit
①Net Sales
②Operating Profit
（Billions of yen）
< Exchange rate fluctuation >
From transaction (Foreign currency export & import) +1.2 From conversion (Overseas subs P&L conversion) -1.8
< Inventory devaluation >
Increase devaluation
< Operating capacity >
Operating efficiency decreased due to decrease in production volume
< SG&A expenses >
Freight expenses -0.2, Personnel +0.2, Other -0.3
< Sales qty. > 3.4% Increase
Japan ±0 (±0%), North America -3.2 (-10%),
Europe +0.7 (+2%), Greater China +9.0 (+16%),
Other Asia +0.3 (+1%)
< Selling price > 0.1% Decrease
Japan +0.3, Overseas -0.5
< Exchange rate fluctuation > 5.3% Decrease
North America (mainly USD) -2.5 Europe (mainly EUR) -1.1 Greater China (mainly CNY) -4.3
3
[QoQ] Factors of Change of Net Sales and Operating Profit
①Net Sales
②Operating Profit
（Billions of yen）
< Exchange rate fluctuation >
From transaction (Foreign currency export & import) -6.3 From conversion (Overseas subs P&L conversion) -1.3
< Inventory devaluation >
Decrease devaluation
< Operating capacity >
Operating efficiency increased due to increase in production volume
< SG&A expenses >
Freight expenses -0.2, Personnel -0.1, Other +0.5
< Sales qty. > 0.6% Increase
Japan -0.7 (-2%), North America -2.5 (-8%),
Europe -2.7 (-7%), Greater China +9.1 (+17%),
Other Asia -2.0 (-6%)
< Selling price > 0.1% Increase
Japan +0.2, Overseas ±0
< Exchange rate fluctuation > 2.1% Decrease
North America (mainly USD) -1.2 Europe (mainly EUR) +0.5 Greater China (mainly CNY) -2.6
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[Quarterly] Consolidated Net Sales by Location
Sales Ratio
20%
Japan
13%
North America
18%
Europe
31%
Greater China
15%
Other Asia
60.0
50.0
40.0
30.0
20.0
FY24
FY25
FY24
FY25
FY24
FY25
FY24
FY25
FY24
FY25
Net Sales (Bil. Of Yen）
1Q 2Q 3Q 4Q 1Q
39.7 39.1 44.3 40.5 39.2
1Q 2Q 3Q 4Q 1Q
32.2 29.8 27.1 30.2 26.4
1Q 2Q 3Q 4Q 1Q
35.7 33.8 32.4 38.0 36.5
1Q 2Q 3Q 4Q 1Q
57.6 52.6 54.8 56.8 61.3
1Q 2Q 3Q 4Q 1Q
32.1 31.7 31.9 31.3 30.8
ConsolidatedSemiconductor | 22% | Semiconductor | 13% | Semiconductor | 9% | Semiconductor | 24% | Semiconductor | 33% | Semiconductor | 19% | ||||||
Electric | 10% | Electric | 4% | Electric | 3% | Electric | 24% | Electric | 13% | Electric | 12% | ||||||
Ratio of Sales | Automobile | 18% | Automobile | 19% | Automobile | 12% | Automobile | 22% | Automobile | 15% | Automobile | 17% | |||||
by Industry | Machine tools | 10% | Machine tools | 8% | Machine tools | 13% | Machine tools | 11% | Machine tools | 13% | Machine tools | 11% | |||||
(Cumulative) | Food | 6% | Food | 12% | Food | 13% | Food | 4% | Food | 3% | Food | 7% | |||||
Medical | 5% | Medical | 10% | Medical | 10% | Medical | 4% | Medical | 2% | Medical | 6% | ||||||
Others | 29% | Others | 34% | Others | 40% | Others | 12% | Others | 21% | Others | 28% | ||||||
Production Base | Soka and etc., total of 6 factories | USA, Indiana | Czech | Beijing・Tianjin | Vietnam・Singapore・India | ||||||||||||
R&D Base | Tsukubamirai City | USA | UK・Germany | Beijing | - | ||||||||||||
KRW 0.30 bil.yen
CNY 1.09 bil.yen
EUR 0.68 bil.yen
USD 0.29 bil. yen
-
Foreign Exchange Sensitivity (１％)*
*Impact to operating profit from 1% exchange rate change (total impact of the above major currencies is approximately 3.04 billion yen)
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