UACJ Corporation
Q1 Financial Results Briefing for the Fiscal Year Ending March 2026
August 6, 2025
(Total: 69 minutes, Presentation: 26 minutes, Q&A: 43 minutes)
[Venue] Webcast [Venue Size] [Participants] 103 [Number of Speakers] 5Shinji Tanaka Representative Director, President
Joji Kumamoto Chief Executive, Corporate Strategy Division Director, Senior Managing Executive Officer
Kouzo Okada Chief Executive, Finance and Accounting Division Director, Executive Officer
Keizo Hashimoto Chief Executive, Flat Rolled Products Division, Executive Vice President
Kaoru Ueda General Manager, IR, Finance Department
[Analyst Names]* Atsushi Yamaguchi SMBC Nikko SecuritiesHarunobu Goroh UBS Securities
Yuji Matsumoto Nomura Securities
Yu Shirakawa Morgan Stanley MUFG Securities
Shinichiro Ozaki Daiwa Securities
Ryunosuke Shibata SBI SECURITIES
*Analysts that SCRIPTS Asia was able to identify from the audio who spoke during Q&A or whose questions were read by moderator/company representatives.
Presentation Ueda: Thank you for your very long patience. Thank you very much for taking time out of your busy schedule today to participate in the financial results briefing of UACJ Corporation for Q1 of FY2025.This briefing will be conducted along with the explanatory materials available on the website of UACJ. If you do not have the materials at hand, please visit our website.
Although this presentation may provide information that includes forward-looking statements, such information is only our current forecast. Please kindly note that actual results may differ significantly from these forward-looking statements due to various factors.
Let me now introduce our company's attendees for today's briefing. This is Shinji Tanaka, Representative Director, President.
Tanaka: My name is Tanaka. Thank you for your time today. Ueda: This is Joji Kumamoto, Chief Executive, Corporate Strategy Division Director, Senior Managing Executive Officer. Kumamoto: My name is Kumamoto. Thank you. Ueda: This is Kouzo Okada, Chief Executive, Finance and Accounting Division Director, Executive Officer. Okada: My name is Okada. Thank you for your time today. Ueda: This is Keizo Hashimoto, Chief Executive, Flat Rolled Products Division, Executive Vice President. Hashimoto: My name is Hashimoto. Thank you for joining us today. Ueda: I am Kaoru Ueda, General Manager, IR, Finance Department, and I serve as the moderator today. Thank you very much for your cooperation.Mr. Okada, Finance and Accounting Division Director, will now explain the Q1 results for FY2025 that we announced today. Please join us as you refer to the presentation materials.
Mr. Okada, please start your explanation.
Okada: Now, Okada will explain the details of the Q1 financial results. I would like to proceed by reading the page description at the bottom right.Page one shows the financial summary for Q1 of FY2025.
As shown above, the sales volume was 334,000 tons, an increase of 19,000 tons YoY. Revenue also increased by JPY14.4 billion to JPY262 billion. As for business profit, although the sales volume increased significantly, the result was JPY7.9 billion, a decrease of JPY8.9 billion YoY. I will explain the details later.
These are the key points of the presentation.
First is a summary of Q1. Demand for can stock was strong globally, resulting in higher sales volume and revenue YoY. However, profit decreased mainly due to the timing differences in inventory costs and ingot procurement as temporary factors. In addition, due to the continued high prices of raw materials and UBCs, as well as the significant impact of the exchange rate between the US dollar and the baht on UATH, business profit decreased by JPY8.9 billion YoY.
The forecast for the full year remains unchanged from that announced on May 13. We are planning JPY46 billion in business profit and JPY20 billion in net profit.
As for the most recent topics, we have received A ratings from two rating agencies. Also, as we announced today, we will be conducting a stock split, which will be explained later. These are the topics.