FY2024 2nd Quarter (Semi-annual) Financial Results
November 19, 2024
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- FY2024 Q2 (Semi-annual) Financial Results
- Forecast of FY2024
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FY2024 Q2 (Semi-annual) Financial Results
Key Highlights for Q2 (Semi-annual) , FY2024 (consolidated-basis)
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Net sales increased to １６２.５ billion yen mainly due to the positive exchange rate.
Operating profit increased to ３.５ billion yen due to the cost saving and other factors.
Summary of Q2 (Semi-annual) , FY2024
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- Net sales increased by 0.9 billion yen (+0.6%) year-over-year.
- Operating profit increased by 0.8 billion (+29.6%) yen year-over-year.
Operating | 20 |
10 | |
profit | |
Financial Performance
133.1 | Net sales 161.6 |
162.5 | 200 | Net |
Sales | ||
100 | ||
(billion | ||
(billionyen) | 0 |
Operating profit
-2.7
2.7
3.5 | 0 | yen |
）
Net sales
Operating profit
Ordinary profit
Net income attributable
to owners of parent
Q2, FY2022 | Q2, FY2023(A) | Q2, FY2024(B) | (B) - (A) |
133.1 | 161.6 | 162.5 | +0.9 |
-2.7 | 2.7 | 3.5 | +0.8 |
-1.4 | 3.2 | 4.4 | +1.2 |
-1.8 | 0.8 | 0.9 | +0.1 |
Consolidated Sales by Product Group
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(billion yen) | ||||||
Q2, FY2023 | Q2, FY2024 | Variance | Variance | |||
Sales | % | Sales | % | % | ||
Car body press | 141.7 | 87.6% | 142.3 | 87.5% | +0.6 | -0.1% |
products | ||||||
Precision | 17.2 | 10.7% | 17.3 | 10.7% | +0.1 | 0.0% |
products | ||||||
Plastic | 1.9 | 1.2% | 2.1 | 1.3% | +0.2 | +0.1% |
products | ||||||
Other | 0.8 | 0.5% | 0.8 | 0.5% | 0.0 | 0.0% |
Total | 161.6 | 100% | 162.5 | 100% | +0.9 | － |
Consolidated Sales by Customer（Nissan Motor-related products）
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- Although the sales of to Nissan Mexicana increased, the composition ratio declined by 1.4% due to the decrease in sales of Dongfeng Motor Company Limited and Nissan Motor(Japan).
(billion yen) | |||||
Q2, FY2023 | Q2, FY2024 | Variance | |||
Sales | % | Sales | % | ||
Nissan Motor-related products | 123.9 | 76.7% | 122.3 | 75.3% | -1.4% |
Sub-total | |||||
Nissan Mexicana | 19.9 | 12.3% | 24.8 | 15.3% | +3.0% |
Nissan Motor（Japan） | 26.8 | 16.6% | 24.4 | 15.0% | -1.6% |
Nissan North America | 22.8 | 14.1% | 21.6 | 13.3% | -0.8% |
Nissan Europe | 14.4 | 8.9% | 15.3 | 9.4% | +0.5% |
Dongfeng Motor Company Limited | 19.4 | 12.0% | 15.1 | 9.3% | -2.7% |
JATCO (Incl. overseas operations) | 9.4 | 5.8% | 9.6 | 5.9% | +0.1% |
NISSAN SHATAI | 5.8 | 3.6% | 6.1 | 3.8% | +0.2% |
Marelli Corporation. (Incl. overseas operations) | 2.6 | 1.6% | 2.5 | 1.5% | -0.1% |
Renault Nissan India / Nissan Motor India | 1.2 | 0.7% | 1.6 | 1.0% | +0.3% |
Nissan Thailand | 1.6 | 1.0% | 1.3 | 0.8% | -0.2% |
Zhengzhou Nissan | 0.01 | 0.01% | 0.04 | 0.02% | +0.01% |
Consolidated Sales by Customer ( Other Customers)
- The composition ratio rose by 1.4% mainly due to the increase of Renault, Honda of America Mfg., Inc.
and Honda De Mexico, S.A. De C.V.. | Q2, FY2023 | Q2, FY2024 | Variance | ||||
Sales | % | Sales | % | ||||
Other Customers | Sub-total | ||||||
37.7 | 23.3% | 40.2 | 24.7% | +1.4% | |||
Honda | Honda of America Mfg., Inc. | 5.3 | 3.3% | 6.7 | 4.1% | +0.8% | |
Honda De Mexico, S.A. De C.V. | 1.5 | 0.9% | 2.2 | 1.3% | +0.4% | ||
Honda Motor Co., Ltd. （Japan） | 1.4 | 0.9% | 1.5 | 0.9% | 0.0% | ||
P.T. Honda Prospect Motor | 0.7 | 0.5% | 0.5 | 0.3% | -0.2% | ||
MITSUBISHI MOTORS CORPORATION (Incl. overseas operations) | 7.1 | 4.4% | 7.2 | 4.4% | 0.0% | ||
Renault | Renault | 2.8 | 1.7% | 5.0 | 3.1% | +1.4% | |
Renault Nissan India | 0.7 | 0.4% | 0.6 | 0.4% | 0.0% | ||
Stellantis N.V. | 3.5 | 2.2% | 2.9 | 1.8% | -0.4% | ||
AISIN CORPORATION (Incl. overseas operations) | 2.1 | 1.3% | 2.3 | 1.4% | +0.1% | ||
Mazda | Mazda Motor Corporation | 1.5 | 0.9% | 1.2 | 0.7% | -0.2% | |
Mazda Motor Manufacturing de Mexico, S.A. de C.V. | 0.7 | 0.4% | 0.8 | 0.5% | +0.1% | ||
JATCO (Excl. Nissan Motor) (Incl. overseas operations) | 1.5 | 0.9% | 1.3 | 0.8% | -0.1% | ||
Dynax Corporation (Incl. overseas operations) | 0.8 | 0.5% | 0.7 | 0.4% | -0.1% | ||
SUBARU CORPORATION | 0.7 | 0.4% | 0.7 | 0.4% | 0.0% | ||
TOYODA IRON WORKS CO., LTD. (Incl. overseas operations) | 0.6 | 0.3% | 0.2 | 0.1% | -0.2% | ||
SUZUKI MOTOR CORPORATION (Incl. overseas operations) | 0.3 | 0.2% | 0.2 | 0.1% | -0.1% | ||
Musashi Seimitsu Industry Co., Ltd. | 0.3 | 0.2% | 0.2 | 0.1% | -0.1% | ||
Hino Motors, Ltd. (Incl. overseas operations) | 0.2 | 0.1% | 0.1 | 0.1% | 0.0% | ||
UD Trucks Corporation | 0.1 | 0.1% | 0.1 | 0.1% | 0.0% | ||
Isuzu Motors Limited (Incl. overseas operations) | 0.1 | 0.1% | 0.1 | 0.1% | 0.0% | ||
NSK-Warner K.K. | 0.2 | 0.1% | 0.1 | 0.03% | -0.07% | ||
BYD Company Limited | ― | ― | 0.04 | 0.02% | ―% | ||
NIO Inc. | ― | ― | 0.02 | 0.01% | ―% |
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(billion yen)
Operating Profit Variance Analysis
(billion yen)
7.5
5
9
Depreciation/amortization:0
Production reinforcement:0
Initial cost for new car model parts:0
Consolidation adjustment:0
2.5
2.7 -3.1
0 | 0.7 |
-0.2 |
-2.5
2.2
1.2
3.5
FY2023 | & | ||||
Q2 | mix | Volume | SG&A | Forex | |
model | |||||
etc. | fluctuation |
Others | Costsaving | FY2024 |
Q2 | ||
Net Sales/Operating Profit by Region (Japan)
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- Net sales decreased by 5.0% mainly due to the impact of customers' production decrease.
- Operating loss was 0.5 billion yen because of the sales decrease.
(billion yen)
150
100 98.3
55.7
50
42.6
Net Sales
First half
Second half
113.6
59.9
53.7 51.0
(billion yen)
6
3
0
Operating profit
First half
Second half
3.5
3.2
1.7
0.3 -0.5
-2.2
0
FY2022
FY2023 FY2024
-3 -0.5
FY2022 FY2023 FY2024