FY2024 3rd Quarter Financial Results
February 25, 2025
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- FY2024 Q3 Financial Results
- Forecast of FY2024
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FY2024 Q3 Financial Results
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Key Highlights for Q3, FY2024 (consolidated-basis)
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Net sales decreased to 236.3 billion yen due to the customers' production decrease in spite of the positive exchange rate.
Despite the efforts of cost saving, operating profit dropped to 2.9 billion yen because of the sales decrease.
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Summary of Q3, FY2024
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- Net sales decreased by 8.7 billion yen (△3.6%) year-over-year.
- Operating profit decreased by 1.9 billion yen (△ 39.6%) year-over-year.
Operating profit | 20 | Financial Performance | 400 | Net Sales (billion | |||||
218.5 | Net sales | 245.0 | 236.3 | ||||||
10 | 200 | ||||||||
Operating | |||||||||
profit | 4.8 | 2.9 | |||||||
0 | -3.5 | ||||||||
(billion | yen) | ||||||||
-10 | |||||||||
yen) | |||||||||
Q3, FY2022 | Q3, FY2023 | (A) | Q3, FY2024 | (B) | (B) - (A) | ||||
Net sales | 218.5 | 245.0 | 236.3 | -8.7 | |||||
Operating profit | -3.5 | 4.8 | 2.9 | -1.9 | |||||
Ordinary profit | -2.1 | 5.4 | 4.2 | -1.2 |
Net income attributable | -2.0 | 2.4 | 0.1 | -2.3 |
to owners of parent |
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Consolidated Sales by Product Group
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(billion yen) | ||||||
Q3, FY2023 | Q3, FY2024 | Variance | Variance | |||
% | % | % | ||||
Sales | Sales | |||||
Car body press | 214.4 | 87.5% | 206.5 | 87.4% | -7.9 | -0.1% |
products | ||||||
Precision | 26.4 | 10.8% | 25.4 | 10.7% | -1.0 | -0.1% |
products | ||||||
Plastic | 2.9 | 1.2% | 3.1 | 1.3% | +0.2 | +0.1% |
products | ||||||
Other | 1.3 | 0.5% | 1.3 | 0.6% | 0.0 | +0.1% |
Total | 245.0 | 100% | 236.3 | 100% | -8.7 | ― |
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Consolidated Sales by Customer（Nissan Motor-related products）
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-
Although the sales of Nissan Mexicana increased, the composition ratio declined by 1.9% due to the decrease in sales of Dongfeng Motor Company Limited and Nissan
Motor(Japan).(billion yen)
Q3, FY2023 | Q3, FY2024 | Variance | |||
Sales | % | Sales | % | ||
Nissan Motor-related products Sub-total | 188.4 | 76.9% | 177.3 | 75.0% | -1.9% |
Nissan Motor (Japan) | 42.4 | 17.3% | 38.0 | 16.1% | -1.2% |
Nissan Mexicana | 31.1 | 12.7% | 34.8 | 14.7% | +2.0% |
Nissan North America | 34.2 | 14.0% | 31.5 | 13.3% | -0.7% |
Nissan Europe | 22.1 | 9.0% | 21.6 | 9.1% | +0.1% |
Dongfeng Motor Company Limited. | 26.7 | 10.9% | 20.2 | 8.5% | -2.4% |
JATCO (Incl. overseas operations) | 14.7 | 6.0% | 14.0 | 5.9% | -0.1% |
NISSAN SHATAI | 8.9 | 3.6% | 8.9 | 3.8% | +0.2% |
Marelli Corporation. (Incl. overseas operations) | 4.1 | 1.7% | 3.5 | 1.5% | -0.2% |
Renault Nissan India / Nissan Motor India | 1.7 | 0.7% | 2.9 | 1.2% | +0.5% |
Nissan Thailand | 2.5 | 1.0% | 1.8 | 0.8% | -0.2% |
Zhengzhou Nissan | 0.03 | 0.01% | 0.1 | 0.03% | +0.02% |
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Consolidated Sales by Customer (Other Customers)
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The composition ratio rose by 1.9% mainly due to the increase of Renault, Honda of America Mfg., Inc. and Honda | |||||||
De Mexico, S.A. De C.V.. | Q3, FY2023 | Variance (billion yen) | |||||
Sales | % | Sales | % | ||||
Other customers | Sub-total | 56.6 | 23.1% | 59.0 | 25.0% | +1.9% | |
Honda | Honda of America Mfg., Inc. | 8.3 | 3.4% | 10.1 | 4.3% | +0.9% | |
Honda De Mexico, S.A. De C.V. | 2.2 | 0.9% | 3.1 | 1.3% | +0.4% | ||
Honda Motor Co., Ltd. (Japan) | 2.2 | 0.9% | 2.4 | 1.0% | +0.1% | ||
P.T. Honda Prospect Motor | 1.1 | 0.5% | 0.8 | 0.4% | -0.1% | ||
MITSUBISHI MOTORS CORPORATION (Incl. overseas operations) | 11.0 | 4.5% | 10.6 | 4.5% | 0.0% | ||
Renault | Renault | 3.9 | 1.6% | 6.9 | 2.9% | +1.3% | |
Renault Nissan India | 0.8 | 0.3% | 1.0 | 0.4% | +0.1% | ||
Stellantis N.V. | 5.0 | 2.0% | 3.9 | 1.7% | -0.3% | ||
AISIN CORPORATION (Incl. overseas operations) | 3.2 | 1.3% | 3.5 | 1.5% | +0.2% | ||
Mazda | Mazda Motor Corporation | 2.1 | 0.9% | 1.8 | 0.8% | -0.1% | |
Mazda Motor Manufacturing de Mexico, S.A. de C.V. | 1.1 | 0.5% | 1.0 | 0.4% | -0.1% | ||
JATCO (Excl. Nissan Motor) (Incl. overseas operations) | 2.3 | 0.9% | 1.7 | 0.7% | -0.2% | ||
Dynax Corporation (Incl. overseas operations) | 1.3 | 0.5% | 1.0 | 0.4% | -0.1% | ||
SUBARU CORPORATION | 1.0 | 0.4% | 1.0 | 0.4% | 0.0% | ||
Musashi Seimitsu Industry Co., Ltd. (Incl. overseas operations) | 0.4 | 0.2% | 0.8 | 0.3% | +0.1% | ||
TOYODA IRON WORKS CO., LTD. (Incl. overseas operations) | 0.9 | 0.4% | 0.3 | 0.1% | -0.3% | ||
SUZUKI MOTOR CORPORATION. (Incl. overseas operations) | 0.4 | 0.2% | 0.3 | 0.1% | -0.1% | ||
Hino Motors, Ltd. (Incl. overseas operations) | 0.3 | 0.1% | 0.2 | 0.1% | 0.0% | ||
UD Trucks Corporation | 0.2 | 0.1% | 0.2 | 0.1% | 0.0% | ||
Isuzu Motors Limited (Incl. overseas operations) | 0.2 | 0.1% | 0.2 | 0.1% | 0.0% | ||
NSK-Warner K.K. | 0.3 | 0.1% | 0.1 | 0.03% | -0.07% | ||
BYD Company Limited | ― | ― | 0.1 | 0.03% | ―% | ||
NIO Inc. | ― | ― | 0.02 | 0.01% | ―% |
Operating Profit Variance Analysis
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(billion yen) 6
4
2
0
-2
4.8 5.8
0.5 | 0.1 | -0.4 | 0.2 |
FY2023 | Volume | cost | |||
& | SG&A | car | |||
amortization | Initial | Forex | |||
modelmixetc | parts | ||||
Q3 | fluctuation | Depreciation/ | new | ||
model | |||||
for | |||||
. |
Production reinforcement : 0
2.6 2.9
1.1
-0.2
adjustment | Others | Costsaving | FY2024 |
Consolidation | Q3 | ||
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Sales/Operating Profit by Region (Japan)
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- Net sales decreased by 8.1% mainly due to the impact of customers' production decrease.
- Operating loss was 0.5 billion yen because of the sales decrease.
(billion yen)
100
50
69.2
0
FY2022
Q3
Net sales
84.3 77.5
FY2023 FY2024
Q3 Q3
(billion yen) | Operating profit |
4 |
2
1.8
0 -0.5
-2.4
-2
-4
FY2022 FY2023 FY2024
Q3 Q3 Q3
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