During this period, uncertainty about the economic outlook spread due to changes in US tariff policy.
In addition, the prolonged geopolitical risks further increased the uncertainty about the economic environment.
Even under these circumstances, the automotive industry as a whole maintained a steady level of production.
In addition, we saw results from our company-wide efforts to reduce costs, improve operations, and promote appropriate sales prices.
As a result, although sales declined year-on-year due to the impact of the strong yen, business profit increased.
This is the result of the steady improvement efforts of each and every one of you.
The consolidated results for the first quarter of fiscal 2025, announced on July 30, are as follows.
- Net sales: 154.8 billion yen (-1.8% year-on-year)
- Business profit: 9.7 billion yen (+14.5% year-on-year)
- Profit attributable to owners of the parent company: 5.8 billion yen (-2.7% year-on-year)
Sales of automotive products declined due to the impact of currency conversion caused by the appreciation of the yen, but business profit increased due to cost reduction activities, improved production efficiency, and appropriate pricing.
General industrial products saw a decline in sales and profits due to a reactionary decrease in production of printer components and rubber bearings for bridges, which had increased in the same period of the previous year.
On the other hand, profits exceeded initial expectations, which we attribute to the efforts of everyone involved, and I am grateful for that.
Revision of earnings forecast for fiscal 2025
- Net sales: 615 billion yen (initial forecast: -5 billion yen)
- Business profit: 40 billion yen (initial forecast: +1 billion yen)
- Profit for the Current FY: 20.5 billion yen (initial forecast: +1 billion yen)
*The assumed exchange rate for the second quarter and beyond has been changed from the announcement made in May.
Based on the announcement in May, we have revised our forecast for the current fiscal year in light of first quarter results and changes in foreign exchange assumptions.
Uncertainty continues to increase due to prolonged geopolitical risks and fluctuations in foreign exchange rates, tariffs, and raw material prices.
We expect the fluctuations in our group's production to continue in the future.
However, thanks to the results of the structural reforms we have implemented so far, we are confident that our business structure has steadily improved its resilience (ability to respond to change and robustness) and can respond flexibly to market changes.
Going forward, it is important to continue implementing measures such as cost reduction and price optimization, while steadily working toward the theme of our medium-term management plan (2025P), which is “Strengthening the Management Foundation for Further Profitability Improvement and Sustainable Growth.”
As I have been telling you, this year will be a watershed year for our company in many ways.
let's not be bound by past concepts but rather view change as an opportunity and boldly take on new challenges!
The hot weather continues, so please take care of your health and address your daily work with a spirit of “Banji-nissei!”
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