Ahresty : Results Briefing for the Year Ended March 31, 2023
June 14, 2023 at 07:12 am IST
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Results Briefing
for the Year Ended March 31, 2023
May 31, 2023
Copyright Ⓒ2023 Ahresty Corporation. All Rights reserved.
Results of Year ended March 2023 and Released Forecasts for Year ending March 2024
1
Copyright Ⓒ2023 Ahresty Corporation. All Rights reserved.
Key Results for the Fiscal Year Ended March 2022
(Million yen)
Year ended
Year ended March 2023
March 2022
1H
2H
Full year
YoY changes
Full year
4Q (quarterly)
Net sales
116,313
66,536
74,402
36,559
140,938
+24.625
Operating
(2,422)
(1,198)
1,221
489
23
+2.445
income
Recurring income
(2,032)
(820)
915
213
94
+2,126
Net income
(5,189)
(830)
746
391
(84)
+5,105
Sales weight
74
72
80
77
76
+2
* In comparison with the FY2018 average as 100
Sales: Net sales increased 21.1% from the previous year due mainly to the depreciation of the yen and the rise in aluminum prices. Sales weight increased 2.7%, reflecting the production increase by car manufacturers in the second half.
Operating/Recurring income: Profits in the first half were affected by the decrease in sales weight due to confusion of supply networks caused by the shortage of semiconductors and the zero-COVID policy in China, and the increase in production costs due to the rise in energy costs, etc. In the second half, the sales weight recovered in all segments. Also, with the effect of the efforts to improve productivity, income returned to black on a full-year basis.
Net income: The loss in the first half could not be fully covered and a loss was recorded on a full-year basis. However, profit was achieved on a quarterly basis in the second half.
2
Copyright Ⓒ2023 Ahresty Corporation. All Rights reserved.
Factors behind Changes in Consolidated Results
Sales weight recovered in the second half to secure a surplus for the full year. Although the worsening of performance associated with high aluminum prices in the first half eased, production costs rose due to soaring energy and labor costs.
Factors behind change in operating income (Million yen)
3,098
23
(18)
(175)
1,313
93
Negative impact of
soaring aluminum
prices in FY20 and
FY21 eliminated:
Approx 2,600
(2,422)
Impact of energy
costs: (1,361)
(1,866)
2021
Time lag in
Aluminum
2022
Sales
Manufacturing
Proprietary
Depreciation
aluminum
Other
volume
costs
Products
prices
Business
3
Copyright Ⓒ2023 Ahresty Corporation. All Rights reserved.
Global Sales in Weight
4Q maintained the level above 1H despite production reduction by some customers.
From FY23 onward, sales are expected to increase and exceed the level before COVID (FY2018) in FY2025 due to recovery in sales weight and orders received for new products.
* Changes in percentage of sales weight compared to the level of FY2018
Decrease from the Nov. 14 released figures (plan)
Result
Forecast
Average
Average
Average
Average
Q1
Q2
Q3
Q4
Average
Average
Average
2018
2019
2020
2021
2022
2023
2024
2025
4
Copyright Ⓒ2023 Ahresty Corporation. All Rights reserved.
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AHRESTY Corporation published this content on 14 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 June 2023 01:41:08 UTC.
AHRESTY CORPORATION is a Japan-based company mainly engaged in the die casting business, aluminum business and finished product business. The Company operates through die casting Japan, die casting North America, die casting Asia, aluminum business and finished products business five business segments. Die casting is a process of product design, mold making, trial production, and mass production. Main products are die casting products for automobiles and motorcycles, mold casting products, die casting molds, and others. The Aluminum segment is engaged in the manufacture and sale of secondary alloy ingots for die casting and secondary alloy ingots for castings. Finished products segment is engaged in the manufacture, process and sale of floor panels and double floors for construction.
AHRESTY CORPORATION 
