Revenue increased YoY due to a recovery in vehicle production resulting from an improvement in the semiconductor shortage and an increase in electrification unit sales. Operating profit increased YoY due to improvements in the business environment, cost structure improvement and the effects of structural reforms.
The forecast for FYE2024 remains unchanged from the previous announcement,
as Q1 results were largely in line with the previous forecast. To achieve a resilient profit structure that remains unaffected by changes in the external environment, aiming for sustainable growth in the medium to long term, we improve the break-even point by strengthening the ability to respond to production fluctuations, continuing improvement of the profitability of existing products and structural reforms.
Aisin Corporation published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2023 04:10:09 UTC.
Aisin Corp is a Japan-based company mainly engaged in the manufacture and sale of automotive parts. It manufactures and sells automotive parts through five segments, including Japan, North America, Europe, China, and Association of South-East Asian Nations (ASEAN) & India. The Japan segment also manufactures and sells energy solution-related equipment. Automotive parts include powertrain-related parts such as automatic transmissions (AT), and manual transmissions (MT), driving safety-related parts such as brake master cylinders, and disc brakes, body-related parts such as power sliding door systems, power back door systems, and sunroofs, and other connected and sharing solutions (CSS)-related parts such as car navigation systems. The energy solution-related products include gas heat pump air conditioners (GHP), cogeneration systems, shower toilets, home renovations, construction and civil engineering, and petroleum sales. The Company is also engaged in the automotive parts business.
AISIN CORPORATION 
