GS Yuasa : Nine Months Ended December 31, 2022(FY2022) Result Briefing (2.2MB)

Nine Months Ended December 31, 2022(FY2022)

Result Briefing

February 7, 2023

GS Yuasa Corporation

Contents

FY2022 3rd Quarter Financial Results

1. Point …………………………………………………………………………………………

1. Net Sales, Profits ……………………………………………………………………
2. Segment Results ……………………………………………………………………

- Automotive Batteries (Japan)	……………………………………………………
- Automotive Batteries (Overseas)	………………………………………………

- Industrial Batteries and Power Supplies …………………………………………

- Automotive Lithium-ion Batteries	…………………………………………………
- Specialized Batteries and Others	…………………………………………………

1. Balance Sheet ……………………………………………………………………………
2. Topic ……………………………………………………………………………………………

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FY2022 3rd Quarter Financial Results

1. Point

• The outlook for the global economy remains uncertain, with prices rising due to higher raw material prices and increased energy costs arising from the situation in Ukraine and other factors. However, the stagnation in economic activity caused by COVID-19 is easing, and the Zero-COVID Policy has been revised in China. In addition, the Bank of Japan expanded the allowable volatility of long-term interest rates, which has changed the rapid depreciation of yen.
• Group sales and operating income increased mainly thanks to sales volume increase of lithium-ion batteries for hybrid vehicles (HEVs) and the impact of consolidation of our site in Turkey, and the impact of weaker yen of the exchange. On the other hand, ordinary income decreased due to deterioration in equity in earnings of affiliates and foreign exchange losses.
• Profit attributable to owners of parent increased due to the loss of the impact of impairment losses recorded in the previous fiscal year.

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© 2022 GS Yuasa International Ltd. All Rights Reserved.

2. Net Sales, Profits

		FY2021	FY2022		(Billion yen)
		Change
		Apr-Dec	Apr-Dec		(YoY%)
		(Nine Months)	(Nine Months)
	Net Sales	313.1	Record	374.9	+61.8	(+19.7%)
	Operating income	13.9	Record	19.0	+5.1	(+36.6%)
	(Operating income ratio)	4.4%		5.1%	+0.7P
	Operating income before amortization of goodwill	15.1	Record	19.8	+4.7
	(Operating income ratio before amortization of goodwill)	4.8%		5.3%	+0.5P
	Ordinary income	16.1		16.1	-0.0	(-0.1%)
	Extraordinary income	2.3		1.6	-0.7
	Extraordinary loss	7.4		0.5	-6.9
	Profit before income taxes	11.0		17.2	+6.2
	Income taxes	4.9		5.7	+0.8
	Profit attributable to non-controlling interests	2.7		3.6	+0.9
	Profit attributable to owners of parent	3.3		7.8	+4.5	(+134.4%)
	(Net profit ratio)	1.1%		2.1%	+1.0P
	Profit attributable to owners of parent before	4.3		8.6	+4.3
	amortization of goodwill
	(Net profit ratio before amortization of goodwill)	1.4%		2.3%	+0.9P
	Domestic lead price quote	¥312,000/t	¥347,100/t	+¥35,100/t
	LME	2,266US$/t	2,093US$/t	-173US$/t
	Exchange rate	¥111.45/US$	¥136.85/US$	+¥25.40/US$
		5	© 2022 GS Yuasa International Ltd. All Rights Reserved.