Maxell : Notice of difference between non-consolidated financial results of the fiscal year ended March 31, 2024 and the results of the previous fiscal year
April 26, 2024 at 07:56 pm IST
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FOR IMMEDIATE RELEASE
Notice of difference between non-consolidated financial results of the fiscal
year ended March 31, 2024 and the results of the previous fiscal year
Tokyo, April 26, 2024－Maxell, Ltd. (TSE: 6810, hereinafter "the Company") today announced difference between non-consolidated financial results of the fiscal year ended March 31, 2024 and the results of the fiscal year ended March 31, 2023 as follows.
1. Difference between non-consolidated financial results of the fiscal year ended March 31, 2024
(April 1, 2023 through March 31, 2024) and the results of the fiscal year ended March 31, 2023
Net sales
Operating
Ordinary
Net profit
Net profit
profit
profit
per share
(Million yen)
(Million yen)
(Million yen)
(Million yen)
(yen)
Results of the fiscal year
82,196
1,694
8,320
8,141
171.38
ended March 2023 (A)
Results of the fiscal year
73,807
3,655
7,276
6,437
140.43
ended March 2024 (B)
Variance (C)=(B)-(A)
(8,389)
1,961
(1,044)
(1,704)
% of change (C)/(A)
(10.2)
115.8
(12.5)
(20.9)
2. Reason of difference between non-consolidated financial results of the fiscal year ended March 31, 2024 and the results of the fiscal year ended March 31, 2023
(Net sales)
The Company has transferred domestic consumer products sales business based on the sole distributorship contract with DENKYOSHA CO., LTD. effective on April 1, 2023. The decreases of net sales were caused by the large sales decreases of consumer products and health and beauty care products following the business transfer whereas the sales of automotive optical components, licensing revenues and adhesive tapes, etc. increased.
(Operating profit)
The increase of operating profit was supported by the effects of the reform of Life Solution business, and sales increases of licensing revenues, automotive optical components and adhesive tapes, although there were development cost and cost of establishing production system for all-solid-state batteries.
(Ordinary profit and Net profit)
Both ordinary profit and net profit decreased in comparison to the previous year's results mainly due to decrease of dividend income from consolidated subsidiaries.
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Hitachi Maxell Ltd. published this content on
26 April 2024 and is solely responsible for the information contained therein. Distributed by
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26 April 2024 14:25:09 UTC.
Maxell Ltd, formerly Maxell Holdings Ltd, is mainly engaged in the manufacturing and sales of energy, industrial materials and electric appliances and consumer products. The Company mainly operates through three business segments. The Energy segment manufactures and sells secondary batteries, such as coin type lithium secondary batteries, industrial lithium ion batteries and electrodes, and consumer lithium ion batteries, primary batteries such as lithium primary batteries and button batteries, and charger and battery packs. The Industrial Materials segment manufactures and sells optical components, functional materials, electroforming and precision parts, semiconductor-related embedded systems, mold and synthetic resin molded parts, adhesive tapes, radio-frequency identification (RFID) systems and Integrated Circuit (IC) cards, industrial rubber products and others. The Electric Appliance and Consumer segment manufactures and sells projectors, small electric equipments and others.
Maxell : Notice of difference between non-consolidated financial results of the fiscal year ended March 31, 2024 and the results of the previous fiscal year
MAXELL, LTD. 
