Q1 FY2023: Operating profit before metal price lag increased due to profitability improvements in the domestic business and the effects of higher profit at TAA*1 and UWH*2
Revenue: ¥211.1 billion (YoY: ¥(45.1) bn), operating profit before metal price lag: ¥11.0 billion (YoY*3: +¥2.1 bn)
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2
Q1 FY2023 Overview
Japan:
Although we secured profits through revisions to prices and the adoption of a market price-
linked scheme, demand remains sluggish in some areas. With production disruption moving
towards resolution, sales of automotive body panel materials increased
Overseas: In addition to the positive shift in UHW's profit and loss, TAA saw an increase in profits due to improvements in product mix and manufacturing costs etc., despite the correction in demand for can stock
No change to initial full-year forecasts for FY2023
With automobile-related sectors benefiting from resolution of production disruption, positive shifts in profit and loss are expected for both Japan and UWH
Demand for can stock in North America and Southeast Asia is undergoing a correction, but we will work to improve profitability through price revisions and by optimizing product mix, etc.
Market price-linked scheme will be applied throughout the year to address the risk of soaring prices for energy and additive metals
Actual figures have been restated following change in the accounting period.
*3 UATH: UACJ (Thailand) Co., Ltd.
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UACJ Corp. published this content on 03 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2023 06:03:17 UTC.
UACJ Corporation is principally engaged in the manufacture and sale of aluminum rolled products. The Company operates in three business segments. The Aluminum Rolled Products segment manufactures and sells rolled plate products, foil products, extruded products, cast products and forged products of aluminum and its alloys. The Copper Products segment manufactures and sells copper pipes, copper alloy pipes and their joints. The Processed Products and Related segment is engaged in manufacturing and sale of processed products such as aluminum and copper, contracting civil engineering works, and the freight transportation and handling related to the group's business.