Financial Forecast

Although the business environment in the next fiscal year is expected to remain uncertain, especially in the first half of the year, due to continued inflation, we recognize that our business areas will expand in order to achieve carbon neutrality. As the first year of the Sixth Mid-Term Management Plan, we aim to secure earnings by expanding demand for batteries for HEVs, increasing sales volume of lead-acid batteries overseas, and promoting efforts to correct selling prices and reduce costs in response to various cost increases.
Based on the above, we forecast consolidated net sales of 580 billion yen, operating income of 33 billion yen, ordinary income of 27 billion yen, and net income attributable to owners of the parent of 14 billion yen for fiscal year 2023.