In fiscal 2023, 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.
The consolidated earnings forecast, announced on November 7, 2023, has been revised mainly due to steady progression of activities to revise sales prices in response to rising costs, such as raw material and energy prices, efforts to reduce expenses and other measures in each segment, and growing demand for lithium-ion batteries for energy storage system in the public infrastructure field. We revised the full-year forecast to net sales of 560 billion yen, operating income of 42 billion yen, ordinary income of 38 billion yen, and net income attributable to owners of the parent of 21 billion yen for fiscal year 2023.
(Billion yen)
FY2022 |
FY2023 |
Change |
Reference. FY2023 |
|
Actual |
Forecast (February 6, 2024) |
(Forecast)-(Actual) |
Initial Forecast (May 11, 2023) |
|
Net Sales |
517.7 |
560.0 |
42.3 |
580.0 |
Operating income |
31.5 |
42.0 |
10.5 |
33.0 |
(Operating income ratio) |
6.1% |
7.5% |
1.4P |
5.7% |
Operating income before amortization of goodwill |
32.1 |
42.5 |
10.4 |
34.0 |
(Operating income ratio before amortization of goodwill) |
6.2% |
7.6% |
1.4P |
5.9% |
Ordinary income |
24.2 |
38.0 |
13.8 |
27.0 |
Profit attributable to owners of parent |
13.9 |
21.0 |
7.1 |
14.0 |
(Net profit ratio) |
2.7% |
3.8% |
1.1P |
2.4% |
Profit attributable to owners of parent before amortization of goodwill |
14.4 |
21.5 |
7.1 |
15.0 |
(Net profit ratio before amortization of goodwill) |
2.8% |
3.8% |
1.0P |
2.6% |
(Billion yen)
FY2022 |
FY2023 |
Change |
Reference. FY2023 |
|||||
Actual |
Forecast (February 6, 2024) |
(Forecast)-(Actual) |
Initial Forecast (May 11, 2023) |
|||||
Net sales |
Operating income |
Net sales |
Operating income |
Net sales |
Operating income |
Net sales |
Operating income |
|
Operating income ratio |
Operating income ratio |
Operating income ratio |
Operating income ratio |
|||||
Automotive Batteries (Japan) |
87.8 |
6.5 |
95.0 |
7.0 |
7.2 |
0.5 |
94.0 |
5.5 |
7.5% |
7.4% |
-0.1P |
5.9% |
|||||
Automotive Batteries (Overseas) |
247.3 |
13.3 |
247.0 |
17.5 |
-0.3 |
4.2 |
252.0 |
15.0 |
5.4% |
7.1% |
1.7P |
6.0% |
|||||
Industrial Batteries and Power Supplies |
99.2 |
8.8 |
110.0 |
11.0 |
10.8 |
2.2 |
111.0 |
9.0 |
8.9% |
10.0% |
1.1P |
8.1% |
|||||
Automotive Lithiumion Batteries |
65.4 |
2.0 |
88.0 |
4.5 |
22.6 |
2.5 |
103.0 |
4.0 |
3.0% |
5.1% |
2.1P |
3.9% |
|||||
Specialized Batteries and Others |
18.0 |
1.4 |
20.0 |
2.5 |
2.0 |
1.1 |
20.0 |
0.5 |
7.7% |
12.5% |
4.8P |
2.5% |
|||||
Total |
517.7 |
32.1 |
560.0 |
42.5 |
42.3 |
10.4 |
580.0 |
34.0 |
6.2% |
7.6% |
1.4P |
5.9% |
- Operating income is operating income before amortization of goodwill and operating income ratio is operating income ratio before amortization of goodwill.