Consolidated Earnings Forecast

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%

Segment Results Forecast

(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.