AHRESTY CORPORATION November 14, 2022 | |
For immediate release | |
Company name: | Ahresty Corporation |
Representative: | Arata Takahashi, President & |
CEO | |
(Security code: | 5852) |
Contact for inquiries: | Atsushi Shimizu, Executive |
Officer and General Manager, | |
Management Planning | |
Department | |
(Telephone: | 03-6369-8664) |
Notice on Recording of Non-operating Income (Foreign Currency Exchange Gain), Difference between Results Forecasts and the Actual Results for the First Six-Month Period of the Consolidated Fiscal Year Ending March 2023, and Revisions to Consolidated Full-Year Results Forecast
Ahresty Corporation ("the Company") hereby announces that it has recorded non-operating income (foreign currency exchange gain) for the first half of the consolidated fiscal year ending March 2023, and that there arose differences in figures between the business forecasts for the first half of the consolidated fiscal year ending March 2023 announced on September 30, 2022 and the actual results released today. In view of recent trends in business performance, the Company also announces that it has revised its consolidated full-year business forecasts for the fiscal year ending March 2023 as follows.
1. Recording of non-operating income (foreign currency exchange gain)
Due to rapid changes in exchange rates that occurred during the second quarter of the fiscal year under review (from July 1, 2022 to September 30, 2022), we recorded a foreign currency exchange gain of 324 million yen as non-operating income.
Since 111 million yen of foreign currency exchange gain was recorded in the first quarter, we recorded for the consolidated first half (from April 1, 2022 to September 30, 2022) a foreign currency exchange gain of 436 million yen as non-operating income.
The above amounts came as a result of revaluation of the foreign currency-denominated claims and debts held by the Ahresty Group based on the exchange rates at the end of the period, and may change depending on future exchange rates.
2. Difference between results forecasts and the actual settlement results for the first half
- Difference between consolidated results forecasts and the actual results for the first half of the year ending March 2023 (from April 1, 2022 to September 30, 2022)
Operating | Recurring | Net income | Net income per | |||
Net sales | attributable to | share | ||||
income | income | |||||
owners of parent | ||||||
million yen | million yen | million yen | million yen | yen | ||
Previous forecasts (A) | 65,700 | (1,500) | (1,400) | (1,500) | (57.92) | |
Actual results (B) | 66,536 | (1,198) | (820) | (830) | (32.08) | |
Difference (B-A) | 836 | 301 | 579 | 669 | ||
Percentage change (%) | 1.3 | － | － | － | ||
(Ref.) Results for first half | ||||||
of previous year | 54,647 | (1,943) | (1,680) | (1,780) | (69.16) | |
(First half of year ended | ||||||
March 2022) |
- Revisions to consolidated results forecasts for the full year ending March 2023 (from April 1, 2022 to March 31, 2023)
Operating | Recurring | Net income | Net income per | ||
Net sales | attributable to | share | |||
income | income | ||||
owners of parent | |||||
million yen | million yen | million yen | million yen | yen | |
Previous forecasts (A) | 145,300 | 1,200 | 1,000 | 300 | 11.58 |
Revised forecasts (B) | 146,100 | 1,500 | 1,600 | 1,000 | 38.62 |
Difference (B-A) | 800 | 300 | 600 | 700 | |
Percentage change (%) | 0.6 | 25.0 | 60.0 | 233.3 | |
(Ref.) Results of previous | |||||
year | 116,313 | (2,422) | (2,032) | (5,189) | (201.23) |
(Year ended March 2022) |
(3) Reasons for revisions
Net sales and operating income for the first half of the consolidated fiscal year under review exceeded the forecasts due to efforts to improve efficiency in production systems and reduce costs, as well as progress in reflecting rises in prices of raw materials and energy in selling prices. Recurring income and net income attributable to owners of parent also exceeded the previous forecasts because of the above-mentioned recording of foreign currency exchange gain.
In view of the results for the consolidated first half, the Company has decided to revise the previously announced consolidated full-year business forecasts for the fiscal year ending March 2023 as above.
No changes have been made to the dividend projection announced on May 18, 2022 (5 yen per share for both interim and year-end dividends).
(Note) The forecasts presented herein are based on information currently available and certain assumptions deemed reasonable by the Company, and actual results may differ significantly from these forecasts due to various factors.
Supplementary Materials on Business Forecasts
Segment information of consolidated results forecasts for the full year
Segment | Net sales (million yen) | Segment profit (million yen) | ||||||
Previous | Revised | Difference | Previous | Revised | Difference | |||
forecasts | forecasts | forecasts | forecasts | |||||
Die Casting Business: | 59,700 | 59,700 | 0 | 300 | 530 | 230 | ||
Japan | ||||||||
Die Casting Business: | 37,800 | 38,100 | 300 | (250) | (160) | 90 | ||
North America | ||||||||
Die Casting Business: Asia | 35,700 | 36,200 | 500 | 700 | 620 | (80) | ||
Aluminum Business | 7,700 | 7,700 | 0 | 300 | 330 | 30 | ||
Proprietary Products | 4,400 | 4,400 | 0 | 250 | 250 | 0 | ||
Business | ||||||||
Elimination of | － | － | － | (100) | (70) | 30 | ||
intersegment transactions | ||||||||
Foreign exchange rate assumption (from 3Q: 135.0 yen to USD, 20.0 yen to CNY, 1.70 yen to INR) | ||||||||
(Previous forecasts: 135.0 yen to USD, 20.0 yen to CNY, 1.70 yen to INR) |
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Disclaimer
AHRESTY Corporation published this content on 28 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2022 09:44:00 UTC.
