Ahresty : Notice on Revisions to Business Forecasts
April 27, 2023 at 02:38 am EDT
Share
April 27, 2023
For immediate release
Company name:
Ahresty Corporation
Representative:
Shinichi Takahashi, President & COO
(Security code:
5852, Prime Market)
Contact for inquiries:
Atsushi Shimizu, Executive Officer and
General Manager, Management Planning
Department
(Telephone:
03-6369-8664)
Notice on Revisions to Business Forecasts
In view of recent trends in business performance, Ahresty Corporation ("the Company") hereby announces the revision of full year consolidated business forecasts for the fiscal year ended March 2023 (from April 1, 2022 to March 31, 2023) released on March 15, 2023. Furthermore, the company announces the net income attributable to owners of the parent and net income per share, which stated to be determined, as follows.
1. Revisions to consolidated business forecasts
Revisions to consolidated business forecasts for the full year ended March 2023 (from April 1, 2022 to March 31, 2023)
Operating
Recurring
Net income
Net income per
Net sales
attributable to
income
income
share
owners of parent
million yen
million yen
million yen
million yen
yen
Previous forecasts (A)
141,000
150
200
to be determined
to be determined
Revised forecasts (B)
140,900
0
120
(100)
(3.86)
Difference (B-A)
(100)
(150)
(80)
-
Percentage change (%)
(0.1)
(100.0)
(40.0)
-
(Ref.) Results of previous year
116,313
(2,422)
(2,032)
(5,189)
(201.23)
(Year ended March 2022)
Reasons for revisions
The sales of Ahresty Group are expected to be generally in line with the previously announced forecast.
Operating income and recurring income are expected to fall short of the previously announced forecast due to the sudden downturn in production plans of automobile manufacturers affected by the shortage of semiconductor parts supply.
Regarding the net income attributable to owners of the parent and net income per share, the Company recorded approximately 3 billion yen in capital gain on the sale of fixed assets associated with the land transfer of Higashimatsuyama Plant, but on the other hand, based on the "Accounting Standard for Impairment of Fixed Assets" etc., fixed assets for business use of the Company and its consolidated subsidiaries were under a careful examination of the collectability in the future. The Company has now a certain outlook and announces net income and net income per share that were stated to be determined.
No changes have been made to the year-end dividend projection announced on May 18, 2022 (5 yen per share).
(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 forecasts
Revised forecasts
Difference
Previous forecasts
Revised forecasts
Difference
Die Casting Business: Japan
58,800
59,000
200
250
210
(40)
Die Casting Business:
37,200
36,990
(210)
(550)
(650)
(100)
North America
Die Casting Business: Asia
33,700
33,670
(30)
0
10
10
Aluminum Business
8,100
7,970
(130)
300
270
(30)
Proprietary Products
3,200
3,270
70
250
280
30
Business
Elimination of intersegment
－
－
－
(100)
(120)
(20)
transactions
Foreign exchange rate assumption (Revised forecasts: 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)
Attachments
Original Link
Original Document
Permalink
Disclaimer
AHRESTY Corporation published this content on 27 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2023 06:37:05 UTC.
AHRESTY CORPORATION is a Japan-based company mainly engaged in the die casting business, aluminum business and finished product business. The Company operates through die casting Japan, die casting North America, die casting Asia, aluminum business and finished products business five business segments. Die casting is a process of product design, mold making, trial production, and mass production. Main products are die casting products for automobiles and motorcycles, mold casting products, die casting molds, and others. The Aluminum segment is engaged in the manufacture and sale of secondary alloy ingots for die casting and secondary alloy ingots for castings. Finished products segment is engaged in the manufacture, process and sale of floor panels and double floors for construction.
AHRESTY CORPORATION 
