G Tekt : Financial Results of Three Months Ended June 30, 2023
August 04, 2023 at 03:44 am EDT
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Financial Results
Three months ended June 30, 2023
August 4, 2023
Disclaimer
This presentation contains forward looking statements which reflect Management's current
views and estimates. The forward looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those contained in the forward looking statements. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments.
August 4, 2023 Financial Results Three months ended June 30, 2023
Reminders
All amounts are in JPY (unless otherwise noted)
''Mass production'' sales in this report means sales of assembly and transmission parts
''Non-massproduction'' sales in this report means sales of equipment, die and new model prototype
G-ONEAUTO PARTS DE MEXICO, S.A. DE C.V. (G-ONE), the equity-method affiliate, is excluded from North America Segment
Financial statements are available in '' Summary of Consolidated Financial Results for the Three Months Ended June 30, 2023 (Based on Japanese GAAP) '' disclosed at
G-TEKT official website on August 4, 2023. https://ssl4.eir-parts.net/doc/5970/ir_material_for_fiscal_ym11/139306/00.pdf
August 4, 2023 Financial Results Three months ended June 30, 2023
Non mass-production sales decreased, but net sales increased compare to the previous year due to the increase in mass-production sales resulting from the recovery in production volume and the ease of semiconductor shortage, also by foreign exchange rate.
Increase in the marginal profit from favorable variation of product mix contributed to the increase in operating profit, despite a decrease in non-mass production sales and increase in labor cost.
August 4, 2023 Financial Results Three months ended June 30, 2023
FY2023 three-month Financial Results
Apr. - Jun.
3M-2022
Change
YOY
3M-2023
Currency
(in JPY billion)
Apr. - Jun.
variance
Apr. - Jun.
effects
Net sales
67.5
+11.3
+16.8%
78.8
+2.8
Operating profit
2.1
+0.5
+24.0%
2.6
+0.1
Operating profit margin
3.1%
+0.2pt
-
3.3%
-
Net income attributable
2.9
-0.2
-3.9%
2.7
+0.1
to owners of parent
EPS (¥)
66.51
-2.68
-4.0%
63.83
-
August 4, 2023 Financial Results Three months ended June 30, 2023
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G-Tekt Corporation published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 07:43:46 UTC.
G-TEKT CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automotive parts. The Company operates in six regional segments, including Japan, North America, Europe, Asia, China and South America. The Company is engaged in the provision of automobile body parts such as dashboards, side structures, parcels, back panels and frames, transportation equipment parts such as automobile body pressed parts and thick precision pressed parts, automotive transmission parts, as well as production equipment such as molds, jigs and tools, and welding equipment.
G-TEKT CORPORATION 
