Advanex : Presentation; Results for the Three Months Ended June 30, 2023
August 10, 2023 at 03:23 am EDT
Share
Results for the Three Months Ended June 30, 2023
Aug 10, 2023
This datum is based on the data as of June 30, 2023. The opinion and forecast described here is based on our judgment at that time and may possibly be changed without notice.
Operating results for the three months ended June 30, 2023
FY2024 earnings forecasts
1
1. Summary of Consolidated Financial results for the Three Months Ended June 2023
（Million yen）
FY2023 1Q
FY2024 1Q
Change
Change Ratio
Amount
Net Sales
5,647
6,311
663
11.8%
Operating
△165
139
305
-
Income
Operating
△2.9%
2.2%
-
-
Income Margin
Ordinary
181
571
390
215.3%
Income
Net Income
21
423
402
1893.6%
Attributable to Owners
of the Parent
FY2023 1Q： １US$＝JPY129.0
2
FY2024 1Q： １US$＝JPY138.8
1. Highlight
Net sales increased YoY due to a recovery in vehicle sales due to the easing of semiconductor shortages, the start of full-scale production for medical equipment at the new Tennessee factory, favorable sales for aircraft, and the effects of price increases and yen depreciation.
Despite rising personnel and energy costs, operating profit increased YoY due to the above-mentioned revenue growth effect and the full-fledged start of operations at the new Tennessee plant.
Ordinary income and net income increased year-on-year due to foreign exchange gains from the depreciation of the yen.
3
1. Quarterly Transition of Sales and Income(Consolidated)
（Million yen）
Net Sales(Left axis)
Operationg Income(Right axis)
（Million yen）
8,000
500
6,235
6,309
6,436
6,311
5,439
5,540
5,647
200
5,412
5,330
139
104
66
49
48
4,000
-21
0
-72
-165
0
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
-500
1Q
FY22
FY23
FY24
FY2023 1Q： １US$＝JPY129.0
4
FY2024 1Q： １US$＝JPY138.8
Attachments
Original Link
Original Document
Permalink
Disclaimer
Advanex Inc. published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2023 07:22:31 UTC.
ADVANEX INC. is a Japan-based company primarily engaged in the manufacture and sale of precision springs. The Company operates in four business segments. The Japan segment is engaged in the manufacture and sale of precision springs, sales of precision stamped products and motors. The Americas segment and Europe segment are engaged in the manufacture and sale of precision springs. The Asia segment is engaged in the manufacture and sales of precision springs, as well as manufacture and sales of metal stamping insert molding parts.
ADVANEX INC. 
