Presentation: Results for the Fiscal Year Ended March 31, 2023
May 11, 2023
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Presentation for the Fiscal Year Ended March 31, 2023
May 12, 2023
This datum is based on the data as of March 31, 2022. The opinion and forecast described here is based on our judgment at that time and may possibly be changed without notice.
Operation results for FY2023
FY2024 earning forecast
1
1. Summary of Consolidated Financial Results for Fiscal Year Ended Mar 2023
（Million yen）
FY2022
FY2023
Change
Change Ratio
Amount
Net Sales
21,722
24,628
2,906
13.4%
Operating
148
61
(87)
(58.7%)
Income
(Margin)
0.7%
0.2%
-
-
Ordinary
354
585
231
65.1%
Income
Net Income
(82)
60
142
-
Attribute to owners
of parent
FY2022：
１US$＝112.9 JPY
2
FY2023：
１US$＝135.0 JPY
1. Highlight
Despite a series of production adjustments for automobiles, including a shortage of semiconductors, a disruption in the supply chain, and a decline in sales in China, overall sales increased year on year due to the effects of price increases and the weak yen.
Operating profit declined year on year due to opportunity losses resulting from the aforementioned adjustments to automobile production, as well as rising raw material, energy, and transportation costs, delays operations at the new Tennessee factory and delays improving profitability at the Mexican factory.
Ordinary income and net income increased year on year, partly due to foreign exchange gains stemming 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
316
6,436
6,235
6,309
5,457
5,666
5,439
5,412
5,540
5,647
200
156
5,330
4,680
104
66
49
48
32
4,000
3,736
-72
-21
0
-165
-329
0
-500
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
FY21
FY22
FY23
FY2022：
１US$＝112.9 JPY
4
FY2023：
１US$＝135.0 JPY
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Advanex Inc. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2023 06:21:22 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. 
