AIDA ENGINEERING, LTD. Presentation of Consolidated Financial Results
for the 1st Quarter of the FY Ended March 31, 2024
(from April 2023 to June 2023)
1
Highlights of Consolidated Results Summary of P&L
(JPY mil.)
Order Intake
Net Sales
Cost of Sales
Gross Profit
Selling, general and administrative expenses
Operating Income / Loss
Ordinary Income / Loss
Income / Loss Before Income Taxes
Net Income / Loss
Exchange Rate | 1USD |
1EUR | |
FY2023/3 1Q（3M）
31,773
13,665
11,491
2,174
15.9%
2,295
△ 121
△0.9%
△ 117 △ 120
△ 175
¥129.52 ¥138.00
FY2024/3 1Q（3M）
22,679
16,867
13,743
3,124
18.5%
2,453
671
4.0%
748
755
473
¥137.31 ¥149.50
Fluctuation
Amount | % |
△ 9,093 | △28.6% |
3,201 | 23.4% |
2,251 | 19.6% |
950 | 43.7% |
(+2.6P) | |
157 | 6.9% |
792 | - |
(+4.9P) | |
865 | - |
876 | - |
648 | - |
7.79 | 6.0% |
11.50 | 8.3% |
（100million JPY）
Factors of Change in Operating
Increase of net sales | 4.4 |
Improvement of product mix | 4.4 |
and profitability | |
Decrease expenses | △ 0.9 |
Total | 7.9 |
【Summary】
Orders intake remained steady despite of a reactionary decline from a temporary increase in orders for high-speed presses.
Sales increased due to an
increase in high-speed presses as well as the effect of a weaker yen.
Profit increase
due to increase in sales and an improved product mix.
Despite orders for high-speed presses for EV drive motors remained steady,
Order Intake order intake dropped 28.6% year-on-year due to a reactionary decline from a temporary increase in orders for high-speed presses and other products.
Net Sales | Sales increased 23.4% year-on-year due to an increase in high-speed presses |
for EVs, as well as the effect of a weaker yen. | |
Despite of soaring raw material, subcontracting and logistics costs, gross profit
Gross Profit increased 43.7% year-on-year due to sales increase and improved product mix of presses.
Operating Income Operating income increased due to the above factors.
Net Income | Net income increased due to the above factors. |
2
Trend of Sales, Gross Profit and Operating Income
JPY(million) | Net Sales Gross Profit Operating Income/Loss | Gross Profit ratio | Operating Income ratio | ||
25,000 | 20% | |||
20,000 | 15% | |||
15,000 | 10% | |||
10,000 | 5% | |||
5,000 | 0% | |||
0 | -5% | |||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 |
1Q | 1Q |
JPY(million) | FY2023/3 | ||||||
1Q | 2Q | 3Q | 4Q | ||||
Net Sales | 13,665 | 18,498 | 15,970 | 20,660 | |||
Gross Profit | 2,174 | 3,127 | 2,595 | 3,730 | |||
Operating Income/Loss | △ 121 | 837 | 277 | 545 | |||
Gross Profit ratio | 15.9% | 16.9% | 16.2% | 18.1% | |||
Operating Income ratio | △0.9% | 4.5% | 1.7% | 2.6% |
FY2024/3
1Q
16,867
3,124
671
18.5%
4.0%
3
Sales to Third Party (by Business/Customer/Geographic segment)
Sales by Business segment（Press related / Others）
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | |||||||||
1Q | 1Q | Amount | % | |||||||||
Press Machines | 9,998 | 73.2% | 13,004 | 77.1% | 3,005 | 30.1% | ||||||
Services | 2,876 | 21.0% | 3,112 | 18.5% | 236 | 8.2% | ||||||
Others | 790 | 5.8% | 750 | 4.5% | △ 40 | △ 5.1% | ||||||
Total | 13,665 | 100.0% | 16,867 | 100.0% | 3,201 | 23.4% | ||||||
Press Machines | Services | Others | ||||||||||
1,010 | 1,361 | |||||||||||
786 | 4,647 | 750 | ||||||||||
3,984 | ||||||||||||
790 | 3,112 | |||||||||||
3,862 | ||||||||||||
2,876 | ||||||||||||
9,998 | 13,503 | 11,322 | 14,651 | 13,004 | ||||||||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 | ||||||||
1Q | 1Q | |||||||||||
Sales | by Geographic segment | |||||||||||
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | |||||||||
1Q | 1Q | Amount | % | |||||||||
Japan | 5,243 | 38.4% | 4,442 | 26.3% | △ 800 | △ 15.3% | ||||||
China | 1,712 | 12.5% | 3,472 | 20.6% | 1,760 | 102.8% | ||||||
Asia | 1,387 | 10.2% | 2,016 | 12.0% | 628 | 45.3% | ||||||
Americas | 3,456 | 25.3% | 3,162 | 18.7% | △ 294 | △ 8.5% | ||||||
Europe | 1,865 | 13.6% | 3,773 | 22.4% | 1,908 | 102.3% | ||||||
Total | 13,665 | 100.0% | 16,867 | 100.0% | 3,201 | 23.4% | ||||||
Japan | China | Asia | Americas Europe | |||||||||
2,877 | 3,131 | |||||||||||
3,550 | 4,538 | 3,773 | ||||||||||
1,865 | 4,495 | |||||||||||
1,953 | 3,162 | |||||||||||
3,456 | 1,731 | 3,855 | ||||||||||
3,353 | 2,016 | |||||||||||
1,387 | 3,330 | 1,193 | ||||||||||
3,472 | ||||||||||||
1,712 | 6,064 | 2,202 | 7,683 | |||||||||
5,243 | 5,168 | 4,442 | ||||||||||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 | ||||||||
1Q | 1Q | |||||||||||
Sales by Business segment of the Medium-Term Management Plan（Press / FA / Service）
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | ||||||||
1Q | 1Q | Amount | % | ||||||||
Press Machines | 8,442 | 61.8% | 11,102 | 65.8% | 2,660 | 31.5% | |||||
Factory Automation | 1,749 | 12.8% | 2,076 | 12.3% | 326 | 18.7% | |||||
Services | 3,473 | 25.4% | 3,688 | 21.9% | 214 | 6.2% | |||||
Total | 13,665 | 100.0% | 16,867 | 100.0% | 3,201 | 23.4% | |||||
Press Machines | Factory Automation Services | ||||||||||
4,666 | 5,764 | 3,688 | |||||||||
4,503 | |||||||||||
1,405 | 3,173 | ||||||||||
3,473 | 2,076 | ||||||||||
1,572 | |||||||||||
1,749 | |||||||||||
8,442 | 12,426 | 9,895 | 11,723 | 11,102 | |||||||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 | |||||||
1Q | 1Q | ||||||||||
Sales (press machines) by Customer industry
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | |||||||||
1Q | 1Q | Amount | % | |||||||||
Automotive relate | 6,641 | 66.4% | 8,657 | 66.6% | 2,015 | 30.4% | ||||||
Electric related | 744 | 7.4% | 1,511 | 11.6% | 766 | 103.0% | ||||||
Other industries | 2,613 | 26.1% | 2,835 | 21.8% | 222 | 8.5% | ||||||
Total | 9,998 | 100.0% | 13,004 | 100.0% | 3,005 | 30.1% | ||||||
Automotive related | Electric related Other industries | |||||||||||
2,968 | 2,338 | 2,835 | ||||||||||
1,817 | ||||||||||||
2,613 | 1,140 | 3,035 | 1,511 | |||||||||
602 | ||||||||||||
744 | ||||||||||||
10,496 | ||||||||||||
6,641 | 9,394 | 7,685 | 8,657 | |||||||||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 | ||||||||
1Q | 1Q | |||||||||||
4
Sales / Operating Income (by Geographic segment)
Japan
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | ||||||
1Q | 1Q | Amount | % | ||||||
Net Sales | 8,917 | 8,546 | △ 371 | △4.2% | |||||
Operating | △ 97 | △ 1.1% | △ 118 | △ 1.4% | △ 21 | - | |||
Income / | |||||||||
Loss | |||||||||
Net Sales | Operating Income | ||||||||
China
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | |||||||||||||
1Q | 1Q | Amount | % | |||||||||||||
Net Sales | 1,772 | 3,544 | 1,772 | 100.0% | ||||||||||||
Operating | 28 | 1.6% | 196 | 5.5% | 168 | |||||||||||
Income/ | 600.4% | |||||||||||||||
Loss | ||||||||||||||||
Net Sales | Operating Income | |||||||||||||||
Asia
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | |||||||||
1Q | 1Q | Amount | % | |||||||||
Net Sales | 2,203 | 2,893 | 690 | 31.3% | ||||||||
Operating | 95 | 4.4% | 338 | 11.7% | 242 | 252.6% | ||||||
Income/ | ||||||||||||
Loss | ||||||||||||
Net Sales | Operating Income | |||||||||||
13,040 | |
9,818 | 9,871 |
8,917 | 8,546 |
503 | |
240 | |
△ 97 | △ 118 |
△ 190 |
1,772
28
3,558
225
2,309
186
3,380 3,544
196
3,229 | 2,989 | 2,893 | |
2,203 | 2,253 | ||
357 | 338 | ||
243 | 211 | ||
95 |
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 |
1Q | 1Q |
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 |
1Q | △ 588 | 1Q | ||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 |
1Q | 1Q |
Americas
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | |||||
1Q | 1Q | Amount | % | |||||
Net Sales | 3,653 | 3,235 | △ 417 | △11.4% | ||||
Operating | △ 98 | △ 2.7% | △ 16 | △ 0.5% | 82 | - | ||
Income/ | ||||||||
Loss | ||||||||
Net Sales | Operating Income | |||||||
4,543 | 4,667 | |||
3,653 | 3,927 | |||
3,235 | ||||
147 | 252 | |||
△ 15 | △ 16 | |||
△ 98 | ||||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 |
1Q | 1Q |
Europe
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | ||||||
1Q | 1Q | Amount | % | ||||||
Net Sales | 2,032 | 4,482 | 2,450 | 120.6% | |||||
Operating | △ 1 | △ 0.1% | 79 | 1.8% | 80 | - | |||
Income/ | |||||||||
Loss | |||||||||
Net Sales | Operating Income | ||||||||
4,245 | 4,482 | |||
3,627 | ||||
2,959 | ||||
2,032 | ||||
89 | 73 | 65 | 79 | |
△ 1 | ||||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 |
1Q | 1Q | |||
5 |
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Disclaimer
Aida Engineering Ltd. published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2023 07:17:52 UTC.
