Presentation: Results for the Fiscal Year Ended March 31, 2022
May 24, 2022
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Presentation for the Fiscal Year Ended March 31, 2022
May 25, 2022
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 FY2022
FY2023 earning forecast
General Condition
Strengthen profit structure
The situation of focus markets(Auto, Medical, Standard products)
The background of choosing standard division
Summary
1
1. Summary of Consolidated Financial Results for Fiscal Year Ended Mar 2022
(Million yen)
FY2021
FY2022
Change
Change Ratio
Amount
Net Sales
19,539
21,722
2,182
11.2%
Operating
176
148
(27)
(15.7%)
Income
(Margin)
0.9%
0.7%
-
-
Ordinary
359
354
(4)
(1.2%)
Income
Net Income
633
(82)
(715)
-
Attribute to owners
of parent
FY2021:
1US$=106.2 JPY
2
FY2022:
1US$=112.9 JPY
1. Highlight
Net sales increased year on year due to a recovery in demand for automotive and medical applications compared to the previous fiscal year, when the impact of the Corona crisis was significant. However, opportunity losses were also incurred in automobile applications, affected by production cutbacks due to a shortage of semiconductors and parts.
Operating income declined YoY due to the aforementioned opportunity loss and the recording of expenses associated with the relocation of a US subsidiary's plant, an increase in project start-up costs at a Mexican subsidiary, and utility costs such as raw materials and logistics.
Ordinary income declined slightly year on year, despite foreign exchange gains.
Net income fell sharply compared with the previous fiscal year, when the company recorded a gain on the sale of its California plant. This was mainly due to an extraordinary loss associated with the relocation of its U.S. subsidiary's Tennessee plant.
3
1. Quarterly Transition of Sales and Income(Consolidated)
(Million yen)
Net Sales(Left axis)
Operationg
Income(Right axis)
(Million yen)
6,000
5,457
5,666
5,439
5,540
500
5,322
5,432
5,375
5,330
5,412
5,150
316
4,680
122
146
156
3,736
104
66
32
49
27
3,000
(36)
(72)
0
(329)
0
-500
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
FY20
FY21
FY22
4
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Advanex Inc. published this content on 25 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2022 13:42:02 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.