AICHI CORPORATION AICHI CORPORATION
Business Report
(English Translation)
March 31, 2023
1 |
(1) |
Current Status of the Corporate Group
Business Conditions for the Consolidated Fiscal Year under Review
-
Business progress and results
During the consolidated fiscal year under review, the Japanese economy showed signs of
recovery in some fields toward normalization of economic activities under the gradual relaxation of measures against COVID-19. However, the economic outlook remained uncertain due to financial instability at the epicenter of the U.S., soaring prices of crude oil and raw materials caused by the prolonged conflict in Ukraine, rapid monetary tightening in Europe and the U.S., and the heightened geopolitical risks between China and Taiwan.
While disruptions continued in the procurement of parts including semiconductor-related ones, the trend of which turned evident in the preceding fiscal year, the Group faced a severe management environment amid adverse conditions such as the occurrence of shortages in chassis for truck-mounted aerial work platform, our mainstay product.
Under such a business environment, domestic sales of specially equipped vehicles increased from the previous consolidated fiscal year due to a pickup trend in capital investments mainly in the electric power industry, accompanied by the recovery of economic activities.
On the profit front, the Group increased profits from the previous consolidated fiscal year resulting from its initiatives for improvement in cost and selling price engaged in to absorb the impacts of significant increases in energy costs including electricity and gas, in addition to soaring raw material prices including steel as well as fats and oils.
As a result, net sales for the consolidated fiscal year under review rose ¥4,087 million (7%) to ¥60,678 million. The breakdown of major net sales shows that sales of specially equipped vehicles rose ¥3,242 million (7%) year on year to ¥47,313 million, and sales of parts and repairs rose ¥930 million (8%) year on year to ¥12,709 million.
1
Net sales by business segment are as follows.
Previous consolidated | Consolidated fiscal year | Increase/decrease from the | ||||||||
Category | fiscal year | under review | previous fiscal year | |||||||
Amount | Percentage | Amount | Percentage | Amount | Percentage | |||||
Million yen | % | Million yen | % | Million yen | % | |||||
Speciallyequipped vehicles | Digger derricks | 2,757 | 4.9 | 2,792 | 4.6 | 34 | 1.3 | |||
Subtotal | 44,070 | 77.9 | 47,313 | 78.0 | 3,242 | 7.4 | ||||
Aerial work platforms | 39,158 | 69.2 | 42,155 | 69.5 | 2,997 | 7.7 | ||||
Other | 2,154 | 3.8 | 2,364 | 3.9 | 210 | 9.8 | ||||
Parts and repairs | 11,779 | 20.8 | 12,709 | 20.9 | 930 | 7.9 | ||||
Other | 741 | 1.3 | 656 | 1.1 | (84) | (11.5) | ||||
Total | 56,591 | 100.0 | 60,678 | 100.0 | 4,087 | 7.2 | ||||
As for profit, operating profit was ¥7,351 million, which is ¥489 million (7%) higher than the previous consolidated fiscal year, and ordinary profit was ¥8,016 million, which is ¥279 million (4%) higher than the previous consolidated fiscal year. Profit attributable to owners of parent was ¥5,958 million, increasing ¥313 million (6%) from the previous consolidated fiscal year.
(ii) Capital expenditures
The total amount of capital investment during the consolidated fiscal year under review was ¥854 million, as detailed below.
Category | Details | Amount |
Million yen | ||
Construction in progress | Buildings of a new service factory at Ageo Office and others | 340 |
Machinery and | Machinery and equipment at Niiharu Factory, testing devices at Ageo | 215 |
equipment | Office, and others | |
Other | Buildings of Niiharu Factory and Isesaki Factory and others | 299 |
Total | 854 | |
2 |
(iii) Financing status
In the consolidated fiscal year under review, ordinary working funds and capital investment funds were covered by the company's own funds, and no funds were procured through a capital increase, corporate bonds, etc.
- Business transfer, absorption-type company split or incorporation-type company split There are no applicable items.
- Acquisition of businesses of other companies There are no applicable items.
-
Succession of rights and obligations regarding businesses of other corporations, etc. through an absorption-type merger or absorption-type company split
There are no applicable items. - Acquisition or disposal of shares or other equity interests, stock options, etc. of other companies There are no applicable items.
3
- Assets and Profit/Loss
- The corporate group's assets and profit/loss
Category | |
Net sales | (Million yen) |
Ordinary profit | (Million yen) |
Profit attributable to | (Million yen) |
owners of parent | |
Profit per share | (Yen) |
Total assets | (Million yen) |
Net assets | (Million yen) |
Net assets per share | (Yen) |
Fiscal year ended
March 2020
58,336
6,219
4,923
63.42
82,763
67,944
875.30
Fiscal year ended
March 2021
59,330
7,708
5,906
76.84
90,869
73,321
959.76
Fiscal year ended
March 2022
56,591
7,736
5,644
74.09
90,559
76,043
1,006.05
Fiscal year ended March 2023 (the consolidated fiscalyear under review)
60,678
8,016
5,958
79.16
95,695
78,573
1,044.71
- The company's assets and profit/loss
Category | |
Net sales | (Million yen) |
Ordinary profit | (Million yen) |
Profit | (Million yen) |
Profit per share | (Yen) |
Total assets | (Million yen) |
Net assets | (Million yen) |
Net assets per share | (Yen) |
Fiscal year ended
March 2020
57,961
5,805
4,645
59.84
81,069
66,015
850.44
Fiscal year ended
March 2021
59,129
7,247
5,536
72.02
88,256
70,078
917.30
Fiscal year ended
March 2022
56,099
7,095
5,068
66.52
86,578
71,620
947.53
Fiscal year ended March 2023 (the fiscal year under review)
59,981
8,253
6,354
84.43
92,071
74,650
992.55
4
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
AICHI Corporation published this content on 13 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2023 07:41:08 UTC.
