UACJ Corporation
Q2 Financial Results Briefing for the Fiscal Year Ending March 2023
November 8, 2022
Event Summary
[Company Name] | UACJ Corporation | ||
[Company ID] | 5741-QCODE | ||
[Event Language] | JPN | ||
[Event Type] | Earnings Announcement | ||
[Event Name] | Q2 Financial Results Briefing for the Fiscal Year Ending March 2023 | ||
[Fiscal Period] | FY2022 Q2 | ||
[Date] | November 8, 2022 | ||
[Number of Pages] | 36 | ||
[Time] | 16:00 - 17:00 | ||
(Total: 60 minutes, Presentation: 30 minutes, Q&A: 30 minutes) | |||
[Venue] | Webcast | ||
[Venue Size] | |||
[Participants] | 87 | ||
[Number of Speakers] | 6 | ||
Miyuki Ishihara | Representative Director, President | ||
Teruo Kawashima | Director, Executive Vice President | ||
Shinji Tanaka | Director, Managing Executive Officer, Chief | ||
Executive, Corporate Strategic Restructuring | |||
Office | |||
Jyoji Kumamoto | Executive Officer, Chief Executive, Corporate | ||
Strategy Department | |||
Haruhiro Iida | Executive Officer, Chief Executive, Finance | ||
Department | |||
Kaoru Ueda | General Manager, IR, Finance Department | ||
[Analyst Names]* | Atsushi Yamaguchi | SMBC Nikko Securities | |
Harunobu Goroh | UBS Securities | ||
Yu Shirakawa | Morgan Stanley MUFG Securities | ||
Yuji Matsumoto | Nomura Securities | ||
Support | |||
Japan | 050.5212.7790 | North America | 1.800.674.8375 |
Tollfree | 0120.966.744 | Email Support | support@scriptsasia.com |
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Shinichiro Ozaki | Daiwa Securities |
*Analysts that SCRIPTS Asia was able to identify from the audio who spoke during Q&A.
Support | |||
Japan | 050.5212.7790 | North America | 1.800.674.8375 |
Tollfree | 0120.966.744 | Email Support | support@scriptsasia.com |
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Presentation
Ueda: Everyone, thank you very much for waiting.
Thank you very much for participating in the financial results briefing for Q2 FY2022 of UACJ Corporation today.
This conference call will be conducted using the briefing materials available on the UACJ Corporation's website. If you do not have the materials at hand, please visit our website.
Although this presentation may contain forward-looking statements, such statements are based on our current expectations only. Please note that actual results may differ materially from these future projections due to a variety of factors.
Now, I would like to introduce today's speakers from the Company.
Miyuki Ishihara, Representative Director, President.
Ishihara: This is Ishihara. Thank you.
Ueda: Teruo Kawashima, Director, Executive Vice President.
Kawashima: Hello, this is Kawashima. Thank you.
Ueda: Shinji Tanaka, Director, Managing Executive Officer, Chief Executive, Corporate Strategic Restructuring Office.
Tanaka: I am Tanaka. Thank you.
Ueda: Jyoji Kumamoto, Executive Officer, Chief Executive, Corporate Strategy Department.
Kumamoto: I am Kumamoto. Thank you.
Ueda: Haruhiro Iida, Executive Officer, Chief Executive, Finance Department.
Iida: I am Iida. Thank you.
Ueda: I am Kaoru Ueda, General Manager, IR, Finance Department, who will serve as the moderator today. Thank you.
President Ishihara will now present financial results for Q2 FY2022 and the full-year forecast announced today. Please join us while viewing the presentation materials.
President Ishihara, please go ahead.
Support | |||
Japan | 050.5212.7790 | North America | 1.800.674.8375 |
Tollfree | 0120.966.744 | Email Support | support@scriptsasia.com |
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Ishihara: I will now present the financial results for Q2 FY2022.
Please open the document and let me summarize the key points of the presentation on the first page.
In H1, net sales increased YoY, ordinary income before metal price lag, which is the Company's actual profit and loss, increased by JPY700 million YoY. For the full year of FY2022, we are aiming for an increase in net sales, and ordinary income before metal price lag of JPY23.5 billion as planned.
I will now explain key points regarding H1, the full year, and structural reforms.
As a summary of H1, we were able to exceed our internal plan for H1, resulting in an increase in profit YoY.
In the market, in Japan, the automotive-related business was affected by market conditions, but sales of can stock, thick plates, and general materials, which are the Company's strengths, increased.
Overseas, on the other hand, both TAA and UATH increased profits due to strong global demand for can stock, especially in North America.
Regarding full-year forecast, we expect various changes in the external environment, but we are forecasting ordinary income before metal price lag, which is our actual profit, to be JPY23.5 billion, taking advantage of the various strengths of our company.
Our strengths are namely our three location supply network, strong customer base centering in Japan, and ability to accommodate a wide variety of products and applications to meet the customer demand.
Although the future outlook remains uncertain, we will closely monitor various risks, including the price of aluminum ingots, rising interest rates in the US, and automotive-related demand trends.
Regarding the third point, progress on restructuring, each measure is progressing as planned and achieving its intended effects.
Support | |||
Japan | 050.5212.7790 | North America | 1.800.674.8375 |
Tollfree | 0120.966.744 | Email Support | support@scriptsasia.com |
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UACJ Corp. published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 09:01:05 UTC.