FY2023 Financial Forecast (January ~ December 2023)
Towards Sustainable Enhancement of Corporate Value
September 2023 | 2
01 FY2023 First Half Financial Results (January~June 2023)
ICHIKOH RESERVED
September 2023 | 3
SALES OUTPERFORMANCE VS MARKET - Acceleration on our two historical markets
First Half 2023 Production Volumes per
Market *
First Half 2023 Sales outperformance vs
Market
Japan YoY 17.7%
Thousand units
2023 vs 2022
Sales Excl. tooling
and R&D, Forex
Variances
Sales out
Market Production
performance vs
volume increase
Market production
volume
ASEAN YoY 7.3%
China YoY 9.3%
Ichikoh Group
21.1%
10.8%
10.3 pt
Sales Excl. tooling
Sales out
2023 vs 2022
Market Production
performance vs
and R&D, Forex
volume increase
Market production
Variances
volume
Japan
19.2%
17.7%
1.5 pt
ASEAN
35.3%
7.3%
28.0 pt
China
▲5.4%
9.3%
▲14.7 pt
ASEAN: Malaysia, Indonesia, Thailand
Sales outperforming the market by +10.3pts
in First Half 2023 with strong
outperformance in Asean (+28pts) and better Japan(+1.5pt) doing more than offsetting China (-14.7pts)
ICHIKOH RESERVED
*Production volumes from Marklines
September 2023 | 4
FY2023 FIRST HALF RESULT (YEAR-ON-YEAR) - Growth & Profit Recovery
Significant year-on-year increase in sales and profits
Steady progress of inflation pass-through in Japan doing more than offsetting the the slower improvement and one-offevents of non quality costs related to the launch of new projects in the fast growing ASEAN region
Hundreds million yen
FY2022
)
FY2023
)
Increase/Decrease
Increase
~
~
(vs. previous year)
/Decrease %
(Jan.
Jun. 2022
(Jan. Jun. 2023
Sales
629
758
①
128
20.4%
Operating Income
11
38
②
27
236.9%
Operating Margin (%)
1.8%
5.0%
②/①
20.7%
3.2 pt
Ordinary Income
16
38
22
134.4%
Net Income belonging to Parent
13
25
13
99.1%
company's shareholders
Sales
Operating Income
5.0%
1.8%
ICHIKOH RESERVED
September 2023 | 5
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Ichikoh Industries Ltd. published this content on 08 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 September 2023 06:03:01 UTC.
ICHIKOH INDUSTRIES, LTD. is a Japan-based company mainly engaged in the manufacture and sale of automobile components. The Company operates in two business segments. The Automotive Parts business segment is mainly engaged in manufacture and sales of automotive lighting products and mirror products to automobile manufacturers. The Supplies business segment is engaged in manufacture and sales of automotive valves and wipers mainly for the aftermarket.