Forecast for Fiscal 2024
Amid expectations of further uncertainty in the global economy, such as resource and raw material prices remaining high due to instability of the international situation, and exchange rate fluctuations, in the business environment of the Group in fiscal year 2024, product demand is expected to recover due to expanding investment in automation, such as robots to make up for the decline in the working population, and expanding demand for cutting-edge semiconductors, which are necessary for expanding data centers and generative AI. As a result, with inventory adjustments of our products by customers and distributors, we expect a recovery in orders received during the period.
The above forecast leads us to the consolidated financial results forecasts for the fiscal year ending March 31, 2025 with net sales of ¥58,500 million, operating profit of ¥2,700 million, ordinary profit of ¥2,700 million, and profit attributable to owners of parent of ¥2,000 million.
- *1EPS (Earnings per share) for all periods presented have been adjusted for the 3-for-1 stock split on October 1, 2014 retroactively.