28 May 2025
Announcement of FY2024 Financial Results
On May 13th, we held a press conference at our Osaka headquarters to announce the company’s consolidated financial results for Fiscal Year 2024.
In the announcement, we stated that demand for wire harnesses in the automotive segment remained strong, while demand grew not only for power cables and substation equipment in the environment & energy segment but also for data center products in the infocommunications segment. Thanks to these trends, the company achieved record highs in net sales, operating income, ordinary income and net profit, and we met the forecast that was announced this past February. Furthermore, due to efforts to improve capital efficiency by reducing inventory and cross-shareholdings, the company recorded pre-tax ROIC of 9.3% and ROE of 8.6%. In the context of our Mid-Term Management Plan 2025, these results mean that we were able to achieve the FY25 targets for sales, operating income, pre-tax ROIC, and ROE a year ahead of schedule.
I would like to take this opportunity to express my sincere gratitude to everyone for their daily work and ongoing support, which made these remarkable results possible.
Turning now to the forecast for Fiscal Year 2025, we forecast sales of 4.5 trillion yen, operating income of 275 billion yen, ordinary income of 280 billion yen, and net profit attributable to owners of parent of 190 billion yen. The figures for sales and profit are not as high as the previous fiscal year’s results due to additional US tariffs and the impact of exchange rates, but they are still the second highest in the company’s history and above the targets in our mid-term management plan. As for capital efficiency, we expect to achieve pre-tax ROIC of 9.0% and ROE of 8.2%.
Although the impact of the US tariffs adds a degree of unpredictability to the business environment, FY25 is the final year of our mid-term management plan and as such we will work steadily to achieve the targets we have announced to our stakeholders. Thank you for your continued support this fiscal year.
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