Looking at our consolidated earnings forecast for the fiscal year ending March 2026, we anticipate an increase in net sales of ¥600,000 million, driven by increased sales of lithium-ion batteries for electrified vehicles such as plug-in hybrid vehicles and hybrid vehicles, as well as increased sales in regular field such as ESS and in emergency field power supplies.
Operating profit is expected to exceed the previous forecast despite factors such as the timing impact of regular projects for industrial batteries and power supplies, due to the influence of subsidies under US inflation Reduction Act of 2022(IRA) for automotive batteries overseas and efforts to correct sales prices for automotive lithium-ion batteries. Ordinary profit is expected to exceed the previous forecast due to improvements at the operating profit level. Profit attributable to owners of parent is expected to exceed the previous forecast due to improvements at the ordinary profit level, as well as the impact of selling cross-shareholdings.
We forecast fiscal 2025 operating income of ¥53.5 billion, Ordinary income of ¥51.5 billion, and Profit attributable to owners of parent of ¥36.0 billion. This represents projected record highs for both sales and all levels of profit.
(Billion yen)
|
FY2024 |
FY2025 |
Change |
|
|
Actual |
Forecast (February 4, 2026) |
(Forecast)-(Actual) |
|
|
Net Sales |
580.3 |
600.0 |
19.7 |
|
Operating income |
50.0 |
53.5 |
3.5 |
|
(Operating income ratio) |
8.6% |
8.9% |
0.3P |
|
Operating income before amortization of goodwill |
50.7 |
54.5 |
3.8 |
|
(Operating income ratio before amortization of goodwill) |
8.7% |
9.1% |
0.4P |
|
Ordinary income |
46.3 |
51.5 |
5.2 |
|
Profit attributable to owners of parent |
30.4 |
36.0 |
5.6 |
|
(Net profit ratio) |
5.2% |
6.0% |
0.8P |
|
Profit attributable to owners of parent before amortization of goodwill |
31.1 |
37.0 |
5.9 |
|
(Net profit ratio before amortization of goodwill) |
5.4% |
6.2% |
0.8P |
(Billion yen)
|
FY2024 |
FY2025 |
Change |
||||
|
Actual |
Forecast (February 4, 2026) |
(Forecast)-(Actual) |
||||
|
Net sales |
Operating income |
Net sales |
Operating income |
Net sales |
Operating income |
|
|
Operating income ratio |
Operating income ratio |
Operating income ratio |
||||
|
Automotive Batteries (Japan) |
101.9 |
10.7 |
110.0 |
11.5 |
8.1 |
0.8 |
|
10.5% |
10.5% |
0P |
||||
|
Automotive Batteries (Overseas) |
260.1 |
18.7 |
260.0 |
19.0 |
-0.1 |
0.3 |
|
7.2% |
7.3% |
0.1P |
||||
|
Industrial Batteries and Power Supplies |
113.1 |
17.9 |
120.0 |
18.0 |
6.9 |
0.1 |
|
15.8% |
15.0% |
-0.8P |
||||
|
Automotive Lithiumion Batteries |
82.8 |
1.4 |
90.0 |
4.0 |
7.2 |
2.6 |
|
1.7% |
4.4% |
2.7P |
||||
|
Specialized Batteries and Others |
22.4 |
2.1 |
20.0 |
2.0 |
-2.4 |
-0.1 |
|
9.5% |
10.0% |
0.5P |
||||
|
Total |
580.3 |
50.7 |
600.0 |
54.5 |
19.7 |
3.8 |
|
8.7% |
9.1% |
0.4P |
||||
- Operating income is operating income before amortization of goodwill and operating income ratio is operating income ratio before amortization of goodwill.