2024/Mar 1Q overview

In the first three months of the fiscal year ending March 31, 2024, the global economy continued to experience inflation due to increased energy prices and rising commodity prices despite showing signs of a gradual recovery thanks to factors such as the progression of the recovery of the supply chain and automobile production volume heading toward recovery. Monetary tightening policies are implemented globally, and the outlook continues to be uncertain, with the risk of an economic downturn, financial market volatility, etc.
In this economic environment, the GS Yuasa Group’s consolidated net sales for the first three months of the fiscal year ending March 31, 2024 totaled ¥120,540 million, up ¥9,111 million or 8.2%, from the same period of the previous fiscal year. This increase in Group sales mainly reflects an increase in sales volume of lithium-ion batteries for hybrid vehicles and the progression of measures to revise sales prices. In line with this, operating profit came to ¥4,836 million (operating profit before goodwill amortization came to ¥4,947 million), up ¥1,265 million or 35.5% from the same period of the previous fiscal year. Ordinary profit came to ¥4,935 million, up ¥2,689 million or 119.7% from the same period of the previous fiscal year, due to improvement in share of profit of entities accounted for using equity method and foreign exchange gains. Profit attributable to owners of parent came to ¥1,649 million, up ¥1,037 million or 169.3% from the same period of the previous fiscal year.

FY2019 FY2020 FY2021 FY2022 FY2023
Net Sales 413,089395,553386,511432,133517,735
Operating Profit 22,65421,67624,81022,66431,500
Ordinary Profit 24,72823,10927,27924,68424,213
Net Income 13,52413,67411,4558,46813,925
Basic Earnings Per Share(yen) 164.74168.23141.91105.23173.11
Total Assets 384,243385,416431,913480,763540,906
Net Assets 207,708205,318234,570249,938270,890
Capital Adequacy Ratio(%) 46.445.846.844.842.6


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