Financial Highlights(Quarter)

In the first nine months of the fiscal year ending March 31, 2024, the global economy showed 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. However, the outlook continues to be uncertain, with new geopolitical risk due to outbreak of conflict in the Middle East, 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 nine months of the fiscal year ending March 31, 2024 totaled ¥411,591 million, up ¥36,711 million or 9.8%, 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, etc. In line with this, operating profit came to ¥29,379 million (operating profit before amortization of goodwill came to ¥29,814 million), up ¥10,384 million or 54.7% from the same period of the previous fiscal year. Ordinary profit came to ¥28,958 million, up ¥12,894 million or 80.3% 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 losses. Profit attributable to owners of parent came to ¥17,741 million, up ¥9,892 million or 126.0% from the same period of the previous fiscal year.