ResearchServiceTechnology

Supplementary Materials
for the Year Ended March 31, 2024
May 17, 2024

Copyright ⒸAhresty Corporation. All Rights reserved.

Key Results for the Fiscal Year Ended March 2024
(Million yen)

Year ended
March 2023
Full year

YoY changes<Reference>Year ended March2024 full year
Oct. 25 revisedplanYear ended March 2024
Full year

1H

2H

140,938

77,75080,50439,443

158,254+17,316

155,000

Operating income

23601

1,690

649

2,291

+2,2682,400

Recurring income

94

938

1,636762

2,574+2,4802,200

Net income

(84)

900

(8,599)(8,954)(7,699)(7,615)

1,400

Sales weight*7683

84

8284

+883

Net sales

4Q* With the FY2018 average set as 100<Overview>➢ Sales:➢➢

Increased 12.3% year on year partly due to the steady recovery in the volume of orders received and the effect of exchange rates.
Sales weight increased 9.6%, reflecting the increase in production by car manufacturers.
Operating income: In addition to an increase in the volume of orders received by the Group as a whole, steady progress in price adjustments to compensate
for higher energy costs, etc. contributed to profit.
Although sales of Japanese car manufacturers in China remained sluggish, cost optimization progressed through reduction of fixed costs, etc.
Net income:Loss increased mainly due to the recording of impairment loss on the plants in China and reversal of deferred tax assets.

1

Copyright ⒸAhresty Corporation. All Rights reserved.

Impairment LossImpairment loss recorded at the plants in China (Guangzhou and Hefei):
Approx. 9 billion yen

Earnings deteriorated due to the significant impact of production reduction byJapanese automakers, our major customers, as competition intensified due to therapid shift to electrification in the Chinese market, resulting in the recording of animpairment loss.
→ Ease of depreciation cost from FY2024(approx. 10 billion yen of reduction in fixed costs annually)→ Considering review of the business portfolio in China in the future2

Copyright ⒸAhresty Corporation. All Rights reserved.

Changes in Sales Weight
Despite production reduction by some customers in 4Q, the full year result reached about the level of the Oct. 25 revised plan.
From FY2024 onward, sales are expected to increase and exceed the level before COVID (FY2018) in FY2026 mainly due torecovery in the volume of orders received and the start of mass production of new products.
Result Forecast

Changes in percentage of sales weight compared to the level of FY2018

Average

Average

Average

Average

Average

2018

2019

2020

2021

2022

Q1

Q2

Q3
2023

3

Q4

Full-year(average)

Average

Average

Average

2023

2024

2025

2026

Copyright ⒸAhresty Corporation. All Rights reserved.

Die Casting Business(Million yen)
Year ended
March 2023

W

Full year

1H

2H
4Q

North
America

Asia

Full year

59,01931,28230,725

14,09762,007+2,98863,500

250

181

414

(2)

595+345

1,000

Net sales

36,99522,971

24,996

12,52147,967+10,972

45,000

Segment income(loss)

(676)

693

549

294

1,242

+1,9181,400

Net sales

33,676

16,302

18,796

10,18735,098+1,42233,6008(988)

338

200

(650)

(658)

(1,200)Net salesJapan

YoY changes<Reference>Year ended March2024 full year
Oct. 25 revisedplanYear ended March 2024

Segment income(loss)

Segment income(loss)* The Mexico Plant in the North America segment and two plants in China in the Asia segment settle their accounts in December.

4Copyright ⒸAhresty Corporation. All Rights reserved.

Die Casting in Japan
Changes in sales and segment income (million yen)
Net sales
Segment income (loss)

15,00015,033 15,459

15,823

Changes in sales weight
Changes in percentage compared to the average level of FY2018
Decrease from Oct. 25 revised plan

1,500

16,62814,097

ResultForecast

1,000416500

13987

10,00042(2)0(500)
5,000(1,000)

0

21Q4

22Q1

22Q2

22Q3

22Q4

23Q1

23Q2

23Q3

23Q4(1,500)<Full year total>
Sales: ¥62,000 million Up ¥2,900 million (5.1%) year on year
Income: ¥590 million Up ¥340 million year on year (surplus expanded)<4Q>
Sales: ¥14,000 million Down ¥930 million (6.2%) year on year
Income: Loss of ¥2 million Down ¥90 million year on year (loss)➢ Despite sudden production adjustments due to customer circumstancesat several major customers in 4Q, the overall volume of orders recovered,resulting in increases in both sales and profit on a full-year basis.

Average

Average

Average

Average

Average

2018

2019

2020

2021

2022

Q1

Q2

Q3

Q4

2023

Full-year Average(average)
2023

2024

Average

Average

2025

2026

Factors behind change in segment income (million yen)313
548
Effect of laborcosts: (386)250

FY2022 full year

5595

Sales volume

Depreciation(444)

Manufacturingcosts

(73)

Other

FY2023 full year

Copyright ⒸAhresty Corporation. All Rights reserved.

Die Casting in North America
Changes in sales and segment income (million yen)
15,000Changes in sales weight
1,500

Net sales

12,475 12,521
11,664

Segment income (loss)

11,307

ResultChanges in percentage compared to the average level of FY2018

Forecast

1,000

10,186250

10,000

405

288

255

294

500

0
5,000(500)(1,000)

021Q4

22Q1

22Q2

22Q3

22Q4

23Q1

23Q2

23Q3

23Q4

Average

Average

Average

Average

Average20182019

2020

2021

2022

(1,500)

Q1

Q2

Q3

Q4

2023

Full-year Average(average)
2023

2024

Average

Average

2025

2026

Factors behind change in segment income (million yen)
635

<Full year total>
Sales: ¥47,900 million Up ¥10,900 million (29.7%) year on year
Income: ¥1,200 million Up ¥1,900 million year on year (returned to theblack)<4Q>
Sales: ¥12,500 million Up ¥2,300 million (22.9%) year on year
Income: ¥290 million Up ¥40 million (17.6%) year on year
➢ The volume of orders received steadily recovered, contributing to increases
in sales and income. Although labor costs continued to rise significantly,
profit was stably secured.

FY2022 full year

Fiscal year end: March in U.S.; December in Mexico
Exchange rate (22Q4 ⇒ 23Q4): U.S. dollar: ¥134.95 ⇒ 144.41; Mexican peso: ¥130.78 ⇒ 140.55

62,401

1,242(953)
Effect of laborcosts: (1,005)

(164)

(676)
Sales volumeDepreciationManufacturingcosts

Other

FY2023 full year

Copyright ⒸAhresty Corporation. All Rights reserved.

Die Casting in Asia
Changes in sales and segment income (million yen)
Net sales

10,000

10,187

Segment income (loss)

8,695

8,595

8,609

7,707

Changes in sales weight
Changes in percentage compared to the average level of FY2018

1,500

ResultForecast

Full-year(average)

Average

Average

Average

2023

2024

2025

2026

1,000

8,000
138

6,000

200

500
0

4,000

(15)

(500)

(371)
(617)

2,000

0

21Q4

22Q1

22Q2

22Q3

22Q4

23Q1(1,000)

23Q2

23Q3

23Q4(1,500)

Average

Average

Average

Average

Average

2018

2019

2020

2021

2022

Q1

Q2

Q3

Q4

2023

Factors behind change in segment income (million yen)
<Full year total>
Sales: ¥35,000 million Up ¥1,400 million (4.2%) year on year
Income: Loss of ¥650 million Down ¥650 million year on year (loss)<4Q>
Sales: ¥10,100 million Up ¥1,400 million (17.2%) year on year
Income: ¥200 million Up ¥210 million year on year (returned to the black)➢ Despite the ongoing sluggish sales of our major customers in China, sales
returned to the black on a quarterly basis due to the temporary increase inthe volume of orders received in 4Q. The Indian plant is improving
productivity and expected to increase earnings in the next fiscal year andbeyond.

FY2022 full year

Fiscal year end: December in China; March in India
Exchange rate (22Q4 ⇒ 23Q4): Chinese yuan: ¥19.39 ⇒ 19.81; Indian rupee: ¥1.68 ⇒ 1.75

78
Effect of laborcosts: (281)

(222)
(154)

59(343)
Sales volume

Depreciation

Manufacturing
costs

Other(650)FY2023 full year

Copyright ⒸAhresty Corporation. All Rights reserved.

Aluminum Business and Proprietary Products BusinessYear ended
March 2023
Full year

AluminumBusiness
Proprietary
ProductsBusinessYear ended March 2024
YoY changes
1H2H

Full year

4Q(Million yen)
<Reference>Year ended March2024 full year
Oct. 25 revised
plan

Net sales

7,975

3,509

3,548

1,641

7,057(918)7,000

Segment
income (loss)

274

8853

11141(133)200

Net sales

3,271

3,684

2,439

999

6,123

+2,852

5,900

Segment
income (loss)

285487404

150891+606800<Aluminum Business>➢ Sales: Decreased due to the impact of a decline in aluminum prices.
➢ Income: Decreased mainly due to the decline in sales.
<Proprietary Products Business>➢ Sales: Large orders, such as clean room projects from a semiconductor production company, our main customer, increased.
➢ Income: Marked record high profit due to the record high sales. Contributed significantly to overall income.

8Copyright ⒸAhresty Corporation. All Rights reserved.

Full-year Plan for Year Ending March 2025
(Million yen)
Year ended March2024
Full year••••Year ending March 2025 (plan)YoY changes
1H

2H

Full yearー+7464,000(2.5%)+1,7092,500

3,500(2.2%)

+926

1,900

2,000(1.3%)+9,699Net sales

158,254

77,00082,000159,000

Operating income

2,291

1,300

2,700

Recurring income

2,574

1,000

Net income(7,699)100

The volume of orders is expected to increase due to the launch of new products mainly in North America and India,
and other factors.
The severe market environment is likely to continue in China.
Enhance resistance to order fluctuations by streamlining production systems to reduce fixed costs and furtherimprove productivity.
Absorb the impact of cost increases by promoting negotiations to pass on energy and labor costs to selling prices.

Exchange rate assumptions in plan: USD: ¥140.00; Chinese yuan: ¥20.0; Indian rupee: ¥1.70

9Copyright ⒸAhresty Corporation. All Rights reserved.

Return to Shareholders
Dividends: Increase in annual dividend to 28 yen in FY2024 isplanned.

Purchase of treasury stock: Steadily progressing

A net loss was recorded for FY2023 due to impairment losses, etc., regrettably
resulting in reduction of the year-end dividend to 5 yen from the 10 yen forecast
at the beginning of the fiscal year. In FY2024, continue to return profits toshareholders based on consolidated financial results in accordance with thefinancial strategy.

Item

Annual dividendInterimYear ended
March 2022

105Year ended
March 2023

105Year ended
March 2024

1510YearendingMarch 2025
Forecast

28
1055518

Net income pershare(201.23)(3.26)(300.55)

81.27

Dividend payout
ratioーーー

34.5%

Year-end

Similar to dividend payments, flexibly implementing the acquisition of our own sharesas part of the capital policy in line with our financial strategy, taking into consideration
our business environment, financial status, etc.

Item

Number of sharesacquired
Total amount(million yen)
Purchase period

Acquisition
limit

As of Apr. 30

Progression rate

679,200

600,000

233,200

38.9%

499.9

500

183.5

36.7%

Previous

May 19, 2023
to December
31, 2023

February 19, 2024 to August 31, 2024

* Implemented cancellation of treasury stock on February 19, 2024:
Number of shares cancelled 530,000* Number of treasury stock as of March 31, 2024: 337,057

10

Copyright ⒸAhresty Corporation. All Rights reserved.

Contact for inquiries regarding this document and the Company’s IR:
Management Planning Section, Management Planning Department, Ahresty Corporation
Phone: +81-3-6369-8664
E-mail: ahresty_MP0_IR@ahresty.com
URL: https://www.ahresty.co.jp/en/
This document and what is said in the results briefing include forecasts that the Company made based on data available when the document was prepared. Actual results could be different from the forecasts for a range of reasons.

Copyright ⒸAhresty Corporation. All Rights reserved.