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Supplementary Materials for the First Quarterof the Year Ending March 31, 2024
August 10, 2023

Copyright ⒸAhresty Corporation. All Rights reserved.

Key Points of the Financial Results
for the First Quarter of the Year Ending March 2024
(Million yen)
Year ended March 2023
1Q

2Q

3Q

Year ending
March 2024 1Q

4Q

Year-on-Year
1Q

Net sales

33,11333,42337,84336,55937,996+4,883Operating income

(553)

(645)

732

489

227+780

Recurring income

(424)

(396)

702

213

357+781Net income

(649)

(181)

355

391

452

+1,101

Sales weight*75

71

83

77

81+6

* With the FY2018 average set as 100<Overview>➢ Net sales:

Increased 14.7% year on year due mainly to the recovery in the volume of orders received and the weakening of the yen.
Sales weight increased 8.5%, reflecting the production increase by car manufacturers in line with the easing of thesemiconductor shortage.
➢ Operating income: Despite the impact of the rising energy prices, the spread of infection following the lifting of the zero-COVID policy inChina, etc., a surplus has been stably recorded since the third quarter of the previous fiscal year due to recovery in orders
received by the Group as a whole.
➢ Net income:
Increased mainly due to the recording of foreign currency exchange gains resulting from the weakening of the yen
1

Copyright ⒸAhresty Corporation. All Rights reserved.

Changes in Sales Weight
Sales weight has been gradually on the rise as production by car manufacturers has recovered due to thestabilization of supply of semiconductors. In the first quarter, sales weight increased mostly as planned.
0518計画からの減少分
Decrease from May 18 plan
* Changes in percentage of sales weight compared to the level of FY2018

平均Average20182018

平均
Average
2019
2019

平均
Average
2020
2020

平均
Average
2021
2021

Q1

Results

Q2

Q320222

Q4Q1

Forecasts (May 18 plan)

Q2

Q3

Q42023Copyright ⒸAhresty Corporation. All Rights reserved.

Die Casting Business(Million yen)

Year ended March 2023

Japan

North
America

Asia

Year ending
March 2024 1Q

Year-on-Year
1Q

1Q

2Q

3Q

4Q

Net sales

13,01615,093

15,877

15,033

15,459+2,443

Segment
income (loss)

(554)

131

586

87

42+596

Net sales

8,357

8,659

9,793

10,186

11,307+2,950

Segment
income (loss)

(441)

(272)

(213)

250405+846

Net sales

8,473

7,222

9,286

8,695

7,707

(766)

Segment
income (loss)

340(590)273(15)

(617)

(957)

* The Mexico Plant in the North America segment and two plants in China in the Asia segment settle their accounts in December.

3

Copyright ⒸAhresty Corporation. All Rights reserved.

Die Casting in Japan
Changes in sales weight

Changes in sales and segment income (million yen)
1,500
DC Japan sales
15,877 15,033

Segment income (loss)

15,00013,016

ResultsForecasts(May 18 plan)

1,000

15,093586
87 ＋42131

10,0000518計画からの減少分Decrease from May 18 plan
* Changes in percentage compared to the average level of FY2018

15,4595000(500)

5,000(554)平均(1,000)

Average2018

平均Average
2019

平均Average
2020

Q1

平均

Q22018 2019 2020 2021
021Q121Q221Q3

21Q422Q122Q222Q3

22Q423Q1

Q3

Q4

Q1

Q2

Q3

Q4

Average
2021

2022

2023

(1,500)

Factors behind change in segment income (Million yen)
Sales: ¥15,400 million Up ¥2,400 million (18.8%) year on year
➢ Sales weight recovered due to the stabilization of supply ofsemiconductors, resulting in an increase in sales.

577

66

207

42(253)

Income: ¥40 million Up ¥590 million year on year (returned to theblack)➢ Despite an increase in production costs due to rises in energy
prices and labor costs, etc., the result returned to the black in linewith the recovery in the volume of orders received.

Impact of energy costs: (80)
Effect of labor costs: (93)

(554)
22Q1

4Salesvolume
販売量

Depreciation
減価償却

Manufacturing
製造コスト
costs

Other
その他

23Q1

Copyright ⒸAhresty Corporation. All Rights reserved.

Die Casting in North America
12,000Changes in sales and segment income (Million yen)
11,307

Changes in sales weight
2,000

10,000

10,186
8,357

8,000

1,500

9,793

Segment income (loss)

Forecasts(May 18 plan)

Results* Changes in percentage compared to the average level of FY2018

DC North America sales
8,659

1,000
250

+405
500

6,000
0
4,000(441)2,000
021Q121Q221Q321Q422Q1(441)22Q2(500)
(213)

22Q3

22Q4

23Q1(1,000)

平均
Average2018(1,500)2018 2019 2020 2021

平均
Average2019

平均
Average
2020

平均
Average2021

Q1Q2Q3

Q4

Q1Q22022

Q3Q42023

Factors behind change in segment income (Million yen)
180
Sales: ¥11,300 million Up ¥2,900 million (35.5%) year on year
➢ Sales weight recovered due to the weakening of the yen and the stabilizationof supply of semiconductors, resulting in an increase in sales.
Income: ¥400 million Up ¥840 million year on year (returned to the black)➢ Despite an increase in production costs due to rises in labor costs, etc.,
income increased significantly thanks to the increase in income from U.S.
plants, which was partly attributed to the recovery in orders received and theeffects of price adjustments and cost reduction activities.

844

(90)
Effect of labor costs:
(208)

(441)
22Q1

Fiscal year end: March in U.S.; December in Mexico
Exchange rate (22Q1 ⇒ 23Q1): U.S. dollar: ¥129.05 ⇒ 138.11; Mexican peso: ¥117.12 ⇒ 133.26

405

(87)

5Salesvolume
販売量

Depreciation
減価償却

Manufacturing
製造コスト
costs

Otherその他

23Q1

Copyright ⒸAhresty Corporation. All Rights reserved.

Die Casting in Asia
Changes in sales weight

Changes in sales and segment income (Million yen)
10,000DC Asia sales
Segment income (loss)

8,000

1,500

9,286 8,6958,473

7,707

7,222

Decrease from May 18 plan
0518計画からの減少分* Changes in percentage compared to the average level of FY2018

340

ResultsForecasts(May 18 plan)

1,000500

6,000(15)273

04,000(500)
2,0000(590)(617)

21Q1 21Q2 21Q3 21Q4 22Q1 22Q2 22Q3 22Q4 23Q1(1,000)

平均
Average2018(1,500)2018 2019 2020 2021

平均
Average2019

平均
Average
2020

平均
Average
2021

Q1Q2

Q3Q4

Q1Q22022

Q3Q42023

Factors behind change in segment income (Million yen)
340
Sales: ¥7,700 million Down ¥700 million (9.0%) year on year
➢ Despite an increase in sales in line with the start of mass production by amajor customer in India, orders decreased significantly reflecting stagnant
sales of Japanese manufacturers due to the spread of infection following
the lifting of the zero-COVID policy in China and the rapid spread of EVs.
Income: Loss of ¥600 million Down ¥950 million from the previous 1Q➢ Despite efforts to reduce fixed costs, such as labor costs, income declined
due to the abovementioned significant decrease in orders and theunstable production of some parts, resulting in higher costs.
Fiscal year end: December in China; March in India
Exchange rate (22Q1 ⇒ 23Q1): Chinese yuan: ¥18.44 ⇒ 19.33; Indian rupee: ¥1.68 ⇒ 1.69(663)

(54)
(251)

22Q1

6

販売量
Sales
volume

減価償却
Depreciation

Manufacturing
製造コスト
costs

9(617)

その他
Other

23Q1

Copyright ⒸAhresty Corporation. All Rights reserved.

Aluminum Business and Proprietary Products Business(Million yen)

Year ended March 2023
1Q

AluminumBusiness

Proprietary
ProductsBusinessNet sales
Segment
income (loss)
Net sales
Segment
income (loss)

2Q

3Q

4Q

Year ending
March 2024 1Q

Year-on-Year1Q

2,100

1,820

2,107

1,947

1,842(258)

8270

83

3955(27)

1,165

629

780

697

1,679

+514

90

21

46

127

174+84<Aluminum Business>➢ Sales:
Decreased due to a decrease in sales weight as a result of a decrease in automobile-related delivery, and a decline in the market of nearly 10% from 1Q of theprevious year
➢ Income: Decreased mainly due to the decline in sales<Proprietary Products Business>➢ Sales:
Increased due to an increase in orders for clean room projects from a semiconductor production company, our main customer, and the recording of sales of amajor project that was postponed from the previous period➢ Income: Achieved a stable profit, though the profitability varies among individual projects

7

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Topics : Major models featuring our products
HEVToyota PRIUS
Inverter cases for Power Control Unit produced in Japan

BEV

BEV

Lexus RZ450e
Cases for Electricity Supply Unit (battery charger and DC-DC converter)
produced in Japan and China

TOYOTA PRIUS

Guangzhou Automobile AION Y
Structural components of EV batteries produced in China(delivered for CATL, a global leader)

HEVICE

Subaru CROSSTREK
Motor cases for electric vehicles produced in Japan

8Battery structural component

Copyright ⒸAhresty Corporation. All Rights reserved.

Topics : Initiatives in Non-automotive Fields
Proprietary Products Business (MOVAFLOR)
Received large orders in Beijing, China✓ Major semiconductor device
manufacturer in China
NAURA Technology Group Co., Ltd.
✓ Clean room
Approx. 15,000 m2(about 43,000 sheets)

MOVAFLOR

Expand sales in China and other Asianmarkets while maintaining the top market
share in Japan
9Copyright ⒸAhresty Corporation. All Rights reserved.

Topics : Awards in the technology field
Onoda Prize (Japan Die Casting Association)“Development of a laser heat treatment technology for SPR joints ofaluminum die casting that reduces CO2 emissions to one-tenth”
Patent acquired in April 2023 (No. 7270056)
A technology to reduce CO2 emissions and production costs by heat-treating only the necessary
portions of mainly large parts, such as body parts, for a short period of time
Laser heat treatment fora shock tower-shaped product

The Technology Prize (Japan Foundry Engineering Society)“Development of a wireless measurement system for inner-die liquid
metal pressure”
A technology useful for reduction of defects and quality assurance

Kubota Prize (Japan Foundry Engineering Society)Awarded for the “development of high-quality aluminum die castingproduction technology and its application to automobile parts, andcontribution to the operation of Society”
10(Left) Kubota Prize winner: Mr. Shunzo Aoyama

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
Email: ahresty_MP0_IR@ahresty.com
URL: https://www.ahresty.co.jpThis document and what has been said in the results briefing include forecasts that the Company has made based on data available when the document was prepared.
Actual results could differ from the forecasts for a range of reasons.

Copyright ⒸAhresty Corporation. All Rights reserved.