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Supplementary Materials for the First Three Quartersof the Year Ending March 31, 2024
February 8, 2024

Copyright ⒸAhresty Corporation. All Rights reserved.

Key Points of the Financial Results for the First Three Quartersof the Year Ending March 2024
(Million yen)

Year ended
March 2023
First threequarters

Year ending March 2024

1Q

2Q

3Q

Year-on-YearFirst threequarters

Year ending March2024 full year
Oct. 25
Revised plan

Net sales

104,379

37,99639,75441,061

118,812+14,433

155,000

Operating income

(466)

227

374

1,041

1,642

+2,1082,400

Recurring income

(118)

357

581874

1,813+1,9312,200Net income(475)

452

448

355

1,255+1,730

1,400

Sales weight*

7681858784+883<Overview>➢ Sales: Increased 13.8% year on year partly due to the steady recovery in the volume of orders received and the effect of exchange rates.
Sales weight increased 11.1%, reflecting the inrease in production by car manufacturers.
➢ Operating income: Increased despite the ongoing sluggish sales of Japanese car manufacturers in the Chinese market, thanks to an increase in thevolume of orders received by the Group as a whole and the effect of improved productivity.
➢ Net income: Increased mainly due to the increase in operating income and the recording of foreign currency exchange gains resulting from theweakening of the yen.
* With the FY2018 average set as 100

1

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Changes in Sales Weight
Following 1H, the sales weight continued to increase steadily due to a stable increase in orders received, and exceeded the level of the Oct. 25
revised plan for 3Q.
While China continued to see sluggish performance, the recovery trend continued in other regions.

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

平均
Average

平均
Average

平均
Average

平均
Average

2018

2019

2020

2021

Q1

Q2

Q320222Q4

Q1Q22023Q3Forecast

Full year(average)

通期(平均)
2023

Copyright ⒸAhresty Corporation. All Rights reserved.

Die Casting Business(Million yen)

Year endedMarch 2023
First threequarters

JapanNorth
America

Asia

Year ending March 2024

1Q

2Q

3Q

First threequarters

Year-on-Year

Year ending March2024 full year
Oct. 25
Revised plan

Net sales

43,986

15,45915,823

16,62847,910+3,92463,500

Segment
income (loss)163

42139

416

598

+435

1,000

Net sales

26,80911,307

11,664

12,47535,447+8,63845,000

Segment
income (loss)

(926)

405

288

255

948

+1,874

1,400

Net sales

24,981

7,707

8,595

8,609

24,912(69)

33,60023(617)

(371)

138

(850)

(873)

(1,200)

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.
3

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Die Casting in Japan
Changes in sales and segment income (million yen)
DC日本売上DC Japan sales

15,877

Segment income (loss)
セグメント損益

15,00015,033 15,459

15,823

16,628Changes in sales weight
1,500* Changes in percentage compared to the average level of FY2018

Results

Forecast

1,000
586

416
500

13987

10,000420(500)
5,000(1,000)

021Q321Q422Q122Q222Q322Q423Q123Q2

23Q3

Average
平均

Average
平均

Average
平均

Average
平均

2018

2019

2020

2021

Q1

Q2

Q3

Q4

Q1

2022

Q2

Q3

Full year

通期(平均)(average)

2023

2023

(1,500)

Factors behind change in segment income (million yen)<First three quarters>
Sales: ¥47,910 million Up ¥3,924 million (8.9%) year on year
Income: ¥598 million Up ¥435 million year on year (surplus expanded)<3Q>
Sales: ¥16,628 million Up ¥751 million (4.7%) year on year
Income: ¥416 million Down ¥170 million year on year (remained in theblack)➢ Despite an increase in production costs, mainly labor costs, both sales
and income increased due to the continued recovery of the volume oforders received from the first half.

255
824(477)
Effect oflabor costs:(297)

163
22Q3

4

Salesvolume販売量

Depreciation
減価償却

Manufacturing
製造コスト
costs598(168)

Other
その他

23Q3

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

DC北米売上DC North America sales
Segment income (loss)
セグメント損益

11,664

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

Forecast

12,4751,000

11,307
10,186
9,793

10,000

250

405

288

255

500

0
5,000

(500)

(213)

(1,000)
021Q3

21Q4

22Q1

22Q2

22Q3

22Q4

23Q1

23Q2

23Q3

(1,500)

Average平均Average
平均Average
平均Average
平均20182019

2020

2021

Q1

Q2

Q3

Q42022

Q1Q22023

Q3

Full year

通期(平均)(average)
2023

Factors behind change in segment income (million yen)<First three quarters>
Sales: ¥35,447 million Up ¥8,638 million (32.2%) year on year
Income: ¥940 million Up ¥1,870 million year on year (returned to the black)<3Q>
Sales: ¥12,475 million Up ¥2,682 million (27.3%) year on year
Income: ¥255 million Up ¥468 million year on year (returned to the black)➢ The volume of orders received steadily recovered, contributing to increases
in sales and income. Although the rise in labor costs continued to affectrevenue, cost reduction activities were continued in order to reduce
manufacturing costs.

480

2,05538948(699)
Effect of labor costs:
(868)

(926)
22Q3

Fiscal year end: March in U.S.; December in Mexico
Exchange rate (22Q3 ⇒ 23Q3): U.S. dollar: ¥135.41 ⇒ ¥142.76; Mexican peso: ¥128.03 ⇒ 5¥138.87

Sales
volume
販売量

Depreciation
減価償却

Manufacturing
製造コスト
costs

Otherその他

23Q3

Copyright ⒸAhresty Corporation. All Rights reserved.

Die Casting in Asia
Changes in sales and segment income (million yen)
10,0009,286

DCアジア売上DC Asia sales

Segment income (loss)
セグメント損益

Changes in sales weight
1,500

8,695

8,595

8,609

7,707

8,000

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

Forecast

1,000273
138

6,000

500
0

4,000

(15)(500)(371)(617)

2,0000(1,000)

21Q3

21Q4

22Q122Q222Q3

22Q423Q123Q2

23Q3

Average
平均

Average
平均

Average
平均

Average
平均

2018

2019

2020

2021

(1,500)Q2Q3Q42022

Q1Q22023

Q3Full year

通期(平均)(average)
2023

Factors behind change in segment income (million yen)
23

<First three quarters>
Sales: ¥24,912 million Down ¥69 million (0.3%) year on year
Income: Loss of ¥850 million Down ¥873 million year on year (loss increased)<3Q>
Sales: ¥8,609 million Down ¥677 million (7.3%) year on year
Income: ¥138 million Down ¥135 million year on year (surplus secured)➢ Despite the ongoing sluggish sales of our major customers in China, sales
returned to the black on a quarterly basis due to progress in the effort to curb theworsening of productivity of the Indian plant. Focus continues to be placed on
improving productivity and optimizing personnel allocation in China.
Fiscal year end: December in China; March in India
Exchange rate (22Q2 ⇒ 23Q2): Chinese yuan: ¥19.33 ⇒ ¥19.65; Indian rupee: ¥1.70 ⇒ ¥1.73

Q144(136)

Effect of labor costs: (193)
Worsening of productivity: (336)22Q3

6Sales販売量
volumeDepreciation
減価償却(617)
Manufacturing
製造コスト
costs

(166)

(850)

Otherその他

23Q3

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Aluminum Business and Proprietary Products Business(Million yen)
Year ended
March 2023
First threequarters

AluminumBusiness
ProprietaryProductsBusinessYear ending March 2024

1Q

2Q

3Q

First threequarters

Year-onYear

Year ending March2024 full year
Oct. 25
Revised plan

Net sales

6,027

1,842

1,667

1,907

5,417(610)7,000

Segment
income (loss)

235

55

33

42130(105)200

Net sales

2,574

1,679

2,005

1,440

5,125

+2,5515,900

Segment
income (loss)

157

174

313

254

741+584800<Aluminum Business>➢ Sales: Decreased due to a decline in aluminum prices despite an increase in sales weight.
➢ Income: Decreased mainly due to the decline in sales.
<Proprietary Products Business>➢ Sales: Increased due mainly to an increase in orders for clean room projects from a semiconductor production company, our main customer.
➢ Income: Increased mainly due to an increase in net sales. Contributed significantly to overall income.
7

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Return to Shareholders
Implementing cancellation of treasury shares

Launching a new share buyback program
To ensure the execution of capital policies in line with theCompany’s financial strategy, a new share buyback program willbe launched.

Item

Previous

Cancellation of treasury shares will be implemented, taking into
consideration the equity condition and the improvement of the ratio ofshares in circulation, one of the criteria for maintaining the Primelisting.

Item

NewNew

Number of shares acquired

679,200

600,000 (maximum)

Number of sharescancelled

530,000

Total amount (million yen)

499.9

500 (maximum)

Scheduled date ofcancellation

February 19, 2024

Number of shares
outstanding aftercancellation

25,546,717

Purchase period

From May 19 toNovember 30, 2023

From February 19
to August 31, 2024

2.03% of the total number ofshares outstanding before
cancellation* Number of treasury shares as of December 31, 2023: 744,415

8Copyright ⒸAhresty Corporation. All Rights reserved.

Topics： Ahresty India Second Plant to Be Built
To reinforce production in response to new and increased orders for parts for electric vehicles
With the second plant to be built and new production equipment to be installed, a newproduction line will start operation in 2025.
Production capacity / Plant area (as of January 31, 2024)
1,200 t (monthly) / Building area
15,572 m2
Increased area
Second plant (newly built)
8,256 m2
Construction start
August 2023
Completion
End of 2024 (scheduled)
Additional equipment
2 large die cast machines[Second plant completion image]9* The red-framed area is the second plant

Copyright ⒸAhresty Corporation. All Rights reserved.

Topics： Guangzhou Ahresty 20th Anniversary
In October 2023, a celebration ceremony marking the 20th anniversary ofGuangzhou Ahresty was held, inviting the Guangzhou Huangpu District
government, customers, and suppliers.

10Copyright Ⓒ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.jp
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.