Highlights
The Latest Financial Results
FY March 2023 Third Quarter Financial Results was announced on February 10, 2023
FY March 2023 Nine Month Results
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Global sales volume for the first nine months of the fiscal year ending March 31, 2023 (April 1, 2022 through December 31, 2022) was 795,000 units, down 15% year on year mainly due to production cuts in the first half of the year, but the sales volume in the three months of the third quarter was up year on year due to improvements, mainly in North America. Consolidated wholesale volume showed steady improvement and was 737,000 units, up 7％ year on year.
Net sales were ¥2,696.3 billion, up 25% from the prior year, operating income was up 72% to ¥109.5 billion, ordinary income was up 127% to ¥135.4 billion, net income attributable to owners of the parent was ¥103.6 billion.
In addition to the increase in consolidated wholesales and our initiatives to improve per-unit prices and reduce marketing expenses, positive effects from the depreciation of the yen also contributed to offsetting the impact of raw material price hikes.
As we achieved year-on-year growth in net sales and profits, our operating income ratio improved to 4.1%.
Regarding exchange rates, the yen weakened against the US dollar, depreciating ¥25 from the prior year to ¥137, while the yen weakened ¥10 against the euro to ¥141.
FY March 2023 Full Year Forecast
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The full year global sales volume forecast for the fiscal year ending March 31, 2023 (April 1, 2022 through March 31, 2023) is revised to 1,163,000 units and consolidated wholesales to 1,087,000 units, reflecting the impact of shortages in semiconductor and transportation vessels.
Based on the situation of improvement in per-unit price and fluctuations in exchange rates, etc., we revised the full-year financial forecast upward, despite the negative impacts of reduced wholesales volume and surges in raw material prices. Net sales are forecast at ¥3.9 trillion, operating income has been revised to ¥150 billion, ordinary income to ¥175 billion, and net income attributable to owners of the parent to ¥140 billion.
Our assumption for full year foreign exchange rates is ¥134 to the US dollar and ¥140 to the euro.
Financial Results & Presentation Documents
Financial results, documents at financial results briefing session and other related documents
Graphs displaying results and financial data
(Years ended March 31)
Global sales volume (Thousands of Units)
Net Sales (Billions of Yen)
Operating Income (Billions of Yen)
Net Income Attributable to Owners of the Parent (Billions of Yen)
