Elematec Corporation Briefing Material on Fiscal Year 2024 1Q
1. First quarter of fiscal year 2024: Summary
○First quarter: Consolidated business results
Unit: millions of yen
FY23 1Q
FY24 1Q
Year-on-year
(USD=129.73YEN)
(USD=137.49YEN)
Net sales
57,629
50,757
▲11.9%
Operating income
2,781
2,089
▲24.9%
Ordinary income
2,345
1,888
▲19.5%
Net income
1,552
1,259
▲18.8%
First quarter of fiscal year 2024: Point
Both sales and incomes decreased due to the lower sales of various display-related materials, as well as recording a valuation loss on inventories and provision of allowance for doubtful accounts regarding inventories for and accounts receivable-trade from a specific customer for which an application for civil rehabilitation procedures was filed.
[Factor for increase in sales] ・automotive-related materials
2
2. [Consolidated] First Quarter Business Results
Point
In the electronics industry, although demand for electrification of automobiles continued to
expand, production of electronic parts was weak due to a delayed recovery of the Chinese
economy and diminishing demand for smartphones.
FY2024
FY2022
FY2023
売上高
Unit: millions of yen
Net sales
経常利益
65,538
Ordinary income
61,737
53,798
55,187
57,629
54,868
3,777
50,757
45,034
46,626
3,137
2,415
2,345
1,803
2,043
1,869
1,888
1,605
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
3
3. First Quarter: Consolidated Net Sales/Operating Income
・Net sales decreased year on year
Point ・Operating income decreased as net sales decreased, as well as recording a valuation loss on inventories and provision of allowance for doubtful accounts.
Consolidated net sales
Unit：millions of yen
Net sales
50,757million yen
【YoY】▲6,871million yen (▲11.9％)
Operating income
2,089million yen
45,034
57,629
50,757
22/3期1Q
23/3期1Q
24/3期1Q
Consolidated SG&A expenses
3,229
3,583
3,997
22/3期1Q
23/3期1Q
24/3期1Q
Consolidated operating income
【YoY】▲691million yen (▲24.9％)
2,781
2,089
1,665
FY22 1Q
FY23 1Q
FY24 1Q
22/3期1Q
23/3期1Q
24/3期1Q
4
4. First Quarter: Consolidated Ordinary Income/ Quarterly Net Income
Point Ordinary income/quarterly net income decreased year-on-year due to the lower operating income
Elematec Corporation published this content on 28 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2023 06:20:09 UTC.
Elematec Corp is a Japan-based company mainly engaged in the sale, processing, design and manufacture of electric materials, electronic components and mechanical parts. The Company operates in four regional segments. The Company is engaged in the provision of electrical materials such as substrates, silicon, anisotropic conductive films (ACFs), heat radiation rubbers, high-function films and resins, insulating tapes, high-function adhesives, lens films, anti-reflective materials and inert liquid; electronic components such as connectors, sensors, thermostats, inductors, backlights, fuses and liquid crystal displays (LCDs); mechanical parts such as fiberglass reinforced plastic (FRP) molded products, filters, exterior products, solar panels, power modules and others; other products such as cable accessories, polishing agents, camera monitors and others. The Company operates within the domestic market and to overseas markets, including China, other Asia, Europe and America.
ELEMATEC CORPORATION 
