G Tekt : Financial Review the Result of the Q3 of FY2022
February 02, 2023
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Financial Review
The Result of the Q3 of FY2022
February 3rd, 2023
Disclaimer
This presentation contains forward looking statements which reflect Management's current views and estimates. The forward looking statements involve certain risks and uncertainties, which may cause actual results to differ materially from those contained in the forward looking statements. Potential risks and uncertainties include such factors as general economic conditions, foreign exchange fluctuations, competitive product and pricing pressures and regulatory developments.
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February 3, 2023
G-TEKT Financial Review The Result of the Q3 of FY2022
Reminders
All amounts are in JPY (unless otherwise noted).
"Mass Production'' in the context of factors affecting operating profit, means assembly and transmission parts.
''Non-MassProduction'' in the context of factors affecting operating profit, means equipment, die and new model prototype.
North America Segment excludes G-ONE AUTO PARTS DE MEXICO, S.A. DE C.V. (G-ONE).
Financial statements are available in '' Summary of Consolidated Financial Results for the Nine Months Ended December 31, 2022 (Based on Japanese GAAP)'' disclosed at G-TEKT
Although production adjustments continued at major customers, the revision of material unit prices and the impact of foreign exchange rates led to an increase in sales of mass production.
Despite the fixed cost impact due to sharp production fluctuations, the cost reduction effort in the die equipment manufacturing contributed to the increase in operating profit.
G-TEKT expects that the full-year result will fall short of the previous forecast due to further production cutbacks by our customers due to the impact of semiconductors in North America and the re-expansion of the COVID-19 in China, as well as fixed cost impacts due to sharp production fluctuations.
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February 3, 2023
G-TEKT Financial Review The Result of the Q3 of FY2022
FY2022 Nine-month Financial Results Apr. - Dec.
9M-2021
Change
YOY
9M-2022
(in JPY billion)
Apr. - Dec.
variance (%)
Apr. - Dec.
Net sales
166.9
+68.8
41.2
235.7
Operating profit
6.6
+3.6
54.9
10.2
Operating profit margin
4.0%
+0.3pt
-
4.3%
Net income attributable
5.4
+3.0
55.5
8.4
to owners of parent
EPS
125.85
+69.66
55.4
195.51
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February 3, 2023
G-TEKT Financial Review The Result of the Q3 of FY2022
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G-Tekt Corporation published this content on 03 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2023 06:22:07 UTC.
G-TEKT CORPORATION is a Japan-based company mainly engaged in the manufacture and sale of automotive parts. The Company operates in six regional segments, including Japan, North America, Europe, Asia, China and South America. The Company is engaged in the provision of automobile body parts such as dashboards, side structures, parcels, back panels and frames, transportation equipment parts such as automobile body pressed parts and thick precision pressed parts, automotive transmission parts, as well as production equipment such as molds, jigs and tools, and welding equipment.
G-TEKT CORPORATION 
