G Tekt : Earnings Release Three months ended June 30, 2022（PDF：783KB）
August 11, 2022 at 07:14 am EDT
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Earnings Release
Three months ended June 30, 2022
August 05, 2022
August 5, 2022 Earnings Release Three
months ended June 30, 2022
Disclaimer
This presentation contains forward looking statements which reflect Management's current views and estimates. The forward looking statements involve certain risks and uncertainties that could 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.
August 5, 2022 Earnings Release Three months ended June 30, 2022
Reminders
All amounts are in JPY (unless otherwise noted)
''Mass production'' sales in this report means sales of assembly and transmission parts
''Non-massproduction'' sales in this report means sales of equipment, die and new model prototype
G-ONEAUTO PARTS DE MEXICO, S.A. DE C.V. (G-ONE), the equity-method affiliate, is excluded from North America Segment
Financial statements are available in '' Summary of Consolidated Financial Results for the Three Months Ended June 30, 2022 (Based on Japanese GAAP) '' disclosed at
G-TEKT official website on August 5, 2022. https://ssl4.eir-parts.net/doc/5970/ir_material_for_fiscal_ym11/122059/00.pdf
August 5, 2022 Earnings Release Three months ended June 30, 2022
Key messages
Three-MonthsResults: Year-on-year net sales growth of 21.0% and operating profit growth of 28.5%
The semiconductor shortage and the Shanghai lockdown led our clients' reduced production at the beginning; however, the second half saw a recovery trend
The balance of geographical segments and customer mix supported
Revisions in material unit prices and foreign exchange impact contributed
Manufacturing cost control in response to production fluctuations
Improving margins in non-mass production and continued cost saving activities
Continuous remote working and computerized operations, countermeasures for COVID-19, reduced labor hours and expenses
Agreed to launch joint development with Ahresty Corp., whose core business is automotive die casting, pursuing the potential of aluminum materials from environmental standpoints.
August 5, 2022 Earnings Release Three months ended June 30, 2022
Three-month 2022 financial results
Apr.-Jun.
JPY BILLIONS - EXCEPT PER SHARE FIGURES
3M-2021
3M-2022
YOY variance
Currency effects
Apr.-Jun.
Apr.-Jun.
Net sales
¥
55.7
¥
67.5
21.0%
8.3
SG&A expenses
¥
3.3
¥
3.6
11.3%
0.4
Operating profit
¥
1.6
¥
2.1
28.5%
0.3
Operating profit margin
2.9%
3.1%
+0.2Pt
-
Net income attributable to
¥
1.4
¥
2.9
106.4%
0.2
owners of parent
EPS
¥
32.25
¥
66.51
-
-
EBITDA
¥
5.5
¥
6.1
14.1%
-
Depreciation
¥
3.8
¥
4.1
8.0%
-
August 5, 2022 Earnings Release Three months ended June 30, 2022
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G-Tekt Corporation published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 11:13:37 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 
