GS Yuasa : Three Months Ended June 30, 2022(FY2022) Result Briefing (2.3MB)

Three Months Ended June 30, 2022(FY2022)

Result Briefing

August 3, 2022

GS Yuasa Corporation

Contents

FY2022 First Quarter Financial Results

1. Point …………………………………………………………………………………
2. Net Sales, Profits ……………………………………………………………
3. Segment Results ………………………………………………………………
4. • Automotive Batteries (Japan) ……………………………………………
   • Automotive Batteries (Overseas) ………………………………………

- Industrial Batteries and Power Supplies …………………………

- Automotive Lithium-ion Batteries	…………………………………
- Specialized Batteries and Others	……………………………………

1. Balance Sheet ……………………………………………………………………
2. Topics …………………………………………………………………………………

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FY2022 First Quarter Financial Results

1. Point

• Looking at the global economy, confusion due to shortage of components or lockdown measures in China has continued. Furthermore, inflation has accelerated such as rising in raw material price due to situation in Ukraine or energy cost increase and so on. America accelerated pace of monetary tightening to control inflation, accordingly, the weaker yen progressed due to expansion of gap in interest rates between Japan and America.
• Group sales and operating income increased mainly due to higher sales volume of lithium-ion batteries for hybrid vehicles or the impact of the consolidation of the company in Turkey as well as the exchange rate benefit from a weaker yen.
• Ordinary income and profit attributable to owners of parent decreased due to deterioration of share of profit or loss of investments accounted for using equity method or accounting foreign exchange losses.

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2. Net Sales, Profits

		(Billion yen)
FY2021	FY2022	Change	(YoY%)
Apr-Jun	Apr-Jun

Net Sales	95.5	111.4	+15.9		(+16.7%)
Operating income	3.2	3.6	+0.4		(+11.2%)
(Operating income ratio)	3.4%	3.2%	-0.2P
Operating income before amortization of goodwill	3.8	3.8	+0.0
(Operating income ratio before amortization of goodwill)	4.0%	3.4%	-0.6P
Ordinary income	4.3	2.2	-2.1		(-47.4%)
Extraordinary income	1.5	1.0	-0.5
Extraordinary loss	0.6	0.1	-0.5
Profit before income taxes	5.2	3.1	-2.1
Income taxes	1.2	1.3	+0.1
Profit attributable to non-controlling interests	1.3	1.2	-0.1
Profit attributable to owners of parent	2.7	0.6	-2.1		(-77.1%)
(Net profit ratio)	2.8%	0.5%	-2.3P
Profit attributable to owners of parent before	3.2	0.9	-2.3
amortization of goodwill
(Net profit ratio before amortization of goodwill)	3.3%	0.8%	-2.5P
Domestic lead price quote	¥291,400/t	¥348,200/t	+¥56,800/t
LME	2,127US$/t	2,203US$/t	+76US$/t
Exchange rate	¥109.76/US$	¥131.25/US$	+¥21.49/US$
	5	© 2022 GS Yuasa International Ltd. All Rights Reserved.