(Stock Code: 7242; Prime Market of Tokyo Stock Exchange)
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Introduction:
2020 Medium-Term Management Plan (Summary)
■ Slogan: Regain Trust, Restore Pride
Prevention of nonconforming acts, achievement of high-profit structure
Strengthening governance through group company restructuring
Business selection and concentration
Improvement of profit margin through cost reduction activities.
Response to the demands of society (Activities related to SDGs and sustainability)
Strengthen financial foundation
As a result of implementing all the key policies that we needed to tackle in the 2020 mid-term, we have regained the trust of our customers
2020 Medium-Term Management Plan:
Progress Plan for Bringing Nonconforming Seismic
Isolation/Mitigation Dampers up to Conformity
As of end of Apr. 2023
Work completed
977 buildings [98.6%]
Exchange work ongoing
3 buildings [0.3%]
Waiting for construction work to start, construction
6 buildings [0.6%]
schedule being adjusted
On manufacturing standby to align with the construction
0 building [0%]
schedule
Under administrative coordination
2 buildings [0.2%]
Coordinating details with the relevant persons regarding
3 buildings [0.3%]
bringing the items up to conformity
Total
991 buildings
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We have largely completed bringing the vibration control and seismic isolation dampers up to conformity, and are thoroughly enforcing and continuing policies to prevent recurrence.
FY2022
Financial Information
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FY2022 Financial Summary
IFRS
Differences
(¥ Billion)
FY2021
FY2022
FY2022
Previous
Forecast
forecast
actual
1H
2H
actual
period
(as of Feb.)
(as of Feb.)
Net sales
388.4
442.0
209.9
221.3
431.2
42.8
(10.8)
Segment profits*
24.7
26.5
11.7
13.8
25.5
0.8
(1.0)
[Segment profits ratio]
[6.4%]
[6.0%]
[5.6%]
[6.2%]
[5.9%]
Operating profit
30.0
29.7
14.8
17.7
32.5
2.5
2.8
Profit attributable to
22.5
20.4
10.6
16.6
27.2
4.8
6.8
owners of the parent
Dividend (¥)
105
140
70
130
200
95
60
FOREX (Average) (¥)
JPY/ US$
112.38
134.90
133.97
136.99
135.48
JPY/ EUR
130.56
139.19
138.72
143.23
140.97
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*Segment profits correspond to operating income in JGAAP.
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KYB Corporation published this content on 23 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2023 02:23:09 UTC.
KYB Corp is a Japan-based company mainly engaged in the manufacture and sale of hydraulic shock absorbers and hydraulic equipment, as well as the provision of services related to each business. The Company operates through three segments. The Automotive Components (AC) segment produces hydraulic equipment for automobiles, mainly hydraulic shock absorbers for automobiles and motorcycles, and power steering products. The Hydraulic Components (HC) segment produces industrial hydraulic equipment mainly for construction machinery, stage mechanisms, naval equipment, and vibration damping devices. The Aviation Equipment segment produces takeoff and landing gear, steering gear, and control equipment for aircraft. The Company also manufactures and sells concrete mixers, powder and granule transport vehicles, special function vehicles, and electronic equipment.
KYB CORPORATION 
