Earnings Forcast

The Group expects that net sales will come to 180,000 million yen in consideration of continuing solid market conditions and the start of supply based on new commercial rights, although there are uncertain factors such as the impact of a decrease in production at customers against the backdrop of unstable supply chains caused by chaotic supply situations in many parts of the world attributable to conflicts in Ukraine and the Middle East.
In terms of profitability, the Group expects to post an operating loss of 6,800 million yen, taking into consideration the need to further enhance investment for future growth in response to the accelerated electrification of vehicles. Ordinary loss and loss attributable to owners of parent are expected to be 2,800 million yen and 1,600 million yen, respectively, including the share of profit of entities accounted for using equity method. The assumed foreign exchange rates for the fiscal year ending December 31, 2024 are 138.20 yen against the U.S. dollar and 150.00 yen against the euro.