Exchange Rate Fluctuations

「Ordinary profit is expected to exceed the previous forecast owing to the increase in operating profit and the recognition of foreign-exchange gains and other items.」

「Segment profit (operating profit) increased by ¥2,649 million, or 89.6%, from the previous consolidated fiscal year to ¥5,607 million, due to the effect of higher sales in the United States and the impact of exchange rates following the appreciation of the Mexican peso.」

「Ordinary profit increased by ¥1,021 million, or 10.5%, year on year to ¥10,709 million, owing to the recognition of foreign-exchange gains.」

「Segment profit (operating profit) increased by ¥902 million, or 47.4%, year on year to ¥2,807 million. Although lower sales in Mexico had a negative impact, this was more than offset by the effect of higher sales in the United States and the impact of exchange rates in Mexico.」

「The outlook remained uncertain due to elevated raw material and energy prices resulting from increased geopolitical risks and sharp fluctuations in foreign exchange rates.」

「(Central America and North America) In Central America and North America, net sales increased by ¥6,454 million, or 58.6%, year on year to ¥17,470 million, due to higher customer production volumes and the impact of exchange rates. Segment profit (operating profit) was ¥1,996 million, compared with a segment loss of ¥2,078 million in the year-earlier period, due to the effect of higher sales and exchange-rate impacts.」

「In Central America and North America, net sales increased by ¥2,778 million, or 43.3%, year on year to ¥9,191 million, due to higher customer production volumes and the impact of exchange rates. Segment profit (operating profit) was ¥1,322 million, compared with a segment loss of ¥1,493 million in the year-earlier period, due to the effect of higher sales and exchange-rate impacts.」

「In Central America and North America, net sales increased by ¥7,407 million, or 69.5%, year on year to ¥18,061 million, due to the start of operations at a new plant in the United States, higher mold sales and the impact of translating into yen.」

「In Central and North America, revenue increased by ¥3,851 million, or 53.8%, year on year to ¥11,016 million, reflecting the start-up of the new US plant, higher mold sales and the impact of yen translation.」

「Net sales increased by ¥183 million, or 0.6%, year on year to ¥30,074 million, due mainly to higher sales of molds in North America and elsewhere and the impact of translating into yen.」

「Some transactions between the company and its major customers are denominated in foreign currencies. Accordingly, fluctuations in exchange rates may affect the group's financial position and operating results.」

「Some transactions between the company and its major customers are denominated in foreign currencies. Accordingly, fluctuations in exchange rates may affect the group's financial position and operating results.」

「(Central America and North America) Net sales decreased by ¥1,210 million, or 6.5%, from the previous consolidated fiscal year to ¥17,549 million, due mainly to lower sales to major customers by the Mexican subsidiary and the impact of translating into yen at a stronger yen exchange rate. Segment profit (operating profit) decreased by ¥2,089 million, or 73.2%, from the previous consolidated fiscal year to ¥765 million. Although the company worked to improve profit through cost reduction initiatives, this was more than offset by costs associated with preparing for the mass production of new products and the impact of exchange-rate movements.」

「(Central America and North America) Although sales to major customers by the Mexican subsidiary and other sales increased, net sales decreased by ¥229 million, or 1.7%, year on year to ¥13,611 million, due mainly to the impact of translating into yen at a stronger yen exchange rate. Segment profit (operating profit) decreased by ¥413 million, or 26.6%, year on year to ¥1,144 million. Although the company worked to improve profit through cost reduction initiatives, this was more than offset by costs associated with preparing for the mass production of new products and the impact of exchange-rate movements.」

「(Central America and North America) Although sales to major customers by the Mexican subsidiary increased, net sales decreased by ¥153 million, or 1.6%, year on year to ¥9,383 million, due mainly to the impact of translating into yen at a stronger yen exchange rate. Segment profit (operating profit) decreased by ¥721 million, or 63.7%, year on year to ¥411 million, due mainly to costs associated with preparing for the mass production of new products and the impact of exchange-rate movements.」

「(ASEAN) Although sales to major customers by the Thai subsidiary were at the same level as in the year-earlier period, net sales increased by ¥443 million, or 18.3%, year on year to ¥2,875 million, due mainly to higher sales to major customers by the Indonesian subsidiary and the impact of translating into yen at a weaker yen exchange rate. Segment profit (operating profit) decreased by ¥7 million, or 2.4%, year on year to ¥322 million, as the effect of higher sales was more than offset by increased costs associated with the mass production of new products and other factors. (Central America and North America) Net sales decreased by ¥913 million, or 16.9%, year on year to ¥4,484 million, due mainly to lower sales to major customers by the Mexican subsidiary and the impact of translating into yen at a stronger yen exchange rate. Segment profit (operating profit) decreased by ¥546 million, or 84.2%, year on year to ¥102 million, due mainly to the effect of lower sales and exchange-rate movements.」

「(ASEAN) Although sales to major customers were at the same level as in the year-earlier period, net sales increased by ¥676 million, or 9.5%, year on year to ¥7,813 million, due mainly to the impact of translating into yen at a weaker yen exchange rate. Segment profit (operating profit) increased by ¥146 million, or 18.1%, year on year to ¥956 million, reflecting cost reduction initiatives and other factors. (Central America and North America) Net sales increased by ¥2,261 million, or 19.5%, year on year to ¥13,840 million, due mainly to higher sales to major customers by the Mexican subsidiary and the impact of translating into yen at a weaker yen exchange rate.」

「Operating income decreased by ¥2,859 million, or 16.6%, from the previous consolidated fiscal year to ¥14,376 million. Although efforts were made to improve profitability through cost reduction activities, higher development costs for next-generation vehicle models, revised costs for actively responding to customers' required quality standards, foreign-exchange fluctuations and other factors weighed on earnings.」

「For the nine months ended the third quarter of the current consolidated fiscal year, consolidated revenue was ¥114,161 million, down ¥5,799 million (4.8%) from the same period of the previous year, due to lower sales to major customers and the impact of translating foreign-currency amounts into yen resulting from yen appreciation, among other factors.」

「Although sales to major customers by the Chinese subsidiary increased, net sales decreased by ¥302 million, or 7.8%, year on year to ¥3,593 million, due mainly to the impact of translating into yen at a stronger yen exchange rate.」

「Although the Mexican subsidiary was affected by exchange-rate movements, net sales increased by ¥93 million, or 2.1%, year on year to ¥4,492 million, reflecting higher sales to major customers and other factors. Segment profit (operating profit) increased by ¥99 million, or 103.5%, year on year to ¥196 million, due mainly to the effect of higher sales, despite the impact of exchange-rate movements.」

「As overseas sales are expected to increase going forward with the expansion of the overseas business, fluctuations in the exchange rates used for translation may affect the group's operating results and other financial results.」