AISIN CORPORATION reported higher sales in the first quarter of the fiscal year ending March 2027, while operating profit and profit attributable to owners of the parent declined. The impact of foreign exchange rates and increased production in North America and ASEAN were cited as factors.
According to the summary of the earnings report for the first quarter of the fiscal year ending March 2027, net sales increased 7.8% year on year to ¥1.3156 trillion, while operating profit declined 23.6% to ¥36.6 billion and profit attributable to owners of the parent declined 19.4% to ¥31.9 billion. Full-year net income is expected to decline 12.6%.
The earnings presentation cited higher sales aided by the weaker yen, increased sales from higher production of hybrid transmissions in North America, and an expanded earnings base resulting from higher volumes in ASEAN and India. Improvements to the company’s operations in Japan and the positive impact of the weaker yen were also identified as factors supporting profitability.
Meanwhile, fluctuations in customer trends, higher material costs and the impact of tariffs, production launch costs in Europe, and regional differences in powertrain demand were cited as risk factors. Attention is required regarding their potential impact on future performance.