On behalf of Press Kogyo, I offer my heartfelt appreciation for the continued support of our shareholders. I will now give an overview of the results for FY 2023 (from April 1, 2023 to March 31, 2024).
Qualitative information on FY 2023 results
In the fiscal year ended March 31, 2024, the truck and construction machinery business environment in Japan and overseas was affected by shutdowns and adjustments of production in the fourth quarter due to the UAW strike in the U.S. and supply shortages at frame manufacturers in Japan. This had an impact on production activities, although there were improvements in the situation regarding the shortage of parts such as semiconductors. In addition, the outlook remained uncertain due to further depreciation of the yen and ongoing concerns about a global economic recession.
Under these circumstances, the Group continued to strengthen its responsiveness to changes in production and carry out rationalization activities, and strived to secure revenues.
As a result of the above, in the current fiscal year, the Company recorded net sales of 197,817 million yen (up 7.0% year on year), operating profit of 1,287 million yen (down 2.3% year on year), ordinary profit of 13,461 million yen (down 1.8% year on year) and profit attributable to owners of parent of 8,078 million yen (up 18.9% year on year).