Asahi : Presentations of Financial Results for FY2023.3

Asahi Holdings, Inc.

Financial Results for FY2023.3

April 27, 2023

These forecast performance figures are based on information currently available to the company's management and certain assumptions judged rationally. Accordingly, there might be cases in which actual results materially differ from forecasts of this report.

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1. Financial Results for FY2023.3

(April 1, 2022 ~ March 31, 2023)

1. Appendix

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01 Key Points of FY2023.3 Financial Results

Business Performance

FY2023.3	Revenue: ¥292.4 bn (YoY increase of ¥100 bn)
Financial results	Operating profit: ¥19.2 bn (YoY decrease of ¥7.2 bn)
Change in metals	Revenue rose due to the larger collection from jewelry sector and rising gold prices.
Larger revenue in jewelry sector made limited contribution to profit because of the
collection	lower profit margin than other sectors.
	Collections from catalyst and dentistry sectors fell.
Fall in rhodium price	The price of rhodium contained in the automotive catalyst fell sharply, which resulted
in price fluctuations that were difficult to hedge.
Solid North American	North American refining business was overall steady, excluding the impact of the
refining business	"Stock-Take".
Strong Environmental	Strong results thanks to the recovery in industrial production activities.
Preservation business	Operation profit increased despite the impact of impairment loss and deconsolidation.
	(Affecting operating profit)
	・Impairment loss and related loss on existing facilities due to building of Yokohama
	new incinerator	¥0.9 bn
	・Withdrawal from North American carbon business
One-time losses	¥0.4 bn
・Loss on equity-method investments	¥0.6 bn
	(Posted in other expenses)
	・Payment for compensation for damage related to intellectual property rights at an
	equity-method affiliate	¥1.5 bn
	・Loss on transfer of shares of equity-method affiliate	¥1.8 bn

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02 Topics

経Topics営成績

Bando Plant started	Bando Plant began operating in April 2022.
Making a large contribution in increasing the volume of metals collected from jewelry
operation
sector. Leveraging the high production capacity of the state-of-the-art facilities.
Launch of DXE business	DXE Inc., a subsidiary, launched a service to raise efficiency of industrial waste management
using digital technologies in June 2022.
PoC for CO2 emissions	The CO2 emissions reduction PoC project, which is supported by the Ministry of the
Environment, duly completed a technological PoC installing hydrogen manufacturing
reduction
equipment and moved to the next stage of building a hydrogen supply chain.
Company split of	Split the company into precious metals recycling, precious metals refining and
manufacturing/trading, and environmental preservation to achieve agile management of each
Asahi Pretec Corp.
subsidiary.
Launch precious metals	Launch precious metals warehousing business in the State of New York in May 2023 with
warehouse business	certification from COMEX.
	Disclosed Scope 1, 2 and 3 emissions for FY2022.3.
	Score "B" by CDP climate change.
ESG initiatives	Recognized as a Certified Health & Productivity Management Outstanding Organization for the
fourth consecutive year.
	Introduced three-day weekends option from October 2022.
	Introducing a stock compensation plan for managements that uses TSR as an indicator in
	FY2024.3

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03 Consolidated Results

FY2022.3

FY2023.3

Unit：billion yen

FY202024.3.3

		Results
		192.4
Revenue
Operating profit	26.4
Ratio	13.7%
Profit before tax	26.4
Profit※1	18.7

Results

292.4

19.3

6.6%

16.1

10.9

YoY

Change

100.0

(7.2)

(7.1%)

(10.3)

(7.8)

Forecast

250.0

19.0

7.6%

18.5

13.2

YoY

Change

(42.4)

(0.3)

1.0%

2.4

2.3

Capex	8.3
Depreciation	2.7

※1※Profit attributable to owners of parent

4.9 (3.4)

3.3	0.6

12.4

3.1

7.5

(0.2)

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