Asahi : Presentations of Financial Results for First Quarter FY2023.3

Asahi Holdings, Inc.

Financial Results for Q1 FY2023.3

July 28, 2022

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 Q1 FY2023.3

(April 1, 2022 ~ June 30, 2022)

1. Appendix

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0１ Consolidated Results

						Unit：billion yen
	Q1		Q1	FY2023.3
	FY2022.3	FY2023.3
	Result	Result		YoY	Forecast	YoY
		Change	Change
Revenue	50.4	59.7	9.3	200.0	7.6
Operating profit	6.9	5.7		(1.2)	24.0	(2.4)
Ratio	13.7％	9.5%		(4.2％)	12.0％	(1.7％)
Profit before tax	6.8	6.1		(0.7)	23.5	(2.9)
Profit※1	4.8	4.3	(0.6)	16.0	(2.7)
Capex	2.1	1.3		(0.9)	6.5	(1.8)
Depreciation	0.7	0.8	0.1	3.0	0.3

※1 ※Profit attributable to owners of parent

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02 Business Environment in Each Segment

Precious Metals Business

In the precious metals recycling sector in Japan and Asia, the volume of collection from jewelry and electronics field increased while the volume of collection from dentistry and catalyst decreased.

In refining business in North America, the volume of product processing and sales increased.

Business field

Dentistry

Jewelry

Catalyst

Electronics sector North American refining

Business Environment

Decreasing trend in collection volume due to the penetration of alternative products caused by soaring prices of precious metals

Purchase demand expanded in line with soaring precious metals prices, and collection volume from buyers increased significantly.

The volume of collection decreased both In Japan and overseas due to the decrease in the number of automobiles sold.

Although some electronics units was influenced by reduction in production caused by Shanghai Lock down, the volume of collection increased by demand expansion for industrial use.

The volume of product processing and sales increased.

Environmental Preservation Business

The volume of collection from educational institutions, medical, construction and chemical industries increased, but food service industries remained sluggish. The volume of collection from the Automobile decreased by the semiconductor shortage

Industry

Educational/Research institution

Construction

Automobile Food

Medical

Chemical

Business Environment

The amount of collection in education industry increased.

The number of housing starts was on a recovery and the volume of industrial waste generated is increasing. The volume of industrial waste decreased due to decline in plant usage caused by semiconductor shortage.

The decline of demand in the food service industry continued, leading to a decrease in the volume of waste. The volume of medical wastes collection and incineration increased due to the increase in accommodations for infected patient.

The volume of collection of disinfectant-related products increased.

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03 Precious Metals Business

Precious Metals Recycling Business (Japan and Asia)

Q1 FY2023.3 Result

Although precious metals sales was strong, expenditure related to the launch of new plant in Bando, etc. increased.

➡Increaseinrevenueanddecreaseinprofit

Refining Business in North America

Q1 FY2023.3 Result

The volume of product processing and sales increased.

➡Increaseinbothrevenueandprofit

		Q1
Precious Metals		FY2022.3
	Results
Revenue		46.3
Operating Profit		7.2
Ratio		15.5%

Q1
FY2023.3
Results	YoY Change
55.3	9.0
5.6	(1.6)
10.0%	(5.5%)

[Unit: ¥ billion]

FY2023.3

Forecast	YoY Change

1. 7.1

1. (2.6)

13.3% (2.0%)

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