Financial Results Briefing for the Second Quarter of the Fiscal Year Ending March 31, 2024
TOA Corporation
Securities Code: 6809
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FINANCIAL RESULTS FOR THE SECOND QUARTER OF THE FISCAL YEAR ENDING MARCH 31, 2024
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Performance in the Second Quarter of the FY Ending March 31, 2024 (Changes from Previous Fiscal Year)
Segment | Net sales | Operating profit | ||||
Japan | Increased revenue | Increased profit | ||||
Asia & Pacific | Increased revenue | Increased profit | ||||
Europe, Middle East & Africa | Increased revenue | Increased profit | ||||
The Americas | Increased revenue | Became profitable | ||||
China & East Asia | Increased revenue | Increased profit | ||||
Group total | Increased revenue | Increased profit | ||||
4 | ||||||
Performance in the Second Quarter of the FY Ending March 31, 2024 (Consolidated)
(Million yen)
25,000 20,4000 15,3000 2,000 1,000
0 -1,000
Second quarter of the FY | Second quarter of the FY | Second quarter of the FY | Second quarter of the FY | |||
2021.3⽉期2Q | 2022.3⽉期2Q | 2023.3⽉期2Q | 2024.3⽉期2Q | |||
ended March 31, 2021 | ended March 31, 2022 | ended March 31, 2023 | ending March 31, 2024 | |||
■ Net sales | 17,666 | 18,937 | 20,307 | 21,891 (+7.8%) | ||
■ Operating profit | -32 | 748 | 45 | 693 (+1440.0%) | ||
■ Ordinary profit | 53 | 822 | 456 | 1,191 (+161.0%) | ||
■ Net profit* | -155 | 460 | 629 | 739 (+17.5%) | ||
*Profit attributable to owners of parent | Percentages indicate year-on-year change. | |||||
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NetSales in theSecond Quarter of theFY Ending March 31, 2024 by Regional Segment
(Million yen)
30,000
25,000
20,000
15,000
10,000
5,000
0
Performance in the
second quarter of the fiscal year
20,307 | 21,891 |
1,033 | |
1,004 | 1,287 |
1,155 | 3,119 |
2,586 | |
4,1724,638
11,38711,812
Second quarter of the | Second quarter of the |
FY ended | FY ending |
March 31, 2023 | March 31, 2024 |
(Million yen)
60,000
50,000
40,000
30,000
20,000
10,000
-
Annual numerical forecast
49,000 | ||
45,123 | 2,000 | |
40,864 | 1,922 | 2,700 |
1,851 | 2,536 | 6,100 |
2,081 | 5,468 | |
4,518 | 9,700 |
6,418 | 8,368 |
25,994 26,827 28,500
FY ended | FY ended | Forecast for the FY |
March 31, 2022 | March 31, 2023 | ending |
March 31, 2024 |
■ Japan ■Asia & Pacific ■ Europe, Middle East & Africa ■ The Americas ■ China & East Asia
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Net Sales in the Second Quarter of the FYEnding March 31, 2024 by Product Category
(Million yen)
30,000
25,000
20,000
15,000
10,000
5,000
0
Performance in the
second quarter of the fiscal year
21,891 | |
20,307 | 338 |
2,910 | |
1,262 | |
2,440 |
18,630
16,593
Overseas
Overseas9,512
8,918
Second quarter of the | Second quarter of the |
FY ended | FY ending |
March 31, 2023 | March 31, 2024 |
(Million yen)
60,000
50,000
40,000
30,000
20,000
10,000
-
Annual numerical forecast
49,000 | ||
45,123 | 1,100 | |
40,864 | 1,814 | 7,100 |
1,584 | 6,274 | |
6,097 | 40,800 | |
37,011 | ||
33,161 | ||
Overseas | Overseas | Overseas |
20,500 | ||
18,289 | ||
14,869 | ||
FY ended | FY ended | Forecast for the FY |
March 31, 2022 | March 31, 2023 | ending |
March 31, 2024 |
- Audio ■ Video■ Railway cars
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New Products Launched to Increase Sales
- IP Audio Series expansion
IP | Motion |
camera | sensor |
IP-A1MP Microphone Panel | |
IP-A1RM IP Remote Microphone | |
IP-A1PA12 IP Power Amplifier | Simple to use and easy to operate |
with various functions available | |
- Linking to various devices and systems over networks, automatic broadcasting triggered by IoT sensors and AI sensing is possible. Broadcast operations can be simplified, contributing to more efficient facility operations and the reduction of labor.
- In September 2023, three new models were launched, including a remote microphone, to support a wider range of work environments and operational practices.
- Our goal in all five regional segments is to offer new means of communication, develop new distribution channels and expand sales.
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Initiatives to Address Rising Costs
Purchasing
Parts availability issues have peaked and are easing.
Cost increases due to rising prices, currency effects, etc. will continue.
Sales
Parts, especially electronic parts, have long lead times. Inventory has increased due to the longer lead times.
We are visualizing the status by categorizing the importance and risk of products and parts.
- We are increasing sales with a stable supply of products.
We are standardizing parts and coordinating global purchasing.
- We are enabling centralized purchasing to promote cost reduction.
We are intensifying cross-departmental collaboration to clarify products and quantities to be sold.
- We are thoroughly managing production and sales to reduce inventory.
Logistics
Requests have been received for increases in shipping rates in Japan.
Container prices are trending down, but are not expected to return to pre-COVID-19 pandemic levels.
We are examining shipping methods and lead times.
We are reducing container volume while controlling inventory.
- We are reducing shipping costs.
We revised prices in Japan in April 2022 and July 2023, and overseas as appropriate based on market conditions.
We plan to reduce costs and increase profits by more closely coordinating the purchasing, production, logisticsand sales functions.
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Change in R&D Expenses, Capital Investment and Depreciation Expenses (Consolidated)
(Million yen) | Second quarter of FY | Second quarter of FY | Change |
ended March 31, 2023 | ending March 31, 2024 | (year-on-year) | |
R&D expenses | 1,413 | 1,433 | +20 |
Capital investment
922
648
-274
Depreciation expenses
714
777
+63
- The decrease in capital investment is due to the development of information system infrastructure in the same quarter of the previous fiscal year.
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Disclaimer
TOA Corporation published this content on 28 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 December 2023 08:09:10 UTC.