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Latest Update : Mar.12, 2025

Back to Financial Results (FY3/2025)

WEB Presentation for 3Q FY 3/2025 held on February 5, 2025

We once promised that the AS segment would generate 17 billion yen in operating income, and at first, we thought we had provided a conservative estimate.
However, the Chinese market has experienced a significant downturn over the past year, and the profits we had accounted in China have been reduced to about one-third of what we initially estimated. Nevertheless, as this is one of our strengths, the productivity of our U.S. factory has greatly improved, turning it from a loss to a profit and offsetting the decline in our overall profits. Although the U.S. plant had been losing money for a long time, it is now making excellent profits and yields have improved dramatically. This business belongs to the former Honda Lock and they used to work exclusively for Honda, but we have now received orders from U.S. automakers. Due to the Trump administration, we are starting to receive various inquiries from U.S company.
Although it had also been losing money in Europe, we have turned it around by about 2 billion yen at this point. Therefore, I am honestly proud that we were able to offset the significant decline in China and other part of the world by improving earnings in the U.S. and Europe. In the future, as there are the technological advances we initially envisioned, the electrification of various access products, and the launch of more exciting projects, we hope you will look forward to the growth of this business.

22page (total 33pages)

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