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In respect of sales for the Year Ending March 31, 2024, those of capacitors are expected to increase for mobility. However, not only will sales of connectivity modules considerably decline as a result of a review of the business portfolio, but sales of lithium-ion secondary batteries are also forecast to decrease for power tools. As a result, net sales for the Year Ending March 31, 2024 are expected to decrease 4.0% year on year to 1,620 billion yen, partly due to the effect of exchange rate fluctuations. Looking at profits, the Company plans to decrease profits thanks to negative factors including the production decrease and a decline in product selling prices, despite positive factors such as the yen depreciation effect and the effect of cost reductions. The details are: Operating income will be 270 billion yen, down 9.5% from the period under review. Income before income taxes will be 298 billion yen, down 1.6% from the above-mentioned period. Profit attributable to owners of parent will be 225 billion yen, down 7.7% from the above mentioned period. Regarding capital expenditures, from a medium-to long term perspective, the Company plans a total investment of 220 billion yen primarily to expand production capacity and construct a production building for products whose demand can be expected to grow. The Company expects ROIC (pre-tax basis)* to decline 2.1 points to 12.3% from the period under review, due to a significant decrease in operating income although the Company will hold down an increase in invested capital.
*ROIC (pre-tax basis) = Pre-tax operating income / Average invested capital at the beginning and end of the period (=Net fixed assets[book value]＋inventories＋accounts receivable-trade－accounts payable-trade )
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