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During FY25 1Q, the global economy grew moderately as inflation settled down in many countries. On the other hand, in the semiconductor-related markets and the information and communication-related markets, which are our principal markets, the market overall did not see a full-fledged recovery, despite an increase in demand for AI-related products.
Sales revenue for FY25 1Q increased by 4.1%, as compared with the three months ended June 30, 2023 ("FY24 1Q"), mainly due to the impact of a weaker yen, which led to higher sales in all reporting segments.
Profits decreased due mainly to an increase in fixed costs such as labor costs and depreciation charge of property, plant and equipment, and also in research and development expenses. By reporting segment, profits of the Solutions Business increased due mainly to the impact of a weaker yen, while profits of the Core Components Business and Electronic Components Business decreased partly due to weak principal markets. As a result, operating profit decreased by 18.4%, profit before income taxes decreased by 5.4%, and profit attributable to owners of the parent decreased by 1.6% respectively, as compared with FY24 1Q.
[Released on August 1, 2024]
The forecasts of FY25 as well as the forecasts by reporting segment have not been changed from the forecasts announced in April 2024.
