Investor Relations Performance Trends
March 2025 term 3Q
In this fiscal year the Group launched “IKO Medium-term Business Plan 2026 Connect for Growth —The Future of Innovation, Connected by IKO—.” In our basic policy for the plan, we aim to boost profitability and efficiency through focused enhancement in areas of strength. At the same time, we will drive growth by rebuilding the global business structure. Based on this policy, we have made progress on measures to tackle our key challenges.
From a sales perspective, the Group strove to ingrain the IKO brand in the market by enhancing customer convenience through the proactive participation in trade exhibitions in Japan and overseas, addition of a selection tool for Linear Motor Table products to a website specifically for the Mechatronics series, and other initiatives.
In terms of product development, we developed and launched the Parallel Drive Stage, a mechatronics product featuring a low-profile design through the adoption of our unique actuator mechanism with two axes positioned in parallel. This advance strengthens our lineup of high-value products to better meet diverse customer needs.
From a production standpoint, we proactively promoted initiatives for improving on-site conditions at our factories in Japan and production subsidiaries in Vietnam and China with a focus on streamlining and labor-saving, in pursuit of ideal manufacturing sites, and strengthened our global supply system.
As a result, consolidated net sales for the nine months ended December 31, 2024 totaled ¥40,289 million, down 4.4% year on year. On the earnings front, operating profit decreased by 70.0% year on year to ¥910 million due mainly to a decrease in net sales and a decrease in production volume. Ordinary profit came to ¥1,544 million due mainly to the recording of foreign exchange gains but decreased by 60.3% year on year. However, due mainly to an increase in the tax burden caused by a reversal of deferred tax assets, profit attributable to owners of parent decreased by 99.6% year on year to ¥8 million.
Consolidated Balance Sheets
Total assets as of December 31, 2024, totaled \121,633 million, an increase of \2,446 million compared with the end of the previous fiscal year. This mainly comprised increases in cash and deposits of \1,943 million, notes and accounts receivable - trade of \562 million, tangible fixed assets of \625 million, and investment securities of \694 million as well as decreases in inventories of \1,138 million and other accounts receivable of ¥616 million.
Total liabilities amounted to \45,347 million, an increase of \2,324 million compared with the end of the previous fiscal year. This mainly comprised an increase in long-term borrowings of \7,424 million as well as a decrease in short-term borrowings of ¥5,000 million.
Total net assets amounted to ¥76,285 million, an increase of ¥121 million compared with the end of the previous fiscal year. This mainly comprised increases in valuation difference on available-for-sale securities of ¥465 million and foreign currency translation adjustments of ¥999 million as well as a decrease in retained earnings of \1,330 million.
