Investor Relations Performance Trends
June 2025 term 2Q
in April this 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 accelerated activities of the Mechatronics Unit Sales Promotion Office established in April this year to offer solutions to the challenges our customers face. We also proactively participated in trade exhibitions in Japan and overseas as we strove to ingrain the IKO brand in the market and cultivate demand.
In terms of product development, we launched new models with increased thrust force and extended stroke length to the Linear Motor Table LT Series, a range of mechatronics products with a linear motor drive. This advance strengthens our lineup of high-value products to better meet diverse customer needs.
From a production standpoint, we geared up for the start of operations at our new factory in Vietnam in 2026 to strengthen our global supply system. In addition, we began stably sourcing renewable energy from agrivoltaics power stations and supplying it to the Gifu Factory Complex, our domestic production base, and thus promoted sustainable management with an eye toward environmental conservation and realization of a decarbonized society.
As a result, consolidated net sales for the six months ended September 30, 2024 totaled ¥26,705 million, down 6.2% year on year. On the earnings front, operating profit decreased by 41.1% year on year to ¥1,202 million due mainly to a decrease in net sales and a decrease in production volume. Ordinary profit decreased by 63.4% year on year to ¥1,100 million due mainly to the recording of foreign exchange losses. Due to the tax burden caused by a reversal of deferred tax assets, the Group posted loss attributable to owners of parent of ¥76 million (compared with profit attributable to owners of parent of ¥1,586 million in the corresponding period of the previous fiscal year).
Consolidated Balance Sheets
Total assets as of September 30, 2024, totaled \124,844 million, an increase of \5,657 million compared with the end of the previous fiscal year. This mainly comprised an increase in cash and deposits of \7,832 million as well as decreases in inventories of \1,203 million and other accounts receivable of ¥782 million.
Total liabilities amounted to \50,458 million, an increase of \7,436 million compared with the end of the previous fiscal year. This mainly comprised increases in corporate bonds of \5,000 million and long-term borrowings of \7,294 million as well as a decrease in short-term borrowings of ¥5,000 million.
Total net assets amounted to ¥74,385 million, a decrease of ¥1,778 million compared with the end of the previous fiscal year. This mainly comprised decreases in retained earnings of \746 million, valuation difference on available-for-sale securities of ¥214 million, and foreign currency translation adjustments of ¥810 million.
