Elematec ＜2715＞ announced consolidated financial results for the fiscal year ending 2024/3 on the 25th. Net sales decreased 18.9% from the previous fiscal year to 194.457 billion yen, operating profit fell 30.1% to 8.429 billion yen, ordinary profit fell 31.8% to 7.595 billion yen, and net income attributable to parent company shareholders fell 30.3% to 5.367 billion yen.

In the electronics industry, demand for electrification of automobiles showed an expanding trend, but production of electronic components remained sluggish due to delays in economic recovery in China and the effects of shrinking demand for smartphones, etc.

Under such circumstances, the company group made efforts to focus on sales activities focusing on various related components for automobiles, but profit declined due to the effects of sluggish sales of various related components, etc. for displays and the recording of inventory asset evaluation losses (sales costs) due to civil rehabilitation procedures for specific customers and loan loss (sales expenses and general administrative expenses) against claims.

As for dividends, the annual rate of 85 yen/share announced on 2023/10/27 remained unchanged, and dividends were increased for the fourth consecutive term.

As for the consolidated earnings forecast for the full year ending 2025/3, sales revenue is expected to be 216.50 billion yen, profit related to operating activities of 9.350 billion yen, profit before income tax of 8.650 billion yen, and net income attributable to owners of the parent company of 6.00 billion yen. The consolidated earnings forecast for the fiscal year ending 2025/3 is prepared based on IFRS, and the rate of increase or decrease compared to actual values for the fiscal year ending 2024/3, when Japanese standards were applied, is not described.

The dividend for the fiscal year ending 2025/3 is 90 yen per share per year, and dividends are expected to increase for 5 consecutive terms.