Röhm Full-Year Report 2024

During the first six months (April through September) of the consolidated fiscal year ending March 31, 2024, the outlook for the global economy remained uncertain due to concerns over an economic slowdown on the back of aggressive monetary tightening by central banks in the United States and Europe, as well as the ongoing slump in China’s property market.

In terms of production, we have continued to take action to achieve total optimization, and we have also promoted the installation of labor-saving and automated production lines through “monozukuri (manufacturing) innovation.”

In addition, we have made every effort to ensure the stable supply of our products to customers by improving productivity and increasing our production capacity to cope with fast-growing demand for SiC and other power devices, albeit with the production adjustment of some of the general-purpose devices.

As a result, consolidated net sales for the first six months of the fiscal year ending March 31, 2024 declined, primarily in the computer and storage market and consumer equipment market, despite an increase in sales in the automotive market to 239,319 million yen, down 7.9% from the same period last year. Operating profit decreased 40.8% from the same period last year to 29,833 million yen, and the operating profit margin declined to 12.5% from 19.4%.

Ordinary profit also decreased 29.4% from the same period last year to 50,098 million yen due to an increase in commission income, while operating profit and foreign exchange gains decreased.
Profit attributable to owners of parent decreased 28.4% from the same period last year to 37,305 million yen.

Moreover, EBITDA, an accounting metric that we emphasize in the ROHM Group, was 61,299 million yen for the first six months of the fiscal year ending March 31, 2024, down 18.5% from the same period last year.