Röhm Q1 Report 2024

During the first quarter (April-June) of the consolidated fiscal year ending March 31, 2024, there were ongoing fears that the global economy might slip into recession, due to persistently high inflation especially in the United States and Europe and a weaker-than-expected recovery in China’s economic activity.

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, albeit the production adjustment of some of the standard devices.

As a result, consolidated net sales for the first quarter of the fiscal year ending March 31, 2024 decreased 4.0% from the same period last year to 120,163 million yen, mainly due to declines in sales to the consumer product market, communication market, and computers & storage market, despite an increase in sales to the automobile market. Also, operating profit decreased 21.5% from the same period last year to 17,692 million yen, and the operating profit margin declined to 14.7% from 18.0%.

Ordinary profit also decreased 20.5% from the prior year to 28,033 million yen due to a decrease in foreign exchange gains in addition to a decrease in operating income.

Profit attributable to owners of parent decreased 22.9% from the prior year to 20,130 million yen.
Moreover, EBITDA, an accounting metric that we emphasize in the ROHM Group, was 32,659 million yen for the first quarter of the fiscal year ending March 31, 2024, down 4.4% from the same period last year.