Röhm Q3 Report 2024

During the first nine months (April – December 2023) of the fiscal year ending March 31, 2024, the outlook for the global economy remained uncertain due to concerns over economic slowdown on the back of aggressive monetary tightening by central banks in the United States and Europe, the ongoing slump in China’s property market, and an increasingly tense and unstable situation in the Middle East.

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 by making the production adjustment of some of the general-purpose devices.

As a result, consolidated net sales for the first nine months of the fiscal year ending March 31, 2024 increased in the automotive electronic market, which we focus on, but declined in other markets, including the industrial equipment market, resulting in 355,126 million yen, down 9.0% from the same period last year. Accordingly, operating profit decreased 46.1% from the same period last year to 40,649 million yen, and operating margin decreased to 11.4% from 19.3% in the same period of last year.

Ordinary profit also decreased 33.6% from the same period last year to 60,118 million yen due to an increase in commission income, while operating profit and foreign exchange gains decreased.

Profit attributable to owners of parent decreased 33.6% from the same period last year to 45,102 million yen. Moreover, EBITDA, an accounting metric that we emphasize in the ROHM Group, was 91,511 million yen for the first nine months of the fiscal year ending March 31, 2024, down 20.6% from the same period last year.