Alps Alpine Co ( (APELF) ) has realeased its Q2 earnings. Here is a breakdown of the information Alps Alpine Co presented to its investors.
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Alps Alpine Co., Ltd. is a Japanese multinational corporation that operates in the automotive, mobile, and consumer electronics sectors, providing a wide range of products and services including direct sales to major automotive manufacturers.
In its latest earnings report for the first six months of the fiscal year ending September 30, 2024, Alps Alpine Co. reported a modest increase in net sales and operating income, attributed largely to the depreciation of the yen. However, the company also saw a significant decline in ordinary income and net income attributable to owners of parent compared to the same period last year.
Key financial highlights include a 3.2% year-on-year increase in net sales to ¥490.3 billion and a 5.4% rise in operating income to ¥11.2 billion. Yet, ordinary income fell by 51.6% to ¥8.1 billion, and net income attributable to owners of parent plummeted by 84.9% to ¥1.0 billion. The Component Segment showed strong performance, but the Module and System Segment faced challenges particularly in the Chinese and European markets.
Looking ahead, Alps Alpine Co. has revised its earnings forecast for the fiscal year ending March 31, 2025, reflecting improved sales outlooks in certain product segments despite ongoing market challenges. The company remains cautious, considering potential fluctuations in exchange rates and market conditions that could impact future performance.
