Koito’s results for S1 2025 (April to September) are in. Net sales amounted to ¥446,851m (~USD$2.9bn), an increase of 0.6 per cent compared to 2024, with operating profit up by 0.9 per cent at ¥19,852m.
In a statement, the company said: “The domestic economic environment saw a slowdown in growth of personal consumption due to rising prices. In overseas, concerns over the future of the global economy intensified, driven by factors such as U.S. tariff policies, sluggish domestic demand in China, prolonged high interest rates in Asian countries, and geopolitical risks centered around the Middle East and Europe. In terms of automobile production volume, domestic production showed signs of recovery from the previous period’s decline due to certification issues. However, its declines were observed due to poor sales by certain automobile manufacturers and production stoppages caused by natural disasters, resulting in a year-on-year decrease. In overseas markets, although the parts supply issues from the previous fiscal year in the Americas were resolved, production decreased due to production adjustments for current models due to new model launches. In China, sales of Japanese vehicles continued to struggle, but the automobile production increased due to strong sales of vehicles manufactured by local OEMs, supported by government subsidies. Additionally, economic stimulus measures in Thailand and market expansion in India led to increased production in emerging countries such as those in ASEAN. As a result, global automobile production volume saw a slight year-on-year increase. Under these circumstances, consolidated net sales for the first half increased by 0.6 per cent year-on-year to ¥446.8bn, driven by recovery from the previous fiscal year’s quality issues in some Japanese and American OEMs, as well as new orders in various regions. Regarding profits, despite the impact of U.S. tariff policies, increased volume particularly of hybrid vehicles in the U.S. and efforts to improve efficiency in each region led to a 9.9-per-cent year-on-year increase in operating profit to ¥19.8bn, a 14.7% increase in ordinary profit to ¥22.7bn, and a 5.0-per-cent increase in net profit attributable to owners of the parent to ¥11.8bn”.
