Fact Book 2024 (169KB)

During fiscal 2023, the year ended March 31, 2024, the ESPEC Group’s business environment saw firm electronics- and automotive-related investments against a backdrop of digitalization and decarbonization in society. Demand continued to be strong mainly in the shift toward electric vehicles (EV). From the production aspect, although procuring certain parts continued to require lengthy delivery times, the Group increased its production output through measures such as strategically accumulating inventories.
Looking at the Company’s operating results for fiscal 2023, orders received increased 4.7% year on year to ¥62,290 million, reaching an all-time high for 3 consecutive years. This increase was supported by strong orders in the electric vehicle (EV) and battery fields, particularly in the domestic market. Net sales increased 17.5% year on year to ¥62,126 million, a record high for the second straight year. On the profit front, operating profit was ¥6,585 million, a year-on-year increase of 50.8%. This increase was mainly due to higher sales and the effect of raising product and service prices, which offset the impact of an increase in selling, general and administrative expenses. Profit attributable to owners of parent increased by 49.2% year on year to ¥4,969 million. Both operating profit and profit attributable to owners of parent reached record highs. In addition, return on equity (ROE) stood at 10.0%.