Alps Alpine Co ( (APELF) ) has released its Q3 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 global company based in Japan, primarily engaging in the automotive, mobile, and consumer electronics sectors by offering a wide range of products and services, including direct sales to major automotive manufacturers and components for various electronic devices.
In its latest earnings report for the nine months ending December 31, 2024, Alps Alpine Co. reported a slight increase in net sales and a significant rise in operating profit, attributed to favorable currency exchange rates and robust demand in specific market segments, despite challenges in certain areas.
The company experienced a 0.7% increase in net sales to ¥740.6 billion, and a notable 22.9% rise in operating profit to ¥25.2 billion compared to the previous year. These results were bolstered by strong performance in the Component Segment, although the Sensor and Communication Segment faced a decline in operating profit due to increased development expenses. Meanwhile, the Module and System Segment saw a decrease in net sales due to external market factors.
Looking ahead, Alps Alpine Co. has adjusted its earnings forecast for the fiscal year ending March 31, 2025, anticipating continued growth driven by currency depreciation and strategic market positioning. The company aims to capitalize on its strengths in the mobile market while addressing challenges in the automotive sector.
