Daiki Aluminium, a Japanese aluminium manufacturer specialising in producing secondary alloys used in high-pressure die casting, casting, and rolling, has reportedly seen a 5.6 per cent year-on-year rise in net sales during the first nine months of 2024, which ended December 31. But despite the increase in sales, the company's profit attributable to owners of parent stooped down by 39.5 per cent, indicating challenges faced by the company in maintaining positive profit margins.
In the first six months of the year, Daiki's net sales were 3.8 per cent higher than the previous year, amounting to ¥ 137,147 million (US$903,793) versus ¥ 132,120 million (US$870,375). Profit attributable to owners of parent was ¥ 1,596 million (US$10,514) until September 30, 2024, compared to ¥2,585 million (US$17,029) during the corresponding period of the previous year, down by 38.2 per cent Y-o-Y.
Amid sluggish earnings, the company's positive development is surpassing the original forecast for the period under review. Daiki's both H1 sales and profit exceeded the projected figures of ¥ 136,800 million (US$901,233) and ¥ 1,430 million (US$9,420), respectively.
For the full financial year to be concluded on March 31, 2025, the company's expected sales and profit are ¥ 291,200 million (US$1.92 million) and ¥ 2,110 million (US$13,902).
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