Japan Specialist

Mark Chadwick

Over 20 years experience in equities and asset management in Asia and Japan. Qualified CFA with experience analyzing companies as a buy-side analyst. In-depth knowledge of company fundamental analysis, corporate governance and valuations.

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Equity Bottom-Up

<ul>
<li>Aisin’s first-half FY3/25 results highlight short-term challenges, with operating profit falling 38% to JPY 56.1 billion due to weak sales and worsening product mix. </li>
<li>Management cut its full year operating profit guidance from JPY 220 billion to 200 billion. We believe that street expectations had already factored in weaker Toyota volumes.</li>
<li>Aisin’s long-term outlook remains strong, centred on the transition to EVs. We still see over 100% upside if the transition is successful. </li>
</ul>


Aisin’s first-half FY3/25 results highlight short-term challenges, with operating profit falling 38% to JPY 56.1 billion due to weak sales and worsening product mix. 
Management cut its full year operating profit guidance from JPY 220 billion to 200 billion. We believe that street expectations had already factored in weaker Toyota volumes.
Aisin’s long-term outlook remains strong, centred on the transition to EVs. We still see over 100% upside if the transition is successful. 


Aisin (7259) | Short-Term Challenges Amid Strategic Shift to EVs