Aisin Corporation Posts Strong Second-Quarter Profits in Line with Full-Year Plan
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Aisin Corporation reported strong second-quarter profits, with an operating profit of approximately 96 billion yen, exceeding targets by 11 billion yen. The company attributes this success to a weakening yen and structural improvements. Despite positive results, Aisin has not revised its full-year forecast due to semiconductor supply risks. The medium-term plan aims for an operating profit of 300 billion yen. In China, sales remain steady with Toyota, but some electrified product sales fell short. R&D expenses have increased as the company invests in new products and integrated control efforts.
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