Thk Co., Ltd. · TSE:6481

Thk — H1 2022 Earnings Presentation

28 slides from Thk's earnings presentation, Aug 10, 2022

Slide 1: Interim Financial Results Briefing
INTERIM FINANCIAL RESULTS BRIEFING August 10th 2022 THK CO., LTD. President & CEO AKIHIRO TERAMACHI This presentation material contains forward looking statements that reflect the Company’s business plans, performance projections, and management strategy. Such statements are based on information cur
Slide 4: Financial Highlights
Financial Highlights Consolidated sales revenue: up 23.6％ y/y, ¥ 186.6 billion ※地域別売上高は海外売上高ベース Even as the impact of the Covid-19 pandemic continued to be felt, demand in all regions trended favorably, against the backdrop of growing semiconductor-related demand, progress on automation and robotic
Slide 5: Trend in Revenue
Trend in Revenue 186,670 *The growth rates are just for reference 16,615 Asia and other 167,148 Asia and other ●Taiwan Up 20.6 ％ 151,040 15,517 ●Singapore Up 7.6 ％ ●India Up 47.2 ％ 39,168 13,106 China China 36,875 ●Machine tools Up 20.3 ％ ●General machinery 115,947 31,787 ●Electronics Up 2.8 ％ 29,09
Slide 6: Operating Income Change Factors (Industrial Machinery)
(Ref.) Operating Income – Change Factors – (Industrial Machinery: January-June) 2.6 0.3 11.4 0.4 (3.8) 24.1 Billions of yen 13.2 Billions of yen Operating Income Increase in Effect Change in Foreign Reclassification of Operating Income 1H 2021 Fixed Cost due to Variable Exchange other income and 1H
Slide 7: Operating Income Change Factors (Automotive & Transportation)
(Ref.) Operating Income – Change Factors – (Automotive & Transportation: January-June) (2.2) Billions of yen (3.2) Billions of (1.9) yen 0.3 0.1 0.3 0.2 Operating Income Change in Effect Decrease in Foreign Reclassification of Operating Income 1H 2021 Variable due to Fixed Cost other income and 1H 2
Slide 8: Assets, Liabilities and Equity
Assets, Liabilities and Equity Total Assets 550,599 millions of yen Up ¥34,513 million from previous period Cash and Cash in Account |Y/Y : Current liabilities| Y/Y : Down ¥8,626 million Up ¥11,027 million Cash Flows from Operating Activities : ¥8,826 million ■Trade and other payables | Y/Y : Cash F
Slide 10: THK Management
THK Management Corporate Philosophy Providing innovative products to the world and generating new trends to contribute to the creation of an affluent society Vision Manufacturing and innovative services company Sustainability / ESG Copyright THK CO., LTD. 2022. All rights reserved. 9
Slide 11: Key Initiatives in Business Lines
Key Initiatives in Business Lines Industrial Machinery business and other Greater market share and a robust global production system Development and acceleration of new products Progress on DX (Omni THK, OMNIedge) FY2022_1H FY2022_1H FY2022_1H Industrial Machinery Consolidated Revenue Automotive & T
Slide 12: Advances in the THK DX Project and Omni THK
Advances in the THK DX Project and Omni THK Improved per capita sales and productivity（＝profitability） Maximize profits Sales Costs Customers (area, industry) Fixed Costs equipment Products, services Variable Costs personnel Unit price, quantity time other Measures for increasing sales Shift personn
Slide 13: OMNI edge Start of Support for Private Cloud
“OMNI edge” IoT Service for the Manufacturing Industry Start of Support for Private Cloud Up-front advantages Private ・No burden from installing on cloud customer’s existing network High security, availability, and extensibility to ・Excellent scalability, not only for multiple units provided at reas
Slide 14: Development of New Business Areas
Development of New Business Areas Helping the service industry promote labor-saving whose demands New business have been increasing due to a labor shortage, soaring labor costs, areas and the advance of the IoT Restaurant Distribution Shop Medical Equipment Semiconductor Renewable Manufacturing Equi
Slide 15: Service Robot Business
Service Robot Business/Service Robot Research Center Established Making the service robot field into a sustainable growth business Service Robot Service Robot Business Research Center PRS Company MR Company *PRS: Picking Robot Hand System *MR: Mobile Robot Lab Lab Lab No. 1 No. 2 No. 3 PRS SIGNAS SE
Slide 16: Launch of Fukuoka Solution Center
Launch of Fukuoka Solution Center (August 2) A problem-solving support center where the latest in automation technology can be experienced up close On permanent display are demonstration models of our mainstream linear motion products, OMNI edge, service robots, collaborative robots, transport robot
Slide 17: Enhancement of the Global Manufacturing Structure
Enhancement of the Global Manufacturing Structure (Industrial Machinery Business） THK CHANGZHOU（CHINA） THK LIAONING（CHINA） New plant extension New plant extension Completed in Jun. 2022 To be completed in Dec. 2022 ■Target products： ■Target products： Electric Actuator LM Guide Unit, etc Electric Act
Slide 18: Progress in Implementing Automotive and Transportation Business Recovery Plan
Progress in Implementing Automotive and Transportation Business Recovery Plan Benefits of recovery plan (based on revenue/income change factors in FY2019 vs. FY2021) FY2019 Revenue: 96.8 billions of yen Operating Income: (4.5) billions of yen FY2021 Revenue: 86.3 billions of yen Operating Income: (4
Slide 19: Restructuring of the Automotive and Transportation Business
Restructuring of the Automotive and Transportation Business Changes in environment of the automotive industry New manufacturers Horizontal Development Decline in units Changes in in the automotive industry specialization of CASE produced the supply chain The Automotive and Transportation Business wi
Slide 20: About Sustainability Management
About Sustainability Management Basic Thinking Minimizing the effect of minuses on corporate activity and enhancing the effect of pluses to create social and corporate shared value, as typified by sustainability, behaving in a way that not only optimizes the one, but optimizes the whole Most recent
Slide 21: Latest activities of Sustainability Preparation Meeting
Latest activities of Sustainability Preparation Meeting Through the following process, re-identifying materiality Create list of materiality candidates Process Obtain outside assessment of “demands Perform internal assessment of “impact and expectations of society” on business” Draw up proposal for
Slide 23: Orders Received by Region (Industrial Machinery Business)
Orders Received by Region ＜Industrial Machinery Business＞ THK CO., LTD. (Japan) * exclude export % Change, Billions of YEN 40 111.8 133.5 77.1 8.5 32.7 50.4 28.9 (4.5) 30 6.5 2.8 20 32.2 34.1 34.4 32.6 30.8 10 25.3 16.8 15.2 14.6 19.4 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 2020 2021 2022 THK
Slide 24: Financial Forecast (Consolidated)
Financial Forecast (Consolidated) （Millions of Yen） 2022/12 2021/12 FY Forecast 1H Results Results Revenue 365,000 186,670 318,188 Y/Y +14.7％ +23.6％ +45.3％ Operating Income 43,000 20,905 30,268 Y/Y +42.1％ +88.9％ - Income before income taxes 43,200 22,291 29,984 Y/Y +44.1％ +106.2％ - Profit Attributab
Slide 25: Financial Forecast (Unconsolidated)
Financial Forecast (Unconsolidated) Japanese GAAP（Millions of Yen） 2022/12 2021/12 FY Revised Aug. Forecast 1H Results Results Net Sales 188,000 95,961 167,583 Y/Y ＋12.2％＋25.1％＋62.9％ Domestic 116,000 59,054 99,637 Y/Y ＋16.4％＋29.5％＋42.7％ Operating Income 20,000 11,443 16,718 Y/Y ＋19.6％＋126.6％ -
Slide 26: Trends in COGS and SG&A
Trends in COGS and SG&A COGS COGS ratio 77.8% 79.7% 76.2% 73.8% 74.0% Sales-cost ratio decreased by 2.2 points Y/Y ・Due to increase revenue 123,313 138,092 115,121 80,137 92,430 Millions of Yen 1H 2H 1H 2H 1H 2020/12 2021/12 2022/12 SG&A 22.5% SG&A ratio decreased by 1.5 points Y/Y SG&A ratio 18.7%
Slide 27: Trends in Orders, Sales and Backlog (Domestic – Unconsolidated)
【Support Statement】－ Trends in Orders, Sales and Backlog(Domestic – Unconsolidated) – （millions of yen） 80,000 Orders Sales 70,000 Backlog 60,000 50,000 40,000 30,000 20,000 10,000 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6
Slide 28: Trends in Orders Classified by Industry (Unconsolidated)
【Support Statement】（millions of yen） –Trends in Orders Classified by Industry (Unconsolidated)– 12,000 Machine Tool General Machinery 10,000 Electronics 8,000 6,000 4,000 2,000 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9

THK — H1 2022 Earnings Presentation on 6ix

Thk — H1 2022 Earnings Presentation

Slide 1: Interim Financial Results Briefing

Slide 2: Contents

Slide 3: I. Financial Results for 1st Half of Fiscal 2022

Slide 4: Financial Highlights

Slide 5: Trend in Revenue

Slide 6: Operating Income Change Factors (Industrial Machinery)

Slide 7: Operating Income Change Factors (Automotive & Transportation)

Slide 8: Assets, Liabilities and Equity

Slide 9: II. Major Measures

Slide 10: THK Management

Slide 11: Key Initiatives in Business Lines

Slide 12: Advances in the THK DX Project and Omni THK

Slide 13: OMNI edge Start of Support for Private Cloud

Slide 14: Development of New Business Areas

Slide 15: Service Robot Business

Slide 16: Launch of Fukuoka Solution Center

Slide 17: Enhancement of the Global Manufacturing Structure

Slide 18: Progress in Implementing Automotive and Transportation Business Recovery Plan

Slide 19: Restructuring of the Automotive and Transportation Business

Slide 20: About Sustainability Management

Slide 21: Latest activities of Sustainability Preparation Meeting

Slide 22: III. Financial Forecast for Fiscal 2022

Slide 23: Orders Received by Region (Industrial Machinery Business)

Slide 24: Financial Forecast (Consolidated)

Slide 25: Financial Forecast (Unconsolidated)

Slide 26: Trends in COGS and SG&A

Slide 27: Trends in Orders, Sales and Backlog (Domestic – Unconsolidated)

Slide 28: Trends in Orders Classified by Industry (Unconsolidated)