Yamazen Corporation · TSE:8051
Yamazen — Q1 FY3/25 Earnings Presentation
28 slides from Yamazen's earnings presentation, Aug 9, 2024
Slide 1: FY3/25 (Q1) Supplementary Materials for Financial Results
YAMAZEN CORPORATION FY3/25 Supplementary (Q1) Materials for Financial Results Stock Code: 8051
Slide 2: Agenda
AGENDA I. FY3/25 (Q1) Financial Highlights II. Earnings Forecast for FY3/25, Medium-Term Management Plan III. Shareholder Returns and Capital Policy Appendix 2
Slide 3: Agenda: FY3/25 (Q1) Financial Highlights
AGENDA I. FY3/25 (Q1) Financial Highlights II. Earnings Forecast for FY3/25, Medium-Term Management Plan III. Shareholder Returns and Capital Policy Appendix 3
Slide 4: FY3/25 (Q1) Consolidated Profit and Loss Results
FY3/25 (Q1) Consolidated Profit and Loss Results Percentage FY3/24 FY3/25 Achievement (Million yen) change Full Year Plan (Q1) (Q1) Rate YoY Net sales 119,957 118,577 -1.2% 530,000 22.4% Gross profit 18,485 17,756 -3.9% - - (Gross profit 15.4% 15.0% -0.4ppt - - margin) SG&A expenses 16,032 16,885 +5
Slide 5: FY3/25 (Q1) Net Sales by Business Segment
FY3/25 (Q1) Net Sales by Business Segment FY3/24 FY3/25 Percentage change (Million yen) (Q1) (Q1) YoY Machine Tools Division 29,378 25,912 -11.8% Industrial Solution Division 21,813 22,598 +3.6% Tool & Engineering Division 25,223 25,910 +2.7% (Total for Production Equipment Business) 76,416 74,421 -
Slide 6: Production Equipment Segment Overview (Domestic/Overseas)
Production Equipment Segment Overview (Domestic/Overseas) ・Domestic Production Equipment Business: In the automobile and semiconductor industries, there was no active movement toward new investments, and the performance of consumables such as machine tools and cutting tools was below the same period
Slide 7: Consumer Goods Segment Overview (Building Materials/Home Products)
Consumer Goods Segment Overview (Building Materials/Home Products) ・ Building Materials Business: While demand was sluggish, sales of air conditioning equipment were strong due to energy-saving renovation demand and the effects of extreme heat, and as a result of focusing on proposing high-value-add
Slide 8: Factors for Changes in Operating Profit
Factors for Changes in Operating Profit (Million yen) Operating profit Decrease in gross profit Increase in SG&A expenses 729 852 Operating profit 2,452 Production equipment -444 Commission expenses +334 870 Building Personnel expenses +300 Materials +205 Freight +98 Home Products -469 Storage charg
Slide 9: Consolidated Total Assets
Consolidated Total Assets Assets Liabilities and Total Assets (End of Mar. 2024) (End of Jun. 2024) (End of Jun. 2024) (End of Mar. 2024) Current liabilities -59 1,401 Current assets 1,341 2,414 -75 2,338 +4 Long-term liabilities: 226 222 Noncurrent assets and Net assets 535 -7 1,326 +13 deferred ta
Slide 10: Agenda: Earnings Forecast, Medium-Term Management Plan
AGENDA I. FY3/25 (Q1) Financial Highlights II. Earnings Forecast for FY3/25, Medium-Term Management Plan III. Shareholder Returns and Capital Policy Appendix 10
Slide 11: FY3/25 Full-year Business Plan
FY3/25 Full-year Business Plan Percentage FY3/24 FY3/25 (Million yen) change Results Plan YoY Net sales 506,866 530,000 +4.6% Operating profit 9,887 12,000 +21.4% Operating profit margin 2.0% 2.3% +0.3ppt Ordinary profit 10,435 12,000 +15.0% Profit attributable to owners of 6,488 7,600 +17.1% parent
Slide 12: FY3/25 Full-year Business Plan - Net Sales by Business
FY3/25 Full-year Business Plan - Net Sales by Business Percentage FY3/24 FY3/25 change (Million yen) Results Plan YoY Machine Tools Division 132,284 138,000 +4.3% Industrial Solution Division 93,189 98,600 +5.8% Tool & Engineering Division 103,188 110,400 +7.0% (Total for Production Equipment Busine
Slide 13: FY3/25 Full-year Business Plan for the Production Equipment Business
FY3/25 Full-year Business Plan for the Production Equipment Business Percentage Segment profit Percentage Segment profit (Million yen) Net sales plan change YoY plan change YoY margin Production Equipment Business Total Full-year 347,000 +5.6% 9,200 +11.9% 2.7% Production Equipment Business: 3-year
Slide 14: FY3/25 Full-year Business Plan for the Consumer Goods Business
FY3/25 Full-year Business Plan for the Consumer Goods Business Percentage change Segment profit Percentage Segment profit (Million yen) Net sales plan YoY plan change YoY margin Building Materials Division Full-year 75,000 +4.4% 2,700 +1.8% 3.6% Home Products Division Full-year 104,000 +2.8% 6,300 +
Slide 15: FY3/25 Q1 YoY Comparison / Achievement Rate Against Plan
FY3/25 Q1 YoY Comparison / Achievement Rate Against Plan (Million yen) Achievement Rate Percentage change FY3/25 Segment Business FY3/24 Q1 results FY3/25 Q1 results Against Full Year YoY Full Year Plan Plan Domestic Machine Tools Net sales 17,099 13,671 -20.0% 79,000 17.3% Domestic Industrial Solut
Slide 16: Medium-Term Management Plan: Disclosed Plan for Sales/Profit/Management Indicators
Medium-Term Management Plan: Disclosed Plan for Sales/Profit/Management Indicators FY3/23 results FY3/25 plan (Million yen) FY3/22 results (First year of Medium-Term FY3/24 results (Revised May 2024) Management Plan) Net sales 501,872 527,263 506,866 530,000 Operating profit 17,133 16,563 9,887 12,0
Slide 17: Agenda: Shareholder Returns and Capital Policy
AGENDA I. FY3/25 (Q1) Financial Highlights II. Earnings Forecast for FY3/25, Medium-Term Management Plan III. Shareholder Returns and Capital Policy Appendix 17
Slide 18: Policy for Improving Corporate Value in the Medium/Long Term (1)
Policy for Improving Corporate Value in the Medium/Long Term (1) We aim to improve our corporate value by pursuing all of “earning capacity,” “yield of capital,” and “financial soundness.” Key issues Customers Net sales ROE maintained above the cost of ⚫ Expansion of green business Suppliers ⚫ Digit
Slide 19: Policy for Improving Corporate Value in the Medium/Long Term (2)
Policy for Improving Corporate Value in the Medium/Long Term (2) ⚫ Cost of shareholders’ equity assumed to be around 7% (range of 3.39%-8.78% estimated via CAPM as of March 31, 2024) ⚫ We will strive to reduce the cost of shareholders’ equity by continuously enhancing dialogue with the market, and p
Slide 20: Establishment of Treasury Share Acquisition Limit
Establishment of Treasury Share Acquisition Limit (Announced on May 14, 2024) ・Improve capital efficiency by implementing a flexible capital policy that is responsive to changes in the Objective business environment ・Promote the reduction of policy shareholdings ・Realize shareholder returns Type of
Slide 21: Change in Shareholder Returns Policy
Change in Shareholder Returns Policy (Disclosed on August 10, 2023) The current Medium-Term Management Plan incorporates an increase in depreciation and amortization due to business investments and capital expenditures, and there is a possibility that shareholder returns will be at an inadequate lev
Slide 22: Shareholder Returns
Shareholder Returns ➢ FY3/24: Paid an interim dividend of 20 yen per share and a year-end dividend of 30 yen per share, for an annual dividend of 50 yen per share. ➢ FY3/25: Plan to pay an interim dividend of 20 yen per share and a year-end dividend of 31 yen per share, for an annual dividend of 51
Slide 23: Note on forward-looking information
[Note on forward-looking information] “The forward-looking statements in this document, including the Medium-Term Management Plan and forecasts, are based on information currently available to the Company and certain assumpptions that the Company considers reasonable, and are not intended to be a pr
Slide 24: Appendix
YY / CR@SSING (~ YAMAZEN 2024 YAMAZEN Appendix
Slide 25: Quarterly Trend in Consolidated Net Sales
Quarterly Trend in Consolidated Net Sales (Million yen) FY3/21 FY3/22 FY3/23 FY3/24 FY3/25 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Q1 Q2 Q3 Q4 25
Slide 26: Production Equipment Segment Quarterly Sales Trend (Domestic/Overseas)
Production Equipment Segment Quarterly Sales Trend (Domestic/Overseas) (Million yen) Domestic Machine Tools Domestic Industrial Solution Domestic T&E 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY3/21 FY3/22 FY3/23 FY3/24 FY3/25 (Milli
Slide 27: Consumer Goods Segment Quarterly Sales Trend
Consumer Goods Segment Quarterly Sales Trend (Building Materials/Home Products) (Million yen) Building materials 20,000 15,000 10,000 5,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 FY3/21 FY3/22 FY3/23 FY3/24 FY3/25 (Million yen) Home products 30,000 25,000 20,000 15,000 10,000 5,000 0 Q
Slide 28: Net Sales Composition by Business (YoY Comparison)
Net Sales Composition by Business (YoY Comparison) Domestic production equipment: 48.3% → 46.6% (-1.7ppt) Building Materials Business: 13.2% → 15.1% (+1.9ppt) Overseas production equipment: 15.4% → 16.2% (+0.8ppt) Home Products Business: 22.0% → 21.1% (-0.9ppt) ーーーーーーーーーーーーーーーーーーーーーーーー ーーーーーーーーーーーーー