Yamazen Corporation · TSE:8051
Yamazen — Q1 FY3/24 Earnings Presentation
29 slides from Yamazen's earnings presentation, Sep 12, 2023
Slide 1: FY3/24 (Q1) Supplementary Materials for Financial Results
YAMAZEN CORPORATION FY3/24 Supplementary (Q1) Materials for Financial Results Stock Code: 8051
Slide 2: Agenda
AGENDA I. FY3/24 (Q1) Financial Highlights II. Earnings Forecast for FY3/24 (Full Year), Medium-Term Management Plan III. Shareholder Returns 2
Slide 3: Agenda
AGENDA I. FY3/24 (Q1) Financial Highlights II. Earnings Forecast for FY3/24 (Full Year), Medium-Term Management Plan III. Shareholder Returns 3
Slide 4: FY3/24 (Q1) Consolidated Profit and Loss Results
FY3/24 (Q1) Consolidated Profit and Loss Results FY3/23 FY3/24 Percentage (Million yen) Full Year Plan Progress Rate (Q1) (Q1) change YoY Net sales 126,863 119,957 -5.4% 550,000 21.8% Gross profit 18,079 18,485 +2.2% - - (Gross profit margin) 14.3% 15.4% +1.2ppt - - SG&A expenses 14,678 16,032 +9.2%
Slide 5: Quarterly Trend in Consolidated Net Sales
Quarterly Trend in Consolidated Net Sales (Million yen) FY3/21 FY3/22 FY3/23 FY3/24 160,000 140,000 119,957 134,954 129,747 132,174 133,572 133,271 126,863 121,983 120,000 116,569 116,067 114,310 105,640 98,725 100,000 80,000 60,000 40,000 20,000 0 Q1 Q2 Q3 Q4 5
Slide 6: Outline of Business Segments
Outline of Business Segments Suppliers YAMAZEN Clients Users About 5,000 Production equipment About 3,000 FY3/24 1Q companies Domestic companies (domestic and overseas) Machine Tools 17.0 billion yen Machine Tools Machine Tool Overseas Sellers, Machinery 12.2 billion yen Division H.Q. Tool Trading M
Slide 7: FY3/24 (Q1) Net Sales by Business Segment
FY3/24 (Q1) Net Sales by Business Segment FY3/23 FY3/24 Percentage change (Million yen) (Q1) (Q1) YoY Machine Tools Division 33,486 29,378 -12.3% Industrial Solution Division 24,555 21,813 -11.2% Tool & Engineering Division 25,402 25,223 -0.7% (Total for Production Equipment 83,444 76,416 -8.4% Busi
Slide 8: Net Sales Composition by Business (YoY Comparison)
Net Sales Composition by Business (YoY Comparison) Domestic production equipment: 46.9% → 48.3% (+1.4pt) Building Materials Business: 12.3% → 13.2% (+0.9pt) Overseas production equipment: 18.8% → 15.4% (-3.4pt) Home Products Business: 21.1% → 22.0% (+0.9pt) ................................. ........
Slide 9: Production Equipment Segment Overview (Domestic/Overseas)
Production Equipment Segment Overview (Domestic/Overseas) Domestic Production Equipment Business: Sales of machine tools, etc. were weak, reflecting the lack of new investment activity in the semiconductor and automobile industries in the second half of the previous fiscal year, but sales of infrast
Slide 10: Production Equipment Segment Quarterly Sales Trend
Production Equipment Segment Quarterly Sales Trend (Domestic/Overseas) (Million yen) Domestic Machine Tools Domestic Industrial Solutions Domestice T&E 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY3/21 FY3/22 FY3/23 FY3/24 (Million yen) Overseas
Slide 11: Consumer Goods Segment Overview (Building Materials/Home Products)
Consumer Goods Segment Overview (Building Materials/Home Products) ・Building Materials Business: Amid stagnant demand, sales of bathroom appliances, solar power generation systems, storage batteries, etc. remained strong due to proposals of high-value-added products in response to consumers' desire
Slide 12: Consumer Goods Segment Quarterly Sales Trend
Consumer Goods Segment Quarterly Sales Trend (Building Materials/Home Products) (Million yen) Building materials 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY3/21 FY3/22 FY3/23 FY3/24 (Million yen) Home products 35,000 30,000 25,000 20,
Slide 13: Factors for Changes in Operating Profit
Factors for Changes in Operating Profit (Million yen) Increase in SG&A Increase in gross profit expenses 406 1,354 Operating profit Operating profit 3,400 Production equipment -290 Personnel expenses +346 2,452 Building Materials Business +21 Commission paid +454 Home Products +518 Depreciation and
Slide 14: Consolidated Total Assets
Consolidated Total Assets Assets Liabilities and Total Assets (End of Mar. 2023) (End of Jun. 2023) (End of Jun. 2023) (End of Mar. 2023) Current liabilities 1,367 -74 1,441 Current assets 2,385 -46 2,339 Long-term liabilities 225 +15 209 Noncurrent assets and Net assets 503 +26 deferred tax assets
Slide 15: Agenda
AGENDA I. FY3/24 (Q1) Financial Highlights II. Earnings Forecast for FY3/24 (Full Year), Medium-Term Management Plan III. Shareholder Returns 15
Slide 16: FY3/24 Disclosed Full-year Plan
FY3/24 Disclosed Full-year Plan Percentage FY3/23 FY3/24 (Million yen) change 77th term results 78th term initial plan YoY Net sales 527,263 550,000 +4.3% Operating profit 16,563 15,000 -9.4% Operating profit margin 3.1% 2.7% -0.4ppt Ordinary profit 17,280 15,000 -13.2% Profit attributable to owners
Slide 17: FY3/24 Forecasts for the Production Equipment Business
FY3/24 Forecasts for the Production Equipment Business Percentage Percentage Operating (Million yen) Net sales plan Operating profit plan change YoY change YoY profit margin Production Equipment Business Total Full-year 373,000 +5.6% 14,500 +3.8% 3.9% Production Equipment Business: 3-year sales tren
Slide 18: FY3/24 Forecasts for the Consumer Goods Business
FY3/24 Forecasts for the Consumer Goods Business Percentage change Percentage change Operating profit (Million yen) Net sales plan Operating profit plan YoY YoY margin Building Materials Division Headquarters Full-year 71,000 +4.4% 2,400 +2.5% 3.4% Home Products Division Headquarters Full-year 105,0
Slide 19: Toward the Realization of the Vision for 2030
Toward the Realization of the Vision for 2030 Vision for 2030: Leading worldwide manufacturing and enriched lives Vision for 2030 2025 - 2027 FY3/25 Net sales: 600 billion yen Operating profit: 21.0 billion yen (Margin: 3.5%) 2022 - 2024 Pioneering a new future, with you all Leading worldwide manufa
Slide 20: Medium-term Management Plan (CROSSING YAMAZEN 2024)
Medium-term Management Plan (CROSSING YAMAZEN 2024) -To establish the company-wide base for improving profitability - Seeking new value created by CROSSING values. 20
Slide 21: Medium-Term Management Plan: Disclosed Plan for Sales/Profit/Management Indicators
Medium-Term Management Plan: Disclosed Plan for Sales/Profit/Management Indicators FY3/22 FY3/23 FY3/24 FY3/25 (Million yen) th th th (76 term results) (77 term results) (78 term plan) (Final-year plan) Net sales 501,872 527,263 550,000 600,000 Operating profit 17,133 16,563 15,000 21,000 Operating
Slide 22: Agenda
AGENDA I. FY3/24 (Q1) Financial Highlights II. Earnings Forecast for FY3/24 (Full Year), Medium-Term Management Plan III. Shareholder Returns 22
Slide 23: Notice of Change in Shareholder Returns Policy
Notice of Change in Shareholder Returns Policy Reason for change: The shareholder returns policy is specified in terms of the consolidated payout ratio, however, because the current Medium-Term Management Plan incorporates an increase in depreciation and amortization due to business investments and
Slide 24: Shareholder Returns
Shareholder Returns ➢ FY3/23: Paid an interim and year-end dividend of 20 yen per share each, for an annual dividend of 40 yen per share. ➢ FY3/24: Plan to pay an interim dividend of 20 yen per share and a year-end dividend of 25 yen per share, for an annual dividend of 45 yen per share. 140.00 50 P
Slide 25: Appendix
YY / CR@SSING (~ YAMAZEN 2024 YAMAZEN Appendix 25
Slide 26: [FAQ] Competitive Advantage of YAMAZEN's Overseas Production Equipment Business
[FAQ] Competitive Advantage of YAMAZEN's Overseas Production Equipment Business YAMAZEN's Advantages (1) YAMAZEN's Advantages (2) Extensive global network Localized engineering capabilities that can support users' global strategies ✓ Wide geographic coverage with 63 offices in 14 countries and regio
Slide 27: [FAQ] Background to Restructuring of the Industrial Tools & Equipment Business
[FAQ] Background to Restructuring of the Industrial Tools & Equipment Business In addition to the trends of development of EVs in the automobile field and automation and labor saving to cope with the decrease of the workforce, the initiatives for carbon neutrality and digitalization of business chan
Slide 28: [FAQ] Net Sales of Domestic Production Equipment Business and Market Environment
[FAQ] Relationship Between Net Sales of Domestic Production Equipment Business and the Market Environment Regarding the discrepancies between the market environment and the production status of SME manufacturers (Machinery, Industrial Solutions and T&E Business) The supply-demand balance for semicon
Slide 29: Note on forward-looking information
[Note on forward-looking information] “This document contains plans and forecasts of the Company. Future plans, forecasts and other forward-looking statements are based on plans and forecasts based on currently available information. Actual results may differ from these plans and forecasts due to va