Sumitomo Heavy Industries, Ltd. · TSE:6302
Sumitomo Heavy Industries — Q3 2023 Earnings Presentation
15 slides from Sumitomo Heavy Industries's earnings presentation, Nov 9, 2023
Slide 1: Financial Summary for Q3 FY2023
Financial Summary for Q3 FY2023 2023/11/9 Copyright © Sumitomo Heavy Industries, Ltd. All Rights Reserved. 1
Slide 2: Change in Fiscal Year End of FY 2022
2023/11/9 Change in Fiscal Year End of FY 2022 (Financial Year End) 2023 January to March April to June July to September October to December 1Q 2Q 3Q 4Q Domestic 1H of FY2023 2H of FY2023 FY2023 Domestic 12 months 1Q 2Q 3Q 4Q Overseas 1H of FY2023 2H of FY2023 FY2023 Overseas 12 months 2022 (Before
Slide 3: Financial Summary for FY2023-3Q
2023/11/9 Financial Summary for FY2023-3Q Actual Orders：JPY 752.5 billion / 885.5 billion (132.9) billion FY2023-3Q /Same period of Net sales：JPY 772.5 billion / 740.8 billion 31.7 billion previous fiscal year (after adjustment), (change) Operating profit：JPY 49.7 billion / 41.9 billion 7.9 billion
Slide 4: Financial Summary for FY2023-3Q
2023/11/9 Financial Summary for FY2023-3Q FY2022 FY2023 Year-on- Actual Forecast year FY2022 FY2023 Actual 1Q Actual 2Q Actual 3Q Actual 3Q Actual 1Q Actual 2Q Actual 3Q Actual 3Q (Jan-Mar) (Apr-Jun) (Jul-Sep) (22.1-22.9) (Jan-Mar) (Apr-Jun) (Jul-Sep) (23.1-23.9) change (22.1-22.12) (23.1-23.12) Uni
Slide 5: Performance by Segment for FY2023-3Q
2023/11/9 Performance by Segment for FY2023-3Q Orders Net sales Operating profit Actual Actual Actual Actual Actual Actual 3Q FY2022 3Q FY2023 Change Change Change 3Q FY2022 3Q FY2023 3Q FY2022 3Q FY2023 /Operating profit ratio /Operating profit ratio Unit: JPY billion (%) (%) Mechatronics 167.9 150
Slide 6: Analysis of Changes in Operating Profit for 2023-3Q
2023/11/9 Analysis of Changes in Operating Profit for 2023-3Q Unit: JPY billion 8.7 (7.4) 3.6 3.0 41.9 49.7 FY2022 Effect of sales Effect of Selling & Others FY2023 increases/decreases administrative 3Q exchange rates 3Q expenses <Effect of changes in sales by segment> <Selling & administrative expe
Slide 7: Consolidated Balance Sheet
2023/11/9 Consolidated Balance Sheet Change December 2022 September 2023 Change Unit: JPY billion December 2022 September 2023 Unit: JPY billion Current Assets 711.4 767.1 55.8 Liabilities 571.9 602.0 30.1 Notes and accounts payable Cash and deposits 97.5 109.8 12.3 - trade 186.3 186.1 (0.2) Notes a
Slide 8: Mechatronics
2023/11/9 Mechatronics 3Q FY2023 : Orders decreased because demand for small-to-medium sized gear reducers and motors was sluggish due to inventory adjustment by customers in the US and Europe and a slowdown in the Chinese market. Sales and operating profit increased because of a backlog of orders.
Slide 9: Industrial Machinery
2023/11/9 Industrial Machinery <Plastics machinery> 3Q FY2023: Orders, sales and operating profit all decreased due to a slowdown in demand for electric and electronics-related products in China and sluggish investment in Japan and Europe. <Others> 3Q FY2023: Orders decreased due in part to inventor
Slide 10: Logistics & Construction
2023/11/9 Logistics & Construction <Hydraulic excavators> 3Q FY2023: Orders decreased due to a reactionary drop from advance orders in US in the previous fiscal year, but sales and operating profit increased because there was a backlog of orders. <Others> 3Q FY2023: The mobile crane business saw inc
Slide 11: Energy & Lifeline
2023/11/9 Energy & Lifeline 3Q FY2023: For the energy plant business, orders and sales decreased due to a reduction in large- scale projects for biomass-fueled power generation plants in Japan. Operating profit increased as the profitability deterioration of large-scale projects in Europe has been c
Slide 12: Reference information on each segment [1]
2023/11/9 Ref. Reference information on each segment [1] ＜Mechatronics＞ -Gear reducer business : Sales contribution ratio by model (approximate numbers) For use in Gear motor Gear box precision Electric Service Total (middle size) (large size) equipment control (MCD) FY2023 3Q 40% 20% 10% 10% 20% 10
Slide 13: Reference information on each segment [2]
2023/11/9 Ref. Reference information on each segment [2] <Logistics & Construction> - Hydraulic excavators: demand by region/changes in sales (approximate numbers) *Only foreign capital Unit: 10,000 units (upper row) North Asia Europe China* Japan Others Total JPY billion (lower row) America (Exclud
Slide 14: Sales by Regional Segment
2023/11/9 Ref. Sales by Regional Segment Actual 3Q FY2023 (2023.1-2023.9) <Exchange rate: JPY138 per US dollar> North America Europe Asia China Others Overseas total Japan Total sales Unit: JPY billion (Excluding China) Mechatronics 33.2 40.0 14.8 11.7 12.8 112.5 49.5 162.0 (Plastics machinery) 8.2
Slide 15: Forward-looking statements
2023/11/9 All forward-looking statements regarding the company’s future performance are based on information currently available to Sumitomo Heavy Industries and determined subjectively. Future performance is not guaranteed and all information related to future performance contained herein is subjec
Sumitomo Heavy Industries — Q3 2023 Earnings Presentation on 6ix