Torishima Pump Mfg.co., Ltd. · TSE:6363
Torishima Pump Mfg.co — FY2019 Earnings Presentation
27 slides from Torishima Pump Mfg.co's earnings presentation, May 26, 2020
Slide 1: Consolidated Financial Results for the FY2019
Consolidated Financial Results for the FY2019 (April 1st 2019 ~ March 31st 2020) < May 26th 2020 > TORISHIMA PUMP MFG.CO.,LTD. Securities Code : 6363 www.torishima.co.jp/en 1
Slide 2: Agenda
【1】Financial Results of FY2019 【2】Summary of Medium-Term Business Plan 【3】Outlook for the coming years 2
Slide 3: FY2019 Financial Results Outline
FY2019 Financial Results Outline Billions of yen Y0Y Orders Received … 48.8 -3.0 Sales … 47.1 -1.1 Operating Income … 1.2 -0.5 Ordinary Income … 1.3 -1.0 Net Income … 0.5 -1.7 Torishima Pump Mfg. Co., Ltd. 3
Slide 4: FY2019 Consolidated Financial Results
FY2019 Consolidated Financial Results - Orders received : 15% increased in public-sector, 1% increased in private-sector, 21% decreased in overseas. Overall it decreased by 6% to 48.8 billion yen. - Sales: 3％ increased in public-sector, 10% increased in private-sector, 10% decreased in overseas. Ove
Slide 5: Main factors of decreased income
Main factors of decreased income ■Non-consolidated Billions of yen Decrease in Decrease in Main factors gross profit operating Total income income Bankruptcy of a customer 1 （Provision for loss on construction contracts / 0.2 0.5 0.7 for doubtful accounts） 2 Increase in sales cost 0.2 0.2 3 Decrease
Slide 6: FY2019 Financial Results (Non-consolidated / Subsidiaries)
FY2019 Financial Results （Non-consolidated / Subsidiaries） ■Non-consolidated Billions of yen Deference from ・Sales was as planned FY2019 FY2018 Initial plan ・Main factors of decreased gross operating income Initial plan Results amount % －Provision for loss on construction contracts －Increase in sale
Slide 7: Summary of Medium-Term Business Plan
【1】Financial Results of FY2019 【2】Summary of Medium-Term Business Plan 【3】Outlook for the coming years 7
Slide 8: Medium-Term Business Plan FY2017-FY2019 ①
Medium-Term Business Plan FY2017- FY2019① Orders received and Sales were as planned. Profit didn’t reach the initial plan due mainly to 1.4 billion of losses including the provision for doubtful accounts recorded in the FY2019 first half-year. Billions of yen FY2017 FY2018 FY2019 Plan Results Plan R
Slide 9: Medium-Term Business Plan FY2017-FY2019 ②
Medium-Term Business Plan FY2017- FY2019② Torishima implemented its Medium-Term Business Plan from FY2017 to FY2019, the year of Torishima’s 100th anniversary. During this three year plan, we focused on the activities listed below with particular attention given to ‘Innovative Capabilities’, ‘Global
Slide 10: Medium-Term Business Plan in the long-term trend
Medium-Term Business Plan in the long-term trend We have enhanced our growth platform in the last three year plan, and improved profitability. We strive to more increase our operating income in the coming years, leading to further innovation. Confusion Reconstruction of 2019 Expansion of Globalizati
Slide 11: Outlook for the coming years
【1】Financial Results of FY2019 【2】Summary of Medium-Term Business Plan 【3】Outlook for the coming years 11
Slide 12: The impact of COVID-19 on Torishima and our current situation
The impact of COVID-19 on Torishima and our current situation ● Torishima’s products are essential in the upkeep and development of society’s infrastructure, therefore all manufacturing and service facilities both Japan and overseas remained in operation throughout global lockdown and immigration re
Slide 13: Outlook for Sales of FY2020
Outlook for Sales of FY2020 We expect average yearly sales based on 50.6 billion of order backlog. However, it is difficult to make a rational calculation of the consolidated financial forecasts at this point, accordingly we have not yet disclosed our consolidated forecasts. Orders backlog by segmen
Slide 14: Focused initiatives during FY2020
Focused initiatives during FY2020 We will focus on measures below while maintaining our basic strategy of 2019 medium-term business plan. Prevent infection among employees - Rise awareness of the importance of wearing masks and washing hands - Shift office work to work-from-home and staggered workin
Slide 15: Torishima's future looking ahead to After COVID
Torishima’ s future looking ahead to After COVID Our responsibility and role for society Providing “Energy-Efficient Solutions” and ensuring “Safety and Reliability” with our core competence of “Innovation” “Globalization” “ Services Solutions” and maintaining a reliable infrastructure for water and
Slide 16: Tough times creates opportunities
Tough times creates opportunities. Torishima fulfills our responsibility and continually evolve to meet the demands for society in all situations 16
Slide 17: Inquiries
Forecasts regarding future performance in these materials are based on judgment made in accordance with information available at the time this presentation was prepared. Therefore, please notice that there is a risk or uncertainty that the actual results may be different from these predicted results
Slide 18: Appendix
Appendix @® TORISHIMA 18
Slide 19: Consolidated financial results (5 years)
Consolidated financial results (5 years) Billions of yen Orders Received Sales Orders Backlog SG&A 50.6 11.1 51.3 51.8 48.2 47.1 48.8 44.4 45.4 49.4 40.5 48.9 10.0 43.5 42.2 48.5 9.7 9.1 8.8 45.3 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Gros
Slide 20: Orders received, Sales and Orders backlog by segment
Orders received, Sales and Orders backlog by segment Millions of yen FY2018 FY2019 Orders Order Orders Order Sales Sales Received Backlog Received Backlog Public sector 16,434 15,931 12,585 18,813 16,412 14,987 YOY rate +18.1% -4.2% +4.2% +14.5% +3.0% +19.1% Private sector 9,258 8,540 6,447 9,339 9,
Slide 21: Orders received, Sales and Orders backlog by segment
Orders received, Sales and Orders backlog by segment Orders received Sales 30,000 60,000 25,000 60,000 25,000 50,000 50,000 20,000 20,000 40,000 40,000 15,000 15,000 30,000 30,000 10,000 10,000 20,000 20,000 5,000 10,000 5,000 10,000 0 0 0 0 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 Order ba
Slide 22: Orders received, Sales and Orders backlog by business domain
Orders received, Sales and Orders backlog by business domain Millions of yen FY2018 FY2019 Orders Order Orders Order Sales Sales received Backlog received Backlog High-tech Pumps 15,275 13,038 18,069 14,815 13,241 19,642 YOY 25.6% 23.7 % 14.1% -3.0% -1.5% 8.7% Projects 16,582 16,785 22,792 16,729 17
Slide 23: Orders received, Sales and Orders backlog by segment
Orders received, Sales and Orders backlog by segment Orders received Sales 25,000 60,000 20,000 60,000 50,000 50,000 20,000 15,000 40,000 40,000 15,000 30,000 10,000 30,000 10,000 20,000 20,000 5,000 5,000 10,000 10,000 0 0 0 0 2016 2017 2018 2019 2016 2017 2018 2019 35,000 Order backlog 60,000 Left
Slide 24: Orders received breakdown by region
Orders received breakdown by region Billions of yen Breakdown Japan Overseas Total Asia Middle East Other 22.9 19.4 8.7 7.7 3.0 FY2017 42.2 (54.1%) (45.9%) (20.4%) (18.2%) (7.3%) 25.7 26.1 11.4 9.8 4.9 FY2018 51.8 (49.6%) (50.4%) (22.1%) (18.9%) (9.4%) 28.1 20.7 6.1 10.0 4.6 FY2019 48.8 (57.6%) (42.
Slide 25: Sales breakdown by region
Sales breakdown by region Billions of yen Breakdown Japan Overseas Total Asia Middle East Other 25.1 20.3 8.4 10.1 1.9 FY2017 45.4 (55.2%) (44.8%) (18.5%) (22.2%) (4.1%) 24.5 23.7 8.2 11.2 4.3 FY2018 48.2 (50.8%) (49.2%) (17.0%) (23.2%) (9.0%) 25.8 21.3 8.3 8.9 4.1 FY2019 47.1 (54.7%) (45.3%) (17.6%
Slide 26: Orders Received by Segment
Orders Received by Segment High-tech Pump Projent Service Solutions Renewable Energy & Environment Billions of yen 60.0 1.1 50.0 0.9 0.2 0.8 11.4 11.9 1.0 1.3 1.2 0.9 18.5 40.0 1.1 16.5 1.4 12.0 16.5 11.1 15.2 1.5 10.4 16.7 30.0 19.9 9.2 21.8 16.6 16.7 13.0 20.0 13.5 19.2 14.0 14.0 8.6 14.2 10.0 20.
Slide 27: Japanese Pump Market
Japanese Pump Market ■Public sector ■Private sector ■Overseas ■Agent Billions of yen ■Public sector ■Private sector ■Overseas % 2,000 200 100 1,800 90 1,600 80 150 1,400 70 1,200 60 1,000 100 50 800 40 30 600 50 20 400 10 200 0 0 '99 00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 14 '15 '16