Yushin Company · TSE:6482

Yushin — Yushin Precision Equipment — FY2021 Earnings Presentation

32 slides from Yushin's earnings presentation, May 12, 2021

  1. Slide 1: FY2021 Investors Presentation

    FY2021 Investors Presentation May, 2021 This document contains some estimates of future business performance. Such references should not be taken to be a guarantee. Please note that future performance is subject to various risks and uncertainties, and goals and projections may vary due to changes in

  2. Slide 2: Summary

    Summary  Results for FY2021 -Net sales decrease due to decrease in capital investment Take-out robot in Japan decrease Take-out robot for medical field increase -Operating profit increase due to improvement in the gross profit margin and reduction in SG&A expenses utilizing IT  Forecast for FY2022

  3. Slide 3: Results for FY2021

    Results for FY2021 FY2020 FY2021 Amount Amount Change* Mil. Yen Mil. Yen % Net Sales 20,011 18,473 (7.7) Gross Profit 8,020 7,875 (1.8) <%> 40.1% 42.6% Operating Profit 2,309 2,522 9.2 <%> 11.5% 13.7% Ordinary Profit 2,205 2,608 18.3 <%> 11.0% 14.1% Profit attributable to owners of parent 1,532 1,82

  4. Slide 4: Summary of FY2021

    Summary of FY2021 (＋) Factor of increase (－) Factor of decline  7.7% decrease from the previous FY to 18,473 million yen a) Take-out robots sales decrease by 6.8% Y/Y (－) Decrease due to restraint of capital investment mainly in Japan and Southeast Asia (＋) In US, demand for medical supply (eg. PCR

  5. Slide 5: Forecast for FY2022

    Forecast for FY2022 FY2021 FY2022 (Forecast) Interim Full Year Interim Full Year Amount Amount Amount Y/Y* Amount Y/Y* Mil. Yen Mil. Yen Mil. Yen % Mil. Yen % Net Sales 8,072 18,473 9,900 22.6 20,000 8.3 Gross Profit 3,354 7,875 4,120 22.8 8,450 7.3 <%> 41.6% 42.6% 41.6% 42.3% Operating Profit 871 2

  6. Slide 6: Forecast for FY2022

    Forecast for FY2022 (＋) Factor of increase (－) Factor of decline  8% increase from the previous FY to 20,000 million yen a) Take-out robots sales increase by 16% Y/Y (＋) Expect capital investment demand will recover in all areas, including China. Net Sales b) Custom-ordered equipment sales decrease

  7. Slide 7: Sales Breakdown

    Sales Breakdown (Millions of Yen) 25,000 25,000 21,833 20,878 20,011 20,000 20,000 20,000 19,346 18,473 Parts and Maintenance service Custom-ordered 15,000 15,000 Equipment 10,000 10,000 Take-out Robots 5,000 5,000 00 FY2022 FY2017 FY2018 FY2019 FY2020 FY2021 (F) (forecast) Parts and Parts and maint

  8. Slide 8: Sales by Region

    Sales by Region (Millions of yen) 25,000 25,000 21,833 20,878 20,011 20,000 20,000 19,346 20,000 18,473 Others North America Europe 15,000 15,000 Other Asia 10,000 10,000 China/Taiwan 5,000 5,000 Japan 00 FY2022 FY2022 FY2017 FY2017 FY2018 FY2018 FY2019 FY2019 FY2020 FY2020 FY2021 FY2021 (forecast)

  9. Slide 9: Sales by End User Categories

    Sales by End User Categories (Millions of yen) 25,000 25,000 20,878 21,833 19,346 20,011 20,000 Others 20,000 20,000 18,473 Optical instruments Containers Electrical appliance 15,000 15,000 Sundry products Electronic parts 10,000 10,000 Automotive products 5,000 5,000 Medical products 00 FY2022 22/3

  10. Slide 10: Sales by End User Categories

    Sales by End User Categories Others 3% Disc and optical instruments Containers 3% 8% Medical products Electrical 26% appliance 9% Sundry products 10% Automotive products Electronic 23% parts 18% FY2021 Net sales 18,473 million yen 10 May. 12, 2021

  11. Slide 11: Capital Investment / Depreciation / R&D

    Capital Investment / Depreciation / R&D (Millions of yen) 2,000 2,000 Capital Capital Invest Investment Depreciation Depreciation R&D R&DExpenses Expenses 1,500 1,500 New H.Q. and factory Land etc. 1,000 1,000 500 500 00 FY2022 FY2017 FY2017 FY2018 FY2018 FY2019 FY2019 FY2020 FY2020 FY2021 FY2021 FY

  12. Slide 12: Medium-term Objectives

    Medium-term Objectives  Net Sales: 30 billion yen or more  Ordinary Profit: 5 billion yen or more  Ordinary Profit ratio: 15 % or more  EPS: 75 yen or more FY2021  Net Sales: 18.4 billion yen  Ordinary Profit: 2.6 billion yen  Ordinary Profit ratio: 14.1 %  EPS: 53 yen Strategy4: Active Expa

  13. Slide 13: Strategy 1: Enhancement of the Products (1)

    Strategy 1: Enhancement of the Products (1) Further develop the following technologies  Active vibration control developed with the high end Take-out robot “FRA”  “INTU LINE” – Yushin’s IoT service  Technical Services utilizing AI The Japan Society of Mechanical Engineers Medal for New Technology

  14. Slide 14: Strategy 1: Enhancement of the Products (2)

    Strategy 1: Enhancement of the Products (2)  Developing products that meet regional characteristics and customer needs – “LA series” for large injection molding machines – 14 May. 12, 2021

  15. Slide 15: Strategy 2: Enhancement of the Global Network

    Strategy 2: Enhancement of the Global Network  New product development according to regional characteristics  Established a subsidiary in Munich, Germany for sales expansion in Europe  Target on the top class companies in the world  Win local customers in each counties 15 May. 12, 2021

  16. Slide 16: Strategy 3: Cultivation of Human Resources

    Strategy 3: Cultivation of Human Resources  Cultivation of System Integrator to accommodate various automation needs  A wide variety of training Technical training program (also started e-learning), Training program for managers  Ratio of female managers: 5.0% by promoting female powers (Industry

  17. Slide 17: Strategy 4: Expansion into New Business

    Strategy 4: Expansion into New Business Released the palletizing robot "PA" series in June, 2020  Acquire new customers mainly in the food industry  Strengths of space saving and free access 17 May. 12, 2021

  18. Slide 18: Return to Shareholders

    Return to Shareholders Annual dividends(yen) Dividend payout ratio 25 100% Annual dividends per share * Consolidated dividend payout ratio target: 30% or more Dividend payout ratio 20 80% 18yen 18yen 18yen 18yen 18yen 17yen 16.5yen 15yen 15yen 15yen 15 60% 10yen 10 40% Target 5 20% 0 0% FY2012 FY201

  19. Slide 19: Appendix

    <Appendix>  Company Profile ・・・・・・・・・・・・・・・・・20  YUSHIN’s Strength ・・・・・・・・・・・・・・・21  Change in Performance ・・・・・・・・・・・・・22  Change in Performance of Subsidiaries ・・・ ・・23  Global Network ・・・・・・ ・・・ ・・・・・・・24  Balance Sheets ・・・・・・・・・・・・・・・・・25  Change in Cash Flow ・・・・・・・・・・・・・・26  Product

  20. Slide 20: Company Profile

    <Appendix> Company Profile Name: YUSHIN PRECISION EQUIPMENT CO., LTD. President: Mayumi Kotani Establishment: October, 1973 Capital: 1,985 million yen Number of employees: 681 (Consolidated, as of March 31, 2021) Consolidated net sales: 18,473 million yen (FY2021) Securities code: 6482 (First Sectio

  21. Slide 21: YUSHIN's Strength

    <Appendix> YUSHIN’s Strength Technology Wide customers  Persistence in the industry First  Global  Challenge to new business areas  Various industries Reliability Financial Foundation  Offering high-quality products  No loan payable  Quick response  High shareholders’ equity ratio in sales a

  22. Slide 22: Change in Performance

    <Appendix> Change in Performance Sales Ordinary Profit (Millions of yen) (Millions of yen) 25,000 25,000 10,000 10,000 Sales Ordinary Profit 21,833 9,000 21,148 20,878 19,346 20,011 20,000 20,000 20,000 18,473 8,000 17,909 17,799 7,000 14,721 15,000 15,000 14,240 6,000 5,000 10,000 10,000 4,000 3,09

  23. Slide 23: Change in Performance of Subsidiaries

    <Appendix> Change in Performance of Subsidiaries (Millions of yen) Invest- FY2020 FY2021 Country Setup ment Operating Operating Net sales Profit Net sales Profit ratio profit profit South Korea 2000.10 100.0% 986 45) 18)) 1,202 71) 71)) China（Shanghai） 2007. 2 100.0% 993 32) 31)) 1,473 93) 89)) Chin

  24. Slide 24: Global Network

    <Appendix> Global Network Canada<Toronto> South Korea UK<Birmingham> China<Tianjin, Yantai, Dalian> <Soul> South Korea USA<Ohio> Germany <Daegu> <Munich> China<Shanghai> USA<Rhode Island> USA<California> USA<Texas> USA China<Chongqing, Wuhan, Suzhou> Japan <North Carolina> Turkey<Istanbul> China<Gua

  25. Slide 25: Balance Sheets

    <Appendix> Balance Sheets <Assets> (Millions of yen) <Liabilities, Net Assets> (Millions of yen) 35,000 35,000 Investments and other assets Notes and accounts 30,000 30,000 payable - trade Intangible assets 25,000 25,000 Other Property, plant current liabilities and equipment 20,000 20,000 Non-curre

  26. Slide 26: Change in Cash Flow

    <Appendix> Change in Cash Flow <Analysis of cash flow> (Main subject only) Operating CF Investing CF Financing CF 3,487 (1,987) (561) Trade Profit payables before +870 Effect of income Depreciation exchange taxes +644 Other rate change +2,610 operating Income on cash and As of CF taxes cash March 31

  27. Slide 27: Product Lineup (1)

    <Appendix> Product Lineup (1) Sales ratio Take-out Robots FRA series HSA series HST series <Traverse type> 64% <Traverse type> <Traverse type> 11,904 Million yen FY2021 RC series YC series TSXA series <Traverse type> <Traverse type> <Side-entry type> SD series ATC series HOP series <Traverse type> <

  28. Slide 28: Product Lineup (2)

    <Appendix> Product Lineup (2) Sales ratio Custom-ordered Equipment 19% Flexible In-mold system Gate cutting Palletizing robots 3,422 Million yen module stocker system FY2021 Sales ratio Parts and Maintenance service 17% 3,147 Million yen FY2021 28 May. 12, 2021

  29. Slide 29: Performance and Price of Take-out Robots

    <Appendix> Performance and Price of Take-out Robots Performance FRA HSA High-end TSXA HST RC High-cycle series YC High speed High stiffness Multi purpose SD Energy saving Traverse type <5-axis servo driven> For Asian market ATC Energy saving Traverse type HOP <1-axis servo driven> Swing type <Air dr

  30. Slide 30: ESG

    <Appendix> ESG < Environmental load reduction > - Development of energy-saving products Related E (Won the JMF’s Energy-Efficient Machinery Award) SDGs Items Environment - Promotion of environmental management system (ISO14001) < Working style reform of customer factories > - Providing factory autom

  31. Slide 31: YUSHIN's Target Products are…

    <Appendix> YUSHIN’s Target Products are… 31 May. 12, 2021

  32. Slide 32: Contact: Corporate Planning Office

    Contact: Corporate Planning Office (E-mail) [email protected] www.ype.co.jp/en/ The IR site distributes explanatory meeting information and various materials. http://ir.ype.co.jp/en/Top.html You can also access from this QR code. Notes: This document contains some estimates of future business per

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