Daifuku Co., Ltd. · TSE:6383
Daifuku — Q3 FY2023 Earnings Presentation
20 slides from Daifuku's earnings presentation, Feb 8, 2024
Slide 1: Consolidated Financial Results
Consolidated Financial Results First Three Quarters of the Fiscal Year Ending March 31, 2024 (April 1, 2023–December 31, 2023) February 8, 2024 DAIFUKU CO., LTD.
Slide 2: Contents
02 Financial Summary Contents 03 Financial Results 16 Topics © 2024 Daifuku Co., Ltd. 1
Slide 3: Financial Summary
Financial Summary Fiscal 2023 3Qs results (Billion yen) YoY ✓ Orders received were largely in line with plans, despite the absence of the large increase in orders received -151.6 Orders received 448.1 in the previous fiscal year due to the impact of foreign exchange rates, and despite a decrease in
Slide 4: Financial Results
Back to Contents Financial Results © 2024 Daifuku Co., Ltd. 3
Slide 5: Fiscal 2023 3Qs Results (April 1, 2023–December 31, 2023)
Fiscal 2023 3Qs Results (April 1, 2023–December 31, 2023) YoY change FY2023 forecast (Billion yen) FY2022 3Qs FY2023 3Qs Announced Revised on FY2022 Amount Rate in Nov. 2023 Feb. 8, 2024 Orders received 599.8 448.1 -151.6 -25.3% 630.0 630.0 737.4 Net sales 435.6 437.3 +1.7 +0.4% 605.0 605.0 601.9 Op
Slide 6: Factors for Change in Operating Income
Factors for Change in Operating Income Net sales increased by ¥1.7 billion; however, if the ¥14.4 billion increase in sales 1 due to exchange rate fluctuations is deducted, sales would have decreased. (Billion yen) 1 © 2024 Daifuku Co., Ltd. 5
Slide 7: Results by Reportable Segment
Results by Reportable Segment 1 Daifuku 2 Daifuku North America Orders declined for intralogistics systems and for cleanroom systems, the Sales were driven by automotive systems and airport systems. Segment latter having seen a significant increase in orders during the previous fiscal income was dri
Slide 8: Consolidated Balance Sheets
Consolidated Balance Sheets (Billion yen) Mar. 31, 2023 Dec. 31, 2023 Change (Billion yen) Mar. 31, 2023 Dec. 31, 2023 Change Current assets 433.1 492.6 +59.4 Current liabilities 202.8 220.9 +18.1 Cash on hand and in Notes and accounts banks 102.7 119.3 +16.5 payable 94.0 85.0 -9.0 Notes and account
Slide 9: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Billion yen) Operating activities Investing activities (Billion yen) FY2022 3Qs FY2023 3Qs YoY change Financing activities Free cash flow 37.0 Cash flows from operating activities -30.0 2.2 +32.3 30.5 25.2 Cash flows from investing activities -7.2 -18.4 -11.1 F
Slide 10: Orders and Sales by Destination
Orders and Sales by Destination 1 Japan 2 North America Orders for intralogistics systems and cleanroom systems fell short of the Sales were driven by automotive systems and airport systems. strong results recorded in the same period of the previous fiscal year. 3 China 4 South Korea, Taiwan Orders
Slide 11: Orders and Sales by Industry
Orders and Sales by Industry Automobile, auto parts, airport Electronics 1 2 Sales were favorable, underpinned by an extensive order Orders declined, given a reactionary fall in cleanroom systems attributable to orders backlog in North America. received ahead of schedule in the previous fiscal year.
Slide 12: Quarterly Orders Received, Net Sales, and Operating Margin
Quarterly Orders Received, Net Sales, and Operating Margin Profitability improved, mainly due to progress in passing on higher costs associated with soaring raw material and labor costs to prices in intralogistics systems in 1 Japan and North America, progress on highly profitable projects of cleanr
Slide 13: Quarterly Order Backlogs
Quarterly Order Backlogs Order backlogs remain high, attributable to orders received ahead of schedule in the previous fiscal year. (Billion yen) 616.0 613.1 601.1 598.9 588.1 583.6 574.2 532.3 447.0 451.8 393.2 398.9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2021 FY2022 FY2023 © 2024 Daifuku Co., Ltd.
Slide 14: Service Sales
Service Sales Service sales saw steady growth, reaching ¥132.3 billion for the first three quarters of the current fiscal year. (Billion yen) Service sales Ratio to net sales 31% 31% 29% 29% 28% 27% 27% 27% 25% 25% 24% 47.7 47.6 41.5 43.1 39.2 40.1 34.8 34.5 36.4 32.9 28.9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Slide 15: Quarterly Orders Received by Industry
Quarterly Orders Received by Industry (Billion yen) FY2021 FY2022 FY2023 Q3 Q3 YoY change Industry Q1 Q2 Q3 Q4 Q1 Q2 Q4 Q1 Q2 % of total (a) (b) (b-a) Automobile, auto parts 15.3 17.0 13.0 12.0 18.0 22.4 23.5 25.7 19.5 19.0 17.0 11.1% -6.4 Electronics 44.9 41.6 75.3 71.5 98.4 87.2 54.2 31.4 40.6 58.
Slide 16: Quarterly Net Sales by industry
Quarterly Net Sales by industry (Billion yen) FY2021 FY2022 FY2023 Q3 Q3 YoY change Industry Q1 Q2 Q3 Q4 Q1 Q2 Q4 Q1 Q2 % of total (a) (b) (b-a) Automobile, auto parts 13.7 13.9 15.0 16.2 11.5 14.7 17.5 21.6 16.1 19.1 21.1 13.4% +3.5 Electronics 40.0 31.9 35.7 43.6 43.2 52.6 63.4 56.4 44.9 48.5 50.8
Slide 17: Topics
Back to Contents Topics © 2024 Daifuku Co., Ltd. 16
Slide 18: Second high-rise testing facility built at Shiga Works
Second high-rise testing facility built at Shiga Works Daifuku has started operational testing of its newest high-speed, high-rise automated warehouse stacker cranes in its new high-rise testing facility at its core production site, Shiga Works. In 2006, the Company’s Intralogistics business constru
Slide 19: CO2 reduction targets receive SBTi approval
CO2 reduction targets receive SBTi approval The CO2 emissions reduction targets established in the Daifuku CO2 emission reduction targets established in the Daifuku Environmental Vision 2050 Environmental Vision 2050 have been recognized as near-term science-based targets in accordance with the Pari
Slide 20: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements The strategies, beliefs and plans related to future business performance as described in this document are not established facts. They are business prospects based on the assumptions and beliefs of the management team judging from the m