Asahi Yukizai Corporation · TSE:4216
Asahi Yukizai — Q2 FY2024 Earnings Presentation
35 slides from Asahi Yukizai's earnings presentation, Nov 22, 2024
Slide 1: Presentation of Financial Results for the Second Quarter of the Fiscal Year Ending March 2025
Presentation of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2025 November 22, 2024 ASAHI YUKIZAI CORPORATION Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 2: Table of Contents
Table of Contents 1 Business Overview / Summary 3 Forecast for the 2H and for FY2024 • Business Overview • Forecast of Company-wide Results • Summary • Forecast of Results by Segment • Valve & Piping Systems Divisions in FY2024-2H 2 FY2024 2Q (Interim Period) Financial Results • Resin Divisions in F
Slide 3: Business Overview / Summary
Business Overview / Summary Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 4: Business Overview
Business Overview Asahi Yukizai Group's Three Business Segments Water Treatment & Natural Valve & Piping Systems Divisions Resources Development Divisions Net sales: 26.6 billion yen Net sales: 4.0 billion yen Operating profit: 5.1 billion yen Operating profit: 0.2 billion yen 10% FY2024 1H Resin Di
Slide 5: Summary
Summary Sales and operating profit were down on a year-on-year basis but the results were almost in line with the published forecast. • Net sales: 41.7 billion yen Operating profit: 5.9 billion yen <Year-on-year comparison: Decrease in both income and profit> The impact of the reaction to the specia
Slide 6: Second Quarter (Interim Period) Financial Results
Second Quarter (Interim Period) Financial Results Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 7: Company-wide Results
Company-wide Results • Factors of sales decrease: Impact of the U.S. and Chinese businesses, etc. in the Valve & Piping Systems Divisions • Factors of profit decrease: Impact of sales decrease and increase in fixed cost (labor cost, depreciation, repair cost, etc.) (100 million yen) Changes from the
Slide 8: Sales Trends in U.S. and China Businesses
Sales Trends in U.S. and China Businesses (Valve & Piping Systems Divisions) 1H * Sales figure represents the index where sales in the first half of FY2022 are set at 100. U.S. China • Despite the decrease in sales due to the reaction to • The electronics industry sector decreased due to the the spe
Slide 9: Company-wide Results: 1H Trends
Company-wide Results: 1H Trends Both sales and operating profit are at a high level, exceeding the results of FY2022. Operating profit Net sales (100 million yen) (100 million yen) 500 100 400 80 300 60 200 40 100 20 0 0 15上1H FY2015 16上 1H FY2016 17上 1H FY2017 18上 1H FY2018 19上 1H FY2019 20上 1H FY2
Slide 10: Results by Segment
Results by Segment Company-wide total: Decrease in sales and profit Valve & Piping Systems : Decrease in sales and profit Resin : Decrease in profit but Increase in sales Water Treatment & Natural Resources Development: Increase in sales and profit FY2024 1H FY2023 (100 million yen) 1H Results Chang
Slide 11: Valve & Piping Systems Divisions for 1H
Valve & Piping Systems Divisions for 1H Valves, Pipes, Decreased in sales due to the adjustment of domestic distribution stock. Fittings, etc. Increased in sales due to the steady performance resulting from the expansion of the Dymatrix products 売上高（億 domestic market for semiconductor manufacturing
Slide 12: Valve & Piping Systems Divisions: Variation Analysis of Net Sales & Operating Profit
Valve & Piping Systems Divisions: Variation Analysis of Net Sales & Operating Profit (100 million yen) (100 million yen) Net Sales -31 Operating profit -25 売上 Net sales プラス要因 Positive factor マイナス要因 Negative factor 営業利益 Operating profit マイナス要因 Negative factor 297 +5 266 76 -8 -2 51 -26 -5 -6 -14 23年度
Slide 13: Resin Divisions for 1H
Resin Divisions for 1H Foundry Decreased in sales due to the reduced production of automobiles resulting materials from the domestic type certification issue. Decreased in sales due to the delay in housing and construction projects Foam materials, and the decrease in shipments of civil engineering m
Slide 14: Resin Divisions: Variation Analysis of Net Sales & Operating Profit
Resin Divisions: Variation Analysis of Net Sales & Operating Profit (100 million yen) (100 million yen) Net Sales +3 Operating profit -2 Net sales Positive factor Negative factor Operating profit Negative factor 7 +2 111 5 107 +4 -1 -2 -1 -1 -0 FY2023 Foundry Foam Electronics Affiliated FY2024 FY202
Slide 15: Water Treatment & Natural Resources Development Divisions Results for 1H
Water Treatment & Natural Resources Development Divisions Results by Segment for 1H Operating profit Net sales (100 million yen) (100 million yen) 50 8 40 4 30 20 0 10 0 -4 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 1H 1H 1H 1H 1H 1H 1H 1H 1H 1H Net sales 22 22 24 27 25 24
Slide 16: Financial statement
Financial statement P/L (100 million yen) FY2023 1H FY2024 1H B/S (100 million yen) As of March 31, 2024 As of Sep. 30, 2024 Net sales 438 417 Total assets 1,014 1,022 Cost of sales 257 251 Current assets 667 653 Gross profit 182 166 Inventories 223 224 Selling, general and Non-current assets 347 37
Slide 17: Forecast for the Second Half and for FY2024
Forecast for the Second Half and for FY2024 (no change from the forecast disclosed on May 15, 2024) Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 18: Forecast of Company-wide Results
Forecast of Company-wide Results Maintain the forecast of full-year results announced on May 15 (100 million yen) FY2023 results FY2024 forecast Changes from ROE the previous year Full 1H Amount of 1H 2H 2H Full year year results change FY2023 FY2024 Net sales 438 436 874 417 453 870 -4 17％ 11％ Oper
Slide 19: Forecast of Results by Segment
Forecast of Results by Segment Company-wide total: Decrease in sales and profit Valve & Piping Systems : Decrease in sales and profit Resin / Water Treatment & Natural Resources Development: Increase in sales and profit FY2024 FY2023 (100 million yen) Forecast Changes Valve & Net sales 575 538 -37 P
Slide 20: Valve & Piping Systems Divisions in FY2024-2H
Valve & Piping Systems Divisions in FY2024-2H Semiconductor-related The electronics industry sector is in a trough in the U.S., with a recovery business expected in FY2025. Demand for manufacturing equipment is expected environment (valves, pipes, etc., Dymatrix products) to recover gradually. Busin
Slide 21: Resin Divisions in FY2024-2H
Resin Divisions in FY2024-2H Semiconductor-related Although memory and sensor related products are expected to weaken, a business recovery is expected for data centers and power semiconductors, etc. environment (Electronics materials) centered on the generative AI semiconductor market. Business Alth
Slide 22: Water Treatment & Natural Resources Development Divisions in FY2024-2H
Water Treatment & Natural Resources Development Divisions in FY2024-2H Demand for capital investment in water and sewage facilities, factory Water treatment wastewater treatment facilities, etc. remained at the same level as the environment Business previous year. In the geothermal sector, the marke
Slide 23: Dividends and Stock Price
Dividends and Stock Price Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 24: Dividends
Dividends Interim dividend: 55 yen per share; Year-end dividend: 55 yen per share (forecast) Year-end dividend per share (yen) 110 100 Interim dividend per share (yen) 55 70 50 60 50 50 50 45 40 35 30 25 25 25 25 55 15 50 25 25 25 25 30 15 20 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 2
Slide 25: Stock Price Trends
Stock Price Trends * Indexed by deeming the stock price of April 3, 2023 as 100 2024/11/19 Stock price 株価：指数 Stock price: Index Trends of stock price and volume (closing price): 4,315 yen Volume: shares 180 1,000,000 160 900,000 800,000 140 700,000 120 600,000 100 500,000 80 400,000 60 300,000 40 20
Slide 26: Topics
Topics Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 27: Capital Investment in the Electronics Materials Business
Capital Investment in the Electronics Materials Business Japan: Electronics Materials 2nd Factory (total investment is 6 billion yen) ・Progress: Completed on July 2024 Jan. 2025: Full-scale operation (scheduled) ・Applications: For advanced semiconductors and legacy semiconductors Advanced and lega
Slide 28: Reference Data
Reference Data Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 29: Company-wide Profit/Loss Quarterly Trends
Company-wide Profit/Loss Quarterly Trends Operating profit Net sales (100 million yen) (100 million yen) 250 50 200 40 150 30 100 20 50 10 0 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 20年度 FY2020 21年度 FY2021 22年度 FY2022 23年度 FY2023 24年度 FY2024 Net sales 売上高 112 127 142 155 137 158 178 1
Slide 30: Valve & Piping Systems Divisions Trends in Results
Valve & Piping Systems Divisions Trends in Results (Half-year/Quarter) Net sales (100 million yen) Operating profit (100 million yen) 350 1H/2H trends 100 300 80 250 200 60 150 40 100 20 50 0 0 FY2020 1H FY2020 2H FY2021 1H FY2021 2H FY2022 1H FY2022 2H FY2023 1H FY2023 2H FY2024 1H Net sales 146 16
Slide 31: Resin Divisions Trends in Results
Resin Divisions Trends in Results (Half-year/Quarter) Net sales (100 million yen) Operating profit (100 million yen) 160 12 1H/2H trends 120 8 80 4 40 0 0 FY2020 1H FY2020 2H FY2021 1H FY2021 2H FY2022 1H FY2022 2H FY2023 1H FY2023 2H FY2024 1H Net sales 69 90 88 98 97 109 107 115 111 Operating prof
Slide 32: Water Treatment & Natural Resources Development Divisions Trends in Results
Water Treatment & Natural Resources Development Divisions Trends in Results (Half-year/Quarter) Net sales (100 million yen) Operating profit (100 million yen) 60 1H/2H trends 12 8 40 4 20 0 0 -4 FY2020 1H FY2020 2H FY2021 1H FY2021 2H FY2022 1H FY2022 2H FY2023 1H FY2023 2H FY2024 1H Net sales 24 45
Slide 33: Trends in Overseas Sales
Trends in Overseas Sales The amount has decreased, but the ratio remains the same. Net sales (100 million yen) Trends in overseas sales Ratio of FY2022 FY2023 FY2024 200 overseas 1H 1H 1H sales 150 Valve & Piping 45% 54% 51% Systems 100 Divisions 50 Resin 22% 21% 29% Divisions 0 22上 1H FY2023 FY20
Slide 34: Trends in the Sales of Semiconductor-related Products
Trends in the Sales of Semiconductor-related Products Dymatrix Series (Valve & Piping products for semiconductor manufacturing equipment) 2020年度 FY2020 2021年度 FY2021 2022年度 FY2022 2023年度 FY2023 2024年度見込み FY2024 forecast 上期 1H 2H 下期 Electronics materials (resin for semiconductors) FY2020 2020年度 2
Slide 35: Notes
Notes Forecasts and prospects in this document are based on information available at the time the document was prepared. It does not assure or guarantee the realization of future planned figures or measures. *This document has been translated from the Japanese original for reference purposes only. I