Sanki Engineering Co., Ltd. · TSE:1961
Sanki Engineering — Q1 FY2024 Earnings Presentation
17 slides from Sanki Engineering's earnings presentation, Aug 9, 2024
Slide 1: Financial Results Presentation for the First Quarter of FY2024
TSE Prime Market｜1961 Financial Results Presentation for the First Quarter of FY2024 August 9, 2024
Slide 2: Contents
Contents 01 Business description P. 3 02 Summary of Q1 FY2024 results P. 4 03 Performance by segment P. 10 04 Earnings forecast P. 14 05 Shareholder returns P. 16 ©2024 SANKI ENGINEERING CO., LTD. 2
Slide 3: Business description
01− Business description Facilities Construction Sales composition ratio Business (Q1 FY2024) The business includes HVAC and The Group aims to be the Plumbing for Buildings, Industrial HVAC centered on air-conditioning systems for factories, Electrical Systems, and Facility Systems 83% Machinery Sys
Slide 4: Financial Summary (Consolidated)
02− Summary of Q1 FY2024 results Financial Summary (Consolidated) Performance remained strong, supported by robust capital investment appetite in the private sector that continued from the previous fiscal year. ■ Net sales, profit, and orders received all reaching record highs* on a Q1 (Millions of
Slide 5: Consolidated Results (P/L, Orders Received)
02− Summary of Q1 FY2024 results Consolidated Results (P/L, Orders Received) ⚫ Net sales increased due to steady progress notably in large-scale projects carried forward ⚫ Profit increased significantly due to higher net sales and to continued improvement in profit margin in Facilities Construction,
Slide 6: Quarterly Changes in Net Sales and Ordinary Profit
02− Summary of Q1 FY2024 results Quarterly Changes in Net Sales and Ordinary Profit ⚫ Despite the seasonality of the first quarter when the progress in net sales and profit tends to be low against full-year performance, significant increases were recorded in both net sales and profit in the first qu
Slide 7: Balance Sheets (B/S)
02− Summary of Q1 FY2024 results (Millions of yen) Balance Sheets (B/S) March 31, 2024 FY2024 Change Q1 Current assets 131,564 116,330 (15,233) Cash and deposits 23,500 29,140 5,640 Securities 1,000 5,999 4,999 Trade receivable Trade receivable* 97,549 70,200 (27,348) Decrease due to seasonal fluctu
Slide 8: Cash flows
02− Summary of Q1 FY2024 results Cash flows Balance of cash and cash equivalents increased from March 31, 2024 ⚫ Cash flows from operating activities increased due mainly to progress in collection of trade receivables ⚫ Cash flows from investing activities increased due mainly to maturity of insuran
Slide 9: Main Large-Scale Projects Received and Large-Scale Completed Construction Projects
02− Summary of Q1 FY2024 results Main Large-Scale Projects Received and Large-Scale Completed Construction Projects ⚫ Large-Scale Contracts Awarded Type of Property name Item of construction Location construction Daiichi Sankyo Biotech Co., Ltd. / Emergency Power Generator Installation Renewal/Reno
Slide 10: Orders Received by Segment (Consolidated)
03− Performance by segment Orders Received by Segment (Consolidated) Facilities Increased significantly reflecting large-scale contracts awarded for gymnasium, pharmaceutical factory Construction and other projects Business Increased as a result notably of contract awarded in the Environmental Plant
Slide 11: Net Sales by Segment (Consolidated)
03− Performance by segment Net Sales by Segment (Consolidated) Facilities Increased due partly to steady progress in large-scale projects carried forward Construction Decreased in Facility Systems as a reaction to the completion of a large-scale relocation project in the same period of the Business
Slide 12: Gross Profit by Segment (Consolidated)
03− Performance by segment Gross Profit by Segment (Consolidated) Facilities Increased due to higher net sales in HVAC and Plumbing for Buildings, Industrial HVAC and Electrical Systems, as well as Construction improvement in profit margin at the time of order intake and also of works in progress Bu
Slide 13: Ordinary Profit by Segment (Consolidated)
03− Performance by segment Ordinary Profit by Segment (Consolidated) (Millions of yen) FY2023 FY2024 YoY Q1 Q1 Ordinary profit Ordinary profit Change % change Facilities Construction Business 360 1,925 1,565 434.5 Machinery Systems (297) (319) (21) ― Environmental Systems (224) (119) 105 ― Total of
Slide 14: FY2024 Forecast (Consolidated)
04− Earnings forecast FY2024 Forecast (Consolidated) ⚫ Earnings forecast announced on May 10, 2024, remains unchanged in light of such factors as the anticipated increase in SG&A expenses due to increase in personnel expenses and other causes, although gross profit is expected to increase due to imp
Slide 15: Forecast of Orders Received and Net Sales by Segment (Consolidated)
04− Earnings forecast Forecast of Orders Received and Net Sales by Segment (Consolidated) ⚫ Forecast of orders received and net sales was amended for some segments in line with the progress in the Q1 results (Millions of yen) Initial forecast Interim forecast Initial forecast Interim forecast announ
Slide 16: Status of Shareholder Returns
05− Shareholder returns Status of Shareholder Returns ⚫ Provided stable returns to shareholders in line with the shareholder return policy set forth in the medium- term management plan “Century 2025” Phase 3 ⚫ Planning for annual dividend of 85 yen and dividend payout ratio of 51.3% ⚫ Planning to pu
Slide 17: Disclaimer
Disclaimer Forward-looking statements, including forecast of financial results, contained in this document reflect the management’s judgment based on the information available as of August 9, 2024. Actual results may differ from the figures contained herein due to a number of factors. For IR inquiri