Unisol Holdings Corporation · TSE:7128
Unisol — MARUKA FURUSATO — Q1 FY2024 Earnings Presentation
25 slides from Unisol's earnings presentation, May 2024
Slide 1: First Quarter of FY2024 Earnings Presentation
First Quarter of FY2024 Earnings Presentation M a y 2024 MARUKA FURUSATO Corporation © MARUKA FURUSATO CORPORATION
Slide 2: Consolidated Financial Results
01 Consolidated Financial Results © MARUKA FURUSATO CORPORATION
Slide 3: First Quarter of FY2024 Consolidated Financial Results Summary
First Quarter of FY2024 Consolidated Financial Results Summary Net sales Operating profit Profit attributable to owners of parent 40,362 million yen 950 million yen 698 million yen Year on year：92.2％ Year on year：53.8％ Year on year：56.4％ （JPY million） 200,000 （JPY million） 10,000 （JPY million） 10,00
Slide 4: Consolidated Profit and Loss (in contrast with the full-year forecast)
Consolidated Profit and Loss (in contrast with the full-year forecast) - Net sales: Sales of Machinery & Tools and Construction Products fell below expectations due to negative results from the previous year. - Operating profit: Low progress rate due to lower net sales and lower profit margin. - Pro
Slide 5: Factors Affecting Operating Profit (Year on year)
Factors Affecting Operating Profit (Year on year) - Net sales: Decreased by 12.1% in Machinery & Tools, and 5.6% in Construction Products. - Profit margin: Construction Products declined due to factors such as a decline in plant operating rates. - SG&A expenses: Increased by 6.8% in operating expens
Slide 6: Consolidated Balance Sheet
Consolidated Balance Sheet - Current assets: Cash and deposits, notes receivable, and electronically recorded monetary claims decreased due to decrease in sales, etc. - Non-current assets: Construction in progress increased due to ULCO, etc., and the fair value of available-for-sale securities incre
Slide 7: Segments
02 Segments © MARUKA FURUSATO CORPORATION
Slide 8: Characteristics of Segments
Characteristics of Segments Machinery and Tools Construction Products A machinery technology trading company with the A construction products trading company with technical skills and proposal capabilities for manufacturing functions that provides providing, as well as designing, the optimum buildin
Slide 9: Segments by Business Company
Segments by Business Company MARUKA FURUSATO Corporation Over seas : KAN G-NET Gifu Shoji Maruka Maruka Corp. KAN 8 Company KAN MANUFACTORY ArPlus TS Precision Mtass Ref Machine tools, Machine tools Machine tools Forming CO2 refrigeration FA devices FA devices Industrial Industrial Washers Food mach
Slide 10: Machinery & Tools Segment
Machinery & Tools Segment - Machinery (Japan): Decreased by 9.7% year on year. Deteriorated due to automobile certification irregularity issue. Recovery in HV investment is expected. - Machinery (Overseas): Decreased by 33.9% year on year (detailed breakdown by country and region on the following pa
Slide 11: Machinery & Tools Segment Consolidated Overseas Net Sales
Machinery & Tools Segment Consolidated Overseas Net Sales - Overseas net sales: 5,395 million yen (Year on year: Decreased by 3,772 million yen (41.1% decrease)) - North America: Decreased by 17.9% year on year. Harsh conditions for machine tools and injection molding machines in the US; increased i
Slide 12: Construction Products Segment
Construction Products Segment - Building products (net sales): Decreased by 4.4% year on year. Steel framing demand decreased year on year, and decrease in small- to medium-sized properties impacted product demand. - Piping products (net sales): Decreased by 14.2% year on year. Impact from decrease
Slide 13: Construction Machinery Segment
Construction Machinery Segment - Significant year-on-year increase due to increased demand and recovery in product shipments at the end of the fiscal year. - Sales increased mainly for basic machinery, crawler cranes and large machinery. - Maintained high operation of main crawler cranes due to year
Slide 14: IoT Solution Segment (Former Security Segment)
IoT Solution Segment（Former Security Segment） - Demand was steady, and the domestic surveillance camera market recovered to a size equivalent to 2019. - AI image analysis is expected to expand the market due to the trend toward DX and labor saving. - Orders for large-scale data centers and other pro
Slide 15: Medium-Term Management Plan
03 Medium-Term Management Plan © MARUKA FURUSATO CORPORATION
Slide 16: Medium-term Management Plan "UNISOL"
Medium-term Management Plan “UNISOL” - The 1st Stage (first 2 years of the plan) proceeded steadily overall. - The 2nd Stage starts from FY2024. We will accelerate the pace of growth to achieve the targets for the final fiscal year. Management “UNISOL” integration ～ Change and Challenge toward the N
Slide 17: Progress of Synergy on Roadmap to Achieving Earnings Targets
Progress of Synergy on Roadmap to Achieving Earnings Targets - The synergy effects of reinforcing the Engineering business have started to appear from previous term. - There is steady progress in achieving the effects of EV-related, automation and labor saving. - Effects of cost reductions through o
Slide 18: Topics
Topics Social Contribution Activities UNISOL no Sato Project Industry-Academia Collaboration Initiatives Concluded a joint research agreement with the Faculty of Concluded agreements on corporate forestation Biology-oriented Science and Technology, Kindai University, activities as an initiative to p
Slide 19: Result Forecasts and Dividend Policy
04 Result Forecasts and Dividend Policy © MARUKA FURUSATO CORPORATION
Slide 20: Revised earnings forecast announced on April 23
Revised earnings forecast announced on April 23 - Earnings forecast was revised as extraordinary income is expected to be posted in 2Q due to gains on sales of securities. → 1H: Profit attributable to owners of parent ¥1.8 billion → ¥2.87 billion → Full year: Profit attributable to owners of parent
Slide 21: Dividend Policy
Dividend Policy - On April 15, 2024, announced a change in shareholder return policy and revised dividend forecast. → The basic policy is to continuously increase dividends based on DOE while emphasizing stable dividends over the long term. → Raise DOE in stages and aim to achieve DOE of 3.5% within
Slide 22: Appendix
05 Appendix © MARUKA FURUSATO CORPORATION
Slide 23: Consolidated Segment Quarterly Data
Consolidated Segment Quarterly Data Net sales Segment profits (million yen) (million yen) 50,000 2,000 40,000 1,500 30,000 1,000 500 20,000 0 10,000 ▲ 500 Q1 Q2 Q3 Q4 Q1 0 Q1 Q2 Q3 Q4 Q1 FY2023 FY2024 FY2023 FY2024 ＴＯＴＡＬ 1,767 1,418 1,497 1,021 950 ＴＯＴＡＬ 43,781 41,378 44,152 43,668 40,362 Machinery
Slide 24: Disclaimer
Disclaimer ・Notes on this material This material is prepared for the sole purpose of providing information to use as reference, and is not intended as a solicitation for investment. This material contains forward looking statements that reflects Maruka Furusato Corporation's plans and expectations.
Slide 25: UNISOL
UNISOL