Keyence Corporation · TSE:6861
Keyence — Q2 FY2024 Earnings Presentation
15 slides from Keyence's earnings presentation, Oct 29, 2024
Slide 1: Second Quarter of FY2024 Financial Results Materials
Second Quarter of FY2024 Financial Results Materials October 29, 2024 KEYENCE CORPORATION
Slide 2: Contents
Contents Financial Summary 1. Consolidated Financial Results 2. By Geographical Area 3. By Domestic Industry(Japan) 4. R&D expenditure and Others 5. Exchange Rate Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between
Slide 3: Consolidated Financial Results for FY2024 <1H>
Consolidated Financial Results for FY2024 <1H> (100 million yen) FY2023 FY2024 Y/Y 1H 1H Net sales 4,661 5,156 +10.6% Operating income 2,377 2,640 +11.1% Income before income taxes 2,539 2,657 +4.7% Net income attributable to owners of the parent 1,790 1,897 +6.0% Copyright© 2024 KEYENCE CORPORATION
Slide 4: Consolidated Financial Results for FY2024 <2Q>
Consolidated Financial Results for FY2024 <2Q> (100 million yen) FY2023 FY2024 Y/Y 2Q 2Q Net sales 2,438 2,683 +10.1% Operating income 1,264 1,406 +11.2% Income before income taxes 1,331 1,343 +0.9% Net income attributable to owners of the parent 939 962 +2.4% Copyright© 2024 KEYENCE CORPORATION. Al
Slide 5: Consolidated Financial Results <Quarterly Results>
Consolidated Financial Results <Quarterly Results> (100 million yen) FY2023 FY2023 FY2023 FY2024 FY2024 Q/Q Y/Y 2Q 3Q 4Q 1Q 2Q Net sales 2,438 2,411 2,601 2,472 2,683 +8.5% +10.1% Gross profit 2,021 2,010 2,177 2,074 2,259 +8.9% +11.7% Gross margin 82.9% 83.4% 83.7% 83.9% 84.2% +0.3P +1.3P Selling,
Slide 6: FY2024 1H by Geographical Area (Y/Y)
FY2024 1H by Geographical Area (Y/Y) FY2023 1H FY2024 1H Actual Local Currency Base Actual Local Currency Base Japan △0.0% - +7.5% - Overseas +8.0% +2.1% +12.3% +2.8% Americas +16.8% +7.3% +15.5% +4.6% Asia △4.8% △6.2% +12.3% +4.3% Europe & Others +22.1% +11.1% +7.8% △2.3% Copyright© 2024 KEYENCE CO
Slide 7: FY2024 2Q by Geographical Area (Y/Y)
FY2024 2Q by Geographical Area (Y/Y) FY2023 2Ｑ FY2024 2Ｑ Actual Local Currency Base Actual Local Currency Base Japan △3.0% - +10.2% - Overseas △3.4% △8.4% +10.0% +3.0% Americas +16.1% +7.5% +11.2% +4.2% Asia △25.2% △26.2% +12.9% +6.2% Europe & Others +23.1% +10.4% +3.4% △4.0% Copyright© 2024 KEYENCE
Slide 8: Sales Growth by Geographical Area <Local Currency Base>
Sales Growth by Geographical Area <Local Currency Base> FY2023 FY2023 FY2023 FY2024 FY2024 2Q 3Q 4Q 1Q 2Q Japan △3.0％ △2.5％ △1.4％ +4.5％ +10.2％ Overseas △8.4％ △1.1％ +3.5％ +2.6％ +3.0％ Americas +7.5％ +2.8％ +6.3％ +5.0％ +4.2％ Asia △26.2％ △8.2％ +1.9％ +2.4％ +6.2％ Europe & Others +10.4％ +5.3％ +2.1％ △0.4％ △4
Slide 9: FY2024 2Q by Geographical Area (% of Sales)
FY2024 2Q by Geographical Area (% of Sales) FY2023 FY2024 2Q 2Q Japan 36.3% 36.3％ Overseas 63.7% 63.7％ Americas 36.2% 36.7％ Asia 39.1% 40.2％ Europe & Others 24.6% 23.2％ *Composition ratio of Americas, Asia, Europe & Others is the composition ratio of overseas sales Copyright© 2024 KEYENCE CORPORATIO
Slide 10: % of Sales by Geographical Area (1H)
% of Sales by Geographical Area （1H） FY2020 FY2021 FY2022 FY2023 FY2024 1H 1H 1H 1H 1H Japan 44.2% 40.4% 37.4% 35.6% 34.6％ Overseas 55.8% 59.6% 62.6% 64.4% 65.4％ Americas 30.6% 30.4% 32.4% 35.1% 36.1％ Asia 49.5% 48.5% 46.2% 40.8% 40.7％ Europe & Others 19.9% 21.1% 21.4% 24.2% 23.2％ Copyright© 2024 KE
Slide 11: Sales Growth by Domestic Industry (Y/Y)
Sales Growth by Domestic Industry (Y/Y) *5% increments FY2023 FY2023 FY2024 1H 2H 1H Semiconductors & Liquid Crystals △10% △5% 0% Electronics and precision △10% △15% 0% Automotive & Transportation 0% 0% +20% Metal & Machine Tools +5% △5% 0% Food & Pharmaceuticals +5% +5% +15% Other +5% 0% +10% Copyr
Slide 12: % of Sales by Domestic industry
% of Sales by Domestic industry *5% increments FY2023 FY2023 FY2024 1H 2H 1H Semiconductors & Liquid Crystals 10% 10% 10% Electronics and precision 15% 15% 15% Automotive & Transportation 25% 25% 25% Metal & Machine Tools 10% 10% 10% Food & Pharmaceuticals 10% 10% 10% Other 30% 30% 30% Copyright© 20
Slide 13: R&D expenditure and Others
R&D expenditure and Others (100 million yen) FY2023 FY2023 FY2023 FY2024 FY2024 2Q 3Q 4Q 1Q 2Q R&D expenditure 60 64 68 71 76 Capital expenditures 33 35 31 31 42 Depreciation & amortization 32 36 41 37 41 Copyright© 2024 KEYENCE CORPORATION. All rights reserved 13
Slide 14: Exchange Rate
Exchange Rate FY2023 FY2024 FY2023 FY2024 Average exchange rate 2Ｑ 2Ｑ 1H 1H USD / JPY 142 154 139 154 EUR / JPY 156 168 151 167 CNY / JPY 19.8 21.3 19.6 21.2 ＜Foreign exchange impact（FY2024-1H）＞ ＜Exchange sensitivity＞ Sales ：approximately +286 (100 million yen) Impact on operating income（FY2024） Ope
Slide 15: KEYENCE
KEYENCE