Nissha Co.ltd. · TSE:7915
Nissha Co.ltd — Q1 FY2023 Earnings Presentation
15 slides from Nissha Co.ltd's earnings presentation, May 11, 2023
Slide 1: Financial Results for FY2023 Q1
Financial Results for FY2023 Q1 Ended March 31, 2023 May 11, 2023 Junya Suzuki President and CEO Nissha Co., Ltd.
Slide 2: Highlights
Highlights FY2023 Q1 Results ⚫ Tailwinds ⚫ Steady product demand for CDMO, and significant improvement in profitability in Medical Technologies ⚫ Stable demand for mobility in Industrial Materials (Decoration) ⚫ Headwinds ⚫ Demand environment worsened due to settlement of stay at home consumption an
Slide 3: FY2023 Q1 Results
FY2023 Q1 Results (Millions of JPY) 2022Q1 2022Q4 2023Q1 Results Results Results YoY QoQ Net sales 41,412 52,581 42,430 +2.5% -19.3% Industrial Materials 16,785 18,611 17,073 +1.7% -8.3% Devices 15,957 22,717 14,807 -7.2% -34.8% Medical Technologies 6,685 8,976 8,525 +27.5% -5.0% Others 1,983 2,276
Slide 4: Industrial Materials
Industrial Materials ⚫ Decoration for mobility: Remained firm in Japan, US, and EU markets ⚫ Decoration for home appliances and others: Demand declined due to the settlement of stay at home consumption. Net sales trend ■ ■Sustainable Materials (Metallized paper and others) 30,000 by application ■ ■D
Slide 5: New plant begins operations in Germany
Sustainable Materials New plant begins operations in Germany ⚫ Production capacity increase for Sustainable Molded Products* (existing product) ⚫ Investment of 700 million JPY into Nissha Schuster in Germany ⚫ Mass production ongoing for packages (trays for auto-injectors) of a European pharmaceutic
Slide 6: Capital and business alliance with PaperFoam Holding B.V.
Sustainable Materials Capital and business alliance with PaperFoam Holding B.V. (the Netherlands); Equity-method affiliate 30% Overview of PaperFoam Holding B.V. ⚫ Strengthen product lineup for Sustainable Headquarters The Netherland Molded Products (full-line strategy) Production The Netherlands, C
Slide 7: Devices
Devices ⚫ Weak demand for tablet devices and industrial equipment due to the settlement of stay at home consumption and inventory adjustments in supply chain ⚫ Unfavorable change in model mix of tablet devices affected profitability in 2023Q1 Net sales trend ■ ■ Potable game players, Industrial equi
Slide 8: Medical Technologies
Net sales on a local currency basis Medical Technologies （M USD） 63.0 64.4 ⚫ Steady product demand for CDMO (2023Q1 sales decreased compared to 2022Q4 due to the impact of exchange rates.) ⚫ Improving profitability (Progress in improving productivity and efficiency, Product mix improvement) Net sale
Slide 9: Forecast update for FY2023
Forecast update for FY2023 Initial outlook (Feb. 14) Latest outlook Business Application 2023 Forecast (versus 2022) 2023 Forecast (versus 2022) Industrial Decoration Gradual recovery from the Same as the initial forecast Materials (Mobility) impact of supply constraints Decoration Flat demand Weake
Slide 10: FY2023 Forecast by business
FY2023 Forecast by business ⚫ Industrial Materials: Demand recovery in H2, and profitability improvement through productivity improvement ⚫ Devices: Demand recovery in H2, and maintain business structure for increasing demand for tablet devices in the next year ⚫ Medical Technologies: Demand growth
Slide 11: Prospects for medium-term (FY2025) unchanged
Prospects for medium-term (FY2025) unchanged ⚫ No change in business opportunities and in competitive position of us ⚫ Aiming for FY2025 target announced on February 14 Industrial Materials Devices Medical Technologies ■Sustainable Materials ■Decoration (Home ■Others ■Gas sensors ■Mobility ■Business
Slide 12: Partnership agreement for promotion of digital strategy with Shiga University
Partnership agreement for promotion of digital strategy with Shiga University ⚫Purposes for the partnership agreement ⚫ Promotion for process automations and productivity improvements backed with database analysis ⚫ Human resources exchange for digital strategy Digital strategy Shiga University at N
Slide 13: Revision of the forecast
Revision of the forecast (Millions of JPY) Previous Forecast (February 14) Revised Forecast (May 11) FY2023 FY2023 FY2023 FY2023 FY2023 FY2023 Full-year H1 H2 Full-year H1 H2 Forecast Forecast Forecast Forecast Forecast Forecast Net sales 192,000 90,700 101,300 174,500 83,000 91,500 Industrial Mater
Slide 14: (Reference) Capital investment, Depreciation and amortization, M&A investment, R&D (FY2023)
(Reference) Capital investment, Depreciation and amortization, M&A investment, R&D (FY2023) (Millions of JPY) Q1 Results Capital investment 1,817 Depreciation and 2,250 amortization M&A investment 2,611 R&D 1,095 ©2023 Nissha Group 14
Slide 15: Among the information included in this presentation and provided at investor briefings and conferences,
Among the information included in this presentation and provided at investor briefings and conferences, performance targets, plans, outlooks, strategies and other information that is not constituted of actual past facts, is information that has been judged reasonable by the managers of the Company b