Slide 1: Results Briefing for the Nine Months Ended December 31, 2024
Securities ID code: 6859 ESPEC CORP. Results Briefing for the Nine Months Ended December 31, 2024 February 21, 2025 ESPEC CORP.
Slide 2: Financial Result for the Nine Months Ended December 31, 2024
Financial Result for the Nine Months Ended December 31, 2024 Orders received maintained a high level with strong order trends in the Japanese market. Sales and profit increased partly due to increased domestic production capacity. Progressed as planned against full-year forecasts. Comparison with Fo
Slide 3: Summary of Profits and Losses
Summary of Profits and Losses (Millions of yen) FY2023 3Q FY2024 3Q Year on Year Results Results Orders Received 48,190 50,920 +5.7% Net Sales 42,189 46,297 +9.7% Cost of Sales 27,026 29,486 +9.1% Cost Ratio 64.1% 63.7% improved by 0.4 pt Gross Profit 15,163 16,811 +10.9% SG&A 10,951 11,894 +8.6% Op
Slide 4: Performance by Segment
Performance by Segment (Millions of yen) FY2023 3Q FY2024 3Q Year on Year Results Results Orders Received 41,586 43,316 +4.2% Equipment Business Net Sales 36,322 39,923 +9.9% Operating Profit 3,761 4,349 +15.6% Orders Received 5,720 6,424 +12.3% Service Business Net Sales 5,364 5,750 +7.2% Operating
Slide 5: Analysis of Operating Profit Increase and Decrease Factors
Analysis of Operating Profit Increase and Decrease Factors ■ Despite an increase in SG&A, profit increased mainly due to sales growth in the Equipment Business. (Millions of yen) Equipment Business Service Business Other Business 211 59 152 33 1,272 -76 -313 -166 Salaries and allowances -110 -75 -57
Slide 6: Equipment Business
Equipment Business (Millions of yen) FY2023 3Q FY2024 3Q Year on Year Results Results Orders Received 41,586 43,316 +4.2% Net Sales 36,322 39,923 +9.9% Operating Profit 3,761 4,349 +15.6% Profit Ratio (%) 10.4% 10.9% Environmental Test Chambers ■ In Japan, orders received and net sales both increase
Slide 7: Service Business
Service Business (Millions of yen) FY2023 3Q FY2024 3Q Year on Year Results Results Orders Received 5,720 6,424 +12.3% Net Sales 5,364 5,750 +7.2% Operating Profit 542 563 +4.0% Profit Ratio (%) 10.1% 9.8% After-Sales Service and Engineering ■ Orders received and net sales both increased year on yea
Slide 8: Other Business
Other Business (Millions of yen) FY2023 3Q FY2024 3Q Year on Year Results Results Orders Received 1,162 1,554 +33.7% Net Sales 793 929 +17.1% Operating Profit -89 14 - Profit Ratio (%) -11.3% 1.5% Environmental Conservation, Plant Production Systems ■ Orders received and net sales both increased yea
Slide 9: Sales by Market
Sales by Market ■ The automobile market’s sales ratio increased as progress was made on recording sales of products for EVs and batteries. Electronic device and equipment market Non-consolidated (Equipment Business) Automobile market Semiconductor market Research institute market Other markets 100%
Slide 10: Sales by Region
Sales by Region ■ Net sales increased year on year mainly in Japan, while overseas sales increased mainly in North America. FY2023 3Q FY2024 3Q Overseas sales ratio: 58.1% Overseas sales ratio: 55.4% North America & Europe China 9,351 10,897 22.2% 23.5% 17,680 Taiwan 20,639 41.9% 44.6% South Korea 9
Slide 11: Forecasts for FY2024
Forecasts for FY2024 ■ With Q3 results in line with forecast, no change from revised forecast of November 2024. (Millions of yen) FY2023 FY2024 Forecasts Full year 3Q cumulative (Orders received, gross profit and SG&A expenses results results revised in November 2024) 4Q Full year Year on year Order
Slide 12: Segment Financial Forecasts
Segment Financial Forecasts FY2023 FY2024 (Millions of yen) Forecasts Full year 3Q cumulative (Orders received revised in November 2024) results results 4Q Full year Year on year Orders received 53,565 43,316 14,384 57,700 +7.7% Equipment Business Net sales 53,518 39,923 16,077 56,000 +4.6% Operatin
Slide 13: FY2024 Dividend Forecast
FY2024 Dividend Forecast ■ No revision to the FY2024 annual dividend forecast of ¥80, with the dividend payout ratio projected at 33.6%. Dividend per share, dividend payout ratio and total return ratio (forecast) (yen) *2 *3 75 80 80 68 68 69 Interim Year-end *1 70 58 60 60 51 45 50 36 46 46 45 50 4
Slide 14: Basic Policy on Profit Distribution
Basic Policy on Profit Distribution Our basic policy is to determine dividends reflecting sustainability and the consolidated dividend payout ratio. In addition to a dividend payout ratio of 30%, we will add dividends with 1/3 of surplus funds as a baseline. While reflecting a necessary level of int
Slide 15: Main Initiatives in FY2024
Main Initiatives in FY2024 Equipment Business ・ Increase production capacity in Japan (increase personnel, expand production space, utilize outsourcing). ・ Expand lineup of high-value-added products. Service Business After-Sales Service: Expand preventative maintenance services through “super suppor
Slide 16: Main Initiatives for ESG in FY2024
Main Initiatives for ESG in FY2024 ■E (Environment) ・Promote the 8th Medium-term Plan on the Environment (FY2022-2025) ・Global warming countermeasure: Change to low GWP refrigerant, Reduce CO2 emissions in business activities such as manufacturing ・Biodiversity conservation activities: Contributions
Slide 17: TOPICS: Start Service at Aichi Next Generation Mobility Test Lab
TOPICS 1 Start Service at “Aichi Next Generation Mobility Test Lab” Addressing Testing Demand for Automotive Rechargeable Batteries and EV and Automation Modules ■Aichi xEV Battery Safety Test & Certification Center ■Toyota Test Center ・Opened in February 2025 as one of Japan’s largest ・Scheduled to
Slide 18: TOPICS: Launch of Platinous J Series ECO Type and COSMOPIA chamber
TOPICS 2 Launch of Platinous J Series ECO Type, COSMOPIA HIGHTECH CORP. launched a low temperature (& humidity) chambers rapid-rate thermal cycle chamber featuring a low featuring a low GWP refrigerant GWP refrigerant for the first time in Japan ・ In November 2024, launched the ECO Type in the ・ In
Slide 19: External Recognition
External Recognition ■ ESG-related recognition ・Included in the ESG index “FTSE Blossom Japan Sector Relative Index” ・Rated “B score” for the fifth consecutive year in the CDP Climate Change program, and “B- score” for Water Security Selected as “Supplier Engagement Leader” for two consecutive years
Slide 20: Forward-looking statements and inquiries
These materials contain forward-looking statements, including the Company’s present plans and forecasts of performance that reflect the Company’s plans and forecasts based on the information presently available. These forward-looking statements are not guarantees of future performance, and plans, fo
Slide 21: Quality is more than a word
Quality is more than a word ESOEC ESPEC CORP.