Slide 1: Financial Results Briefing for First Three Quarters of FY 2022
MAX Co., Ltd. Financial Results Briefing for First Three Quarters of FY 2022 Announcement Date: February 1, 2022 Participants Yoshihiro Kaku, Director / Senior Executive Officer Nobuo Suda, General Manager, Investor Relations and Public Relations Dept.
Slide 2: Table of Contents
Table of Contents Group-Wide Financial Results in the First Three Quarters of FY Operating Results Forecast for FY 2022 2022 19. Group-Wide Plan in FY 2022 1. Group-Wide Financial Results in the First Three Quarters of FY 2022 20. Segment Plans in FY 2022 2. Changes in Group-Wide Financial Results i
Slide 3: Group-Wide Financial Results in the First Three Quarters of FY 2022
Group-Wide Financial Results in the First Three Quarters of FY 2022
Slide 4: Group-Wide Financial Results in the First Three Quarters of FY 2022
Group-Wide Financial Results 1 in the First Three Quarters of FY 2022 ■ Exchange rates (Q1–Q3 FY 2022) 1 USD = 111.00 JPY / 1 EUR = 130.92 JPY (Q1–Q3 FY 2021) 1 USD = 106.14 JPY / 1 EUR = 121.78 JPY (Planned) 1 USD = 110.00 JPY / 1 EUR = 130.00 JPY (unit: millions of yen, %) Results in Results in %
Slide 5: Changes in Group-Wide Financial Results, Q1–Q3 FY 2018 to FY 2022
Changes 2 in Group-Wide Financial Results in the First 2 Three Quarters of FY 2018 to FY 2022 ■ Q1–Q3 FY 2018 ■ Q1–Q3 FY 2019 ■ Q1–Q3 FY 2020 ■ Q1–Q3 FY 2021 ■ Q1–Q3 FY 2022 ― Corresponding ratio (unit: millions of yen, %) 42.7 42.9 41.7 38.7 39.5 11.6 11.7 10.5 10.4 10.9 10.4 10.9 10.0 9.1 54,439 8
Slide 6: Changes in Group-Wide Financial Results by Quarter
Changes 3 in Group-Wide Financial Results Company 3 by Quarter Group-wide net sales (unit: millions of yen, %) Rate of change in Group-wide net sales YOY 28,000 17.8 18.7 25 13.6 20 26,000 15 24,000 2.3 1.6 0.2 10 -3.2 -3.1 -4.8 5 22,000 -15.5 -12.3 0 -5 20,000 18,357 18,917 -10 -15 18,000 17,249 17
Slide 7: Factors for Increase/Decrease of Operating Income
Factors 2 for Increase/Decrease of Operating Income 4 (unit: millions of yen) Effect of exchange rates +¥226 million +¥841 million 475 866 3,395 2,390 5,683 1,271 1,045 Foreign Foreign Increase Increase exchange exchange Quantity Increase in 4,842 gain/loss gain/loss increase in selling in cost SG&A
Slide 8: Other Financial Information
Other 5 Financial Information 5 ■ Non-operating income/expenses and extraordinary income/loss (unit: millions of yen) Q1–Q3 FY 2022 Q1–Q3 FY 2021 YOY Non-operating 253 -187 +441 income/expenses Non-operating income (excluding foreign exchange 321 271 +49 effect) Non-operating expenses (excluding for
Slide 9: Strategic Investment for Mid- and Long-Term Business Growth
Strategic Investment for Mid- and Long-Term Business Growth 6 Priority Policy Contribute to business growth by expanding priority businesses and actively investing in the creation of new businesses Progress of strategic investment for business growth Cumulative investment amount over 3 years (FY 202
Slide 10: Economic Indicators
Economic Indicators 7 ■ Reference indices Domestic Number of new housing construction starts • Up 4.7% YOY for the period from January to September 2021 As restrictions on economic activity prompted by the （Owner-occupied: +10.2%, Rental: +4.2%, Built-for sale: little changed) COVID-19 pandemic grad
Slide 11: Financial Results for Individual Segments in the First Three Quarters of FY 2022
Financial Results for Individual Segments in the First Three Quarters of FY 2022
Slide 12: Financial Results for Individual Segments in the First Three Quarters of FY 2022
Financial Results for Individual Segments in the First 8 Three Quarters of FY 2022 (unit: millions of yen, %) Results in Q1–Q3 Results in Q1–Q3 % increase/ for FY under Full-year plan Rate of progress of previous FY decrease review Industrial Equipment segment Net sales 38,785 32,375 +19．8 51,000 76
Slide 13: Changes in Segment Results by Quarter
Changes 8 in Segment Results by Quarter 9 ■ Net sales by Industrial Equipment segment ■ Net sales by Office Equipment segment ■ Net sales by HCR Equipment segment － Segment profit rate for Industrial Equipment segment ー Segment profit rate for Office Equipment segment ー Segment profit rate for HCR E
Slide 14: Industrial Equipment Segment: Financial Results for the First Three Quarters of FY 2022
Industrial Equipment Segment: Financial Results for the 10 First Three Quarters of FY 2022 ■ Domestic industrial equipment product operations ■ Overseas industrial equipment product operations ■ Residential environmental equipment operations ー Segment profit rate (unit: millions of yen, %) 13.0 14.9
Slide 15: Industrial Equipment Segment: Changes in Financial Results by Quarter
Industrial 12 Equipment Segment: Changes in Financial 11 Results by Quarter ■ Net sales in the domestic industrial equipment ■ Net sales in the overseas industrial ■ Net sales in the residential product operations equipment product operations environment operations － Rate of change in net sales YOY
Slide 16: Office Equipment Segment: Financial Results for the First Three Quarters of FY 2022
Office Equipment Segment: Financial ３せい Results for the 12 First Three Quarters of FY 2022 ■ Domestic office equipment product operations ■ Overseas office equipment product operations ■ Auto-stapler product operations ー Segment profit rate (unit: millions of yen, %) 22.8 15.6 16.1 16,334 13,503 6,9
Slide 17: Office Equipment Segment: Changes in Financial Results by Quarter
Office 12 Equipment Segment: Changes in Financial 13 Results by Quarter ■ Net sales in the domestic office equipment ■ Net sales in the overseas office ■ Net sales in the auto-stapler product operations product operations equipment product operations － Rate of change in net sales YOY for Office Equi
Slide 18: HCR Equipment Segment: Financial Results for the First Three Quarters of FY 2022
HCR Equipment Segment: Financial Results for the 14 First Three Quarters of FY 2022 ■ Net sales by HCR Equipment segment ー Segment profit rate (unit: millions of yen, %) 0.9 -2.7 -7.3 2,112 2,150 1,947 Functionally sophisticated wheelchairs: Multifunction wheelchairs: WAVITRoo Modern Series FY 2020
Slide 19: HCR Equipment Segment: Changes in Financial Results by Quarter
HCR12 Equipment Segment: Changes in Financial Results 15 by Quarter ■ Net sales by HCR Equipment segment － Rate of change in net sales YOY for HCR Equipment segment (unit: millions of yen, %) 1600 30.0 25.0 17.2 13.5 20.0 1400 11.5 15.0 6.8 3.1 3.9 10.0 0.6 5.0 1200 -2.4 0.0 -7.0 -8.7 -5.0 1000 -15.
Slide 20: Changes in Quarterly Net Sales by Overseas Region
Changes 12 in Quarterly Net Sales by Overseas Region 16 ■ Net sales in North America ■ Net sales in Europe ■ Net sales in Asia ー Total overseas net sales (rate of change YOY) 38.5 (unit: millions of yen, %) 35.6 34.5 10,000 10.3 4.1 5.6 -1.8 1.1 -1.8 -4.1 8,006 8,000 -16.4 7,217 7,372 1,864 6,232 6,
Slide 21: Priority Business: Overview of Rebar Tying Tools Business
Priority 12 Business: Overview of Rebar Tying Tools Business 17 Sales of tools for concrete structures were strong, centered on the rebar tying tools business. • Sales of tools for domestic and overseas concrete structures: ¥17.0 billion (+40.5% year-on-year) • Number of concrete material dealers co
Slide 22: New Germany Office
New 5 Germany Office 18 Establishment of an Office in Düsseldorf, Germany The Company established an office in its most important European market, Germany. The aim of the new office is to boost customer satisfaction by further strengthening sales capabilities and enhancing after-sales service. ■ MAX
Slide 23: Operating Results Forecast for FY 2022
Operating Results Forecast for FY 2022
Slide 24: Group-Wide Plan in FY 2022
Group-Wide Plan in FY 2022 19 ■ Full year forecasted exchange rates FY under review 1 USD = 110.75 JPY / 1 EUR = 130.69 JPY Previous FY 1 USD = 105.79 JPY / 1 EUR = 123.22 JPY (unit: millions of yen, %) Plan for FY % Results in under review increase/ previous FY (Oct. 29, 2021) decrease Net sales 72
Slide 25: Segment Plans in FY 2022
Segment Plans in FY 2022 20 (unit: millions of yen, %) Plan for FY under Results in previous % increase/ review (Oct. 29, 2021) FY decrease Industrial Equipment segment Net sales 51,000 44,300 +15.1 Segment profit 7,630 6,652 +14.7 Segment profit rate 15.0 15.0 Office Equipment segment Net sales 18,
Slide 26: Dividend Policy: Payout Ratio and Dividends to Net Assets Ratio
Dividend 12 Policy: Payout Ratio and Dividends to 21 Net Assets Ratio Based on consolidated financial results, seek to “maintain a minimum of (unit: %) 40% payout ratio with a target ratio of dividends to net assets of 3.0%.” 170 161.3 20.0 160 ― Payout ratio (left axis) 19.0 18.0 150 ― Dividends to
Slide 27: Dividends Policy: Dividends per Share
Dividends 12 21 Policy: Dividends per Share 22 (unit: yen) 60 50 50 48 46 44 42 42 40 39 36 36 36 36 36 36 36 37 35 31 30 26 24 21 22 22 22 22 22 22 22 20 19 10 0 FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY FY 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 200
Slide 28: Reference Materials
Reference Materials
Slide 29: Changes in Quarterly Segment Net Sales by Overseas Region (North America)
Changes 12 in Quarterly Segment Net Sales by Overseas 23 Region (North America) ■ Net sales by Industrial Equipment segment ■ Net sales by Office Equipment ー Rate of change in net sales YOY in North segment America (unit: millions of yen, %) 53.5 4,000 38.0 39.3 20.7 23.7 3,500 4.5 8.6 9.8 9.2 20.0
Slide 30: Changes in Quarterly Segment Net Sales by Overseas Region (Europe)
Changes 12 in Quarterly Segment Net Sales by Overseas 24 Region (Europe) ■ Net sales by Industrial Equipment segment ■ Net sales by Office Equipment ー Rate of change in net sales YOY in segment Europe 63.9 (unit: millions of yen, %) 46.7 3,500 35.4 50.0 18.7 21.0 17.7 3,000 2.0 -3.1 1.5 376 345 353
Slide 31: Changes in Quarterly Segment Net Sales by Overseas Region (Asia Excluding Japan)
Changes 12 in Quarterly Segment Net Sales by Overseas 25 Region (Asia Excluding Japan) ■ Net sales by Industrial Equipment segment ■ Net sales by Office Equipment segment ■ Net sales by HCR Equipment segment ー Rate of change in net sales YOY in Asia (unit: millions of yen, %) 32.1 28.0 3,500 40.0 16
Slide 32: Main Products in Industrial Equipment and Office Equipment Product Operations
Main Products in Industrial Equipment Product 26 Operations and Office Equipment Product Operations Industrial equipment product operations Tools for wooden structures Tools for concrete structures ＡＦ (Agriculture/Food) Nailers TWINTIER rebar Branch induction tying tools binders for horticulture Air
Slide 33: Product Breakdown of Domestic/Overseas Industrial Equipment Product Operations
Product Breakdown of Domestic/Overseas Industrial 27 Equipment Product Operations Product breakdown of Product breakdown of domestic industrial equipment overseas industrial equipment product operations product operations 4% 3% 2% 9% 10 % 9% 21 % 23% 24% 77% 79 % 82 % 70 % 67% 67 % ■ ＡＦ (Agriculture
Slide 34: Product Breakdown of Domestic/Overseas Office Equipment Product Operations
Product Breakdown of Domestic/Overseas 28 Office Equipment Product Operations Product breakdown of Product breakdown of domestic office equipment overseas office equipment product operations product operations 1% 2% 2% 25 % 23 % 23 % 43 % 52% 53 % 41 % 43% 45 % 56 % 46 % 45 % ■ Other 34 % 34 % 32 %
Slide 35: Cautionary note on forward-looking information
The contents listed in this document are based on information currently available to the Company and certain assumptions that are deemed as reasonable. Please be aware that actual future business results, etc., may differ considerably depending on various factors.