Asahi Yukizai Corporation · TSE:4216
Asahi Yukizai — FY2023 Earnings Presentation
39 slides from Asahi Yukizai's earnings presentation, May 27, 2024
Slide 1: Presentation of Financial Results for the Fiscal Year Ended March 31, 2024
Presentation of Financial Results for the Fiscal Year Ended March 31, 2024 May 27, 2024 ASAHI YUKIZAI CORPORATION Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 2: Contents
Contents 1 Business Overview 4 Forecast for FY2024 • Forecast of Company-wide Results 2 Summary • Forecast of Results by Segment • Summary • Valve & Piping Systems Divisions in FY2024 • Company-wide Results • Resin Divisions in FY2024 • • Trends of Results in the U.S. and China • Water Treatment & N
Slide 3: Business Overview
Business Overview Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 4: Business Overview
Business Overview Asahi Yukizai Group's Three Business Segments Water Treatment & Natural Valve & Piping Systems Divisions Resources Development Divisions Net sales: 57.5 billion yen Net sales: 7.7 billion yen Operating profit: 13.7 billion yen Operating profit: 0.5 billion yen 9% TM FY2023 Net sale
Slide 5: Summary
Summary Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 6: Summary
Summary FY2023: Record-high Sales and Operating Profit • Net sales: 87.4 billion yen Operating profit: 15.6 billion yen Net income: 11.4 billion yen FY2024: Forecast to decrease in profit • Net sales: 87 billion yen Operating profit: 12 billion yen • Increase in fixed costs including labor expenses
Slide 7: Company-wide Results
Company-wide Results Net sales (100 million yen) Operating profit (100 million yen) 1,000 200 売上高 Net sales 営業利益 Operating profit 900 874 870 800 156 150 140 600 120 100 400 50 200 0 0 FY2024 FY2025 19年度 FY2019 20年度 FY2020 21年度 FY2021 22年度 FY2022 23年度 FY2023 24年度 Current forecast 25年度 Midterm Busine
Slide 8: Company-wide Results
Company-wide Results Net sales (100 million yen) Operating profit (100 million yen) 1,000 200 売上高 Net sales 営業利益 Operating profit 900 874 870 Operating profit for special demand in the U.S. 800 Operating profit in China 156 140 150 120 600 100 400 50 200 0 0 FY2024 FY2025 19年度 FY2019 20年度 FY2020 21年
Slide 9: Trends of Results in the U.S. and China
Trends of Results in the U.S. and China (100 million yen) Net sales (100 million yen) Operating profit Consolidated U.S. and China Consolidated それ以外 連結合計 アメリカ・中国 U.S. and China 180 それ以外 連結合計 アメリカ・中国 1,000 Total Total 150 800 28% 25% 20% 120 51% 600 14% 35% 90 52% 400 60 22% 200 30 0 0 FY2021 21年度 22
Slide 10: Results of U.S. Operations and Investment in Semiconductor Plants Construction in the U.S.
Results of U.S. Operations and Investment in Semiconductor Plants Construction in the U.S. Performance was driven by the investment in semiconductor plant construction in FY2023, but is expected to decline in FY2024. Investment in semiconductor Net sales / ordinary profit plant construction (million
Slide 11: Financial Results for FY2023
Financial Results for FY2023 Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 12: Company-wide Results
Company-wide Results (100 million yen) FY2022 results FY2023 results Changes from the previous ROE year Full Amount of 1H 2H 1H 2H Full year change FY2022 FY2023 year 17% 17% Net sales 359 412 771 438 436 874 +103 Operating 53 66 119 83 73 156 +36 ROIC profit Ordinary 58 63 121 86 75 161 +39 FY2022
Slide 13: Results by Segment
Results by Segment FY2023 (100 million yen) FY2022 Results Changes Valve & Net sales 485 575 +89 Piping Operating profit 107 137 +30 Systems Operating profit Divisions ratio 22.0% 23.8% +1.8% Net sales 206 223 +17 Resin Operating profit 8 15 +7 Divisions Operating profit ratio 3.9% 6.9% +3.0% Water
Slide 14: Valve & Piping Systems Divisions -- Full Year
Valve & Piping Systems Divisions -- Full Year Performance was driven by the electronics industry sector, and remained at Basic products the same level as the previous year in other sectors. Dymatrix Affected by the sluggish memory market. products 売上高（億 営業利益（億円） 円） Engineering Received orders prefer
Slide 15: Valve & Piping Systems Divisions: Variation Analysis of Net Sales & Operating Profit
Valve & Piping Systems Divisions: Variation Analysis of Net Sales & Operating Profit for Full Year (100 million yen) (100 million yen) Net Sales +89 Operating profit +30 Net sales Positive factor Negative factor Operating profit Positive factor Negative factor +93 575 +35 137 485 +7 107 +1 -０ -11 -5
Slide 16: Resin Divisions Full year
Resin Divisions Full year Foundry Increase in sales due to implementation of price hikes and promotion of materials switch to high value-added products. Completion of a large project for Randwick Co., Ltd., an insulation Foam materials installation company, and sales increase in raw material systems
Slide 17: Resin Divisions: Variation Analysis of Net Sales & Operating Profit
Resin Divisions: Variation Analysis of Net Sales & Operating Profit for Full Year (100 million yen) (100 million yen) Net Sales +17 Operating profit +7 Net sales Positive factor Negative factor Operating profit Positive factor Negative factor +13 223 +4 +6 15 206 +1 +4 -1 8 -3 FY2022 Foundry Foam El
Slide 18: Water Treatment & Natural Resources Development Divisions Breakdown by Segment
Water Treatment & Natural Resources Development Divisions Breakdown by Segment Full year (100 million yen) (100 million yen) Net Sales -3 Operating profit +0 Net sales Positive factor Negative factor Operating profit Positive factor Negative factor 80 5 5 77 FY2022 Water Natural Environmental Mainte
Slide 19: Water Treatment & Natural Resources Development Divisions Full year
Water Treatment & Natural Resources Development Divisions Full year Net sales (100 million yen) Operating profit (100 million yen) 100 10 80 8 60 6 40 4 20 2 0 0 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY20222 FY2023 Net sales 55 51 69 73 63 72 68 84 80 77 Operating 3 1 2 2 0 5 2 7 5
Slide 20: Capital Investment, Depreciation, and Overseas Sales
Capital Investment, Depreciation, and Overseas Sales Capital investment and depreciation Overseas sales and overseas sales ratio Net sales (100 million yen) (100 million yen) 60 400 300 50 200 40 100 0 30 20 21 22 23 FY2020 FY2021 FY2022 FY2023 年度 年度 年度 年度 樹脂事業 Resin Divisions 29 45 54 58 20 Valve &
Slide 21: Financial Statements
Financial Statements P/L (100 million yen) FY2022 FY2023 B/S (100 million yen) As of March As of March 31, 2023 31, 2024 Net sales 771 874 Total assets 863 1,014 Cost of sales 474 518 Current assets 557 667 Gross profit 297 357 Inventories 190 223 Selling and general Non-current assets 305 347 admin
Slide 22: Forecast for FY2024
Forecast for FY2024 Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 23: Forecast of Company-wide Results
Forecast of Company-wide Results (100 million yen) Changes from ROE FY2023 results FY2024 forecast the previous year Full Amount of 1H 2H year 1H 2H Full year change FY2023 FY2024 17% 11% Net sales 438 436 874 420 450 870 -4 Operating 83 73 156 55 65 120 -36 profit ROIC Ordinary 86 75 161 56 65 121
Slide 24: Forecast of Results by Segment
Forecast of Results by Segment Company-wide total: Decrease in sales and profit Valve & Piping Systems : Decrease in sales and profit Resin / Water Treatment & Natural Resources Development: Increase in sales and profit FY2024 FY2023 (100 million yen) Forecast Changes Valve & Net sales 575 538 -37 P
Slide 25: Valve & Piping Systems Divisions in FY2024
Valve & Piping Systems Divisions in FY2024 Semiconductor-related Demand leveled off in the electronics industry sector. products Demand for manufacturing equipment is expected to recover from the (Basic products, Dymatrix second half of the year. environment products) Business In the domestic steelm
Slide 26: Resin Divisions in FY2024
Resin Divisions in FY2024 Semiconductor-related Gradual recovery in the first half of the year and full recovery in the products second half are expected. environment (Electronics materials) Business Automobile production Expected to remain at the same level as the previous fiscal year (Slight (Foun
Slide 27: Water Treatment & Natural Resources Development Divisions in FY2024
Water Treatment & Natural Resources Development Divisions in FY2024 Water treatment Expected to remain at the same level as the previous fiscal year. environment Business In the geothermal field, several large projects are expected due to the improvement of order environment. Resource development In
Slide 28: Dividends and Stock Price
Dividends and Stock Price Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 29: Dividends
Dividends Interim dividend: 55 yen per share Year-end dividend: 55 yen per share (forecast) Year-end dividend per share (yen) 110 100 Interim dividend per share (yen) 55 70 50 60 50 50 50 45 40 30 35 25 25 25 25 55 15 50 25 25 25 25 30 15 20 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY
Slide 30: Stock Price Trends
Stock Price Trends * Indexed by deeming the stock price of April 3, 2023 as 100 Stock price: Index Trends of stock price and volume 2024/5/23 Volume: shares 180 Stock price 1,000,000 (closing price): 4,620 yen 900,000 160 800,000 700,000 140 600,000 120 500,000 400,000 100 300,000 200,000 80 100,000
Slide 31: Progress of the Midterm Business Plan
Progress of the Midterm Business Plan Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 32: Numerical Targets
Numerical Targets Target values for 2025 Values announced Item on May 2023 Net sales 87 billion yen Operating profit 12 billion yen Operating profit ratio 14% EBITDA 16 billion yen ROE 11% ROIC 9% Target values by segment Operating profit Net sales Operating profit ratio Valve & Piping Systems Divis
Slide 33: Numerical Targets
Numerical Targets Net sales Operating profit / EBITDA (100 million yen) (100 million yen) 1,000 売上高 Operating 営業利益 EBITDA 250 Net sales profit 874 870 900 771 180 800 178 200 647 141 147 600 150 156 87 140 400 119 120 100 200 50 66 0 0 FY2021 FY2022 FY2024 21年度 22年度 FY2023 23年度 24年度 FY2025 25年度 Curr
Slide 34: Sales Trends and Growth Strategies by Segment
Sales Trends and Growth Strategies by Segment Considering overseas market and semiconductors as growth drivers, Net sales (100 million yen) expand the business in Japan by make a real “difference.” 1,200 Valve & piping, etc. 管材その他製品 素形材 materials Foundry 発泡材料 Foam materials Niche Top product group 1
Slide 35: Progress of Investment Strategy
Progress of Investment Strategy Investment Investment plan up to Progress up to FY2023 Progress Specific items planned details FY2025 Resin Divisions Valve & Piping Systems Divisions ・New electronics ・Supply chain reform materials plant ・New Dymatrix plant 6 billion yen Strategic Resin Divisions inv
Slide 36: Topics
Topics Copyright(c) ASAHI YUKIZAI CORPORATION
Slide 37: Resin Divisions -- Developed "BEXUR"
Resin Divisions -- Developed "BEXURTM" ◆ World's top class on-site foaming system (our estimate) Housing Performance Indication System Thermal insulation Insulation material performance grade thickness Decrease in living Characteristics Grade 7 High Thick space • Realized thinning Grade 6 Helpful wi
Slide 38: Electronics Materials Business -- Progress of Plant Construction
Electronics Materials Business -- Progress of Plant Construction Construction of the Electronics Materials 2nd Plant ・Total investment: 6 billion yen ・Use: For advanced semiconductors Legacy semiconductors ・Progress: Nov. 2022 Start of construction July 2024 Completion Preparing for vertical start-
Slide 39: Notes
Notes Forecasts and prospects in this document are based on information available at the time the document was prepared. It does not assure or guarantee the realization of future planned figures or measures. Copyright(c) ASAHI YUKIZAI CORPORATION