Abalance Corp · TSE:3856
Abalance — Q1 FY06/25 Earnings Presentation
23 slides from Abalance's earnings presentation, Nov 1, 2024
Slide 1: Financial Results Presentation for 1Q FY06/25
Financial Results Presentation for 1Q FY06/25 Abalance Corporation （TSE Standard: 3856）
Slide 2: Contents
Contents １ Executive Summary ２ Overview of Q1 Consolidated Financial Results ３ Performance Forecast for FY06/25 ４ Business Division Action Plans ５ Appendix 2
Slide 3: Executive Summary
: tive Summary Execu m | *
Slide 4: Executive Summary
Executive Summary ■Both net sales and profits decreased year on year due to changes in the competitive environment in the US market ・Sales decreased due to difficulties in exporting from Vietnam ■Restructuring of global strategy ・Stable supply of cells by the subsidiary TOYO’s plant construction in
Slide 5: Milestone in Expansion into the US Market
Milestone in Expansion into the US Market August 2023 NASDAQ listing plan announced July 2024 TOYO Co., Ltd. listed on NASDAQ July 2024 TOYO Holdings LLC established August 2024 NASDAQ listing ceremony Establish a stable business foundation by building a supply system in the US market 5
Slide 6: Overview of Financial Results for 1Q FY06/25
Overview of Financial Results for 1Q FY06/25 Changes in the business environment in the US market Both net sales and profits decreased year on year
Slide 7: Financial Results for 1Q FY06/25
Financial Results for 1Q FY06/25 ■ Net sales down 36.1 billion yen and operating profit down 3.4 billion yen, mainly due to a decrease in sales to the US market ■ Ordinary profit down 4.1 billion yen (decreasing factor: foreign exchange losses 0.8 billion yen) ■ Profit down 2.3 billion yen (decreasi
Slide 8: Financial Results for 1Q FY06/25 (By Segment)
Financial Results for 1Q FY06/25 (By Segment) FY06/24 FY06/25 1Q Actual 1Q Actual Y/Y change (Unit: billion yen） Amount % Net sales 57.7 21.7 (36.1) (63)% Solar Panel 55.5 19.7 (35.8) (65)% Manufacturing Business Green Energy Business 2.1 1.8 (0.3) (13)% Other（Note） 0.2 0.2 (0.0) (4)% Segment Profit
Slide 9: Quarterly Sales and Operating Profit
Quarterly Sales and Operating Profit （Unit: billion yen） 60 〈Net Sales〉 40 20 0 22/1Q 2Q 3Q 4Q 23/1Q 2Q 3Q 4Q 24/1Q 2Q 3Q 4Q 25/1Q 17.6% 10 20% 〈Operating profit / Operating profit margin〉 8 15% 6 10.6% 8.4% 8.1% 8.5% 10% 4 6.3% 6.8% 3.6% 2.7% 2.9% 5% 2 6.2% 1.1% 0.7% 0 0% 22/1Q 2Q 3Q 4Q 23/1Q 2Q 3Q
Slide 10: Performance Forecast for FY06/25
Performance Forecast for FY06/25 Restructuring of global strategy Both net sales and profits will decrease year on year
Slide 11: Performance Forecast for FY06/25
Performance Forecast for FY06/25 ■ Both net sales and profits will decrease year on year mainly due to drop in prices in global markets and a decrease in sales to the US market ■ Promote diversification of sales destinations to cover European and Asian markets, including India, while focusing on the
Slide 12: Improving Corporate Value by Realizing Growth Strategy
Improving Corporate Value by Realizing Growth Strategy Establishment of a tripolar global supply chain system Start of cell production in Ethiopia Establishment of a stable business foundation for Green Energy Business
Slide 13: Global Growth Strategy for Solar Panel Manufacturing Business
Global Growth Strategy for Solar Panel Manufacturing Business Promote growth strategy by building global supply chain Establishment of a tripolar (Asia, America, and Africa) supply system Area Asia (VSUN) America (TOYO) Africa (TOYO) Current Panels, ingots, wafers Cells (Vietnam)* Cells (Ethiopia) b
Slide 14: New Ethiopia Project
〈New〉Ethiopia Project ■Location：Federal Democratic Republic of Ethiopia ■Production Capacity：Solar cell 2GW（year） Summary ■Planned investment amount：approximately 9.0 billion yen （production facilities） ■Land・Building：Lease agreement ■Scheduled completion：Around March 2025 (start of production) ■Rea
Slide 15: Green Energy Business
Green Energy Business Improve business value by establishing a stable business foundation Development of growth strategy in response to the growth stage of the solar power market in Japan Maintain (one-time revenue) Enhance (recurring revenue) Growth (new businesses) ■ Company ownership of solar pow
Slide 16: Strengthening of Governance System
Strengthening of Governance System ■Details: Establishment of advisory committees to the Board of Directors ■Purpose: To strengthen risk management and promotion of compliance Risk Compliance Committee Internal Control Committee Purpose To strengthen risk management system To realize reliable financ
Slide 17: APPENDIX
APPENDIX 17
Slide 18: Changes in the Environment for Solar Panel Manufacturing Business
Changes in the Environment for Solar Panel Manufacturing Business Reinforce competitiveness through global strategy restructuring 〈Global supply-demand 〈US customs policies〉 〈US industrial policies〉 environment〉 ■ Anti-dumping duties ■ Republican administration ■ Capacity expansion of the Chinese ■
Slide 19: Net sales, Operating profit, Ordinary profit, Profit (Consolidated)
Net sales（Consolidated） Operating profit（Consolidated） （Unit: billion yen） （ Unit: billion yen ） 250 25 200 20 150 15 （forecast） （forecast） 100 10 50 5 0 0 FY06/21 FY06/22 FY06/23 FY06/24 FY06/25 FY06/21 FY06/22 FY06/23 FY06/24 FY06/25 Ordinary profit（Consolidated） Profit attributable to owners of p
Slide 20: Solar Panel Manufacturing Business / Green Energy Business
（Unit: billion yen） Solar Panel Manufacturing Business 60 20% 15% 40 10% 20 5% 0 0% 23/1Q 2Q 3Q 4Q 24/1Q 2Q 3Q 4Q 25/1Q Net sales Segment Profit Margin（％） （ Unit: billion yen ） Green Energy Business 2.5 2.0 1.5 1.0 0.5 0.0 (0.5) 23/1Q 2Q 3Q 4Q 24/1Q 2Q 3Q 4Q 25/1Q Net sales Segment Profit 20
Slide 21: Abalance Group Summary
Abalance Group Summary Trade Name Abalance Corporation Address Tennozu First Tower 16F 2-2-4 Higashishinagawa, Shinagawa-ku, Tokyo Establishment April 17, 2000 Capital 2,518 million yen President & Representative Director Okada Ryusuke Stock Listing Tokyo Stock Exchange (Standard Market: 3856) Emplo
Slide 22: Disclaimer
Disclaimer The future outlook and estimated figures presented in this material are based on information available to our company at the time of its creation, as well as facts we recognized and results from our subsequent analyses, evaluations and calculations. While we have considered past confi
Slide 23: Excellent Creative Company
Excellent Creative Company Abalance Corporation 23