Unipres Corporation · TSE:5949
Unipres — FY2024 Earnings Presentation
50 slides from Unipres's earnings presentation, May 27, 2025
Slide 1: Financial Results of FY2024
Financial Results of FY2024 May 27, 2025 © UNIPRES CORPORATION, All Rights Reserved.
Slide 2: Agenda
2 1. Full-year Results for Fiscal Year 2024 2. Forecast of Fiscal Year 2025 3. FY2025-2027 Mid-term Management Polices
Slide 3: 1. Full-year Results for Fiscal Year 2024
3 1. Full-year Results for Fiscal Year 2024
Slide 4: Fiscal Year 2024 Financial Highlights
Fiscal Year 2024 Financial Highlights 4 Net sales decreased to 330.0 billion yen due to the customers’ production decrease in spite of the positive exchange rate. Operating profit increased to 12.1 billion yen due to the cost saving and other factors. Net income attributable to owners of parent was
Slide 5: Consolidated Financial Results for FY2024
Consolidated Financial Results for FY2024 5 Net sales decreased by 5.0 billion yen (-1.5%) year-over-year. Operating profit increased by 1.2 billion yen (+11.0%) year-over-year. 20 400 Operating profit (billion yen) Net Sales (billion yen Net sales 335.0 330.0 304.4 10 200 Operating profit 10.9
Slide 6: Consolidated Sales by Product Group
Consolidated Sales by Product Group 6 (billion yen) FY2023 FY2024 Variance Variance % Sales % Sales % Car body press 293.3 87.5% 290.2 87.9% -3.1 +0.4% products Precision 36.1 10.8% 33.8 10.2% -2.3 -0.6% products Plastic 3.9 1.2% 4.1 1.3% +0.2 +0.1% products Other 1.7 0.5% 1.9 0.6% +0.2 +0.1% Total
Slide 7: Consolidated Sales by Customer (Nissan Motor-related products)
Consolidated Sales by Customer（Nissan Motor-related products） 7 Although the sales of Nissan Mexicana increased, the composition ratio declined by 2.9% due to the decrease in sales of Dongfeng Motor Company Limited and Nissan Motor(Japan). (billion yen) FY2023 FY2024 Variance Sales % Sales % Nissa
Slide 8: Consolidated Sales by Customer (Other Customers)
Consolidated Sales by Customer (Other Customers) 8 The composition ratio rose by 2.9% mainly due to the increase of (billion yen) FY2023 FY2024 Honda of America Mfg., Inc., and Renault. Sales % Sales % Variance Other customers Sub-total 75.7 22.6% 84.3 25.5% +2.9% Honda Honda of America Mfg., Inc.
Slide 9: Operating Profit Variance Analysis
9 FY2024 12.1 Production reinforcement:0 4.4 Cost saving 1.0 Others Consolidation -0.2 adjustment 0.3 Forex Operating Profit Variance Analysis Initial cost -0.4 for new car model parts 0.3 SG&A Depreciation 1.3 /amortization Volume -5.5 fluctuation & model mix etc. FY2023 10.9 (billion yen) 15 10 5
Slide 10: Sales/Operating Profit by Region (Japan)
Sales/Operating Profit by Region (Japan) 10 Net sales decreased by 8.4% mainly due to the impact of customers’ production decrease. Operating profit decreased by 2.8 billion yen because of the sales decrease. (billion yen) (billion yen) Net sales Operating profit 150 6 first half first half seco
Slide 11: Sales/Operating Profit by Region (The Americas)
Sales/Operating Profit by Region (The Americas) 11 Net sales increased by 12.4% due to the weaker yen exchange rate in spite of the impact of customers' production decease. Operating profit increased by 47.4% due to the efforts of cost saving. (billion yen) (billion yen) （億円） Net sales Operating
Slide 12: Sales/Operating Profit by Region (Europe)
Sales/Operating Profit by Region (Europe) 12 Net sales decreased slightly by 1.7% due to the customers' production cutbacks in spite of Forex impact. Operating profit turned to profitability due to the efforts of cost saving. (billion yen) (billion yen) Net sales Operating profit 60 1 first half
Slide 13: Sales/Operating Profit by Region (Asia)
Sales/Operating Profit by Region (Asia) 13 Net sales decreased by 15.8% due to the customers' production cutbacks in spite of Forex impact. Operating loss was 3.4 billion yen as a result of the significant decline in volume fluctuation. (billion yen) (billion yen) Net sales Operating profit 100
Slide 14: Capital Investment
Capital Investment 14 Capital investment increased by 2.9 billion yen from the previous year. (7.2 billion yen decreased compared to the plan) (billion yen) 20 FY2022 FY2023 FY2024 Domestic business result Overseas business result 15 13.1 10.1 10.2 4.8 10 8.8 3.2 4.1 6.5 6.6 0.8 4.2 5 2.7 4.3 3.6
Slide 15: Capital Investment & Depreciation/Amortization
Capital Investment & Depreciation/Amortization 15 Depreciation/Amortization decreased by 1.3 billion yen from the previous year. (0.4 billion yen increased compared to the plan) (billion yen) 30 Capital investment Depreciation /amortization 20 23.6 25.2 23.9 10 13.1 10.1 10.2 0 FY2022 FY2023 FY202
Slide 16: Cash Flows
Cash Flows 16 16.1 billion yen of free cash flow secured. (billion yen) 50 FY2022 FY2023 FY2024 Cash flow from operating activities 40 Cash flow from investing activities Free cash flow 30 20 10 0 -10 1st half 2nd half full year 1st half 2nd half full year 1st half 2nd half full year
Slide 17: Interest-bearing Debt & Net Interest-bearing Debt Balance
Interest-bearing Debt & Net Interest-bearing Debt Balance 17 Interest-bearing debts decreased by 11.7 billion yen on a year-on-year basis. Net interest-bearing debts including cash and deposits became 5.8 billion yen. (billion yen) 100 Long-term loans payable Short-term loans payable Interest-be
Slide 18: Equity to Total Assets
Equity to Total Assets 18 The ratio of equity to total assets decreased by 0.9% to 44.8% compare to the previous year. （％） 100 80 60 45.7 44.8 40.9 40.6 42.5 40 20 0 End-March, End-March, End-March, End-March, End-March, 2021 2022 2023 2024 2025
Slide 19: Dividends
Dividends 19 Dividend per share of FY2024 increased to 60 yen. （yen/share） 70 Dividends at year-end 60 Dividends at end of 2nd quarter 60 50 30 40 35 30 20 20 20 10 30 10 10 10 15 10 10 10 0 FY2020 FY2021 FY2022 FY2023 FY2024
Slide 20: Forecast of Fiscal Year 2025
20 Forecast of Fiscal Year 2025
Slide 21: Forecast of Fiscal Year 2025
Forecast of Fiscal Year 2025 21 １. Net sales is forecast to decrease as the impact of customers’ production decrease and the stronger yen. ２. Operate income is forecast to decrease due to the drop of net sales in spite of decrease in depreciation /amortization and effect of cost saving.
Slide 22: Consolidated Business Forecast for FY2025
Consolidated Business Forecast for FY2025 22 20 400 Net Sales (billion yen Operating profit (billion yen) 335.0 Net sales 330.0 275.0 300 Operating profit 10 200 ） 10.9 12.1 100 8.0 0 0 FY2023 FY2024（A） FY2025（B） （B）-（A） Net sales 335.0 330.0 275.0 -55.0 Operating profit 10.9 12.1 8.0 -4.1 Ordinary
Slide 23: Consolidated Sales by Product Group
Consolidated Sales by Product Group 23 (billion yen) FY2024 FY2025 Variance Variance % Sales % Sales % Car body press 290.2 87.9% 244.8 89.0% -45.4 +1.1% products Precision 33.8 10.2% 24.7 9.0% -9.1 -1.2% products Plastic 4.1 1.3% 4.0 1.4% -0.1 +0.1% products Other 1.9 0.6% 1.5 0.6% -0.4 0.0% Total
Slide 24: Forecast of Operating Profit Variance Analysis
Forecast of Operating Profit Variance Analysis 24 (billion yen) 15 Production reinforcement:0 75 10 27 12.1 -13.9 1.3 -0.2 3.0 5 -2.0 0.3 8.0 7.4 0 -5 model mix etc. fluctuation & Volume parts new car model Initial cost for SG&A Forex Cost saving adjustment Consolidation amortization Depreciation/ F
Slide 25: Sales/Operating Profit by Region (Japan)
Sales/Operating Profit by Region (Japan) 25 Net sales is forecast to be lower due to customers’ productions reduction. Operating profit is forecast to decrease due to sales decrease in spite of cost saving. (billion yen) (billion yen) Net sales Operating profit 150 4 3 2 100 3.5 1 0.7 0 113.6 10
Slide 26: Sales/Operating Profit by Region (the Americas)
Sales/Operating Profit by Region (the Americas) 26 Net sales is forecast to decrease due to customers’ production decreased and stronger yen. Operating profit is forecast to decline due to the sales decrease. (billion yen) (billion yen) Net sales Operating profit 150 15 100 10 14.3 131.4 116.9 1
Slide 27: Sales/Operating Profit by Region (Europe)
Sales/Operating Profit by Region (Europe) 27 Net sales is forecast to decrease due to customers’ production decreased and stronger yen. Despite the decline in net sales, operating profit is projected to be the same level as the previous year due to cost saving. (billion yen) (billion yen) 60 Net
Slide 28: Sales/Operating Profit by Region (Asia)
Sales/Operating Profit by Region (Asia) 28 Net sales is forecast to decrease due to customers’ production decreased and stronger yen. Despite the decline in net sales, operating profit is projected to be significantly improved due to the decrease in depreciation /amortization. (billion yen) (bil
Slide 29: Capital investment & Depreciation/Amortization plan
Capital investment & Depreciation /Amortization plan 29 1.7 billion yen increase from the previous year is planned in capital investment. Depreciation / amortization is projected to decrease by 7.4 billion yen. (billion yen) (billion yen) Capital investment Depreciation / amortization 30 30 20 2
Slide 30: Dividends
Dividends 30 The annual dividend per share for FY2025 is projected to be 60 yen. （yen/share） 70 Dividends at year-end Dividends at end of 2nd quarter 60 60 60 50 30 30 40 35 30 20 20 20 10 10 30 30 10 15 10 10 0 FY2021 FY2022 FY2023 FY2024 FY2025 (plan)
Slide 31: FY2025-2027 Medium-term Management Policies
31 FY2025-2027 Medium-term Management Policies: Action to Implement Management that is Conscious of Cost of Capital and Stock Price
Slide 32: Introduction: Establishment of FY2025-2027 Medium-term Management Policies
Introduction 32 Establishment of FY2025-2027 Medium-term Management Policies Unipres faces a rapidly changing external environment, with significantly increased uncertainties. Factors including the risk of US tariffs, intensified competition from Chinese auto manufacturers, etc., and policy changes
Slide 33: 1. Analysis of the current situation
33 1. Analysis of the current situation 2. Policies and targets 3. Measures to be undertaken
Slide 34: 1. Analysis of the current situation
34 1. Analysis of the current situation 2. Policies and targets 3. Measures to be undertaken
Slide 35: Changes of ROE, ROIC, and PBR
Changes of ROE, ROIC, and ROE 35 Sluggish revenue growth due to sharp deceleration of China business, despite steady recovery from the COVID-19 pandemic The challenge is to strengthen the revenue capacity as growth in production units is uncertain ROE ROIC ROE ROIC※ PBR FY2025-FY2027 Plan Vision
Slide 36: The Relationship Between Shareholders' Equity Cost and ROE
The Relationship Between Shareholders' Equity Cost and ROE 36 Efforts to achieve ROE that exceeds the cost of shareholders' equity must be strengthened ROE 10.0% Shareholders' equity cost ７％～８％ 5.0% 1.9% 3.7% 0.0% -6.6% -5.0% -13.9% -14.7% -10.0% -15.0% FY2020 FY2021 FY2022 FY2023 FY2024
Slide 37: 2. Policies and targets
37 1. Analysis of the current situation 2. Policies and targets 3. Measures to be undertaken
Slide 38: Current Environment and Issues to be Addressed
Current Environment and Issues to be Addressed 38 Current environment FY2025 FY2026 onwards Changes in auto Structural reform manufacturer trends Increased new players, Build optimal including Chinese OEMs production system Intensified price competition Uncertainties of EV trend Smartification
Slide 39: Unwavering Focus on Corporate/Shareholder Value Maximization
Unwavering Focus on Corporate/ Shareholder Value Maximization 39 In addition to business and financial aspects, strengthen initiatives targeting different stakeholders Improvement of PBR Enhancement of ROE Improvement of PER Business strategies Enhancement of shareholder returns Build optimal prod
Slide 40: FY2025-2027 Medium-term Management Policies Quantitative Target
FY2025-2027 Medi-term Management Policies Quantitative Target 40 450 FY2024 FY2025 FY2026 FY2027 Vision （result） 25 400 14.5 16.5 Net sales 12.1 Operating 8.0 profit Net sales 350 （billion yen） 300 Operating 3,360 (5) profit 250 330.0 2,544 275.0 290.0 200 270.0 150 (35) Net -21.0 2.5 9.5 11.0 incom
Slide 41: 3. Measures to be undertaken
41 1. Analysis of the current situation 2. Policies and targets 3. Measures to be undertaken
Slide 42: Business strategies
Business Shareholder return Strategies enhancement Business strategies Financial strategies Growth expectations 42 Structural reform Smartification Growth strategy Build optimal Improve cost Enhance/accelerate production system competitiveness strategic technology development Fundamental review Stre
Slide 43: Financial strategies: Revenue Structure and Equity Capital
Revenue Structure Enhancement and Business Strategies Shareholder return enhancement Appropriate Level of Equity Capital Financial strategies Growth expectations 43 Resilient revenue structure that can Optimal equity capital for the business withstand changes in production volume structure 0.5 1.1 b
Slide 44: Enhancement of shareholder returns
Shareholder return Business Strategies enhancement Enhancement of shareholder returns Financial strategies Growth expectations 44 Continue to use DOE as an indicator for dividends, targeting over 2% for now and aiming at 3% in medium-term Maintain appropriate level of equity capital and flexibly
Slide 45: Achieve Sustainability Management
Shareholder return Business Strategies Achieve Sustainability Management enhancement Financial strategies Growth expectations 45 Aiming to create social values in addition to economic values, we are committed to well-being, ESG initiatives, and carbon neutrality ESG Carbon Well-being initiatives neu
Slide 46: Improve Dialogue with Investors
Shareholder return Business Strategies enhancement Improve Dialogue with Investors Financial strategies Growth expectations 46 In addition to proactive dialogue with shareholders/investors, enhance communication including with renewal of IR website and participating in exhibitions FY2024 Initiatives
Slide 47: Improve Dialogue with Investors
Shareholder return Business Strategies enhancement Improve Dialogue with Investors Financial strategies Growth expectations 47 Exhibited at the Automotive World 2025, the world's leading exhibition for advanced automotive technologies Mainly exhibited parts that contribute to reducing vehicle we
Slide 48: IR News Mail
IR News Mail Unipres IR News Mail is an email service that offers you the latest information about Unipres. Please subscribe to our IR News Mail. Phone PC Scan two Click the banner on the top page of Unipres website dimensional code to subscribe
Slide 49: Exchange rate Reference
Exchange rate Reference 49 (yen) FY2023 FY2024 Preconditions of FY2024 Average for Average for forecast the period term end the period term end US $ 145.31 151.40 152.60 149.53 135.00 STG ￡ 176.22 180.66 194.72 198.91 180.00 EURO 153.14 157.09 164.38 164.86 150.00 MEX $ 8.04 8.35 8.26 7.77 6.75 RMB
Slide 50: Precautions for treatment of material
Precautions for treatment of material 50 The future outlook of the Company mentioned in this presentation material was prepared based on information available to the Company that point in time. This is absolutely an expectation about the future at this point in time, which contains risks and uncerta