Riken Keiki Co., Ltd. · TSE:7734
Riken Keiki — FY2022 Earnings Presentation
20 slides from Riken Keiki's earnings presentation, May 2023
Slide 1: Financial Results Briefing for the Fiscal Year Ended March 2023
Financial Results Brief i ng for t h e F i s c a l Yea r E n d e d M a r c h 2 0 2 3 May, 2023 R I K E N K E I K I C o., L t d . Securities Code:7734 Disclaimer The forecasts and estimates shown in this document are dependent on a variety of assumptions and economic conditions. Plans and figures dep
Slide 2: Management Philosophy and Management Policy
Management Philosophy and Management Policy Management Philosophy We are a pioneer in creating safe working environments for workers. Management Policy RIKEN KEIKI endeavors for its operations to be in full Legal Compliance, to strive for Preservation of the Environment, and to maintain our role of
Slide 3: History
History 1939 1995 2017 Established in 1939 to Listed on the First Section of RKI INSTRUMENTS, INC. commercialize and mass the Tokyo Stock Exchange USA established. FY 2022 Sales produce optical 2009 2018 45 billion interferometric combustible RIKEN KEIKI COMMERCIAL Acquired R K INSTRUMENTS yen gas d
Slide 4: Our Products
Our Products ■Industrial gas detection and alarm equipment ■Percentage of sales by customer Product range of 100 different products industry ●Others Other measurement devices (including machinery, steel, and automobiles) ●Electric & 28.6％ 2.6％ Atmospheric Photoelectron Semiconductor Yield Spectromet
Slide 5: Financial Results
FINANCIAL RESULTS Full year ended March 31, 2023
Slide 6: Summary of Operating Results (FY 2022)
Summary of Operating Results (FY 2022) Sales and profits increased year on year due to strong sales to the semiconductor industry and the lithium-ion battery factory, which exceeded expectations. (Millions of yen) FY2021 FY2022 Full-year Full-year Full-year Achievement Y on Y results results forec
Slide 7: Net Sales and Profit/Loss (Full Year)
Net Sales and Profit/Loss (Full Year) Net sales and operating profit increased in FY 2022. Sales growth due to continued vigorous capital investment in the semiconductor industry and strong sales to overseas markets Increase in profit due to keeping fixed costs and to the impact of exchange ra
Slide 8: Sales by Device Type (Full Year)
Sales by Device Type (Full Year) Steady growth in sales of fixed type due to vigorous capital investment in the semiconductor industry Steady sales of portable type due to strong sales in North America Net sales (Millions of yen) Other Portable type Fixed type 50,000 45,004 1,166 45,000 37,362 (
Slide 9: Sales by Customer Industry (Non-Consolidated)
Sales by Customer Industry (Non-Consolidated) 46.0% for the electrical and semiconductor industries, 10.5% for the petrochemical industry, and 6.4% for the shipping industry Vigorous demand for capital investment by the semiconductor industry increased the sales ratio to the semiconductor indust
Slide 10: Sales Ratio of Products and Maintenance
Sales Ratio of Products and Maintenance (Non-Consolidated) Product sales grew due to vigorous capital investment in the semiconductor industry and strong sales of portable type for North America. Revenue related to maintenance after product sales increased slightly Sales of Products and Maintena
Slide 11: Overseas Sales by Region (Full Year)
Overseas Sales by Region (Full Year) Overseas sales ratio increased due to growth in overseas market, particularly in Asia and North America. Sales for Asian market was strong, particularly for the semiconductor industry and for lithium-ion battery factories. Ratio on sales Net sales by region 4
Slide 12: Cash flows
Cash flows Operating CF decreased due to an increase in inventories and trade receivables. As a topic of financial CF, the US subsidiary was turned into a wholly owned subsidiary by investment. Operating, investing and Operating cash flow Investment CF CF Ending Finance CF CF Ending balance 18,9
Slide 13: Changes in ROE
Changes in ROE ROE rose to 14.5 percentage points due to growth in net income (Unit: %) 16 14.5 14 12 11.4 11.1 9.6 9.5 9.5 10 8.0 8 6 4 2 0 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 13
Slide 14: Total Assets and Net Assets
Total Assets and Net Assets Increase in current assets due to securing necessary inventories in response to difficulties in procuring semiconductor components Maintain safety with high equity ratio Total assets and net Total assets Net assets assets(Unit: Millions Yen) Equity ratio 78.7% 78.8% 7
Slide 15: CAPEX
CAPEX Increased due to integration costs of sales offices and maintenance bases Including construction costs of production center (e.g. construction starts) and acquisition of land for Amagasaki construction Capital expenditures (Millions of yen) Including construction cost of production center (c
Slide 16: Depreciation
Depreciation Depreciation cost was at the similar level as last year Depreciation and amortization (Millions of yen) First half Second half 2200 1,917 2000 1,855 1800 1,529 1600 1,339 974 1400 1,274 937 1200 994 827 1000 676 789 722 800 531 600 391 918 943 400 663 702 552 200 398 463 0 FY2016 FY20
Slide 17: R&D Expenditure
R&D Expenditure Continuous investment in new product development and enhancement of functions of existing model of products Expected to remain at a level of around 6% in the ratio of R&D expenses to net sales R&D Expenditure R&D Expenditure Ratio of R&D (Millions of yen) expenditure to net Ratio
Slide 18: Shareholder Returns
Shareholder Returns Dividend increased by ¥20 to ¥80 in FY2022 for the full year Stable dividend policy is basically adopted. Cash dividends paid (Unit: yen) Cash dividends paid Dividend payout ratio Dividend payout ratio 90 30% 85 80 23.4% 75 22.0% 21.4% 25% 70 20.8% 21.0% 65 20.1% 60 20% 55 50
Slide 19: Forecast for the Fiscal Year Ending March 2024
FORECAST FOR THE FISCAL YEAR ENDING MARCH 2024 FY 2023
Slide 20: Earnings Forecasts (Year Ending March 31, 2024)
Earnings Forecasts (Year Ending March 31, 2024) Demand is expected to continue for the semiconductor industry and for lithium-ion battery factories. However, there is a risk of restrained capital investment in memory semiconductors, mainly in the first half of FY2023 Expect to increase the num