Slide 1: FY2023/12 Results Briefing
Tokyo Stock Exchange Prime Market 6143 FY2023/12 Results Briefing Sodick Co., Ltd. February 16, 2024
Slide 2: FY2023/12 Financial Results Summary
FY2023/12 Financial Results Summary
Slide 3: Financial Results Highlights
Financial Results Highlights Sales declined due to lower sales of electrical discharge machines (EDMs) and injection molding machines. Operating profit was in the red due to declining profitability. FY2023 Sales: 67.1 billion yen down 16.5% YoY OP: -2.8 billion yen –% Aerospace demand recovered, but
Slide 4: Financial Results Highlights
Financial Results Highlights Sharp decline in sales of machine tools and industrial machines decreased significantly largely due to the slump in Greater China. Sales fell 16%. Operating loss of approximately 2.8 billion yen owing to a decline in profitability associated with production adjustmen
Slide 5: Details of Changes in Operating Profit
Details of Changes in Operating Profit The impact of lower sales, lower profitability associated with production adjustments at overseas plants, and higher raw material and energy prices led to a significant decrease in gross profit. Total SG&A expenses increased by about 1 billion yen from the
Slide 6: Ratio of Operating Profit to Net Sales (Quarterly)
Ratio of Operating Profit to Net Sales (Quarterly) OPM Sales of EDMs was Net sales decreased due to the spread of Recovery from a fall Machine tool sales sluggish owing to U.S.– China trade tensions COVID-19 due to COVID-19 in China fell sharply Operating rates and profit margins (million yen) lower
Slide 7: Financial Results by Segment
Financial Results by Segment FY2019 FY2020 FY2021 FY2022 FY2023 YoY (million yen) Change Machine tool segment 45,797 38,024 51,485 56,492 46,706 -17.3% Industrial machinery 9,773 10,931 10,367 10,656 8,630 -19.0% segment Food machinery segment 6,283 3,585 6,884 6,813 6,902 1.3% Other segments 5,737
Slide 8: Financial Results by Segment: Machine Tool Segment
Financial Results by Segment ■ Machine Tool Segment Net sales (quarterly changes) 16,000 Aerospace demand in Japan and the West tends 12,000 11,421 to recover Net sales Net sales declined in Japan, Greater China and 8,000 Asia due to weak demand for automotive, semiconductors and electronic componen
Slide 9: Financial Results by Segment: Industrial Machinery Segment
Financial Results by Segment ■ Industrial Machinery Segment Net sales (quarterly changes) 4,000 The industrial machinery industry as a whole is facing a difficult situation due to customer 3,000 inventory adjustments and investment delays due 2,262 Net sales to market softening for semiconductors an
Slide 10: Financial Results by Segment: Food Machinery Segment
Financial Results by Segment ■ Food Machinery Segment Net sales (quarterly changes) 3,000 2,328 Demand for noodle-making machine-related Net sales equipment in Japan and overseas, as well as 2,000 aseptic-packaged cooked rice production systems for overseas markets, has remained strong. 1,000 Sales
Slide 11: Financial Results by Segment: Other Segments
Financial Results by Segment ■ Other Segments Net sales (quarterly changes) 2,000 Net sales from the mold operations decreased partly due to semiconductor shortages and supply chain disruptions. 1,500 Net sales 1,225 Demand for ceramics for semiconductor 1,000 manufacturing equipment manufacturers h
Slide 12: Balance Sheet
Balance Sheet Although non-current assets increased due to expansion of food factories and construction of new sales offices, total assets decreased by about 4.3 billion yen from the end of the previous fiscal year mainly due to a decrease in trade receivables caused by a decrease in orders. Net
Slide 13: Cash Flow
Cash Flow FY2019 FY2020 FY2021 FY2022 FY2023 Cash flow from operating activities 8,336 5,270 7,642 3,543 -14 Cash flow from investing activities -5,609 -1,410 -2,203 -10,957 -2,492 Cash flow from financing activities -2,228 1,665 -1,932 -6,012 1,421 Balance of cash and cash equivalents at 32,890 38,
Slide 14: Capital Investment / Depreciation / R&D Expenses
Capital Investment / Depreciation / R&D Expenses “Select and focus” investments needed for future FY2023 Outcome growth, considering priorities and importance • Expansion of Kaga Factory food Capital investments Depreciation machinery plant • Construction of a new building for Sendai (million yen) T
Slide 15: Shareholder Returns
Shareholder Returns Basic Policy Dividend on equity ratio (DOE) 2% or more and total return ratio 40% or more ■ Dividends per share 35 30 25 20 15 29 29 25 25 26 27 22 24 10 5 0 2017/12 2018/12 2019/12 2020/12 2021/12 2022/12 2023/12 2024/12 Interim 14 yen DOE 2.3 2.1 2.1 2.1 2.1 2.3 2.1 2.2 Year-en
Slide 16: Appendix
Appendix 1. Changes in Financial Results 2. Changes in Indexes 3. Changes in Financial Results by Segment 4. Numbers of EDMs Ordered and Sold 5. Changes in Amount of JMTBA Orders and in Numbers of Sodick EDM Orders 6. Changes in Numbers of EDMs Ordered in Quarters by Region 7. Overseas Sales Ratio b
Slide 17: Changes in Financial Results (Quarterly)
Changes in Financial Results (Quarterly) (million yen) 1Q 2Q 3Q 4Q 1H 2H Full year FY2021/12 YoY YoY YoY YoY YoY YoY YoY Net sales 14,317 109.9% 20,187 147.7% 19,471 138.7% 21,199 122.6% 34,504 129.2% 40,669 129.8% 75,174 129.5% Cost of sales 9,665 107.9% 13,167 141.4% 12,571 130.7% 14,058 118.2% 22
Slide 18: Changes in Indexes
Changes in Indexes Number of employees (Persons) 18/06 18/12 19/06 19/12 20/06 20/12 21/06 21/12 22/06 22/12 23/06 23/12 Non- 743 755 801 841 869 886 914 924 987 1,087 1,170 1,183 consolidated Consolidated 3,714 3,676 3,625 3,579 3,576 3,633 3,670 3,683 3,772 3,746 3,778 3,562 *Not including employe
Slide 19: Changes in Financial Results by Segment
Changes in Financial Results by Segment 1Q 2Q 3Q 4Q 1H 2H Full year FY2021/12 YoY YoY YoY YoY YoY YoY YoY Net sales 10,382 126.0% 13,762 156.0% 13,102 141.6% 14,237 121.6% 24,145 141.5% 27,339 130.4% 51,485 135.4% Machine tool Operating profit 898 454.3% 2,258 303.4% 2,104 287.0% 1,915 156.9% 3,156
Slide 20: Numbers of EDMs Ordered and Sold
Numbers of EDMs Ordered and Sold Number of EDMs ordered (Units) FY2021/12 FY2022/12 FY2023/12 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total 1Q 2Q 3Q 4Q Total North and South 58 70 54 68 250 81 58 56 83 278 70 63 70 74 277 America Europe 100 108 113 106 427 96 106 58 94 354 70 56 83 76 285 Greater 1,007 858 51
Slide 21: Changes in Amount of JMTBA Orders and Sodick EDM Orders
Changes in Amount of JMTBA Orders and in Numbers of Sodick EDM Orders JMTBA Machine Tool Orders (value) Sodick EDM Orders (units) (million yen) (Units) Record-high monthly orders (2021/3) A fall due to the 2008 financial crisis Increasing demand A decrease due to in China the spread of the COVID-19
Slide 22: Changes in Numbers of EDMs Ordered in Quarters by Region
Changes in Numbers of EDMs Ordered in Quarters by Region Demand for auto-related and aerospace-related products Orders from auto-related industries remained weak, but those Europe remained strong. North and South America from medical-related industries were on the recovery trend and those from aeros
Slide 23: Overseas Sales Ratio by Segment
Overseas Sales Ratio by Segment (million yen) North and South Japan Europe Greater China Asia America 25,000 20,000 Others Food machinery 15,000 Industrial machinery 10,000 Machine tools 5,000 0 2022 2023 2022 2023 2022 2023 2022 2023 2022 2023 (million yen) North and South FY2022 Japan Europe Great
Slide 24: Maintenance Service Ratio
Maintenance Service Ratio Breakdown of sales of machinery, maintenance services and Quarterly trends in maintenance services consumables and consumables (million yen) 3,500 Machine tool 12,101 FY2022 FY2023 3,000 segment 12,299 2,500 Maintenance services and 12,101 21.4% 12,299 26.3% 2,000 consumabl
Slide 25: Segment Composition and Key Products
Segment Composition and Key Products Segment Machine tool segment Industrial machinery segment Food machinery segment [Horizontal injection molding Noodle making equipment Die-sinker EDM Wire-cut EDM machine (Noodle making line) Aseptic-packaged cooked rice Small-hole production system Metal 3D prin
Slide 26: New Products Released in 2023
New Products Released in 2023 Machine tool segment AL100G LSP5070 Large Die-sinker EDM Femtosecond laser processing machine State-of-the-art femtosecond Renovation of discharge laser control technology Use artificial intelligence Use artificial intelligence 45% reduction in processing time IoT platf
Slide 27: Exhibition Information
Exhibition Information MECT 2023 IPF 2023 Exhibited at the machine tool trade fair Mechatrotech Exhibited at IPF 2023, an industrial machinery Japan 2023 held in Port Messe Nagoya (Nagoya). exhibition held at Makuhari Messe (Chiba). The At our booth, we exhibited ALN600GH i Groove + LP20EH4, a state
Slide 28: Notes
Notes This presentation material has been prepared exclusively for the purpose of providing information; the material was not created to advertise, solicit, market, etc., specific products or shares of the Company. The information included in this material is not required by the Financial Instrument