Daifuku Co., Ltd. · TSE:6383
Daifuku — Q1 FY2024 Earnings Presentation
24 slides from Daifuku's earnings presentation, Aug 8, 2024
Slide 1: Consolidated Financial Results, First Quarter FY ending December 2024
First Quarter of the Fiscal Year Ending December 31, 2024 (April 1, 2024–June 30, 2024) Consolidated Financial Results August 8, 2024 [6383]
Slide 2: Financial Summary
Financial Summary Fiscal 2024 Q1 results Orders received Net sales Operating income Operating margin ¥ 183.6 billion ¥ 145.0 billion ¥ 16.4 billion 11.3% YoY YoY YoY YoY +¥ 53.6 billion +¥ 10.5 billion +¥ 8.1 billion + 5.2pt +41.2％ +7.8％ +99.6％ Orders for intralogistics systems from Sales increased
Slide 3: Financial Results
01 Financial Results © 2024 Daifuku Co., Ltd. 2
Slide 4: Fiscal 2024 Q1 Results (April 1, 2024-June 30, 2024)
Fiscal 2024 Q1 Results (April 1, 2024ｰJune 30, 2024) Sales, operating income, ordinary income, and net income attributable to shareholders of the parent company reached new record highs for the first quarter of the fiscal year. YoY change (Billion yen) FY2023 Q1 FY2024 Q1 Amount Rate Orders received
Slide 5: Factors for Change in Operating Income
Factors for Change in Operating Income Gross margin significantly reflected progress in revising prices to keep pace 01 with higher costs associated with soaring raw material and labor expenses. (Billion yen) 01 © 2024 Daifuku Co., Ltd. 4
Slide 6: Results by Reportable Segment
Results by Reportable Segment Daifuku Sales remained favorable in all business areas. Segment income increased, mainly Daifuku North America 01 reflecting increased sales, progress in revising prices to keep pace with higher costs, 02 Orders were driven by intralogistics systems and airports systems
Slide 7: Consolidated Balance Sheets
Consolidated Balance Sheets (Billion yen) March 31, 2024 June 30, 2024 Change (Billion yen) March 31, 2024 June 30, 2024 Change Current assets 496.4 499.2 +2.8 Current liabilities 211.3 205.3 -6.0 Cash on hand and Notes and accounts in banks 142.0 143.2 +1.2 80.5 67.8 -12.7 payable Notes and account
Slide 8: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Billion yen) Operating activities Investing activities YoY Financing activities Free cash flow (Billion yen) FY2023 Q1 FY2024 Q1 change 10.9 10.3 8.0 9.5 Cash flows from operating activities -0.0 9.5 +9.6 Cash flows from investing activities -3.4 0.7 +4.1 0.7 F
Slide 9: Orders and Sales by Destination
Orders and Sales by Destination Japan North America China South Korea, Taiwan 01 Orders for intralogistics systems 02 Orders and sales increased in 03 Sales increased in cleanroom 04 Orders increased due to a increased. intralogistics systems and airport systems for the semiconductor recovery in the
Slide 10: Orders and Sales by Industry
Orders and Sales by Industry Electronics Commerce, retail Airport 01 Orders for cleanroom systems for legacy 02 Orders reflected a strong 03 Orders and sales were strong in semiconductors remained at a high level, while performance in North America. North America. investment in advanced semiconducto
Slide 11: Quarterly Orders, Sales, and Operating Margin
Quarterly Orders, Sales, and Operating Margin Profitability improved, mainly reflecting progress in highly profitable projects in cleanroom system and progress in revising prices to 01 keep pace with higher costs caused by soaring raw material and labor expenses. 01 Orders received Net sales Operati
Slide 12: Order Backlogs
Order Backlogs 01 Order backlogs marked a record high on a quarterly basis. 01 635.5 638.9 636.9 (Billion yen) 616.0 601.1 598.9 596.9 588.1 583.6 574.2 532.3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 H2 FY2022 FY2023 FY2024 © 2024 Daifuku Co., Ltd. 11
Slide 13: Service Sales
Service Sales Service sales increased steadily. Service sales Ratio to net sales 31% 31% 31% 30% 29% 29% 27% 25% 25% 52.3 47.7 47.6 43.1 45.1 40.1 41.5 34.5 36.4 FY2022 FY2023 FY2024 (Billion yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 158.8 152.0 Total 184.6 (forecast) © 2024 Daifuku Co., Ltd. 12
Slide 14: Quarterly Orders Received by Industry
Quarterly Orders Received by Industry FY2022 FY2023 FY2024 (Billion yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Automobile, auto parts 18.0 22.4 23.5 25.7 19.5 19.0 17.0 37.2 18.9 Electronics 98.4 87.2 54.2 31.4 40.6 58.2 39.7 52.7 49.0 Commerce, retail 50.3 34.1 79.3 24.0 22.2 27.1 55.7 34.3 39.6 Transportatio
Slide 15: Quarterly Net Sales by industry
Quarterly Net Sales by industry FY2022 FY2023 FY2024 (Billion yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Automobile, auto parts 11.5 14.7 17.5 21.6 16.1 19.1 21.1 25.0 16.4 Electronics 43.2 52.6 63.4 56.4 44.9 48.5 50.8 59.2 48.3 Commerce, retail 41.6 40.4 38.7 40.0 36.2 36.0 38.5 36.6 33.6 Transportation, war
Slide 16: Earnings Forecast
02 Earnings Forecast © 2024 Daifuku Co., Ltd. 15
Slide 17: Change in Fiscal Year-End to December 31, 2024
Change in Fiscal Year-End to December 31, 2024 Effective with the resolution passed at the Ordinary General Meeting of Shareholders held on June 21, 2024, the fiscal year-end of the Daifuku Group has been changed from March 31 every year to December 31 every year. The fiscal year ending December 31,
Slide 18: Earnings Forecast Summary
Earnings Forecast Summary FY2024 Forecast Orders received Net sales Operating income H1 FY H1 FY H1 FY ¥ 340.0 bn ¥ 590.0 bn ¥ 298.0 bn ¥ 550.0 bn ¥34.0 bn OP margin 11.4% ¥56.0 bn OP margin 10.2% From the May forecast From the May forecast From the May forecast Revised upward Revised upward Revised
Slide 19: Fiscal 2024 Forecast (Consolidated)
Fiscal 2024 Forecast (Consolidated) FY2023 FY2024 forecast YoY change H1 FY Reference (Japan: 12 months) H1 (b-a) (Billion yen) FY H1 Announced on Announced on Announced on [a] Change Change Aug. 8 Change Amount Rate Amount Rate May 10 Aug. 8 May 10 Aug. 8 May 10 [b] Orders 294.3 620.3 338.0 340.0 +
Slide 20: Dividends
Dividends Based on the favorable progress in the Daifuku Group’s performance, especially in terms of profits, the Company has revised its 01 dividend plan by increasing its interim dividend by 1 yen per share and year-end dividend by 2 yen per share. 01 Interim Year-end Consolidated payout ratio 35.
Slide 21: Topics
03 Topics © 2024 Daifuku Co., Ltd. 20
Slide 22: Daifuku to exhibit at Logis-Tech Tokyo 2024
Daifuku to exhibit at Logis-Tech Tokyo 2024 We will exhibit at Logis-Teach Tokyo 2024, one of Asia’s largest material handling and logistics trade shows. This year’s show is being conducted under the theme, Sustainable roads, Creating the future of logistics, and is expected to be the largest ever,
Slide 23: ESG External Evaluation
ESG External Evaluation Evaluation/Score Evaluator Title (constituent) FY2022 FY2023 Our position In the top 46% of the industrial machinery sector ESG Rating Top rating: AAA MSCI MSCI Japan ESG Select Leaders Index, AA AA MSCI Japan Empowering Women Index 86th out of 1,424 Japanese companies ESG Ra
Slide 24: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements The strategies, beliefs and plans related to future business performance as described in this document are not established facts. They are business prospects based on the assumptions and beliefs of the management team judging from the m