Hakudo Co., Ltd. · TSE:7637
Hakudo — Q3 FY03/25 Earnings Presentation
34 slides from Hakudo's earnings presentation, Feb 12, 2025
Slide 1: Financial Results for the Third Quarter FY03/25
Financial Results for the Third Quarter Fiscal Year Ended on March 31, 2025 (Q3 FY03/25 Results) Hakudo Co., Ltd. (7637) February 12, 2025 2025 © Hakudo Co., Ltd. All rights reserved.
Slide 2: Table of Contents
Table of Contents 1． Q3 FY03/25 Financial Results P 2 2． FY03/25 Financial Forecasts P18 3． Progress on Key Business Strategies P22 4. Initiatives for Sustainability Management P28 1 2025 © Hakudo Co., Ltd. All rights reserved.
Slide 3: 1. Q3 FY03/25 Financial Results
1. Q3 FY03/25 Financial Results 2 2025 © Hakudo Co., Ltd. All rights reserved.
Slide 4: Result Highlights
Result Highlights Net sales Gross profit Ordinary profit 50,153million yen 7,811 million yen 2,335 million yen (up 16.8％ YoY) (up 12.9％ YoY) (up 6.1％ YoY) Q3 FY03/25 summary Net sales • Sales increased by16.8% from the previous consolidated interim accounting period, mainly due to higher unit sellin
Slide 5: Summary of Consolidated Statements of Income (PL)
Summary of Consolidated Statements of Income (PL) • Net sales increased by JPY7,223 million YoY because sales volume of OA devices industry and the demand for China and generative AI increased. • Ordinary profit increased by JPY134 million YoY due to increase in the sales and inventory valuation pro
Slide 6: Factors Affecting Year-on-Year Change in Net Sales
Factors Affecting Year-on-Year Change in Net Sales • In addition to increase in unit selling prices, the increase in sales volumes contributed to increased sales of both Standard stock items and Special-order items by JPY7,223 million YoY. Unit: Million yen +1,207 +1,367 50,153 31,775 +1,071 +2,504
Slide 7: Quarterly Sales Trends
Quarterly Sales Trends • Though the sales had remained sluggish due to the stagnation of the semiconductor production equipment(SPE) industry since FY03/23 4Q, the sales showed continuous recovery in FY03/25 Q3. We achieved the highest sales number (JPY17,665 million) in FY03/25 Q3 for 2 consecutive
Slide 8: Net Sales by Product Category
Net Sales by Product Category • The sales of the entire product categories increased on a QoQ due to increase both the sales volume and unit selling prices caused by a partial recovery of semiconductor production equipment(SPE) industry. Unit: Million yen FY03/24 FY03/25 Vs. Q3 FY03/24 Q1 Q2 Q3 Q4 Q
Slide 9: Composition Ratio of Net Sales by Industry (Japan)
Composition Ratio of Net Sales by Industry (Japan) ・Sales ratio of Semiconductor/FPD production equipment industry increased significantly QoQ. Though sales ratio of other industries decreased, sales in all industries increased. FY03/24 FY03/25 Q3 FY03/25 1Q 2Q 3Q 4Q 1Q 2Q 3Q Semiconductor/ FPD prod
Slide 10: Financial Performance by Segment
Financial Performance by Segment • We posted an operating loss by JPY162 million in North America segment and sales decreased by JPY197 million YoY due to a sluggish economy caused by a shortage of capital expenditure. • In China segment, net sales and operating profit improved QoQ. • Sales of other
Slide 11: Sales Ratio by Segment
Sales Ratio by Segment • 【 Japan 】Aluminum products are a large proportion of sales and sales ratio of copper products and stainless steel products is the same due to the large sales to the semiconductor manufacturing equipment industry. • 【North America】 Stainless steel products are a large proport
Slide 12: Factors Affecting Year-on-Year Change in Ordinary Profit
Factors Affecting Year-on-Year Change in Ordinary Profit • Profits of both Standard stock items and Special-order items significantly increased due to the impact of an increase in sales volumes and unit selling prices. • Though manufacturing expenses and SG&A expenses such as logistics & labor costs
Slide 13: Quarterly Ordinary Profit Trends
Quarterly Ordinary Profit Trends • Ordinary profit decreased by JPY223million QoQ and decreased by JPY222million compared to Q2, due to an increase SG&A expenses such as labor & logistics costs and sales promotion expenses and incurred foreign exchange loss. Unit: Million yen 1,272 1,222 1,157 1,087
Slide 14: Balance Sheet (BS)
Balance Sheet (BS) • Notes and accounts receivable – trade, Inventories and Accounts payable-trade increased due to recent increase in net sales. • Non-current assets decreased by JPY111 million due to a decrease in property, plant and equipment by depreciation. Unit: Million yen Current assets: Up
Slide 15: Business Environment (1): Raw Material Market Trends
Business Environment (1) Raw Material Market Trends for Aluminum, Copper and Stainless Steel • Though Aluminum ingot prices declined at the end of September 2024, the price increased again at the end of December, closer to the level at the end of June. • Electrolytic copper price substantially decre
Slide 16: Business Environment (2): Semiconductor Production Equipment Sales
Business Environment (2) Comparison of Semiconductor Production Equipment Sales and Standard Stock Items Sales • Though semiconductor production equipment sales partly recovered due to booming generative AI and expansion of demand in capital investment for semiconductor sector in China, it still did
Slide 17: Business Environment (3): Machine Tool Orders
Business Environment (3) Comparison of Machine Tool Orders and Standard Stock ItemsSales • Demand in Machine tool industry recovered and foreign orders increased due to an increase in demand in Asia, mainly in China. There also appeared to be some movements for restarting capital investments in Nort
Slide 18: Business Environment (4): Aluminum Product Sales Ratio
Business Environment (4) Ratio of Hakudo aluminum product sales to rolled aluminum product shipment value • Hakudo’s aluminum product sales are around 30% of rolled aluminum product shipment value, and our industry market share has remained stable. Ratio of Hakudo aluminum Rolled aluminum sales vs.
Slide 19: 2. FY03/25 Financial Forecasts
2. FY03/25 Financial Forecasts 18 2025 © Hakudo Co., Ltd. All rights reserved.
Slide 20: FY03/25 Financial Forecasts
FY03/25 Financial Forecasts • Current progress on profit levels has lagged behind the full year forecast due to a delayed recovery in the semiconductor production equipment (SPE) industry and incurred foreign exchange loss. • On the other hand, net sales have progressed smoothly due to an increase i
Slide 21: Shareholder Returns (Dividends)
Shareholder Returns(Dividends) • Based on the upward revision of Q2 FY03/25 Financial Forecasts, the mid-term dividend was revised by 49 yen per share (+9 yen from the beginning of the fiscal year 2025 ). • The annual dividend for the FY03/25 is expected to be 85 yen per share. Dividend Forecast for
Slide 22: Shareholder Returns (Shareholder Benefit Plan)
Shareholder Returns（ Shareholder Benefit Plan） • On January, the base date will be changed from the end of September of each year to the end of March of each year. • There will be no changes other than the base date in terms of the number of units held and points awarded. Shareholder Benefit Plan Sh
Slide 23: 3. Progress on Key Business Strategies
3. Progress on Key Business Strategies 2025 © Hakudo Co., Ltd. All rights reserved. 22
Slide 24: Planned Initiatives for FY03/25
Planned Initiatives for FY03/25 • The main initiatives in line with our key strategic policies for FY03/25 are as shown below. Key Strategic Policies Planned Initiatives for FY03/25 (Excerpt) Established in the Medium-Term Management Plan Increase the variety of items offered, with a goal of growi
Slide 25: New Factory Established in Fukuoka Prefecture
New Factory Established in Fukuoka Prefecture in Kyushu Island • We newly established Fukuoka factory which is the second factory in Kyusyu island in December 2024. • We aim to strengthen our manufacturing capacity in response to an expanding demand for semiconductor related industry in Kyushu regio
Slide 26: Progress of Mid-Term Business Strategies (1)
Progress of Mid-Term Business Strategies (1) (1) Strengthen and expand customer base, raise profit margins through Hakudo Network Service (E-Commerce) evolution companies using Introduced new Hakudo standard stock 13,600 companies Screen and new 5,500 items functional features ＋ registered users Inv
Slide 27: Progress of Mid-Term Business Strategies (2)
Progress of Mid-Term Business Strategies (2) (2) Expand growth fields, strengthen sales Semiconductor Automotive Aircraft/aerospace industry industry industry Q3 FY03/25 Q3FY03/25 Q3FY03/25 sales ratio sales ratio sales ratio 43.0％ 5.6％ 4.3％ Consolidate the industry through Obtaining new customers E
Slide 28: Progress of Mid-Term Business Strategies (3)
Progress of Mid-Term Business Strategies (3) (3) Overseas business expansion Overseas Net Sales and Sales Ratio Unit: Million yen 10,000 Overseas sales 20% 海外売上高 9,000 15% 15% 8,000 Ratio of sales for overseas 海外向け売上高比率(実績) 15% 7,000 6,000 9% 10% 5,000 8% 10% 4,000 3,000 5% 2,000 1,000 0 0% FY03/21
Slide 29: 4. Initiatives for Sustainability Management
4. Initiatives for Sustainability Management 2025 © Hakudo Co., Ltd. All rights reserved. 28
Slide 30: Progress in Sustainability Management (1/3)
Progress in Sustainability Management (1/3) • The status of efforts to date for action items and targets pursued by subcommittees established under the ESG/SDGs Management Committee are as follows. This information is reported to the Board of Directors, which in return provides proposals and advice
Slide 31: Progress in Sustainability Management (2/3)
Progress in Sustainability Management (2/3) Material Initiatives FY03/27 Targets FY03/27 KPIs Q3 FY03/25 Efforts issues Visited university research exhibitions and explored Contribute to the development of next-generation opportunities for new collaborative initiatives Contribute to future technol
Slide 32: Progress in Sustainability Management (3/3)
Progress in Sustainability Management (3/3) Material Initiatives FY03/27 Targets FY03/27 KPIs Q3 FY03/25 Efforts issues Executed compliance training sessions Zero violations Conduct education aiming for zero tolerance. Zero compliance violations Conducted comprehension checks in compliance. En
Slide 33: Sustainability Management Initiatives
Sustainability Management Initiatives Hakudo is conducting a wide range of activities, including the creation of employment through its own farms, in addition to contributing to society through manufacturing. Super Minimum Hakudo Farm Koma Battle Shita-machi Bobsleigh Challenge We operate Hakudo Far
Slide 34: Thank you very much for your attention.
Thank you very much for your attention. ■Hakudo Official Social Media Accounts We have created official accounts on LINE and Facebook to regularly disseminate product introductions, exhibition announcements and other useful information. Please use the QR codes to follow Hakudo online! ■Disclaimer Th