Pillar Corporation · TSE:6490
Pillar — Q1 FY2024 Earnings Presentation
30 slides from Pillar's earnings presentation, Aug 6, 2024
Slide 1: Financial Results Presentation Material
Aug 6, 2024 PILLAR Corporation Financial Results Presentation Material Q1 for Fiscal Year Ending March 31, 2025 Tokyo Stock Exchange Prime Market 6490
Slide 2: Contents
Contents 01 Business Performance for Q1 of FYE March 31,2025 02 Earnings by Segment 03 Full-year Earnings Forecast for the Fiscal Year Ending March 31,2025 04 Reference Materials①：Corporate Profile 05 Reference Materials②：Key Indexes © PILLAR Corporation 2
Slide 3: Business Performance for Q1 of FYE March 31, 2025
Business Performance for Q1 of FYE March 31,2025 © PILLAR Corporation 3
Slide 4: Financial Highlights
Financial Highlights Sales increased year-on-year, while operating income decreased due to higher depreciation costs and one-off expenses. Year-on-Year: Sales +360 million yen（+2.9％） Operating Income -570 million yen（-18.8％） Sales Sales: 13.0 billion yen (＋ 2.9％ Y o Y) / Orders received: 13.3 billio
Slide 5: Summary of Full-year Performance for Q1 of FYE March 31, 2025
Summary of Full-year Performance for Q1 of FYE March 31,2025 Consolidated FY23 Q1 FY24 Q1 Year-on-Year (Unit： Million Yen) Results Results Change Change rate(％) Sales 12,732 13,096 364 2.9 Operating income 3,075 2,496 -579 -18.8 Operating income ratio 24.2% 19.1% -5.1P － Ordinary income 3,575 2,924
Slide 6: Trends of Company-wide Performance
Trends of Company-wide Performance Electronic Equipment Business : Both sales and income declined Industrial Equipment Business : Both sales and income increased Regarding the electronic equipment business, although we handled the order backlogs smoothly due to the resolution of the resin shortage,
Slide 7: Analysis of Increase/Decrease in Sales for Q1
Analysis of Increase/Decrease in Sales for Q1 of FYE March 31,2025 (Unit： Million Yen) Industrial Equipment Others Business Electronic Equipment +574 -1 Business 13,096 -210 12,732 Increase/Decrease +365 YoY +2.9% FY23 Q1 FY24 Q1 © PILLAR Corporation 7
Slide 8: Analysis of Increase/Decrease in Operating Income for Q1
Analysis of Increase/Decrease in Operating Income for Q1 of FYE March 31,2025 The product price revision implemented last year absorbed the decline of OP income due to the reduced volume of products for the semiconductor market. Depreciation costs(230 million yen) including the Fukuchiyama Second Fa
Slide 9: Trends of Overseas Sales
Trends of Overseas Sales (Unit： Million Yen) Europe,etc USA Asia Overseas sales ratio +0.6P +3.3P 31.1% －2.0P 30.5% 29.1% 27.8% -3.1P 27.2% 17,067 24.7% 15,165 12,416 10,198 8,226 8,225 7,410 5,722 4,917 4,594 3,543 3,240 3,739 1,863 1,920 1,793 2,022 2,276 1,038 901 710 1,267 641 418 FY20 FY21 FY22
Slide 10: Sales by Market (Non-consolidated)
Sales by Market (Non-consolidated) Semiconductor Chemical and others Oil, steel and and liquid crystal transportation (Unit： Million Yen) Mechanical seals for CMP remain in adjustment, while Domestic and overseas Products for plant safety 11,152 products for some clients maintenance demands 10,945 m
Slide 11: Earnings by Segment
Earnings by Segment © PILLAR Corporation 11
Slide 12: Electronic Equipment Business Performance Trends
Electronic Equipment Business Performance Trends Both segment sales and OP income declined. Sales/OP Income/OP Income Ratio(Unit： Million Yen) →Sales － 2.3％ YoY Sales Operating income Operating income ratio →OP Income －23.1% YoY Volume declined due to the sluggish trend in orders 9,093 8,883 receive
Slide 13: Industrial Equipment Business Performance Trends
Industrial Equipment Business Performance Trends Sales/OP Income/OP Income Ratio(Unit： Million Yen) Both segment sales and OP income increased. Sales Operating income Operating income ratio →Sales +15.8％ YoY 4,202 →OP Income +12.8％ YoY 3,627 TANKEN continues to preform well, and its OP income increa
Slide 14: Trends of Orders Received and Order Backlog
Trends of Orders Received and Order Backlog Orders received (Unit： Million Yen) Electronic Euipment Business Industrial Equipment Business 54,227 50,548 12,231 17,486 41,995 12,641 12,960 12,834 13,375 12,113 33,061 4,006 4,363 4,694 4,423 5,098 8,106 8,279 8,266 8,410 8,276 Full year Q1 Q2 Q3 Q4 Fu
Slide 15: Full-year Earnings Forecast for the Fiscal Year Ending March 31, 2025
Full-year Earnings Forecast for the Fiscal Year Ending March 31,2025 © PILLAR Corporation 15
Slide 16: Summary of Full-Year Earnings Forecast for the FYE March 31, 2025
Summary of Full-Year Earnings Forecast for the FYE March 31,2025 ■The earnings forecast remains unchanged from the last one on May 13,2024. Consolidated FY23 FY24 Year-on-Year (Unit： Million Yen) Results Forecast Change Change rate(％) Sales 58,605 62,000 3,395 5.8 Operating income 14,206 13,000 -1,2
Slide 17: Return to Shareholders
Return to Shareholders Dividend Policy：Ensuring stable and continuous payment while aiming to achieve payout ratio of 30% or more Dividend Forecast：125 yen/share for full year（with a consolidated payout ratio of 32.4%） (Unit： Yen) Current net income per share・Dividend・Payout ratio Current net income
Slide 18: Reference Materials①：Corporate Profile
Reference Materials①：Corporate Profile © PILLAR Corporation 18
Slide 19: Company Information
Company Information Origin of our Company Name This naming originated from our first product developed in 1924, the “Patented Pillar Packing No. 1”, which was shaped like a pillar. Purpose Established 1924 Creating a future that Representative Yoshinobu Iwanami supports society Minimizing energy con
Slide 20: Electronic Equipment Business Main Products and Delivery Destinations
Electronic Equipment Business Main Products and Delivery Destinations Our product groups that take advantage of fluororesin’s properties such as “chemical resistance”, “heat resistance” and “low friction” Fluororesin fittings and tubes are unaffected by various chemical liquids. Therefore, they are
Slide 21: Industrial Equipment Business Main Products and Delivery Destinations
Industrial Equipment Business Main Products and Delivery Destinations Mechanical Seals, Gland Packings These devices prevent leak of fluid under extreme conditions of high temperature and high pressure, and are used in pumps and valves in oil refining and chemical plants. Gaskets These parts prevent
Slide 22: Our Advantages① Over 100 years of material development capabilities
Our Advantages① Over 100 years of material development capabilities Over the past 100 years, we have been conducting independent research and development in various materials, including those used for gas and liquid, at both high temperatures and low temperatures. Because we have a thorough understa
Slide 23: Our Advantages② Material×Technology×Abundant Fluid Solutions
Our Advantages② Material×Technology×Abundant Fluid Solutions In the Electronic equipment business, leveraging our deep understanding of material properties, we are able to utilize injection molding technology for shapes commonly requiring cutting as our technology improves. In the Industrial equipme
Slide 24: Sales by Segment and Trend in the Composition Ratio
Sales by Segment and Trend in the Composition Ratio The sales composition of the electronic equipment business has increased significantly, from 54.5% in FY2014 to 69.1% in FY2023, due to continuous growth alongside the markets while maintaining a high market share. The sales of the industrial equip
Slide 25: Reference Materials②：Key Indexes
Reference Materials②：Key Indexes © PILLAR Corporation 25
Slide 26: Long-term Trend of Key Indexes
Long-term Trend of Key Indexes Sales/Operating Income(Unit： Million Yen) Sales Operating Income 62,000 58,605 48,702 40,670 14,206 13,842 13,000 29,461 30,963 29,213 30,200 11,392 27,225 22,960 5,166 5,161 5,126 4,847 3,469 3,683 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Forecast ROE・ROA・DOE
Slide 27: Long-term Trend of P/L
Long-term Trend of P/L (Unit： Million Yen) FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Sales 21,675 22,960 27,225 29,461 30,963 29,213 30,200 40,670 48,702 58,605 YoY 5.9% 18.6% 8.2% 5.1% -5.7% 3.4% 34.7% 19.7% 20.3% Operating Income 3,226 3,469 5,166 5,161 5,126 3,683 4,847 11,392 13,842 14,2
Slide 28: Long-term Trend of B/S
Long-term Trend of B/S (Unit： Million Yen) FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Current assets 26,124 25,279 29,832 28,821 28,375 27,025 27,994 38,050 44,605 49,274 Non-current assets 15,342 16,884 19,514 22,717 24,597 26,165 26,955 26,941 27,886 49,561 Total assets 41,466 42,164 49,347
Slide 29: Long-term Trend of C/F
Long-term Trend of C/F (Unit： Million Yen) FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Cash flow from 2,957 3,074 3,220 3,752 5,035 4,064 5,676 11,950 6,058 5,640 operating activities Cash flow from -1,378 -3,230 -2,363 -3,244 -3,902 -2,950 -3,705 -1,551 -573 -16,197 investing activities Cash
Slide 30: Clip of our Company and Products (Contact)
•This material includes descriptions about forecasts, plans and outlooks of future business performance. These descriptions do not guarantee the future business performance and contain elements of risk and uncertainty. •Please note that the future business performance may largely differ from the con