Abalance Corp · TSE:3856
Abalance — Q2 FY06/25 Earnings Presentation
24 slides from Abalance's earnings presentation, Feb 14, 2025
Slide 1: Financial Results Presentation for 2Q FY06/25
Financial Results Presentation for 2Q FY0６/25 TOYO’s new panel plant in the US TSE Standard: 3856 February 14, 202５ TOYO’s new cell plant in the Ethiopia
Slide 2: 目次
目次 01 Executive Summary 02 Overview of Q2 Consolidated Financial Results 03 Performance Forecast for FY06/25 04 Business Division Action Plans 05 Appendix
Slide 3: Executive Summary
Executive Summary
Slide 4: Executive Summary
Executive Summary Both net sales and profits decreased year on year mainly due to changes in the competitive environment in the US market Steady development of global strategy • Construction of a cell plant in Ethiopia (to be completed in March 2025) • Construction of a panel plant in the US (Ph
Slide 5: Recognition of Environment
Recognition of Environment
Slide 6: Solar Power Market in the US
Solar Power Market in the US Market with growth potential New solar panel installations: Approx. 40 GW (2024) Electricity demand: Increasing <Background> AI growth, data centers, electric vehicles Solar power: Cost-competitive baseload power source Market price: Creation of attractive market prices
Slide 7: Solar Power Market in India
Solar Power Market in India India's primary energy consumption (2021) Hydroelectric,4% Nuclear,1% Increased demand for renewable energy Renewable energy,5% Increased electricity demand due to population growth, urbanization, and industrialization Natural gas,6% From an energy security perspective, n
Slide 8: Overview of Financial Results for 2Q FY06/25
Overview of Financial Results for 2Q FY06/25
Slide 9: Net sales decreased by 62.9 billion yen year on year to 45.6 billion yen
Net sales decreased by 62.9 billion yen year on year to 45.6 billion yen due to changes in the solar panel market environment, including tariff policy in the US Operating profit decreased by 6.9 billion yen year on year to 3.2 billion yen A Vietnam subsidiary posted extraordinary losses (405 mill
Slide 10: Quarterly Sales and Operating Profit
Quarterly Sales and Operating Profit （Unit: billion yen） 60 〈Net Sales〉 40 20 0 22/1Q 2Q 3Q 4Q 23/1Q 2Q 3Q 4Q 24/1Q 2Q 3Q 4Q 25/1Q 2Q 17.6% 10 20% 〈Operating profit / Operating profit margin〉 8 15% 6 10.6% 8.1% 8.5% 8.4% 7.6% 10% 6.8% 6.2% 4 6.3% 3.6% 2.7% 2.9% 5% 2 1.1% 0.7% 0 0% 22/1Q 2Q 3Q 4Q 23/
Slide 11: Shareholder Returns
Shareholder Returns ■Policy: We will provide stable and continuous dividends while expanding and effectively utilizing retained earnings, thus improving corporate competitiveness and shareholder value. ■FY06/25(Interim dividends)： Omission of the dividend. （Unit: yen） FY06/20 FY06/21 FY06/22 FY06/23
Slide 12: Performance Forecast for FY06/25
Performance Forecast for FY06/25
Slide 13: The business environment for the Solar Panel Manufacturing Business will remain harsh
The business environment for the Solar Panel Manufacturing Business will remain harsh due to sluggish market conditions caused by easing global supply and demand as well as uncertainty about the future of tariff policies in the US market. Strategic investments to build a stable global supply sys
Slide 14: Business Division Action Plans
Business Division Action Plans
Slide 15: Global Growth Strategy for Solar Panel Manufacturing Business
Global Growth Strategy for Solar Panel Manufacturing Business Promote growth strategy by building global supply chain Building a competitive supply chain with a three-area structure Area Asia (VSUN) America (TOYO) Africa (TOYO) Current Panels, ingots, wafers Cells (Vietnam) (Vietnam) Cells (Ethiopia
Slide 16: 〈New〉Texas Project
〈New〉Texas Project 〈VSUN's expansion in the US〉 ■Company Name ：TOYO Solar Texas LLC U.S. Customer Locations ■Location ：Texas, USA ■Business : Mfg. & Sales of Solar Panels ■New Plant ; Texas Project 〈Phase1〉 Scheduled completion：March 2025 Production Capacity：１GW 3.2GW for Solar Power Plants（2023） Pl
Slide 17: Excerpt from TOYO's December 2024 materials
＊scheduled for completion in March 2025 Excerpt from TOYO’s ＊＊scheduled for completion in March 2025 Investor Deck(December 2024)
Slide 18: Domestic Growth Strategy for Green Energy Business
Domestic Growth Strategy for Green Energy Business Improve business value by establishing a sustainable business foundation Development business in response to the changing growth stage of the solar power market in Japan Maintain (one-time revenue) Enhance (recurring revenue) Growth (new businesses)
Slide 19: Appendix
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Slide 20: Consolidated Net sales, Operating profit and Profit trends
Net sales（Consolidated） Operating profit（Consolidated） （Unit: billion yen） （ Unit: billion yen ） 250 25 200 20 150 15 （forecast） 100 10 （forecast） 50 5 0 0 FY06/21 FY06/22 FY06/23 FY06/24 FY06/25 FY06/21 FY06/22 FY06/23 FY06/24 FY06/25 Ordinary profit（Consolidated） Profit attributable to owners of p
Slide 21: Solar Panel Manufacturing Business / Green Energy Business
（Unit: billion yen） Solar Panel Manufacturing Business 60 20% 15% 40 10% 20 5% 0 0% 23/1Q 2Q 3Q 4Q 24/1Q 2Q 3Q 4Q 25/1Q 2Q Net sales Segment Profit Margin（％） （ Unit: billion yen ） Green Energy Business 2.5 2.0 1.5 1.0 0.5 0.0 (0.5) 23/1Q 2Q 3Q 4Q 24/1Q 2Q 3Q 4Q 25/1Q 2Q Net sales Segment Profit 21
Slide 22: Abalance Group Summary
Abalance Group Summary Trade Name Abalance Corporation Address Tennozu First Tower 16F 2-2-4 Higashishinagawa, Shinagawa-ku, Tokyo Establishment April 17, 2000 Capital 2,518 million yen President & Representative Okada Ryusuke Director Stock Listing Tokyo Stock Exchange (Standard Market: 3856) Emplo
Slide 23: Disclaimer
Disclaimer The future outlook and estimated figures presented in this material are based on information available to our company at the time of its creation, as well as facts we recognized and results from our subsequent analyses, evaluations and calculations. While we have considered past confi
Slide 24: Slide 24