Sodick Co., Ltd. · TSE:6143
Sodick — Q1 FY2020 Earnings Presentation
23 slides from Sodick's earnings presentation, May 12, 2020
Slide 1: 1Q FY20/12 Results Briefing
TSE 1st Section, 6143 1Q FY20/12 Results Briefing May 12, 2020 Sodick Co., Ltd. 1
Slide 2: Financial Results Summary and Projections
I. 1Q FY20/12 Financial Results Summary II. FY20/12 Financial Results Projections (Reference Materials) 2
Slide 3: Financial Results Highlights
Financial Results Highlights Due to the impact of COVID-19 pandemic, sales of EDMs sharply decreased all over the world including China, our major customer market. Net sales tumbled around 30% from a year earlier. In terms of profit, an operating loss of 88 million yen was recorded, mainly on ac
Slide 4: Ratio of Operating Income to Net Sales (Quarterly)
Ratio of Operating Income to Net Sales (Quarterly) Including sales of Chinese subsidiaries during Jan-Mar 2017 (approx. 3,500 million yen) Net sales Operating income margin fell Food processing machinery sales grew in 4Q. Record-high EDM sales remained weak owing to lower sales owing to spec
Slide 5: Details of Changes in Operating Income
Details of Changes in Operating Income Due to the spread of COVID-19, SG&A expenses declined thanks largely to a decrease in sales commissions associated with lower sales volume and a decrease in travel expenses as a result of the restriction on business trips. However, an operating loss of 88 mil
Slide 6: Financial Results by Segment
Financial Results by Segment (million yen) FY20/12 1Q FY19/12 1Q FY20/12 YoY chg. Full-year projection Actual Actual (Amount) (Rate) Machine tool ● 13,362 8,238 -5,124 -38.3% 45,400 segment Industrial machinery ● 2,320 2,556 235 10.2% 9,700 segment Food processing Net sales ● machinery segment 1,776
Slide 7: Financial Results by Segment: Machine Tool
Financial Results by Segment (million yen) ■ Machine Tool Segment Net sales (Quarterly) Net sales • The spread of COVID-19 had a significant negative 20,000 impact on not only China’s economy, the Company’s 16,613 largest customer market, but also the global economy as 16,000 15,136 13,366 13,490 13
Slide 8: Financial Results by Segment: Industrial Machinery
Financial Results by Segment (million yen) ■ Industrial Machinery Segment Net sales (Quarterly) Net sales 4,000 • Despite a slowdown in economic activity due to the 3,419 global spread of COVID-19, demand from 2,754 3,029 3,000 manufacturers of 5G smartphone antenna 2,424 2,557 2,320 2,531 2,556 com
Slide 9: Financial Results by Segment: Food Processing Machinery
Financial Results by Segment (million yen) ■ Food Processing Machinery Segment Net sales (Quarterly) Net sales • There was a rising demand for noodle-making equipment 3,000 2,813 from existing customers for maintenance and equipment upgrades as well as for hygiene and labor saving. 2,146 • Sales wer
Slide 10: Financial Results by Segment: Other Segments
Financial Results by Segment (million yen) ■ Other Segments Net sales (Quarterly) 2,000 Net sales 1,588 1,714 1,603 1,781 • Demand was recovering in precision die and 1,500 1,486 1,369 1,346 1,453 molding business. 1,240 • Demand for ceramics continued to slow due to 1,000 the spread of COVID-19. 50
Slide 11: Net Sales by Segment
Net Sales by Segment Machine tool segment Industrial machinery segment Food processing machinery segment Maintenance services and consumables Maintenance services and consumables Maintenance services and consumables Machine tool sales Industrial machinery sales Food processing machinery sales (milli
Slide 12: Overseas Sales Ratio by Segment
Overseas Sales Ratio by Segment Sales in Japan, China, and Asia plunged, with overseas sales ratio standing at 57.2%. North and South (million yen) Japan Europe Greater China Asia America 10,000 8,000 Others Food processing 6,000 machinery Industrial machinery 4,000 Machine tools 2,000 0 1Q 2019/1
Slide 13: Balance Sheet
Balance Sheet Net interest-bearing debt totaled 4,150 million yen (down 613 million yen from the end of the previous fiscal year). Assets Liabilities and net assets (million yen) (million yen) 120,000 114,647 114,647 113,650 113,650 120,000 17,264 17,663 Other その他負債 100,000 100,000 33,873 liabilit
Slide 14: 1Q FY20/12 Topics
1Q FY20/12 Topics 1 New Year Private Shows Held at West Japan Branch and East Japan Branch We held private shows at our West Japan Branch and East Japan Branch in February 2020. By unveiling a new die-sinker EDM AL40G whose launch was announced in October last year, and showcasing high-precision mol
Slide 15: FY20/12 Financial Results Projections
I. 1Q FY20/12 Financial Results Summary II. FY20/12 Financial Results Projections (Reference Materials) 15
Slide 16: Market Environment
Market Environment Japan: Despite the government's subsidy policy and potential demand, such as that for the replacement of aging facilities, the future is uncertain due to suspension of business activities and postponement of capital investment caused by the spread of COVID-19. North America an
Slide 17: FY20/12 Financial Results Projections
FY20/12 Financial Results Projections Because the impact of the global spread of COVID-19 has not been examined carefully, the full-year FY20/12 financial results projections announced in February 2020 remain unchanged. (million yen) FY20/12 FY19/12 1Q FY20/12 Progress Full-year Full-year toward I
Slide 18: FY20/12 Financial Results Projections (by Segment)
FY20/12 Financial Results Projections (by Segment) (million yen) FY20/12 Machine tool segment / 1Q FY20/12 Progress FY19/12 Full-year Industrial machinery segment toward Actual Projection projection Actual Although there is potential demand for high- precision machines in the automotive and Machin
Slide 19: Reference Materials
I． 1Q FY20/12 Financial Results Summary II. FY20/12 Financial Results Projections (Reference Materials) 19
Slide 20: Reference Materials: Domestic and Overseas Sites
Reference Materials: Domestic and Overseas Sites NEW NEW Sodick America Sodick, Inc. Shanghai Sodick Miyazaki Plant Kaga Plant Corporation(San Jose) (Chicago) Software Co., Ltd. (Multi-factory) Head Office and Research and Technology Center NEW Sodick Europe Ltd. (U.K.) Fukui Plant Ｑ Sodick Deutschl
Slide 21: Reference Materials: Participation in Major Exhibitions
Reference Materials: Participation in Major Exhibitions The Company will participate in domestic and overseas exhibitions, thereby engaging in proactive marketing. New schedule Period (In case of Location Exhibition Notes postponement) 2020 Exhibit injection molding machines 2021 Apr. 21-24 China S
Slide 22: Status of Responses to the Spread of COVID-19
Reference Materials: Status of Responses to the Spread of COVID-19 Status of responses at our major sites is as shown below (as of May 12). Site Location Operation status Began partial operations on Friday, February 14 Suzhou Plant Suzhou, Jiangsu Province Almost normal operation status Began parti
Slide 23: Disclaimer
Disclaimer 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 Instr