Slide 1: Nabtesco Corporation
Securities Code：6268 Nabtesco Corporation August 8, 2024 The forecast data presented herein reflects assumed results based on conditions that are subject to change. Nabtesco Corporation does not make representations as to, or warrant, in whole or in part, the attainment or realization of any of the
Slide 2: Summary and Agenda
Summary and Agenda FY2024/12 ■ Net Sales ：¥152.5 billion（YoY -6.4%) H1 result (Consolidated) ■ O.P. ：¥ 6.4 billion（ YoY -26.0%) ■ Net Sales ：¥323.7 billion (Compare to Plan as of April 30: ±0%) FY2024/12 Full-year forecast ■ O.P. ： ¥13.5 billion（Compare to Plan as of April 30: ±0%) (Consolidated) Re
Slide 3: FY2024/12 H1 result
FY2024/12 H1 result © Nabtesco 3
Slide 4: Summary of FY2024/12 H1 result (YoY)
Summary of FY2024/12 H1 result (YoY) Sales ■Although favorable demand increased the sales of TRS and ACB, overall sales decrease JPY billion mainly because of weak demand in Precision Reduction Gears. 170.0 150.0 23.1 6.6 0.1 5.9 130.0 FOREX +3.2 billion Packaging Machines +0.5billion Precision Redu
Slide 5: FY2024/12 H1 Result ~P&L~
FY2024/12 H1 Result ～P&L～ ■Revenues and profits declined YoY. Relative to plan, profits improved significantly due to cost control and other factors, despite impairment loss in MFR. FY2023/12 FY2024/12 FY2024/12 YoY Compare to plan (JPY billion) H1 Plan H1 result H1 result Variation Variation (As of
Slide 6: FY2024/12 H1 Result ~Balance Sheet~
FY2024/12 H1 Result ～Balance Sheet～ ■Asset increased due to preparation of Hamamatsu Plant. Equity increased due to yen depreciation. FY2023/12 FY2024/12 H1 (JPY billion) Variation As of December 31, 2023 As of June 30, 2024 Assets 422.1 433.3 11.3 （Cash and cash equivalents） 77.8 78.2 0.3 （Trade re
Slide 7: FY2024/12 Full-year Plan
FY2024/12 Full-year Plan © Nabtesco 7
Slide 8: Market Trend Change for FY2024/12
Market Trend Change for FY2024/12 Trend Business Market Environment (Initial plan）⇒（H2 forecast） Precision Reduction Demand for industrial robots will be sluggish due to the economic downturn in China and other regions, and inventory adjustments for completed robots will continue. Full-scale ⇒ Gears
Slide 9: Summary of FY2024/12 Full-year Forecast
Summary of FY2024/12 Full-year Forecast Sales ■Demand recovery for precision reduction gears is expected to be slower than initially JPY billion expected. Full-year forecast was revised based on the updated exchange rates. 330.0 0.9 5.6 5.4 320.0 1.1 Packaging -0.9 billion FOREX +2.4 billion Precisi
Slide 10: Analysis of Factors Caused Changes in Operating Profit (April 30 vs July 31 plan)
Analysis of Factors Caused Changes in Operating Profit （Comparison of April 30 plan and July 31 plan) ■Curbing costs and price pass through offset the impact of lower sales and maintained profit plan. JPY billion 14.5 14.0 0.3 0.7 0.7 13.5 1.9 1.6 13.0 12.5 13.5 13.5 12.0 ・Optimization of human reso
Slide 11: Actions for profitable growth
Actions for profitable growth © Nabtesco 11
Slide 12: Progress in Project 10
Progress in Project 10 ■FY2024/12 operating profit forecast improves +0.4pt compared to initial plan. Profit improvement measures are expected to contribute positively. Improvement expected Profitability improvement plan by 2026 Actions in 2024 Effects of Major Measures in FY2024 （compare to FY2024
Slide 13: Growth Area of Existing Business (TRS): Aircraft Equipment
Growth Area of Existing Business(TRS) : Aircraft Equipment ■In addition to market growth expected for both defense and commercial aviation sectors, aim for further growth through measures to expand sales and productivity improvement ［Market］ Commercial Aircraft (OEM) Commercial Aircraft (MRO) For De
Slide 14: Growth Area of Existing Business (TRS): Marine Vessels Equipment
Growth Are of Existing Business(TRS) : Marine Vessels Equipment ■Increase in demand for new vessels and others to respond to tighter environment regulations. Aiming to continue expansion of automated operational support systems sales. ［ Market ］ Production amount Renew IMO Market for automated opera
Slide 15: New development: Path to realize Smart Motion Control
New development Path to realize “Smart Motion Control”： Promote electrification through Inter-business Synergies ■Promoting electrification, one of our efforts to realize smart motion control, through the use of Precision Reduction Gears technologies Case1 Hydraulic Equipment：For Electrification of
Slide 16: Appendix
Appendix © Nabtesco Nabtesco
Slide 17: Order Trend and Production Capacity in Precision Reduction Gears
Order Trend and Production Capacity in Precision Reduction Gears 450 《Order Trend in Precision Reduction Gears》 《Production capacity in precision reduction gears》 Globally:1.06million units per year 【Utilization ratio】 5 years ■Japan (Tsu) Plant:60％ (@890K units/year) 400 ■China Plant : 85% (@170K u
Slide 18: FY2024/12 CAPEX, R&D Expenses, Depreciation
FY2024/12 CAPEX, R&D Expenses, Depreciation ■No change for initial CAPEX plan FY2023/12 FY2024/12 YoY 2024/12 2023/12 Full year plan (JPY billion) H1 result H1 result Variation As of July 31 Full year result (B-A) (A) (B) (no change) CAPEX 11.0 10.3 -0.7 27.5 29.7 R&D 5.4 5.6 0.2 14.0 11.0 Depreciat
Slide 19: Analysis of Factors Caused Changes in Operating Profit (YoY)
Analysis of Factors Caused Changes in Operating Profit（YoY) ■Profit decreased due to sales decrease in precision reduction gears despite the effort of cost cutback and price pass through. JPY billion 12.0 10.0 1.4 8.0 5.4 6.0 1.0 1.4 4.0 8.7 0.7 6.4 2.0 0.0 2023/12 FOREX Impact from sales Impairment
Slide 20: Result for FY2024/12 H1 by Segment (CMP, TRS)
Result for FY2024/12 H1 by Segment (Compare to plan) Component Solution Segment（CMP） Transport Solution Segment（TRS） Sales (JPY billion) Sales (JPY billion) 74.8 Railroad Vehicle 42.6 42.1 Precision Reduction Equipment 36.2 Gears 52.2 51.7 Aircraft Equipment 11.3 11.2 Hydraulic Equipment 50.2 10.5 C
Slide 21: Result for FY2024/12 H1 by Segment (ACB, MFR)
Result for FY2024/12 H1 by Segment (Compare to plan) Accessibility Solution Segment（ACB） Manufacturing Solution Segment（MFR） Sales (JPY billion） Sales (JPY billion） 8.7 50.9 7.8 7.7 Packaging Machines 48.0 Others Automatic 7.0 8.4 44.3 50.9 7.5 Doors 48.0 44.3 0.7 0.3 0.3 2023/12 2024/12 2024/12 202
Slide 22: FY2024/12 H1 Sales by Geographic Segment
FY2024/12 H1 Sales by Geographic Segment FY2023/12 H1 result FY2024/12 H1 result Others 0.5% Others 1.0% (0.8 billion yen) (1.5 billion yen) Europe 17.2% Europe 20.0% (28.1 billion yen) (30.5 billion yen) North America 7.6% (12.4 billion yen) 163.0 Japan 53.3% North America 8.9% 152.5 Japan 49.0% (8
Slide 23: Breakdown in CAPEX
Breakdown in CAPEX By Segment HQ HQ 5% MFR 5% MFR HQ MFR 2% 6% 2% ACB 9% ACB 2% 6% ACB 10% TRS TRS 15% TRS 10% 10.3 27.5 11.0 13% CMP JPY billion JPY billion CMP JPY billion CMP 69% 71% 76% By Usage New products New products Others Others 4% （Environment, renewal 7% Others New products （Environment,
Slide 24: FOREX
FOREX ■Exchange rate FY2023/12 FY2024/12 FY2024/12 FY2024/12 2024/12 (yen） H1 Act +H2 Plan H1 Actual H1 Actual Initial Plan H2 plan as of July 31 USD 136.54 154.06 135.00 149.53 145.00 RMB 19.54 21.52 18.50 20.76 20.00 EUR 147.93 166.12 150.00 160.56 155.00 CHF 149.75 172.57 155.00 166.28 160.00 ■FO
Slide 25: Component Solutions Segment (CMP) / Transport Solutions Segment (TRS)
Component Solutions Segment (CMP) Sales(JPY billion) 138.1 140.6 138.1 113.8 119.3 116.5 107.2 109.9 110.9 Precision Reduction Gears 82.4 77.5 89.7 65.8 91.6 72.6 54.9 55.8 74.3 67.5 Hydraulic Equipment 53.0 53.4 52.2 54.0 60.6 51.0 41.3 46.5 42.2 43.4 27.5 2016/12 2017/12 2018/12 2019/12 2020/12 20
Slide 26: Accessibility Solutions Segment (ACB) / Manufacturing Solutions Segment (MFR)
Accessibility Solutions Segment (ACB) Sales(JPY billion) 102.4 96.3 97.0 76.0 80.0 75.1 78.6 72.4 73.7 64.6 Automatic Doors 96.3 97.0 102.4 72.4 76.0 80.0 73.7 75.1 78.6 64.6 2016/12 2017/12 2018/12 2019/12 2020/12 2021/12 2022/12 2023/12 2024/12 2024/12 Plan as of April Plan as of July Result Resul
Slide 27: Main Products: Component Solutions Segment (CMP)
Main Products: Component Solutions Segment (CMP) The market share is estimated by Nabtesco Precision Reduction Gears Others No.1 Joints of Medium and Large Size Nabtesco Industrial Robots 60％ Approx. 60％ World Market Share Hydraulic Equipment Nabtesco ■ Traveling Units for Hydraulic Excavators 25％
Slide 28: Main Products: Transport Solutions Segment (TRS)
Main Products: Transport Solutions Segment (TRS) The market share is estimated by Nabtesco Railroad Vehicle Equipment Others No.1 Approx. 50％ Domestic Market Share Brake Systems Nabtesco 50％ ■ Door Operating Systems Others No.1 Nabtesco 60％ Approx. 60％ Domestic Market Share Aircraft Equipment No.1
Slide 29: Main Products: Transport Solutions Segment (TRS)
Main Products: Transport Solutions Segment (TRS) The market share is estimated by Nabtesco Commercial Vehicle Equipment Others ■ Wedge Chambers Nabtesco 75％ No.1 Approx. 75％ Domestic Market Share Others ■ Air Dryers Nabtesco 70％ No.1 Approx. 65％ Domestic Market Share Marine Vessel Equipment ■ 2ST Ma
Slide 30: Main Products: ACB and MFR Segments
Main Products: Accessibility Solution Segment (ACB) The market share is estimated by Nabtesco Automatic Doors No.1 ■Platform Screen Doors ■ Automatic Doors Others Nabtesco Approx. 55％ Others No.1 55％market share for building Nabtesco Approx. 95％ automatic doors in Japan 95％ Domestic Market Share (to