Kurita Water Industries Ltd. · TSE:6370
Kurita Water Industries — 9M FY2018 Earnings Presentation
21 slides from Kurita Water Industries's earnings presentation, Feb 12, 2019
Slide 1: Results Presentation for the First Nine Months of the Fiscal Year Ending March 31, 2019
Kurita Water Industries Ltd. Results Presentation for the First Nine Months of the Fiscal Year Ending March 31, 2019 (Securities code: 6370) February 12, 2019
Slide 2: Table of Contents
Table of Contents Consolidated Financial Results for the First Nine Months of 1 the Fiscal Year Ending March 31, 2019 p1-8 2 Forecast for the Fiscal Year Ending March 31, 2019 p 9 -16
Slide 3: Consolidated Financial Results for the First Nine Months
Consolidated Financial Results for 1 the First Nine Months of the Fiscal Year Ending March 31, 2019
Slide 4: Overview of Results
Overview of Results 3Q of FY ended 3Q of FY ending (Billions of Yen) 03/2018 03/2019 YoY Change Orders 187.9 200.6 +6.7% Net Sales 163.5 193.7 +18.5% Operating Income 14.9 17.3 +16.1% Ordinary Income 14.7 17.6 +19.4% Extraordinary Gains and 4.0 3.5 — Losses, net Net Income Attributable to 13.5 12.9
Slide 5: Results by Segment
Results by Segment (Billions of Yen) 3Q of FY ended 3Q of FY ending YoY Change ⚫ Orders and net sales increased in both the 03/2018 03/2019 Water Treatment Chemicals Business and the Orders 187.9 200.6 +12.7 Water Treatment Facilities Business. Net Sales 163.5 193.7 +30.2 ⚫ In both segments, the cos
Slide 6: Water Treatment Chemicals
Water Treatment Chemicals 3Q of FY ended 3Q of FY ending (Billions of Yen) YoY Change ⚫ Domestic net sales increased 2.7%. 03/2018 03/2019 Orders 66.5 77.8 +11.3 ⚫ Overseas net sales increased robustly on Domestic 33.4 34.6 +1.2 business growth, mainly in Asia, and the inclusion of South Korean subs
Slide 7: Water Treatment Facilities (for the domestic electronics industry)
Water Treatment Facilities (for the domestic electronics industry) (Billions of Yen) 3Q of FY ended 3Q of FY ending YoY Change ⚫ There was a continued flow of large project 03/2018 03/2019 orders from semiconductor and electronics Orders 39.6 48.2 + 8.6 components customers. Facilities 6.2 10.7 + 4.
Slide 8: Water Treatment Facilities (for domestic general industries)
Water Treatment Facilities (for domestic general industries) (Billions of Yen) 3Q of FY ended 3Q of FY ending YoY Change ⚫ Orders for facilities for the electric power 03/2018 03/2019 industry increased, while orders for facilities Orders 47.9 48.1 +0.2 for general industries decreased. Energy and I
Slide 9: Water Treatment Facilities (Overseas)
Water Treatment Facilities (Overseas) (Billions of Yen) 3Q of FY ended 3Q of FY ending 03/2018 03/2019 YoY Change ⚫ Orders decreased in China and South Korea. Orders 33.9 26.5 (7.4) ⚫ Net sales of facilities in China and South Korea increased due to progress in Facilities 26.4 17.1 (9.3) constructio
Slide 10: Breakdown of Service Business Sales
Breakdown of Service Business Sales (Billions of Yen) 3Q of FY ended 3Q of FY ending YoY Change ⚫ Net sales in the Ultrapure Water Supply 03/2018 03/2019 Business increased. Water Treatment 66.5 77.4 +10.9 Chemicals ⚫ In the domestic maintenance business, net Water Treatment Facilities 69.6 81.0 +11
Slide 11: Capital Expenditures, Depreciation and R&D Expenses
Capital Expenditures, Depreciation and R&D Expenses (Billions of Yen) 3Q of FY ended 3Q of FY ending YoY Change ⚫ Progress was in line with full-year forecasts. 03/2018 03/2019 Capital Expenditures (Property, Plant and 15.0 24.3 +9.3 Equipment) Ultrapure Water Supply Business 12.4 18.2 +5.9 Other th
Slide 12: Forecast for the Fiscal Year Ending March 31, 2019
2 Forecast for the Fiscal Year Ending March 31, 2019
Slide 13: Overview of Plan
Overview of Plan FY ended 03/2018 FY ending 03/2019 (Billions of Yen) Previous Forecast (Results) (Forecast) YoY Change Orders 251.4 256.0 +1.8% 256.0 Net Sales 236.8 260.0 +9.8% 260.0 Operating Income 22.5 24.0 +6.8% 24.0 Ordinary Income 22.1 24.2 +9.5% 24.2 Extraordinary Gains and 3.4 3.0 — — Loss
Slide 14: Forecasts by Segment
Forecasts by Segment FY ended FY ending Previous ⚫ The orders and net sales forecasts for the (Billions of Yen) 03/2018 03/2019 YoY Change (Results) (Forecast) Forecast Water Treatment Chemicals Business have been revised slightly downward. Orders 251.4 256.0 +4.6 256.0 ⚫ The orders and net sales fo
Slide 15: Water Treatment Chemicals
Water Treatment Chemicals FY ending FY ended 03/2018 Previous (Billions of Yen) (Results) 03/2019 YoY Change Forecast ⚫ Orders and net sales forecasts for domestic (Forecast) business have been revised slightly upward, Orders 90.4 101.8 +11.4 102.0 while orders and net sales forecasts for Domestic 4
Slide 16: Water Treatment Facilities (for the domestic electronics industry)
Water Treatment Facilities (for the domestic electronics industry) FY ended 03/2018 FY ending Previous ⚫ The facilities orders forecast is revised (Billions of Yen) 03/2019 YoY Change (Results) (Forecast) Forecast upward. Orders 55.3 60.3 +5.0 59.3 ⚫ Ultrapure Water Supply Business results are forec
Slide 17: Water Treatment Facilities (for domestic general industries)
Water Treatment Facilities (for domestic general industries) FY ended 03/2018 FY ending Previous ⚫ The orders and net sales forecasts for (Billions of Yen) 03/2019 YoY Change (Results) (Forecast) Forecast facilities for electric power and soil remediation have been revised upward. Orders 56.5 64.4 +
Slide 18: Water Treatment Facilities (Overseas)
Water Treatment Facilities (Overseas) (Billions of Yen) FY ended 03/2018 FY ending 03/2019 Previous YoY Change (Results) (Forecast) Forecast ⚫ The orders forecast is mostly unchanged. Orders 49.3 29.5 (19.8) 29.6 ⚫ The full-year net sales forecast for facilities is Facilities 39.1 18.1 (21.0) 18.2 r
Slide 19: Breakdown of Service Business Sales
Breakdown of Service Business Sales FY ended 03/2018 FY ending Previous ⚫ The net sales forecast in the Ultrapure (Billions of Yen) 03/2019 YoY Change (Results) (Forecast) Forecast Water Supply Business is revised upward. Water Treatment 90.4 101.4 +11.0 101.9 ⚫ The net sales forecast for domestic C
Slide 20: Capital Expenditures, Depreciation and R&D Expenses
Capital Expenditures, Depreciation and R&D Expenses FY ending (Billions of Yen) FY ended 03/2018 03/2019 YoY Change Previous ⚫ The previous forecast is unchanged. (Results) Forecast (Forecast) Capital Expenditures 22.1 36.0 +13.9 36.0 (Property, plant and equipment) Ultrapure Water Supply Business 1
Slide 21: Forward-looking Statements
Forward-looking Statements This presentation contains forward-looking statements, business plan projections, and judgments based on information available to management at the time of writing. Due to the existence of a variety of risk factors and uncertainties, actual results may differ from those sp
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