Slide 1: Consolidated Financial Results
Fiscal Year Ended March 31, 2024 (April 1, 2023–March 31, 2024) Consolidated Financial Results May 10, 2024 [6383]
Slide 2: Financial Summary
Financial Summary Fiscal 2023 results Orders received Net sales Operating income Operating margin ¥ 620.3 billion ¥ 611.4 billion ¥ 62.0 billion 10.2% YoY YoY YoY YoY -¥ 117.1 billion +¥ 9.5 billion +¥ 3.2 billion + 0.4pt -15.9％ +1.6％ +5.5％ Orders received were almost in line with the initial Sales
Slide 3: Financial Results
01 Financial Results © 2024 Daifuku Co., Ltd. 2
Slide 4: Fiscal 2023 Results (April 1, 2023-March 31, 2024)
Fiscal 2023 Results (April 1, 2023ｰMarch 31, 2024) Sales, operating income, ordinary income, and net income attributable to shareholders of the parent company reached new record highs for the second consecutive year. YoY change (Billion yen) FY2022 FY2023 Amount Rate Orders received 737.4 620.3 -117
Slide 5: Factors for Change in Operating Income
Factors for Change in Operating Income Sales increased by 9.5 billion yen. However, if the 18.7 billion yen increase in 01 sales due to exchange rate fluctuations is excluded, sales decreased. 02 Gross profit margins improved mainly at non-Japan subsidiaries. (Billion yen) 02 01 © 2024 Daifuku Co.,
Slide 6: Results by Reportable Segment
Results by Reportable Segment Daifuku Daifuku North America There was a decline in orders for intralogistics systems and also in orders for Sales remained favorable in all areas. Segment income increased, mainly 01 cleanroom systems, which had seen a significant increase in orders received 02 reflec
Slide 7: Consolidated Balance Sheets
Consolidated Balance Sheets (Billion yen) March 31, 2023 March 31, 2024 Change (Billion yen) March 31, 2023 March 31, 2024 Change Current assets 433.1 496.4 +63.2 Current liabilities 202.8 211.3 +8.5 Cash on hand and Notes and accounts in banks 102.7 142.0 +39.2 94.0 80.5 -13.5 payable Notes and acc
Slide 8: Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows (Billion yen) Operating activities Investing activities YoY Financing activities Free cash flow (Billion yen) FY2022 FY2023 56.6 change 46.8 55.0 Cash flows from operating activities 20.0 37.1 +17.0 37.1 20.0 22.7 Cash flows from investing activities -11.8 -29.5
Slide 9: Orders Received, Net Sales, and Operating Margin
Orders Received, Net Sales, and Operating Margin Orders received Net sales Operating margin (Billion yen) 10.2% 9.8% 9.8% 9.4% 737.4 601.9 620.3 611.4 589.0 512.2 451.0 473.9 FY2020 FY2021 FY2022 FY2023 © 2024 Daifuku Co., Ltd. 8
Slide 10: Orders by Destination
Orders by Destination Japan North America China South Korea, Taiwan 01 Orders for intralogistics systems 02 Orders were driven by 03 Orders were driven by cleanroom 04 Orders declined for cleanroom and cleanroom systems fell short Intralogistics systems and airport systems for the semiconductor syst
Slide 11: Sales by Destination
Sales by Destination Japan North America China South Korea, Taiwan 01 Sales in automotive systems 02 Sales were driven by automotive 03 Sales were driven by cleanroom 04 Sales declined in cleanroom remained strong. systems and airport systems. systems for the semiconductor systems for the semiconduc
Slide 12: Orders by Industry
Orders by Industry Electronics Commerce, retail Food 01 Orders declined for cleanroom 02 Orders declined, as e-commerce- 03 Orders were received for large systems for the semiconductor related investments in Japan projects in North America. sector, which had seen a significant experienced a temporar
Slide 13: Sales by Industry
Sales by Industry Automobile, auto parts, airport Electronics Commerce, retail 01 Sales were strong, underpinned by 02 Sales declined slightly but remained 03 Sales declined, as e-commerce- an extensive order backlog in at a high level due to strong sales related investments in Japan North America.
Slide 14: Liabilities, Fixed Costs, Employees (Consolidated)
Liabilities, Fixed Costs, Employees (Consolidated) YoY (Billion yen) FY2020 FY2021 FY2022 FY2023 change Total liabilities 35.1 26.3 11.4 70.6 +59.1 Short-term 15.5 22.4 10.3 9.4 -0.9 Long-term 19.6 3.9 1.1 61.1 +60.0 D/E ratio* (times) 0.14 0.09 0.03 0.20 － Fixed costs 117.4 119.7 138.6 148.3 +9.6 P
Slide 15: Financial Condition
Financial Condition Net assets ROE Retained earnings increased by 31.4 billion yen and foreign currency translation Continued to secure a ROE of 10% or higher (the Value Transformation 2023 01 adjustments increased by 8.4 billion yen, resulting in an increase of 26.4 billion 02 plan target). yen fro
Slide 16: Quarterly Orders, Sales, and Operating Margin
Quarterly Orders, Sales, and Operating Margin 01 Profitability improved, due to increased service sales and profitable projects. 01 Orders received Net sales Operating margin 14.4% 12.1% 11.2% 11.5% 10.0% 9.6% 9.9% 8.7% 8.0% 7.9% 7.4% 6.1% FY2021 FY2022 FY2023 (Billion yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q
Slide 17: Order Backlogs
Order Backlogs Order backlogs remain at a high level. (Billion yen) 616.0 601.1 598.9 596.9 588.1 583.6 574.2 532.3 447.0 451.8 393.2 398.9 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2021 FY2022 FY2023 © 2024 Daifuku Co., Ltd. 16
Slide 18: Service Sales
Service Sales Service sales increased steadily. Service sales Ratio to net sales 31% 31% 29% 30% 29% 28% 27% 27% 27% 25% 25% 24% 52.3 47.7 47.6 41.5 43.1 39.2 40.1 34.8 34.5 36.4 32.9 28.9 FY2021 FY2022 FY2023 (Billion yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Total 136.0 158.8 184.6 © 2024 Daifuku C
Slide 19: Quarterly Orders Received by Industry
Quarterly Orders Received by Industry FY2021 FY2022 FY2023 (Billion yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Automobile, auto parts 15.3 17.0 13.0 12.0 18.0 22.4 23.5 25.7 19.5 19.0 17.0 37.2 Electronics 44.9 41.6 75.3 71.5 98.4 87.2 54.2 31.4 40.6 58.2 39.7 52.7 Commerce, retail 40.1 43.5 47.3 25.9
Slide 20: Quarterly Net Sales by industry
Quarterly Net Sales by industry FY2021 FY2022 FY2023 (Billion yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Automobile, auto parts 13.7 13.9 15.0 16.2 11.5 14.7 17.5 21.6 16.1 19.1 21.1 25.0 Electronics 40.0 31.9 35.7 43.6 43.2 52.6 63.4 56.4 44.9 48.5 50.8 59.2 Commerce, retail 37.2 40.9 34.1 42.7 41.6
Slide 21: Earnings Forecast
02 Earnings Forecast © 2024 Daifuku Co., Ltd. 20
Slide 22: Fiscal 2024 Forecast (Consolidated)
Fiscal 2024 Forecast (Consolidated) FY2023 FY2024 forecast YoY change (Billion yen) FY Adjusted H1 (b-a) (c-a) FY H1 H1 (12 months) [a] [b] Amount Rate Amount Rate Amount Rate [c] Orders 294.3 620.3 338.0 575.0 630.0 +43.6 +14.8% -45.3 -7.3% +9.6 +1.6% Net sales 281.2 611.4 294.0 550.0 630.0 +12.7 +
Slide 23: Dividends
Dividends We regard the return of profits to shareholders as our most important management task and provide stable returns to shareholders as a policy. We plan to increase the consolidated dividend payout ratio, although net income, which is the source of dividends, will decrease from 01 the previou
Slide 24: Capital Investment, Depreciation, R&D Expenses (Consolidated)
Capital Investment, Depreciation, R&D Expenses (Consolidated) Capital investment, depreciation R&D expenses Capital investment Deprecation & amortization R&D expenses Ratio to net sales (Billion yen) (Billion yen) 2.1% 25 18.0 2.1% 21.4 1.9% 16.0 1.8% 20 1.7% 16.8 14.0 14.8 11.2 11.6 10.7 12.0 10.4
Slide 25: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements The strategies, beliefs and plans related to future business performance as described in this document are not established facts. They are business prospects based on the assumptions and beliefs of the management team judging from the m