Daifuku Co., Ltd. · TSE:6383
Daifuku — H1 FY2024 Earnings Presentation
24 slides from Daifuku's earnings presentation, Nov 8, 2024
Slide 1: Consolidated Financial Results
First Half of the Fiscal Year Ending December 31, 2024 (April 1, 2024–September 30, 2024) Consolidated Financial Results November 8, 2024 [6383]
Slide 2: Financial Summary
Financial Summary Fiscal 2024 H1 results Orders received Net sales Operating income Operating margin ¥ 333.9 billion ¥ 302.6 billion ¥ 38.1 billion 12.6% YoY YoY YoY YoY +¥ 39.6 billion +¥ 21.3 billion +¥ 19.0 billion + 5.8pt +13.5％ +7.6％ +100.1％ Orders increased year-on-year, with significant Sales
Slide 3: Financial Results
01 Financial Results © 2024 Daifuku Co., Ltd. 2
Slide 4: Fiscal 2024 H1 Results (April 1, 2024-September 30, 2024)
Fiscal 2024 H1 Results (April 1, 2024ｰSeptember 30, 2024) Sales, operating income, ordinary income, and net income attributable to shareholders of the parent company reached new record highs for the first half of the fiscal year. YoY change (Billion yen) FY2023 H1 FY2024 H1 Amount Rate Orders receiv
Slide 5: Factors for Change in Operating Income
Factors for Change in Operating Income The gross margin was closely aligned with progress in revising prices to keep 01 pace with higher costs linked to soaring raw material and labor expenses. (Billion yen) 01 © 2024 Daifuku Co., Ltd. 4
Slide 6: Results by Reportable Segment
Results by Reportable Segment Daifuku Sales remained favorable in all business areas. Segment income increased, mainly Daifuku North America 01 reflecting increased sales and progress in revising prices to keep pace with higher 02 Orders were driven by airports systems. costs. Daifuku (Suzhou) Clean
Slide 7: Consolidated Balance Sheets
Consolidated Balance Sheets (Billion yen) Mar. 31, 2024 Sep. 30, 2024 Change (Billion yen) Mar. 31, 2024 Sep. 30, 2024 Change Current assets 496.4 529.8 +33.4 Current liabilities 211.3 217.7 +6.3 Cash on hand and Notes and accounts in banks 142.0 199.7 +57.7 80.5 74.4 -6.1 payable Notes and accounts
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) FY2023 H1 FY2024 H1 change 68.7 68.0 65.0 Cash flows from operating activities 1.4 68.0 +66.6 32.3 Cash flows from investing activities -12.2 0.6 +12.9
Slide 9: Orders and Sales by Destination
Orders and Sales by Destination Japan North America China South Korea, Taiwan 01 Orders decreased in intralogistics 02 Orders increased in intralogistics 03 Sales increased in cleanroom 04 Orders increased due to a systems and automotive systems. systems, automotive systems and systems for the semic
Slide 10: Orders and Sales by Industry
Orders and Sales by Industry Automobile, auto parts Electronics Commerce, retail Airport 01 Orders increased in North 02 Orders for cleanroom systems for legacy 03 Orders reflected a strong 04 Orders were strong in North America. semiconductors remained at a high level, performance in North America.
Slide 11: Quarterly Orders, Sales, and Operating Margin
Quarterly Orders, Sales, and Operating Margin Profitability improved, mainly reflecting progress in revising prices to keep pace with higher costs caused by soaring raw material and 01 labor expenses. 01 Orders received Net sales Operating margin 14.4% 13.8% 11.2% 11.5% 11.3% 9.6% 9.9% 7.9% 7.4% 6.1
Slide 12: Order Backlogs
Order Backlogs 01 Orders backlogs remained at a high level on a quarterly basis. 01 635.5 628.2 636.9 (Billion yen) 616.0 601.1 598.9 596.9 588.1 583.6 574.2 532.3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 H2 FY2022 FY2023 FY2024 © 2024 Daifuku Co., Ltd. 11
Slide 13: Service Sales
Service Sales Service sales Ratio to net sales 31% 31% 31% 30% 29% 29% 27% 26% 25% 25% 52.3 47.7 47.6 43.1 45.1 40.1 41.5 40.5 34.5 36.4 FY2022 FY2023 FY2024 (Billion yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 158.8 148.9 Total 184.6 (forecast) © 2024 Daifuku Co., Ltd. 12
Slide 14: Quarterly Orders Received by Industry
Quarterly Orders Received by Industry FY2022 FY2023 FY2024 (Billion yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Automobile, auto parts 18.0 22.4 23.5 25.7 19.5 19.0 17.0 37.2 18.9 30.2 Electronics 98.4 87.2 54.2 31.4 40.6 58.2 39.7 52.7 49.0 52.9 Commerce, retail 50.3 34.1 79.3 24.0 22.2 27.1 55.7 34.3 39.6
Slide 15: Quarterly Net Sales by Industry
Quarterly Net Sales by industry FY2022 FY2023 FY2024 (Billion yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Automobile, auto parts 11.5 14.7 17.5 21.6 16.1 19.1 21.1 25.0 16.4 21.6 Electronics 43.2 52.6 63.4 56.4 44.9 48.5 50.8 59.2 48.3 56.5 Commerce, retail 41.6 40.4 38.7 40.0 36.2 36.0 38.5 36.6 33.6 30.2 T
Slide 16: Earnings Forecast
02 Earnings Forecast © 2024 Daifuku Co., Ltd. 15
Slide 17: Change in Fiscal Year-End to December 31, 2024
Change in Fiscal Year-End to December 31, 2024 Effective with the resolution passed at the Ordinary General Meeting of Shareholders held on June 21, 2024, the fiscal year-end of the Daifuku Group has been changed from March 31 every year to December 31 every year. The fiscal year ending December 31,
Slide 18: Earnings Forecast Summary
Earnings Forecast Summary Orders received Net sales Operating income FY2024 Forecast ¥ 590.0 bn ¥ 550.0 bn ¥ 64.0 bn OP11.6% margin From the August forecast From the August forecast From the August forecast Unchanged Unchanged Revised upward by ¥8.0 bn +1.4pt FY2024 Reference (Japan: 12 months) ¥ 66
Slide 19: Fiscal 2024 Forecast (Consolidated)
Fiscal 2024 Forecast (Consolidated) FY2023 FY2024 YoY change Announced on Reference (Japan: 12 months) (b-a) (Billion yen) FY Change Announced on [a] May 10 Aug. 8 Nov. 8 Nov. 8 Change Amount Rate May 10 Aug. 8 [b] Orders 620.3 575.0 590.0 590.0 － 630.0 650.0 660.0 +10.0 +39.6 +6.4% Net sales 611.4
Slide 20: Dividends
Dividends Based on the favorable progress in the Daifuku Group's performance, To improve capital efficiency and further enhance shareholder returns, the 01 especially in terms of profits, the Company has revised its annual dividend 02 Company has decided to repurchase 10 billion yen worth of its own
Slide 21: Topics
03 Topics © 2024 Daifuku Co., Ltd. 20
Slide 22: Daifuku Report and Sustainability Report Unveiled
Daifuku Report and Sustainability Report Unveiled Daifuku Report 2024 Sustainability Report 2024 We will publish the Daifuku Report 2024 as integrated reporting in In September 2024, we published our Sustainability Report 2024. November 2024. This report focuses on the aspirations behind the This re
Slide 23: Yui no Mori recognized as Nationally Certified Sustainably Managed Natural Site
Yui no Mori, a forest within Siga Works, recognized as a Nationally Certified Sustainably Managed Natural Site In September 2024, Yui no Mori, a forest situated within Shiga Works, which is our core factory, was recognized as a Nationally Certified Sustainably Managed Natural Sites by Japan’s Minist
Slide 24: 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