Slide 1: Financial Results Presentation Material
Nov 13,2024 PILLAR Corporation Financial Results Presentation Material Q2 for Fiscal Year Ending March 31, 2025 Tokyo Stock Exchange Prime Market 6490
Slide 2: Contents
Contents 01 Business Performance for Q2 of FYE March 31,2025 02 Full-year Earnings Forecast for the Fiscal Year Ending March 31,2025 03 Reference Materials①：Corporate Profile 04 Reference Materials②：Key Indexes © PILLAR Corporation 2
Slide 3: Business Performance for Q2 of FYE March 31, 2025
Business Performance for Q2 of FYE March 31,2025 © PILLAR Corporation 3
Slide 4: Financial Highlights
Financial Highlights Consolidated sales increased year-on-year, while operating income decreased. Year-on-Year Sales +460 million yen(+1.6％) Operating income -1.07 billion yen(－15.5％) Electronic Equipment Business Sales increased slightly, as the positive effect of price revisions and a weaker yen w
Slide 5: Summary of Business Performance for Q2 of FYE March 31, 2025
Summary of Business Performance for Q2 of FYE March 31,2025 Consolidated FY23 1H FY24 1H Year-on-Year (Unit： Million Yen) Results Results Change Change rate(％) Sales 28,072 28,534 462 1.6 Operating income 6,897 5,825 -1,072 -15.5 Operating income ratio 24.6% 20.4% -4.2P － Ordinary income 7,467 5,754
Slide 6: Sales by Segment
Sales by Segment Industrial Equipment Electronic Equipment Industrial Equipment Electronic Equipment Business Business Business Business 8,271million 19,780million 8,996million 19,516million 29.4％ 70.4％ 31.5％ 68.3％ FY23 H1 FY24 H1 28,072million 28,534million © PILLAR Corporation 6
Slide 7: Trends of Overseas Sales
Trends of Overseas Sales (Unit： Million Yen) Europe,etc USA Asia Overseas sales ratio +0.6P －2.0P 31.1% 30.5% 29.1% －0.3P 27.1% 26.8% 17,067 15,165 12,416 10,198 8,226 7,410 7,606 7,660 4,310 4,712 4,917 4,594 3,739 2,047 1,909 2,022 2,276 1,267 1,247 1,037 FY21 FY22 FY23 FY23 H1 FY24 H1 © PILLAR Co
Slide 8: Trends of Company-wide Performance
Trends of Company-wide Performance Q2 accumulative sales hit a record high . Electronic Equipment Business: Both sales and income decreased. Industrial Equipment Business : Sales increased, while income declined . The income ratio declined due to higher depreciation costs from the Fukuchiyama Second
Slide 9: Electronic Equipment Business Performance Trends
Electronic Equipment Business Performance Trends Sales and OP income by segment Sales/OP Income/OP Income Ratio(Unit： Million Yen) →Sales －1.3％ YoY →OP Income －15.9%YoY Sales Operating income Operating income ratio Order levels and sales remained 19,780 19,516 sluggish due to the inventory 16,920 ad
Slide 10: Industrial Equipment Business Performance Trends
Industrial Equipment Business Performance Trends Segment hit consecutive record highs Sales/OP Income/OP Income Ratio(Unit： Million Yen) →Sales + 8.8％ YoY Sales Operating income Operating income ratio →OP Income －14.3％ YoY TANKEN SEAL SEIKO maintained strong 8,996 8,271 performance. 20.6% Inventory
Slide 11: Analysis of Increase/Decrease in Sales for FYE March 31, 2025
Analysis of Increase/Decrease in Sales for FYE March 31,2025 (Unit： Million Yen) Industrial Equipment 35,000 Business Others Electronic Equipment Business +725 +1 28,534 28,072 －264 30,000 25,000 20,000 15,000 10,000 Increase/Decrease +462 YoY +1.6% 5,000 0 Electronic Euipment… Others FY23 1H Indust
Slide 12: Analysis of Increase/Decrease in Operating Income for FYE March 31, 2025
Analysis of Increase/Decrease in Operating Income for FYE March 31,2025 Depreciation cost increased （by 500 million yen）as the Fukuchiyama Second Factory and the R&D center at the Sanda factory began operations in the second half of FY2023. One-time costs increased (by 300 million yen) due to the co
Slide 13: Sales by Market (Non-consolidated)
Sales by Market (Non-consolidated) (Unit： Million Yen) Semiconductor and Chemical and others Oil, steel and liquid crystal transportation Mechanical Seals for CMP Demand for plant safety Fittings/tubes remained remained in an adjustment measures and sales of sluggish. GP/VG in the phase, while the C
Slide 14: Trends of Orders Received and Order Backlog
Trends of Orders Received and Order Backlog Orders received (Unit： Million Yen) Electronic Euipment Business Industrial Equipment Business 54,227 50,548 12,231 17,486 26,895 41,995 9,545 12,113 12,641 12,959 12,833 13,375 13,519 33,061 4,006 4,362 4,694 4,423 5,098 4,446 17,349 8,106 8,279 8,265 8,4
Slide 15: Financial Status
Financial Status Equity Ratio : 73.7％（+2.9pt compared to the end of FY2023） Electronically recorded obligations for the Fukuchiyama Second Factory and the R&D center at the Sanda factory decreased by nearly 3 billion yen. (Unit： Million Yen) Total assets Net assets Equity ratio 83.3% 81.0% 81.9% 98,
Slide 16: Cash Flow
Cash Flow (Unit： Million Yen) Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Free cash flow 11,950 10,399 7,778 6,058 5,640 5,323 5,485 2,559 2,705 (573) (3,388) (1,551) (1,711) (1,468) (2,790) (3,017) (5,947) (5,073) (10,557) (16,197)
Slide 17: Full-year Earnings Forecast for the Fiscal Year Ending March 31, 2025
Full-year Earnings Forecast for the Fiscal Year Ending March 31,2025 © PILLAR Corporation 17
Slide 18: Summary of Full-Year Earnings Forecast for the FYE March 31, 2025
Summary of Full-Year Earnings Forecast for the FYE March 31,2025 The FY2024 Forecast remains unchanged. Consolidated FY23 FY24 Year-on-Year (Unit： Million Yen) Results Forecast Change Change rate(％) Sales 58,605 62,000 3,395 5.8 Operating income 14,206 13,000 -1,206 -8.5 Operating income ratio 24.2%
Slide 19: Trends of Company-wide Performance
Trends of Company-wide Performance The FY 2024 Forecast remains unchanged, with order recovery expected in the year’s second half. Progress against plan : Sales 46.0％ , OP Income 44.8％ We are committed to increasing income and improving our OP income ratio through enhanced productivity and company-w
Slide 20: Electronic Equipment Business Performance Trends
Electronic Equipment Business Performance Trends Sales are expected to reach a record high for the fifth consecutive year. Progress against plan : Sales 44.7％ , OP Income 45.3％ With the phased operation of our state-of-the-art facilities, productivity will continue to improve. We must closely monito
Slide 21: Industrial Equipment Business Performance Trends
Industrial Equipment Business Performance Trends Sales are expected to reach a record high for the third consecutive year. Progress against plan: Sale 49.2％ , OP Income 42.0％ Orders of Rotary Joints are showing mild recovery, and client inventory adjustments are expected to be completed within the y
Slide 22: Analysis of Increase/Decrease in Sales for FYE March 31, 2025
Analysis of Increase/Decrease in Sales for FYE March 31,2025 (Unit： Million Yen) Industrial Equipment Electronic Equipment Business Others Business +207 -37 62,000 58,605 +3,225 Increase/Decrease +3,395 YoY +5.8% FY24 FY23 （Forecast） © NIPPON PILLAR PACKING CO.,LTD. 22
Slide 23: Analysis of Increase/Decrease in Operating Income for FYE March 31, 2025
Analysis of Increase/Decrease in Operating Income for FYE March 31,2025 Expenses are expected to decrease by around 200 million yen due to cost reductions related to the 100th anniversary ceremony and real estate acquisition tax. A 200 million yen increase in costs is anticipated due to rising raw m
Slide 24: Return to Shareholders
Return to Shareholders Dividend Policy：Ensuring stable and continuous payment while targeting a payout ratio of 30% or more Dividend Forecast：Annual dividend of 125 yen per share（Interim：54 yen Year-end：71 yen） Consolidated Payout Ratio : 32.4% (Unit： Yen) Current net income per share・Dividend・Payou
Slide 25: Reference Materials①：Corporate Profile
Reference Materials①：Corporate Profile © PILLAR Corporation 25
Slide 26: Company Information
Company Information Origin of our Company Name This naming originated from our first product developed in 1924, the “Patented Pillar Packing No. 1”, which was shaped like a pillar. Purpose Established 1924 Creating a future that Representative Yoshinobu Iwanami supports society Minimizing energy con
Slide 27: Electronic Equipment Business Main Products and Delivery Destinations
Electronic Equipment Business Main Products and Delivery Destinations Our product groups that take advantage of fluororesin’s properties such as “chemical resistance”, “heat resistance” and “low friction” Fluororesin fittings and tubes are unaffected by various chemical liquids. Therefore, they are
Slide 28: Industrial Equipment Business Main Products and Delivery Destinations
Industrial Equipment Business Main Products and Delivery Destinations Mechanical Seals, Gland Packings These devices prevent leak of fluid under extreme conditions of high temperature and high pressure, and are used in pumps and valves in oil refining and chemical plants. Gaskets These parts prevent
Slide 29: Our Advantages① Over 100 years of material development capabilities
Our Advantages① Over 100 years of material development capabilities Over the past 100 years, we have been conducting independent research and development across various materials, including those used for gas and liquid applications, at both high temperatures and low temperatures. With our deep unde
Slide 30: Our Advantages② Material×Technology×Abundant Fluid Solutions
Our Advantages② Material×Technology×Abundant Fluid Solutions In the Electronic equipment business, leveraging our deep understanding of material properties, we are able to utilize injection molding technology for shapes that commonly requiring cutting, as our technology continues to advance. In the
Slide 31: Sales by Segment and Trend in the Composition Ratio
Sales by Segment and Trend in the Composition Ratio The sales composition of the electronic equipment business has increased significantly, from 54.5% in FY2014 to 69.1% in FY2023, due to continuous growth alongside the markets while maintaining a high market share. The sales of the industrial equip
Slide 32: Reference Materials②：Key Indexes
Reference Materials②：Key Indexes © PILLAR Corporation 32
Slide 33: Long-term Trend of Key Indexes
Long-term Trend of Key Indexes Sales/Operating Income(Unit： Million Yen) Sales Operating Income 62,000 58,605 48,702 40,670 14,206 13,842 13,000 29,461 30,963 29,213 30,200 11,392 27,225 22,960 5,166 5,161 5,126 4,847 3,469 3,683 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Forecast ROE・ROA・DOE
Slide 34: Long-term Trend of P/L
Long-term Trend of P/L (Unit： Million Yen) FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Sales 21,675 22,960 27,225 29,461 30,963 29,213 30,200 40,670 48,702 58,605 YoY 5.9% 18.6% 8.2% 5.1% -5.7% 3.4% 34.7% 19.7% 20.3% Operating Income 3,226 3,469 5,166 5,161 5,126 3,683 4,847 11,392 13,842 14,2
Slide 35: Long-term Trend of B/S
Long-term Trend of B/S (Unit： Million Yen) FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Current assets 26,124 25,279 29,832 28,821 28,375 27,025 27,994 38,050 44,605 49,274 Non-current assets 15,342 16,884 19,514 22,717 24,597 26,165 26,955 26,941 27,886 49,561 Total assets 41,466 42,164 49,347
Slide 36: Long-term Trend of C/F
Long-term Trend of C/F (Unit： Million Yen) FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Cash flow from 2,957 3,074 3,220 3,752 5,035 4,064 5,676 11,950 6,058 5,640 operating activities Cash flow from -1,378 -3,230 -2,363 -3,244 -3,902 -2,950 -3,705 -1,551 -573 -16,197 investing activities Cash
Slide 37: Clip of our Company and Products (Contact)
•This material includes descriptions about forecasts, plans and outlooks of future business performance. These descriptions do not guarantee the future business performance and contain elements of risk and uncertainty. •Please note that the future business performance may largely differ from the con