Mitsuboshi Belting Ltd. · TSE:5192
Mitsuboshi Belting — H1 FY2024/3 Earnings Presentation
12 slides from Mitsuboshi Belting's earnings presentation, November 2023
Slide 1: Financial Results Briefing Materials
Financial Results Briefing Materials (2023/4/1〜2023/9/30） 1
Slide 2: Note to future-oriented statements
Note to future-oriented statements The forward-looking statements in this document, including performance forecasting, are based on currently available information and assumptions considered reasonable by us and do not guarantee our future financial results. Actual results may differ greatly from th
Slide 3: Consolidated Financial Summary
Consolidated Financial Summary （millions of yen） 2023/3（2022/4-2023/3） 2024/3 vs.PY （2023/4-2024/3） (1st Half) 1st Half Margin 2nd Half Margin Full Year Margin 1st Half Margin change % Sales 42,568 100% 40,343 100% 82,911 100% 42,028 100% △540 △1.3% Operating 4,597 10.8% 4,433 11.0% 9,030 10.9% 4,13
Slide 4: Quarterly Results
Quarterly Results （100 mil. of yen) Sales 206 220 212 205 215 187 185 193 192 191 200 184 183 183 174 175 178 186 169 164 161 169 144 150 100 50 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2019/3 2020/3 2021/3 2022/3 2023/3 2024/3 Operating profit 30 26 24 23 23 21 23 25 21 2
Slide 5: Sales by Business
Sales by Business （millions of yen） 2023/3（2022/4-2023/3） 2024/3 vs.PY （2023/4-2024/3） (1st Half) 1st Half Margin 2nd Half Margin Full Year Margin 1st Half Margin change % Belts (Japan) 14,288 33.6% 14,012 34.7% 28,300 34.1% 13,877 33.0% △411 △2.9% Belts (outside Japan) 23,387 54.9% 20,859 51.7% 44,
Slide 6: Breakdown of Belt Sales
Breakdown of Belt Sales （millions of yen） 2023/3（2022/4-2023/3） 2024/3 vs.PY （2023/4-2024/3） (1st Half) 1st Half Margin 2nd Half Margin Full Year Margin 1st Half Margin change % Automotive belt 18,797 49.9% 17,993 51.6% 36,790 50.7% 19,316 53.2% +519 +2.8% Industrial belt 13,399 35.6% 11,575 33.2% 2
Slide 7: Analysis of Operating Profit
Analysis of Operating Profit （100 mil. of yen） 2022-2Q 2023-2Q change (－) Decrease in sales Sales 425.6 420.2 △5.4 Effects of sales composition Operating Profit 45.9 41.3 △4.6 (＋) Decrease in labor costs and logistics costs Ordinary Effects of FOREX Rates Profit 57.3 56.1 △1.0 Operating Profit P
Slide 8: Capital expenditures and Depreciation
Capital expenditures and Depreciation （100 mil. of yen） Capital expenditures （capitalized amounts） 1st Half 2nd Half 70 60 60 44 18 41 34 32 33 37 36 40 22 21 24 39 17 27 19 30 15 20 19 21 19 52 7 7 9 14 15 14 12 14 11 13 21 18 13 22 0 10 10 2012/3 2013/3 2014/3 2015/3 2016/3 2017/3 2018/3 2019/3 20
Slide 9: Forecast
Forecast （millions of yen） 2024/3 Forecast Year-on-Year 2023/3 Mid-term Forecast 1st Half change ％ Results Business Plan Full year （2023/4-2023/9） Sales 82,911 80,000 42,028 84,500 +1,589 +1.9% Operating Profit 9,030 8,300 4,137 9,100 +70 +0.8% Margin 10.9% 10.4% 9.8% 10.8% Ordinary Profit 10,471 5,
Slide 10: Dividends
Dividends Interim Year-end Total 2023/3 ¥120 ¥130 ¥250 2024/3 ¥125 2024/3(Forecast) ¥125 ¥250 250 Payout ratio Ordinary dividend 100 100 2009/3︓482％ 97 2010/3︓130％ 100 95 Special dividend 200 Payout ratio % 80 65 150 60 250 250 100 41 37 40 28 30 28 30 29 26 24 25 22 24 21 21 20 20 143 50 24 32 36 2
Slide 11: ESG initiatives (1)
ESG initiatives（1） Time Category Initiatives Mitsuboshi Belting Fureai Council, a volunteer organization comprising Group employees, formed Nov. 2000 S to promote town development where residents and businesses coexist Oct. 2003 G Executive Officer system introduced May 2015 G Risk Management Commit
Slide 12: ESG initiatives (2)
ESG initiatives（2） Time Category Initiatives S Initiatives to improve employee engagement promoted （Measuring engagement started ） Jan. S G Various policies formulated and disclosed （①Procurement Policy, ②Disclosure Policy） E Sustainability Linked Loan Agreement concluded Feb. New mid-term target fo
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