Mitsuboshi Belting Ltd. · TSE:5192
Mitsuboshi Belting — H1 FY2023 Earnings Presentation
11 slides from Mitsuboshi Belting's earnings presentation, November 2022
Slide 1: Financial Results Briefing Materials
Financial Results Briefing Materials (2022/4/1〜2022/9/30） 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） 2021-2Q 2022-2Q change % （2021/4-2021/9） （2022/4-2022/9） Sales 37,068 42,568 +5,500 +14.8% Operating profit 3,998 4,597 +599 +15.0% Margin 10.8% 10.8% Ordinary profit 4,439 5,731 +1,292 +29.1% Margin 12.0% 13.5% Profit attributable to owners of parent
Slide 4: Quarterly Results
Quarterly Results （100 mil. of yen) Sales Operating Profit Operating Profit 220 25 Sales 206 210 193 192 20 187185 186 190 184183183 175 174 15 169 169 170 164 161 178 10 144 150 5 24 23 21 13 23 21 15 14 11 9 15 15 23 17 20 162125 130 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q Operatin
Slide 5: Sales by Business
Sales by Business （millions of yen） 2021-2Q 2022-2Q change % （2021/4-2021/9） （2022/4-2022/9） Belts (Japan) 13,918 37.5% 14,288 33.6% +370 +2.7% Belts(outside Japan) 17,931 48.4% 23,387 54.9% +5,456 +30.4% Business Building & Construction Materials 2,683 7.2% 2,140 5.0% △543 △20.2% Others 2,534 6.8%
Slide 6: Breakdown of Belt Sales
Breakdown of Belt Sales （millions of yen） 2021-2Q 2022-2Q change ％ （2021/4-2021/9） （2022/4-2022/9） Automotive belt 15,569 48.9% 18,797 49.9% +3,228 +20.7% Industrial belt 11,634 36.5% 13,399 35.6% +1,765 +15.2% OA equipment 1,223 3.8% 1,616 4.3% +393 +32.1% Conveyor belt 1,949 6.1% 2,130 5.7% +181 +
Slide 7: Analysis of Operating Profit
Analysis of Operating Profit （100 mil. of yen） 2021-2Q 2022-2Q change Higher raw material costs due to rising crude oil Sales 370.6 425.6 +55.0 prices Operating Profit 39.9 45.9 +6.0 Increased labor costs due to increased business Ordinary 44.3 57.3 +13.0 activity and the impact of the weaker ye
Slide 8: Capital expenditures and Depreciation
Capital expenditures and Depreciation （100 mil. of yen） Capital expenditures Depreciation （capitalized amounts） 1st Half 2nd Half 1st Half 2nd Half 60 60 60 50 50 44 37 40 40 39 41 40 39 40 33 33 30 30 18 30 22 20 21 19 31 19 16 18 20 20 10 21 18 22 10 19 20 13 13 15 15 17 0 0 2018 2019 2020 2021 20
Slide 9: Forecast
Forecast （millions of yen） 2023/3 Forecast Year-on-Year 2022/3 Results 1st Half Full year Full year （2022/4-2022/9） （before） change ％ （after） Sales 74,870 42,568 77,500 83,000 +8,130 +10.9% Operating Profit 7,640 4,597 8,000 8,700 +1,060 +13.9% Margin 10.2% 10.8% 10.3% 10.5% Ordinary Profit 8,552 5,
Slide 10: Dividends
Dividends Interim Year-end Total 2022/3 ¥33 ¥110 ¥143 2023/3 ¥110→¥120 2023/3(Forecast) ¥110→¥120 ¥220→¥240 97 Ordinary dividend 100 100 200 95 Special dividend Payout ratio % 80 150 65 60 240 100 41 37 40 28 30 28 30 29 26 21 24 25 22 21 20 20 24 143 50 36 32 20 24 60 16 8 4 40 10 4 8 24 4 0 12 12
Slide 11: ESG initiatives
ESG initiatives Initiatives to create a robust corporate governance structure Time Initiatives Nov. 2000 Mitsuboshi Belting Fureai Council, a volunteer organization comprising Group employees, formed to promote town development where residents and businesses coexist Oct. 2003 Executive Officer syste