Jsp Corporation · TSE:7942
Jsp — H1 FY3/25 Earnings Presentation
27 slides from Jsp's earnings presentation, Nov 15, 2024
Slide 1: First Half Results for the Fiscal Year Ending March 31, 2025 (FY3/25)
First Half Results for the Fiscal Year Ending March 31, 2025 (FY3/25) A Global Company for A Global Society November 15, 2024 JSP Corporation ©2024 JSP Corporation
Slide 2: Index
Index Section 01 1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Overall) Section 02 1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Business Segment) Section 03 ARPRO Global Strategy, Applications and New Product Release Section 04 1H FY3/25 Supplementary Financial Informa
Slide 3: Index
Index Section 01 1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Overall) Section 02 1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Business Segment) Section 03 ARPRO Global Strategy, Applications and New Product Release Section 04 1H FY3/25 Supplementary Financial Informa
Slide 4: Financial Highlights
Financial Highlights Net Sales Operating Profit Operating Margin (Million yen) (Million yen) 7,563 146,000 7,000 135,051 131,714 5.6% 5,185 5.1% 114,125 4.8% 102,668 4,589 4.0% 93 78 82 78 (US$/bl) 2,956 2.2% 45 FY3/21 FY3/22 FY3/23 FY3/24 FY3/25 FY3/21 FY3/22 FY3/23 FY3/24 FY3/25 FY3/21 FY3/22 FY3/
Slide 5: Financial Highlights (Financial Strategy)
Financial Highlights (Financial Strategy) Return on Equity (ROE) Shareholders’ Equity Ratio Dividend per Share (Yen) 64.9% 80 6.8% 65 5.4% 50 50 50 63.9% 63.9% 63.5% 3.7% 3.4% 2.8% 62.8% FY3/21 FY3/22 FY3/23 FY3/24 FY3/25 FY3/21 FY3/22 FY3/23 FY3/24 FY3/25 FY3/21 FY3/22 FY3/23 FY3/24 FY3/25 Forecast
Slide 6: Summary of Business Operations (1H FY3/25 Results)
Summary of Business Operations (1H FY3/25 Results) 1H FY3/24 1H FY3/25 1H FY3/25 YoY Forecast vs. Forecast (Million yen) Results (Announced Apr. 30) Results Comparison Net sales 66,432 72,000 71,388 7.5% 0.9% Operating profit 3,247 3,300 3,204 1.3% 2.9% Ordinary profit 3,617 3,500 3,544 2.0% 1.3% Pr
Slide 7: Components of Change in Operating Profit (1H Comparison)
Components of Change in Operating Profit (1H Comparison) Operating income remained at the (Billion yen) same level YoY due to product price revisions in response to increases in variable costs such as raw materials and fixed costs such as labor costs. Unit variable Unit sales prices expenses Higher
Slide 8: Summary of Business Operations (FY3/25 Outlook)
Summary of Business Operations (FY3/25 Outlook) FY3/24 FY3/25 FY3/25 YoY Initial Forecast vs. Forecast (Million yen) Results (Announced Apr. 30) Outlook Comparison Net sales 135,051 146,000 146,000 8.1% - Operating profit 7,563 7,000 7,000 7.5% - Ordinary profit 8,127 7,400 7,400 9.0% - Profit attri
Slide 9: Components of Change in Operating Profit (Full Year YoY Comparison)
Components of Change in Operating Profit (Full Year YoY Comparison) Price revisions in (Billion yen) response to rising costs Unit variable Unit sales prices expenses Higher fixed expenses Marginal profit from 7.6 billion yen lower volume 22 Exchange rates 7.0 billion yen 3 32 16 4 Higher costs for
Slide 10: Index
Index Section 01 1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Overall) Section 02 1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Business Segment) Section 03 ARPRO Global Strategy, Applications and New Product Release Section 04 1H FY3/25 Supplementary Financial Informa
Slide 11: Extrusion Business (1H FY3/25 Results)
Extrusion Business (1H FY3/25 Results) 1H FY3/24 1H FY3/25 YoY (Million yen) Results Results Comparison ● Sales increased from one year earlier mainly due to product price revisions. although sales volume remained at the same level. Net sales 23,694 23,934 1.0% ● Operating profit decreased due to a
Slide 12: Extrusion Business (FY3/25 Outlook)
Extrusion Business (FY3/25 Outlook) FY3/24 FY3/25 YoY (Million yen) Results 1H Results 2H Forecast Outlook Comparison Net sales 47,756 23,934 26,066 50,000 4.7% Operating profit 2,161 805 1,095 1,900 12.0% Higher sales are expected due to product price revisions. Operating profit is expected to decr
Slide 13: Bead Business (1H FY3/25 Results)
Bead Business (1H FY3/25 Results) 1H FY3/24 1H FY3/25 YoY (Million yen) Results Results Comparison ● Sales increased from one year earlier mainly due to product price revisions, though sales volumes remained at the same level. Net sales 42,738 47,454 11.0% ● Operating profit increased due to higher
Slide 14: Bead Business (FY3/25 Outlook)
Bead Business (FY3/25 Outlook) FY3/24 FY3/25 YoY (Million yen) Results 1H Results 2H Forecast Outlook Comparison Net sales 87,294 47,454 48,546 96,000 10.0% Operating profit 6,542 2,960 3,240 6,200 5.2% Higher sales are expected due to product price revisions. Operating profit is expected to decreas
Slide 15: Index
Index Section 01 1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Overall) Section 02 1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Business Segment) Section 03 ARPRO Global Strategy, Applications and New Product Release Section 04 1H FY3/25 Supplementary Financial Informa
Slide 16: ARPRO Global Strategy
ARPRO Global Strategy Expansion to more countries of overseas operations, a driver of growth of the JSP Group Planning on 22 ARPRO manufacturing locations worldwide Pune Plant NEW! Ramos Arizpe Plant (Maharashtra, India) NEW! (Coahuila, Mexico) ARPRO existing plants JSP’s first plant in India JSP’s
Slide 17: ARPRO Automotive Parts Applications
ARPRO Automotive Parts Applications ARPRO for automotive parts are increasingly being adopted on a global scale. Japan USA Manufacturer: Nissan Manufacturer: VOLVO Model: PATROL/ARMADA Model: EX90 INFINITI QX80 Application: Rear seat, bumper, Application: Toolbox, front and rear luggage spacer bumpe
Slide 18: ARPRO Expansion of HVAC Applications in Europe
ARPRO Expansion of HVAC Applications in Europe ARPRO is used in a wide range of HVAC*1 applications in Europe, as structural components of heat pumps, hot water heaters, hot water tanks, and heat exchange ventilation systems. Heat exchange ventilation system Improves heat efficiency due to thermal
Slide 19: New Product Release
New Product Release Environmentally responsible product Environmentally responsible product Aiming to expand sales fields MIRAMAT ACE-Bio L-BLOCK ACE RE Conductive MIRAMAT Released in January 2024 Released in October 2024 Released in July 2024 Main application: packaging materials Main application:
Slide 20: Index
Index Section 01 1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Overall) Section 02 1H FY3/25 Summary of Business Operations and FY3/25 Outlook (Business Segment) Section 03 ARPRO Global Strategy, Applications and New Product Release Section 04 1H FY3/25 Supplementary Financial Informa
Slide 21: Results of Operations
Results of Operations 1H FY3/24 1H FY3/25 1H FY3/24 1H FY3/25 (Million yen) Net sales 66,432 71,388 Net income per share 93.80 yen 98.33 yen Operating Operating profit 3,247 3,204 profit 4.9% 4.5% to net sales Ordinary profit 3,617 3,544 Major yen exchange rates Profit attributable to owners of 2,79
Slide 22: Non-operating Income/Expenses & Extraordinary Income/Loss
Non-operating Income/Expenses & Extraordinary Income/Loss (Million yen) Non-operating 1H FY3/24 1H FY3/25 Extraordinary Income/Loss 1H FY3/24 1H FY3/25 Income/Expenses Interest income 198 298 Gain on sales of non-current assets 11 52 Foreign exchange gains - 13 Gain on recovery of money transfer sca
Slide 23: Financial Position
Financial Position Change As of Dec. As of Jun. FY3/24 1H FY3/25 Major yen exchange rates (Million yen) 31, 2023 30, 2024 JPY/USD 141.8 161.0 Total assets 151,605 157,466 +5,860 JPY/EUR 157.0 172.3 Net assets 100,069 107,672 +7,602 Net interest-bearing debt 5,307 7,526 +2,219 Shareholders’ equity 95
Slide 24: Balance Sheet
Balance Sheet As of Mar. 31, 2024 As of Sep. 30, 2024 Change (Million yen) Current assets 78,155 79,708 +1,553 Assets Non-current assets 73,449 77,757 +4,307 Total assets 151,605 157,466 +5,860 Current liabilities 35,765 33,379 △2,386 Liabilities Non-current liabilities 15,770 16,414 +643 Total liab
Slide 25: Net Assets
Net Assets (Million yen) As of Mar. 31, 2024 As of Sep. 30, 2024 Change Capital stock 10,128 10,128 - Capital surplus 13,405 13,405 - Shareholders’ Retained earnings 69,523 71,051 +1,528 equity Treasury shares △7,369 △7,369 - Total 85,688 87,216 +1,528 Valuation difference on available-for-sale secu
Slide 26: Cash Flows, Capital Expenditures, Depreciation, R&D Expenses
Cash Flows, Capital Expenditures, Depreciation, R&D Expenses (Million yen) Cash Flows Capital Expenditures, Depreciation, R&D Expenses 1H FY3/24 1H FY3/25 Capital expenditures 3,261 4,011 Depreciation 3,642 3,902 R&D expenses 1,148 1,270 Note: Capital expenditures are on a cash basis. 1H FY3/25 Supp
Slide 27: Cautionary statement with respect to forward-looking statements
Cautionary statement with respect to forward-looking statements Forecasts of future performance in this report are based on assumptions judged to be valid and information currently available to JSP. Actual results may differ significantly from these forecasts for a number of factors. As a global sup