F-tech Inc. · TSE:7212

F-tech — FY2024 Earnings Presentation

44 slides from F-tech's earnings presentation, May 15, 2024

  1. Slide 1: 2024年3月期期末 決算説明資料 Fiscal Year Ending March 2024 Financial Results

    2024年3月期期末 決算説明資料 Fiscal Year Ending March, 2024 Financial Results 2024年5月15日 「エフテック」で検索 株式会社エフテック https://www.ftech.co.jp 証券コード：7212 Copyright(c) 2024 F-TECH INC. All Right Reserved 1

  2. Slide 2: Table of Contents

    Table of Contents 1 決算概要 Financial Summary 2 業績予想 Earnings Forecast 3 経営戦略 Management Strategy 4 トピックス Topics Copyright(c) 2024 F-TECH INC. All Right Reserved 2

  3. Slide 3: Table of Contents

    Table of Contents 1 決算概要 Financial Summary 2 業績予想 Earnings Forecast 3 経営戦略 Management Strategy 4 トピックス Topics Copyright(c) 2024 F-TECH INC. All Right Reserved 3

  4. Slide 4: Consolidated Financial Results Overview (Year on Year)

    Consolidated Financial Results Overview（Year on Year） (Unit: Million yen) FY Mar. 2023 Actual FY Mar. 2024 Actual Change Sales 261,156 100.0％ 298,759 100.0％ 37,603 14.4％ Operating profit 2,038 0.8％ 3,708 1.2％ 1,669 81.9% Ordinary profit 1,921 0.7％ 3,001 1.0％ 1,080 56.3% Net income attributable to pa

  5. Slide 5: Consolidated Sales (Year on Year)

    Consolidated Sales（Year on Year） （Unit：Million Yen） （Unit：%） Consolidated Sales by Segment(Amount ) Sales Share（%） 400,000 261,156 298,759 Japan 8.9% Japan 10.3% （Japan） Japan 30,612 +1.4％ 300,000 Japan 23,355 N.America N.America （N.America） 200,000 N.America N.America 65.0% 69.1% +4.1％ 169,650 206,

  6. Slide 6: Consolidated Operating Profit by Segment (Year on Year)

    Consolidated Operating Profit by Segment （Year on Year） （Unit：Million Yen） Amount FY Mar. FY Mar. 2023 2024 Change (%) Actual Actual Japan 417 1,352 935 224.1% N.America ▲1,040 758 1,799 ー Asia 2,340 1,511 ▲828 ▲35.4％ Total 1,716 3,622 1,905 111.0％ Adjustment 321 85 ▲236 ▲73.5％ Consolidated 2,038 3,

  7. Slide 7: Consolidated Operating Performance by Segment (Japan)

    Consolidated Operating Performance by Segment （Japan） （Unit：Million Yen） Sales Operating Profit Change 7,256 Change 935 23,355 30,612 417 1,352 Change% 31.1％ Change% 224.1％ FX Impact ー FX Impact ー Real Change 7,256 Real Change 935 FY Mar. 2023 FY Mar. 2024 Change % 31.1％ Change % 224.1％ FY Mar. 2023

  8. Slide 8: Consolidated Operating Performance by Segment (North America)

    Consolidated Operating Performance by Segment （North America） （Unit：Million Yen） Sales Operating Profit Change 1,799 169,650 206,501 Change 36,851 ▲1,040 758 Change % ー Change % 21.7％ FX Impact 46 FX Impact 11,952 FY Mar. 2023 FY Mar. 2024 Real Change 1,753 Real Change 24,899 Change % ー FY Mar. 2023

  9. Slide 9: Consolidated Operating Performance by Segment (Asia)

    Consolidated Operating Performance by Segment （Asia） （Unit：Million Yen） Sales Operating Profit Change ▲6,504 Change ▲828 68,149 61,645 Change % ▲9.5％ 2,340 1,511 Change % ▲35.4％ FX Impact 1,981 FX Impact 85 Real Change ▲8,485 Real Change ▲913 FY Mar. 2023 FY Mar. 2024 Change % ▲12.5％ FY Mar. 2023 FY

  10. Slide 10: Changes in Operating Profit by Segments (FY Mar. 2024 4Q Actual)

    Changes in Operating Profit by Segments (FY Mar. 2024 ４Q Actual) 4,174 ▲825 131 3,708 2,038 ▲1,574 ▲236 Machinery and Product Tools, and FY Mar. Consolidated FY Mar. Sales Technical Labor cost FX Impact Change 2023 services Sales Adjustment 2024 Impact Impact Japan 417 1,397 ▲462 1,352 935 N.America

  11. Slide 11: Table of Contents

    Table of Contents 1 決算概要 Financial Summary 2 業績予想 Earnings Forecast 3 経営戦略 Management Strategy 4 トピックス Topics Copyright(c) 2024 F-TECH INC. All Right Reserved 11

  12. Slide 12: Consolidated Sales Forecast (Forecast of FY Mar. 2025)

    Consolidated Sales Forecast（ Forecast of FY Mar. 2025） （Unit：Million Yen） FY Mar. 2024 Actual FY Mar. 2025 Forecast Change Sales 298,759 100.0％ 302,000 100.0％ 3,241 1.1％ Operating profit 3,708 1.2％ 4,700 1.6％ 992 26.8％ Ordinary profit 3,001 1.0％ 2,500 0.8％ ▲501 ▲16.7％ Net income attributable to pare

  13. Slide 13: Consolidated Sales Forecast (Compared to 2024 Actual)

    Consolidated Sales Forecast (Compared to 2024 Actual） （Unit：%） （Unit：Million Yen） Consolidated Sales by Segment(Amount) 350,000 Sales Share(%) 298,759 302,000 Japan 10.3% Japan 10.0% （Japan） 300,000 Japan 30,612 Japan 30,113 ▲0.3％ 250,000 200,000 N.America N.America N.America N.America （N.America） +

  14. Slide 14: Consolidated Operating Profit Forecast by Segment

    Consolidated Operating Profit Forecast by Segment (Compared to 2024 Actual ) （Unit：Million Yen） Amount FY Mar. FY Mar. 2025年 2024 Change Change (%) Actual Forecast Japan 1,352 488 ▲864 ▲63.9% N.America 758 3,322 2,564 338.3% Asia 1,511 838 ▲673 ▲44.5％ Total 3,622 4,648 1,026 28.3％ Adjustment 85 52 ▲

  15. Slide 15: Sales Changes by Customer

    Sales Changes by Customer 100.0% 9.0% 7.0% 9.1% 9.3% 8.7% 8.8% Others 0.0% 0.8% 0.0% 1.1% 0.3% 0.8% 90.0% 3.0% 3.4% 0.8% 2.1% 0.6% 2.7% 3.1% 2.8% 4.5% 5.4% 7.2% 6.9% 80.0% 12.7% 10.9% R(EV) 9.3% 5.6% 11.4% 10.0% 8.2% 70.0% 4.7% 7.5% YAMAHA 9.4% 9.6% 10.7% 60.0% S 50.0% 70.0% 71.9% 66.8% 61.0% 60.9%

  16. Slide 16: Financial Position

    Financial Position Total Asset Capital Investment Depreciation Interest-Bearing Debt 250,000 50.0% （Unit：Million Yen） 200,000 40.0% 150,000 30.0% 100,000 20.0% 50,000 10.0% 0 0.0% FY2024 FY2019 FY2020 FY2021 FY2022 FY2023 Forecast Total Asset 134,038 136,714 160,931 176,137 191,772 184,911 Capital I

  17. Slide 17: Status of Dividend

    Status of Dividend End of the End of Q1 End of Q2 End of Q3 Total Payout Ratio Term FY Mar. 2023 Actual（Last term） 10yen 10yen 20yen 21.4％ FY Mar. 2024 Plan (Current term） 10yen 10yen 20yen 22.1％ Change 0yen 0yen 0yen ー FY Mar. 2025 Forecast（Next term） - 10yen - 10yen 20yen 61.9％ Change - 0yen - 0ye

  18. Slide 18: Table of Contents

    目次 1 決算概要 Financial Summary 2 業績予想 Earnings Forecast 3 経営戦略 Management Strategy 4 トピックス Topics Copyright(c) 2024 F-TECH INC. All Right Reserved 18

  19. Slide 19: The 15th Mid-term Business Plan ~Overview~

    The 15th Mid-term business plan（hereinafter called "15th mid-plan"）～Overview～ Growth Company We contribute to society by improving earning power The 16th mid-term business plan (FY26-FY28) policy and achieveing sustainable groth. Targets to achieve : Operating profit ratio 5% Challenge for New ●Stra

  20. Slide 20: 15th mid-plan: Enhancing earning power - Technician Support to sites with issues

    "15th mid-plan"：Enhancing erning power ～ Deployment of Technician Support to sites with issues ～ Measures to be taken in FY2023 Measures to be taken in FY2023 Output / Target Stanping Expert input for various improvements Step up in each area by inputting +20% ＜Improvement Effects and guidance exper

  21. Slide 21: 15th mid-plan: Enhancing Earning Power - Positioning of Sites

    "15th mid-plan"：Enhancing Erning Power Positioning of Sites Current Achievement of Sites ( Enhancing Earning Power ) Effects from FY2024 onward Sales and operating income remained ・Promoted downsizing of production line stable while the number of employees personnel through implementation of various

  22. Slide 22: 15th mid-plan: Pursuing the Essence of Monozukuri

    "15th mid-plan"：Enhancing Erning Power ～Pursuing the Essence of Monozukuri (Manufacturing)～ Changes in Profit Structure Environmental Changes Counter-measures In the previous fiscal year, the deficit in the ・Difficulty in retaining and securing human America North America area was covered by the Chi

  23. Slide 23: The 15th Mid-term Business Plan ~Overview~

    The 15th Mid-term business plan（hereinafter called "15th mid-plan"）～Overview～ Growth Company We contribute to society by improving earning power The 16th mid-term business plan (FY26-FY28) policy and achieveing sustainable groth. Targets to achieve : Operating profit ratio 5% Challenge for New ●Stra

  24. Slide 24: 15th mid-plan: Mexico site investment and earning power

    "15th mid-plan"：Improvement of financial soundness ※Exchange rate FY2022：US$1=JPY136 FY2023：US$1=145 Sales FY2022 Approx. US$100 million investment Installed new facilities, expanded capacity, and expanded JPY 37Billion buildings in response to orders for 4 vehicle models (3 EVs) from 3 automakers S

  25. Slide 25: 15th mid-plan: Improvement of financial soundness

    "15th mid-plan"：Improvement of financial soundness Cash equivalent ：JPY12,204million Int. Bearing debt：JPY76,064million ⇒ Net Debt:JPY63,860million Operaiting profit：JPY3,708million Depreciation：JPY14,559million ⇒ EBITDA:JPY18,267million Net Debt / EBITDA Ratio Initiatives 4.5x 3.5x 3.6 ■Cotrol of I

  26. Slide 26: The 15th Mid-term Business Plan ~Overview~

    The 15th Mid-term business plan（hereinafter called "15th mid-plan"）～Overview～ Growth Company We contribute to society by improving earning power The 16th mid-term business plan (FY26-FY28) policy and achieveing sustainable groth. Targets to achieve : Operating profit ratio 5% Challenge for New ●Stra

  27. Slide 27: Pursuit of strategic growth business opportunities

    15th Mid-term Business Plan：Pursuit of strategic growth business opportunities Establishment of a new sales office, F-TECH NORTH AMERICA, contributed to the orders for 14 models from 6 companies. In 2024, we will continue to win orders from existing manufacturers, EV manufacturers, and others throug

  28. Slide 28: The 15th Mid-term Business Plan ~Overview~

    The 15th Mid-term business plan（hereinafter called "15th mid-plan"）～Overview～ Growth Company We contribute to society by improving earning power The 16th mid-term business plan (FY26-FY28) policy and achieveing sustainable groth. Targets to achieve : Operating profit ratio 5% Challenge for New ●Stra

  29. Slide 29: 15th Mid-term Business Plan: Sustainability Roadmap

    15th Mid-term Business Plan：Sustainability Roadmap ・We established the Carbon Neutral Strategy Committee and Promotion Team in December 2022, and the Sustainability Promotion Department and Sustainability Committee in April 2023. ・ We established Basic Sustainability Policy and Road map in December

  30. Slide 30: 15th Mid-term Business Plan: Materiality & KPI

    15th Mid-term Business Plan：Materiality & KPI No. Materiality Category Our Aims The Company's Main Initiatives KPI（2030） Relation to the SDGs ・Design and develop items, such as EV ・Achieve Scope 1 Response to carbon 1 products, that meet customer needs And 2 carbon neutrality in neutrality Establish

  31. Slide 31: Table of Contents

    目次 1 決算概要 Financial Summary 2 業績予想 Earnings Forecast 3 経営戦略 Management Strategy 4 トピックス Topics Copyright(c) 2024 F-TECH INC. All Right Reserved 31

  32. Slide 32: Measures for Supporting Sustainable Growth

    Measures for Supporting Sustainable Growth ◆SAITAMA Environmental Fair & Children's Eco Festival ◆Food Drive Activity Since 2021, we have been holding a food drive tie-up with Saitama Resona Bank. On November 22, 2023, we held a joint presentation ceremony to children's support organizations. We don

  33. Slide 33: High recognition acquired from customers (FY 2023)

    High recognition acquired from customers（FY 2023） Global Quality Jul. 2023 NISSAN Nissan Global Supplier Award / Global Quality Award Awarded by Ministry of Education, Culture, Sport, Science Japan Kameyama Production Apl. 2023 Ministry of Education and Technology - Prize for creativity “Improvement

  34. Slide 34: Thank you for your attention!

    ご清聴ありがとうございました Thank you for your attention! 本資料で記述している将来予測及び業績予想は、現時点で入手可能な情報に基づき当社が 判断した予想であり、潜在的なリスクや不確実性が含まれています。 そのため、様々な要因の変化により実際の業績と記述としている将来見通しは 、大きく異なる 可能性があることを御承知おき下さい。 The future outlook and earnings forecasts in this document are made based on the information available at the moment, a

  35. Slide 35: Copyright(c) 2024 F-TECH INC. All Right Reserved

    Copyright(c) 2024 F-TECH INC. All Right Reserved 35

  36. Slide 36: Appendix: Consolidated Balance Sheet (FY Mar. 2024 Results)

    Appendix ～ Consolidated Balance Sheet（FY Mar. 2024 Results）～ （ Unit： Million Yen ） FY Mar.2024 Actual FY Mar.2025 Forecast Changes FY Mar.2024 Actual FY Mar.2025 Forecast Changes Cash and Deposits 12,204 7,000 ▲ 5,204 Notes and AP 27,902 28,190 288 Notes and AR 41,596 43,151 1,555 short-term loans 3

  37. Slide 37: Appendix: Consolidated Cash Flow Statement (FY Mar. 2024 Results)

    Appendix ～ Consolidated Cash Flow Statement (FY Mar. 2024 Results ) ～ （ Unit ：Million Yen ） OperatingＣＦ FY Mar.2024 Actual FY Mar.2025 Forecast Change 25,000 InvestmentＣF 19,466 FreeＣＦ 20,000 営業活動キャッシュフロー Cash flow fm operating activities 19,466 10,485 ▲ 8,981 15,000 10,564 10,485 投資活動キャッシュフロー Cash

  38. Slide 38: Appendix: Corporate Overview

    Appendix -Corporate Overview Company Name F-TECH INC. Market Segment Standard Market (7212) Capital 6.79 Billion Yen President and CEO Yuichi Fukuda Consolidated Sales 298.7 Billion Yen (year ending Mar 2024) Number of Employees 9,800（Non-consolidated: 939人＊） / Consolidated *Non-consolidated: Domest

  39. Slide 39: Appendix: F-tech's History

    Appendix -F-tech’s History Establishment 4 wheel business Business expansion Global expansion （1947‐1964） （1965‐1987） （1988‐1999） （2000‐ current） 1986 1999 2014 R&D NA Europe Branch established 1997 Daihatsu business starts 1964 Dyna-Mig operation begins 2013 2023 Renamed to Fukuda F&P Mfg (Canada)

  40. Slide 40: Appendix: Our Vehicle Components

    Appendix -Our Vehicle Components Suspension Parts Control parts RR FR Mounted Module Assy Components Our products are critical safety auto parts which perform fundamental functions, “Drive”, “Turn” and “Stop”. We aim at the optimal specifications considering the higher operation stability, riding co

  41. Slide 41: Appendix: Our Business Outline (Chassis Parts Development and Production)

    Appendix -Our Business Outline（Chassis Parts Development and Production） Product Development Forming Welding Painting Assembly All processes, from product planning and development to mass-production, are carried out through F-TECH’s proprietary integrated processing system, which enables F-TECH to s

  42. Slide 42: Appendix: F-TECH Group Companies in Japan

    Appendix ～ F-TECH Group Companies in Japan 【Facilities】 【Group Companies】 【Affiliated Companies】 Head Office・Kuki Plant Fukuda Engineering Johnan Manufacturing Inc. Kameyama Plant Kyushu F.tech Inc. Johnan Kyushu Manufacturing Inc. Haga Technical Center Reterra Inc. Equipment Center Johnan Manufactu

  43. Slide 43: Appendix: F-TECH Group Overseas Subsidiaries

    Appendix ～ F-TECH Group Overseas Subsidiaries（As of April 1, 2024) Dyna-Mig, A division of YANTAI FUYAN MOULD F&P Mfg.,Inc. CO.,LTD F-Tech WUHAN Inc. F&P MFG.,INC. F&P AMERICA MFG.,INC. Michigan/R&D NA Office F&P Georgia, A division of F-Tech Zhongshan Inc. F-TECH NORTH F&P America Mfg.,Inc. F.tech

  44. Slide 44: Appendix: Affiliates and Alliances

    Appendix -Affiliates and Alliances （ As of April 1, 2024 ) Johnan Wuhan Inc. Shanghai Huizhong POS-AUSTEM Yantai JV OZAUTO-AUSTEM L.L.C. Automotive Co. Ltd. JOHNAN AMERICA INC. SMC Co.,Ltd. PROGRESSIVE TOOLS & COMPONENTS(P) Ltd. CHEN IEU INDUSTRY CO., LTD. JOHNAN DE MEXICO, VEE GEE Auto Components P

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