Morita Holdings Corporation · TSE:6455
Morita — Q1 FY2024 Earnings Presentation
27 slides from Morita's earnings presentation, Jul 30, 2024
Slide 1: First Quarter Financial Results for FY2024
First Quarter Financial Results for FY2024 July 30, 2024 Securities Code: 6455 © 2024 MORITA HOLDINGS CORPORATION
Slide 2: I. Company Overview
I. Company Overview © 2024 MORITA HOLDINGS CORPORATION
Slide 3: Company Outline
Company Outline ∎ Company Name : MORITA HOLDINGS CORPORATION ∎ Founded : April 23, 1907 ∎ Established : July 23, 1932 ∎ Representative : Masahiro Nakajima, Chairman & CEO Shinichi Kanaoka, President ∎ Paid-in Capital : 4.75 bil. JPY ∎ Net Sales : 95.2 bil. JPY (Consolidated) (for the year ended Marc
Slide 4: Business Segments
Business Segments Fire Fighting Fire Protection Recycling Environmental Vehicles Equipment Machines Conservation Segment & Systems Vehicles (FFV) (FPES) (RM) (ECV) Business Lines Fire extinguishers, Sanitary vehicles, Fire fighting vehicles, Recycling facilities, Fire extinguishing Garbage trucks, M
Slide 5: Morita's Philosophy
Morita’s Philosophy ∎ Purpose（Our reason for being in society） Safeguarding lives and the environment. Securing peace of mind. Technology, powered by visionary challenge. ∎ Vision（The society we envision and our aspirations） To be a valued and respected company by serving to shape a safe, accessible
Slide 6: Sustainability
Sustainability Category Materiality Relevant SDGs Initiatives on the problem 1 of climate change Contribution to a recycling 2 -oriented society Materialities concerning Contribution to a safe and business 3 secure society activities Creation of environmental 4 value through persistent technological
Slide 7: II. First Quarter Financial Results for FY2024
Ⅱ. First Quarter Financial Results for FY2024 © 2024 MORITA HOLDINGS CORPORATION
Slide 8: Orders and Backlog
Orders and Backlog （bil. JPY） Order FY22Q1 FY23Q1 FY24Q1 Intake Actual Actual Actual YoY Order Intake FFV FPES RM ECV FFV 25.3 30.2 33.7 +3.5 50 FPES 2.0 2.5 4.2 +1.7 40 RM 1.8 1.5 1.2 -0.3 30 20 ECV 3.2 2.7 3.6 +1.0 10 0 Total 32.3 36.9 42.8 +5.9 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 Order FY22Q1
Slide 9: Statements of Income
Statements of Income （bil. JPY） FY22Q1 FY23Q1 FY24Q1 FY24 Actual Actual Actual YoY Estimate YoY comment Net sales 12.4 14.6 18.6 +4.0 100.0 Net Sales reached a record high. FFV 4.9 5.7 8.6 +2.9 57.8 The FFV business increased sales due to high domestic deliveries and a recovery in Bronto, FPES 4
Slide 10: III. Basic Strategy
Ⅲ. Basic Strategy © 2024 MORITA HOLDINGS CORPORATION
Slide 11: Transition of Performance
Transition of Performance 売上高 Net sales 営業利益 Operating profit bil. JPY bil. JPY 110 11 100 10 100 95 10 10 9 90 85 9 80 8 70 7 62 60 6 50 5 4 40 40 4 30 3 20 2 1 10 1 0 0 '00 '02 '04 '06 '08 '10 '12 '14 '16 '18 '20 '22 '00 '02 '04 '06 '08 '10 '12 '14 '16 '18 '20 '22 '24E '24E © 2024 MORITA HOLDINGS
Slide 12: History
History Founded by Started Environmental Conservation Started Recycling Acquired Finland's Shosaku Morita Vehicles business Machines business BRONTO SKYLIFT OY AB Developed Japan's first fire pump Started Fire Protection Acquired MIYATA INDUSTRY CO., LTD Transition to Prime Market with a gasoline en
Slide 13: Market Share (2000-2023)
Market Share (2000-2023) ※ ※ FFV FPES (Fire Fighting Vehicles) (Fire Extinguishers) 39% 12% ※ ※ RM ECV (Scrap Shears) (Sanitary Vehicles) 82% 22% ※ Internal investigation © 2024 MORITA HOLDINGS CORPORATION 13
Slide 14: Growth Strategy
Growth Strategy Strategy to expand and develop niches with two growth vectors, starting from the core niche-top “Niche-top Strategy” (Area/customer segment) Customer Niche-top Provided value (Solutions) © 2024 MORITA HOLDINGS CORPORATION 14
Slide 15: Factors Supporting Growth Strategy
Factors Supporting Growth Strategy Safeguarding lives and the environment. Securing peace of mind. Technology, powered by visionary challenge. Management resources Ability to create customer value ∎ Human resources for global growth ∎ Strategic R&D Strategy Growth ∎ R&D center ∎ Open innovation ∎ Ca
Slide 16: R&D
R&D Development Planning Office New R&D Center Morita Advanced Technology Innovation Center WE dedicate ourselves to securing a future filled with peace of mind Future Disaster Prevention Design and Product Design Field by pursuing open innovation and to being a valued and respected company Science
Slide 17: R&D: EN Standard Compliant Loikka Aerial Ladder and MoEVius
R&D EN Standard Compliant Electric Fire Fighting Vehicle Loikka Aerial Ladder MoEVius concept Japan's first* electric fire fighting vehicle with zero emissions, low noise and low vibration. The independently developed ePTO (pump drive system) and e-Fire Pump (dedicated EV pump) achieve high energy e
Slide 18: Outline of Mid-term Plan
Outline of Mid-term Plan Global Fire Fighting and Disaster Prevention Solution Company Basic Policies Financial Targets（FY2025） Increasing Profitability of existing Operating 1 Margin business 12％ Cultivate and expand overseas 2 businesses and new businesses Growth strategy investment budget ROE Enh
Slide 19: Cash Allocation
Cash Allocation FY23-25 Cash Allocation ∎ Accelerate R&D investment for Cash-in Cash-out products and services high value- added ∎ Flexibly control financial leverage, ∎ Recruit and develop human capital in including use of interest-bearing debt Borrowings line with business strategy 11 billion JPY
Slide 20: Capex / R&D Cost / Dividends
Capex / R&D Cost / Dividends Capex R&D Cost Dividends／DPS 設備投資 研究開発費 配当⾦ bil. JPY Capex Depreciation bil. JPY bil. JPY Dividends DPS 5 5 5 50 JPY 48 4 4 4 43 40 38 3 3 3 2.5 2.5 2.2 2 2 2 1 1 1 0 0 0 '20A '21A '22A '23A '24E '20A '21A '22A '23A '24E '20A '21A '22A '23A '24E © 2024 MORITA HOLDINGS CO
Slide 21: Appendix
Appendix © 2024 MORITA HOLDINGS CORPORATION
Slide 22: Transition of Performance (Q1)
Transition of Performance（Q1） （bil. JPY） 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Net sales 8.9 8.4 9.6 9.8 7.7 8.3 11.0 10.7 12.1 11.3 10.4 10.4 12.4 14.6 18.6 FFV 3.5 2.3 1.8 2.7 1.4 1.8 4.2 4.7 4.0 4.6 3.8 3.4 4.9 5.7 8.6 FPES 2.8 3.6 4.3 3.4 3.6 3.8 3.8 3.3 5.2
Slide 23: Transition of Performance (Full Year)
Transition of Performance（Full Year） （bil. JPY） 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Net sales 61.7 59.7 63.7 67.1 71.7 71.9 68.6 85.1 85.5 91.5 86.9 84.7 83.6 81.3 95.2 FFV 31.9 31.6 31.4 33.5 35.9 38.3 32.8 52.0 49.8 54.6 51.0 51.8 49.1 44.9 54.4 FPES 14.3 13.
Slide 24: Sales Composition by Segment
Sales Composition by Segment 消防⾞輌事業 FFV 防災事業 FPES bil. JPY Domestic bil. JPY Fire extinguishers Overseas SPRINEX 60 25 Fire suppression systems 50 20 40 15 30 10 20 10 5 0 0 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 産業機械事業
Slide 25: Domestic Market Size
Domestic Market Size 消防⾞輌事業 Fire Fighting Vehicles Fire防災事業 Extingushers Units Morita Others Millions of units Morita Others 1600 7 1400 6 1200 5 1000 4 800 3 600 400 2 200 1 0 0 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '
Slide 26: Overview of Bronto Skylift
Overview of Bronto Skylift ∎ Company Name Bronto Skylift Oy Ab ∎ Address Teerivuorenkatu 28, FI-33300 Tampere, Finland ∎ Established 1972 ∎ Employees 407 （as of December 31, 2023） ∎ Affiliates Bronto Skylift Aktiebolag （Sweden） Bronto Skylift AG （Switzerland） Bronto Skylift Deutschland GmbH （Germany
Slide 27: Disclaimer
Disclaimer This document contains forward-looking statements. Where any such forward-looking statement includes a statement of the assumptions or bases underlying such a forward-looking statement, Morita Holdings cautions that assumed facts for bases almost always vary from the actual results, and d