Pillar Corporation · TSE:6490
Pillar — Q3 FY2024 Earnings Presentation
34 slides from Pillar's earnings presentation, Feb 6, 2025
Slide 1: Financial Results Presentation Material Q3 FY ending March 2025
Feb 6,2025 PILLAR Corporation Financial Results Presentation Material Q3 for Fiscal Year Ending March 31, 2025 Tokyo Stock Exchange Prime Market 6490
Slide 2: Contents
Contents 01 Business Performance for Q3 of FYE March 31,2025 02 Full-year Earnings Forecast for the Fiscal Year Ending March 31,2025 03 Reference Materials①： Key Indexes 04 Reference Materials②： Corporate Profile © PILLAR Corporation 2
Slide 3: Business Performance for Q3 of FYE March 31, 2025
Business Performance for Q3 of FYE March 31,2025 © PILLAR Corporation 3
Slide 4: Financial Highlights
Financial Highlights Consolidated sales experienced a slight year-on-year decrease, while operating income declined significantly. Year-on-Year Sales -630 million yen(－1.5％) Operating income -2.27 billion yen(－21.4％) Electronic Equipment Business Although we had anticipated a market recovery from Q3
Slide 5: Summary of Business Performance for Q3 of FYE March 31, 2025
Summary of Business Performance for Q3 of FYE March 31,2025 Consolidated FY23 Q3 FY24 Q3 Year-on-Year (Unit： Million Yen) Results Results Change Change rate(％) Sales 42,781 42,151 - 630 -1.5 Operating income 10,604 8,338 - 2,266 -21.4 Operating income ratio 24.8% 19.8% - 5.0P － Ordinary income 11,21
Slide 6: Trends of Company-wide Performance
Trends of Company-wide Performance Electronic Equipment Business: Both sales and income decreased. Industrial Equipment Business: Sales increased, while income declined. In the Electronic Equipment Business, sales and orders were sluggish due to the delayed recovery of the semiconductor market and o
Slide 7: Electronic Equipment Business Performance Trends
Electronic Equipment Business Performance Trends Sales and OP income by segment Sales/OP Income/OP Income Ratio(Unit： Million Yen) →Sales －4.6％ YoY →OP Income －21.9%YoY Sales Operating income Operating income ratio Although positive factors such as product 31.6% 32.0% 30,017 28,646 price revisions a
Slide 8: Industrial Equipment Business Performance Trends
Industrial Equipment Business Performance Trends Sales and OP income by segment Sales/OP Income/OP Income Ratio(Unit： Million Yen) →Sales +5.8％ YoY Sales Operating income Operating income ratio →OP Income －19.1％ YoY 13,476 TANKEN SEAL SEIKO maintained 12,733 strong performance and is expected to rea
Slide 9: Analysis of Increase/Decrease in Sales for Q3
Analysis of Increase/Decrease in Sales for Q3 of FYE March 31,2025 (Unit： Million Yen) Electronic Equipment Business Industrial Equipment 42,781 - 1,371 Business Others 42,151 ＋743 -2 Increase/Decrease －630 YoY －1.5% FY23 Q3 FY24 Q3 accumulated accumulated © PILLAR Corporation 9
Slide 10: Analysis of Increase/Decrease in Operating Income for Q3
Analysis of Increase/Decrease in Operating Income for Q3 of FYE March 31,2025 As uncertainty around our semiconductor market products has not been dispelled, sales and orders remained sluggish, pushing down our profits. Depreciation costs increased by 600 million yen, including those from the Fukuch
Slide 11: Trends of Overseas Sales
Trends of Overseas Sales (Unit： Million Yen) Europe,etc USA Asia Overseas sales ratio +0.6P 31.1% -2.0P 30.5% －0.1P 29.1% 28.0% 27.9% 17,067 15,165 12,416 12,000 11,765 10,198 8,226 7,410 6,681 7,164 4,917 4,594 3,479 3,739 2,783 2,022 2,276 1,840 1,816 1,267 FY21 FY22 FY23 FY23 Q3 FY24 Q3 © PILLAR
Slide 12: Sales by Market (Non-consolidated)
Sales by Market (Non-consolidated) Semiconductor and Oil, steel and (Unit： Million Yen) Chemical and others transportation liquid crystal Both gland packing for Demand for spare parts The AI-related and Chinese increased in both domestic the overseas valve 36,145 markets remained strong; and oversea
Slide 13: Trends of Orders Received and Order Backlog
Trends of Orders Received and Order Backlog Orders received (Unit： Million Yen) Electronic Euipment Business Industrial Equipment Business 54,227 50,548 12,231 17,486 41,995 12,959 12,833 13,375 13,519 13,481 12,113 12,641 33,061 4,006 4,362 4,694 4,423 5,098 4,446 4,797 8,106 8,279 8,265 8,410 8,27
Slide 14: Full-year Earnings Forecast for the Fiscal Year Ending March 31, 2025
Full-year Earnings Forecast for the Fiscal Year Ending March 31,2025 © PILLAR Corporation 14
Slide 15: Summary of Full-Year Earnings Forecast for the FYE March 31, 2025
Summary of Full-Year Earnings Forecast for the FYE March 31,2025 ■Revised downward from the previous forecast on November 13, 2024. Consolidated FY23 FY24 Year-on-Year (Unit： Million Yen) Results Previous Forecast Revised Forecast Change Change rate(％) Sales 58,605 62,000 57,000 - 1,605 -2.7 Operati
Slide 16: Trends of Company-wide Performance
Trends of Company-wide Performance We have revised our sales and income forecasts downward, as the market recovery has been slower than anticipated, and semiconductor market has not rebounded as expected in the second half of the year. Compared to the previous forecast Sales：62 billion yen → 57 bill
Slide 17: Electronic Equipment Business Performance Trends
Electronic Equipment Business Performance Trends Sales are expected to decline due to the delayed demand recovery, along with the expectation that inventory adjustments by some customers will continue until Q2 of FYE March 31, 2026. Although positive factors such as product price increases and cost
Slide 18: Industrial Equipment Business Performance Trends
Industrial Equipment Business Performance Trends Sales are expected to reach a record high for the third consecutive year. TANKEN SEAL SEIKO is also anticipated to achieve record highs in both sales and profits, contributing positively to the group’s performance. Profits are projected to decline due
Slide 19: Analysis of Increase/Decrease in Sales for FYE March 31, 2025
Analysis of Increase/Decrease in Sales for FYE March 31,2025 (Unit： Million Yen) Electronic Equipment Business Industrial Equipment 58,605 -1,775 Business Others 57,000 +207 -37 Increase/Decrease －1,605 YoY －2.7% FY24 FY23 （Forecast） © PILLAR Corporation 19
Slide 20: Analysis of Increase/Decrease in Operating Income for FYE March 31, 2025
Analysis of Increase/Decrease in Operating Income for FYE March 31,2025 Costs are expected to rise significantly due to higher labor costs, energy price hikes, as well as depreciation costs (0.7 billion yen) associated with the Fukuchiyama Second Factory and the 100th anniversary ceremony expenses(0
Slide 21: Return to Shareholders
Return to Shareholders Dividend Policy：Ensuring stable and continuous payments while aiming for a payout ratio of 30% or more Dividend forecast left unchanged despite the downward revision of sales and income forecasts. Dividend Forecast ： An annual dividend of 125 yen per share （ Consolidated Payou
Slide 22: Reference Materials①: Key Indexes
Reference Materials①：Key Indexes © PILLAR Corporation 22
Slide 23: Long-term Trend of Key Indexes
Long-term Trend of Key Indexes Sales/Operating Income(Unit： Million Yen) Sales Operating Income 62,000 58,605 48,702 40,670 14,206 13,842 13,000 29,461 30,963 29,213 30,200 11,392 27,225 22,960 5,166 5,161 5,126 4,847 3,469 3,683 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Forecast ROE・ROA・DOE
Slide 24: Long-term Trend of P/L
Long-term Trend of P/L (Unit： Million Yen) FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Sales 21,675 22,960 27,225 29,461 30,963 29,213 30,200 40,670 48,702 58,605 YoY 5.9% 18.6% 8.2% 5.1% -5.7% 3.4% 34.7% 19.7% 20.3% Operating Income 3,226 3,469 5,166 5,161 5,126 3,683 4,847 11,392 13,842 14,2
Slide 25: Long-term Trend of B/S
Long-term Trend of B/S (Unit： Million Yen) FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Current assets 26,124 25,279 29,832 28,821 28,375 27,025 27,994 38,050 44,605 49,274 Non-current assets 15,342 16,884 19,514 22,717 24,597 26,165 26,955 26,941 27,886 49,561 Total assets 41,466 42,164 49,347
Slide 26: Long-term Trend of C/F
Long-term Trend of C/F (Unit： Million Yen) FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 Cash flow from 2,957 3,074 3,220 3,752 5,035 4,064 5,676 11,950 6,058 5,640 operating activities Cash flow from -1,378 -3,230 -2,363 -3,244 -3,902 -2,950 -3,705 -1,551 -573 -16,197 investing activities Cash
Slide 27: Reference Materials②: Corporate Profile
Reference Materials②：Corporate Profile © PILLAR Corporation 27
Slide 28: Company Information
Company Information Origin of our Company Name This naming originated from our first product developed in 1924, the “Patented Pillar Packing No. 1”, which was shaped like a pillar. Purpose Established 1924 Creating a future that Representative Yoshinobu Iwanami supports society Minimizing energy con
Slide 29: Electronic Equipment Business Main Products and Delivery Destinations
Electronic Equipment Business Main Products and Delivery Destinations Our product groups that take advantage of fluororesin’s properties such as “chemical resistance”, “heat resistance” and “low friction” Fluororesin fittings and tubes are unaffected by various chemical liquids. Therefore, they are
Slide 30: Industrial Equipment Business Main Products and Delivery Destinations
Industrial Equipment Business Main Products and Delivery Destinations Mechanical Seals, Gland Packings These devices prevent leak of fluid under extreme conditions of high temperature and high pressure, and are used in pumps and valves in oil refining and chemical plants. Gaskets These parts prevent
Slide 31: Our Advantages① Over 100 years of material development capabilities
Our Advantages① Over 100 years of material development capabilities Over the past 100 years, we have been conducting independent research and development across various materials, including those used for gas and liquid applications, at both high temperatures and low temperatures. With our deep unde
Slide 32: Our Advantages② Material×Technology×Abundant Fluid Solutions
Our Advantages② Material×Technology×Abundant Fluid Solutions In the Electronic equipment business, leveraging our deep understanding of material properties, we are able to utilize injection molding technology for shapes that commonly requiring cutting, as our technology continues to advance. In the
Slide 33: Sales by Segment and Trend in the Composition Ratio
Sales by Segment and Trend in the Composition Ratio The sales composition of the electronic equipment business has increased significantly, from 54.5% in FY2014 to 69.1% in FY2023, due to continuous growth alongside the markets while maintaining a high market share. The sales of the industrial equip
Slide 34: Clip of our Company and Products (Contact)
•This material includes descriptions about forecasts, plans and outlooks of future business performance. These descriptions do not guarantee the future business performance and contain elements of risk and uncertainty. •Please note that the future business performance may largely differ from the con