Unisol Holdings Corporation · TSE:7128
Unisol — MARUKA FURUSATO — Q2 FY2024 Earnings Presentation
27 slides from Unisol's earnings presentation, August 2024
Slide 1: Second Quarter of FY2024 Earnings Presentation
Second Quarter of FY2024 Earnings Presentation August 2024 MARUKA FURUSATO Corporation © MARUKA FURUSATO CORPORATION
Slide 2: Consolidated Financial Results
01 Consolidated Financial Results © MARUKA FURUSATO CORPORATION
Slide 3: Second Quarter of FY2024 Consolidated Financial Results Summary
Second Quarter of FY2024 Consolidated Financial Results Summary Net sales Operating profit Profit attributable to owners of parent 78,845 million yen 1,706 million yen 2,862 million yen Year on year：92.6％ Year on year：53.6％ Year on year：110.2％ （JPY million） 200,000 （JPY million） 10,000 （JPY million）
Slide 4: Revised Earnings Forecast Announced on July
Revised Earnings Forecast Announced on July 26 (in contrast with initial forecast) - Revised earnings forecast announced on July 26. → Net sales: Full-year forecast revised from 174,000 million yen as a result of Machinery & Tools having underperformed target. → Operating profit: Gross profit margin
Slide 5: Consolidated Profit and Loss (in contrast with the full-year forecast)
Consolidated Profit and Loss (in contrast with the full-year forecast) - Net sales: Revised earnings forecast on July 26. Expecting increased demand in 2H. - Operating profit: Revised earnings forecast on July 26. Expecting increased demand in 2H. - Profit: Gain on sales of investment securities rec
Slide 6: Factors Affecting Operating Profit (Year on year)
Factors Affecting Operating Profit (Year on year) - Net sales: Decreased by 12.2% YoY in Machinery & Tools. Overseas net sales significantly declined by more than 30%. - Profit margin: Unchanged due to price revisions aligned with changes in purchase costs. - SG&A expenses: Increased by 6.7% in oper
Slide 7: Consolidated Balance Sheet
Consolidated Balance Sheet - Current assets: Accounts receivable - trade and notes receivable decreased due to decline in net sales. Cash and deposits increased. - Non-current assets: Decreased due to sale of investment securities. - Total net assets: Retained earnings increased even after payment o
Slide 8: Segments
02 Segments © MARUKA FURUSATO CORPORATION
Slide 9: Characteristics of Segments
Characteristics of Segments Machinery and Tools Construction Products A machinery technology trading company with the A construction products trading company with technical skills and proposal capabilities for manufacturing functions that provides providing, as well as designing, the optimum buildin
Slide 10: Segments by Business Company
Segments by Business Company MARUKA FURUSATO Corporation Over seas : KAN G-NET Gifu Shoji Maruka Maruka Corp. KAN 8 Company KAN MANUFACTORY ArPlus TS Precision Mtass Ref Machine tools, Machine tools Machine tools Forming CO2 refrigeration FA devices FA devices Industrial Industrial Washers Food mach
Slide 11: Machinery & Tools Segment
Machinery & Tools Segment - Machinery (Japan): Decreased by 18.9% year on year. New investment uncertain with respect to large enterprises and SMEs alike. - Machinery (Overseas): Decreased by 35.4% year on year (detailed breakdown by country and region on the following page). - Tools (Japan): Decrea
Slide 12: Machinery & Tools Segment Consolidated Overseas Net Sales
Machinery & Tools Segment Consolidated Overseas Net Sales - Overseas net sales: 11,291 million yen (Year on year: decreased by 6,195 million yen (35.4% decrease)) - North America: Decreased by 28.6% year on year. Despite economic uncertainty in North America, orders currently on path of recovery. -
Slide 13: Construction Products Segment
Construction Products Segment - Building products (net sales): Increased by 0.5% year on year. Steel framing demand lower than forecast, but generated temporary demand and implemented price adjustments. - Building products (operating profit): Competition has increased in materials for large properti
Slide 14: Construction Machinery Segment
Construction Machinery Segment - Diminished customer willingness to purchase new construction machinery upon having upwardly revised prices to reflect increases in raw material prices. - Maintained earnings results by focusing on sales of used equipment amid robust machinery demand due to intensifyi
Slide 15: IoT Solution Segment
IoT Solution Segment - Demand for security equipment robust and increasing due to orders for large-scale projects. - Inquiries regarding automated delivery robots have also been trending higher. Cumulative quarterly Quarterly transition results year on year （JPY million） 1,000 （JPY200 million） （JPY
Slide 16: Medium-Term Management Plan
03 Medium-Term Management Plan © MARUKA FURUSATO CORPORATION
Slide 17: Medium-term Management Plan "UNISOL"
Medium-term Management Plan “UNISOL” - The 1st Stage (first 2 years of the plan) proceeded steadily overall. - The 2nd Stage starts from FY2024. We will accelerate the pace of growth to achieve the targets for the final fiscal year. Management “UNISOL” integration ～ Change and Challenge toward the N
Slide 18: Progress of Synergy on Roadmap to Achieving Earnings Targets
Progress of Synergy on Roadmap to Achieving Earnings Targets - Increased share of the industrial machinery market has spurred progress in expanding sales of products among 2,500Group companies. - There is steady progress in achieving the effects of EV-related, automation and labor saving. - Continui
Slide 19: Financial and Capital Strategy
Financial and Capital Strategy ・ Launch measures regarding shareholder returns “one after another” ・ Carry out flexible shareholder returns according to profit levels and financial conditions (special dividends and purchase of treasury shares) April 15 Change in return policy May 13 Revision of shar
Slide 20: Topics
Topics Decarbonization EKIDEN 365 Project Revision of shareholder benefits program The Company participates in the Decarbonization The Company has revised its shareholder EKIDEN 365 Project as one of its initiatives of seeking to benefits program in seeking to gain prolonged “achieve harmony and coe
Slide 21: Result Forecasts and Dividend Policy
04 Result Forecasts and Dividend Policy © MARUKA FURUSATO CORPORATION
Slide 22: Earnings forecast
Earnings forecast - Net sales: Machinery & Tools and Construction Products likely to encounter greater demand in 2H. - Operating profit: Seeking to improve profit margin by achieving increase in sales that exceeds increase in expenses. - Profit: Anticipated sale of investment securities largely comp
Slide 23: Dividend Policy
Dividend Policy - On April 15, 2024, announced a change in shareholder return policy and revised dividend forecast. → The basic policy is to continuously increase dividends based on DOE while emphasizing stable dividends over the long term. → Raise DOE in stages and aim to achieve DOE of 3.5% within
Slide 24: Appendix
05 Appendix © MARUKA FURUSATO CORPORATION
Slide 25: Consolidated Segment Quarterly Data
Consolidated Segment Quarterly Data Net sales Segment profits (million yen) (million yen) 50,000 2,000 40,000 1,500 30,000 1,000 20,000 500 10,000 0 ▲ 500 0 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 FY2023 FY2024 FY2023 FY2024 ＴＯＴＡＬ 1,767 1,418 1,497 1,021 950 756 ＴＯＴＡＬ 43,781 41,378 44,152 43,668 40,362
Slide 26: Disclaimer
Disclaimer ・Notes on this material This material is prepared for the sole purpose of providing information to use as reference, and is not intended as a solicitation for investment. This material contains forward looking statements that reflects Maruka Furusato Corporation's plans and expectations.
Slide 27: UNISOL
UNISOL