Yamazen Corporation · TSE:8051
Yamazen — Q2 FY3/24 Earnings Presentation
25 slides from Yamazen's earnings presentation, Dec 26, 2023
Slide 1: FY3/24 (Q2) Supplementary Materials for Financial Results
YAMAZEN CORPORATION FY3/24 Supplementary (Q2) Materials for Financial Results Stock Code: 8051 YAMAZEN CORPORATION
Slide 2: Agenda
ＡＧＥＮＤＡ I. FY3/24 (Q2) Financial Highlights II. Earnings Forecast for FY3/24, Medium-Term Management Plan III. Shareholder Returns 2
Slide 3: I. FY3/24 (Q2) Financial Highlights
ＡＧＥＮＤＡ I. FY3/24 (Q2) Financial Highlights II. Earnings Forecast for FY3/24, Medium-Term Management Plan III. Shareholder Returns 3
Slide 4: FY3/24 (Q2) Consolidated Profit and Loss Results
FY3/24 (Q2) Consolidated Profit and Loss Results Percentage Full Year Plan FY3/23 FY3/24 (Million yen) change (Revised Sept. 13, Progress Rate (Q2) (Q2) YoY 2023) Net sales 261,817 248,680 -5.0% 500,000 49.7% Gross profit 38,215 36,793 -3.7% - - (Gross profit margin) 14.6% 14.8% +0.2ppt - - SG&A exp
Slide 5: Quarterly Trend in Consolidated Net Sales
Quarterly Trend in Consolidated Net Sales (million yen) FY3/21 FY3/22 FY3/23 FY3/24 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Q1 Q2 Q3 Q4 5
Slide 6: Outline of Business Segments
Outline of Business Segments Suppliers YAMAZEN Clients Users About 5,000 Production equipment About 3,000 FY3/24 Q2 companies companies Domestic Machine 37.4 billion yen (domestic and overseas) Tools Machine Tools Machine Tool Sellers, Machinery Overseas Machine 25.9 billion yen Division H.Q. Tool T
Slide 7: FY3/24 (Q2) Net Sales by Business Segment
FY3/24 (Q2) Net Sales by Business Segment FY3/23 FY3/24 Percentage (Million yen) change (Q2) (Q2) YoY Machine Tools Division 70,810 63,468 -10.4% Industrial Solution Division 49,993 45,366 -9.3% Tool & Engineering Division 52,999 51,288 -3.2% (Total for Production Equipment Business) 173,804 160,123
Slide 8: Net Sales Composition by Business (YoY Comparison)
Net Sales Composition by Business (YoY Comparison) Domestic production equipment: 48.1% → 48.5％ (+0.4ppt) Building Materials Business: 12.9% → 14.2％ (+1.3ppt) Overseas production equipment: 18.3% → 15.9％ (-2.4ppt) Home Products Business: 19.8% → 20.4％ (+0.7ppt) ーーーーーーーーーーーーーーーーーーーーーーーー ーーーーーーーーーーーーー
Slide 9: Production Equipment Segment Overview (Domestic/Overseas)
Production Equipment Segment Overview (Domestic/Overseas) Domestic Production Equipment Business: Sales of machine tools, etc. were weak, due to the lack of new investment activity in the semiconductor and automobile industries. Overall, sales of consumables such as industrial tools were also down c
Slide 10: Production Equipment Segment Quarterly Sales Trend (Domestic/Overseas)
Production Equipment Segment Quarterly Sales Trend (Domestic/Overseas) (million yen) Domestic Machine Tools Domestic Industrial Solution Domestice T&E 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY3/21 FY3/22 FY3/23 FY3/24 (million yen) Oversea
Slide 11: Consumer Goods Segment Overview (Building Materials/Home Products)
Consumer Goods Segment Overview (Building Materials/Home Products) ・Building Materials Business: Amid stagnant demand, sales of bathroom appliances, solar power generation systems, storage batteries, etc. remained strong due to proposals of high-value-added products in response to consumers' desire
Slide 12: Consumer Goods Segment Quarterly Sales Trend
Consumer Goods Segment Quarterly Sales Trend (Building Materials/Home Products) (million yen) Building materials 25,000 20,000 15,000 10,000 5,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY3/21 FY3/22 FY3/23 FY3/24 (million yen) Home products 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Q1
Slide 13: Factors for Changes in Operating Profit
Factors for Changes in Operating Profit (Million yen) Operating profit Decrease in gross Increase in SG&A profit expenses 1,422 1,856 Operating profit 8,148 Production equipment -2,267 Depreciation and amortization +805 4,869 Commission paid +689 Building +210 Personnel Materials +266 expenses Home
Slide 14: Consolidated Total Assets
Consolidated Total Assets Assets Liabilities and Total Assets (End of Mar. 2023) (End of Sept. 2023) (End of Sept. 2023) (End of Mar. 2023) Current liabilities 1,327 ｰ113 1,441 Current assets 2,385 -68 2,317 Long-term liabilities 215 +5 209 Noncurrent assets and Net assets 503 +9 deferred tax assets
Slide 15: II. Earnings Forecast for FY3/24, Medium-Term Management Plan
ＡＧＥＮＤＡ I. FY3/24 (Q2) Financial Highlights II. Earnings Forecast for FY3/24, Medium-Term Management Plan III. Shareholder Returns 15
Slide 16: FY3/24 Disclosed Full-year Plan
FY3/24 Disclosed Full-year Plan FY3/24 FY3/24 Percentage FY3/23 (Million yen) Plan Plan change Results (Announced May 2023) (Revised Sept. 2023) YoY Net sales 527,263 550,000 500,000 -5.2% Operating profit 16,563 15,000 10,000 -39.6% Operating profit margin 3.1% 2.7% 2.0％ -1.1ppt Ordinary profit 17,
Slide 17: Full Year Business Plan - Net Sales by Business
Full Year Business Plan - Net Sales by Business FY3/24 Percentage FY3/23 change (Million yen) Plan Results (Revised Sept. 2023) YoY Machine Tools Division 151,214 132,000 -12.7% Industrial Solution Division 96,315 93,000 -3.4% Tool & Engineering Division 105,673 103,000 -2.5% (Total for Production E
Slide 18: FY3/24 Forecasts for the Production Equipment Business
FY3/24 Forecasts for the Production Equipment Business Percentage Percentage Net sales plan Segment profit Operating (Million yen) change change (Revised Sept. 2023) plan profit margin YoY YoY Production Equipment Business Total Full-year 328,000 -7.1% 8,000 -42.7% 2.4% Production Equipment Business
Slide 19: FY3/24 Forecasts for the Consumer Goods Business
FY3/24 Forecasts for the Consumer Goods Business Percentage Net sales plan Percentage change Segment profit Operating (Million yen) change (Revised Sept. 2023) YoY plan profit margin YoY Building Materials Division Full-year 69,000 ＋1.4% 2,400 ＋2.5% 3.5% Home Products Division Full-year 101,000 ＋0.3
Slide 20: Revision of Earnings Forecasts - Before/After Comparison
Revision of Earnings Forecasts - Before/After Comparison (Million yen) FY3/23 FY3/24 FY3/24 Percentage Difference Percentage plan plan Difference change Segment Business results from initial change (Announced (Revised Sept. YoY from initial May 2023) 2023) plan YoY plan Machine Tools (Domestic) Net
Slide 21: Medium-Term Management Plan: Disclosed Plan for Sales/Profit/Management Indicators
Medium-Term Management Plan: Disclosed Plan for Sales/Profit/Management Indicators FY3/23 results FY3/25 plan FY3/24 plan FY3/24 plan (Million yen) FY3/22 (First year of Medium- (Announced May 2023) (Revised Sept. 2023) (Final year of Medium-Term Term Management Plan) Management Plan) Net sales 501,
Slide 22: III. Shareholder Returns
ＡＧＥＮＤＡ I. FY3/24 (Q2) Financial Highlights II. Earnings Forecast for FY3/24, Medium-Term Management Plan III. Shareholder Returns 22
Slide 23: Notice of Change in Shareholder Returns Policy
Notice of Change in Shareholder Returns Policy (Disclosed on August 10, 2023) Reason for change: The shareholder returns policy is specified in terms of the consolidated payout ratio, however, because the current Medium-Term Management Plan incorporates an increase in depreciation and amortization d
Slide 24: Shareholder Returns
Shareholder Returns ➢ FY3/23: Paid an interim and year-end dividend of 20 yen per share each, for an annual dividend of 40 yen per share. ➢ FY3/24: Plan to pay an interim dividend of 20 yen per share and a year-end dividend of 29 yen per share, for an annual dividend of 49 yen per share. 160.00 65.0
Slide 25: Pioneering a new future, with you all
Pioneering a new future, with you all [Note on forward-looking information] “The forward-looking statements in this document, including the Medium-Term Management Plan and forecasts, are based on information currently available to the Company and certain assumptions that the Company considers reason