Mitsuboshi Belting Ltd. · TSE:5192
Mitsuboshi Belting — H1 FY2025 Earnings Presentation
13 slides from Mitsuboshi Belting's earnings presentation, November 2024
Slide 1: Financial Results Briefing Materials
Financial Results Briefing Materials (2024/4/1〜2024/9/30） 1
Slide 2: Note to future-oriented statements
Note to future-oriented statements The forward-looking statements in this document, including performance forecasting, are based on currently available information and assumptions considered reasonable by us and do not guarantee our future financial results. Actual results may differ greatly from th
Slide 3: Consolidated Financial Summary
Consolidated Financial Summary （millions of yen） 2025/3 vs.PY 2024/3（2023/4-2024/3） （2024/4-2024/9） (1st Half) 1st Half Margin 2nd Half Margin Full Year Margin 1st Half Margin change % Sales 42,028 - 41,986 - 84,014 - 45,451 - +3,423 +8.1% Operating 4,137 9.8% 3,622 8.6% 7,759 9.2% 4,548 10.0% +411
Slide 4: Quarterly Results
Quarterly Results （100 mil. of yen) Sales 206 220 212 205 215 210 210 224 230 187 185 193 186 192 191 200 174 164 175 178 161 169 144 150 100 50 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 2020/3 2021/3 2022/3 2023/3 2024/3 2025/3 Operating profit 29 30 26 23 21 23 25 20 21 2
Slide 5: Sales by Business
Sales by Business （millions of yen） 2025/3 vs.PY 2024/3（2023/4-2024/3） （2024/4-2024/9） (1st Half) 1st Half Margin 2nd Half Margin Full Year Margin 1st Half Margin change % Belts (Japan) 13,877 33.0% 13,485 32.1% 27,362 32.6% 14,204 31.3% +327 +2.4% Belts (outside Japan) 22,424 53.4% 21,511 51.2% 43,
Slide 6: Breakdown of Belt Sales
Breakdown of Belt Sales （millions of yen） 2025/3 vs.PY 2024/3（2023/4-2024/3） （2024/4-2024/9） (1st Half) 1st Half Margin 2nd Half Margin Full Year Margin 1st Half Margin change % Automotive parts 19,316 53.2% 19,404 55.4% 38,720 54.3% 21,417 55.3% +2,101 +10.9% Industrial belt 11,698 32.2% 10,257 29.
Slide 7: Analysis of Operating Profit
Analysis of Operating Profit （100 mil. of yen） 2023-2Q 2024-2Q change (＋) Increase in sales Sales 420.2 454.5 +34.2 Effects of FOREX Rates Operating Profit 41.3 45.4 +4.1 (－) Effects of sales composition Ordinary Increase in labor costs and logistics costs Profit 56.1 42.8 △13.3 Operating Profit
Slide 8: Capital expenditures and Depreciation
Capital expenditures and Depreciation （100 mil. of yen） Capital expenditures （capitalized amounts） 1st Half 2nd Half 80 60 75 64 37 44 36 60 24 41 34 32 33 32 40 17 22 21 24 39 27 19 19 30 15 52 20 7 9 14 21 19 32 7 15 21 18 22 0 10 14 12 10 14 11 13 13 2012/3 2013/3 2014/3 2015/3 2016/3 2017/3 2018
Slide 9: Forecast
Forecast （millions of yen） 2025/3 Year-on-Year 2024/3 Forecast 1st Half change ％ Results (2024/4- Full year 2024/9) Sales 84,014 45,451 88,500 +4,486 +5.3% Operating Profit 7,759 4,548 9,050 +1,291 +16.6% Margin 9.2% 10.0% 10.2% Ordinary Profit 9,605 4,286 8,600 △1,005 △10.5% Margin 11.4% 9.4% 9.7%
Slide 10: Dividends
Dividends Interim Year-end Total 2024/3 ¥125 ¥125 ¥250 2025/3 ¥90 2025/3(Forecast) ¥90 ¥180 250 Payout ratio Ordinary dividend 100 100 2009/3︓482％ 100 200 2010/3︓130％ Special dividend 97 Payout ratio % 80 150 65 250 55 250 60 100 41 37 180 40 28 30 26 24 28 30 29 25 22 21 21 20 20 24 143 50 60 32 36
Slide 11: Acquisition and Retirement of treasury shares
Acquisition and Retirement of treasury shares （Thousand Shares） Aggregate number of shares issued as of June 30,1998 51,998 (100%) Total acquisition of treasury shares 25,799（50％） Total retirement of treasury shares Stock Market Owned Disposal 20,835（40％） FY2024 (Plan) Aggregate number of shares iss
Slide 12: ESG initiatives (1)
ESG initiatives（1） Time Category Initiatives Mitsuboshi Belting Fureai Council, a volunteer organization comprising Group employees, formed Nov. 2000 S to promote town development where residents and businesses coexist Oct. 2003 G Executive Officer system introduced May 2015 G Risk Management Commit
Slide 13: ESG initiatives (2)
ESG initiatives（2） Time Category Initiatives March S G The Corporate Philosophy, Management Principle, etc. organized into a new philosophy system. Selected as a constituent of the FTSE Blossom Japan Sector Relative Index, a leading index for June E S G ESG investment 2023 “Sustainability Report 202