Daifuku Co., Ltd. · TSE:6383
Daifuku — H1 FY2017 Earnings Presentation
19 slides from Daifuku's earnings presentation, Nov 10, 2017
Slide 1: Consolidated Financial Results, First Half of FY Ending March 31, 2018
Consolidated Financial Results First Half of the Fiscal Year Ending March 31, 2018 (April 1, 2017 - September 30, 2017) November 10, 2017 DAIFUKU CO., LTD. SN Value Innovation 2020 DAIFUKU Always an Edge Ahead
Slide 2: Fiscal 2017 Interim Highlights
Fiscal 2017 Interim Highlights (April 1, 2017 - September 30, 2017) 1 9 New record highs achieved for interim orders, sales, and operating income 9 Orders: Benefited from investments in the semiconductor, flat-panel display, and e-commerce sectors. 9 Operating income: Earnings strength increased sig
Slide 3: FY2017 Interim Results (Consolidated)
FY2017 Interim Results (Consolidated) 2 (Billion yen) FY2017 H1 FY2017 H1 FY2016 H1 forecast (announced Year-on-year on Aug. 8, 2017) Results Orders 143.89 260.0 266.71 85.4％ Net Sales 147.26 187.0 184.15 25.1％ Operating income 10.20 15.0 16.71 63.7％ Ordinary income 10.25 15.6 17.43 70.1％ Net income
Slide 4: FY2017 Interim Results by Segment
FY2017 Interim Results by Segment 3 (Billion yen) Segment income Orders Net sales (Net income attributable to shareholders of the parent company) FY2016 H1 FY2017 H1 FY2016 H1 FY2017 H1 FY2016 H1 FY2017 H1 Daifuku 77.32 118.87 67.20 82.35 4.12 9.08 Contec 7.88 7.64 7.33 7.63 0.14 0.41 Daifuku North
Slide 5: Consolidated Balance Sheets
Consolidated Balance Sheets 4 (Billion yen) FY2016 FY2017 H1 Change FY2016 FY2017 H1 Change Current assets 222.46 241.51 19.04 Current liabilities 126.06 128.86 2.80 Cash on hand and Notes and in banks 64.80 61.98 -2.82 accounts payable 59.11 64.44 5.32 Short-term Notes and accounts 124.00 138.78 14
Slide 6: Orders and Sales by Industry (Consolidated)
Orders and Sales by Industry (Consolidated) 5 (Billion yen) Orders Sales FY2016 H1 FY2017 H1 FY2016 H1 FY2017 H1 Industry Orders Composition Orders Composition Sales Composition Sales Composition Automobile, auto parts 21.77 15.1% 36.21 13.6% 27.29 18.5% 34.41 18.7% Electronics 46.89 32.6% 108.27 40
Slide 7: Orders by Region (Consolidated)
Orders by Region (Consolidated) 6 (Billion yen) 73% 66% 68% 8.4 59% 3.9 14.5 Other 109.2 Europe 3.2 Asia 3.8 65.0 North America 10.4 5.7 5.3 Japan 41.9 44.6 73.6 56.9 Ratio to net orders 39.7 28.4 65.8 59.5 71.4 50.0 Outside FY2014 H1 FY2015 H1 FY2016 H1 FY2017 H1 Japan Total 95.9 139.9 84.2 195.2
Slide 8: Orders by Region (Consolidated)
Orders by Region (Consolidated) 7 (Billion yen) FY2014 H1 FY2015 H1 FY2016 H1 FY2017 H1 Region Orders Composition Orders Composition Orders Composition Orders Composition Japan 50.09 34.3% 65.81 32.0% 59.59 41.4% 71.47 26.8% North America 39.73 27.2% 56.96 27.7% 28.47 19.8% 73.62 27.6% Asia 41.95 28
Slide 9: Sales by Region (Consolidated)
Sales by Region (Consolidated) 8 (Billion yen) 65% 68% 67% 64% 8.1 4.5 Other 8.7 9.2 Europe 2.3 62.7 5.8 3.9 Asia 8.3 49.8 44.4 North America 33.0 Japan 47.8 39.9 36.1 Ratio to net sales 36.9 53.4 60.8 43.1 48.3 Outside FY2014 H1 FY2015 H1 FY2016 H1 FY2017 H1 Japan Total 80.7 104.4 93.7 123.3
Slide 10: Sales by Region (Consolidated)
Sales by Region (Consolidated) 9 (Billion yen) FY2014 H1 FY2015 H1 FY2016 H1 FY2017 H1 Region Sales Composition Sales Composition Sales Composition Sales Composition Japan 43.16 34.8% 48.38 31.7% 53.49 36.3% 60.85 33.0% North America 36.98 29.8% 39.97 26.2% 36.12 24.5% 47.89 26.0% Asia 33.07 26.7% 4
Slide 11: Service Sales (Consolidated)
Service Sales (Consolidated) 10 (Billion yen) 30% 28% 29% 25% Service sales Ratio to net sales 42.8 43.1 45.4 37.3 Note: Sales in the service business include maintenance, retrofitting, and remodeling work for products and systems Daifuku delivered. FY2014 H1 FY2015 H1 FY2016 H1 FY2017 H1 Growth Rat
Slide 12: FY2017 Forecast (Consolidated)
FY2017 Forecast (Consolidated) 11 (Billion yen) FY2017（Forecast） FY2016 Announced on May 11, Announced on August 8, Revised on November Year-on- 2017 2017 10, 2017 year Orders 356.5 390.0 440.0 490.0 37.4% Net sales 320.8 380.0 395.0 410.0 27.8% Operating income 23.0 26.6 30.0 37.0 60.2% Ordinary in
Slide 13: FY2017 Dividend
FY2017 Dividend 12 Annual dividend forecast to 62 yen, a new record high Daifuku has decided to pay an interim dividend of 25 yen, an increase of 5 yen from the forecast announced on August 8, 2017, based on the FY2017 earnings forecast and a dividend policy that targets a consolidated payout ratio
Slide 14: Quarterly Orders and Sales
Quarterly Orders and Sales 13 (Billion yen) Orders 148.5 Sales 118.1 112.4 109.4 Forecast for the second half of FY2017 99.8 103.1 223.2 93.2 93.2 83.5 83.2 76.0 96.5 99.0second Forecast for the 69.9 74.0 half of FY2017 66.3 84.2 85.0 225.8 80.9 74.8 78.8 77.0 73.2 65.3 62.3 68.5 60.6 58.5 Note: Not
Slide 15: Order Backlogs
Order Backlogs 14 (Billion yen) 314.0 311.4 294.9 231.4 225.4 216.7 218.5 197.2 195.7 192.3 182.4 172.5 156.3 160.2 145.6 Note: Orders include a backlog of about 10.0 billion yen for orders received by BCS Group. Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY2014 FY2015 FY2016 FY2017
Slide 16: Topics: Corporate credit rating upgraded
Topics 15 Daifuku’s corporate credit rating upgraded for the first time in a decade On October 23, 2017, Rating and Investment Information, Inc. upgraded Daifuku’s corporate credit rating, the first upgrade to the company’s rating since 2007. Previously Change Issuer Rating A- A (single A minus) (si
Slide 17: Topics: Daifuku North America relocates head office
Topics 16 Daifuku North America relocates its head office and holds an opening ceremony attended by the Governor of Michigan In October 2017, Daifuku North America Holding Company moved its main office, with the aim of expanding its business. At the opening ceremony, Michigan Governor Rick Snyder ex
Slide 18: Topics: Shiga Works Green Factory Award
Topics 17 Shiga Works recognized with a Green Factory Award from the METI* Bureau In November 2017, Shiga Works received the captioned award, in recognition of its proactive promotion of greening and its positive contribution to the improvement of living environments in the surrounding area. *METI:
Slide 19: Cautionary Statement with Respect to Forward-Looking Statements
Cautionary Statement with Respect to Forward-Looking Statements The strategies, beliefs and plans related to future business performance as described in this document are not established facts. They are business prospects based on the assumptions and beliefs of the management team judging from the m