Thk Co., Ltd. · TSE:6481
Thk — FY2022 Earnings Presentation
30 slides from Thk's earnings presentation, Feb 14, 2023
Slide 1: Financial Results Briefing for Fiscal 2022
FINANCIAL RESULTS BRIEFING FOR FISCAL 2022 February 14th 2023 THK CO.,LTD. President & CEO AKIHIRO TERAMACHI This presentation material contains forward looking statements that reflect the Company’s business plans, performance projections, and management strategy. Such statements are based on inform
Slide 2: Contents
Contents Ⅰ. Financial Results for Fiscal 2022 Ⅱ. Major Measures Ⅲ. Financial Forecast for Fiscal 2023 Copyright THK CO., LTD. 2023. All rights reserved.
Slide 3: Ⅰ. Financial Results for Fiscal 2022
Ⅰ. Financial Results for Fiscal 2022 Copyright THK CO., LTD. 2023. All rights reserved.
Slide 4: Financial Highlights
Financial Highlights ※地域別売上高は Consolidated revenue up 23.7 % YoY to 393.6 billion 海外売上高ベース yen Even as the impact of the Covid-19 pandemic continued to be felt, demand in all regions trended favorably, against the backdrop of growing semiconductor-related demand, progress on automation and robotics,
Slide 5: Trend in Net Sales
Trend in Net Sales 393,687 Asia and other 33,789 ●Taiwan Down 1.6％ 353,479 Asia and other ●Singapore Up 3.0％ ●India Up 52.0％ 28,772 318,188 84,046 49,228 28,624 China China ●Machine tools Up 4.1％ 274,599 ●General machinery Up 9.8％ 22,021 ●Electronics Up 8.7％ 68,662 ●Automotive 56,980 62,507 Down 17.
Slide 6: Operating Income Change Factors (Industrial Machinery)
(Ref.) Operating Income – Change Factors – (Industrial Machinery) 6.6 0.3 16.0 1.6 (8.5) 51.1 35.1 Billions of yen Billions of yen Operating Income Increase in Effect Change in Foreign Other income and Operating Income 2021 Fixed Cost due to other expense 2022 (Industrial Machinery) Variable Exchang
Slide 7: Operating Income Change Factors (Automotive & Transportation)
(Ref.) Operating Income – Change Factors – (Automotive & Transportation) (4.8) Billions of yen (0.6) (3.2) (16.6) (13.2) Billions of yen 4.2 1.0 Operating Income Increase in Change in Other income and Effect Foreign Operating Income 2021 Fixed Cost Variable other expense due to Exchange 2022 (Automo
Slide 8: Assets, Liabilities and Equity
Assets, Liabilities and Equity Total Assets 560,304 millions of yen Up ¥44,218 million from previous period Cash and Cash in Account |Y/Y : Current liabilities| Y/Y : Up ¥12,404 million Cash Flows from Operating Activities : Up ¥24,562 million ¥ 37,561 million ■Trade and other payables | Y/Y : Cash
Slide 9: Ⅱ. Major Measures
Ⅱ. Major Measures Copyright THK CO., LTD. 2023. All rights reserved.
Slide 10: THK Management
THK Management Corporate Philosophy Providing innovative products to the world and generating new trends to contribute to the creation of an affluent society Vision Manufacturing and innovative services company Sustainability / ESG Copyright THK CO., LTD. 2023. All rights reserved. 9
Slide 11: Key Initiatives in Business Lines
Key Initiatives in Business Lines Despite adjustments in FY2023, the market will expand in the medium to long term Management Targets Revenue（Upper row：billions of yen） Revenue：500.0 billions of yen Operating Income（Lower row：billions of yen） Operating Income： 100.0 billions of yen EPS ¥590 ROE17% I
Slide 12: Advances in the THK DX Project and Omni THK
Advances in the THK DX Project and Omni THK Improved per capita sales and productivity（＝profitability） Maximize profits Sales Costs Customers (area, industry) Fixed Costs equipment Products, services Variable Costs personnel time Unit price, quantity other Measures for increasing sales Shift personn
Slide 13: Maximizing Overall Equipment Effectiveness through OMNIedge
Maximizing Overall Equipment Effectiveness (OEE) through OMNIedge OMNIedge Development OEE evaluation indicators Phase 1 Predictive failure detection AI solution Loss （linear motion components） Availability reduction Reduce losses from breakdowns and parts replacement Phase 2 Predictive failure dete
Slide 14: OMNIedge Tool Monitoring AI Solution
OMNIedge Tool Monitoring AI Solution Installing Sensors onto Existing Equipment Is Easy To install, all you have to do is clamp a CT (current sensor) onto the motor cable. A CNC connection is not required, so it is compatible with machine tools regardless of the model year or manufacturer. Ready-to-
Slide 15: Development of New Business Areas
Development of New Business Areas Helping the service industry promote labor-saving whose demands New business have been increasing due to a labor shortage, soaring labor costs, areas and the advance of the IoT Restaurant Distribution Shop Renewable Train / Aircraft Energy Noodle-cooking robot Medic
Slide 16: Product Ranges Used in Various Scenarios
Product Ranges Used in Various Scenarios Utility slide ATG/ ARG Railway carriage Carriage seat door ATG ARG Railway carriage Automated warehouse maintenance drawer equipment Utility slide UGR Rod actuator Kitchen CRES6000 lifting Hoist for hospital and mechanism nursing care beds, etc. UGR CRES6000
Slide 17: New Products Contributing to Automation and Labor-saving
New Products Contributing to Automation and Labor-saving Cylindrical Coordinate Module MLS ・Module offering simple mechanism for automation of linear movement and rotation ・Ideal for applications such as picking and placing and workpiece removal Extension module (T axis) Bolt-on Cable for extension
Slide 18: Enhancement of the Global Manufacturing Structure
Enhancement of the Global Manufacturing Structure (Industrial Machinery Business） THK CHANGZHOU（CHINA） THK LIAONING（CHINA） New plant extension New plant extension Started operation Jun. 2022 Completed Dec. 2022 ■Target products： ■Target products： Electric Actuator LM Guide Unit, etc Electric Actuato
Slide 19: Progress on Reorganization of Automotive and Transportation Business
Progress on Reorganization of Automotive and Transportation Business Reorganization of business to FY2022–FY2023 place it on a profitable footing FY 2024 and beyond Achieve profit growth Continuation and strengthening of recovery plan Manufacturing restructuring / Organizational restructuring FY2022
Slide 20: Automotive and Transportation Business Initiative
Automotive and Transportation Business Initiative Backed by the trend of “CASE” accelerating the development of linear motion products for automobiles Electric power Next-generation steering parts suspension parts Next-generation Interior brake parts Unit for integrated Unit for active Mechanical le
Slide 21: About Sustainability Management
About Sustainability Management Basic Thinking Minimizing the effect of minuses on corporate activity and enhancing the effect of pluses to create social and corporate shared value, as typified by sustainability, behaving in a way that not only optimizes the one, but optimizes the whole More renewab
Slide 22: Latest Sustainability Activities
Latest Sustainability Activities Establishment of Sustainability Committee (October 21, 2022) Established Sustainability Committee to act as advisors to the Board of Directors with the aim of establishing, instilling, and maintaining a sustainability promotion structure in order to improve our corpo
Slide 23: Ⅲ. Financial Forecast for Fiscal 2023
Ⅲ. Financial Forecast for Fiscal 2023 Copyright THK CO., LTD. 2023. All rights reserved.
Slide 24: Orders Received by Region (Industrial Machinery Business)
Orders Received by Region ＜Industrial Machinery Business＞ THK CO., LTD. (Japan) * exclude export % Change, Billions of YEN 50 133.5 111.8 40 77.1 28.9 50.4 (4.5) (19.6) 30 8.5 6.5 2.8 32.7 34.4 (34.2) 32.2 34.1 32.6 30.8 20 27.4 19.4 25.3 22.6 10 16.8 15.2 14.6 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12
Slide 25: Financial Forecast (Consolidated)
Financial Forecast (Consolidated) （Millions of Yen） 2023/12 2022/12 2021/12 Forecast Results Results Revenue 360,000 393,687 318,188 Y/Y -8.6％ +23.7％ +45.3％ Operating Income 30,000 34,460 30,268 Y/Y -12.9％ +13.8％ - Income before income taxes 31,600 35,596 29,984 Y/Y -11.2％ +18.7％ - Profit Attributab
Slide 26: Financial Forecast (Unconsolidated)
Financial Forecast (Unconsolidated) （Millions of Yen） 2023/12 2022/12 2021/12 Forecast Results Results (Japanese GAAP) (Japanese GAAP) (Japanese GAAP) Net Sales 157,500 197,624 167,583 Y/Y -20.3％ ＋17.9％ ＋62.9％ Domestic 96,000 117,572 99,637 Y/Y -18.3％ ＋18.0％ ＋42.7％ Operating Income 10,100 25,722 16,
Slide 27: Operating Income (FY2023E) Change Factors
(Ref.) Operating Income（FY2023E) – Change Factors – FY2022 Revenue: 282.1 billions of yen FY2023(E) Revenue: 232.0 billions of yen Industrial Machinery Operating Income: 51.1 billions of yen Operating Income: 29.3 billions of yen 51.1 Billions of yen (24.4) 29.3 (0.3) 3.8 Billions of yen (1.0) 0.1 E
Slide 28: Trends in COGS and SG&A
Trends in COGS and SG&A COGS Sales-cost ratio decreased by 1.6 points Y/Y 75.4% 78.8% 71.1% 74.9% 73.3% ・Due to increase revenue COGS ratio Millions of Yen 288,398 251,181 238,434 207,130 172,567 2018/12 2019/12 2020/12 2021/12 2022/12 IFRS SG&A 20.5% SG&A ratio decreased by 1.0 points Y/Y 18.0% 16.
Slide 29: Trends in Orders, Sales and Backlog (Domestic – Unconsolidated)
【Support Statement】 － Trends in Orders, Sales and Backlog(Domestic – Unconsolidated) – （millions of yen） 80,000 Orders Sales 70,000 Backlog 60,000 50,000 40,000 30,000 20,000 10,000 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6
Slide 30: Trends in Orders Classified by Industry (Unconsolidated)
【Support Statement】 –Trends in Orders Classified by Industry (Unconsolidated)– （millions of yen） 12,000 Machine Tool General Machinery 10,000 Electronics 8,000 6,000 4,000 2,000 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9