Taikisha Ltd. · TSE:1979

Taikisha — FY2023 Earnings Presentation

49 slides from Taikisha's earnings presentation, May 20, 2024

Slide 1: 2024年3月期決算説明会資料
RAB ELA St AR HSA 20245F3AHA(2023 8) WOzesy=Ph)=]
Slide 5: Consolidated results summary
2024 3 2023 3 2024 3 2024 3 ※ 2,886 2,635 -251 2,560 75 2,147 2,935 787 2,945 -9 130 198 68 181 17 6.1% 6.8% 0.7pt 6.1% 0.6pt 79 156 76 133 23 3.7% 5.3% 1.6pt 4.5% 0.8pt ROE 6.3% 11.6% 5.3pt 10.1% 1.5pt EPS 234.62円 471.94円 237.32円 - - ※ 3 ▍ ▍ 2023 3 2024 3 65 3 US 130.78 140.55 3.73 4.04 19.39 19.81
Slide 6: Net sales and profit trend
▍ 3,000 2,886 2,935 2,635 214 2,500 2,418 2,254 2,269 2,318 2,253 2,321 2,217 2,183 2,198 198 2,124 2,025 2,092 2,147 184 1,890 2,006 2,004 1,873 2,000 1,854 1,836 154 159 150 130 124 1,500 123 130 122 95 98 108 94 1,000 92 64 500 34 0 4 2014.3 2015.3 2016.3 2017.3 2018.3 2019.3 2020.3 2021.3 2022.3
Slide 8: FY2025.3 forecast summary
2025 3 ▍ 2024 3 2025 3 2025 3 2,635 2,800 164 2,360 2,935 2,580 -355 2,380 182 140 -42 - 198 150 -48 150 156 102 -54 96 ROE 11.6% 7.0% -4.6pt 7.2% ▍ ▍ 2024 3 2025 3 2025 3 US 140.55 147.00 4.04 4.03 12 0.7 19.81 20.00 1.75 1.76 Copyright 2024 Taikisha Ltd., All Rights Reserved. 8
Slide 10: Orders, sales and backlog
2024 3 2023 3 2024 3 2024 3 ※ 2,886 2,635 -251 2,560 75 1,527 1,484 -43 1,427 57 1,359 1,151 -208 1,133 18 2,080 1,719 -361 1,670 49 361 362 0 330 32 1,718 1,356 -361 1,340 16 805 916 110 890 26 ※ 3 Copyright 2024 Taikisha Ltd., All Rights Reserved. 10
Slide 11: Gross profit analysis
2024 3 2023 3 2024 3 2024 3 ※ 2,080 1,719 -361 1,670 49 361 362 0 330 32 1,718 1,356 -361 1,340 16 947 897 -49 885 12 771 459 -312 455 4 37.1% 26.7% -10.4pt 27.2% -0.5pt ※ 3 ▍ ▍ -17.4% 2500 +2.9% 2500 2,080 2000 1,719 2000 1,670 1,719 1,589 771 1500 459 1500 455 459 359 1000 1000 796 947 897 885 897
Slide 12: Selling, general and administrative expenses
2024 3 2023 3 2024 3 2024 3 ※ 805 916 110 890 26 217 224 6 212 12 587 692 104 678 14 73.0% 75.5% 2.6pt 76.2% -0.6pt ※ 3 ▍ ▍ ( ) ( ) 1400 1400 1200 +3.0% 1200 +13.7% 1000 916 1000 890 916 805 800 732 800 600 600 692 678 692 526 587 400 400 200 200 205 217 224 212 224 0 0 2022.3 2023.3 2024.3 2024.3 2
Slide 13: Orders by region
2024 3 2022 3 2023 3 2024 3 A B C B A C B 2,321 2,886 2,635 565 -251 2,092 2,147 2,935 55 787 1,982 2,582 2,335 600 -247 1,431 1,828 1,414 397 -414 527 436 390 -91 -45 903 1,392 1,023 488 -369 551 754 921 202 167 ▍ 0 500 1,000 1,500 2,000 2,500 2022.3 527 567 336 159 392 1,982 2023.3 436 737 655 265
Slide 14: Results by segment: Environmental Systems
2024 3 2023 3 2024 3 2024 3 ※ 2,147 2,935 787 2,945 -9 1,342 1,557 215 1,563 -5 805 1,377 572 1,382 -4 1,718 2,165 446 2,170 -4 453 407 -45 405 2 1,264 1,757 492 1,765 -7 429 770 340 775 -4 130 198 68 181 17 6.1% 6.8% 0.7pt 6.1% 0.6pt 145 170 24 160 10 8.5% 7.9% -0.6pt 7.4% 0.5pt -16 28 44 22 6 -3.7
Slide 15: Environmental Systems profit analysis
2024 3 2023 3 2024 3 2024 3 ※ 1,718 2,165 446 2,170 -4 453 407 -45 405 2 1,264 1,757 492 1,765 -7 777 1,017 240 1,020 -2 487 740 252 745 -4 28.4% 34.2% 5.8pt 34.3% -0.1pt 145 170 24 160 10 8.5% 7.9% -0.6pt 7.4% 0.5pt ※ 3 ▍ ▍ -0.2% +26.0% 400 2,500 300 2,500 2,165 350 2,170 2,165 300 2,000 250 2,000
Slide 16: Paint Finishing Systems results
2024 3 2023 3 2024 3 2024 3 ※ 429 770 340 775 -4 111 132 21 138 -5 317 637 319 637 0 74.0% 82.8% 8.7pt 82.2% 0.6pt -16 28 44 22 6 -3.7% 3.6% 7.4pt 2.8% 0.8pt ※ 3 ▍ ▍ ( ) ( ) ( ( -0.6% 60 +79.4% 60 870 748 770 50 870 775 770 50 670 40 670 40 470 612 429 637 30 30 470 637 637 20 270 317 20 28 10 270 2
Slide 17: FY2025.3 forecast: orders and sales
2025 3 2024 3 2025 3 1,271 1,363 2,635 1,140 1,660 2,800 -131 296 164 702 781 1,484 606 942 1,548 -96 160 63 569 581 1,151 534 718 1,252 -35 136 100 733 985 1,719 830 1,170 2,000 96 184 280 177 184 362 230 146 376 52 -38 13 556 800 1,356 600 1,024 1,624 43 223 267 537 378 916 310 490 800 -227 111 -1
Slide 18: FY2025.3 gross profit forecast
2025 3 2024 3 2025 3 733 985 1,719 830 1,170 2,000 96 184 280 177 184 362 230 146 376 52 -38 13 556 800 1,356 600 1,024 1,624 43 223 267 358 539 897 330 724 1,054 -28 184 156 198 260 459 270 300 570 71 39 110 27.0% 26.5% 26.7% 32.5% 25.6% 28.5% 5.5pt -0.8pt 1.8pt ▍ 2,500 +16.3% 2,000 2,080 1,719 2,0
Slide 19: FY2025.3 SG&A forecast
2025 3 3 800 2024 3 2025 3 537 378 916 310 490 800 -227 111 -116 166 57 224 46 72 118 -120 14 -106 371 321 692 264 418 682 -107 96 -10 69.0% 84.8% 75.5% 85.2% 85.3% 85.3% 16.2pt 0.5pt 9.7pt ▍ ( ) 1400 1200 -12.7% 1000 916 800 732 805 800 600 692 526 587 682 400 200 205 217 224 118 0 2022.3 2023.3 20
Slide 20: FY2025.3 forecast by segment
2025 3 2024 3 2025 3 1,304 1,631 2,935 1,100 1,480 2,580 -204 -151 -355 814 743 1,557 517 806 1,323 -297 62 -234 489 888 1,377 583 674 1,257 93 -214 -120 1,039 1,125 2,165 720 970 1,690 -319 -155 -475 206 200 407 140 240 380 -66 39 -27 832 924 1,757 580 730 1,310 -252 -194 -447 264 505 770 380 510 8
Slide 21: FY2025.3 segment profit forecast
2025 3 2024 3 2025 3 1,039 1,125 2,165 720 970 1,690 -319 -155 -475 206 200 407 140 240 380 -66 39 -27 832 924 1,757 580 730 1,310 -252 -194 -447 546 470 1,017 290 410 700 -256 -60 -317 286 453 740 290 320 610 3 -133 -130 27.5% 40.3% 34.2% 40.3% 33.0% 36.1% 12.7pt -7.3pt 1.9pt 75 94 170 42 65 107 -3
Slide 22: FY2025.3 segment forecast
2025 3 2 2024 3 2025 3 264 505 770 380 510 890 115 4 119 60 71 132 87 156 243 26 84 110 203 434 637 293 354 647 89 -80 9 77.0% 85.8% 82.8% 77.1% 69.4% 72.7% 0.1pt -16.4pt -10.1pt 0 27 28 1 38 39 0 10 10 0.2% 5.4% 3.6% 0.3% 7.5% 4.4% 0.0pt 2.0pt 0.7pt ▍ ( ) +15.5% ( 870 770 890 60 748 50 670 40 429 6
Slide 24: Margins and ROE trend
2022 3 2023 3 2024 3 3,500 18.0% 15.1% 15.4% 16.0% 3,000 14.8% 2,092 2,147 2,935 14.0% 316 330 433 2,500 12.0% 15.1% 15.4% 14.8% 2,000 10.0% 2,935 94 115 182 2,092 2,147 1,500 8.0% 6.8% 4.5% 5.4% 6.2% 6.1% 5.2% 6.2% 6.0% 1,000 5.3% 108 130 198 5.4% 4.5% 4.0% 3.5% 3.7% 5.2% 6.1% 6.8% 500 2.0% 72 79 1
Slide 25: Consolidated balance sheet
2023 2024 2023 2024 3 3 3 3 1,844 2,033 189 959 1,035 75 469 554 84 554 648 93 1,242 1,253 11 233 138 -94 - 90 90 3 3 0 31 33 1 168 243 75 107 112 4 91 114 22 -6 -10 -3 1,051 1,149 98 526 631 104 1,319 1,515 195 85 116 31 64 64 - 36 35 -1 35 36 0 22 24 1 1,002 1,118 115 264 308 43 -11 -29 -18 5 8 2
Slide 28: Innovative Engineering for a Sustainable Society
1 Innovative Engineering Innovative Engineering for a Sustainable Society- with energy, air and water - 2 Diversity & Inclusion Diversity & Inclusion as a Global Company Copyright 2024 Taikisha Ltd., All Rights Reserved. 28
Slide 29: Medium-term plan targets
ROE 5 2023 3 2024 3 2025 3 2025 3 2027 3 2,886 2,635 2,800 2,360 2,700 2,147 2,935 2,580 2,380 2,650 130 198 150 150 165 79 156 102 96 ROE 6.3% 11.6% 7.0% 7.2% DOE 3.2% 3.2% 3.2% 30 20 20 21.8% 22.0% 2025 3 20% ※ 2022 5 16 Copyright 2024 Taikisha Ltd., All Rights Reserved. 29
Slide 30: GHG reduction SBT targets
GHG SBT※1 ※1 SBT Science Based Targets 水 GHG 目 1 2 2030 42% 2022 CO2 1-3 ⇒ 3 2030 25% 2022 TCFD ▍ ▍ CO2 2050 2030 ▍ • 2035 ※2 2050 CO2 80% • ※3 2013 1 CO2 2030 ※2 CO2 25% • GHG 2013 CO2 60kg- • ※3 • CO2/ • • 2022 • CO2 • • • ※2 ※3 SBT Copyright 2024 Taikisha Ltd., All Rights Reserved. 30
Slide 31: Topics and initiatives
2024 3 52 2023 3 2024 3 2025 3 2024 3 • Nicomac Taikisha Clean Rooms Private Limited 25 11 • BIM DX • 6 9 107 • 2024 7 • 7 31 200 Copyright 2024 Taikisha Ltd., All Rights Reserved. 31
Slide 35: EV and CO2 reduction
※ EV CO₂ CO₂ 2023 ※ 2024 ※1 PV https://www.taikisha.co.jp/service/out-mold-decoration/omd/ ※2 2023 6 SURCAR Jury’s Award Copyright 2024 Taikisha Ltd., All Rights Reserved. 35
Slide 39: Ownership and ratios
2 73 2 20 17.2% 2023 3 2024 3 2025 3 / 31 42 27 100 21.8% 22.0% 19.7% 42 34 24 100 20.7% 17.7% 15.6% ▍ 100 21.8% 22.0% 80 19.7% 60 17.2% (2023 3 40 42 31 20 27 0 2023.3 2024.3 2025.3 Copyright 2024 Taikisha Ltd., All Rights Reserved. 39
Slide 41: Shareholder return policy (DOE) 3.2%
(DOE) 3.2% DOE ROE 2025 3 144 3.2% 8.0% 40% ▍ DOE ▍ DOE DOE DOE 3.25% 3.50% 160 60.0% 3.15% 3.21% 3.22% 1,600 51.6% 144 2.90% 2.78% 3.00% 140 1,400 1,475 47.0% 131 46.3% 50.0% 2.57% 2.69% 1,440 2.55% 120 1,200 2.50% 1,246 1,257 38.2% 37.3% 37.0% 1,210 35.3% 35.1% 121 40.0% 100 1,000 1,051 1,087 1,08
Slide 42: Dividends and payout trend
20 2025 3 20 ▍ 200.0 100.0% 180.0 89.3% 90.0% 160.0 80.5% 80.0% 140.0 65.7% 70.0% 63.9% 120.0 60.0% 54.0% 100.0 47.2% 50.0% 44.8% 42.2% 40.0% 37.5% 40.6% 80.0 35.1% 40.0% 37.2% 60.0 30.2% 30.0% 30.0 20.0 20.0 29.8% 40.0 20.0% 22.0 0.0 0.0 0.0 0.0 10.0 5.0 9.6 17.4 0.0 43.3 46.9 20.0 4.7 34.2 34.2 40
Slide 44: Results by region
▍ 2 1,200 1,176 2023.3 2024.3 1,000 800 789 600 400 244 245 211 201 179 143 200 97 81 109 16 40 82 44 77 36 23 0 ▍ 1,200 1,166 2023.3 2024.3 1,000 800 694 600 355 400 316 232 247209 200 177 114 54 25 105 32 38 20 37 20 33 0 Copyright 2024 Taikisha Ltd., All Rights Reserved. 44
Slide 45: Segment results trend
▍ ▍ 50% 53% 52% 53% 50% 43% 45% 40% 48% 43% 42% 36% 2,000 1,800 1,718 2,000 1,757 1,800 1,600 1,400 1,356 1,600 1,155 1,400 1,264 1,200 983 1,200 1,133 1,000 934 818 1,000 631 800 577 800 437 600 600 453 407 433 409 400 361 362 400 237 735 214 257 633 236 624 578 170 174 538 200 496 200 195 191 187
Slide 46: Segment results trend
▍ ▍ 52.0% 47.6% 31.2% 44.0% 47.3% 32.4% 1000 916 1000 805 800 732 800 748 770 480 600 351 600 554 394 431 429 400 400 290 436 200 381 200 354 339 251 139 0 0 2022.3 2023.3 2024.3 2022.3 2023.3 2024.3 ※ Copyright 2024 Taikisha Ltd., All Rights Reserved. 46
Slide 47: Orders and sales by region
▍ 2022.3 1,434 886 2023.3 1,527 1,359 2024.3 1,484 1,151 2022.3 96 150 213 98 12 97 217 2023.3 97 164 337 346 222 185 5 2024.3 414 134 271 111 8 195 15 ▍ 2022.3 1,077 1,015 2023.3 1,342 805 2024.3 1,557 1,377 2022.3 173 171 197 144 26 114 188 2023.3 62 197 236 139 30 131 7 2024.3 206 205 325 274 182
Slide 48: Overseas subsidiaries results
4 Taikisha Thailand Co., Ltd. Wu-Zhou Taikisha Engineering Co., Ltd. 303 250 300 197 205 250 238 200 27 130 171 164 32 200 150 31 110 150 30 134 23 150 127 32 110 100 104 164 178 100 73 172 127 139 134 99 74 73 50 101 50 45 127 0 27 28 35 31 0 2022.3 2023.3 2024.3 2022.3 2023.3 2024.3 TKS Industrial

Taikisha — FY2023 Earnings Presentation on 6ix

Taikisha — FY2023 Earnings Presentation

Slide 1: 2024年3月期 決算説明会資料

Slide 2: INDEX

Slide 3: INDEX

Slide 4: FY2024.3 results highlights

Slide 5: Consolidated results summary

Slide 6: Net sales and profit trend

Slide 7: Copyright 2024 Taikisha Ltd., All Rights Reserved.

Slide 8: FY2025.3 forecast summary

Slide 9: INDEX

Slide 10: Orders, sales and backlog

Slide 11: Gross profit analysis

Slide 12: Selling, general and administrative expenses

Slide 13: Orders by region

Slide 14: Results by segment: Environmental Systems

Slide 15: Environmental Systems profit analysis

Slide 16: Paint Finishing Systems results

Slide 17: FY2025.3 forecast: orders and sales

Slide 18: FY2025.3 gross profit forecast

Slide 19: FY2025.3 SG&A forecast

Slide 20: FY2025.3 forecast by segment

Slide 21: FY2025.3 segment profit forecast

Slide 22: FY2025.3 segment forecast

Slide 23: INDEX

Slide 24: Margins and ROE trend

Slide 25: Consolidated balance sheet

Slide 26: Cash flow

Slide 27: INDEX

Slide 28: Innovative Engineering for a Sustainable Society

Slide 29: Medium-term plan targets

Slide 30: GHG reduction SBT targets

Slide 31: Topics and initiatives

Slide 32: R&D and DX

Slide 33: M&A

Slide 34: 2024 EV related topic

Slide 35: EV and CO2 reduction

Slide 36: E S G

Slide 37: E S G

Slide 38: E S G

Slide 39: Ownership and ratios

Slide 40: INDEX

Slide 41: Shareholder return policy (DOE) 3.2%

Slide 42: Dividends and payout trend

Slide 43: INDEX

Slide 44: Results by region

Slide 45: Segment results trend

Slide 46: Segment results trend

Slide 47: Orders and sales by region

Slide 48: Overseas subsidiaries results

Slide 49: IR contact

Slide 1: 2024年3月期決算説明会資料