Unipres Corporation · TSE:5949
Unipres — Q3 FY2024 Earnings Presentation
23 slides from Unipres's earnings presentation, Feb 25, 2025
Slide 1: FY2024 3rd Quarter Financial Results
FY2024 3rd Quarter Financial Results February 25, 2025 © UNIPRES CORPORATION, All Rights Reserved.
Slide 2: Agenda
2 1. FY2024 Q3 Financial Results 2. Forecast of FY2024 Copyright© UNIPRES CORPORATION, All Rights Reserved.
Slide 3: FY2024 Q3 Financial Results
3 FY2024 Q3 Financial Results Copyright© UNIPRES CORPORATION, All Rights Reserved.
Slide 4: Key Highlights for Q3, FY2024 (consolidated-basis)
Key Highlights for Q3, FY2024 (consolidated-basis) 4 Net sales decreased to 236.3 billion yen due to the customers’ production decrease in spite of the positive exchange rate. Despite the efforts of cost saving, operating profit dropped to 2.9 billion yen because of the sales decrease. Copyright© UN
Slide 5: Summary of Q3, FY2024
Summary of Q3, FY2024 5 Net sales decreased by 8.7 billion yen (△3.6%) year-over-year. Operating profit decreased by 1.9 billion yen (△ 39.6%) year-over-year. Financial Performance 20 400 Operating profit (billion yen) Net Sales (billion yen) 218.5 Net sales 245.0 236.3 営 売 業 10 200 上 Operating
Slide 6: Consolidated Sales by Product Group
Consolidated Sales by Product Group 6 (billion yen) Q3, FY2023 Q3, FY2024 Variance Variance Sales % Sales % % Car body press 214.4 87.5% 206.5 87.4% -7.9 -0.1% products Precision 26.4 10.8% 25.4 10.7% -1.0 -0.1% products Plastic 2.9 1.2% 3.1 1.3% +0.2 +0.1% products Other 1.3 0.5% 1.3 0.6% 0.0 +0.1%
Slide 7: Consolidated Sales by Customer (Nissan Motor-related products)
Consolidated Sales by Customer（Nissan Motor-related products） 7 Although the sales of Nissan Mexicana increased, the composition ratio declined by 1.9% due to the decrease in sales of Dongfeng Motor Company Limited and Nissan Motor(Japan). (billion yen) Q3, FY2023 Q3, FY2024 Variance Sales % Sales
Slide 8: Consolidated Sales by Customer (Other Customers)
Consolidated Sales by Customer (Other Customers) 8 The composition ratio rose by 1.9% mainly due to the increase of Renault, Honda of America Mfg., Inc. and Honda De Mexico, S.A. De C.V.. Q3, FY2023 Q3, FY2024 Variance % % (billion yen) Sales Sales Other customers Sub-total 56.6 23.1% 59.0 25.0% +
Slide 9: Operating Profit Variance Analysis
Operating Profit Variance Analysis 9 (billion yen) 6 Production reinforcement : 0 4 4.8 2 5.8 2.6 2.9 0 0.1 -0.4 0.2 1.1 0.5 -0.2 -2 FY2023 FY2024 & model mix etc. Volume fluctuation SG&A car model parts Initial cost for new Cost saving amortization Depreciation/ adjustment Consolidation Others Fore
Slide 10: Sales/Operating Profit by Region (Japan)
Sales/Operating Profit by Region (Japan) 10 Net sales decreased by 8.1% mainly due to the impact of customers’ production decrease. Operating loss was 0.5 billion yen because of the sales decrease. Net sales (billion yen) (billion yen) Operating profit 100 4 2 1.8 50 0 -0.5 84.3 77.5 69.2 -2.4 -
Slide 11: Sales/Operating Profit by Region (The Americas)
Sales/Operating Profit by Region (The Americas) 11 Net sales increased by 4.6% due to the weaker yen exchange rate in spite of the impact of customers' production decease. Operating profit increased by 3.3% due to the efforts of cost saving. (billion yen) (billion yen) Net sales Operating profit
Slide 12: Sales/Operating profit by Region (Europe)
Sales/Operating profit by Region (Europe) 12 Net sales increased by 2.4% due to the weaker yen exchange rate in spite of the impact of customers' production decease. 0.6 billion yen improvement in operating profit was achieved through the efforts of cost saving. (billion yen) (billion yen) Net s
Slide 13: Sales/Operating Profit by Region (Asia)
Sales/Operating Profit by Region (Asia) 13 Net sales decreased by 15.4% due to the customers' production decrease in spite of Forex impact. Operating loss was 2.7 billion yen as a result of the impact of volume fluctuation. (billion yen) (billion yen) Net sales Operating profit 80 2 1 0.8 0 40 6
Slide 14: Capital Investment
Capital Investment 14 （billion yen） 30 Domestic Overseas Annual plan (20.3) 20 18.8 6.4 10.1 10.2 10 9.3 3.2 4.1 2.7 12.4 6.9 6.1 6.6 0 FY2021 FY2022 FY2023 Q3, FY2024 Copyright© UNIPRES CORPORATION, All Rights Reserved.
Slide 15: Capital Investment & Depreciation/Amortization
Capital Investment & Depreciation/Amortization 15 （billion yen） 30 Capital investment Depreciation / amortization Annual plan Annual plan (23.5) (20.3) 20 23.6 25.2 18.3 10 18.8 20.2 9.3 10.1 10.2 0 FY2021 FY2022 FY2023 Q3, FY2024 Copyright© UNIPRES CORPORATION, All Rights Reserved.
Slide 16: Cash Flows
Cash Flows 16 (billion yen) 40 Cash flow from operating activities Cash flow from investing activities Free cash flow 30 20 17.9 4.2 9.3 10 21.0 23.2 20.2 16.1 17.9 13.7 10.9 9.9 5.3 0 -3.8 -6.2 -10 -24.8 -20 -30 FY2020 FY2021 FY2022 FY2023 FY2024 Q3 Q3 Q3 Q3 Q3 Copyright© UNIPRES CORPORATION, All R
Slide 17: Interest-bearing Debt & Net Interest-bearing Debt Balance
Interest-bearing Debt & Net Interest-bearing Debt Balance 17 Interest-bearing debts decreased by 7.3 billion yen compared with the end-March, 2024. Net interest-bearing debts including cash and deposits was 12.9 billion yen. （billion yen） 120 Long-term loans payable Short-term loans payable Inte
Slide 18: Forecast of FY2024
18 Forecast of FY2024 Copyright© UNIPRES CORPORATION, All Rights Reserved.
Slide 19: Forecast of FY2024
Forecast of FY2024 19 In our last announcement on November 7, 2024, the forecasts of sales and operating profit were revised downward. Nevertheless, as we do not anticipate a notable rebound in our clients’ production in the next fiscal year and thereafter, we are planning a reorganization of our bu
Slide 20: Consolidated Business Forecast for FY2024
Consolidated Business Forecast for FY2024 （compared to the previous year ） 20 Financial Performance 40 400 335.0 330.0 Operating profit (billion yen) 320.0 320.0 Net Sales (billion yen 304.4 30 Net sales 20 200 10 Operation profit ） 10.9 12.0 7.5 7.5 0 3.7 0 FY2023 FY2024 FY2024 FY2024 FY2022 The re
Slide 21: IR News Mail
IR News Mail Unipres IR News Mail is an email service that offers you the latest information about Unipres. Please subscribe to our IR News Mail. Phone PC Scan two Click the banner dimensional on the top page of code to Unipres website subscribe Copyright© UNIPRES CORPORATION, All Rights Reserved.
Slide 22: Exchange rate Reference
Exchange rate Reference 22 (yen) Preconditions of Q3, FY2023 Q3, FY2024 FY2024 forecast Average for Average for At first Full year the period term end the period term end US $ 143.79 141.82 153.07 158.17 140.00 154.34 STG ￡ 173.92 182.55 194.13 191.08 175.00 194.72 EURO 151.16 157.97 164.63 159.53 1
Slide 23: Precautions for treatment of material
Precautions for treatment of material 23 The future outlook of the Company mentioned in this presentation material was prepared based on information available to the Company that point in time. This is absolutely an expectation about the future at this point in time, which contains risks and uncerta