Mikuni Corporation · TSE:7247

Mikuni — H1 FY2023 Earnings Presentation

28 slides from Mikuni's earnings presentation, Nov 29, 2023

  1. Slide 1: Financial Results Briefing for the Six Months ended September 30, 2023

    (Reference Translation) Financial Results Briefing for the Six Months ended September 30, 2023 November 29, 2023 Securities 証券コード identification : 7247 code: 7247 Copyright(c) 2021 MIKUNI CORP. All Right Reserved.

  2. Slide 2: Financial Results Briefing Agenda and Speakers

    Financial Results Briefing November 29, 2023 Wednesday 14:00-15:00 at Mikuni Building Agenda 1. Consolidated Financial Results for the Six Months ended September 30, 2023 2. Forecast for the Fiscal Year ending March 31, 2024 3. Topics 4. Q&A Session Speakers Hisataka IKUTA President, CEO & COO Satos

  3. Slide 3: Consolidated Financial Results for the Six Months ended September 30, 2023

    Consolidated Financial Results for the Six Months ended September 30, 2023 Note Our fiscal year begins on April 1 of each year and ends on March 31 of the following year. Copyright(c) 2021 MIKUNI CORP. All Right Reserved. 3

  4. Slide 4: Changes in Reportable Business Segmentation

    6 Months ended Sept. 30, 2023 Changes in Reportable Business Segmentation OLD NEW Automotive Related Products Mobility ≫ Automobile ≫ Motorcycle ≫ Automobile ≫ Motorcycle Vehicle heaters Household Appliances Gas Techno Device Products Aircraft Parts Import and Sales Trading Turf-care Equipment Other

  5. Slide 5: Net Sales and Composition Ratio by Business Segment

    6 Months ended Sept. 30, 2023 Mikuni's Business Segments Net Sales and Composition Ratio by Business Segment 2% Other Business Mobility 8% 84% Welfare vehicles, Nursing equipment, Consumer products Trading Precision forging products, Turf-care equipment Other etc. Trading1,157 3,915 ≫ Automobile Gas

  6. Slide 6: Summary of Income Statement

    6 Months ended Sept. 30, 2023 Summary of Income Statement Forecast for 6 months 6 months FY ended ended Sept. ended Sept. Change March, 2024 30, 2022 30, 2023 (Millions of yen) Net sales 44,810 47,942 3,132 99,000 Operating income 724 1,187 463 4,000 Ordinary income 429 973 544 3,300 Net income attr

  7. Slide 7: Financial Highlights

    6 Months ended Sept. 30, 2023 Financial Highlights Six Months Ended September 30, 2023 (April - September 2023) • Consolidated net sales increased 7.0% due to higher sales in the Mobility and Trading businesses. • Despite higher raw material prices, operating income increased 64.0% due to efforts to

  8. Slide 8: Transition of Quarterly Net Sales and Operating Income

    Transition of Quarterly Net Sales 6 Months ended Sept. 30, 2023 and Operating Income ■Automotive Products Business ■Household Appliances Device Products Business ■Aircraft Parts Import and Sales Business ■Turf-Care Equipment Sales Business (Millions （単位：百万円） of yen) ■Other Business 30,000 24,173 24,

  9. Slide 9: Analysis on Changes in Operating Income (YoY)

    6 Months ended Sept. 30, 2023 Analysis on Changes in Operating Income (YoY) Increased volume and price increases, as well as the impact of foreign exchange rates, absorbed the increase in expenses and secured a year-on-year increase in income. (Millions of yen) Note: Figures in parentheses are negat

  10. Slide 10: Net Sales and Operating Income by Business Segment

    Net Sales and Operating Income 6 Months ended Sept. 30, 2023 by Business Segment Net Sales and Operating Income by Business Segment (Apr. – Sept. , 2022 and 2023) 6 Months 6 Months Change Change in Operating ended September, 2022 ended September, 2023 in Net Sales Income Operating Operating Net Sale

  11. Slide 11: (Reference) Comparison of Net Sales and Operating Income by Segment

    (Reference) Comparison of Net Sales and Operating Income by Segment (Previous Accounting Standard) Mobility (Millions of yen) Operating Income Net Sales 41,844 37,975 33,940 34,250 2,159 869 805 1,051 23,872 123 112 100 101 2019.2Q 2020.2Q 2021.2Q 2022.2Q 2023.2Q 70 Size of sales with FY 2019 as 100

  12. Slide 12: (Reference) Comparison of Net Sales and Operating Income by Segment: Trading

    (Reference) Comparison of Net Sales and Operating Income by Segment (Previous Accounting Standard) (Millions of yen) Trading Operating Income Net Sales 16,835 15,140 508 506 11,886 11,034 10,557 100 90 66 71 161 63 128 3 2019.2Q 2020.2Q 2021.2Q 2022.2Q 2023.2Q 2019.2Q 2020.2Q 2021.2Q 2022.2Q 2023.2Q

  13. Slide 13: Summary of Balance Sheet

    6 Months ended Sept. 30, 2023 Summary of Balance Sheet End of March End of September Change (Millions of yen) 2023 2023 in amount Current assets 53,402 58,434 5,031 Fixed assets 46,705 50,550 3,844 Total assets 100,108 108,984 8,875 Current liabilities 37,579 43,178 5,599 Fixed liabilities 30,330 29

  14. Slide 14: Depreciation and Capital Investment

    6 Months ended Sept. 30, 2023 Depreciation and Capital Investment Capital investment increased YoY due to the construction of a second plant in Zhejiang Mikuni and investment for increased production in India. Depreciation expenses were generally on par with the same period of the previous year (Mil

  15. Slide 15: R&D Expenses

    6 Months ended Sept. 30, 2023 R&D Expenses R&D expenses increased slightly YoY, with 5.8 billion yen planned for FY2023. (Millions of yen) （％） 7,000 8.0 5,935 5,081 6,000 7.6 7.5 5,368 5,486 5,800 7.5 807 7.0 5,000 802 852 686 6.6 6.8 6.5 4,000 6.1 5,127 4,394 2,899 6.0 3,000 4,565 4,634 433 5.5 2,0

  16. Slide 16: Cash Flow

    6 Months ended Sept. 30, 2023 Cash Flow Negative operating cash flow due in part to the impact of the reorganization of production bases in China. Free cash was -2,699 million yen. (Millions of yen) 10,000 5,000 2,706 4,880 2,389 5,078 0 318 (561) (295) (2,371) (2,876) (2,404) (5,441) (6,997) (5,000

  17. Slide 17: Capital Adequacy Ratio

    6 Months ended Sept. 30, 2023 Capital Adequacy Ratio Total assets increased by 8.9 billion yen. While liabilities increased by 5.2 billion yen due to borrowing, net assets increased by 3.7 billion yen, due in part to an increase in the value of stock holdings (1.2 billion yen) and an increase in net

  18. Slide 18: Forecast for the Fiscal Year Ending March 31, 2024

    Forecast for the Fiscal Year Ending March 31, 2024 (Initial forecast unchanged) Copyright(c) 2021 MIKUNI CORP. All Right Reserved. 18

  19. Slide 19: Forecast for FY ending March 31, 2024 Summary of Income Statement

    Forecast for FY ending March 31, 2024 Summary of Income Statement Forecast for FY2021 ended FY2022 ended FY2023 ending March, 2022 March, 2023 (Millions of yen) March, 2024 Net sales 80,789 93,847 99,000 Operating income 3,318 3,089 4,000 Ordinary income 3,137 2,644 3,300 Net income attributable to

  20. Slide 20: Forecast Net Sales and Operating Income by Business Segment

    Forecast for Net Sales and Operating Income FY ending March 31, 2024 by Business Segment Net Sales and Operating Income by Business Segment (FY2022 and FY2023 forecast) FY2022 FY2023 (forecast) Change Change in Operating ended March, 2023 ending March, 2024 in Net Sales Income Operating Operating Ne

  21. Slide 21: (Reference) Net Sales and Operating Income in Automotive Product Segment

    (Reference) Comparison of Net Sales and Operating Income in Automotive Product Segment with the Last Four Fiscal Years (Previous Accounting Standard) Sales in India continue to increase and become the group's growth engine. ASEAN and Europe are on a recovery trend. In China, production bases were re

  22. Slide 22: Topics

    Topics Copyright(c) 2021 MIKUNI CORP. All Right Reserved. 22

  23. Slide 23: Response to the New Market Classification of the TSE

    Response to the New Market Classification Topics of the Tokyo Stock Exchange (TSE) As of October 20, 2023, we have changed our listing classification on TSE from the Prime Market to the Standard Market.  We have been listed on the prime market since the new market classification was established in

  24. Slide 24: 100th Anniversary of Company's Foundation

    Topics 100th Anniversary of Company’s Foundation Logo for the 100th Anniversary Launched the 100th anniversary website Copyright(c) 2021 MIKUNI CORP. All Right Reserved. 24

  25. Slide 25: Brand Message

    Topics Brand Message  3 simple verbs to express Mikuni's Corporate Philosophy.  Each verb contains the action guidelines that Mikuni values. Copyright(c) 2021 MIKUNI CORP. All Right Reserved. 25

  26. Slide 26: Japan Mobility Show 2023

    Topics Japan Mobility Show 2023 Theme: As we celebrate our 100th anniversary, we thank all those who have walked along this journey with us and supported us, and mark Mikuni for the next era. (October 25-26, 2023: Press Days, October 28-November 5, 2023 at Tokyo Big Sight) Copyright(c) 2021 MIKUNI C

  27. Slide 27: Disclaimer

    Disclaimer 1. This document has been prepared on a consolidated basis. 2. This document summarizes the financial results and earnings forecasts that have already been announced, and is provided solely for the purpose of providing information to investors, and is not intended as a solicitation to buy

  28. Slide 28: Securities Identification Code: 7247

    Securities 証券コード identification : 7247 code: 7247 Copyright(c) 2021 MIKUNI CORP. All Right Reserved. 28

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