Slide 1: GIKEN LTD. Financial Results Overview FY2024
Construction Revolution FY2024 (September 2023 to August 2024) GIKEN LTD. Financial Results Overview October 11, 2024 Securities code: 6289
Slide 2: Forward-looking Statements Disclaimer
Forward-looking Statements Disclaimer Except for historical facts, certain information provided in this document, such as our and our group’s current policies and management strategies, contains “forward-looking statements” based on currently available information, including statements about the fut
Slide 3: Content
Content I. Financial Results Financial Results Overview FY2024 P 3 FY2025 Forecast P 12 Shareholder Return P 19 II. References P 21 2
Slide 4: Financial Results Overview FY2024
Financial Results Overview FY2024 3
Slide 5: Financial Results Trend ー Key Points
Financial Results Trend ー Key Points (1) Construction Machinery Segment ◎ In Japan, while construction investment remained strong, a reduction in the scale of government-funded construction projects due to rising costs impacted capital investment by users. ◎ Overseas, sales of products (including us
Slide 6: Financial Results Trend ー Full year
Financial Results Trend ー Full year • Net sales increased by 0.7% year on year to JPY 29,481M. • Operating profit increased by 11.4% year on year to JPY 3,324M. • Profit increased by 187.9% year on year to JPY 2,437M. Unit: Millions of JPY FY2022 FY2023 FY2024 Full year Actual YoY Actual YoY Actual
Slide 7: Financial Results Trend ー 4Q (Jun–Aug)
Financial Results Trend ー 4Q (Jun–Aug) • Net sales decreased by 9.0% year on year to JPY 7,347M. • Operating profit decreased by 39.7% year on year to JPY 486M. • Profit decreased by 64.8% year on year to JPY 219M. Unit: Millions of JPY FY2022 FY2023 FY2024 4Q Actual YoY Actual YoY Actual YoY Net sa
Slide 8: Financial Results Trend ー Full Year Construction Machinery Segment
Financial Results Trend ー Full Year Construction Machinery Segment • Net sales increased by 0.6% year on year to JPY 21,402M. • Operating profit decreased by 0.9% year on year to JPY 4,624M. • Operating profit margin decreased by 0.3%pt to 21.6%. Unit: Millions of JPY Construction FY2022 FY2023 FY20
Slide 9: Financial Results Trend ー Full Year Press-in Work Segment
Financial Results Trend ー Full Year Press-in Work Segment • Net sales decreased by 1.3% year on year to JPY 8,683M. • Operating profit increased by 32.7% year on year to JPY 1,161M. • Operating profit margin increased by 3.4%pt to 13.4%. Unit: Millions of JPY Press-in Work FY2022 FY2023 FY2024 Segme
Slide 10: Trend of Net Sales by Segment ー 4Q (Jun–Aug)
Trend of Net Sales by Segment ー 4Q (Jun–Aug) Construction Machinery Segment Press-in Work Segment Unit: Millions of JPY 8,000 Unit: Millions of JPY 8,000 7,151 807 6,104 6,000 5,786 6,000 871 1,096 4,000 4,000 6,344 2,457 5,232 1,971 4,690 2,000 1,560 2,000 1,223 68 116 1,234 1,902 1,444 0 0 FY2022
Slide 11: Trend of Operating Profit by Segment ー 4Q (Jun–Aug)
Trend of Operating Profit by Segment ー 4Q (Jun–Aug) Construction Machinery Segment Press-in Work Segment Unit: Millions of JPY Unit: Millions of JPY 8,000 3,000 7,268 7,000 116 2,470 2,500 6,031 5,919 12 6,000 (-73) 132 2,012 2,000 5,000 40 1,578 4,000 1,500 18 7,151 2,457 3,000 6,104 5,786 1,000 1,
Slide 12: Trend of Overseas Sales and Overseas Ratio
Trend of Overseas Sales and Overseas Ratio Unit: millions of JPY 3,500 30% 27.6% 3,000 25% 21.1% 2,500 18.1% 20% 15.3% 16.5% 2,000 15.7% 14.6% 1,223 11.0% 12.7% 13.3% 15% 1,369 11.6% 11.6% 1,500 10% 1,000 916 116 63 643 743 431 68 76 622 64 5% 500 1,013 1,096 807 871 866 698 403 437 431 553 338 196
Slide 13: FY2025 Forecast
FY2025 Forecast 12
Slide 14: Forecast
Forecast Unit: Millions of JPY FY2025 Forecast FY2024 1st Half 2nd Half Full Year Actual YoY Forecast Forecast Forecast Net sales 29,481 15,700 14,300 30,000 +1.8% Operating 3,324 2,550 950 3,500 +5.3% Profit Ordinary 3,582 2,600 1,000 3,600 +0.5% profit Profit* 2,437 1,900 700 2,600 +6.7% Profit Pe
Slide 15: Forecast ー Key Points
Forecast ー Key Points (1) Construction Machinery Segment ◎ Solid increase in customers’ capital investment Domestic infrastructure development, including measures to strengthen national resilience and Noto Peninsula Earthquake recovery and reconstruction projects, expressways, and ports, is expect
Slide 16: Forecast ー Sales and Operating Profit
Forecast ー Sales and Operating Profit Unit: Millions of JPY [Factors in sales changes] ↑ Up 1.8% • It is projected to continuously 30,000 29,481 increase the sales of products 3,994 4,500 which improve the productivity in (13.5%) (15.0%) hard ground construction sites, as well as of which data can b
Slide 17: Forecast ー Sales by Segment
Forecast ー Sales by Segment Construction Machinery Segment Press-in Work Segment Unit: Millions of JPY Unit: Millions of JPY 17.5% 17.7% 25,000 9.9% 25.0% 24.0% 23.0% 22.0% 21.0% 25,000 20.0% 19.0% 18.0% 17.0% 16.0% 15.0% 40.0% 14.0% 13.0% 12.0% 11.0% 10.0% 9.0% 23.9% 8.0% 7.0% 6.0% 5.0% 4.0% 3.0% 2
Slide 18: Forecast ー Operating Profit by Segment
Forecast ー Operating Profit by Segment Construction Machinery Segment Press-in Work Segment Unit: Millions of JPY Unit: Millions of JPY 25,000 12,000 21,276 21,402 21,255 461 305 10,000 20,000 523 9,438 8,796 8,683 388 276 142 8,000 15,000 6,000 10,000 20,752 20,940 20,950 9,050 4,000 8,519 8,540 5,
Slide 19: Forecast ー Capital Investment, Research and Development Expenses
Forecast ー Capital Investment, Research and Development Expenses ◎ Capital Investment, Depreciation ◎ Research and Development Expenses Unit: Millions of JPY Unit: Millions of JPY 2,000 950 3.2% 1,829 3.1% 1,800 3.1% 900 1,601 3.0% 1,600 1,584 3.0% 850 1,400 1,347 1,375 2.9% 1,216 800 1,200 2.7% 2.8
Slide 20: Shareholder Return
Shareholder Return 19
Slide 21: Shareholder Return
Shareholder Return FY2024 FY2025 (forecast) Interim dividend: JPY 20 (result) Interim dividend: JPY 22 Year-end dividend: JPY 22* Year-end dividend: JPY 22 *proposed at the 43rd Ordinary General Meeting of Shareholders to be held on 26 November 2024. Interim Dividend Year-end Dividend Unit: JPY 80 7
Slide 22: References
References 21
Slide 23: Financial Results Overview FY2024—Operating Profit Changes
Financial Results Overview FY2024—Operating Profit Changes Sales increase in Press-in Unit: Millions of JPY Work Segment Exclusion of a Operating subsidiary from profit -1,007 consolidation R&D costs Operating decrease 3,324 profit Foreign -203 +108 -74 exchange +1,724 +433 Other Personnel 2,983 dif
Slide 24: Construction Machinery Segment Net Sales by Category
Financial Results Overview FY2024—Construction Machinery Segment Net Sales by Category Unit: Millions of JPY 25,000 • In Japan, while sales of the SILENT PILER F112 were 20,852 20,753 20,940 robust, sales volumes of 20,000 753 720 machinery products used 803 in the construction of permanent structur
Slide 25: Construction Machinery Segment Net Sales by Category
Financial Results Overview FY2024—Construction Machinery Segment Net Sales by Category Shipment Value Trend by Product Category Unit: Millions of JPY 16,000 Specialized Machinery 13,867 13,809 13,460 (e.g. CL70, JZ100) Press-in machine for ultra-low- 1,629 1,804 12,000 2,801 headroom 1,068 Press-in
Slide 26: Financial Results Overview FY2024—Capital Investment Trend
Financial Results Overview FY2024—Capital Investment Trend Unit: Millions of JPY 10,000 Kochi Third Factory 263 Staff dormitory （Ichijima BASE） 153 RED HILL 1967 309 8,000 Factory and office Factory and office building in the building in the RED HILL 1967 508 Netherlands 345 EV Eco Park 72 RED HILL
Slide 27: Progress in Domestic Business
Progress in Domestic Business 2024 Noto Peninsula Earthquake emergency reconstruction work Press-in technologies were adopted for the reconstruction of the Noto Ohashi bridge in the Noto-Satoyama Kaido expressway. Before the Under construction construction Under construction GIKEN SEKO built earth-r
Slide 28: Overseas ー Review FY2024
Overseas ー Review FY2024 Establish GIKEN business model overseas Building up press-in markets: Develop potential markets in response to the needs that we can serve through offering press-in technology based on the expertise of GIKEN. Growth of the press-in industry: Expand the industry leading the p
Slide 29: Progress in Overseas Business
Progress in Overseas Business We delivered SILENT PILER CLP200A, a tubular sheet pile press-in machine for ultra-low-headroom, to one of the leading users in North America. It was the first press-in machine for ultra-low-headroom delivered in North America. It was adopted for a flood prevention proj
Slide 30: Construction Revolution
Construction Revolution Implant Method Changes Worldwide Construction