Nisshinbo Holdings Inc. · TSE:3105
Nisshinbo — FY2023 Earnings Presentation
24 slides from Nisshinbo's earnings presentation, Feb 9, 2024
Slide 1: Financial Results for FY2023
Financial Results for FY2023 (Jan. 2023 – Dec. 2023) Nisshinbo Holdings Inc. Feb. 9, 2024
Slide 2: Table of Contents
Table of Contents 1. FY2023 Results Overview P.3 2. Forecast for FY2024 P.12 3. Appendix P.21 The earnings forecasts contained in these materials are based on information currently available to the Company and are not promises of achievement. 2
Slide 3: 1. FY2023 Results Overview
NISSHNBO 1. FY2023 Results Overview
Slide 4: 1-1. Financial Highlights (y/y)
1-1. Financial Highlights (y/y) （mil. yen） FY2022 FY2023 Change rate Net sales 516,085 541,211 +25,125 +4.9% Operating income 15,435 12,453 -2,981 ▲19.3% Ordinary income 20,397 15,785 -4,611 ▲22.6% Net income Attributable to 19,740 -20,045 -39,785 - Owners of Parent ■In 4Q FY2023, Hitachi Kokusai El
Slide 5: 1-2. FY2023 Results by segments (y/y)
1-2. FY2023 Results by segments (y/y) （mil. yen） FY2022 FY2023 Change rate Wireless comms Net Sales 150,392 158,081 +7,689 +5.1% OP 4,821 4,745 -76 ▲1.6% Micro Devices Net Sales 85,329 80,044 -5,284 ▲6.2% OP 8,947 934 -8,012 ▲89.6% Brakes Net Sales 153,643 178,541 +24,898 +16.2% OP -4,664 4,682 +9,3
Slide 6: 1-2. FY2023 Net sales (y/y)
1-2. FY2023 Net sales (y/y) Millions of yen 6
Slide 7: 1-2. FY2023 Operating profit (y/y)
1-2. FY2023 Operating profit (y/y) Millions of yen 7
Slide 8: 1-2. FY2023 Wireless & Comms
1-2. FY2023 Wireless & Comms Increase in sales and decrease in profits ■Solutions and Specialized Equipment: Decrease in sales and profits Sales of radar systems for the Ministry of Defense increased. Demand for prefectural and municipal disaster prevention systems and aeronautical and meteorologica
Slide 9: 1-2. FY2023 Micro Devices
1-2. FY2023 Micro Devices Decrease in sales and profits ■Electronic Devices Business: Decrease in sales and profits Automotive : Increased due to strong sales of EV recharging, sensors, and car navigation systems, and price pass-through Industrial machinery: Overall sluggish in motor control and off
Slide 10: 1-2. FY2023 Brake & Precision Instruments
1-2. FY2023 Brake & Precision Instruments Brakes: Increase in sales and return to profitability ■Nisshinbo Brake: Increase in sales and decrease in profits Sales increased due to recovery of production by car manufacturers, but income decreased due to soaring raw material prices. ■TMD: Increase in s
Slide 11: 1-2. FY2023 Chemicals & Textiles
1-2. FY2023 Chemicals & Textiles Chemicals: Decrease in sales and profits ■Insulation products: Same level in sales and decrease in profits Impact of soaring raw material prices. ■FC bipolar plates: Decrease in sales and profits Decrease in orders for overseas stationary applications. ■Functional Ch
Slide 12: 2. Forecast for FY2024
NISSHNBO 2. Forecast for FY2024 12
Slide 13: 2-1. Highlights of forecast for FY2024
2-1. Highlights of forecast for FY2024 （mil. yen） FY2022 FY2023 Change FC rate Net sales 541,211 513,000 -28,211 -5.2% Operating income 12,453 24,000 11,547 92.7% Ordinary income 15,785 26,000 10,215 64.7% Net income Attributable to -20,045 19,000 39,045 - Owners of Parent Assumed exchange rate: US$
Slide 14: 2-2. Forecast for FY2024
2-2. Forecast for FY2024 （mil. yen） FY2023 FY2024 Change FC rate Wireless comms Net Sales 158,081 231,000 +72,919 +46.1% OP 4,745 8,000 +3,255 +68.6% Micro Devices Net Sales 80,044 88,000 +7,956 +9.9% OP 934 3,900 +2,966 +317.6% Materials Net Sales 280,720 165,000 -115,720 ▲41.2% OP 6,391 5,900 -491
Slide 15: 2-2. Sales forecast for FY2024
2-2. Sales forecast for FY2024 Millions of yen 15
Slide 16: 2-2. Operating Income forecast for FY2024
2-2. Operating Income forecast for FY2024 Millions of yen 16
Slide 17: 2-2. FY2024 Forecast for Wireless & Comms
2-2. FY2024 Forecast for Wireless & Comms Increase in sales and profits ■Stable public works budgets are expected to support steady growth in the solutions and specialized equipment businesses ■Hitachi Kokusai Electric Group became a consolidated subsidiary 17
Slide 18: 2-2. FY2024 Forecast for Micro Devices
2-2. FY2024 Forecast for Micro Devices Increase in sales and profits ■Automotive products are expected to remain strong. ■Market conditions for consumer products such as smartphones and PC-related products are expected to recover from the second half of the year. 18
Slide 19: 2-2. FY2024 Forecast for Brake & Precision Instruments
2-2. FY2024 Forecast for Brake & Precision Instruments Brake: Decrease in sales and profits ■Orders for copper-less and copper-free friction materials to meet environmental regulations are expected to remain strong. ■ Overall business sales and income are expected to decrease due to the business tra
Slide 20: 2-2. FY2024 Forecast for Chemicals & Textiles
2-2. FY2024 Forecast for Chemicals & Textiles Chemicals: Increase in sales and profits ■Fuel cell bipolar plates :Increase in global inquiries ■Functional Chemicals (Carbodilite): Growing demand for soil and marine degradable products Textiles: Increase in sales and return to profitability ■Expand s
Slide 21: 3. Appendix
NISSHNBO 3. Appendix 21
Slide 22: 3-1. Financial results by segment ①
3-1. Financial results by segment ① Wireless and FY2023FC (8/22) FY2022 FY2023 Change FY2024 FC communications Net sales O. P. Net sales O. P. Net sales O. P. Net sales O. P. Net sales O. P. Marine systems 39,600 2,100 35,844 1,633 43,938 2,811 8,094 1,178 42,400 1,600 Solutions 62,400 300 68,989 3,
Slide 23: 3-2. Financial results by segment ②
3-2. Financial results by segment ② 23
Slide 24: Abbreviations for Nisshinbo group companies
Abbreviations for Nisshinbo group companies NISH: Nisshinbo Holdings Inc. Consolidated subsidiaries of NISH. JRC: Japan Radio Co., Ltd. NISD: Nisshinbo Micro Devices Inc. NISB: Nisshinbo Brake Inc. NISM: Nisshinbo Mechatronics Inc. NISC: Nisshinbo Chemical Inc. NIST: Nisshinbo Textile Inc. 24