Futaba Industrial Co., Ltd. · TSE:7241

Futaba Industrial — Q3 FY2024 Earnings Presentation

19 slides from Futaba Industrial's earnings presentation, Feb 28, 2025

  1. Slide 1: Earnings Results Presentation FY2024 3Q

    Earnings Results Presentation FY2024 3Q (111th term) Feb 28, 2025 Futaba Industrial Co., Ltd. （＃7241）

  2. Slide 2: Contents

    Contents 1 １．FY2024 3Q Financial Results ２．FY2024 Forecast ３．Appendix © FUTABA INDUSTRIAL CO.,LTD. All rights reserved

  3. Slide 3: Consolidated PL Summary

    〈Consolidated〉 PL Summary 2 Unit:100 Mill JPY © FUTABA INDUSTRIAL CO.,LTD. All rights reserved

  4. Slide 4: Consolidated PL summary: Sales detail, DS, Material, Exchange rate impact

    〈Consolidated〉 PL summary Sales detail: DS & Material, Exchange rate Impact 3 ◆ Sales Sales(Excl. DS) Unit：100 Mill JPY DS amount FY2023 FY2024 3Q Actual 3Q Actual 6,101 ▲836 5,264 ・Sales including DS parts : ▲836 2,661 1,983 〈+22.6%〉 ▲158 ・Sales excluding 〈+3.0DS %〉 parts : ▲158 3,440 3,281 ・Sales

  5. Slide 5: Sales & Operating Profit by segments Excl.DS

    〈Consolidated〉Sales & Operating Profit by segments Excl.DS 4 Unit：100 Mill JPY FY2024 FY2023 Diff Diff 3Q 3Q Ratio Sales [Excl.DS] 1,597 1,725 ▲128 ▲7.4% Japan Operating Profit 39 (2.5%) 86 (5.0 ) % ▲47 ▲54.8% Sales [Excl.DS] 907 825 +81 +9.9% NA Operating Profit 14 (1.6%) 19 (2.4 ) % ▲5 ▲28.3% Sale

  6. Slide 6: OP Flux Analysis FY24 3Q vs FY23 3Q

    〈Consolidated〉OP Flux Analysis FY24 3Q vs FY23 3Q 5 Unit:100 Mill JPY Gap Total ▲60 ( 160 → 99 ) Favorable Unfavorable Parts sales vol FY2023 ▲72 3Q Business other than Depreciation parts business Sales price +25 ▲15 FY2024 revision Material･Labor Kaizen 3Q ▲13 ･Expence +39 160 ▲56 Price pass- throu

  7. Slide 7: Explanation of non-operating items

    〈Consolidated〉Explanation of non-operating items 6 Unit：100 Mill JPY FY2024 FY2023 Diff Comments 3Q 3Q Operating Profit 99.1 160.0 ▲ 60.9 Non-Operating Profit 18.4 22.9 ▲ 4.5 Non-Operating Expense 19.4 26.9 ▲ 7.4 Ordinary Profit 98.0 156.0 ▲ 58.0 Extraordinary Profit 15.3 - +15.3 Gain on sale of inv

  8. Slide 8: Contents

    Contents 7 １．FY2024 3Q Financial Results ２．FY2024 Forecast ３．Appendix © FUTABA INDUSTRIAL CO.,LTD. All rights reserved

  9. Slide 9: FY2024 Forecast

    FY2024 Forecast 8 Revised upward of FY2024 Forecast announced on Oct-30, as a result of reflecting increase in Customer Production Volume in 3Q･4Q (China etc.) and review of Exchange Rate. Unit:100 Mill JPY FY2024 FY2024 Diff FY2023 Diff Diff Revised Forecast Previous Forecast Ratio Actual Sales [In

  10. Slide 10: Sales & Operating Profit by segments FY2023 vs FY2024 Forecast

    〈Consolidated〉Sales & Operating Profit by segments FY2023 VS FY2024 Forecast 9 Sales Incl.DS Operation Profit Unit : 100 Mill JPY Sales Excl.DS Operating profit/sales Excl.DS ratio Total JPN NA 4.3 3.4 4.3 7,958 3.0 3.1 2.4 7,000 3,658 3,290 2,228 2,050 4,496 192 4,350 150 98 34 30 2,255 2,160 65 1,

  11. Slide 11: OP Flux Analysis FY2023 vs FY2024 Forecast

    〈Cosolidated〉OP Flux Analysis FY2023 vs FY2024 Forecast 10 Unit：100 Mill JPY GAP Total ▲42 ( 192 → 150 ) Favorable Unfavorable Parts sales Bussiness other than FY2023 vol ▲57 Depreciation parts business +44 ▲33 Sales Price FY2024 Revision Material･Labor Kaizen Forecast ･Expense +50 ▲17 ▲73 Price pas

  12. Slide 12: Contents

    Contents 11 １．FY2024 3Q Financial Results ２．FY2024 Forecast ３．Appendix © FUTABA INDUSTRIAL CO.,LTD. All rights reserved

  13. Slide 13: Sales by customer

    Sales by customer 12 The figure in （ ） shows profit /sales ratio Unit：100Mill JPY FY2024 FY2023 Incl.DS 3Q 3Q Diff Diff Ratio ※1Toyota Group 4,329 (82.2%) 4,965 (81.4%) ▲636 ▲12.8% Suzuki 421 (8.0%) 535 (8.8%) ▲113 ▲21.2% Mitsubishi Motors 143 (2.7%) 172 (2.8%) ▲28 ▲16.6% ※2 Nissan Group 67 (1.3%) 6

  14. Slide 14: FY2024 3Q Percentage of sales by Product Category

    FY2024 3Q Percentage of sales by Product Category 13 Other Other Suspension 4.4% 6.9% 5.7% Suspension Exhaust/fuel Exhaust/fuel 8.1% system system JPN JPN 14.4% 28.8% CHN 49.9% 23.1% 4.9% EUR NA CHN 5.8% 4.5% 6.7% EUR Sales Incl.DS Sales Excl.DS 2.8% EUR CHN NA 5,264 5.4% 3,281 2.1% Asia 15.2% NA Un

  15. Slide 15: Improve financial condition: OP ratio and FCF

    Improve financial condition 14 Operating Profit Ratio Free・Cash・Flow(FCF) Target OP ratio 2.6～5.0％ Target FCF 60 to 150 100mill yen Consistent Positive FCF Continue activities to lower BEP Allocate to ①shareholder return ②repayment of Aim to reduce both variable & fixed cost interest –bearing debt ③

  16. Slide 16: Improve financial condition: Shareholder returns and debt repayment

    Improve financial condition 15 Shareholder Returns Repayment of interest –bearing debt Payout ratio target around 30% Continue to reduce interest-bearing debt Strive to maintain and increase the mounts Activation of financial transaction between of dividends. group company © FUTABA INDUSTRIAL CO.,LT

  17. Slide 17: Improve Financial Condition: R&D and capital investments

    Improve Financial Condition 16 Investments in growth（R&D expense） Capital investments To achieved FCF target, set the upper limit of Increase the ratio of R&D expense to net capital investment at 250 to 300 100mill JPY sales from 1% to a range of 2% to 3% Follow a basic principle of making no invest

  18. Slide 18: Improve financial condition: ROE and equity ratio

    Improve financial condition 17 ROE Equity ratio Target ROE: 10％ or more Target equity ratio: 40% or more Improve profitability and strengthen Clarified our target ROE to be 10% or more. shareholder’s equity. Work on realization of management that is Improve turnover of inventories and no- conscious

  19. Slide 19: Precautions

    https://www.futabasangyo.com/ 【 Precautions 】 The outlook regarding our company (including consolidated subsidiaries) disclosed in this document is based on information currently available to our management and is subject to risks and uncertainties. Therefore, we kindly ask you to refrain from solel

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