Yamazaki Co., Ltd. · TSE:6147
Yamazaki — FY2019 Earnings Presentation
26 slides from Yamazaki's earnings presentation, June 2019
Slide 1: Financial Result for the Fiscal Year Ended March 2019
YAMAZAKI Co., Ltd. Financial Result for the Fiscal Year Ended March 2019 June 2019 6147 1
Slide 2: Contents
Contents (1)About Yamazaki Co., Ltd. 3 (2) Performance and Financial Position for the fiscal year ended March 2019 7 (3) Market Trends, Business Forecasts, and Strategies 18 (4) Diversified Businesses Corresponds to Social Issues 23 2
Slide 3: (1) About Yamazaki Co., Ltd.
(1)About Yamazaki Co., Ltd. 3
Slide 4: Beginning of the company and History
Beginning of the company Founded : March 1, 1946 Established : September 1, 1960 History 1946 Yoshio Yamazaki founded as Yamazaki Tekkosho in Terashima Town, Hamamatsu City. Started manufacturing musical instrument parts, special machines and jigs. 1954 Relocated to Asada Town, Hamamatsu City, and b
Slide 5: Business and Main Customers
Business ◆ Manufacture and sales of automated equipment （ FMS units, indexing tables, spindle heads, multi- spindle heads, turret heads, drilling units, tapping units, and others ） ◆ Manufacture and sales of dedicated machine tools, machining centers and honing machines. ◆ Manufacture and sales of e
Slide 6: Management Policy
Management Policy ◆Constantly execute strategies to respond to new trends in the manufacturing industry, and reform production systems. 1. Strengthen product development that is upstream 2. Enhancing downstream inventory management 3. Optimization of production equipment according to business condit
Slide 7: (2) Performance and Financial Position for the Fiscal Year Ended March 2019
(2) Performance and Financial Position for the Fiscal year Ended March 2019 7
Slide 8: Financial Summary
Financial Summary March 2018 March 2019 Change from First Second Third Fourth Full year Full year the previous quarter quarter quarter quarter year (million¥） Net sales 3,065 599 759 716 1,298 3,372 110％ Operating income 89 2 12 74 209 297 233％ Ordinary income 73 -19 24 77 202 284 286％ Net income at
Slide 9: Performance Trends
Performance Trends March March March March March March (million ¥） 2014 2015 2016 2017 2018 2019 Net sales 3,020 2,851 3,333 2,843 3,065 3,372 Operating income 214 42 198 81 89 297 Operating Income to net 7.1％ 1.5％ 5.9％ 2.8％ 2.9％ 8.8％ Sales Ordinary income 243 108 134 37 73 284 Net income attributab
Slide 10: Net Sales Trends
Net Sales Trends (million ¥） 3,500 3,400 3,372 3,333 3,300 3,200 3,100 3,065 3,000 2,900 2,851 2,843 2,800 2,700 2,600 2,500 2015 2016 2017 2018 2019 2015 2016 2017 2018 2019 ◆ Sales are on the rise due to increased sales of dedicated machine tools since 2017. 10
Slide 11: Income Trends
Income Trends (million ¥） 350 ） 10.0% 297 9.0% 8.8% 300 8.0% 250 7.0% 218 198 6.0% 200 5.9% 5.0% 150 4.0% 93 89 3.0% 100 84 81 2.8% 2.9% 2.0% 42 46 50 1.5% 23 1.0% 0 0.0% 2015 2016 2017 2018 2019 営業利益 Operating income 純利益 Ordinary income 営業利益率 Operating income to net sales ◆ Operating profit margin
Slide 12: Performance Trend by Segment
Performance Trend by Segment March March March March March (Million ¥・％） 2015 2016 2017 2018 2019 Segment Sales 1,694 2,003 1,489 1,756 2,174 Machine Segment Tools Profit 12 157 0.2 18 240 Business Segment Profit 0.7％ 7.8％ 1.0％ 11.0％ Margin Segment Sales 1,157 1,330 1,353 1,308 1,198 Motor Cycle Seg
Slide 13: Change in Sales by Segment
Change in Sales by Segment March 2017 March 2018 March 2019 1,353 1,198 1,308 million ¥ million ¥ million ¥ 36％ 1,489 Net Sales 48％ 1,756 Net Sales 43％ Net Sales 3,065 million ¥ 2,174 million ¥ 2,843 million ¥ million ¥ 3,372 million ¥ million ¥ 52％ 57％ 64％ Machine Tools Business Motor Cycle Parts B
Slide 14: Sales Trend by Region
Sales Trend by Region March March March March March 2015 2016 2017 2018 2019 (Million ¥・％） Japan 1,711 2,331 1,971 2,555 2,465 Japan sales share 60.0％ 69.9％ 69.3％ 83.3％ 73.1％ Asia 960 825 761 398 849 Asia sales share 33.7％ 24.7％ 26.8％ 13.0％ 25.2％ Others 180 176 110 111 57 Others sales 6.3％ 5.3％ 3.9％
Slide 15: Change in Sales by Region
Change in Sales by Region March 2017 March 2018 March 2019 111 57 110 million million ¥ million ¥ 398 million ¥ 849 761 million ¥ million ¥ Net Sales Net Sales Net Sales 2,843 million ¥ 3,065 million ¥ 3,372 million ¥ 1,971 2,555 2,465 million ¥ million ¥ million ¥ Japan Asia Others Japan sales have
Slide 16: Balance Sheets and Indicators
Balance Sheets and Indicators (million ¥・％） March 2018 March 2019 Current asset Current liabilities Current asset Current liabilities 2,729 1,833 3,299 2,431 Fixed liabilities Fixed liabilities 768 543 Fixed asset Shareholders’ equity Fixed asset Shareholders’ equity 1,872 1,889 1,799 2,096 Other ne
Slide 17: Change of Balance Sheet Structure
Change of Balance Sheet Structure (million ¥) March 2018 (million ¥) March 2019 Cash and deposit Interest bearing debt Cash and deposit Interest bearing debt 1,339 1,941 現金・預金 有利子負債 1,838 2,008 1,838 2,008 Accounts receivables Other current liabilities Accounts receivables Other current liabilities
Slide 18: Cash Flow Status
Cash Flow Status (million ¥） March 2018 March 2019 Cash flows from operating activities 25 604 Cash flows from investing activities -96 -280 Cash flows from financing activities 149 53 Free cash flow -71 324 Cash and cash equivalent at the beginning of the year 99 176 Cash and cash equivalent at the
Slide 19: (3) Market Trend, Business Forecast and Strategies
（3）Market trend, Business Forecast and Strategies 19
Slide 20: Forecast of Machine Tool Market Orders
Forecast of Machine Tool Market Orders 2020（forecast） （million ¥/％） 2015 2016 2017 2018 2019（forecast） 2021（forecast） Domestic +4.0～5.0％ demand 5,793 5,316 6,880 7,622 -7.0～-6.0％ +5.0～6.0％ Foreign +0.5～1.5％ demand 8,197 7,577 10,924 10,036 -5.0～-4.0％ +3.5～4.5％ Total +7.0～8.0％ orders 13,990 12,893 17
Slide 21: Forecast of the Fiscal Year Ending March 2020
Forecast of the Fiscal year Ending March 2020 March March March Change from the (million ¥） 2018（results） 2019（results） 2020（forecast） previous year Net sales 3,065 3,372 3,730 110％ Operating income 89 297 300 101％ Operating income 2.9% 8.8% 8.0% －0.8％ to net sales point Ordinary income 73 284 257 9
Slide 22: Sales Forecast of the Fiscal Year Ending March 2020
Sales Forecast of the Fiscal year Ending March 2020 ) (million ¥） 4,000 3,730 3,500 3,372 3,065 3,000 2,500 2,000 1,500 1,000 2018 2019 (forecast) 2020（予想） 2018 2019 (forecast) 2020（予想） ◆We anticipate sales increase again next year by aggressive sales activities to contribute to expansion of custome
Slide 23: Income Forecast of the Fiscal Year Ending March 2020
Income Forecast of the Fiscal year Ending March 2020 Million ¥ 350 10.0% 9.0% 8.8% 300 8.00% 8.0% 250 7.0% 6.0% 200 5.0% 150 4.0% 100 2.9% 3.0% 2.0% 50 1.0% 0 0.0% 2018 2019 2020（予想） Operating income 営業利益 Net income 純利益 Operating income to Net sales 営業利益率 ◆We plan to secure the same profit as the pr
Slide 24: Future Strategies
Future Strategies ◆Customer first principle ◆Further enhance in-house facilities Overall strategies ◆Development of high value-added products ◆Aim for the company based on production technology ◆Enhance proposal-based sales with more than 500 units and technical expertise Machine Tools Business ◆Fro
Slide 25: (4) Diversified Businesses Corresponds to Social Issues
（4） Diversified Businesses Corresponds to Social Issues 25
Slide 26: Diversified Businesses Corresponds to Social Issues
Diversified Businesses Corresponds to Social Issues (1) Micro bubble business ～Water purification with fine bubbles ◆What is the micro bubble business ? Business to utilize bubbles with extremely fine bubble size at the time of occurrence ◆Application range Water purification, aquaculture, parts was