Abalance Corp · TSE:3856
Abalance — FY03/25 Earnings Presentation
28 slides from Abalance's earnings presentation, May 15, 2025
Slide 1: Financial Results Presentation for FY03/25
Financial Results Presentation for FY03/25 Note :This document has been translated from the Japanese original disclosed on May 15, 2025, for reference purposes only. Please note that certain numerical figures were revised on May 23, 2025, and such revisions have been reflected in this translated doc
Slide 2: Contents
Contents １．Group Company Summary ・・・・・ 3 ２．Overview of FY03/25 ・・・・・ 8 Consolidated Financial Results ３．Plan for FY03/26 ・・・・・ 14 4．Appendix ・・・・・ 23 Copyright © 2025 Abalance Corporation 2
Slide 3: 1. Group Company Summary
１．Group Company Summary Copyright © 2025 Abalance Corporation
Slide 4: Group Company Overview
Group Company Overview Solar Panel Manufacturing Business Green Energy Business Other (as of March 31, 2025) Abalance Corporation Group management control and management https://www.abalance.jp/ WWB Corporation Vietnam Sunergy Joint Stock Company Development, sales, construction of solar （BloombergB
Slide 5: Company Profile and History (as of March 31, 2025)
Company Profile and History(as of March 31, 2025) Company Profile History Trade Name Abalance Corporation April 2000 Established Tennozu First Tower 16F 2-2-4 Listed on the Tokyo Stock Exchange Address September 2007 Higashishinagawa, Shinagawa-ku, Tokyo Mothers Market(Realcom Co., Ltd.) Share excha
Slide 6: KPI, Shareholder Returns
KPI、Shareholder Returns Profitability Financial Soundness Operating Income （Millions of yen） Equity Ratio 23,349 16.6% 15.8% 12,804 10.2% 8.8% 6.9% 3,602 1,361 1,605 FY06/21 FY06/22 FY06/23 FY06/24 FY03/25 FY06/21 FY06/22 FY06/23 FY06/24 FY03/25 (9 months) (9 months) Return on Equity （ROE） Sharehold
Slide 7: Corporate Governance
Corporate Governance Enhancing corporate governance structure aiming for global expansion and robust management ⚫ October 2024 : Newly establish the Risk Compliance Committee as an advisory committee to the Board of Directors (External Director as Chair) Newly establish the Finance Committee and Inv
Slide 8: 2. Overview of FY03/25 Consolidated Financial Results
2．Overview of FY03/25 Consolidated Financial Results Copyright © 2025 Abalance Corporation
Slide 9: Executive Summary of FY03/25
Executive Summary of FY03/25 (Financial Period: July 1, 2024 to March 31, 2025) Management Environment Economy Market ⚫ Japanese economy showed a moderate recovery ⚫ The market environment was sluggish due to a China-led oversupply of solar products supported by the improvement in the employment ⚫ F
Slide 10: Consolidated Financial Results of FY03/25
Consolidated Financial Results of FY03/25 (Financial Period: July 1, 2024 to March 31, 2025) Statement of Income ⚫ For 03/25 (nine-month period), Consolidated net sales 72.4 billion yen (up 21% compared to forecast) and operating profit was 36 billion yen (down 29% compared to forecast) ⚫ Net sales
Slide 11: FY03/25 Consolidated Financial Results Summary
FY03/25 Consolidated Financial Results (Financial Period: July 1, 2024 to March 31, 2025) Summary of revenue and operating income by segment FY03/25 YoY QoQ FY03/25 YoY QoQ FY03/25 YoY QoQ (Millions of yen) 1Q (%) (%) 2Q (%) (%) 3Q (%) (%) Solar Panel Net Sales 19,700 (64.5)% (61.5)% 21,254 (56.4)%
Slide 12: Solar Panel Manufacturing Business
Consolidated Financial Results of FY03/25 (Financial Period: July 1, 2024 to March 31, 2025) Solar Panel Manufacturing Business ⚫ Net sales is on a recovery trend from a low point in the 25/1Q Change 3Q of FY06/ 24 Change FY06/24 FY03/25 FY03/25 (compared to accumulation (compared to previous 3Q (12
Slide 13: Green Energy Business
Consolidated Financial Results of FY03/25 (Financial Period: July 1, 2024 to March 31, 2025) Green Energy Business ⚫ Net sales increased compared to the year-end forecast and year on year (accumulated 3Q) ⚫ Recurring revenue business model, our focus, showed robust results (4,437 millions yen in 03/
Slide 14: 3. Plan for FY03/26
3．Plan for FY03/26 Copyright © 2025 Abalance Corporation
Slide 15: Plan for FY03/26
Plan for FY03/26 (Financial Period: April 1, 2025 to March 31, 2026) Management Environment Financial Results of the Company ⚫ Consolidated net sales of 9.5 billion yen and operating profit of 6.0 billion yen for 03/26 Economy (April 1, 2025 to March 31, 2026) ⚫ Despite a moderate recovery trend, th
Slide 16: Solar Panel Manufacturing Business 1: Manufacturing and Procurement Strategy
Plan for FY03/26 (Financial Period: April 1, 2025 to March 31, 2026) Solar Panel Manufacturing Business 1 Manufacturing and Procurement Strategy: Building a robust and competitive supply chain with a three-area structure FY06/24 FY03/25 FY03/26 (12 months) (9 months) (12 months) (Millions of yen) Fu
Slide 17: Solar Panel Manufacturing Business 2: Marketing and Sales Strategy
Plan for FY03/26 (Financial Period: April 1, 2025 to March 31, 2026) Solar Panel Manufacturing Business 2 Marketing and Sales Strategy: TOYO uses VSUN brand power in the US market while VSUN promotes diversification of the sales area Gain the US domestic demand using the VSUN sales Gain customers in
Slide 18: Solar Panel Manufacturing Business 3: Global Trend
Plan for FY03/26 (Financial Period: April 1, 2025 to March 31, 2026) Solar Panel Manufacturing Business 3 Global Trend: The trend of shifting main power source to mainly solar power and other renewable energies accelerating The US Market: Significant increase in new implementation of solar panels ov
Slide 19: Solar Panel Manufacturing Business 4: India Market
Plan for FY03/26 (Financial Period: April 1, 2025 to March 31, 2026) Solar Panel Manufacturing Business 4 India Market: Predicted to exceed the US and become 2nd in the world in volume of solar panels implemented in the next 5 years. Government support and net zero target boosted the growth Domestic
Slide 20: Green Energy Business 1: Business Strategy
Plan for FY03/26 (Financial Period: April 1, 2025 to March 31, 2026) Green Energy Business 1 Business Strategy: A year to focus on integration and qualitative improvements of profit of the Green Energy Business The sales of residential solar power generation for mass retailers will continue to be ro
Slide 21: Green Energy Business 2: New Business (Grid-connected batteries)
Plan for FY03/26 (Financial Period: April 1, 2025 to March 31, 2026) Green Energy Business 2 New Business (Grid-connected batteries business): Nine companies including WWB launched the construction of grid-connected batteries in Sapporo City in March 2025 Fore more detailed information, please refer
Slide 22: Green Energy Business 3: Market Size
Plan for FY03/26 (Financial Period: April 1, 2025 to March 31, 2026) Green Energy Business 3 Market Size：Amid the backdrop of the Government‘s measures for long-term renewable energy for sustainable power supply, the solar power market in Japan will expand gradually, becoming the main power source.
Slide 23: 4. Appendix
4．Appendix Copyright © 2025 Abalance Corporation
Slide 24: Financial Summary
Financial Summary Assets Liabilities・Net Assets (Millions of yen) (Millions of yen) Total non-current assets・Deferred assets Current assets(Other) Total net assets Notes receivable・Accounts receivable - trade Total non-current liabilities Inventories Total current liabilities Cash and deposits 150,1
Slide 25: Cash Flow
Cash Flow Operating, investing, and financing CF、Free CF、Cash & Cash Equivalents at the End of Period (Millions of yen) Operating Activities CF Investing Activities CF 44,757 Free CF Financing Activities CF 23,566 17,752 18,526 17,235 5,209 4,128 △ 608 △ 1,391 △ 2,144 △ 2,620 △ 1,999 △ 6,449 △ 5,446
Slide 26: Trend in Net Sales and Operating Profit (Full-year, By segment)
Trend in Net Sales and Operating Profit (Full-year, By segment) VSUN was included in consolidation starting 2Q of FY06/21. The Company has grown with the Solar Panel Manufacturing Business as its core business (Millions of yen) 〈 Trend of Net Sales and Operating Profit (margin)〉 250,000 215,284 208,
Slide 27: Disclaimer
Disclaimer ◼ The future outlook and estimated figures presented in this material are based on information available to our company at the time of its creation, as well as facts we recognized and results from our subsequent analyses, evaluations and calculations. ◼ While we have considered past confi
Slide 28: Abalance Corporation
Abalance Corporation Copyright © 2025 Abalance Corporation