Nissei Asb Machine Co,. Ltd. · TSE:6284
Nissei Asb Machine Co — FY2022 Earnings Presentation
53 slides from Nissei Asb Machine Co's earnings presentation, Nov 29, 2022
Slide 1: Financial Results Year Ending September 2022
Global Niche Top Company selected by Japanese Ministry of Economy, Trade and Industry Financial Results Year Ending September 2022 November 29, 2022 Nissei ASB Machine Co., Ltd. (TSE Prime market, Code Number 6284)
Slide 2: INDEX
2 INDEX I. Results for the year ending Sept. 2022 II. Financial forecast for the year ending Sept. 2023 III. Focus measures for the year ending Sept. 2023 IV. Other initiatives Reference Documents
Slide 3: I. Results for the year ending Sept. 2022
3 I. Results for the year ending Sept. 2022
Slide 4: Review of the period ending Sept. 2022
4 Review of the period ending Sept. 2022 Sales environment turned around from the 2nd half. Yearly amount of orders received resulted in second-highest record exceeding the previous period. Situation of orders received had been slow in the 1st half though, it recovered from the 2nd half. Yearly va
Slide 5: Financial Results (Summary)
5 Financial Results (Summary) Sales and profit decreased compared to peak figure of previous period, but achieved the disclosed forecast (Unit: million yen) Year on year Comparison [Reference] 2021/09 2022/09 Disclosed Amount Forecast Achieve- Total Total Rate of as Q1 Q2 Q3 Q4 of ment Change at Aug
Slide 6: Factors for Changes in Operating Profit
Factors for Changes in Operating Profit 6 (Year on Year Comparison) Increased material cost was passed on to product prices. Also benefitted form devalued yen. (Unit: million yen) Increase Decrease Total Changes in product mix Increase in transportation cost Increase in labor cost, etc. Decrease in
Slide 7: Orders Received and Order Backlogs by Product
Orders Received and Order Backlogs by Product 7 (Year on Year Comparison) Value of orders received for molds and parts each recorded the highest. Order backlogs exceeded that of the end of previous period in all product categories. (Unit: million yen) Year on year Comparison (Compared to the end of
Slide 8: Orders Received and Order Backlogs by Region
Orders Received and Order Backlogs by Region 8 (Year on Year Comparison) Steady orders in all regions. Order backlogs exceeded that of the end of previous period in all regions. (Unit: million yen) Year on year Comparison (Compared to the end of 2021/09 2022/09 previous period) Total Total Amount of
Slide 9: Long-Term Changes in Orders Received and Order Backlogs
9 Long-Term Changes in Orders Received and Order Backlogs Maintaining ¥30 billion-scale structure. Aiming for transition to next stage by enhancing competitiveness. Boost demands by market penetration of ZC and development of a mass-production machine model for beverages. Intend to further expand or
Slide 10: Long-Term Changes in Orders by Product (moving average)
Long-Term Changes in Orders Received and Order Backlogs 10 by Product (moving average) Orders for molding machines received influence of external factors, whereas orders for molds are progressing steadily [Graph: 4 point moving averages for quarterly figures] 8,000 【Molding Machine Orders】 7,000 6,0
Slide 11: Sales Comparison by Product
11 Sales Comparison by Product Recorded the highest sales of parts, and the second highest of molds (Unit: million yen) Year on Year Comparison 2021/09 2022/09 Total Total Amount Rate of Q1 Q2 Q3 Q4 of Change Change Stretch Blow 20,595 3,442 4,555 3,950 3,654 15,601 (4,993) (24.2%) Molding Machine T
Slide 12: Sales Trend by Product
12 Sales Trend by Product Sales of stretch blow molding machines and ancillary equipment decreased compared to peak figure of the previous year. Sales of molds and parts are progressing steadily. (Unit: million yen) India Factory 2 India Factory 3 Entry into India — Enhancement of production in Indi
Slide 13: Sales Comparison by Region
13 Sales Comparison by Region Decreased in all regions though, Americas and South / West Asia remain in higher level (Unit: million yen) Year on Year Comparison 2021/09 2022/09 Total Total Amount Rate of Q1 Q2 Q3 Q4 of Change Change Higher level Americas 11,871 2,055 2,550 3,444 2,405 10,454 (1,416)
Slide 14: Sales Trend by Region
14 Sales Trend by Region Standing firm on balanced sales composition with Europe, Americas and Asia India Factory 2 India Factory 3 Entry into India — Enhancement of production in India Chikumagawa Factory 米州 Americas 欧州 Europe 南・⻄アジア South / West Asia 東アジア East Asia (Unit: million yen) 40,000 35,89
Slide 15: Sales Trend by Molding Machine Category
15 Sales Trend by Molding Machine Category Sales of small / mid-sized machines remain in higher level. Large machines decreased slightly. No change in product mix. (Unit: million yen) 16,000 14,000 12,000 Small/mid-sized machines remain in higher level 10,000 8,000 6,000 4,000 2,000 0 2013/09 2013/9
Slide 16: Capital Investment/R&D Cost
16 Capital Investment/R&D Cost Continuing capital investment in India plant. Projects are carefully selected for R&D. (Unit: million yen) 2021/09 2022/09 total total Capital expenditure 2,192 2,892 Depreciation cost 1,556 1,654 R&D cost 800 495 Capital Expenditure Trend R&D Cost Trend 6,000 5,895 1,
Slide 17: Consolidated Balance Sheets (Overview)
17 Consolidated Balance Sheets (Overview) Continue to secure abundant current cash on hand prospecting future capital investment (Unit: million yen) 2021/09 2022/09 Amount of Change Current Assets 46,318 48,296 1,978 Cash, deposits, and securities 20,389 19,188 (1,200) Notes and accounts receivable-
Slide 18: Consolidated Statements of Cash Flows (Overview)
18 Consolidated Statements of Cash Flows (Overview) Cash and cash equivalents decreased though, maintaining almost the same capital level as in the previous period (Unit: million yen) 2021/09 2022/09 Cash flows from operating activities Cash flows from operating activities decreased due to increas
Slide 19: II. Financial forecast for the year ending Sept. 2023
19 II. Financial forecast for the year ending Sept. 2023
Slide 20: Financial Forecast for the Year Ending Sept. 2023
20 Financial Forecast for the Year Ending Sept. 2023 Aiming for increase in sales and profit backed by abundant order backlogs and strong inquiries (Unit: million yen) 2022/09 2023/09 Rate of Change Results Forecast Net sales 30,277 34,000 12.3% 5,556 6,500 Operating profit 17.0% (18.4%) (19.1%) 8,9
Slide 21: III. Focus measures for the year ending Sept. 2023
21 III. Focus measures for the year ending Sept. 2023
Slide 22: Focus Measures for the Year Ending Sept. 2023
22 Focus Measures for the Year Ending Sept. 2023 1.Sales 2.Production 3.Technology Major focus measures 1. Sales: Capturing demand / Expansion of market share Harvest inquiries received at K2022, the world’s largest exhibition Market penetration of ZC and QMC (Improvement of container productivi
Slide 23: Exhibited at the world's largest plastics exhibition K
23 Exhibited at the world’s largest plastics exhibition “K” (Oct. 2022, in Germany)
Slide 24: Exhibited at the world's largest plastics exhibition K
24 Exhibited at the world’s largest plastics exhibition “K” (Oct. 2022, in Germany)
Slide 25: Exhibition Report of K2022
1.Sales 25 Exhibition Report of K2022 2.Production 3.Technology Concept is “Sustainable Packaging Solutions” K show is the world’s largest trade fair for plastics and rubber held in Germany (Düsseldorf) once every three years Exhibited four concept machines and gained a high reputation, while ot
Slide 26: Exhibition Report of K2022: Reduce Reuse Recycle
1.Sales 26 Exhibition Report of K2022 2.Production 3.Technology Sustainable & High cycle Reduce Reuse Recycle High cycle Water Server bottle Returnable/ Refillable Unique Containers Preform production production PET bottles production produced on with Zero Cooling on on PF36/9-12000 on HSB-4N ASB-12
Slide 27: Exhibition Report of K2022: PF36/9-12000
1.Sales 27 Exhibition Report of K2022 2.Production 3.Technology Space-saving and high-productivity strategic machine for beverages Space Saving 22.3M2 = 1/2 Competitor Lightweight large “Preform machine” and “preform storage” Are not required. bottle production on PF36/9-12000 High Quality Container
Slide 28: Exhibition Report of K2022: Returnable Bottles HSB-4N
1.Sales 28 Exhibition Report of K2022 2.Production 3.Technology Reusable bottle: the lightest weight in its class, lifetime of greater than 25 reuse cycles Returnable/ Refillable High Quality & High Heat Resistance Volume shrinkage after 25 times trip is below 1% PET bottles production on HSB-4N rPE
Slide 29: Exhibition Report of K2022: ASB-12M-2INJ Unique Containers
1.Sales 29 Exhibition Report of K2022 2.Production 3.Technology Variety of unique containers by double layer molding process Glass Like Thick Base Container Evolved thick base by double layer process Unique Containers Presenting a feel of luxury produced on ASB-12M-2INJ Decoration Decoration by itse
Slide 30: Exhibition Report of K2022: PM-100/111N Preforms
1.Sales 30 Exhibition Report of K2022 2.Production 3.Technology Suitable for production of high quality preforms in small to medium scale High quality and speed by ZC ZC enables to mold high quality preforms in high cycle Preform production with Zero Cooling on Vertical Injection Clamping Our origin
Slide 31: Focus Measures: Sales - Major Exhibitions
Focus Measures for the Year Ending Sept. 2023 1.Sales 31 (1. Sales) 2.Production 3.Technology Actively exhibiting at the major exhibitions worldwide Major exhibitions Germany : Interpack 2023 Germany : K2022 Schedule : May 2023 Schedule : Oct. 2022 UAE : Gulfood Manufacturing 2022 Schedule : Nov. 20
Slide 32: Focus Measures: Enhancement of Container Productivity
Focus Measures for the Year Ending Sept. 2023 1.Sales 32 (1. Sales) 2.Production 3.Technology Enhancement of container productivity for customers Zero Cooling, transition to 2nd stage Enhancing sales promotion of Quick Mold Change [1st Stage] Market penetration of ZC…Progressing smoothly QMC : Quick
Slide 33: Optimization of Global Production System
Focus Measures for the Year Ending Sept. 2023 1.Sales 33 (2. Production) 2.Production 3.Technology Optimization of global production system India : Promotion of cost reduction and shortening delivery time by expanding production transfer from Japan Japan : Construction of flexible production system
Slide 34: Fullest Utilization of India Plant
Focus Measures for the Year Ending Sept. 2023 1.Sales 34 (2. Production) 2.Production 3.Technology Fullest utilization of India plant (Cost reduction / Shortening delivery time) Promoting capital investment and production transfer for cost reduction and shortening delivery time Investment in machi
Slide 35: Promotion of Cycle Up of PF36
Focus Measures for the Year Ending Sept. 2023 1.Sales 35 (3. Technology) 2.Production 3.Technology Promotion of cycle up of PF36 Mass-production of narrow-neck containers, featuring space-saving (about half the footprint of 2-step machines) and high-quality containers. Commemorable model which m
Slide 36: New Development / Cultivation of New Market
Focus Measures for the Year Ending Sept. 2023 1.Sales 36 (3. Technology) 2.Production 3.Technology New development / Cultivation of new market HDPE container Containers for vaccine (Vials) HDPE (High Density Polyethylene) is a plastic material which has strong chemical Using COP / COC as material pr
Slide 37: IV. Other initiatives
37 IV. Other initiatives
Slide 38: Other initiatives: ESG Management
38 Other initiatives Promotion of Environmental, Social, and Governance (ESG) management practicing corporate principles Corporate Principles Generate affluence for people and society Maintain company growth by providing high level technology and service Establishment of sustainability promotion
Slide 39: Other initiatives: Other ESG related topics
39 Other initiatives Other ESG related topics Introduction of Carbon-Free Electricity We introduced carbon-free electricity sourcing from renewable energy at our two factories in Japan, Head Office factory and Chikumagawa factory. By this introduction, CO2 emissions from both factories through elect
Slide 40: Thank you very much
40 Thank you very much General Affairs, NISSEI ASB MACHINE CO., LTD. Telephone： +81 (0)267-23-1560 Inquiries related to IR e-mail：ir-info@nisseiasb.com website︓ https://www.nisseiasb.co.jp/en/ Note regarding future outlook This document serves as an informational guide for investors and is not a sol
Slide 41: Reference Documents
41 Reference Documents
Slide 42: Company Overview
42 Company Overview Company Name NISSEI ASB MACHINE CO., LTD. Established 8 November 1978 Representative Representative Director, Chairman and CEO: Daiichi Aoki Representative Director, President and COO: Junichi Miyasaka Headquarters 4586-3 Koo, Komoro-shi, Nagano The development, manufacturing and
Slide 43: ASB's Business Areas
43 ASB's Business Areas Leading company in container development ASB’s area of expertise is in “Small Quantity / Multi-products / High Difficulty” Estimated Container Container Container Filling Distribution Retail Composition R&D Molding Production Variety Difficulty Consumer Volume ratio Small Mor
Slide 44: ASB's Business Areas: 1-Step Molding Machines
44 ASB's Business Areas Attention increases for 1-step molding machines Our areas of expertise expands through technical improvement in line with environmental changes and diversification of needs Capable of offering high value-added containers Container Expansion of demand for 1-step machines from
Slide 45: Examples of Containers Molded by our Machines
45 Examples of Containers Molded by our Machines Wide varieties of containers for living necessities Category Examples Beauty lotion, milky lotion, moisturizing lotion, perfume, mascara, hair- Cosmetics care and skin-care products, etc. Soy-sauce, sauce, ketchup, mustard, dressing, seasonings, spice
Slide 46: PET Bottle Production Method
46 PET Bottle Production Method ASB’s area of expertise is 1-step machine 1-Step machine Features of 1-Step machine PET container can be produced in one machine Small investment cost, small footprint Superiority in production of variety of containers in small- to mid-sized lots Suitable to p
Slide 47: Zero Cooling System
47 (The most remarkable success in epoch-making development ever Zero Cooling System since ASB’s establishment) Zero Cooling System, a technology that improves productivity and container quality Conventional Container production cycle production process Injection molding process Machine 1. Preform m
Slide 48: Changes in Business Activities
48 Changes in Business Activities Produced many industry-first technologies since its establishment Constructed a firm business foundation in technology, sales and production Production 2021 Acquired a building site for a new factory 2018 Chikumagawa factory Established a foundation began operations
Slide 49: Why Customers Support Us
49 Why Customers Support Us “Ironclad cycle” of trust from customers, created through 40 years of business End-Users Differentiation of own-product (High-end-oriented / Originality) Container development abilities Container Manufacturers Technical development Trust from Advanced / Complicated Trinit
Slide 50: Efforts Addressing the Environmental Issues
50 Efforts Addressing the Environmental Issues Leading the industry with efforts to environment-conscious technologies since its establishment Our molding machines are applicable to many kinds of plastic materials Promoting technological development for the “3R + Renewable” concept and supplying
Slide 51: Efforts Addressing the Environmental Issues: Plastic Regulations
51 Efforts Addressing the Environmental Issues Trends addressing plastic issues by countries Resource Circulation Strategy for Plastics (abstract) Suppress use of single-use plastics by 25% in accumulation by 2030 Japan Reuse or recycle 60% of plastics packaging by 2030 Effectively utilize 100
Slide 52: Consolidated Performance of Previous Years
52 Consolidated Performance of Previous Years (Unit: million yen, yen, %) 2014/09 2015/09 2016/09 2017/09 2018/09 2019/09 2020/09 2021/09 2022/09 Amount % Amount % Amount % Amount % Amount % Amount % Amount % Amount % Amount % Net Sales 22,605 100.0 25,396 100.0 25,526 100.0 29,289 100.0 27,834 100.
Slide 53: General Affairs, NISSEI ASB MACHINE CO., LTD.
53 General Affairs, NISSEI ASB MACHINE CO., LTD. Telephone: +81 (0)267-23-1560 Inquiries related to IR e-mail: ir-info@nisseiasb.com Website: https://www.nisseiasb.co.jp/en/