Y.a.c.holdings Co.,ltd. · TSE:6298
Y.a.c.holdings Co.,ltd — H1 FY2024 Earnings Presentation
54 slides from Y.a.c.holdings Co.,ltd's earnings presentation, Nov 22, 2023
Slide 1: Presentation on interim financial results of financial year 2024
Presentation on interim financial results of financial year 2024. Nov.22, 2023 Y.A.C. HOLDINGS Co., Ltd. （ZIP：6298 TSE Prime） https://www.yac.co.jp Copyright ©2017 Y.A.C. HOLDINGS CO., LTD. All rights reserved Y.A.C. HOLDINGS CO., LTD.
Slide 2: Notes regarding future prospect
▲Notes regarding future prospect. The prospects described in this document is based on the information we have as of the time this document is published, and the actual result may differ from such prospects due to various unexpected factors. semiconductor business which we are involved is the busine
Slide 3: Contents
Contents 1.Greetings MOMOSE Takefumi Representative Director, Chairman and President, Y.A.C.HOLDINGS CO., LTD. 2.Summary of financial results of 6 months HATAKEYAMA Osamu, Director a board member of ended from Apr.1st,2023. Y.A.C. HOLDINGS CO., LTD. 3.Outline of financial results of 6 months HATAKEY
Slide 4: 1. Greeting
１. Greeting. MOMOSE Takefumi, Representative Director, Chairman and President, Y.A.C. HOLDINGS CO., LTD. Copyright ©2017 Y.A.C. HOLDINGS CO., LTD. All rights reserved Y.A.C. HOLDINGS CO., LTD.
Slide 5: Greetings
１．Greetings １．Very Thanks for your support. On May 11, 2023, we were able to safely celebrate our 50th anniversary. We would like to thank everyone for your long-term support so far, and ask for your continued guidance. ２．Highest sales and highest profit. We have been aiming for record high sales an
Slide 6: 2. Summary of financial results 6 months ended Apr.1, 2023
２. Summary of financial results 6 months ended from Apr.1, 2023. HATAKEYAMA Osamu Director and Managing Operating Officer, Y.A.C. HOLDINGS CO., LTD. Copyright ©2017 Y.A.C. HOLDINGS CO., LTD. All rights reserved Y.A.C. HOLDINGS CO., LTD.
Slide 7: 2-① Summary
２-① Summary １．Overall overview. As of now, the financial results for the second quarter are progressing smoothly with "increase in sales and profits" On the other hand, due to "sluggish sales growth" influenced by the sluggish orders and the economic slowdown in China, The full-year earnings forecas
Slide 8: 2-② Summary
２-② Summary ３．Main topics in the second quarter financial results. Regarding Lynas, one mounter was shipped on August 10th. Currently in operation at NJ Lab. Okura Electric acquired a distributor in the Hokkaido area. Recorded negative goodwill of 263 million yen. ４．About order status. Orders receiv
Slide 9: 3. Outline of financial results
３. Outline of financial results 6 months ended from Apr.1,2023. HATAKEYAMA Osamu, Director and Managing Operating officer, Y.A.C. HOLDINGS CO., LTD. Copyright ©2017 Y.A.C. HOLDINGS CO., LTD. All rights reserved Y.A.C. HOLDINGS CO., LTD.
Slide 10: 3-① Consolidated P/L Summary
３-① Consolidated P/L Summary 【Topics】 Sales & Profit increased：Due to the combination of increased sales and cost reductions, gross profit improved in both amount and percentage. As a result, overall profits increased Gross profit increase (+518M) = Margin improvement factor (+389M) + Sales increase
Slide 11: 3-② Consolidated P/L as references
３-② Consolidated P/L as references 【Historical profit & loss for past 6 years】 Gross profit is the 10 years historically highest due to improvement of profit ratio. （Millions of ¥） 6 months 6 months 6 months 6 months 6 months 6 months ended ended ended ended ended ended Sep.2018 Sep.2019 Sep.2020 Se
Slide 12: 3-③ Consolidated P/L Segment information
３-③ Consolidated P/L Segment information 【Topics】 The display division posted consecutive operating profits in 1Q (+56M) and 2Q (+248M) after the April 1 merger. （Millions of ¥） Segment Sub total Adjustment Total Industrial Mechatronics Display Electronics machinery Sales/ 6,055 952 371 3,696 11,075
Slide 13: 3-④ Sales by region and segment
３-④ Sales by region and segment. 【Topics】 Currently, sales to China are decreasing remarkably. ① 6 months ended Sep. 30, 2022 ② 6 months ended Sep. 30, 2023 Increase decrease Industrial Industrial total Mechatronics Display Electronics Mechatronics Display Electronics machinery machinery Japan 3,012
Slide 14: 3-⑤ Consolidated B/S
３-⑤ Consolidated B/S （Millions of ¥） AS of Sep.30, 2022 AS of Mar.31, 2023 AS of Sep.30, 2023 Increase(Decrease) Current assets 28,097 30,108 31,592 1,483 Noncurrent assets 8,217 8,631 10,573 1,941 Assets total 36,315 38,740 42,165 3,424 Current liabilities 13,798 13,680 17,272 3,592 Fixed liabiliti
Slide 15: 3-⑥ Consolidated cash flow
３-⑥ Consolidated cash flow 【Topics】 The deterioration in operating C/F is due to working capital factors. Operating C/F (-87M) = Profit and loss factor (+890M) + Working capital factor (-977M) （Millions of ¥） 6 months ended 6 months ended 6 months ended Increase/Decrease Sep.2021 Sep.2022 Ⅰ Sep.2023
Slide 16: 3-⑦ Status about new order received
３-⑦ Status about new order received. 【Topics】 New order received in Sep.：Big decrease comparing to the previous same period(-4.8 Billion¥) Backlog ordered as of end of Sep.：Increase comparing to the previous same period, however decrease comparing to the previous Mar. end by 1.1Billion¥ （Millions of
Slide 17: 3-⑧ Consolidated financial forecast revision for the year ending Mar.31, 2024
３-⑧ Consolidated financial forecast revision for the year ending Mar.31, 2024 Consolidated financial forecast revision for the year ending Mar.31, 2024 (Apr.1, 2023 to Mar.31, 2024) Profit Operating Ordinary attributable Net income Sales income income to per share owners of parent Previous forecast
Slide 18: Consolidated financial forecast revision for the year ending Mar.31, 2024
Consolidated financial forecast revision for the year ending Mar.31, 2024 Copyright ©2017 Y.A.C. HOLDINGS CO., LTD. All rights reserved Y.A.C. HOLDINGS CO., LTD.
Slide 19: 3-⑨ Cash dividend to be paid forecast
３-⑨ Cash dividend to be paid forecast 【Topics】 No revision, planning to pay ¥75 per share. Dividend per share Dividend pay out Profit per share ratio 2nd quarter Year-end end Sep. 2022 ¥36 ¥12 ¥24 ¥121.49 22.1% ⓵Mar. 2023 ¥75 ¥25 ¥50 ¥100.57 74.6% ②Mar. 2024 ¥75 ¥35 ¥40 ¥228.64 32.8% Increase /Decre
Slide 20: 4-① Mechatronics related business
Segment information. ４-① Mechatronics related business. ITO Toshihiko, Director and Deputy President, Y.A.C. HOLDINGS CO., LTD. Representative director and President, Y.A.C. MECHATRONICS CO., LTD. Copyright ©2017 Y.A.C. HOLDINGS CO., LTD. All rights reserved Y.A.C. HOLDINGS CO., LTD.
Slide 21: Mechatronics related business (1st half analysis)
４-① Mechatronics related business (1st half of a year analysis) Millions of ¥ 6 months ended Sep.2023 7,000 800 ●Y on Y, Sales decreased by 4% however 6,000 700 profit increased by 24%. 600 5,000 ●Analysis 500 ①HDD related new capital investment was still postponement. 4,000 ②Clean conveyer and othe
Slide 22: Mechatronics related business target of this year, measure
４-① Mechatronics related business Target of this year, measure Millions of ¥ Targets of the FY Mar.2024 and measure 8,000 ●Sales:¥13,500 million. 7,000 ●Concern. 6,000 ①New capital investment for HDD may be postponed this year either. 5,000 ②Electronics related business may gradually recover. 4,000
Slide 23: 4-② Display related business
Segment Information. ４-② Display related business. AOKI Yasuhiro Operating Officer, Y.A.C. HOLDINGS CO., LTD. Representative Director & President, YAC Denko Co., Ltd. Copyright ©2017 Y.A.C. HOLDINGS CO., LTD. All rights reserved Y.A.C. HOLDINGS CO., LTD.
Slide 24: Display related business 1st half analysis
４-② Display related business 1 half of year analysis. st 6 months ended Sep.2023 単位：Ｍ円 3,000 ■Market. In the display market, the recovery of panel demand will be delayed, and capital investment 2,500 will tend to be postponed until next fiscal year. Expectations are high for capital investment as 2,
Slide 25: Display related business target of this year and measures
４-②Display related business Target of this year and measures Millions of ¥ Target of this FY year and measures 8,000 ●Sales：¥6 Billion. 7,000 ●Concerns ① Further postpone new capital investment. 6,000 for FPD manufacturing facilities. ② Delay of recovery of display panel. 5,000 ③ Further down of gro
Slide 26: 4-③ Industrial machinery
Segment information. ４-③ Industrial machinery. SOEJIMA Yukio Operating Officer, Y.A.C. HOLDINGS CO., LTD. Representative Director & President Y.A.C. MACHINERY CO., LTD. Copyright ©2017 Y.A.C. HOLDINGS CO., LTD. All rights reserved Y.A.C. HOLDINGS CO., LTD.
Slide 27: Industrial machinery related business 1st half analysis
４-③ Industrial machinery related business 1st half of year analysis Millions of ¥ 6 months ended Sep. 2023 600 0 We absorbed JE International-related 500 -50 business in April, but orders decreased. As a result, the deficit became big. ●In the home cleaning business, the number of 400 -100 factories
Slide 28: Industrial machinery target of this year and measures
４-③ Industrial machinery related business Target of this year and measures Target of this FY and measures Millions of ¥ 600 ⚫ Sales: ¥1.5 Billion. ●Increase orders for home cleaning services. In the first half, factories operate and services increased. 500 Demand for the equipment will start in the
Slide 29: 4-④ Electronics related business
Segment information. ４-④ Electronics related business. OHKURA Akihiro, Director & Senior managing operating officer, Y.A.C. HOLDINGS CO., LTD. Representative Director and President, Ohkura Electric Co., Ltd. Copyright ©2017 Y.A.C. HOLDINGS CO., LTD. All rights reserved Y.A.C. HOLDINGS CO., LTD.
Slide 30: Electronics related business 1st half analysis
４-④Electronics related business 1st half of year analysis 6 months ended Sep. 2023 Millions of ¥ 4,500 400 ①In the electronics related business as a whole, the production of dialysis machines, which had 4,000 350 been struggling due to procurement of parts, has stabilized, and electricity-related sa
Slide 31: Electronics related business target
４-④ Electronics related business Target Target of this FY and measures. Millions of ¥ 10,000 Sales: ¥9 Billion Concerns 9,000 ① Smooth material procurement and 8,000 production system mainly on dialysis 7,000 machines. ②Secure long-term delivery parts for 6,000 semiconductor devices. 5,000 ③Secure p
Slide 32: 5. Summary of 2nd Q of FY Mar. 2024, year targets and strategies
5. Summary of 2nd Q of FY Mar. 2024. Year targets and strategies of FY Mar.2024. MOMOSE Takefumi Representative Director, Chairman and President, Y.A.C. HOLDINGS CO., LTD. Copyright ©2017 Y.A.C. HOLDINGS CO., LTD. All rights reserved Y.A.C. HOLDINGS CO., LTD.
Slide 33: Management policy: corporate philosophy
1. Management policy (2) Corporate philosophy Founding Philosophy (established in 1973) ①Company with technology oriented. Continuous ②Company with strong vitality. development ③Company with challenging spirit against various risks. ④Company with principal that small but highly skilled work force. P
Slide 34: Our company which pursues our corporate philosophy
5-② Our company which pursue our corporate philosophy . １．Targets of our company in pursuit of our corporate philosophy. a) Continuous develop. For employee and their family. b) Making loss is social Making loss is the most shameful for ills. management. c) Contribution to society. Continuous growin
Slide 35: Corporate outline: group companies
2. Corporate outline (3) Group companies Group companies YAC Mechatronics Co., Ltd. Suzhou Nihon Garter Electronics YAC Garter Co., Ltd. Co., Ltd. （Suzhou, PRC） Mechatronics Garter Technology Co., Ltd. YAC DAStech, Inc. Related （Taiwan） NIHON GARTER PHILIPPINES, YAC Beam Co., Ltd. INC. Y.A.C. Holdin
Slide 36: FY of 50 years anniversary business forecast
５-④．FY of 50 years anniversary. Business forecast. （１）Budget by segment, FY Mar.2024. （Millions of ¥） Backlog ordered at Sales budget Ratio of backlog to Segment FY 2023 the previous FY year sales budget end Mechatronics 13,500 7,512 55.6% Display 6,000 8,542 142.4% Industrial 1,500 144 9.6% machine
Slide 37: Strategies to achieve the targets
５-⑤．Strategies to achieve the targets. （２）FY Mar.2024, strategies to go exceed the budget. (1)To promote 4 big theme (Appointment of promotion committee members) ①Increasing the number of contacting points. １．Marketing innovation. ②Organized sales activities and Increase efficiency. ① Complete execu
Slide 38: Strategies of growth to FY2030
5-⑥ Strategies of growth to FY2030. １．Basic strategy for growth. (1) Sectoral ratio to growth. 5% upper. ① Growth in existing fields. （+¥5 billion by 2030.） ② Growth through the 60% upper completion of mass-produced （+¥45 billion by new production. 2023.)） 30% upper. ③M&A and alliance. （+¥25 billion
Slide 39: Strategies of growth to FY2030: 10 billion yen projects
5-⑦ Strategies of growth to FY2030. (4) Y.A.C. Group’s company that challenge to exceed 10 billion yen (high possibility) ①Dialyzer ・・・・・・・・・・・・・・・・・・・・・・・・・・・ Elecs (Mr.Hanaki) Project ② Joint business with Linus ・・・・・・・・・・・・・・・・・・ (Mr. Takahashi, Leader) ③ Display ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ Den
Slide 40: Strategies of growth to FY2030: Business with Linus Bio
5-⑧. Strategies of growth to FY2030. Business with Linus Bio. １．Basic contract. ・・・Proceeding the joint business between the two companies.(We invested ¥1 billion.) ２．Description of business・・・・Inspection for various diseases. ＜Diseases targeted for the time being＞ ①Autism ④PD（Parkinson’s disease） ②
Slide 41: New growth strategy toward the 100th anniversary
5-⑨ New growth strategy toward the 100th anniversary To the 100th anniversary (year of 2073) Aim to over ¥3 Trillion of sales. 1. Expansion of ongoing 10 billion yen project. (１)Linus （５） Carrier tape (２)Biodegradation （６）Display (３)Dialyzer （７）Dementia early detection device (４)Power semiconductor
Slide 42: APPENDIX
APPENDIX Copyright ©2017 Y.A.C. HOLDINGS CO., LTD. All rights reserved Y.A.C. HOLDINGS CO., LTD.
Slide 43: The target of FY Mar.2024 (Business plan)
６-①．The target of FY Mar.2024.(Business plan) YoY （単位：百万円） YoY FY Mar.2021 FY Mar.2022 FY Mar.2023 FY Mar.2024 comparison comparison Results. Results. Results. Forecast. amount ratio forecast. forecast. Sales 24,195 22,796 24,114 30,000 5,885 24.4% Operating 727 1,566 1,495 3,000 1,504 100.5% income
Slide 44: New order received and backlog ordered by business
６-② New order received and backlog ordered by business. （Consolidated ） （Millions of ¥） 6 months ended 6 months ended YoY comparison YoY comparison from Apr.1, 2022. from Apr.1, 2023. amount . ratio. New order Mechatronics received 7,447 4,928 -2,518 -33.8% related. Backlog 6,792 7,462 670 9.9% orde
Slide 45: New order received and backlog ordered by business (backlog vs sales)
６-③ New order received and backlog ordered by business. (Consolidated) ＜Relationship between backlog of orders at the end of the previous fiscal year and End of Sep. sales for the current fiscal year＞ FY Mar.2024 2023 backlog （Millions of ¥） sales forecast ordered still 40,000 Previous year end back
Slide 46: Business results
６-④．Business results （Millions of ¥） 6 months ended 6 months ended YoY comparison YoY comparison from Apr.1, 2022. from Apr.1, 2023. amount . ratio. Sales 10,976 11,506 530 4.8% Operating 473 710 income 237 50.2% （4.3%） （6.2%） （Ratio） Ordinary income 577 861 283 49.1% Profit attributable to owners o
Slide 47: Sales and profit by business
６-⑤．Sales and profit by business. （Millions of ¥） 6 months 6 months YoY YoY ended from ended from comparison comparison Remarks Apr.1, 2022. Apr.1, 2023. amount . ratio. Sales of automatic transport Mechatronics Sales 5,719 4,978 -201 -3.9% equipment and ion beam milling equipment were strong. relat
Slide 48: Historical comparison of B/S
６-⑥． Historical comparison of B/S ＜Assets＞ （Millions of ¥） As of Mar.31, As of Sep.30, Increase/ Remarks 2023 2023 decrease Cash and deposits 6,628 5,832 -795 Accounts receivable 11,282 11,405 123 Inventories 11,181 13,287 2,105 Active purchasing for long-term delivery Other current assets 1,015 1,0
Slide 49: Progress of sales budget of FY Mar.2024
６-⑦．Progress of sales budget of FY Mar.2024. ＜FY Mar. 2024 progress of sales budget by business＞ （Millions of ¥） Full year sales budget. （Millions of ¥） Backlog ordered as of Sep. 2023. 16,000 40,000 Sales 6 months to end of Sep. 2023 Sales 3 months ended to Jun. 2023. 35,834 13,500 13,329 14,000 35
Slide 50: Sales by quarter
６-⑧．Sales by quarter. ＜reference＞Past quarterly sales trends. （Millions of ¥ 4th Q（Jan. To Mar.） 40,000 3rd Q (Oct. to Dec.） 36,025 2nd Q（Jul. to Sep.） 1st Q（Apr. to Jun.） 35,000 28,871 30,000 9,349 （Forecast） 30,000 24,195 22,796 24,114 25,000 21,914 10,321 10,698 6,488 20,000 7,332 First half sale
Slide 51: Quarterly sales by business
６-⑨ Quarterly sales by business. sales Industrial machinery related （Millions of ¥） Display related 8,000 Electronics related 7,332 6,821 Mechatronics 343 6,714 7,000 related 6,327 331 6,075 798 272 243 5,805 6,000 266 608 260 1,450 2,033 4,900 4,748 4,899 1,224 4,792 5,000 992 127 318 150 2,731 220
Slide 52: New order received by quarter
６-⑩．New order received by quarter. <Reference> Past trends in quarterly new orders received （Millions of ¥） 4th Q（Jan. to Mar.） 35,000 3rd Q（Oct. to Dec.） 2nd Q（Jul. to Sep.） 30,425 1st Q（Apr. to Jun.） 28,632 30,000 26,407 7,501 [Special factors] 25,000 8,112 In the first quarter of the previous yea
Slide 53: Quarterly new order received by business
６-⑪．Quarterly new order received by business. New order Industrial machinery related （Millions of ¥） received. Display related 10,000 Electronics related 9,071 Mechatronics related 9,000 267 7,780 8,112 7,668 1,390 7,736 7,501 8,000 286 291 260 262 218 7,000 987 2,622 6,115 1,291 6,028 2,262 2,171 6
Slide 54: Well, Today should be a Fascinating and Prosperous Day, again!
Well, Today should be a Fascinating and Prosperous Day, again ! Flexible high technology company Y.A.C. Group Copyright ©2017 Y.A.C. HOLDINGS CO., LTD. All rights reserved Y.A.C. HOLDINGS CO., LTD.