Torishima Pump Mfg.co., Ltd. · TSE:6363
Torishima Pump Mfg.co — Q2 FY2014 Earnings Presentation
18 slides from Torishima Pump Mfg.co's earnings presentation, Nov 13, 2014
Slide 1: Consolidated Financial Results for the Q2 FY2014
Company LOGO Consolidated Financial Results for the Q2 FY2014 (April 1st 2014 ~ September 30 2014) < 13 November 2014 > TORISHIMA PUMP MFG.CO.,LTD. Securities Code : 6363 www.torishima.co.jp/en
Slide 2: Financial Results Outline for the 2Q FY2014
Financial Results Outline for the 2Q FY2014 - Sales, Operating income, Ordinarily income, Net income were almost as planned - Orders received decreased nearly 30% year-over-year ( in billion yen ) vs. Previous FY vs. plan Orders received 21.4 ( ▲26.5% ) ( ー ) Sales 17.9 ( +0.7% ) ( +5.6% ) Ope
Slide 3: Financial Results for the 2Q FY2014
Financial Results for the 2Q FY2014 Overall, almost as planned, except for decreased orders received. This is primarily due to our effort for *strategically-planned orders received that prioritizes profit rate and quantitative restriction on orders. *hereinafter called “Strategic Orders Received” 1.
Slide 4: Financial Results for the 2Q FY2014 (Non-consolidated / Subsidiaries)
Financial Results for the 2Q FY2014 (Non-consolidated / Subsidiaries) -Breakdown into the non-consolidated results and the subsidiaries results -Non-consolidated made a loss, subsidiaries made a profit as previous fiscal year. -Decline in gross profit margin is primarily due to provision for product
Slide 5: Analysis of gross profit margin for the 2Q FY2014 (non-consolidated)
Analysis of gross profit margin for the 2Q FY2014 (non-consolidated) - Gross profit margin declined primarily due to release of provision of 180 million yen (1.4%) in FY2013 and reverse of provision of 240 million yen (1.8%) in FY2014, resulting in a total of 3.2% decline. -Subsequently, without the
Slide 6: Factor of increase and decrease in consolidated operating income
Factor of increase and decrease in consolidated operating income FY2013 FY2014 first half first half （in million yen) Operating ▲901 income Decline in ▲1,034 gross profit margin (17.8 billion yen×▲1.2％） Decline in operating Decreased income SG&A expenses ＋23 ▲201 ▲133 Increased sales ＋46 （+0.1 bln¥×
Slide 7: Factor of increase and decrease in non-consolidated operating income
Factor of increase and decrease in non-consolidated operating income - Declined gross profit margin by 3.4%. The details as page5 shows. FY2013 FY2014 first half first half （in million yen) Operating income ▲1,525 Decline in ▲1,812 gross profit margin (13.0 million yen×▲3.4％） Decline in Decreased op
Slide 8: Standardization initiative
Standardization initiative Restructuring of manufacturing process 7:3 Rule Standardization initiative TIS Project Platform development ・orders received increased sharply Launched in June 2013 ・TIS project into a mess problems system defects found -> program correction ⇒ much busier and delayed in st
Slide 9: FY2014 full-year outlook
FY2014 full-year outlook Improvement of non-consolidated performance is the key to this fiscal year. Page 9 to 14 describe its current situations and the outlook. The following is a scenario shown at the previous full-year earnings announcement on 14 May 2014 about improvement outlook of profitabili
Slide 10: 1. Sales outlook (increase)
1. Sales outlook (increase) Reviewed the original outlook of 2.0-3.0 bln¥UP Outlook to the same level (36bln¥) as previous fiscal year 1. Orders received y-o-y considerably decreased due to * the Strategic Order Received （2Q orders received decreased ▲7.6 billion yen) Reasons *”Quantity control” tha
Slide 11: 2. Improvement of gross profit margin
2. Improvement of gross profit margin (non-consolidated) Outlook Reviewed the original outlook of 3-4%UP to 2-3%UP While depreciation of the yen and the Strategic Orders Received that prioritize Reasons profit rate improved gross profit margin, imported material costs were adversely affected by weak
Slide 12: 3-1. Decline in SG&A expenses (non-consolidated)
3-1. Decline in SG&A expenses (non-consolidated) 【IT system related costs】 Although IT system related costs had been ballooning at the time of introduction of the system, it has been gradually stabilized in this fiscal year, reducing the expenses. System introduction related costs Depreciation cost
Slide 13: 3-2 Decline in SG&A expenses (non-consolidated)
3-2 Decline in SG&A expenses (non-consolidated) Outlook Reviewed the original outlook of approx. 0.3 billion yen DOWN to approx. 0.5 billion yen DOWN Reasons -Decrease in IT system related costs -Decrease in other SG&A expenses in million yen First half Second half Full-year results outlook outlook
Slide 14: FY2014 full-year outlook
FY2014 full-year outlook (consolidated / non-consolidated) 【Outlook for non-consolidated profitability improvement】 Non-consolidated profitability improvement was prospected for a total of 1.8 – 2.0 billion yen as of FY2013 earnings announcement , however, it would remain at 1.4 billion yen on the b
Slide 15: FY2014 full-year outlook
FY2014 full-year outlook With regard to sales, non-consolidated outlook is downgraded, consolidated outlook is also reviewed to 46 billion yen. 3. Consolidated in billion yen FY2013 FY2014 Full-year First half Second half Full-year results results outlook outlook Orders received 52.8 21.4 examinatio
Slide 16: Orders received by segment (Consolidated)
Orders received by segment (Consolidated) - High-tech pumps slightly decreased partly because of the Strategic Orders Received. -Service business steadily increased driven by the past results, service network expansion and strengthened operating activities etc.. High-tech pumps Projects Service Solu
Slide 17: Global Network
> Global Network TORISHIMA EUROPE LTD. TORISHIMA EUROPE PROJECTS LTD. TORISHIMA SERVICE SOLUTIONS EUROPE LTD. ■■ TORISHIMA BEIJING OFFICE FLUID EQUIPMENT TORISHIMA TIANJIN LTD. ■■ DEVELOPMENT COMPANY, LLC TORISHIMA EUROPE LTD. POLAND OFFICE ADVANCED PUMPS INTERNATIONAL LLC TORISHIMA PUMPS TORISHIMA
Slide 18: Inquiries
Forecasts regarding future performance in these materials are based on judgment made in accordance with information available at the time this presentation was prepared. Therefore, please notice that there is a risk or uncertainty that the actual results may be different from these predicted results
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