Daifuku Co., Ltd. · TSE:6383

Daifuku — FY2024 Earnings Presentation

29 slides from Daifuku's earnings presentation, Feb 14, 2025

  1. Slide 1: Consolidated Financial Results, Fiscal Year Ended December 31, 2024

    Fiscal Year Ended December 31, 2024 (April 1, 2024–December 31, 2024) Consolidated Financial Results February 14, 2025 Prepared in accordance with accounting principles generally accepted in Japan Translated from the original Japanese-language document [6383]

  2. Slide 2: Change in Fiscal Year-End

    Change in Fiscal Year-End Effective with the resolution passed at the Ordinary General Meeting of Shareholders held on June 21, 2024, the fiscal year-end of the Company has been changed from March 31 every year to December 31 every year. The fiscal year ending December 31, 2024, a transitional perio

  3. Slide 3: Financial Summary

    Financial Summary Fiscal 2024 results Orders received Net sales Operating income Operating margin ¥ 594.7 billion ¥ 563.2 billion ¥ 71.5 billion 12.7% Change* Change* Change* Change* +¥ 32.8 billion +¥ 32.6 billion +¥ 19.0 billion + 2.8pt +5.8％ +6.1％ +36.3％ Orders increased, benefiting from a favora

  4. Slide 4: Financial Results

    01 Financial Results © Daifuku Co., Ltd. 3

  5. Slide 5: Fiscal 2024 Results (April 1-December 31, 2024)

    Fiscal 2024 Results (April 1ｰDecember 31, 2024) Operating income, ordinary income, and net income attributable to shareholders of the parent company reached new record highs for three years in a row. The net income margin reached the 10% range for the first time. FY2023 adjusted* FY2024 Change [b-a]

  6. Slide 6: Factors for Change in Operating Income

    Factors for Change in Operating Income The gross margin was closely aligned with efforts to reduce costs, including steps to increase production efficiency, which have been made since the 01 previous business plan, and also benefited from an increase in sales of cleanroom system for legacy semicondu

  7. Slide 7: Results by Reportable Segment

    Results by Reportable Segment Daifuku Daifuku North America Orders and sales remained favorable. Segment income increased, the result of efforts Orders were strong for airport systems but declined from the previous fiscal 01 to reduce costs, including steps to increase production efficiency, which h

  8. Slide 8: Consolidated Balance Sheets

    Consolidated Balance Sheets (Billion yen) Mar. 31, 2024 Dec. 31, 2024* Change (Billion yen) Mar. 31, 2024 Dec. 31, 2024* Change Current assets 496.4 531.5 +35.1 Current liabilities 211.3 214.2 +2.8 Cash on hand and Notes and accounts in banks 142.0 221.5 +79.4 80.5 81.7 +1.1 payable Notes and accoun

  9. Slide 9: Consolidated Statements of Cash Flows

    Consolidated Statements of Cash Flows (Billion yen) Operating activities Investing activities (Billion yen) FY2023 FY2024* 1 Change Financing activities Free cash flow 116.1 113.7 Cash flows from operating activities 37.1 116.1 +79.0 100.0 Cash flows from investing activities -29.5 -2.3 +27.1 37.1 5

  10. Slide 10: Orders Received, Net Sales, and Operating Margin

    Orders Received, Net Sales, and Operating Margin Orders received Net sales Operating margin (Billion yen) 12.7% 9.8% 9.8% 10.2% 737.4 601.9 620.3 611.4 589.0 594.7 563.2 512.2 FY2021 FY2022 FY2023 FY2024* * The consolidation period differs. For details, see “Change in Fiscal Year-End” on page 1. © D

  11. Slide 11: Orders by Destination

    Orders by Destination China South Korea, Taiwan 01 Orders declined for cleanroom 02 Orders were driven by cleanroom systems for the semiconductor systems for the semiconductor sector. sector. FY2021 FY2022 FY2023 FY2024* (Billion yen) Orders % of total Orders % of total Orders % of total Orders % of

  12. Slide 12: Sales by Destination

    Sales by Destination China 01 Sales were driven by cleanroom systems for the semiconductor sector. FY2021 FY2022 FY2023 FY2024* (Billion yen) Sales % of subtotal Sales % of subtotal Sales % of subtotal Sales % of subtotal Japan 182.7 35.5% 197.2 32.9％ 200.4 32.7% 144.6 25.9% Non-Japan 332.0 64.5% 40

  13. Slide 13: Orders by Industry

    Orders by Industry Electronics Airport 01 Orders increased due to a recovery 02 Orders were strong in North in investment in advanced America. semiconductors. FY2021 FY2022 FY2023 FY2024* (Billion yen) Orders % of total Orders % of total Orders % of total Orders % of total Automobile, auto parts 57.

  14. Slide 14: Sales by Industry

    Sales by Industry Electronics Airport 01 Sales were strong in cleanroom 02 Sales were strong in North America. systems for legacy semiconductors. FY2021 FY2022 FY2023 FY2024* (Billion yen) Sales % of subtotal Sales % of subtotal Sales % of subtotal Sales % of subtotal Automobile, auto parts 59.0 11.

  15. Slide 15: Liabilities, Fixed Costs, Employees (Consolidated)

    Liabilities, Fixed Costs, Employees (Consolidated) YoY (Billion yen) FY2021 FY2022 FY2023 FY2024*2 change Total liabilities 26.3 11.4 70.6 63.3 -7.2 Short-term 22.4 10.3 9.4 2.3 -7.0 Long-term 3.9 1.1 61.1 61.0 -0.1 D/E ratio*1 (times) 0.09 0.03 0.20 0.16 － Fixed costs 119.7 138.6 148.3 145.7 -2.5 P

  16. Slide 16: Financial Condition

    Financial Condition Net assets ROE Retained earnings increased by 38.8 billion yen and foreign currency translation ROE increased 1.9 pt, mainly due to the increase in net income and the 01 adjustments increased by 13.4 billion yen, resulting in an increase of 39.6 02 purchase of treasury stock of 1

  17. Slide 17: Quarterly Orders, Sales, and Operating Margin

    Quarterly Orders, Sales, and Operating Margin Orders received Net sales Operating margin 14.4% 13.8% 12.8% 11.2% 11.5% 11.3% 9.6% 9.9% 7.9% 7.4% 6.1% FY2022 FY2023 FY2024 (Billion yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 H2* Orders received 210.6 189.4 199.7 137.6 130.0 164.2 153.8 172.1 183.6 150.2 260.8

  18. Slide 18: Order Backlogs

    Order Backlogs 01 Orders backlogs remained at a high level on a quarterly basis. 01 (Billion yen) 635.5 628.2 628.5 616.0 601.1 598.9 596.9 588.1 583.6 574.2 532.3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 H2 FY2022 FY2023 FY2024* * The consolidation period differs. For details, see “Change in Fiscal Year-End”

  19. Slide 19: Service Sales

    Service Sales Service sales Ratio to net sales 31% 31% 31% 29% 30% 29% 27% 26% 25% 25% 25% 63.9 52.3 47.7 47.6 45.1 40.1 41.5 43.1 40.5 34.5 36.4 FY2022 FY2023 FY2024 (Billion yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 H2* Total 158.8 184.6 149.7 * Results for October–December 2024 in Japan, and July–Decemb

  20. Slide 20: Quarterly Orders Received by Industry

    Quarterly Orders Received by Industry FY2022 FY2023 FY2024 (Billion yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 H2* Automobile, auto parts 18.0 22.4 23.5 25.7 19.5 19.0 17.0 37.2 18.9 30.2 34.2 Electronics 98.4 87.2 54.2 31.4 40.6 58.2 39.7 52.7 49.0 52.9 103.8 Commerce, retail 50.3 34.1 79.3 24.0 22.2 27.1

  21. Slide 21: Quarterly Net Sales by Industry

    Quarterly Net Sales by industry FY2022 FY2023 FY2024 (Billion yen) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 H2* Automobile, auto parts 11.5 14.7 17.5 21.6 16.1 19.1 21.1 25.0 16.4 21.6 37.0 Electronics 43.2 52.6 63.4 56.4 44.9 48.5 50.8 59.2 48.3 56.5 92.2 Commerce, retail 41.6 40.4 38.7 40.0 36.2 36.0 38.5 36

  22. Slide 22: Earnings Forecast

    02 Earnings Forecast © Daifuku Co., Ltd. 21

  23. Slide 23: Earnings Forecast Summary

    Earnings Forecast Summary Fiscal 2025 forecast Orders received Net sales Operating income Operating margin ¥ 700.0 billion ¥ 650.0 billion ¥ 81.5 billion 12.5% Change* Change* Change* Change* +¥ 46.8 billion +¥ 6.0 billion +¥ 0.4 billion -0.1pt +7.2％ +0.9％ +0.6％ Investment in automation in the distr

  24. Slide 24: Fiscal 2025 Forecast (Consolidated)

    Fiscal 2025 Forecast (Consolidated) FY2024 FY2025 forecast FY2024 (Billion yen) adjusted* YoY change Change H1 [b] H1 (c-a) FY (d-b) FY [a] [c] [d] Amount Rate Amount Rate Orders received 333.9 594.7 653.1 413.0 +79.0 +23.7% 700.0 +46.8 +7.2% Net sales 302.6 563.2 643.9 334.0 +31.3 +10.4% 650.0 +6.0

  25. Slide 25: Dividends

    Dividends The dividend for fiscal 2024 has been increased by 18 yen from the initial plan To improve capital efficiency and further enhance shareholder returns, the 01 and by 8 yen from the announcement on November, to 55 yen. 02 Company repurchased 10 billion yen worth of its own shares. 02 Interim

  26. Slide 26: Capital Investment, Depreciation, R&D Expenses (Consolidated)

    Capital Investment, Depreciation, R&D Expenses (Consolidated) Capital investment, depreciation R&D expenses Capital investment Deprecation & amortization R&D expenses Ratio to net sales 45 (Billion yen) (Billion yen) 2.4% 39.5 18.0 2.1% 15.3 40 16.0 35 1.8% 1.7% 1.7% 14.0 30 10.7 10.4 11.2 12.0 25 2

  27. Slide 27: Topics

    03 Topics © Daifuku Co., Ltd. 26

  28. Slide 28: Topics: Credit Rating and CDP Rating Upgrades

    Topics Corporate credit rating upgraded CDP Rating upgraded On January 31, Rating and Investment Information, Inc. (R&I) raised The Company has been selected for the highest rating "A List" by CDP*, Daifuku’s rating as below. Meanwhile, its short-term bond rating up from last year's rating "A-", in

  29. Slide 29: Cautionary Statement with Respect to Forward-Looking Statements

    Cautionary Statement with Respect to Forward-Looking Statements The strategies, beliefs and plans related to future business performance as described in this document are not established facts. They are business prospects based on the assumptions and beliefs of the management team judging from the m

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