Unipres Corporation · TSE:5949
Unipres — Q2 FY2024 Earnings Presentation
29 slides from Unipres's earnings presentation, Nov 19, 2024
Slide 1: FY2024 2nd Quarter (Semi-annual) Financial Results
FY2024 2nd Quarter (Semi-annual) Financial Results November 19, 2024 © UNIPRES CORPORATION, All Rights Reserved.
Slide 2: Agenda
2 1. FY2024 Q2 (Semi-annual) Financial Results 2. Forecast of FY2024
Slide 3: FY2024 Q2 (Semi-annual) Financial Results
3 FY2024 Q2 (Semi-annual) Financial Results
Slide 4: Key Highlights for Q2 (Semi-annual), FY2024
Key Highlights for Q2 (Semi-annual) , FY2024 (consolidated-basis) 4 Net sales increased to １６２.５ billion yen mainly due to the positive exchange rate. Operating profit increased to ３.５ billion yen due to the cost saving and other factors.
Slide 5: Summary of Q2 (Semi-annual), FY2024
Summary of Q2 (Semi-annual) , FY2024 5 Net sales increased by 0.9 billion yen (+0.6%) year-over-year. Operating profit increased by 0.8 billion (+29.6%) yen year-over-year. Financial Performance Operating profit (billion yen) Net Sales (billion yen 20 200 Net sales 161.6 162.5 133.1 10 100 Opera
Slide 6: Consolidated Sales by Product Group
Consolidated Sales by Product Group 6 (billion yen) Q2, FY2023 Q2, FY2024 Variance Variance Sales % Sales % % Car body press 141.7 87.6% 142.3 87.5% +0.6 -0.1% products Precision 17.2 10.7% 17.3 10.7% +0.1 0.0% products Plastic 1.9 1.2% 2.1 1.3% +0.2 +0.1% products Other 0.8 0.5% 0.8 0.5% 0.0 0.0% T
Slide 7: Consolidated Sales by Customer (Nissan Motor-related products)
Consolidated Sales by Customer（Nissan Motor-related products） 7 Although the sales of to Nissan Mexicana increased, the composition ratio declined by 1.4% due to the decrease in sales of Dongfeng Motor Company Limited and Nissan Motor(Japan). (billion yen) Q2, FY2023 Q2, FY2024 Variance Sales % Sa
Slide 8: Consolidated Sales by Customer (Other Customers)
Consolidated Sales by Customer ( Other Customers) 8 The composition ratio rose by 1.4% mainly due to the increase of Renault, Honda of America Mfg., Inc. and Honda De Mexico, S.A. De C.V.. Q2, FY2023 Q2, FY2024 Variance (billion yen) Sales % Sales % Other Customers Sub-total 37.7 23.3% 40.2 24.7%
Slide 9: Operating Profit Variance Analysis
Operating Profit Variance Analysis 9 (billion yen) 7.5 Depreciation/amortization:0 Production reinforcement:0 Initial cost for new car model parts:0 Consolidation adjustment:0 5.0 5 2.5 2.2 3.5 3.5 2.7 -3.1 1.2 0.0 0 0.7 -0.2 -2.5 FY2023 FY2024 Others Cost saving mix etc. & model fluctuation Volume
Slide 10: Net Sales/Operating Profit by Region (Japan)
Net Sales/Operating Profit by Region (Japan) 10 Net sales decreased by 5.0% mainly due to the impact of customers’ production decrease. Operating loss was 0.5 billion yen because of the sales decrease. (billion yen) Net Sales (billion （億円） yen) Operating profit 150 6 first half First half first
Slide 11: Net Sales/Operating Profit by Region (The Americas)
Net Sales/Operating Profit by Region (The Americas) 11 Net sales increased by 11.4% due to the weaker yen exchange rate in spite of the impact of customers' production decease. Operating profit increased by 44.7% due to the cost saving. (billion yen) Net Sales (billion yen) Operating profit 150
Slide 12: Net Sales/Operating Profit by Region (Europe)
Net Sales/Operating Profit by Region (Europe) 12 Net sales increased by 8.4% mainly due to the weaker yen exchange rate. Operating profit increased 0.7 billion yen due to the cost saving. (billion yen) Net sales (billion yen) Operating profit 60 1 firsthalf First half First first half half secon
Slide 13: Net Sales/Operating Profit by Region (Asia)
Net Sales/Operating Profit by Region (Asia) 13 Net sales decreased by 15.2% due to the customers' production decrease in spite of Forex impact. Operating loss was 1.6 billion yen as a result of the impact of volume fluctuation. (billion yen) (billion yen) Net sales Operating profit 100 2.5 First
Slide 14: Capital Investment
Capital Investment 14 (billion yen) 15 FY2022 FY2023 FY2024 Domestic Overseas 10.1 10.2 10 3.2 4.1 6.5 6.6 0.8 5 2.7 4.3 3.6 3.6 0.6 6.9 6.1 5.7 1.4 2.4 3.9 3.7 2.2 1.2 0 1st half 2nd half Full year 1st half 2nd half Full year 1st half
Slide 15: Capital Investment & Depreciation / Amortization
Capital Investment & Depreciation / Amortization 15 (billion yen) 30 Capital investment Depreciation/amortization Annual plan Annual plan （23.5） (20.3) 20 25.2 23.6 10 12.4 10.1 10.2 4.3 0 FY2022 FY2023 FY2024 1st half
Slide 16: Cash Flows
Cash Flows 16 (billion yen) 40 FY2022 FY2023 FY2024 Cash flow from operating activities Cash flow from investing activities 30 Free cash flow 26.7 16.4 20 35.2 20.6 28.7 25.7 10 2.3 17.1 14.1 6.1 11.6 12.3 9.5 9.3 10.5 11.2 8.5 3.4 5.1 3.0 0 -0.7 -10 1st half Full year Full year 2nd half 1st half 2n
Slide 17: Interest-bearing Debt & Net Interest-bearing Debt Balance
Interest-bearing Debt & Net Interest-bearing Debt Balance 17 Interest-bearing debts decreased by 9.0 billion yen compared with the end-March, 2024. Net interest-bearing debts including cash and deposits became 8.6 billion yen. (billion yen) 120 Long-term loans payable Interest-bearing debt balan
Slide 18: Changes in Equity-to-total Assets
Changes in Equity-to-total Assets 18 The ratio increased by 2.3% to 48.0% compared to the end of March 2024. (%) 60 50 48.0 45.7 44.3 42.5 42.3 40 30 End-September, End-March, End-September, End-March, End-September, 2022 2023 2023 2024 2024
Slide 19: Forecast of FY2024
<@_D UNIPRES 19 Forecast of FY2024
Slide 20: Forecast of FY2024
Forecast of FY2024 20 １. Net sales are revised downward as our customers’ sales and production have declined significantly, which is expected to considerably reduce Unipres group’s production compared to the original plan despite the impact of foreign exchanges. ２. Operation profit is revised downwa
Slide 21: Consolidated Business Forecast for FY2024
Consolidated Business Forecast for FY2024 （compared to the previous year ） 21 40 Financial Performance 400 Operating profit (billion yen) Net Sales (billion yen 335 .0 330 .0 304 .4 320 .0 30 300 Net sales 20 200 10 100 ） Operating profit 10.9 12.0 7.5 0 3.7 0 FY2024 FY2024 Compared to the The revis
Slide 22: Forecast of Operating Profit Variance Analysis
Forecast of Operating Profit Variance Analysis （compared to the previous year ） 22 (billion yen) 15 Production reinforcement:0 Forex:0 10 -8.2 10.9 3.3 5 1.2 7.5 1.1 -0.1 -0.3 -0.4 0 FY2024 model mix etc. fluctuation & Volume amortization Depreciation/ model parts new car Initial cost for Cost savin
Slide 23: Net Sales/Operating Profit by Region (Japan)
Net Sales/Operating Profit by Region (Japan) 23 Net sales is projected to be lower due to customers’ productions reduction. Operating profit is forecast to decline due to the sales decrease. (billion yen) (billion yen) Net sales Operating profit 150 4 100 3.5 1.5 113.6 50 98.3 102.5 0.1 -0.5 0 -
Slide 24: Net Sales/Operating Profit by Region (the Americas)
Net Sales/Operating Profit by Region (the Americas) 24 Net sales growth is projected due to the sales increase of dies despite customers’ productions decrease. Operating profit is projected to grow due to the cost saving. (billion yen) Net sales (billion yen) Operating profit 150 15 100 10 125.5
Slide 25: Net Sales/Operating Profit by Region (Europe)
Net Sales/Operating Profit by Region (Europe) 25 Net sales is projected to be lower due to customers’ productions reduction. Operating profit is projected to become profitable due to the cost saving. (billion yen) (billion yen) Net sales Operating profit 60 0.5 40 0 0.05 -0.1 46.2 46.1 -0.2 20 4
Slide 26: Net Sales/Operating Profit by Region (Asia)
Net Sales/Operating Profit by Region (Asia) 26 Net sales is projected to be lower due to customers’ productions reduction. Operating profit is projected to decrease because of the impact of volume fluctuation. (billion yen) (billion yen) Net sales Operating profit 100 1 0.5 0 -1 -2.6 50 -3.6 -2
Slide 27: IR News Mail
IR News Mail Unipres IR News Mail is an email service that offers you the latest information about Unipres. Please subscribe to our IR News Mail. Phone PC Scan two Click the banner dimensional on the top page of code to Unipres website subscribe
Slide 28: Reference: Exchange rates
Exchange rate Reference 28 (yen) Preconditions of Q2, FY2023 Q2, FY2024 FY2024 forecast Average Average for the term end for the term end At first Full year period period US $ 142.61 149.58 152.50 142.82 140.00 147.66 STG ￡ 169.25 182.90 194.91 203.54 175.00 193.37 EURO 147.89 157.56 166.13 172.44 1
Slide 29: Precautions for treatment of material
Precautions for treatment of material 29 The future outlook of the Company mentioned in this presentation material was prepared based on information available to the Company that point in time. This is absolutely an expectation about the future at this point in time, which contains risks and uncerta