Espec Corp. · TSE:6859
Espec — 9M FY2023 Earnings Presentation
22 slides from Espec's earnings presentation, Feb 20, 2024
Slide 1: Results Briefing for the Nine Months Ended December 31, 2023
Securities ID code: 6859 ESPEC CORP. Results Briefing for the Nine Months Ended December 31, 2023 February 20, 2024 ESPEC CORP.
Slide 2: Financial Result for the Nine Months Ended December 31, 2023
Financial Result for the Nine Months Ended December 31, 2023 Orders received were driven particularly by orders from the EV and battery fields in the domestic market. Sales and profits increased significantly, reaching record highs, due to improved parts procurement primarily for standardized produc
Slide 3: Summary of Profits and Losses
Summary of Profits and Losses (Millions of yen) FY2022 3Q Results FY2023 3Q Results Year on Year Orders Received 47,153 48,190 +2.2% Net Sales 35,972 42,189 +17.3% Cost of Net Sales 23,627 27,026 +14.4% Cost Ratio 65.7% 64.1% 1.6pt melioration Gross Profit 12,345 15,163 +22.8% SG&A 9,929 10,951 +10.
Slide 4: Performance by Segment
Performance by Segment (Millions of yen) Segment FY2022 3Q Results FY2023 3Q Results Year on Year Orders Received 41,031 41,586 +1.4% Equipment Net Sales 30,866 36,322 +17.7% Business Operating Profit 2,329 3,761 +61.5% Orders Received 5,216 5,720 +9.6% Service Net Sales 4,672 5,364 +14.8% Business
Slide 5: Analysis of Operating Profit Increase and Decrease Factors
Analysis of Operating Profit Increase and Decrease Factors ■ Despite an increase in SG&A, profit increased by approximately ¥1.8 billion due mainly to a boost from increased sales in the Equipment Business. (Millions of yen) Equipment Business Service Business Other Business Commission expenses R&D
Slide 6: Equipment Business
Equipment Business (Millions of yen) FY2022 3Q Results FY2023 3Q Results Year on Year Orders Received 41,031 41,586 +1.4% Net Sales 30,866 36,322 +17.7% Operating Profit 2,329 3,761 +61.5% Profit Ratio(%) 7.5% 10.4% Environmental Test Chambers ■ Orders received decreased year on year in highly versa
Slide 7: Service Business
Service Business (Millions of yen) FY2022 3Q Results FY2023 3Q Results Year on Year Orders Received 5,216 5,720 +9.6% Net Sales 4,672 5,364 +14.8% Operating Profit 185 542 +193.0% Profit Ratio(%) 4.0% 10.1% After-Sales Service and Engineering ■ Orders received was on a par year on year and net sales
Slide 8: Other Business
Other Business (Millions of yen) FY2022 3Q Results FY2023 3Q Results Year on Year Orders Received 1,148 1,162 +1.3% Net Sales 656 793 +20.8% Operating Profit -96 -89 - Profit Ratio(%) -14.7% -11.3% Environmental Preservation, Plant Production Systems ■ Orders received was on a par with the same peri
Slide 9: Sales by Market
Sales by Market ■ Net Sales increased 1.2x in the electronic device and equipment market, 1.5x in the automobile market due to a significant increase centered on EVs and batteries and decreased in the semiconductor market. Electronic device and equipment market Non-Consolidated (Equipment Business)
Slide 10: Sales by Region
Sales by Region ■ Net sales increased primarily in Japan, North America, and Europe. Net sales in China were mostly unchanged year on year. FY2022 3Q FY2023 3Q Overseas sales ratio: 58.0% Overseas sales ratio: 58.1% ■ North America 6,735 & Europe 9,351 22.2% 18.7% ■China 15,104 17,680 42.0% ■Taiwan
Slide 11: Forecasts for Fiscal 2023
Forecasts for Fiscal 2023 ■ Full-year forecasts for FY2023 remain unchanged from the forecasts revised on October 27. (Millions of yen) FY2022 FY2023 Full Year Forecasts (revised on Oct. 27) 3Q Results Results 4Q Full year Year on Year Orders-received 59,521 48,190 12,810 61,000 +2.5% Net sales 52,8
Slide 12: Segment Financial Forecasts
Segment Financial Forecasts (Millions of yen) FY2022 FY2023 Full Year Forecasts (revised on Oct. 27) 3Q Results Results 4Q Full Year Year on Year Orders-Received 51,446 41,586 11,174 52,760 +2.6% Equipment Business Net sales 45,031 36,322 14,028 50,350 +11.8% Operating profit 3,919 3,761 1,219 4,980
Slide 13: FY 2023 Dividend Forecast
FY 2023 Dividend Forecast Dividend per share and dividend payout ratio (forecast) (yen) *2 *3 68 68 69 70 70 *1 中間 Interim 期末 Year-end 60 60 58 51 50 45 46 46 45 40 32 36 38 42 30 26 41 18 20 24 20 15 23 13 19 10 13 8 20 22 22 18 24 25 5 7 7 7 9 12 10 0 11 12 13 14 15 16 17 18 19 20 21 22 23 (FY) Pa
Slide 14: Basic policy on profit distribution
Basic policy on profit distribution Our basic policy is to determine dividends reflecting sustainability and the dividend payout ratio. In addition to a dividend payout ratio of 30%, we will add dividends with 1/3 of the excess amount of scheduled necessary funds as a baseline. While reflecting a ne
Slide 15: Main Initiatives in FY2023
Main Initiatives in FY2023 Equipment Business ・Boost earnings power, normalize delivery schedules, and rapidly clear the order backlog. ・Strengthen response to the globally expanding battery market. Service Business After-sales Service: Expand preventative maintenance services through “super support
Slide 16: Main Initiatives for ESG in FY2023
Main Initiatives for ESG in FY2023 ■E (Environment) ・Promote the 8th Medium-term Plan on the Environment (FY2022-2025) ・Global warming countermeasure: Change to low-GWP refrigerant, Reduce CO2 emissions in business activities such as manufacturing ・Biodiversity conservation activities: Contributions
Slide 17: TOPICS 1
TOPICS 1 “Next-Generation Mobility Testing Laboratory Battery Safety Testing Center (Tentative Name)” Upgraded and expanded Construction Began on a New Testing Center laboratory testing equipment in Aichi Prefecture ・In August 2023, purchased land (7,500 m2) in Tokoname, ・Upgraded and expanded testi
Slide 18: TOPICS 2
TOPICS 2 Started Sales and Measurement Services for Expanding Lineup of Semiconductor Inspection Thermal Dependent Warpage Equipment Burn-In Chamber Support for High Measurement System Heat Generation Load ・In January 2024, started sales and measurement ・In March 2023, expanded the Burn-In Chamber w
Slide 19: TOPICS 3
TOPICS 3 ESPEC MIC CORP. Started Joint Research at Kawasui Kawasaki Aquarium Using Aquaponics In June 2023, ESPEC MIC CORP. started joint research with Kawasui Kawasaki Aquarium and the Laboratory of Tropical Crop Science, College of Bioresource Sciences, Nihon University on a demonstration experime
Slide 20: External Recognition
External Recognition ■ 2024 Feb. ・Rated “B” score for the fourth consecutive year in the CDP Climate Change 2023, “C-” score for Water Security ・Ranked 375th in Toyo Keizai Inc.’s 2024 CSR Corporate Ranking ■ 2023 Dec.・Awarded a Bronze Prize in the Gomez IR Website Ranking 2023 ・Selected a Commendat
Slide 21: Forward-looking statements and inquiries
These materials contain forward-looking statements, including the Company’s present plans and forecasts of performance, that reflect the Company’s plans and forecasts based on the information presently available. These forward-looking statements are not guarantees of future performance, and plans, f
Slide 22: Quality is more than a word
Quality is more than a word ESOEC ESPEC CORP.