Rasa Industries,Ltd. · TSE:4022

Rasa Industries,Ltd — FY2023 Earnings Presentation

41 slides from Rasa Industries,Ltd's earnings presentation, Jun 4, 2024

  1. Slide 1: FY 2023 Consolidated Financial Results

    Notice： This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document , the latter shall prevail. RASA INDUSTRIES,LTD. FY 2023 (Year ended March 31,2024

  2. Slide 2: Contents

    Contents 1. Business overview 2. FY 2023 (Apr.-Mar.) Financial Results and Forecast for FY2024 3. New Medium-Term Management Plan 1

  3. Slide 3: 1. Business overview

    1. Business overview 2

  4. Slide 4: Business overview

    Business overview Company Profile Company Name Rasa industries, Ltd. Head Office 1-18-13, Soto-Kanda, Chiyoda-ku, Tokyo 101-0021,Japan Founded May 1,1913 Established June 26,1918 KOR Associate Employees 620（consolidated）＜As of March 31,2024＞ Osaka Factory Chemicals 34,391million yen／80.4％ ROC Subsid

  5. Slide 5: 2. FY 2023 Financial Results and Forecast for FY2024

    2. FY 2023 (Apr.-Mar.) Financial Results and Forecast for FY2024 4

  6. Slide 6: FY 2023 (Apr.-Mar.) Financial Summary

    FY 2023 (Apr.-Mar.) Financial Summary  Net sales： Decreased by 13.7% Year-on-Year  Operating profit： Decreased by 22.3% Year-on-Year. （Millions of yen） FY2022 FY2023 Forecast Change Change Rate Change (Apr.-Mar.) (Apr.-Mar.) （2023.11.14） N e t s a l e s 49,600 42,788 (6,811) (13.7%) 43,000 (211) O

  7. Slide 7: Changes in Fiscal Year Performance

    Changes in Fiscal Year Performance Changes in Net sales and Operating profit Net sales Net sales（LHS） Operating profit（RHS） Operating profit （Millions of yen） （Millions of yen） 49,600 50,000 5,000 44,500 42,788 4,622 40,000 4,000 35,411 30,999 3,700 3,591 29,759 28,978 3,475 30,000 27,427 3,000 2,84

  8. Slide 8: Changes in Quarterly Performance

    Changes in Quarterly Performance Changes in Net sales and Operating profit Net sales Operating profit （Millions of yen） Net sales（LHS） Operating profit（RHS） Chemicals profit（RHS） （Millions of yen） 13,095 12,829 12,438 12,110 12,500 11,566 2,500 10,571 10,380 10,260 9,709 10,000 2,000 8,730 7,793 8,3

  9. Slide 9: Business Segment Overview (Net sales)

    FY 2023 (Apr.-Mar.) Business Segment Overview（Net sales） Changes in Net sales （Millions of yen） （Millions of yen） FY 2022 FY 2023 50,000 Change Change Rate 1,112 (Apr.-Mar.) (Apr.-Mar.) 1,830 4,739 1,177 1,635 Others Chemicals 41,918 34,391 (7,527) (18.0%) 40,000 5,584 1,063 1,997 Electronic Machine

  10. Slide 10: Business Segment Overview (Operating profit)

    FY 2023 (Apr.-Mar.) Business Segment Overview（Operating profit） Changes in Operating profit （Millions of yen） （Millions of yen） 6,000 FY 2022 FY 2023 Change Change Rate 681 (Apr.-Mar.) (Apr.-Mar.) 5,000 565 Chemicals 4,115 3,028 (1,086) (26.4%) Others 410 760 688 4,000 Machinery 410 579 168 41.0% 36

  11. Slide 11: Chemicals

    Chemicals Changes in Net sales and Segment income Changes in Net sales by Product Segment income Net Sales Net Sales Segment income Net Sales Phosphorus Products Flocculant Products （Millions of yen） （Millions of yen） （Millions of yen） 41,918 Other Products Consolidated Subsidiary 40,000 8,000 40,00

  12. Slide 12: Chemicals (Quarterly)

    Chemicals（Quarterly） Changes in Net sales and Segment income Net sales Segment income Net sales Segment income （Millions of yen） （Millions of yen） 2,500 12,000 10,911 10,935 10,499 10,000 9,573 9,538 2,000 8,618 8,789 7,929 8,133 8,000 7,066 1,500 1,366 6,028 5,873 6,000 1,046 1,020 1,054 986 1,000

  13. Slide 13: Machinery

    Machinery Changes in Net sales and Segment income Changes in Net sales by Product Net sales Net sales Net sales Segment income Segment income Construction machinery （Millions of yen） （Millions of yen） （Millions of yen） Civil engineering machinery 6,000 5,584 800 6,000 4,766 4,739 827 579 600 881 4,0

  14. Slide 14: Machinery (Quarterly)

    Machinery（Quarterly） Changes in Net sales and Segment income Net sales Net sales Segment income Segment income （Millions of yen） （Millions of income） 2,012 2,000 400 1,652 1,499 1,500 1,362 1,357 300 1,247 1,122 252 1,173 1,024 212 895 898 1,000 180 847 200 172 133 139 500 79 79 100 43 49 34 20 0 0

  15. Slide 15: Electronic Materials

    Electronic Materials Changes in Net sales and Segment income Changes in Net sales by Product Net sales Segment income Net sales （Millions of yen） Net sales Segment income （Millions of yen） （Millions of yen） High-purity inorganic materials Functional materials 2,500 1,000 2,500 1,997 2,000 1,830 2,00

  16. Slide 16: Electronic Materials (Quarterly)

    Electronic Materials （Quarterly） Changes in Net sales and Segment income Net sales Segment income Net sales Segment income （Millions of yen） （Millions of yen） 750 500 636 585 600 536 400 483 484 467 462 421 450 389 390 274 300 307 300 300 170 165 200 139 151 120 129 92 150 69 100 53 23 0 0 ▲ 29 1Q 2

  17. Slide 17: Consolidated statements of income

    Consolidated statements of income （Millions of yen） FY 2022 FY 2023 Change Change Rate (Apr.-Mar.) (Apr.-Mar.) Net sales 49,600 42,788 (6,811) (13.7%) Cost of sales 40,186 34,531 (5,654) (14.1%) Selling, general and 4,791 4,666 (125) (2.6%) administrative expenses Operating profit 4,622 3,591 (1,031

  18. Slide 18: Consolidated balance sheets

    Consolidated balance sheets （Millions of yen） As of March 31, 2023 As of March 31, 2024 change Total current assets 25,564 22,497 (3,067) Cash and deposits 4,940 3,405 (1,535) Accounts receivable ※ 11,303 12,232 928 Inventory ※ 8,364 6,477 (1,887) Total non-current assets 21,987 21,826 (161) Propert

  19. Slide 19: Consolidated statements of cash flows

    Consolidated statements of cash flows （Millions of yen） FY 2022 FY 2023 Change (Apr.-Mar.) (Apr.-Mar.) Net cash provided by operating activities 2,042 4,972 2,929 Profit before income taxes 4,629 3,457 (1,172) Depreciation 1,845 1,868 22 Decrease(increase) in trade receivables (887) (802) 84 Decreas

  20. Slide 20: Forecast for FY 2024

    Forecast for FY 2024 （Millions of yen） FY 2023 (Apr.-Mar.) FY 2024 (Apr.-Mar.) Change Change Rate Actual Forecast Net sales 42,788 44,500 1,712 4.0% Chemicals 34,391 37,200 2,809 8.2% Machinery 5,584 4,500 (1,084) (19.4%) Electronic Materials 1,635 1,650 15 0.9% Others 1,177 1,150 (27) (2.3%) Operat

  21. Slide 21: Policies for Shareholder Returns

    Policies for Shareholder Returns  Our policy is to make decisions after a comprehensive evaluation of the need to maintain a balance between emphasizing shareholder returns and retaining internal reserves as a source of capital for financial structure improvements based on performance trends, futur

  22. Slide 22: Changes in Capital investment, Depreciation and R&D costs

    Changes in Capital investment , Depreciation and R＆D costs Capital investment ・ Depreciation R＆D costs （Millions of yen） Capital investment Depreciation （Millions of yen） 548 3,000 515 518 500 500 476 2,464 2,100 2,000 1,845 1,868 1,800 1,487 1,525 1,220 250 1,030 1,017 1,000 0 0 FY2020 FY2021 FY202

  23. Slide 23: 3. New Medium-Term Management Plan

    3. New Medium-Term Management Plan 22

  24. Slide 24: Summary of the Previous Medium-Term Management Plan

    Summary of the Previous Medium-Term Management Plan Quantitative Qualitative (Millions of yen) <Target> <Actual> Results 1. Consolidated operating profit 3,300 3,590  Strengthened existing businesses and expanded areas 2. Consolidated equity ratio 55％ 56.3％ <Chemicals> Stabilized supply structure f

  25. Slide 25: Rasa Vision 2033 Long-Term Vision and Philosophy Structure

    Rasa Vision 2033 | Our Long-Term Vision and Philosophy Structure Corporate Philosophy We will value trust and honesty, and through our manufacturing (monozukuri) we will contribute to the creation of new value and the realization of a prosperous society. Our Purpose Long-term Vision 24

  26. Slide 26: Basic Policies of the Rasa Vision 2033

    Basic Policies of the Rasa Vision 2033 Increase corporate value and pursue Realize a sustainable future sustainable growth 1 Optimize our business portfolio 4 Respond to climate change and build a  Strengthen the profitability of core businesses circular society and expand growth businesses  Reduc

  27. Slide 27: Rasa Vision 2033 ESG Targets

    Rasa Vision 2033 ESG Targets [Materiality] [Initiatives] [Metrics and targets] [Relevant SDGs] Reduction of greenhouse gases Reduce CO2 emissions (Scope 1, 2): Addressing 30% by 2033 Climate Change Conserve biodiversity: Appropriate management Forest conservation of decommissioned mines Environment

  28. Slide 28: Rasa Vision 2033 Numerical Targets and Positioning of the Plan

    Rasa Vision 2033 Numerical Targets and the Positioning of the Medium-Term Management Plan 2026 Period to plant seeds towards realizing Rasa Vision2033 Present 10 years later Towards a new future 120th Anniversary Phase III Phase II Phase I FY2030 to FY2032 (Millions of yen) Medium-Term <Numerical ta

  29. Slide 29: Medium-Term Management Plan 2026 Overview

    Medium-Term Management Plan 2026 Overview Plan name / Medium-Term Management Plan 2026 Period FY2024 to FY2026 (3 years) Aim to strengthen the foundation for increasing corporate value Basic policy by promoting management resource optimization and enhancing profitability  Consolidated net sales  R

  30. Slide 30: Medium-Term Management Plan 2026 Policies

    Medium-Term Management Plan 2026 Policies 1 Build structure for optimizing management resources 4 Respond to climate change and build a circular society  Strengthen the profitability of core businesses  Reduce greenhouse gas emissions and expand growth businesses  Transition to renewable energy 

  31. Slide 31: Medium-Term Management Plan 2026 Numerical Targets 1/2

    Medium-Term Management Plan 2026 Numerical Targets 1/2 20% ROE ROIC Medium-Term 14.9％ Management Plan 2026 15% 9.9％ 10％ or higher 10％ or higher 10% 10％ or higher 10.3％ 9％ or higher 5% 7.8％ Net sales (Millions of yen) 80,000 Operating profit (Millions of yen) Net sales Operating profit 90 800 80,000

  32. Slide 32: Medium-Term Management Plan 2026 Numerical Targets 2/2

    Medium-Term Management Plan 2026 Numerical Targets 2/2 (Millions of yen) FY2024 FY2025 FY2026 Rate of Change FY2023 3-yr change Forecast Plan Plan (%) Net sales 42,788 44,500 47,500 52,000 9,212 22% Chemicals 34,391 37,200 39,200 42,400 8,009 23% Machinery 5,584 4,500 5,400 6,000 416 7% Electronic m

  33. Slide 33: Measures for Management Conscious of Cost of Capital and Stock Price 1/2

    Measures for Achieving Management That is Conscious of Cost of Capital and Stock Price 1/2 Current awareness ■ Shareholder cost of capital is calculated using CAPM, and is approximately 6% to 7%. The weighted average cost of capital (WACC) is approximately 4% to 5% based on shareholder cost of capit

  34. Slide 34: Measures for Management Conscious of Cost of Capital and Stock Price 2/2

    Measures for Achieving Management That is Conscious of Cost of Capital and Stock Price 2/2 Initiative policy ■ We formulated our long-term vision, “Rasa Vision 2033,” and are advancing our Medium-Term Management Plan 2026, which we position as the period for "planting seeds" (Phase I) to achieve tha

  35. Slide 35: Medium-Term Management Plan 2026 Cash Allocation

    Medium-Term Management Plan 2026 | Cash Allocation Medium-Term Management Plan 2023 Results (FY2021 to FY2023) Medium-Term Management Plan 2026 Targets (FY2024 to FY2026) 33% increase vs. previous 12,000 million yen Medium-Term Management Plan ■Investments in growth and new businesses Approx. 6,500

  36. Slide 36: Key Measures (1) Chemicals

    Key Measures (1) Net sales Medium-Term Management Segment profit Plan 2026 41,918 42,400 Chemicals 34,391 37,200 39,200 4,115 4,350 4,000 3,650 3,028 <Phosphoric acid> FY2022 FY2023 FY2024 FY2025 FY2026 Forecast Plan Plan (Millions of yen)  Strengthen the profitability of core businesses  High-pur

  37. Slide 37: Key Measures (2) Machinery

    Key Measures (2) Net sales Medium-Term Management Segment profit Plan 2026 6,000 Machinery 4,739 5,584 5,400 4,500 650 579 600 410 400 <Pipe jacking machine> FY2022 FY2023 FY2024 FY2025 FY2026 Forecast Plan Plan (Millions of yen)  Strengthen the profitability of core businesses  Proactive sales ac

  38. Slide 38: Key Measures (3) Electronic Materials

    Key Measures (3) Net sales Medium-Term Management Segment profit Plan 2026 Electronic 2,400 materials 1,830 1,635 1,650 1,800 565 368 400 <High purity inorganic materials> 200 150 FY2022 FY2023 FY2024 FY2025 FY2026 Forecast Plan Plan (Millions of yen)  Strengthen the profitability of core businesse

  39. Slide 39: Reference: Taiwan Consolidated Subsidiary

    Reference: Taiwan Consolidated Subsidiary Company name: Rasa Technology Taiwan Ltd. Address: No.1, Weier Road, Wuqi District Taichung City, Taiwan Established: December 17, 2003 （Millions of yen） Taoyuan Net sales Hsinchu 10,275 Ordinary profit Taichung 9,084 RTT 1,565 5,344 Tainan 4,475 3,604 1,033

  40. Slide 40: Reference: Sales of semiconductor-related

    Reference: Sales of semiconductor-related(Note) Sales ratio of semiconductor-related （millions of yen 、％） Consolidated Net Sales 49.1 Sales of semiconductor-related 45.3 45.8 45.0 49,600 39.2 39.5 42,788 35,411 30,999 29,759 28,978 24,332 19,598 13,118 15,943 12,139 11,751 FY2018 FY2019 FY2020 FY202

  41. Slide 41: Cautionary Statement Concerning this Material

    Cautionary Statement Concerning this Material The statements in this material are based on a variety of assumptions, and we ask for your understanding that forward- looking statements regarding future figures and other information are subject to uncertainties. 40

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