Mitsuboshi Belting Ltd. · TSE:5192
Mitsuboshi Belting — FY2025/3 Earnings Presentation
18 slides from Mitsuboshi Belting's earnings presentation, May 2025
Slide 1: Financial Results Briefing Materials
Financial Results Briefing Materials (2024/4/1〜2025/3/31） 1
Slide 2: Note to future-oriented statements
Note to future-oriented statements The forward-looking statements in this document, including performance forecasting, are based on currently available information and assumptions considered reasonable by us and do not guarantee our future financial results. Actual results may differ greatly from th
Slide 3: Consolidated Financial Summary
Consolidated Financial Summary （millions of yen） 2024/3（2023/4-2024/3） 2025/3（2024/4-2025/3） Year-on-Year 1st Half 2nd Half Full Year 1st Half 2nd Half Full Year change Margin Margin Margin Margin Margin Margin % +6,496 Sales 42,028 41,986 84,014 45,451 45,059 90,510 +7.7% Operating 4,137 3,622 7,75
Slide 4: Quarterly Results
Quarterly Results （100 mil. of yen) Sales 206 220 212 205 215 210 210 224 230 224 226 187 185 193 186 192 191 200 174 164 175 178 161 169 144 150 100 50 0 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 2020/3 2021/3 2022/3 2023/3 2024/3 2025/3 Operating profit 29 30 26 23 21
Slide 5: Sales by Business
Sales by Business （millions of yen） 2024/3（2023/4-2024/3） 2025/3（2024/4-2025/3） Year-on-Year 1st Half 2nd Half Full Year 1st Half 2nd Half Full Year change Margin Margin Margin Margin Margin Margin % Belts (Japan) 13,877 13,485 27,362 14,204 13,934 28,138 +776 33.0% 32.1% 32.6% 31.3% 30.9% 31.1% +2.
Slide 6: Breakdown of Belt Sales
Breakdown of Belt Sales （millions of yen） 2024/3（2023/4-2024/3） 2025/3（2024/4-2025/3） Year-on-Year 1st Half 2nd Half Full Year 1st Half 2nd Half Full Year change Margin Margin Margin Margin Margin Margin % 19,316 19,404 38,720 21,417 20,709 42,126 +3,406 Automotive belt 53.2% 55.4% 54.3% 55.3% 54.5%
Slide 7: Analysis of Operating Profit
Analysis of Operating Profit （100 mil. of yen） 2024/3 2025/3 change (＋) Increase in sales. Effects of FOREX Rates Sales 840.1 905.1 65.0 Operating (－) Effects of sales composition Profit 77.6 89.3 11.7 Increase in raw material costs, labor costs Ordinary 96.1 91.5 △4.6 and logistics costs Profit
Slide 8: Capital expenditures and Depreciation
Capital expenditures and Depreciation （100 mil. of yen） Capital expenditures （capitalized amounts） 1st Half 2nd Half 106 100 80 75 60 60 24 60 41 34 32 33 37 44 36 28 106 40 17 22 21 24 39 20 27 19 21 19 19 30 15 52 7 7 9 14 22 32 10 15 14 12 10 14 11 13 21 18 13 0 2012/3 2013/3 2014/3 2015/3 2016/3
Slide 9: Forecast
Forecast （millions of yen） 2026/3 Year-on-Year 2025/3 Forecast change ％ Results 1st Half 2nd Half Full year Sales 90,510 45,000 44,000 89,000 △1,510 △1.7% Operating Profit 8,928 4,700 3,900 8,600 △328 △3.7% Margin 9.9% 10.4% 8.9% 9.7% Ordinary Profit 9,154 4,600 4,000 8,600 △554 △6.1% Margin 10.1% 1
Slide 10: Dividends
Dividends Interim Year-end Total 2024/3 ¥125 ¥125 ¥250 2025/3(Forecast) ¥90 ¥90→¥96 ¥180→¥186 2026/3(Forecast) ¥90 ¥96 ¥186 250 Payout ratio Ordinary dividend 100 100 2009/3︓482％ 100 200 2010/3︓130％ Special dividend 97 77 Payout ratio % 80 58 150 65 250 250 60 186 100 41 186 37 40 30 26 24 28 30 29
Slide 11: Acquisition and Retirement of treasury shares
Acquisition and Retirement of treasury shares （Thousand Shares） Aggregate number of shares issued as of June 30,1998 51,998 (100%) Total acquisition of treasury shares 26,040（50％） Total retirement of treasury shares Stock Market Owned Disposal 20,835（40％） FY2024 Aggregate number of shares issued as
Slide 12: Action to Implement Management Conscious of Cost of Capital and Stock Price ①
Action to Implement Management That Is Conscious of Cost of Capital and Stock Price ① “ ’24 Mid-Term Business Plan” marks the second phase toward FY2030 “Target Position.“ The previous plan focused on strengthening our business foundation, while the current plan positions itself as a period of accel
Slide 13: Action to Implement Management Conscious of Cost of Capital and Stock Price ②
Action to Implement Management That Is Conscious of Cost of Capital and Stock Price ② 2025/3 ROE・PBR ROE : 9.3% PBR : 1.10 (x) (X) 16.0% 1.60 14.0% 1.40 12.0% 1.20 ROE（ left ） 10.0% 1.00 ROE（target） 8.0% 0.80 （ left ） Cost of Capital 6.0% 0.60 （ left ） PBR （ right ） 4.0% 0.40 Strengthen financial po
Slide 14: Individual business strategies①
Individual business strategies① Existing EV parts 1. Automotive parts products (100 mil. of yen) ・Sales of M-HEVs (mild hybrid vehicles) increased mainly in 421 400 the European market 387 31 19 55 Respond to electrification・ ・Increased use of belt drive systems for electric power contribute to envi
Slide 15: Individual business strategies②
Individual business strategies② Civil waterproofing Building waterproofing 3. Construction materials Water shields (100 mil. of yen) 81 ・Improvement of fastback waterproofing method with 73 73 8 Respond to improvement of reduced number of secondary materials for sheet 5 working environment waterproo
Slide 16: Status of dialogue with shareholders and investors
Status of dialogue with shareholders and investors Dialogue with shareholders and investors（FY2023〜FY2024） （Unit︓Number of times） 2023 2024 Company Responders Financial results briefing for institutional President , Senior Managing Director investors and securities analysts 2 2 (at the end of the se
Slide 17: ESG initiatives（1）
ESG initiatives（1） Time Category Initiatives Mitsuboshi Belting Fureai Council, a volunteer organization comprising Group employees, formed Nov. 2000 S to promote town development where residents and businesses coexist Oct. 2003 G Executive Officer system introduced May 2015 G Risk Management Commit
Slide 18: ESG initiatives（2）
ESG initiatives（2） Time Category Initiatives March S G The Corporate Philosophy, Management Principle, etc. organized into a new philosophy system. Selected as a constituent of the FTSE Blossom Japan Sector Relative Index, a leading index for June E S G ESG investment 2023 “Sustainability Report 202