Slide 1: ESPEC CORP. Results Briefing FY2024
Securities ID code: 6859 ESPEC CORP. Results Briefing FY2024 (Fiscal Year Ended March 31, 2025) May 26, 2025 Representative Director and President Satoshi Arata
Slide 2: FY2024 Full-Year Results
FY2024 Full-Year Results ESPEC CORP. 1
Slide 3: FY2024 Full-Year Financial Summary
FY2024 Full-Year Financial Summary Orders received, net sales, and profit all reached record highs, mainly due to continued investment in the domestic EV and battery markets and enhanced domestic production capacity. Achieved medium-term management targets ahead of schedule and announced a new mediu
Slide 4: Summary of Profits and Losses
Summary of Profits and Losses (Millions of yen) FY2024 Revised Comparison Comparison FY2024 Initial FY2023 Results Forecasts FY2024 Results Year on Year with Initial with March Forecasts (Mar. 2025) Forecasts Forecasts Orders Received 62,290 63,000 66,700 67,514 +8.4% +7.2% +1.2% Net Sales 62,126 65
Slide 5: Performance by Segment
Performance by Segment (Millions of yen) FY2024 Comparison Comparison FY2023 FY2024 Initial Revised FY2024 Forecasts Year on Year with Initial with March Results Forecasts Results Forecasts Forecasts (Mar. 2025) Orders Received 53,565 53,700 56,600 57,283 +6.9% +6.7% +1.2% Equipment Business Net sal
Slide 6: Orders Received in FY2024
Orders Received in FY2024 ■ Orders received marked a new record high for the fourth consecutive fiscal year. Orders increased particularly in Japan, as well as North America and China; remained flat in South Korea and Taiwan, and decreased in Southeast Asia and Europe. Orders Received (Millions of y
Slide 7: Net Sales in FY2024
Net Sales in FY2024 ■ Net sales renewed record highs for the third consecutive fiscal year. Sales increased particularly in Japan and North America, as well as Southeast Asia, South Korea, and Taiwan; were level year on year in China, and decreased in Europe. Net sales (Millions of yen) 80,000 70,00
Slide 8: Operating Profit and Profit Ratio in FY2024
Operating Profit and Profit Ratio in FY2024 ■ Operating profit renewed record highs for the second consecutive fiscal year. Profitability improved due to sales growth and cost of sales ratio improvement Operating Profit and Profit Ratio (Millions of yen) 10,000 12.0% 11.2% 10.6% 10.0% 8,000 7,526 8.
Slide 9: Analysis of Operating Profit Increase and Decrease Factors
Analysis of Operating Profit Increase and Decrease Factors ■ Profit increased mainly due to sales increase in the Equipment and Service Businesses and improved cost of sales ratio in Equipment Business. (Millions of yen) Equipment Business Service Business 242 22 Other Business 339 90 -87 1,390 -424
Slide 10: Statement of Assets and Liabilities
Statement of Assets and Liabilities ■ Although there was an increase in trade receivables due to expanded sales and an increase in fixed assets from capital investments, the repayment of short-term borrowings resulted in total assets decrease of approximately ¥2.4 billion. Assets Liabilities and Net
Slide 11: Statements of Cash Flows
(Millions of yen) 10 -4,027 Increase (decrease) in funds ■ Operating CF resulted in a cash inflow of approximately ¥4.4 billion, but capital investment and -74 Effect of exchange rate changes -7,245 Total financial cash flow repayment of short-term borrowings led to a net cash decrease of about ¥4.0
Slide 12: Equipment Business
Equipment Business (Millions of yen) FY2024 Revised Comparison Comparison FY2024 Initial Forecasts FY2024 FY2023 Results Year on Year with Initial with March Forecasts Results (Mar. 2025) Forecasts Forecasts Orders Received 53,565 53,700 56,600 57,283 +6.9% +6.7% +1.2% Net sales 53,518 56,000 56,900
Slide 13: Service Business
Service Business (Millions of yen) FY2024 Revised Comparison Comparison FY2023 FY2024 Initial Forecasts FY2024 Results Year on Year with Initial with March Results Forecasts (Mar. 2025) Forecasts Forecasts Orders Received 7,634 8,000 8,400 8,532 +11.8% +6.7% +1.6% Net sales 7,536 7,900 8,300 8,425 +
Slide 14: Other Business
Other Business (Millions of yen) FY2024 Revised Comparison Comparison FY2024 Initial FY2023 Results Forecasts FY2024 Results Year on Year with Initial with March Forecasts (Mar. 2025) Forecasts Forecasts Orders Received 1,453 1,700 2,100 2,170 +49.3% +27.7% +3.4% Net sales 1,455 1,500 1,700 1,758 +2
Slide 15: Sales by Market
Sales by Market ■ The Electronic device and equipment market remained at the same level as the previous year. Sales related to EV and battery applications progressed, increasing the share of the automobile market, including car electronics. Non-consolidated (Equipment Business) 100% 100% Electronic
Slide 16: Sales by Region
Sales by Region ■ Sales in Japan increased, raising the domestic share, while overseas growth was driven mainly by higher sales in North America. FY2023 FY2024 Overseas sales ratio: 53.1% Overseas sales ratio: 51.9% 9,504 North America 11,187 15.3% 3,406 Europe 16.6% 2,919 5.5% China 4.3% 29,162 32,
Slide 17: Main Initiatives for ESG in FY2024
Main Initiatives for ESG in FY2024 ■ E (Environment) Promote global warming countermeasures and biodiversity conservation activities under the 8th Medium-Term Plan on the Environment (FY2022–2025) • Launch environmentally friendly products, including constant temperature and humidity chambers using
Slide 18: Basic Policy on Dividends and Results
Basic Policy on Dividends and Results Basic Policy on Dividends * May 15, 2025, announced revision to the Basic Policy on Dividends (p. 44) In addition to a dividend payout ratio of 30%, we will add dividends with 1/3 of the excess funds as a baseline. While reflecting a necessary level of internal
Slide 19: TOPICS: Aichi Next-Generation Mobility Test Lab
TOPICS 1 Start of “Aichi Next-Generation Mobility Test Lab” service Responding to testing demand for automotive batteries and EV/automation modules ■ Aichi xEV Battery Safety Test & ■ Toyota Test Center Certification Center • Expanded functions of the Toyota Testing Center, the Company’s largest int
Slide 20: TOPICS: Chambers for AI and autonomous driving testing
TOPICS 2 Responding to testing demand in AI and Launched low temperature (& humidity) chambers autonomous driving fields Platinous J Series ECO Type with low-GWP refrigerant Rapid-Rate Thermal Cycle Chamber • In April 2025, a high-performance model capable • In November 2024, launched the ECO Type i
Slide 21: TOPICS: COSMOPIA HIGHTECH low-GWP launches
TOPICS 3 First domestic launch by COSMOPIA -70C Ultra-Low Temperature Shock Freezer HIGHTECH of a rapid temperature change for delicious rapid freezing device using low-GWP refrigerant • In April 2025, launched the “Ultra-Low Temperature • In October 2024, COSMOPIA HIGHTECH, part of Shock Freezer”
Slide 22: External Recognition
External Recognition ■ ESG-Related Evaluations • Included in the ESG index “FTSE Blossom Japan Sector Relative Index” • Rated “B” score for the fifth consecutive year in the CDP Climate Change Survey, “B-” score for Water Security Selected as Supplier Engagement Leader for two consecutive years, the
Slide 23: 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 24: Quality is more than a word
Quality is more than a word ESOEC ESPEC CORP.