Torishima Pump Mfg.co., Ltd. · TSE:6363
Torishima Pump Mfg.co — Q2 FY2024 Earnings Presentation
28 slides from Torishima Pump Mfg.co's earnings presentation, Nov 14, 2024
Slide 1: Consolidated Financial Results for the 2nd Quarter of FY2024
Consolidated Financial Results for the 2nd Quarter of FY2024 (April 1st 2024 ~ September 30th 2024) 14th November, 2024 TORISHIMA PUMP MFG.CO.,LTD. 1
Slide 2: Agenda
【1】Financial Results for the 2Q FY2024 【2】FY2024 Full-Year Forecast 【3】TOPIXS 2
Slide 3: Financial Results for the 2Q FY2024
【1】Financial Results for the 2Q FY2024 【2】FY2024 Full-Year Forecast 【3】TOPIXS 3
Slide 4: 2Q FY2024 Highlights
2Q FY2024 Highlights Orders received have increased in all categories: public sector, private sector and overseas sector. Sales Revenue has increased due to a significant increase in sales at our subsidiaries. Operating profit increased at subsidiaries, however decreased at the consolidated base. Th
Slide 5: 2Q FY2024 Financial Results Outline
2Q FY2024 Financial Results Outline Billions of yen Y0Y billions of yen Orders Received … 57.8 +12.8 Sales … 37.6 +3.7 Operating Income … 0.6 -1.3 Ordinary Income … -0.2 -2.1 Net Income … 0.5 -0.8 5
Slide 6: 2Q FY2024 Consolidated Financial Results
2Q FY2024 Consolidated Financial Results Orders Received: 43.1% increase in public-sector, 1.6% increase in private-sector, 28.5% increase in overseas-sector, resulting in an overall increase by 28.5% to 57.8 billion yen. Sales: 14.7% increase in public-sector, 9.3% decrease in private-sector, 15.4%
Slide 7: 2Q FY2024 Financial Results (Non-consolidated / Subsidiaries)
2Q FY2024 Financial Results（Non-consolidated / Subsidiaries） ■Non-consolidated Billions of yen ■ Subsidiaries Billions of yen YOY YOY 2Q 2Q 2Q 2Q FY2023 FY2024 Amount % FY2023 FY2024 Amount % Sales 26.3 26.6 +0.3 +1.1% 11.7 14.9 +3.2 +27.4% Gross Operating Income 6.4 4.6 -1.8 3.9 5.3 +1.4 -28.1% +35
Slide 8: Trends in gross profit margin and full year gross profit
Trends in gross profit margin (first half, second half, full year) and full year gross profit In the first half of FY2024, the profit margin fell due to an increase in production costs. The profit margin is expected to recover in the second half, but the gross profit for the full year is expected to
Slide 9: Torishima Business Strategy 1
Torishima Business Strategy 1 By increasing our high-tech pumps business and establishing service bases close to end users, this expansion of the service business will continue to improve the overall profit margin. Consolidated sales（billions of yen） ハイテクポンプ ■High-tech pumps サービス ■Service 36.5 First
Slide 10: Torishima Business Strategy 2
Torishima Business Strategy 2 Since we began focusing on the service business in FY2009, we have expanded to 15 locations worldwide. We expect to continue expanding in the future. Year Company Country 1 1999 Torishima Guna Engineering Indonesia 2 2009 Torishima Service Solutions UAE 3 2010 Torishima
Slide 11: SG&A expenses and SG&A expenses ratio (consolidated)
SG&A expenses and SG&A expenses ratio (consolidated) SG&A expenses are on the rise, but the ratio of SG&A expenses to sales remains stable. In addition, the SG&A ratio tends to be higher in the first half of the year, as sales on the parent company basis are weighted towards the second half of the y
Slide 12: FY2024 Full-Year Forecast
【1】Financial Results for the 2Q FY2024 【2】FY2024 Full-Year Forecast 【3】TOPIXS 12
Slide 13: FY2024 Full-Year Forecast (Consolidated)
FY2024 Full-Year Forecast (Consolidated) - Orders received and revenue are progressing in line with the plan. - Profit is expected to recover in the second half of the year, but the full-year forecast has been revised downwards due to the results of the first half of the year Billions of yen FY2024
Slide 14: FY2024 Full-Year Forecast (Non consolidated & Subsidiaries)
FY2024 Full-Year Forecast (Non consolidated & Subsidiaries) ■Non consolidated FY2024 FY2023 Difference from Result First half Initial plan Revised plan initial plan Sales 62.9 26.6 67.0 68.0 +1.0 Operating income 4.3 -0.8 4.8 3.5 -1.3 (Operating profit margin) (6.8%) (-3.0%) (7.1%) (5.1%) (-2.0pt) ■
Slide 15: TOPICS
【1】Financial Results for the 2Q FY2024 【2】FY2024 Full-Year Forecast 【3】TOPIXS 15
Slide 16: To be Indispensable to Society
Torishima’s Materliality We continue to strive, solving social issues, aiming to be an indispensable company for society. To be Indispensable to Society Global Social Issues Torishima’s Materliality Products and Services 1. Boost Energy-efficiency Initiative with the Global warming Key issues for Cr
Slide 17: Provide pumps for clean energy market (Ammonia)
Provide pumps for clean energy market (Ammonia) ▼Installation of the Pump completed at Torishima Indonesia Jun. 2024 The demonstration test at the JERA Hekinan Power Plant ended with positive results. Oct. 2024 Installation of an in-tank pump system in Indonesia progressing smoothly Dec. 2024 – Jan.
Slide 18: Provide pumps for clean energy market (CO2 carputer pump)
Provide pumps for clean energy market (CO2 carputer pump) Mitsubishi Heavy Industries and Torishima have combined their technologies to enter the CCS (carbon dioxide capture) field. High-capacity, High-pressure centrifugal pump technology that Torishima has cultivated in the seawater desalination pu
Slide 19: Successful performance test of a pump for a 500m deep seawater desalination plant
Provide pumps for water shortage and food crisis (Deep sea desalination pump) Successful performance test of a pump for a 500m deep seawater desalination plant Expanding opportunities for our water-sealed motor technology, one of the Torishima’s strengths Final design for the complete Subsea Module
Slide 20: Torishima pumps for seawater desalination plants are attracting attention
Provide pumps for water shortage and food crisis (Seawater desalination pump) Torishima pumps for seawater desalination plants are attracting attention An article about Torishima's pumps for seawater desalination plants was published in the Nikkei newspaper on 11th October 2024. 11th Oct. 2024 Nikke
Slide 21: Appendix
Appendix 21
Slide 22: Orders Received, Sales and Orders Backlog by Segment
Orders Received, Sales and Orders Backlog by Segment Millions of yen 2Q FY2023 2Q FY2024 Orders Orders Orders received Sales Orders received Sales backlog backlog Public-sector 10,379 4,937 26,422 14,859 5,667 35,704 YOY 10.1% ▲14.0% 39.4% 43.1% 14.7% 35.1% Private-sector 5,571 6,080 9,990 5,665 5,5
Slide 23: Orders Received, Sales and Orders Backlog by Segment
Orders Received, Sales and Orders Backlog by Segment 40,000 Orders received 70,000 30,000 Sales 40,000 60,000 25,000 30,000 30,000 50,000 20,000 40,000 20,000 15,000 20,000 30,000 20,000 10,000 10,000 10,000 10,000 5,000 0 0 2020.2Q 2021.2Q 2022.2Q 2023.2Q 2024.2Q 0 0 2020.2Q 2021.2Q 2022.2Q 2023.2Q
Slide 24: Orders Received, Sales and Orders Backlog by Business Domain
Orders Received, Sales and Orders Backlog by Business Domain Millions of yen 2Q FY2023 2Q FY2024 Orders Orders Orders Orders Sales Sales received backlog received backlog High-tech pump 19,318 18,120 47,737 16,135 17,123 46,595 YOY ▲9.1 89.3% 9.1% ▲16.5% ▲5.5% ▲2.4% Project 11,456 5,459 36,341 22,53
Slide 25: Orders Received, Sales and Orders Backlog by Business Domain
Orders Received, Sales and Orders Backlog by Business Domain 25,000 Orders received 70,000 20,000 Sales 40,000 35,000 60,000 20,000 15,000 30,000 50,000 25,000 15,000 40,000 10,000 20,000 10,000 30,000 15,000 20,000 5,000 10,000 5,000 10,000 5,000 0 0 0 0 2020.2Q 2021.2Q 2022.2Q 2023.2Q 2024.2Q 2020
Slide 26: Orders Received Breakdown by Region
Orders Received Breakdown by Region Billions of yen Breakdown Japan Overseas Total Asia Middle East Others 15,637 29,795 7,599 7,958 14,238 2Q FY2022 (34.4%) (65.6%) (16.7%) (17.6%) (31.3%) 45,432 15,950 29,011 7,766 5,234 16,011 2Q FY2023 (35.5%) (64.5%) (17.3%) (11.6%) (35.6%) 44,961 20,524 37,294
Slide 27: Sales Breakdown by Region
Sales Breakdown by Region Billions of yen Breakdown Japan Overseas Total Asia Middle East Others 10,429 14,701 5,058 4,646 4,997 2Q FY2022 (41.5%) (58.5%) (20.3%) (18.3%) (19.9%) 25,130 11,018 22,859 5,283 4,109 13,467 2Q FY2023 (32.5%) (67.5%) (15.6%) (12.1%) (39.8%) 33,877 11,177 26,388 7,302 8,17
Slide 28: Inquiries
Forecasts regarding future performance in these materials are based on judgment made in accordance with information available at the time this presentation was prepared. Therefore, please notice that there is a risk or uncertainty that the actual results may be different from these predicted results
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