Financial Results
The 1st half of FY2024
5th Jun. 2024
ticker symbol：6277
© HOSOKAWA MICRON CORP. All rights Reserved.
- Financial summary
- Outlook for the Future
- Topics
- Appendix
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- Financial summary
- Outlook for the Future
- Topics
- Appendix
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Financial summary
Steadily booked sales from its abundant backlog of orders, and the effect of the yen's depreciation also contributed to record-high net sales.
Improved profitability due to the gradual recording of sales from projects with increased prices and in addition to the effect of increased revenues.
Powder processing business : Orders decreased as customers were cautious in their investment decisions due to uncertainty over the global economic environment.
Blown film business：Orders increased due in part to the acquisition of large projects.
Consolidated | Bookings | Net sales | Operating profit | |
41.2billion JPY 41.4billion JPY | 3.7billion JPY | |||
YoY | YoY | YoY | ||
- 6.4％ | ＋11.5％ | ＋18.0％ | ||
Record high | Record high | |||
Powder Processing Business | Blown Film Business | |||
Bookings | Net sales | Bookings | Net sales | |
31.3billion JPY | 32.3billion JPY | 9.8billion JPY | 9.1billion JPY | |
YoY | YoY | YoY | YoY | |
- 13.1％ | ＋8.7％ | ＋23.7％ | ＋23.0％ | |
Record high | Record high |
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Business Segment
22%
FY2024 1H | ||
Net sales by | ||
business | ||
segment(%) | ||
78% | ||
Blown film business | Powder processing business | |
Equipment sales | Aftersales | Equipment sales | Toll | Material |
and engineering | and engineering | processing | ||
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Business Results
FY2023 1H | FY2024 1H | YoY changes | YoY Changes(%) | |||||
Results(a) | Results(b) | (c=b-a) | (c/a) | |||||
Booking | 44,054 | 41,228 | - 2,826 | - 6.4％ | ||||
Net sales | 37,182 | 41,477 | ＋4,295 | ＋11.5% | ||||
Cost of sales | 24,725 | 27,322 | ＋2,597 | +10.5% | ||||
Gross profit | 12,457 | 14,154 | ＋1,697 | +13.6% | ||||
Gross profit margin | 33.5% | 34.1% | ＋0.6ppt | |||||
SG&A expenses | 9,253 | 10,374 | ＋1,121 | +12.1% | ||||
Operating profit | 3,204 | 3,779 | ＋575 | +18.0% | ||||
Operating profit margin | 8.6% | 9.1% | ＋0.5ppt | |||||
Ordinary profit | 3,367 | 4,259 | ＋892 | +26.5% | ||||
Net profit | 2,529 | 2,434 | - 95 | - 3.7% | ||||
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Non-operating income and extraordinary losses
Non-operating income
Operating profit Ordinary profit
3,779 | 4,259 |
million JPY | million JPY |
＋480million JPY
Extraordinary losses
Ordinary profit | Income before |
income taxes | |
4,259 | 3,323 |
million JPY | million JPY |
- 936million JPY
Main Factors
- Increase in interest income due to higher interest rates in the U.S. and Europe
- Increase in equity in earnings of affiliates due to good performance of equity-method affiliates
283
million JPY
112
million JPY
Main Factors
- Impairment loss on core system- related assets in Japan
- Impairment loss on sales of land and buildings in Europe
783
million JPY
154
million JPY
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Bookings by Application
Polymers and Blown Films performed well.
Decrease from the same period of the previous fiscal year in mainstay chemical and electronic materials-related applications, mainly for rechargeable batteries, which had been strong.
The pharmaceuticals and contract processing sectors, which were strong in the same period of the previous fiscal year, were retained.
(100 million JPY)
Pharmaceuticals
Foods
Pharmaceuticals | |||
9.2% | |||
Blown films | Foods | ||
23.9% | |||
6.7% | |||
Chemicals | |||
Bookings by | 12.9% | ||
others | |||
Application(%) | |||
6.3% | |||
Electronic | |||
Toll | materials | ||
Polymers | 5.0% | ||
processing | 4.0% | ||
4.2% | Recycle | ||
Aftersales 3.8% | Metals & | ||
18.9% | Minerals | ||
5.1% |
Chemicals | Polymers | Toll | |
Recycle | Others | ||
processing | |||
Metals & | Blown | ||
Aftersales | films | ||
Electronic | Minerals | ||
materials (incl. LIBs)
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Trend of Bookings, Net sales & Backlog
Long delivery times have stabilized, and sales recordings are steadily progressing based on the abundant backlog.
（100 million JPY）
700
Bookings Net sales Backlog
600
499
537
500
400
527
371
300
200
100
0
267
174
263 | 271 |
229 |
1 Q 2 3 4 1 Q 2 3 | 4 1 Q 2 3 | 4 1 Q 2 3 | 4 1 Q 2 3 | 4 1 Q 2 3 | 4 1 Q 2 3 | 4 1 Q 2 3 | 4 1 Q 2 3 | 4 | |
FY2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
- Backlog is translated into Japanese currency at the exchange rate (CR) at the end of FY2024.2Q.
（ref. FY2024.2Q-end rate ）EUR:163.24JPY, USD:151.41JPY
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Trend of dwell time in Backlog
Longer delivery times for procured parts and materials continue, but the number of days of backlogged orders is improving.
273day | 237day | |
223day | 242day | |
186day
151day
FY2019 | 2020 | 2021 | 2022 | 2023 | 2024 1H |
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Backlog
Net Sales per day（ Net Sales ÷365）
*2 Concerning sales per day for the first half of FY2024, the following calculations have been made.
Net Sales per day ＝ Net Sales ÷182
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