Financial Results of FY2024
26th Nov. 2024
Process Technologies for Tomorrow
Ticker symbol：6277
© HOSOKAWA MICRON CORP. All rights Reserved.
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2
3
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Summary of Financial Results for FY2024
Forecast for FY2025
Long-term vision
Medium-term Three-year Business Plan (FY2025 to FY2027)
Appendix: Reference Materials
© HOSOKAWA MICRON CORP. All rights Reserved. | 1/54 |
１
2
3
４
Summary of Financial Results for FY2024
Forecast for FY2025
Long-term vision
Medium-term Three-year Business Plan (FY2025 to FY2027)
Appendix: Reference Materials
© HOSOKAWA MICRON CORP. All rights Reserved. | 2/54 |
Financial Summary
Development and provision of new, unique, high value-added products and servicesnot available from other companies
Sales of projects with price hikes are being booked, and gross profit margins are improving.
Powder Processing Business： Bookings are generally delayed due to the postponement and cancellation of projects in the world. Blown Film Business： Significant increase in bookings, including several large projects in the U.S.
Consolidated | |||||||
Bookings | Net sales | Record | Operating profit Record | ||||
¥77.7billion | high | high | |||||
¥85.4billion | ¥8.2billion | ||||||
YoY -1.5％ | YoY +7.4％ | YoY +4.0％ | |||||
Powder Processing Business | Blown Film Business | ||||||
Bookings | Net sales | Record | Bookings | Net sales Record | |||
57.4 | high | 20.2 | high | ||||
¥ | ¥65.0billion ¥ | ||||||
billion | billion ¥20.4billion | ||||||
YoY -12.5％ | YoY +5.3％ | YoY +53.2％ | YoY +14.5％ |
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Business Segment
Blown Film Business
23%
Powder Processing Business
Equipment | Toll | Material |
sales and | processing | |
engineering |
FY2024
Percentage of Net sales
77%
Powder
Processing
Business
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AftersalesR&D
Blown Film Business
Equipment
sales and
engineering4/54
Business Results
Ordinary profit reached ¥9 billion for the first time.
Net profit decreased from the previous year due to extraordinary losses. (impairment losses on core system-related assets and land holdings in Europe)
(¥ million) | FY2023 Results(a) | FY2024 Results(b) | YoY changes | YoY | ||
(c=b-a) | changes(%)(c/a) | |||||
Bookings | 78,882 | 77,717 | (1,165) | -1.5% | ||
Net sales | 79,531 | 85,432 | 5,901 | +7.4% | ||
Cost of sales | 52,342(65.8%) | 55,485(64.9%) | 3,143(-0.9pp) | +6.0% | ||
(%) | ||||||
Gross profit | 27,188(34.2%) | 29,947(35.1%) | 2,759(+0.9pp) | +10.1% | ||
(%) | ||||||
SG&A expenses | 19,226(24.1%) | 21,668(25.3%) | 2,442(+1.2pp) | +12.7% | ||
(%) | ||||||
Operating | 7,961(10.0%) | 8,279(9.7%) | 318(-0.3pp) | +4.0% | ||
profit(%) | ||||||
Ordinary profit | 8,349 | 9,241 | 892 | +10.7% | ||
(%) | ||||||
Net profit | 5,968 | 5,580 | (388) | -6.5% | ||
Rate in FY2023: | 1USD=138.97JPY,1EUR=148.29JPY | |||||
Rate in FY2024: 1USD=150.44JPY,1EUR=163.08JPY | 5/54 | |||||
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Bookings by Application
Conspicuous postponement of investment decisions, especially for projects related to LIB materials for rechargeable batteries
Increased some sectors such as pharmaceuticals, resins, and contract processing
Blown film sales increased significantlydue to large projects.
(¥100 million)
Pharmaceuticals
Foods | Blown | |
Chemicals | ||
films | ||
Polymers |
Pharmace | ||
uticals | ||
Blown films | 9% | Foods |
26% | 7% |
Toll
Recycle processing
Electronic materials
(incl. LIBs)
Metals &
Minerals
Aftersales Others
FY2024 | Chemicals |
Bookings by | 11% |
Others | Application(%) | Electronic | |
6% | materials | ||
Toll | 5% | ||
Polymers | |||
processing | Aftersales | 3% | |
4% | Metals & | ||
20% | |||
Minerals | |||
Recycle | 5% | ||
4% |
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Trend of Bookings, Net Sales & Backlog
While Net sales are steadily increasing, bookings are slowing down and the backlog is decreasing.
(¥100 million) | |||||||||||||||||||||||||||||||||||
700 | |||||||||||||||||||||||||||||||||||
Bookings | |||||||||||||||||||||||||||||||||||
600 | Net sales | 527 | |||||||||||||||||||||||||||||||||
Backlog | 500 | ||||||||||||||||||||||||||||||||||
500 | 447 | ||||||||||||||||||||||||||||||||||
400 | 372 | ||||||||||||||||||||||||||||||||||
300 | 267 | 264 | 229 | 272 | |||||||||||||||||||||||||||||||
200 | 175 | ||||||||||||||||||||||||||||||||||
100 | |||||||||||||||||||||||||||||||||||
0 | |||||||||||||||||||||||||||||||||||
1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 | 1 | 2 | 3 | 4 |
Q | Q | Q | Q | Q | Q | Q | Q | Q | |||||||||||||||||||||||||||
FY2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
* Backlog is translated into Japanese currency at the | （ Ref. Exchange rate at the end of FY2024 ） 1USD=142.73JPY, 1EUR=159.43JPY | |
exchange rate at the end of FY2024. | 7/54 | |
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Trend of Dwell Time in Backlog
Procurement lead time improved and delivery time tends to shorten, approaching the level before the COVID-19 pandemic.
* Backlog dwell time (day) ＝
Backlog
Net sales per day(Net Sales ÷365)
273day | ||||||||
242day | ||||||||
223day | ||||||||
186day | 191day | |||||||
151day | ||||||||
FY2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
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Net Sales Increase/Decrease Factors
Powder processing business reached a record high due to the effect of yen depreciation, but excluding the effect of exchange rate fluctuations, the segment recorded a net decrease.
Growth in Blown film business compared to the previous fiscal year.
＜ exchange sensitivity ＞
Foreign | (¥ million) | USD | EUR | |||
Net Sales | 105 | 291 | ||||
(¥100 million) | Blown film | exchange | ||||
Powder | ||||||
processing business business
Favorable | Rate in FY2023 | |
regions | ||
Main reasons | 1USD=138.97JPY | |
North America | ||
for decrease | 1EUR=148.29JPY | |
• Electronic materials | Rate in FY2024 | |
(incl. LIBs) | ||
1USD=150.44JPY | ||
• Metals & Minerals | ||
1EUR=163.08JPY |
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