Japan Steel Works, Ltd. TSE:5631
Japan Steel Works : Business Results for the First Half of the Fiscal Year 2024 (Ended March 31, 2025)
Source: MarketScreener
FY2024 / Business Results for the 1st Half of FY2024
November 14, 2024
Toshio Matsuo
Representative Director & President
The Japan Steel Works, Ltd.
Material RevolutionTM, making the world sustainable and prosperous. | 1 |
© The Japan Steel Works, Ltd. All Rights Reserved. |
Note;
The performance forecasts and other forward-looking statements included in this report are based on the information that was available to The Japan Steel Works, Ltd. (the "Company") and certain assumptions deemed to be reasonable at the time this report was prepared, and the actual results may differ significantly from these forecasts due to a variety of reasons.
Material RevolutionTM, making the world sustainable and prosperous. | 2 |
© The Japan Steel Works, Ltd. All Rights Reserved. |
INDEX
PART Ⅰ
Results for the 1st Half of FY2024
- Status of Orders Received, Sales and Profits
- Analysis on Changes in Operating Income
- Results by Segments
- Industrial Machinery Products Business
- Material and Engineering Business
PART Ⅱ
Forecast for FY2024
- Forecast for Orders Received, Sales and Profits
- Analysis on Changes in Operating Income
- Forecast by Segments
- Industrial Machinery Products Business
- Material and Engineering Business
- Changes in Order Backlog and Forecast by Segments
- Status of Capital Investment, Depreciation,
Cash Flows, Financial Position and R&D Expenses
18 Dividend Policy of JGP2028 and the Results
PART Ⅲ
Business Overview
- Market Sentiment for the Main Product in the Industrial Machinery Products Business
- Market Sentiment for the Main Product in the Material and Engineering Business
- Film and Sheet Manufacturing Equipment
- Plastic Production Machinery and efforts to increase production capacity
- Molding machines: Market outlook & prospect for FY24
- Thermal and Nuclear Power Products
Reference Materials：
Composition of the Business Segments and Main Products / Trends in Net Sales, Operating Income and Profit / Trends in Major Assets and Cash Flows /Corporate philosophy, starting with purpose
Material RevolutionTM, making the world sustainable and prosperous. | 3 |
© The Japan Steel Works, Ltd. All Rights Reserved. |
[PART I]
Results for the 1st Half of FY2024
Material RevolutionTM, making the world sustainable and prosperous. | 4 |
© The Japan Steel Works, Ltd. All Rights Reserved. |
Status of Orders Received, Sales and Profits
Orders received and Net sales decreased, while Profits increased.
Orders received
Net sales
Operating income
(%)
Ordinary income
Profit
Profit per share
(Yen)
Divident per share
(Yen)
（Unit: Billion Yen） | |||
FY2023 | FY2024 | Year-on-Year | |
1st Half | 1st Half | Change | |
(A) | (B) | (B) - (A) | |
165.9 | 141.0 | (24.9) | |
110.1 | 108.2 | (1.9) | |
5.7 | 8.2 | 2.5 | |
5.2% | 7.7% | ||
6.7 | 8.6 | 1.9 | |
4.7 | 6.0 | 1.3 | |
64.73 | 81.65 | 16.92 | |
29.0 | 38.0 | 9.0 | |
Material RevolutionTM, making the world sustainable and prosperous. | 5 |
© The Japan Steel Works, Ltd. All Rights Reserved. |
Analysis on Changes in Operating Income
Operating income increased by 2.5-billion-yen with the increase of sales and price improvement.
（Unit: Billion Yen） | |||||||
Revision in cost allocation | |||||||
+5.2 | (1.2) | Machinery:（1.0） | |||||
Machinery: (2.0) | (1.8) | ||||||
Material: 0.8 | |||||||
Variable | Machinery: (1.0) | 8.2 | |||||
Machinery: 1.7 | Cost | Material: (0.8) | +0.1 | +0.2 | |||
Material: 3.5 | |||||||
Fixed Cost | Impact of Forex | Unclassifiable | |||||
Fluctuations | Expenses | ||||||
5.7 | |||||||
Increase/Decrease | Average exchange rate for the | ||||||
in Production, Sales | |||||||
transactions on USD | |||||||
and Prices | FY2023: JPY143/USD |
FY2024: JPY152/USD
FY2023 | FY2024 |
1st Half | 1st Half |
Material RevolutionTM, making the world sustainable and prosperous. | 6 |
© The Japan Steel Works, Ltd. All Rights Reserved. |
Results by Segments
Industrial Machinery : Orders received and Net sales decreased, Operating income was
affected by the revision in cost allocation.
Material and Engineering : Net sales and Operating income increased. Orders received decreased as a reaction to the large amount of the last year.
Industrial Machinery
（Unit: Billion Yen）
Material and Engineering | （Unit: | Billion Yen） |
Material RevolutionTM, making the world sustainable and prosperous. | 7 |
© The Japan Steel Works, Ltd. All Rights Reserved. |
Industrial Machinery Products Business
Orders received and Net sales of plastic production and processing machinery decreased due to the slow down in demand for EV.
Net Sales / | |||||
Operating Income | |||||
Unit: Billion Yen） | |||||
（ | |||||
FY2023 | FY2024 | Year-on-Year | |||
Change | |||||
1st Half | 1st Half | ||||
(A) | (B) | (B)-(A) | |||
Plastic production and | 44.5 | 29.5 | (15.0) | ||
processing machinery | |||||
Molding machines | 28.8 | 30.7 | 1.9 | ||
Defense equipment | 9.8 | 11.3 | 1.5 | ||
Others | 9.3 | 14.4 | 5.1 | ||
Total | 92.5 | 86.1 | (6.4) | ||
Operating income | 8.2 | 6.9 | (1.3) | ||
Orders Received | |||||||
（Unit: Billion Yen） | |||||||
FY2023 | FY2024 | Year-on-Year | |||||
Change | |||||||
1st Half | 1st Half | ||||||
(C) | (D) | (D)-(C) | |||||
56.8 | 37.4 | (19.4) | |||||
33.6 | 34.0 | 0.4 | |||||
25.0 | 31.8 | 6.8 | |||||
15.0 | 14.0 | (1.0) | |||||
130.4 | 117.3 | (13.1) | |||||
Material RevolutionTM, making the world sustainable and prosperous. | 8 |
© The Japan Steel Works, Ltd. All Rights Reserved. |
Material and Engineering Business
Net Sales increased driven by the increase of Steel forgings and plates. Demand for Steel forgings and plates remain strong while the orders received declined as the reaction to the big order of Nuclear forgings of the last year.
Net Sales / Operating Income | ||||||
（Unit: Billion Yen） | ||||||
FY2023 | FY2024 | Year-on-Year | ||||
Change | ||||||
1st Half | 1st Half | |||||
(A) | (B) | (B)-(A) | ||||
Steel forgings and | 13.0 | 16.9 | 3.9 | |||
plates | ||||||
Engineering, etc. | 3.6 | 4.1 | 0.5 | |||
Total | 16.6 | 21.0 | 4.4 | |||
Operating income | 0.5 | 4.1 | 3.6 | |||
Orders Received | |||||
（Unit: Billion Yen） | |||||
FY2023 | FY2024 | Year-on-Year | |||
Change | |||||
1st Half | 1st Half | ||||
(D) | (E) | (E)-(D) | |||
30.0 | 18.8 | (11.2) | |||
4.4 | 3.8 | (0.6) | |||
34.4 | 22.6 | (11.8) | |||
Material RevolutionTM, making the world sustainable and prosperous. | 9 |
© The Japan Steel Works, Ltd. All Rights Reserved. |
[PART Ⅱ]
Forecast for FY2024
Material RevolutionTM, making the world sustainable and prosperous. | 10 |
© The Japan Steel Works, Ltd. All Rights Reserved. |