Q2 FYE2025
Consolidated Financial Results
Earnings Announcement
( Fiscal year ended March, 2025 )
October 31, 2024
Tokyo, Japan
Notes
3
- Analysis of Operating Results (Reasons for change in Revenue and Segment Operating Income)
In the supplementary materials to the financial statements of NSHD, starting from the fiscal year ending March 31, 2022, NSHD will describe the status of the business results of NSHD group on a quarterly consolidated accounting period basis, as well as its recognition and analysis of the status of the business results of NSHD group from management's perspective. Please note that Segment Operating Income is based on Core Operating Income.
- The following table shows Revenue, Operating income, and the effect of Forex rate changes on Revenue and Operating Income.
The impact of Forex rate fluctuation is calculated by applying the average rate for the period under review to the period under review (the current period and the previous period).
These disclosures are not in accordance with International Financial Reporting Standards (IFRS). However, we believe that these disclosures are useful analytical information for investors to understand the business conditions of the Group.
＜Forex rates＞ | Average Forex rates | （Reference） | |||||||||||||||||||||||||
FYE2024 | FYE2025 | FYE2025 | Currency sensitivity | ||||||||||||||||||||||||
as rough indication | |||||||||||||||||||||||||||
Impact of devaluation by 1 JPY | |||||||||||||||||||||||||||
Full-term | |||||||||||||||||||||||||||
Unit：JPY | Q1 | 1st Half | 9M | Full-term | Q1 | 1st Half | 9M | Full-term | Assumption | Unit：¥ bn. | (Full-term basis) | ||||||||||||||||
Currency | （Apr.-Jun.） | （Apr.-Sep.） | （Apr.-Dec.） | （Apr.-Mar.） | （Apr.-Jun.） | （Apr.-Sep.） | （Apr.-Dec.） | （Apr.-Mar.） | （Apr.-Mar.） | Currency | Revenue | Core Operating Income | |||||||||||||||
(Announced on May 13, 2024) | |||||||||||||||||||||||||||
USD | 139.63 | 142.61 | 143.78 | 145.31 | 158.24 | 152.45 | 145.31 | USD | +2.4 | +0.35 | |||||||||||||||||
EUR | 151.89 | 154.81 | 156.24 | 157.72 | 170.08 | 165.83 | 157.72 | EUR | +1.9 | +0.35 | |||||||||||||||||
SGD | 103.66 | 105.79 | 106.90 | 108.03 | 116.65 | 114.37 | 108.03 | ||||||||||||||||||||
AUD | 91.94 | 93.44 | 94.47 | 95.32 | 104.66 | 101.80 | 95.32 | ||||||||||||||||||||
CNY | 19.67 | 19.87 | 20.01 | 20.20 | 21.76 | 21.20 | 20.20 | ||||||||||||||||||||
- Presentation of overall business performance and segment performance
The amounts shown are after offsetting and elimination of inter-segment transactions and do not include consumption tax etc.
Notes that from Q3 FYE2023, the reportable segment names simplified, but the scope of segment aggregation didn't change.
October 31, 2024 | NIPPON SANSO Holdings Supplementary Materials FYE2025 Q2 results
Contents
- Strategic overview
- Integrated Report
- Q2 FYE2025 Business performance
-1. Q2 performance
-2. 1H performance
4. FYE2025 Full-term Forecast Appendix
4
October 31, 2024 | NIPPON SANSO Holdings Supplementary Materials FYE2025 Q2 results
1. Strategic overview
5
October 31, 2024 | NIPPON SANSO Holdings Supplementary Materials FYE2025 Q2 results
1. Strategic overview
Key Highlights
Respond promptly to customer and social trends
Continue productivity improvements and price management
Seize opportunities to expand business continually
Steady progress in non-financial activity
Strong commitment to improving corporate value
6
October 31, 2024 | NIPPON SANSO Holdings Supplementary Materials FYE2025 Q2 results
1. Strategic overview
NS Vision 2026 | Enabling the Future
Our Medium-term Management plan (MTP)
Group Philosophy
Proactive. Innovative. Collaborative. Making life better through gas technology. The Gas Professionals
Group Vision
We aim to create social value through innovative gas solutions that increase industrial productivity, enhance human well-being
and contribute to a more sustainable future.
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October 31, 2024 | NIPPON SANSO Holdings Supplementary Materials FYE2025 Q2 results
1. Strategic overview
Non-financial KPI target in NS Vision 2026
Environment
Social
Governance
＜Environment＞
- Reduction rate of GHG emissions
(Base year: FYE2019*1)
- GHG emission reduction contribution exceeds GHG emission (Scope 1+2)
･Breakdown information ：Please see the details here.
(Unit: Thousands of tonnes CO2e )
- Lower customer GHG emissions through environmental product offerings and applications
- NSHD Group GHG emission (Scope 1＋2)
＜Safety Management＞
- Lost Time Injury Rate
＜HR＞
- Rate of female employees
- Rate of female management posts
＜Compliance＞
- Rate of receiving compliance training
FYE2024
Actual
15.3%
down
X＞Y
7,454
5,667
2.09
20.2%
15.4%
*2
99.4%
FYE2026
Target
18%
down
X＞Y
≤1.6
≥22%
≥18%
100%
*1 The figure for the volume of GHG emissions for FYE2019, which is the reference value, calculates the actual GHG emissions in FYE2019 plus the following:
- estimated emissions in the European segment in FYE2019 and 2) estimated emissions of the U.S. HyCO business in FYE2019. and 3) Others *2 100% completion rate as of the end of June 2024
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October 31, 2024 | NIPPON SANSO Holdings Supplementary Materials FYE2025 Q2 results
1. Strategic overview
Material balance & Environmental contribution
Input | Output |
Draft under
consideration
Energy and resource inputs in business activities | Environmentally hazardous substances generated by business activities |
Raw material
Air
Natural gas
2%
23%
Energy
13,367 GWh
Electic power Fuels Heat
75%
6% 0.1%
Business activities
19%
GHG
emissions
5,667
thousands of tonnes CO2e
81% | Scope1 | Scope2 | ||
Wastewater | 27 millions of m3 | |||
Waste emissions | 15,170 tonnes |
By-product
gas
(CO2 raw material)
Water
33% | 40 millions of m3 | |
Surface water | ||
Water supply from local government | ||
Groundwater | 61% | |
Other |
Waste disposed of as landfill | 3,926 tonnes |
GHG emission reduction contribution | |
Total | 7,454 thousands of tonnes CO2e |
Products & services | 3,775 thousands of tonnes CO2e |
Industrial gases | 3,679 thousands of tonnes CO2e |
(Note) For details on the reporting data, please refer to P1, "Sustainability Data" in our Integrated Report 2024.
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October 31, 2024 | NIPPON SANSO Holdings Supplementary Materials FYE2025 Q2 results
1. Strategic overview
Addressing Biodiversity: Participating in the TNFD Forum
In August 2024, NSHD participated in the TNFD Forum*1 and register as a TNFD Adopter*2.
NSHD supports the TNFD's aim of shifting to "Nature positive" and will collate and disclose information on each of the recommended disclosure items in accordance with the TNFD framework.
July 2024: OIST Coral Project*3
Participating as a special partner. | Original bottle by Thermos |
to support the project*4 | |
Towards the conservation of biodiversity
2021.2 Formulated "Nippon Sanso Group Environmental Policy"
2024.1 Participated in "Keidanren Initiative for Biodiversity Conservation"*5
*1 TNFD Forum: A network in which companies and organizations with expertise in a wide range of fields participate and support the construction of an information disclosure framework based on TNFD.
*2 TNFD Adopter: A company or organization that has registered its intention, on the TNFD Website, to make public disclose aligned with the TNFD Recommendations issued in September 2023. Registered companies and organizations need to make disclosures in line with the TNFD Recommendations in respect of their fiscal year of 2024 or 2025.
*3 Coral reef conservation activities lead by OIST (Okinawa Institute of Science and Technology Graduate University), with its scientific knowledge of genome information and detection technology of environmental DNA. *4 On sale from September 30, 2024, limited in 2 Thermos shops in Okinawa.
*5 The initiative includes companies and organizations that have endorsed the "Keidanren Declaration for Biodiversity and Guideline" (guideline shows vision and the role of companies to achieve the target of a nature positive world in 2030),
which was established by Keidanren (Japan Business Federation) and the Keidanren Committee on Nature Conservation.
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October 31, 2024 | NIPPON SANSO Holdings Supplementary Materials FYE2025 Q2 results
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