Q1/FY2024 Results Supplemental Information
NOK Corporation
August 2, 2024
Copyright © NOK CORPORATION All Rights Reserved.
Q1/FY2024 Consolidated Results
Net sales
Operating income
Operating Margin
Ordinary income
Net income*
*Net income attributable to parent
FY23/Q1 | FY24/Q1 | Changes | |
ACT | ACT | ||
164.0 | 188.2 | +14.8% | |
(1.2) | 5.7 | - | |
(0.7)％ | 3.0% | +3.8pt | |
6.4 | 12.0 | +86.8% | |
2.3 | 7.0 | +205.3% |
（billion yen）
FY24/1H
FCST
364.6
9.5
2.6％
13.4
8.0
Disclosed on May 13, 2024
Capital expenditure Depreciation Average Fx rate (JPY/USD)
9.0 | 12.4 |
11.6 | 11.6 |
135.28 | 154.56 |
FY24Q1 Year-on-year Fx impacts Net sales: +12.9bil. , OP: +0.4bil.
2 | Copyright © NOK CORPORATION All Rights Reserved. |
Q1/FY2024 Results: Net Sales and Operating Income by Segment
Net sales | |
Seal | Operating income |
Operating margin | |
Net sales | |
Electronic product | Operating income |
Operating margin | |
Net sales | |
Other | Operating income |
Operating margin |
FY23/Q1 | FY24/Q1 | Changes |
ACT | ACT | |
87.2 | 87.7 | +0.5% |
3.4 | 4.5 | +30.5% |
3.9％ | 5.1% | +1.2pt |
70.0 | 91.9 | +31.4% |
(4.8) | 0.4 | - |
(6.8)% | 0.5% | +7.3pt |
6.8 | 8.6 | +26.6% |
0.1 | 0.7 | +638.6% |
1.4％ | 8.2% | +6.8pt |
（billion yen)
FY24/1H
FCST
176.8
6.6
3.7％
173.6
2.6
1.5%
14.2
0.3
2.1%
Disclosed on May 13, 2024
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Seal Segment: FY24/Q1 OP Year-on-Year Analysis
1.6 | 0.3 | 4.5 | |
3.4 | |||
+1.1 bn | (0.5) | ||
(0.4) | |||
FY23/Q1 OP | |||||||||||||
Impact of sales | Variable costs etc | Fixed costs | |||||||||||
Fx impacts | FY24/Q1 OP |
Impact of sales
Variable costs etc
Fixed costs
Negative
Sales increase
(incl. sales price)
Positive
Material costs etc, Cost reduction
Inventory evaluation
Positive
Depreciation
Negative
Operating expenses Personnel expenses
4 | Copyright © NOK CORPORATION All Rights Reserved. |
Electronic Product Segment: FY24/Q1 OP Year-on-Year Analysis
(4.8)
FY23/Q1 OP
5.30.2
(0.4)
+5.2 bn
Impact of sales | Variable costs etc | Fixed costs |
0.10.4
Fx impacts | FY24/Q1 OP |
Impact of sales
Variable costs etc
Fixed costs
Positive
Sales increase
Positive
Yield rate, Cost reduction
Positive
Depreciations
Negative
Operating expenses Personnel expenses
5 | Copyright © NOK CORPORATION All Rights Reserved. |
FY2024 Revised Consolidated Forecasts
Net sales Operating income Operating margin Ordinary income Net income*
FY24/1H | FY24/1H | Changes | |
Initial FCST | Revised FCST | ||
364.6 | 387.6 | +23.0 | |
9.5 | 14.2 | +4.7 | |
2.6％ | 3.7% | +1.1pt | |
13.4 | 20.3 | +6.9 | |
8.0 | 12.5 | +4.5 |
（billion yen) | ||
FY24 | FY24 | Changes |
Initial FCST | Revised FCST | |
708.3 | 744.7 | +36.4 |
21.8 | 28.0 | +6.2 |
3.1％ | 3.8% | +0.7pt |
30.0 | 38.1 | +8.1 |
17.7 | 23.2 | +5.5 |
*Net income attributable to parent
Average Fx rate | 140 | *see below |
(JPY/USD) |
*Revised forecasts are based on assumption of 150yen/USD as average Fx rate for 9 months from July 1, 2024.
140 *see below
FY24 FCST: impacts of Fx assumption change Net sales:+36.3bil., OP: +1.9bil.
6 | Copyright © NOK CORPORATION All Rights Reserved. |
FY2024 Revised Forecasts: Net Sales and Operating Income by Segment
Net sales | |
Seal | Operating income |
Operating margin | |
Net sales | |
Electronic product | Operating income |
Operating margin | |
Net sales | |
Other | Operating income |
Operating margin |
FY24/1H | FY24/1H | Changes | ||
Initial FCST | Revised FCST | |||
176.8 | 178.0 | +1.2 | ||
6.6 | 7.7 | +1.1 | ||
3.7％ | 4.3% | +0.6pt | ||
173.6 | 192.8 | +19.2 | ||
2.6 | 5.4 | +2.8 | ||
1.5% | 2.8% | +1.3pt | ||
14.2 | 16.8 | |||
+2.6 | ||||
0.3 | 1.1 | |||
+0.8 | ||||
2.1％ | 6.4% | +4.4pt |
(billion yen) | |||
FY24 | FY24 | Changes | |
Initial FCST | Revised FCST | ||
359.4 | 362.6 | +3.2 | |
19.0 | 20.4 | +1.4 | |
5.3％ | 5.6% | +0.3pt | |
320.4 | 349.8 | +29.4 | |
2.0 | 6.1 | +4.1 | |
0.6% | 1.7% | +1.1pt | |
28.5 | 32.3 | +3.8 | |
0.8 | 1.5 | +0.7 | |
2.7% | 4.6% | +1.8pt |
7 | Copyright © NOK CORPORATION All Rights Reserved. |
Foreign Exchange Rate: Actual and Assumption
Average rate
FY23/Q1
ACT
USD135.28
FY24/Q1
ACT
154.56
FY24
Initial FCST
140.00
FY24
Revised FCST
(Jul '24 ~)
150.00
RMB | 19.43 | 21.29 |
NTD | 4.42 | 4.79 |
THB | 3.93 | 4.21 |
19.13
4.33
3.89
Disclosed on May 13, 2024
21.10
4.63
4.08
8 | Copyright © NOK CORPORATION All Rights Reserved. |
Sales by Region
FY24/Q1 | |||
Seal | Japan | ACT | |
54.8 | |||
China | 16.1 | ||
ASEAN | 12.6 | ||
Other | 4.2 | ||
Electronic | Japan | 6.4 | |
product | China | 55.9 | |
ASEAN | 20.7 | ||
Other | 9.0 | ||
Consolidation | Japan | 65.8 | |
China | 74.0 | ||
ASEAN | 35.2 | ||
Other | 13.2 |
*Based on location of sellers
（billion yen）
FY24/1H
Initial FCST 114.3 30.2 24.1 8.3 16.4 110.8 30.9 15.5 138.7 144.1 58.0 23.8
Disclosed on May 13, 2024
Revised FCST (as of Aug 2, 2024)
FY24/1H | FY24 | |
111.0 | 229.5 | |
33.2 | 66.3 | |
25.6 | 50.1 | |
8.2 | 16.7 | |
10.3 | 17.3 | |
125.8 | 225.7 | |
38.8 | 72.6 | |
17.8 | 34.2 | |
130.3 | 264.5 | |
163.1 | 299.4 | |
68.2 | 129.8 | |
26.0 | 51.0 |
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Sales by Industry
FY24/Q1 ACT
Automobile | Electronic | General | Total | |
Industry | ||||
Seal | Industry | Industry | Machinery | |
67.8 | - | 19.9 | 87.7 | |
Electronic product | 22.4 | 69.5 | - | 91.9 |
Consolidation | 91.2 | 69.5 | 27.5 | 188.2 |
Revised FCST (as of Aug 2, 2024) | ||||
FY24/1H | General | Total | ||
Automobile | Electronic | |||
Industry | ||||
Seal | Industry | Industry | Machinery | |
137.8 | - | 40.1 | 178.0 | |
Electronic product | 46.4 | 146.4 | - | 192.8 |
Consolidation | 186.1 | 146.4 | 55.0 | 387.6 |
（billion yen） | |||||
FY24/1H Initial FCST | General | Total | |||
Automobile | Electronic | ||||
Industry | |||||
Industry | Industry | Machinery | |||
137.5 | - | 39.3 | 176.8 | ||
43.0 | 130.6 | - | 173.6 | ||
182.4 | 130.6 | 51.6 | 364.6 | ||
Disclosed on May 13, 2024 | |||||
FY24 | General | Total | |||
Automobile | Electronic | ||||
Industry | |||||
Industry | Industry | Machinery | |||
279.8 | - | 82.8 | 362.6 | ||
92.4 | 257.4 | - | 349.8 | ||
376.2 | 257.4 | 111.1 | 744.7 |
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