Tokyo Stock Exchange, Standard Market
Stock code: 6405
Financial Results for the Second Quarter of
the Fiscal Year Ending March 31, 2025
November 21, 2024
鈴茂器工株式会社
Contents
1. Overview of Q2 FY03/25 Consolidated Financial Results Pages3－13
- Performance summary
- Year-on-yearperformance
- Breakdown of domestic and overseas sales
- Quarterly sales in domestic and overseas businesses
- Domestic business: Own-machine sales by customer category
- Overseas business: Sales by region
- Year-on-yearchange in SG&A expenses
- Net sales and operating profit
- Consolidated balance sheet
2. Outlook for 2H FY03/25 | Pages14－15 |
3. Topics | Pages16－19 |
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1. Overview of Q2 FY03/25 Consolidated Financial Results
Copyright ( C ) 2024 Suzumo Machinery Co., Ltd. All Rights Reserved.
Q2 FY03/25: Performance summary
Millions of yen | ||||||
1H FY03/24 | 1H FY03/25 | 1H FY03/25 | 1H FY03/25 | |||
Results | Initial targets | Revised targets | YoY | Vs. initial | ||
(as of May 13, 2024) | (as of September 18, 2024) | Results | ||||
change | targets | |||||
Net sales | 6,735 | 7,595 | 7,850 | 7,874 | ＋16.9% | ＋3.7% |
4,721 | 5,055 | 5,160 | 5,210 | ＋10.3% | ＋3.1% | |
Domestic | ||||||
2,013 | 2,540 | 2,690 | 2,663 | ＋32.3% | ＋4.9% | |
Overseas | ||||||
Operating profit | 454 | 690 | 900 | 1,051 | ＋131.1% | ＋52.4% |
Ordinary profit | 482 | 695 | 942 | 1,092 | ＋126.2% | ＋57.2% |
Profit attributable to | 295 | 495 | 695 | 794 | ＋169.0% | ＋60.6% |
owners of parent | ||||||
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Q2 FY03/25: Year-on-year performance
Millions of yen | ||||||
1H FY03/24 | 1H FY03/25 | |||||
Results | ||||||
Results | YoY change | YoY change (%) | ||||
Net sales | 6,735 | 7,874 | +1,138 | ＋16.9% | ||
Cost of sales | 3,570 | 3,884 | +314 | +8.8% | ||
Gross profit | 3,165 | 3,989 | +824 | +26.1% | ||
(Profit margin) | （47.0％） | （50.7％） | （+3.7%） | |||
SG&A expenses | 2,710 | 2,938 | +228 | +8.4% | ||
(SG&A ratio) | （40.2%） | （37.3%） | （－2.9%） | |||
Operating profit | 454 | 1,051 | ＋596 | +131.1% | ||
(Profit margin) | （6.8％） | （13.4％） | （+6.6％） | |||
Ordinary profit | 482 | 1,092 | ＋609 | +126.2% | ||
(Profit margin) | （7.2％） | （13.9％） | （+6.7％） | |||
Profit attributable to | 295 | 794 | ＋499 | +169.0% | ||
owners of parent | （4.4％） | （10.1％） | （+5.7％） | |||
(Profit margin) | ||||||
Copyright ( C ) 2024 Suzumo Machinery Co., Ltd. All Rights Reserved. | 5 | |||||
Q2 FY03/25: Breakdown of domestic and overseas sales
Net sales (Millions of yen)
10,000
8,000 | |||||||||||
33.8% | |||||||||||
6,000 | |||||||||||
29.9% | |||||||||||
35.8% | |||||||||||
4,000 | 24.5% | 22.2% | 34.8% | ||||||||
70.1% | 66.2% | ||||||||||
2,000 | 75.5% | 77.8% | 65.2% | 64.2% | |||||||
0 | |||||||||||
1H | 1H | 1H | 1H | 1H | 1H | ||||||
FY03/20 | FY03/21 | FY03/22 | FY03/23 | FY03/24 | FY03/25 | ||||||
Overseas | 1,139 | 950 | 1,810 | 2,276 | 2,013 | 2,663 | |||||
Domestic | 3,516 | 3,333 | 3,391 | 4,075 | 4,721 | 5,210 | |||||
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Q2 FY03/25: Quarterly sales in domestic and overseas businesses
- Domestic sales
Net sales (Millions of yen)
4,000 | ||||
3,000 | ||||
2,000 | ||||
1,000 | ||||
0 | 1Q | 2Q | 3Q | 4Q |
'23/3 | 2,038 | 2,037 | 2,632 | 2,219 |
'24/3 | 2,352 | 2,369 | 2,776 | 2,759 |
'25/3 | 2,424 | 2,785 |
- Overseas sales
Net sales (Millions of yen)
2,000 | ||||
1,500 | ||||
1,000 | ||||
500 | ||||
0 | 1Q | 2Q | 3Q | 4Q |
'23/3 | 1,102 | 1,173 | 1,049 | 1,203 |
'24/3 | 909 | 1,104 | 1,023 | 1,219 |
'25/3 | 1,290 | 1,373 |
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Q2 FY03/25: Domestic business
Own-machine sales by customer category
■ Domestic business: | ■ Domestic business: |
Sales breakdown by customer category | Sales by customer category |
(1H FY03/25) | Millions of yen | |||||||
1,200 | ||||||||
Other | ||||||||
1.1% | 1,000 | |||||||
Takeout, | ||||||||
delivery services | ||||||||
6.3% | Hotels, ryokans, | |||||||
school meal | 800 | |||||||
services | Supermarkets | |||||||
Factories | 5.1% | |||||||
28.1% | ||||||||
9.5% | ||||||||
600 | ||||||||
400 | ||||||||
Sushi stores | ||||||||
23.8% | Restaurants, | 200 | ||||||
cafeterias | ||||||||
26.1% | ||||||||
0 | ||||||||
1H | 1H | 1H | 1H | 1H | 1H | |||
FY03/20 | FY03/21 | FY03/22 | FY03/23 | FY03/24 | FY03/25 | |||
Sushi stores | Supermarkets | |||||||
* Calculation of sales breakdown (%) by customer category | Restaurants, cafeterias | Takeout, delivery services | ||||||
is based on domestic own-machine sales. | Factories | Hotels, ryokans, school meal services | ||||||
Other | ||||||||
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Q2 FY03/25: Overseas business
Sales by region
■ Overseas business: | ■ Overseas business: |
Sales breakdown by region | Sales by region |
(1H FY03/25) | Millions of yen |
Other 7.4%
Southeast
1,400 |
1,200 |
1,000 |
Asia
14.2%
North
800 |
America
42.9%
Europe
16.5%
East Asia
19.0%
600 | |||||
400 | |||||
200 | |||||
0 | |||||
1H | 1H | 1H | 1H | 1H | 1H |
FY03/20 | FY03/21 | FY03/22 | FY03/23 | FY03/24 | FY03/25 |
North America | East Asia | Europe | ||||||
Southeast Asia | Other | |||||||
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Q2 FY03/25: Year-on-year change in SG&A expenses
Personnel expenses
＋55
2,710
Millions of yen
- Increase ■ Decrease ■ Total
Travel and | |||||||||||||||||||
transportation | Exhibition | 2,938 | |||||||||||||||||
Forex | expenses | expenses | Other | ||||||||||||||||
＋17 | -28 | ＋28 | (＋228) | ||||||||||||||||
Packing and fluctuations | |||||||||||||||||||
shipping | ＋30 | ||||||||||||||||||
expenses | |||||||||||||||||||
＋32 | |||||||||||||||||||
Depreciation | ・Strengthened market research and sales activities | ||||||||||||||||||
targeting local business operators to capture overseas | |||||||||||||||||||
＋38 | |||||||||||||||||||
demand | |||||||||||||||||||
R&D | |||||||||||||||||||
expenses | ・Increase in SG&A expenses at local | ||||||||||||||||||
＋53 | subsidiaries due to yen depreciation | ||||||||||||||||||
・Increase in overseas | |||||||||||||||||||
・Change in the timing of the Suzumo Fair | |||||||||||||||||||
sales | |||||||||||||||||||
Tokyo, originally scheduled for April 2024, to | |||||||||||||||||||
October 2024 | |||||||||||||||||||
【Investments in FY03/24】 | |||||||||||||||||||
・Evaluation of a US subsidiary for | |||||||||||||||||||
・Replacement of the core system in August 2023 | participation in a trade show | ||||||||||||||||||
(sales management and service support system) | |||||||||||||||||||
・Capital investment in service bases in September | |||||||||||||||||||
2023 | |||||||||||||||||||
・New | product development | ||||||||||||||||||
expenses for existing businesses | |||||||||||||||||||
・New business development | |||||||||||||||||||
expenses |
・Hiring of personnel associated with business expansion
・Costs related to base salary increases
1H FY03/24 | 1H FY03/25 | ||
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