Torishima Pump Mfg.co., Ltd.TSE: 6363

Consolidated Financial Results for the 2nd quarter of FY2024

Nov 14, 2024 at 7:09 AM UTC · Issued by Torishima Pump Mfg.co., Ltd.

RESULTS OF OPERATIONS FOR

THE SECOND QUARTER ENDED SEPTEMBER 30, 2024 (CONSOLIDATED)

Listed company name:

(Japanese GAAP)

November 14, 2024

Torishima Pump Mfg. Co., Ltd.

Stock exchange listings:

Tokyo

URL:https://www.torishima.co.jp/en

Code number:

6363

Representative:

Kotaro Harada, CEO

Contact person:

Ko Kaneko, General Manager of Finance & Accounting Division

Phone:

+81-72-695-0551

Scheduled date of filing quarterly financial statements: November 14, 2024

Scheduled date of starting dividend payment:

December 5, 2024

Preparing supplementary material on quarterly financial results: Yes

Holding quarterly financial results presentation meeting: Yes (for investment analysts and institutional investors)

Note: The amounts are rounded down to the nearest million.

1. Consolidated financial results of the second quarter ended Sept. 30, 2024 (April 1, 2024 through Sept. 30, 2024)

(1) Operating results

(Millions of yen)

Net sales

Operating income

Ordinary income

Net income

attributable to

owners of parent

Second quarter ended

△ %

△

△ %

37,565

10.9

635

66.2

168

459

64.5

Sept. 30, 2024

Second quarter ended

33,877

34.8

1,877

91.3

1,903

57.0

1,295

62.6

Note1: Comprehensive income: (Second quarter ended Sept. 30, 2024)

¥ 1,578 million (

46.1%)

S pt. 30, 2023

(Second quarter ended Sept. 30, 2023) ¥ 2,927 million (83.7%)

Note2: % represents percentage change from a comparable previous period

△

Net income per share

Net income per share-Diluted

Second quarter ended Sept. 30, 2024

Yen

17 2

17 24

Second quarter ended Sept. 30, 2023

48.89

48.75

(2) Financial position

(Millions of yen)

September 30, 2024

Total assets

Net assets

Equity ratio

99 104

3 390

Ma ch 31, 2024

101,560

52,632

51.4

(Reference): Shareholders' equity:

(Sept. 30, 2024) ¥ 52,937

million

(March 31, 2024) ¥ 52,228 million

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2	. Dividends									Dividends per share

					End of 1Q	End of 2Q			End of 3Q	Fiscal year end	Annual
	FY2024				Yen			Yen					Yen			Yen	Yen
				-		30.00					-			30.00	58.00
	3							28

Note: Revision of forecast for dividend	during this quarter:	No
	FY2024 (Forecast)										-			30.00	60.00
3. Forecast for fiscal year ending March 31, 2025									attributableNet incometo		Millions of yen
			Net sales	Operating income		Ordinary income				Net income per
															owners of parent		share
	Annual		88,000		%	6,200	△ %		5,500		△	%		4,800	△	%		Yen
			8.5	9.1				12.7			22.9		179.24
	Note1: % represents percentage	change from a previous year
Note2: Revision of the forecast during this quarter: Yes

- 2 -

4. Consolidated quarterly financial statement		(Millions of yen)
(1) Consolidated quarterly balance sheet
Assets	As of March 31, 2024	As of September 30, 2024

Current assets
Cash and deposits	13,402	13,421
assetsNotes and accounts receivable - trade, and contract	35,421	28,368
Merchandise and finished goods	403	527
Work in process	12,564	16,052
Raw materials and supplies	2,943	3,018
Advance payments to suppliers	1,866	1,565
Other	2,746	3,086
Allowance for doubtful accounts	△990	△743
Total current assets	68,357	65,296
Non-current assets
Property, plant and equipment	17,993	19,548
Intangible assets	672	1,054
Investments and other assets
Investment securities	11,526	10,046
Other	4,010	4,064
Allowance for doubtful accounts	△1,000	△905
Total investments and other assets	14,536	13,205
Total non-current assets	33,202	33,808
Total assets		101,560	99,104

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			(Millions of yen)
Liabilities	As of March 31, 2024	As of September 30, 2024

Current liabilities
Notes and accounts payable - trade	11,845	9,047
Short-term borrowings	5,613	5,951
Income taxes payable	1,324	421
Contract liabilities	6,542	7,220
Provision for bonuses	1,119	1,187
Provision for product warranties	1,215	1,119
Provision for loss on construction contracts	900	1,057
Other	6,073	5,541
Total current liabilities	34,634	31,546
Non-current liabilities
Long-term borrowings	9,211	9,225
Deferred tax liabilities	2,476	2,300
Provision(and otherforofficers)retirement benefits for directors	7	－

Retirement benefit liability	400	399
Other	2,197	2,242
Total non-current liabilities	14,294	14,167
Total liabilities	48,928	45,713
Net assets
Shareholders' equity
Share capital	1,592	1,592
Capital surplus	6,369	6,419
Retained earnings	38,546	38,112
Treasury shares	△1,863	△1,827
Total shareholders' equity	44,644	44,296
Accumulated other comprehensive income
Valuation difference on available-for-sale securities	4,344	3,420
Deferred gains or losses on hedges	△999	△241
Foreign currency translation adjustment	2,955	4,245
Remeasurements of defined benefit plans	1,283	1,217
Total accumulated other comprehensive income	7,584	8,640
Share acquisition rights	77	72
Non-controlling interests	326	381
Total net assets	52,632	53,390
Total liabilities and net assets		101,560	99,104

- 4 -

Consolidated quarterly statement of (comprehensive) income Consolidated quarterly statement of income (April 1 - September 30, 2024)

			(Millions of yen)
		Six months ended	Six months ended
		September 30, 2023	September 30, 2024
Net sales	33,877	37,565
Cost of sales	24,297	27,991
Gross profit	9,580	9,573
Selling, general and administrative expenses	7,703	8,938
Operating profit	1,877	635
Non-operating income
Dividend income	132	169
equityShare ofmethodprofit of entities accounted for using	82	39
Rental income	57	59
Other	173	200
Total non-operating income	445	469
Non-operating expenses
Interest expenses	56	74
Foreign exchange losses	280	1,123
Other	83	75
Total non-operating expenses	419	1,272
Ordinary profit (loss)	1,903	△168
Extraordinary income	－	－
Gain on sale of investment securities		1,020
Gain on step acquisitions	238
Total extraordinary income	238	1,020
Profit before income taxes	2,141	852
Income taxes	813	360
Profit	1,328	492
Profit attributable to non-controlling interests	32	32
Profit attributable to owners of parent		1,295	459

- 5 -

Consolidated quarterly statement of comprehensive income (April 1 - September 30, 2024)

(Millions of yen)

SeptemberSix months30,ended2023 SeptemberSix months30,ended2024

Profit		1,328	492
Other comprehensive income
Valuation difference on available-for-sale securities	1,139	△923
Deferred gains or losses on hedges	△564	757
Foreign currency translation adjustment	1,074	1,319
Remeasurements of defined benefit plans, net of tax	△52	△66
forShareusingof otherequitycomprehensivemethod	income of entities accounted	2	△0
Total other comprehensive income	1,599	1,086
Comprehensive income		2,927	1,578
Comprehensive income attributable to
Comprehensive income attributable to owners of parent	2,881	1,515
interestsComprehensive income attributable to non-controlling	45	62

- 6 -

5. Additional information
	(1) Orders received and sales
	Orders received and sales by demand category			(Millions of yen)
Orders received	toFromSeptemberApril 1,30,20232023	toFromSeptemberApril 1,30,20242024
			Year-on-year comparison
	Public	10,379	23.1%	14,859		25.7%	4,479		43.2%
	Private	5,571	12.4%	5,665		9.8%	94		1.7%
	Overseas	29,011	64.5%	37,293		64.5%	8,282		28.6%
	Total	44,961	100.0%	57,818		100.0%	12,856		28.6%
	Sales	toFromSeptemberApril 1,30,20232023	toFromSeptemberApril 1,30,20242024		(Millions of yen)
			Year-on-year comparison
	Public	4,937	14.6%	5,667		15.1%		△730		14.8
	Private	6,080	17.9%	5,508		14.7%		571		△	9.4

	Overseas	22,859	67.5%	26,388		70.2%		3,528		15.4
	Total	33,877	100.0%	37,565		100.0%		3,687		10.9
	Orders backlog								(Millions of yen)
		As of September 30, 2023	As of September 30, 2024	Year-on-year comparison
	Public	26,422	26.6%	35,704		30.9%	9,282		35.1

	Private	9,990	10.0%	9,906		8.6%		△	84		△	0.8

	Overseas	62,957	63.4%	69,780		60.5%	6,823		10.8
	Total	99,369	100.0%	115,391		100.0%	16,021		16.1

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