Consolidated Financial Results for the 3rd quarter of FY2024
(April 1st 2024 ~ December 31th 2024)
< February 13 2025 >
TORISHIMA PUMP MFG.CO.,LTD.
Securities Code : 6363
www.torishima.co.jp/en
Torishima Pump Mfg. Co., Ltd. | 1 |
FY2024 1-3Q Financial Results Outline
Orders Received
Sales
Operating Income
Ordinary Income
Net Income
Billions of yen | YOY | |
(Billions of yen) | ||
… | 75.3 | +11.8 |
… | 59.7 | +1.9 |
… | 2.8 | -1.3 |
… | 2.5 | -0.8 |
… | 2.5 | +0.1 |
Torishima Pump Mfg. Co., Ltd. | 2 |
FY2024 1-3Q Consolidated Financial Results
-Ordersreceived: 47.0% increased in domestic public sector, 5.2% increased in domestic private sector, 11.5% increased in overseas sector, overall orders received increased by 18.6% to 75.3 billions yen.
-Sales: 16.5% increased in domestic public sector, 7.3% decreased in domestic private sector, 2.4% increased in overseas sector, overall sales increased by 3.3% to 59.7 billions yen.
-Profit:. Steady recovered compared to the first half of the year. In non-operating income, net income increased by 100 million to 2.5 billion, partly due to a decrease in foreign exchange losses following the significant depreciation of the yen since the end of the first half and a gain on the sale of shares in the first quarter as an extraordinary gain.
FY2023 | FY2024 | YOY | ||
1-3Q | 1-3Q | Amount | % | |
Orders Received | 63.5 | 75.3 | +11.8 | +18.6% |
Sales | 57.8 | 59.7 | +1.9 | +3.3% |
Gross Operating Income | 15.9 | 16.1 | +0.2 | +1.3% |
(Gross profit margin) | (27.6％) | (27.0%) | (-0.6pt) | |
SG&A expense | 11.9 | 13.3 | +1.4 | +11.8% |
Operating income | 4.1 | 2.8 | -1.3 | -31.7% |
(Operating profit margin) | (7.0%) | (4.7%) | (-2.3pt) | |
Non-operating | -0.8 | -0.4 | +0.4 | ― |
Profit or loss | ||||
Ordinary income | 3.2 | 2.4 | -0.8 | -25.0% |
Extraordinary | 0.2 | 1.0 | +0.8 | +400.0% |
profit or loss | ||||
Net income | 2.4 | 2.5 | +0.1 | +4.2% |
*Foreign exchange rate（1USD) | 31/3/2023 ¥133.53 | 31/2024 ¥142.73 | ||
31/12/2023 ¥141.83 | 12/2024 ¥158.18 |
FY2024 | Vs. |
Full-year | Plan |
91.0 | 82.6％ |
88.0 | 67.8% |
― | ― |
― | ― |
6.2 | 45.2% |
(7.0%) | |
― | ― |
5.5 | 43.6% |
― | ― |
4.8 | 52.1% |
Assumed rate ¥150
Torishima Pump Mfg. Co., Ltd. | 3 |
FY2024 1-3Q Financial Results
（Non-consolidated / Subsidiaries）
■ Non-consolidated | Billions of yen ■ Subsidiaries | Billions of yen |
FY2023 | FY2024 | YOY | FY2023 | FY2024 | YOY | |||
1-3Q | 1-3Q | Amount | % | 1-3Q | 1-3Q | Amount | % | |
Sales | 45.1 | 44.1 | -1.0 | -2.2% | 19.4 | 22.0 | +2.6 | +13.4% |
Gross Operating Income | 10.3 | 8.7 | -1.6 | -15.5% | 6.6 | 7.9 | +1.3 | +19.7% |
(Gross profit margin) | (22.8%) | (19.7%) | (-3.1pt) | － | (34.0%) | (35.9%) | (+1.9pt) | ― |
SG&A expense | 7.4 | 8.0 | +0.6 | +8.1% | 5.0 | 5.7 | +0.7 | +14.0% |
Operating income | 2.9 | 0.7 | -2.2 | -75.9% | 1.6 | 2.2 | +0.6 | +37.5% |
(Operating profit margin) | (6.5%) | (1.6%) | (-4.9pt) | (8.4%) | (10.0%) | (+1.6pt) | ||
Sales remained high, mainly due to public and private sector contribution. | Sales increased to 2.6 billion yen driven by | |||||||
Gross profit margin recovered to 19.7% from 17.3% in H1 and is on track to | strong performance of | service and project | ||||||
reach the full-year target of 20.5%. | subsidiaries. | |||||||
SG&A expenses also increased due to higher | ||||||||
labour costs, but this was absorbed by higher | ||||||||
revenue and profitability, and operating profit | ||||||||
increased by 600 million yen to 2.2 billion yen |
*Subsidiary financial results are before consolidation adjustments. Therefore, non-consolidated + subsidiary does not = consolidated results.
Torishima Pump Mfg. Co., Ltd. | 4 |
Appendix
Torishima Pump Mfg. Co., Ltd. | 5 |
1-3Q Orders received, Sales and Orders backlog by sector
Millions of yen | |||||||
FY2023 1-3Q | FY2024 1-3Q | ||||||
Orders | Sales | Order | Orders | Sales | Order | ||
Received | Backlog | Received | Backlog | ||||
Public sector | 13,965 | 9,531 | 25,414 | 20,524 | 11,107 | 35,930 | |
2.1% | -2.1% | 32.3% | 47.0% | 16.5% | 41.4% | ||
YOY rate | |||||||
Private sector | 7,955 | 8,855 | 9,599 | 8,371 | 8,213 | 9,908 | |
YOY rate | -6.7% | 30.9% | -3.7% | 5.2% | -7.3% | 3.2% | |
Overseas | 41,578 | 39,435 | 58,949 | 46,356 | 40,368 | 64,863 | |
YOY rate | -4.5% | 63.5% | -1.5% | 11.5% | 2.4% | 10.0 % | |
Total | 63,499 | 57,822 | 93,963 | 75,253 | 59,689 | 110,701 | |
YOY rate | -3.4% | 42.4% | 5.5% | 18.5% | 3.2% | 17.8% |
Torishima Pump Mfg. Co., Ltd. | 6 |
1-3Q Orders received, Sales and Orders backlog by sector
Orders Received | |||||||
50,000 | 80,000 | ||||||
40,000 | 70,000 | ||||||
60,000 | |||||||
30,000 | 50,000 | ||||||
40,000 | |||||||
20,000 | 30,000 | ||||||
10,000 | 20,000 | ||||||
10,000 | |||||||
0 | 0 | ||||||
2020.3Q | 2021.3Q | 2022.3Q | 2023.3Q | 2024.3Q | |||
70,000 | Order Backlog | 120,000 | |||||
60,000 | 100,000 | ||||||
50,000 | 80,000 | ||||||
40,000 | 60,000 | ||||||
30,000 | |||||||
20,000 | 40,000 | ||||||
10,000 | 20,000 | ||||||
0 | 0 | ||||||
2020.3Q | 2021.3Q | 2022.3Q | 2023.3Q | 2024.3Q |
Sales
50,000
40,000
30,000
20,000
10,000
0
2020.3Q | 2021.3Q | 2022.3Q | 2023.3Q | 2024.3Q |
Left
■ Public ■ Private ■ Overseas
Right
Total
Millions of yen
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
Torishima Pump Mfg. Co., Ltd. | 7 |
1-3Q Orders received, Sales and Orders backlog by segment
Millions of yen
Orders | FY2023 1-3Q | Order | Orders | FY2024 1-3Q | Order | |
Sales | Sales | |||||
Received | Backlog | Received | Backlog | |||
High-tech Pump | 26,213 | 30,326 | 42,426 | 23,612 | 27,042 | 44,153 |
YoY rate | -8.0% | 101.3% | -6.8% | -9.9% | -10.8% | 4.1% | |
Project | 18,934 | 10,958 | 38,321 | 26,254 | 13,622 | 46,637 | |
YoY rate | -4.1% | -15.8% | 24.8% | 38.7% | 24.3 % | 21.7% | |
Service | |||||||
Solutions | 18,061 | 16,102 | 13,201 | 25,182 | 18,688 | 19,786 | |
YoY rate | 8.2% | 34.8% | 6.2% | 39.4% | 16.1% | 49.9% | |
Environment & | 292 | 436 | 16 | 206 | 338 | 126 | |
Renewable Energy | |||||||
YoY rate | -64.0% | -26.1% | -96.0% | -29.5% | -22.5% | 687.5% | |
Total | 63,499 | 57,822 | 93,963 | 75,253 | 59,690 | 110,702 | |
YoY rate | -3.4% | 42.4% | 5.5% | 18.5% | 3.2% | 17.8% | |
Torishima Pump Mfg. Co., Ltd. | 8 |
1-3Q Orders received, Sales and Orders backlog by segment
Orders Received | Sales | ||||||||||||
30,000 | 80,000 | 35,000 | 70,000 | ||||||||||
25,000 | 70,000 | 30,000 | 60,000 | ||||||||||
60,000 | 25,000 | 50,000 | |||||||||||
20,000 | |||||||||||||
50,000 | |||||||||||||
20,000 | 40,000 | ||||||||||||
15,000 | 40,000 | ||||||||||||
15,000 | 30,000 | ||||||||||||
30,000 | |||||||||||||
10,000 | |||||||||||||
10,000 | 20,000 | ||||||||||||
20,000 | |||||||||||||
5,000 | 10,000 | 5,000 | 10,000 | ||||||||||
0 | 0 | 0 | 0 | ||||||||||
2020.3Q | 2021.3Q | 2022.3Q | 2023.3Q | 2024.3Q | 2020.3Q | 2021.3Q | 2022.3Q | 2023.3Q | 2024.3Q |
50,000 | Order Backlog | 120,000 | ||||
40,000 | 100,000 | |||||
30,000 | 80,000 | |||||
60,000 | ||||||
20,000 | 40,000 | |||||
10,000 | 20,000 | |||||
0 | 0 | |||||
2020.3Q | 2021.3Q | 2022.3Q | 2023.3Q | 2024.3Q |
Left
■ High-tech pump ■ Project
■ Service Solutions ■ Renewable Energy & Environment
Right
Total
Millions of yen
Torishima Pump Mfg. Co., Ltd. | 9 |
1-3Q Orders Received breakdown by region
Millions of yen | ||||||
Japan | Overseas | Breakdown | Total | |||
Total | Asia | Middle East | Other | |||
FY2022 1-3Q | 22,211 | 43,525 | 13,155 | 12,108 | 18,262 | 65,736 |
(33.8%) | (66.2%) | (20.0%) | (18.4%) | (27.8%) | ||
FY2023 1-3Q | 21,921 | 41,578 | 11,819 | 8,055 | 21,705 | 63,499 |
(34.5%) | (65.5%) | (18.6%) | (12.7%) | (34.2%) | ||
FY2023 1-3Q | 28,897 | 46,356 | 13,667 | 19,822 | 12,867 | 75,253 |
(38.4%) | (61.6%) | (18.2%) | (26.3%) | (17.1%) | ||
- Japan ■ Asia ■ Middle East ■ Other
FY2022 3Q | FY2023 3Q | FY2024 3Q | ||
27.8% | 17.1% | |||
33.8% | 34.2% | 34.5% | 38.4% | |
18.4% | 26.3% | |||
20.0% | 12.7% | 18.6% | ||
18.2% | ||||
Torishima Pump Mfg. Co., Ltd. | 10 |