Financial Results Briefing
for the Fiscal Year Ended
May 31, 2023
July 14, 2023
Toyo Denki Seizo K.K.
Program
- Briefing on Financial Results: 40 minutes
- Overview of Financial Results for the Fiscal Year Ended May 31, 2023
- Financial Results Forecast for the Fiscal Year Ending May 31, 2024
- Medium-TermManagement Plan
- Q&A: 20 minutes
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1. Overview of Financial Results for the Fiscal Year Ended May 31, 2023
(From June 1, 2022 to May 31, 2023)
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1-1. Overview of Consolidated Financial Results
Orders received increased significantly and the business is on a recovery trend. Both net sales and profit increased from a year earlier thanks to efforts to improve profitability despite ongoing difficulties in procuring parts and materials
100 million yen | |||||||||
FYE May | FYE May | YoY Change | FYE May | Change vs. Forecast | |||||
2023 | |||||||||
2022 | 2023 | ||||||||
% | Forecast | % | |||||||
Orders received | 304.4 | 332.4 | ＋27.9 | +9.2% | 346.0 | -13.5 | 96.0% | ||
Net sales | 301.5 | 310.2 | ＋8.6 | +2.9% | 340.0 | -29.7 | 91.3% | ||
Operating profit | 1.7 | 5.1 | ＋3.4 | +201.1% | 4.5 | ＋0.6 | 115.0% | ||
(%) | (0.6%) | (1.7%) | (+1.1pt) | - | (1.3%) | (+0.4pt) | - | ||
Ordinary profit | 7.6 | 9.8 | ＋2.2 | +28.8% | 7.0 | ＋2.8 | 141.0% | ||
Profit | -9.3 | 8.2 | ＋17.5 | - | 8.0 | ＋0.2 | 103.1% | ||
[Net income per share (yen)] | -104.02 | 91.85 | +195.87 | - | 89.48 | +2.37 | - | ||
ROE | -4.0% | 3.5% | +7.5pt | - | |||||
Ratio of overseas | 14.5% | 19.7% | +5.2pt | - | |||||
sales to net sales | |||||||||
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Transportation
Business
Industry
Business
ICT Solution
Business
- Demand for new rolling stock production and equipment upgrades, which had been suppressed, is increasing as restrictions on activities due to COVID-19 are eased and the business performance of domestic railway operators has been recovering.
- Overseas, economies are gradually recovering in many countries, and in China, orders for maintenance parts and new projects also increased.
- There is strong activity related to capital investment in many industries, and inquiries to Toyo Denki Seizo K.K. (the "Company") are increasing. On the other hand, as a result of the rapid shift toward electrification, some companies have been reconsidering capital investment in testing machines for automobile development.
- Prolonged difficulties in procuring parts and materials continue to impact the Company's production processes.
- Software improvements for station equipment increased as a result of the opening of new lines and fare/tariff revisions including barrier-free fares.
- Railway operators continue their initiatives to improve passenger convenience, handle inbound traffic, and improve operational efficiency.
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