Global Niche Top Company

selected by Japanese Ministry of Economy, Trade and Industry

Financial Results

1st Half of the Year Ending September 2023

May 23, 2023

Nissei ASB Machine Co., Ltd.

(TSE Prime market, Code Number 6284)

2

INDEX

  1. Results for 1st half of the year ending Sept. 2023 II. Financial forecast for the year ending Sept. 2023
    III. Focus measures for the year ending Sept. 2023 and situation in the 1st half IV. Other initiatives
    Reference Documents

3

I. Results for 1st half of the year ending Sept.2023

(*2: ZC…Zero Cooling System, QMC…Quick Mold Change)

Review of 1st half of the year ending Sept. 2023

4

Favorable business environment. Orders received and sales were at a high level. Also strong results of after-sales services. Sales cycles are in good condition.

Sales Front

  • Exhibitions resumed in full-scale around the world. Value of orders received, and sales achieved the second highest level.
  • As a result of harvesting inquiries received at K2022(*1), value of orders received in Europe recorded the highest ever
  • Results of after-sales services remain strong. Value of orders received for molds and spare parts
    each renewed the highest record. (*1: K2022…The world's largest trade fair for plastics and rubber held in Germany in Oct. 2022)

Technology

Front

  • Showcased ZC and QMC(*2) at the major exhibitions. Received high reputations for its improvement in container productivity.
  • The impression of the new environment-conscious machine model at the exhibition was good. Aiming for its early sales contribution by further technological improvement.
  • Promoting development of new technologies, such as increased productivity of PF36, expansion of

number of cavities for HDPE containers, etc.

Manufacturing

Front

  • Increased material cost remains significant, though it was passed on through product price increase
  • As for capital investment in India plant, completed installing machinery. Under adjustment for start- up.
  • Production transfer to India plant is progressing. Contributing to cost reduction and shortening delivery time.

Financial Results (Summary)

5

Value of orders received, sales, gross profit, and operating profit were at a high level

recording the second highest ever

(Unit: million yen)

2022/09

2023/09

Year on year

1st half

1st half

comparison

Amount

cumulative

cumulative

Rate of

Q1

Q2

of

Total

Total

change

change

Net Sales

15,090

6,933

8,589

15,523

432

2.9%

Gross Profit

6,718

3,445

3,919

646

9.6%

44.5%

49.7%

45.6%

.4%

Selling, General and

3,877

2,133

1,993

4,127

249

6.4%

Administrative Expenses

25.7%

30.8%

23.2%

26.6%

2,841

1,311

1,926

3,238

The second highest

Operating Profit

396

14.0%

18.8%

18.9%

22.4%

.9%

Ordinary Profit

4,151

8

2,113

2,121

(2,029)

(48.9%)

27.5%

0.1%

24.6%

13.7%

Profit Attributable to

3,031

47

1,452

1,500

(1,531)

(50.5%)

Owners of Parent

20.1%

0.7%

16.9%

9.7%

Orders Received

14,540

8,316

8,123

16,439

1,899

13.1%

Order Backlogs

11,623

16,168

15,666

-

4,043

34.8%

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Disclaimer

Nissei ASB Machine Co. Ltd. published this content on 09 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2023 08:53:01 UTC.