Sansha Electric Manufacturing : Business Results Summary for the Year Ended March 31, 2024（453KB）

FY 2024（April 1, 2023-March 31, 2024）

Business Results Summary

May,8,2024

（Stock exchange code : 6882）

Note : This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Summary of consolidated results

Unit : Million Yen
	FY2023	FY2024	Compared to previous period
Net sales		28,088		31,005	＋2,917	＋10.4%
Operating profit	(5.8%)	1,629	(11.0%)	3,407	＋1,778	＋109.1%
Ordinary profit	(5.9%)	1,651	(11.2%)	3,473	＋1,822	＋110.3%
profit attributable	(4.4%)	1,241	(9.5%)	2,955	＋1,713	＋138.0%
to owners of parent
Earning per share		95.33		222.19	＋126.86	＋133.1%
（yen）

Announced on

2023/1/30

30,500

(9.8%) 3,000

(9.8%) 3,000

(8.2%) 2,500

187.97

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Segment information

Unit : Million Yen	FY2023	FY2024	Compared to previous period

Semiconductor	Net sales		8,146		7,902	▲243	▲3.0%
Operating profit	(6.3%)	510	(3.4%)	271	▲238	▲46.8%
Power supply	Net sales		19,941		23,103	＋3,161	＋15.9%
Operating profit	(5.6%)	1,118	(13.6%)	3,135	＋2,016	＋180.3%
Segment overview				◇ good event	◆bad event	➣ issue
			◆ Deceleration in sales in the second half of the year due to deteriorating business
	Semiconductor			confidence in China and the ongoing inventory adjustment phase of customers.
			Sales expansion is planned in line with product model changes, but quality stability is a
				challenge.
			◇ Sales increased by 15.9%, mainly due to large power supplies for evaluation of power
				conditioners delivered to the National Institute of Advanced Industrial Science and
	Power supply			Technology.
			 Lack of progress in promoting sales abroad and challenges in promoting the
				development and sale of strategic products abroad.

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Sales by product by segment

Unit : Million Yen
		FY2023	FY2024	Compared to previous period
	Power modules	5,843	5,719	▲123	▲2.1%
Semiconductor Discrete semiconductors and others	2,303	2,183	▲120	▲5.2%
	Total	8,146	7,902	▲243	▲3.0%
	For industries	3,515	5,343	＋1,827	＋52.0%
	For surface treatment,	4,988	5,363	＋374	＋7.5%
	welding machines and
	cutting machines
Power supply	For light sources and dimming	774	881	＋106	＋13.7%
Inverters	1,441	2,143	＋701	＋48.7%
	Small power supplies	6,900	6,932	＋31	＋0.5%
	Other power supplies and services	2,319	2,439	＋119	＋5.2%
	Total	19,941	23,103	＋3,161	＋15.9%
Total net sales	28,088	31,005	＋2,917	＋10.4%

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Analysis of changes in operating profit (compared to previous year)

Unit : Million Yen

5000

4500

4000

3500

3000

2500

2000

1500

1000

500

0

Improvement in

marginal profit margin

〔Excluding exchange rate effects〕

Increase in

net sales

〔Excluding exchange rate effects〕

＋1,767

＋1,287

		exchange rate	FY2023	FY2024
			US dollar	135.47 yen	144.62 yen
Increase in		Chinese Yuan	19.75 yen	20.14 yen
fixed costs
	Inventory
	fluctuations	Forex impact
	impact
▲1,317	＋192	▲151

1,629			3,407
（5.8％）	+1,778（Fluctuation in operating profit margin	+5.2point）	（11.0％）
FY2023	FY2024

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Assets, liabilities, and equity status

Unit : Million Yen
	FY2023	FY2024	Compared to previous period
Total assets	29,083	35,334	＋6,251	＋21.5%
Total liabilities	8,017	10,901	＋2,883	＋36.0%
Total net assets	21,065	24,432	＋3,367	＋16.0%
Equity ratio	72.4%	69.1%	▲3.3	point
Net assets per	1,583.87	1,837.05	＋253	＋16.0%
share(yen)
Net cash flow	3,959	4,825	＋865	＋21.9%

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Full-year consolidated forecasts

Unit : Million Yen	FY 2024 Results	FY 2025 Forecast	Compared to previous period
	Semiconductor	(25.5%)	7,902	(26.7%)	7,700	▲202	▲2.6%
	Power supply	(74.5%)	23,103	(73.3%)	21,100	▲2,003	▲8.7%
Net sales（Composition ratio）	(100.0%)	31,005	(100.0%)	28,800	▲2,205	▲7.1%
	Semiconductor	(3.4%)	271	(0.0%)	0	▲271	▲100.0%
	Power supply	(13.6%)	3,135	(6.6%)	1,400	▲1,735	▲55.4%
Operating profit	(11.0%)	3,407	(4.9%)	1,400	▲2,007	▲58.9%
Ordinary profit	(11.2%)	3,473	(4.9%)	1,400	▲2,073	▲59.7%
Profit attributable to owners of parent	(9.5%)	2,955	(3.4%)	980	▲1,975	▲66.8%
Operating profit/net sales (yen)		222.19		73.68	▲148.51	▲66.8%
Annual dividends(yen)		※ 50		40	▲10	▲20.0%
Dividend payout ratio		22.5%		54.3%		＋31.8%

※The annual dividend for FY2024 is expected to be an ordinary dividend of JPY 35 and a commemorative dividend of JPY 5 for the 90th anniversary of the company's founding.

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