Presentation of Consolidated Financial Results
for the 2nd Quarter of the FY Ended March 31, 2023
(from Apr. 2022 to Sep. 2022)
1
Highlights of Consolidated Results Summary of P&L
(JPY mil.) | FY2022/3 | FY2023/3 | Fluctuation | ||||||||
1st Half | 1st Half | Amount | % | ||||||||
Order Intake | 42,435 | 47,302 | 4,867 | 11.5% | |||||||
Net Sales | 26,910 | 32,164 | 5,253 | 19.5% | |||||||
Cost of Sales | 21,934 | 26,862 | 4,927 | 22.5% | |||||||
Gross Profit | 4,975 | 5,302 | 326 | 6.6% | |||||||
18.5% | 16.5% | (△2.1P) | |||||||||
Selling, general and administrative | 4,177 | 4,585 | 408 | 9.8% | |||||||
expenses | |||||||||||
Operating Income | 798 | 716 | △ 82 | △10.3% | |||||||
3.0% | 2.2% | (△0.8P) | |||||||||
Ordinary Income | 962 | 789 | △ 173 | △18.0% | |||||||
Income Before Income Taxes | 863 | 885 | 22 | 2.6% | |||||||
Net Income/Loss | 552 | 495 | △ 57 | △10.3% | |||||||
Exchange Rate | 1USD | ¥109.80 | ¥133.93 | 24.13 | 22.0% | ||||||
1EUR | ¥130.85 | ¥138.70 | 7.85 | 6.0% | |||||||
Order Intake | Orders for 'high-speed presses' rose significantly due to increased capital | ||||||||||
investment in electric vehicle-related equipment, with orders for the first half of | |||||||||||
the year reaching a record high (increased 11.5% year-on-year). | |||||||||||
Sales increased 19.5% year-on-year due to increase of EV related press sales | |||||||||||
Net Sales | (large presses and high speed presses) and the impact of foreign exchange rates | ||||||||||
(impact of a weaker yen), but were lower than initial expectation due to sales | |||||||||||
Orders increased | delays caused by the electronic components shortage. | ||||||||||
Gross profit increased 6.6% year-on-year due to the above factors, but the | |||||||||||
significantly due to | |||||||||||
Gross Profit | gross margin declined year-on-year due to higher raw material prices, increased | ||||||||||
increased demand related | outsourcing and logistics costs, as well as delays in the sale of high-profit press | ||||||||||
to electric vehicles, with | projects and services. | ||||||||||
Operating income dropped 10.3% year-on-year, due to the above-mentioned | |||||||||||
sales reaching a record high | Operating Income | ||||||||||
factor of lower gross margins, as well as an increase in SGA expenses | |||||||||||
for the first half of the year, | (including the effect of a weaker yen). | ||||||||||
but profits declined due to | Ordinary income decreased 18.0% year-on-year due to the above factors, as | ||||||||||
lower gross margins. | Ordinary Income | ||||||||||
well as an increase in foreign exchange losses and commission paid. | |||||||||||
Net Income | Net income declined due to the above factors, but only by 10.3% year-on-year | ||||||||||
because of the elimination of "Losses relating to COVID-19 and impairment loss | |||||||||||
in Chinese factory booked previous fiscal year. | |||||||||||
2 |
Trend of Sales, Gross Profit and Operating Income
JPY(million) | Net Sales | Gross Profit | Operating Income/Loss | Gross Profit ratio | Operating Income ratio | ||
25,000 | 20% | ||||
20,000 | 15% | ||||
15,000 | 10% | ||||
10,000 | 5% | ||||
5,000 | 0% | ||||
0 | -5% | ||||
FY2022/3 | 2Q | 3Q | 4Q | FY2023/3 | 2Q |
1Q | 1Q |
JPY(million) | FY2022/3 | FY2023/3 | ||||
1Q | 2Q | 3Q | 4Q | 1Q | 2Q | |
Net Sales | 13,079 | 13,830 | 17,192 | 18,363 | 13,665 | 18,498 | |||||
Gross Profit | 2,375 | 2,600 | 2,724 | 3,192 | 2,174 | 3,127 | |||||
Operating Income/Loss | 270 | 528 | 601 | 1,105 | △ 121 | 837 | |||||
Gross Profit ratio | 18.2% | 18.8% | 15.8% | 17.4% | 15.9% | 16.9% | |||||
Operating Income ratio | 2.1% | 3.8% | 3.5% | 6.0% | △0.9% | 4.5% |
3
Sales to Third Party (by Business/Customer/Geographic segment)
Sales by Business segment(Press related / Others)
(JPY mil.) | FY2022/3 | FY2023/3 | Fluctuation | ||||||||
1st Half | 1st Half | Amount | % | ||||||||
Press Machines | 18,096 | 67.2% | 23,502 | 73.1% | 5,406 | 29.9% | |||||
Services | 6,869 | 25.5% | 6,860 | 21.3% | △ 9 | △ 0.1% | |||||
Others | 1,944 | 7.2% | 1,801 | 5.6% | △ 142 | △ 7.3% | |||||
Total | 26,910 | 100.0% | 32,164 | 100.0% | 5,253 | 19.5% | |||||
Press Machines | Services | Others | |||||||||
898 | 1,313 | 1,010 | |||||||||
3,866 | 3,984 | ||||||||||
830 | 1,114 | 3,129 | 790 | ||||||||
3,104 | 3,764 | 2,876 | |||||||||
9,144 | 8,951 | 13,163 | 13,183 | 9,998 | 13,503 | ||||||
FY2022/3 | 2Q | 3Q | 4Q | FY2023/3 | 2Q | ||||||
1Q | 1Q | ||||||||||
Sales | by Geographic segment | |||||||||||||
(JPY mil.) | FY2022/3 | FY2023/3 | Fluctuation | |||||||||||
1st Half | 1st Half | Amount | % | |||||||||||
Japan | 10,120 | 37.6% | 11,307 | 35.2% | 1,186 | 11.7% | ||||||||
China | 3,906 | 14.5% | 5,043 | 15.7% | 1,136 | 29.1% | ||||||||
Asia | 1,155 | 4.3% | 3,119 | 9.7% | 1,963 | 170.0% | ||||||||
Americas | 5,836 | 21.7% | 7,951 | 24.7% | 2,114 | 36.2% | ||||||||
Europe | 5,890 | 21.9% | 4,742 | 14.7% | △ 1,148 | △ 19.5% | ||||||||
Total | 26,910 | 100.0% | 32,164 | 100.0% | 5,253 | 19.5% | ||||||||
Japan | China | Asia | Americas Europe | |||||||||||
2,897 | 3,397 | 2,877 | ||||||||||||
4,146 | 1,865 | 4,495 | ||||||||||||
3,004 | 2,886 | 3,654 | ||||||||||||
1,731 | ||||||||||||||
2,856 | 2,980 | 1,323 | 1,696 | 3,456 | ||||||||||
553 | 601 | 2,477 | 2,113 | 1,387 | 3,330 | |||||||||
1,806 | 2,100 | 6,838 | 7,009 | 1,712 | 6,064 | |||||||||
4,859 | 5,261 | 5,243 | ||||||||||||
FY2022/3 | 2Q | 3Q | 4Q | FY2023/3 | 2Q | |||||||||
1Q | 1Q | |||||||||||||
Sales by Business segment of the Medium-Term Management Plan(Press / FA / Service)
(JPY mil.) | FY2022/3 | FY2023/3 | Fluctuation | |||||||||
1st Half | 1st Half | Amount | % | |||||||||
Press Machines | 15,688 | 58.3% | 20,869 | 64.9% | 5,180 | 33.0% | ||||||
Factory Automation | 2,761 | 10.3% | 3,155 | 9.8% | 393 | 14.2% | ||||||
Services | 8,460 | 31.4% | 8,140 | 25.3% | △ 320 | △ 3.8% | ||||||
Total | 26,910 | 100.0% | 32,164 | 100.0% | 5,253 | 19.5% | ||||||
Press Machines | Factory Automation Services | |||||||||||
3,931 | 4,951 | 4,666 | ||||||||||
3,757 | 4,703 | 1,917 | 1,365 | 3,473 | 1,405 | |||||||
1,801 | 960 | 1,749 | ||||||||||
11,342 | 12,046 | 12,426 | ||||||||||
7,521 | 8,166 | 8,442 | ||||||||||
FY2022/3 | 2Q | 3Q | 4Q | FY2023/3 | 2Q | |||||||
1Q | 1Q | |||||||||||
Sales (press machines) by Customer industry
(JPY mil.) | FY2022/3 | FY2023/3 | Fluctuation | |||
1st Half | 1st Half | Amount | % | |||
Automotive relate | 12,414 | 68.6% | 16,036 | 68.2% | 3,622 | 29.2% |
Electric related | 1,906 | 10.5% | 1,884 | 8.0% | △ 21 | △ 1.1% |
Other industries | 3,776 | 20.9% | 5,581 | 23.7% | 1,805 | 47.8% |
Total | 18,096 | 100.0% | 23,502 | 100.0% | 5,406 | 29.9% |
Automotive related Electric related Other industries
2,706 | 2,427 | 2,968 | |||
1,810 | 1,965 | 1,148 | 1,583 | 2,613 | 1,140 |
828 | 1,077 | 9,309 | 9,171 | 744 | 9,394 |
6,505 | 5,908 | 6,641 | |||
FY2022/3 | 2Q | 3Q | 4Q | FY2023/3 | 2Q |
1Q | 1Q |
4
Sales / Operating Income (by Geographic segment)
Japan
(JPY mil.) | FY2022/3 | FY2023/3 | Fluctuation | ||||||||
1st Half | 1st Half | Amount | % | ||||||||
Net Sales | 16,215 | 18,736 | 2,520 | 15.5% | |||||||
Operating | 85 | 0.5% | △ 288 | △ 1.5% | △ 374 | - | |||||
Income | |||||||||||
Net Sales | Operating Income | ||||||||||
10,650 | 11,322 | ||||
9,818 | |||||
8,917 | |||||
7,958 | 8,257 | ||||
542 | |||||
89 | 174 | ||||
△ 3 | △ 97 | ||||
△ 190 | |||||
FY2022/3 | 2Q | 3Q | 4Q | FY2023/3 | 2Q |
1Q | 1Q |
China
(JPY mil.) | FY2022/3 | FY2023/3 | Fluctuation | ||||||||||||
1st Half | 1st Half | Amount | % | ||||||||||||
Net Sales | 4,094 | 5,331 | 1,236 | 30.2% | |||||||||||
Operating | 379 | 9.3% | 253 | 4.8% | △ 126 | △33.3% | |||||||||
Income | |||||||||||||||
Net Sales | Operating Income | ||||||||||||||
3,558 | |||||
2,178 | 2,564 | 2,192 | |||
1,915 | 1,772 | ||||
235 | 225 | ||||
187 | 192 | ||||
126 | |||||
28 | |||||
FY2022/3 | 2Q | 3Q | 4Q | FY2023/3 | 2Q |
1Q | 1Q |
Asia
(JPY mil.) | FY2022/3 | FY2023/3 | Fluctuation | ||||||
1st Half | 1st Half | Amount | % | ||||||
Net Sales | 2,383 | 5,433 | 3,049 | 128.0% | |||||
Operating | 155 | 6.5% | 339 | 6.3% | 184 | 119.3% | |||
Income | |||||||||
Net Sales | Operating Income | ||||||||
3,229 | |||||
2,495 | 2,766 | ||||
2,203 | |||||
353 | |||||
1,231 | 1,151 | 237 | 243 | ||
66 | 88 | 95 | |||
FY2022/3 | 2Q | 3Q | 4Q | FY2023/3 | 2Q |
1Q | 1Q |
Americas
(JPY mil.) | FY2022/3 | FY2023/3 | Fluctuation | ||||||||||||
1st Half | 1st Half | Amount | % | ||||||||||||
Net Sales | 5,888 | 8,197 | 2,308 | 39.2% | |||||||||||
Operating | 62 | 1.1% | 49 | 0.6% | △ 13 | △21.0% | |||||||||
Income | |||||||||||||||
Net Sales | Operating Income | ||||||||||||||
4,272 | 4,543 | ||||
3,707 | 3,653 | ||||
2,885 | 3,003 | ||||
105 | 46 | 160 | 147 | ||
△ 42 | |||||
△ 98 | |||||
FY2022/3 | 2Q | 3Q | 4Q | FY2023/3 | 2Q |
1Q | 1Q |
Europe
(JPY mil.) | FY2022/3 | FY2023/3 | Fluctuation | ||||||||||
1st Half | 1st Half | Amount | % | ||||||||||
Net Sales | 6,096 | 4,991 | △ 1,105 | △18.1% | |||||||||
Operating | 75 | 1.2% | 87 | 1.8% | 11 | 15.3% | |||||||
Income | |||||||||||||
Net Sales | Operating Income | ||||||||||||
3,616 | |||||
3,027 | 3,069 | 2,945 | 2,959 | ||
2,032 | |||||
89 | |||||
45 | 30 | 24 | 10 | ||
△ 1 | |||||
FY2022/3 | 2Q | 3Q | 4Q | FY2023/3 | 2Q |
1Q | 1Q |
5
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Aida Engineering Ltd. published this content on 21 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 November 2022 01:18:00 UTC.