DISCO CORPORATION FY2023
First Quarter Financial Results
July 20, 2023
DISCLAIMER
Statements in this PowerPoint with respect to DISCO's current strategies, plans, estimates, and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of DISCO. These statements are based on management's assumptions and beliefs in light of the information currently available to it and therefore you should not place undue reliance on them. DISCO cautions you that a number of important factors could cause actual results to differ materially from those discussed in the forward-looking statements, and you should not make decision on your investment thoroughly based on these statements. Such factors include, but not limited to, (i) general economic conditions and levels of demand in DISCO's markets; (ii) developments in technology and resulting changes in semiconductor and/or electronic component manufacturing process; (iii) levels of capital investment for manufacturing semiconductors and/or electronic components; (iv) expansions of the area for products and technologies using semiconductors and/or electronic components and its expanding speed; (v) DISCO's ability to continue to offer products and services corresponding to developments of new semiconductors and/or electronic components and new technologies for manufacturing them; (vi) exchange rates, particularly between the yen, the U.S. dollar, and the euro, and other currencies.
©DISCO CORPORATION All rights reserved
FY2023 1Q Earnings Results
Billions of Yen
Net Sales
Gross Profit
Gross Profit Margin SG&A
Operating Income
Ordinary Income Ordinary Income Margin
Income before income taxes and minority interests
Net Income
FY2023
1Q
54.0
35.2
65.2%
18.2
17.0
18.2
33.7%
18.1
12.7
FY2022 | QoQ | ||
4Q | Amount | (%) | |
79.0 | -25.1 | -31.7% | |
51.2 | -16.0 | -31.3% | |
64.8% | 0.4p | - | |
19.9 | -1.7 | -8.7% | |
31.3 | -14.3 | -45.7% | |
32.2 | -14.0 | -43.5% | |
40.7% | -7.0p | - | |
32.7 | -14.6 | -44.6% | |
25.7 | -13.0 | -50.6% |
FY2022 | YoY | |
1Q | Amount | (%) |
59.7 | -5.8 | -9.7% |
38.1 | -3.0 | -7.7% |
63.8% | 1.4p | - |
16.5 | 1.7 | 10.1% |
21.6 | -4.6 | -21.4% |
22.8 | -4.6 | -20.2% |
38.1% | -4.4p | - |
22.7 | -4.6 | -20.2% |
16.0 | -3.4 | -20.9% |
Sales: QoQ decreased due to inspection/acceptance timing.
GP margin: QoQ increased due to product mix, exchange rate, etc.
SG&A: QoQ decreased due to performance-based expenses, and YoY increased mainly due to personnel expenses.
2 | ©DISCO CORPORATION All rights reserved | ||||
Quarterly Financial Results
Billions of Yen | Due to the change in accounting policy, the timing of | |||||||||||||||||||||||||||||||||||
revenue recognition has been changed to | ||||||||||||||||||||||||||||||||||||
90.0 | Inspection/Acceptance Basis. | 50% | ||||||||||||||||||||||||||||||||||
80.0 | ||||||||||||||||||||||||||||||||||||
40% | ||||||||||||||||||||||||||||||||||||
70.0 | ||||||||||||||||||||||||||||||||||||
60.0 | 30% | |||||||||||||||||||||||||||||||||||
50.0 | ||||||||||||||||||||||||||||||||||||
40.0 | 20% | |||||||||||||||||||||||||||||||||||
30.0 | ||||||||||||||||||||||||||||||||||||
10% | ||||||||||||||||||||||||||||||||||||
20.0 | ||||||||||||||||||||||||||||||||||||
10.0 | 0% | |||||||||||||||||||||||||||||||||||
1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q |
FY14 | FY15 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 |
Net Sales | Operating Income | Ordinary Income Margin | ||
Sales were low due to inspection/acceptance, but profit margin exceeded 30% and remained high due to the high GP margin. (FY23_1Q Operating profit margin 31.5％, Ordinary profit 33.7%, Net income 23.5%)
3 | ©DISCO CORPORATION All rights reserved | ||||
Quarterly Sales Breakdown by Product
90.0
Billions of Yen
80.0
70.0 | ||||||||||||||||
60.0 | ||||||||||||||||
50.0 | ||||||||||||||||
40.0 | ||||||||||||||||
30.0 | ||||||||||||||||
20.0 | ||||||||||||||||
10.0 | 2Q | 3Q | 4Q | 2Q | 3Q | 4Q | 2Q | 3Q | 4Q | 2Q | 3Q | 4Q | FY23_1Q | |||
FY19_1Q | FY20_1Q | FY21_1Q | FY22_1Q |
Other
Maintenance Parts
Precision Processing Tools (Consumables)
Precision Processing Equipment
Note: Composition percentages are listed as additional information on the DISCO website.
4 | ©DISCO CORPORATION All rights reserved | ||||
Quarterly Sales Breakdown by Region
90.0
Billions of Yen
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
FY19 1Q | 2Q | 3Q | 4Q | FY20 1Q | 2Q | 3Q | 4Q | FY21 1Q | 2Q | 3Q | 4Q | FY22 1Q | 2Q | 3Q | 4Q | FY23 1Q |
FY23_1Q Overseas sales ratio:87.1%
Asia
Japan
Europe
North America
5 | ©DISCO CORPORATION All rights reserved | ||||
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Disco Corporation published this content on 20 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2023 07:21:39 UTC.
