Results Presentation
for Three Months Ended March 31, 2024 EBARA (6361)
May 14, 2024
Table of Contents
Points of Results | P3 |
1. FY24 1Q Summary of Results | |
・Consolidated | P5 |
・Segment | P6 |
・Breakdown of Changes in Operating Profit | P7 |
・Revenue by Region | P8 |
2. FY24 1Q Results by Segment | |
・Building Service & Industrial | P10 |
・Energy | P11 |
・Infrastructure | P12 |
・Environmental Solutions | P13 |
・Precision Machinery | P14 |
3. FY24 Forecast | |
・Consolidated | P16 |
・Segment | P17 |
・Breakdown of Changes in Operating Profit | P18 |
・Shareholder Returns | P19 |
4. Topics
・Stock Split | P20 |
5. Appendix | |
・Consolidated Forecast(FY24 3-4Q) | P22 |
・Orders | P23 |
・Revenue | P24 |
・Operating Profit | P25 |
・Backlog of Orders | P26 |
・Revenue by Region | P27 |
・Service & Support (S&S) Revenue | P28 |
・Balance Sheet | P29 |
・Cash Flows | P30 |
・ESG Topics | P31 |
- Abbreviations: FY (Fiscal year, e.g., FY24: fiscal year ending December 31, 2024)/1Q: first quarter figures/1-2Q,1-3Q,1-4Q: cumulative total of each quarter indicated
- Figures in this document are based on IFRS
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Points of Results
FY24 1Q Results | FY24 Forecast | |||||||||
YoY* | ||||||||||
Orders | ¥191.6 | B. | ¥-6.3 B. | → | Orders | ¥834.0 | B. | |||
-3.2% | ||||||||||
Revenue | ¥193.8 | B. | ¥9.7 B. | ↗ | Revenue | ¥827.0 | B. | |||
+5.3% | ||||||||||
Operating Profit | ¥19.2 | B. | ¥4.0 B. | ↗ | Operating Profit | ¥87.0 | B. | |||
+26.4% | ||||||||||
OP Ratio | 10.0% | +1.7pts | OP Ratio | 10.5% | ||||||
* +5% change or more | -5% change or more → less than ±5% change |
YoY* | |
¥13.4 B. | → |
+1.6% | |
¥67.6 B. | ↗ |
+8.9% | |
¥0.9 B. | → |
+1.1% | |
-0.8pts |
Topics
FY24 1Q
Results
- Orders at almost same level as FY23 1Q, which was a record high for 1Q
The semiconductor market has bottomed out, although a full recovery may take time, orders for Precision Machinery Segment are recovering. Orders declined in Environmental Solutions and Energy Segments compared with FY23 1Q due to due to the timing of orders for large-scale projects rather than changes in market conditions
- Revenue, Operating Profit, and OP Ratio reached record highs for 1Q, supported by revenue growth, improved profitability, and the exchange rate
FY24 | ◼ Results are mostly in line with initial forecasts and proceeding to plan |
Forecast | (Slight revision of 1-2Q forecast in light of 1Q results) |
Other | ◼ A five-for-one split of shares is scheduled for July 1, 2024 |
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- FY24 1Q Summary of Results
- FY24 1Q Results by Segment
- FY24 Forecast
- Topics
- Appendix
4 | Copyright(c) Ebara Corporation, All rights reserved |
1. FY24 1Q Summary of Results
Consolidated
(billions of yen)
Orders
Revenue
Operating Profit
OP Ratio
Profit Attributable
to Owners of Parent
EPS (yen)
Exchange Rate*
Vs. USD (JPY)
Vs. EUR (JPY)
Vs. CNY (JPY)
- Exchange rates are the average rates for each quarter
FY23 1Q | FY24 1Q | Change | Change % |
a | b | b-a | (b-a)/a |
197.9 | 191.6 | -6.3 | -3.2% |
184.0 | 193.8 | +9.7 | +5.3% |
15.2 | 19.2 | +4.0 | +26.4% |
8.3% | 10.0% | +1.7pts | |
8.0 | 14.6 | +6.5 | +81.5% |
87.95 | 159.20 | +71.24 | +81.0% |
132.31 | 148.25 | +15.94 |
141.92 | 160.98 | +19.06 |
19.33 | 20.64 | +1.31 |
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1. FY24 1Q Summary of Results
Segment
(billions of yen) | FY23 1Q | FY24 1Q | Change | Change % | |||
a | b | b-a | (b-a)/a | ||||
Orders | 197.9 | 191.6 | -6.3 | -3.2% | |||
Total | Revenue | 184.0 | 193.8 | +9.7 | +5.3% | ||
Operating Profit | 15.2 | 19.2 | +4.0 | +26.4% | |||
OP Ratio | 8.3% | 10.0% | +1.7pts | ||||
Building Service & | Orders | 52.2 | 58.1 | +5.8 | +11.3% | ||
Revenue | 53.0 | 56.5 | +3.4 | +6.6% | |||
Industrial | Operating Profit | 3.9 | 4.3 | +0.4 | +10.0% | ||
OP Ratio | 7.5% | 7.8% | +0.3pts | ||||
Orders | 62.3 | 54.5 | -7.8 | -12.6% | |||
Energy | Revenue | 35.9 | 43.5 | +7.6 | +21.2% | ||
Operating Profit | 1.1 | 3.6 | +2.5 | +229.5% | |||
OP Ratio | 3.1% | 8.4% | +5.3pts | ||||
Orders | 15.6 | 18.9 | +3.2 | +21.0% | |||
Infrastructure | Revenue | 20.3 | 17.2 | -3.1 | -15.5% | ||
Operating Profit | 4.8 | 3.5 | -1.2 | -26.7% | |||
OP Ratio | 23.7% | 20.6% | -3.1pts | ||||
Environmental | Orders | 33.3 | 5.2 | -28.0 | -84.1% | ||
Revenue | 17.8 | 20.8 | +2.9 | +16.4% | |||
Solutions | Operating Profit | 1.8 | 3.0 | +1.2 | +68.1% | ||
OP Ratio | 10.2% | 14.8% | +4.6pts | ||||
Orders | 34.0 | 54.3 | +20.3 | +59.9% | |||
Precision Machinery | Revenue | 56.4 | 55.3 | -1.1 | -2.0% | ||
Operating Profit | 3.4 | 5.4 | +1.9 | +56.1% | |||
OP Ratio | 6.2% | 9.9% | +3.7pts | ||||
Others, | Orders | 0.2 | 0.2 | +0.0 | +0.7% | ||
Revenue | 0.3 | 0.2 | -0.0 | -6.6% | |||
Adjustment | Operating Profit | 0.0 | -0.8 | -0.8 | - | ||
OP Ratio | 1.9% | -285.9% | -287.8pts |
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1. FY24 1Q Summary of Results
Breakdown of Changes in Operating Profit
Profitability and revenue growth outpaced fixed cost increase
(billions of yen)
- Greatly improved profitability in Precision Machinery (+)
- Gain on sale of land in Energy (U.S.) (+)
Increase in labor costs due to raise of monthly base salary, etc. (-)
Loss on retirement of buildings at Fujisawa District, etc. (-)
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1. FY24 1Q Summary of Results
Revenue by Region
Japan
Overseas
China
Asia (excl. Japan
China)
North America
Europe
34.4 | ||
26.7 | +28.8% | |
22.7 | |
33.6 | -32.4% |
24.8 | ||||
+5.8% | ||||
23.4 | ||||
11.8 | ||||
12.9 | -8.4% |
79.8
73.0
+9.3%
113.9
110.9
+2.7%
Europe 6%
North
America
13%
Middle | Others |
East | 4% |
7% |
FY24 | 1Q |
Revenue Composition | |
Domestic 41% | |
Overseas 59% |
Japan 41%
Middle East
Others
13.0 | |
+55.3% | |
8.3 |
7.0 +21.9%
5.8
(billions of yen)
Upper bar: FY24 1Q
Lower bar: FY23 1Q
- YoY
Asia (excl. | |
Japan China) | China |
12% | |
18% | |
"Revenue by Region" indicates revenue on the basis of the geographical location where the goods are sold
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- FY24 1Q Summary of Results
- FY24 1Q Results by Segment
- FY24 Forecast
- Topics
- Appendix
9 | Copyright(c) Ebara Corporation, All rights reserved |
2. FY24 1Q Results by Segment
Building Service & Industrial
Results (Billions of yen)
Orders
Revenue
Key Changes (vs. FY23 1Q)
Market | ◼ GDP growth continues at a slow pace in Japan, China, and South |
America, but is recovering in Asia in developing markets and the |
FY23 | FY24 | 230.0 |
117.0 169.3169.3 221.3
111.0 | |
52.2 | 58.1 |
53.056.5 106.5113.0
230.0
222.1
161.8
161.8
Environment | Middle East |
◼ China's building equipment market remains weak due to | |
restrained real estate investment | |
Orders | ◼ Strong in China for industrial market products |
◼ Increased in Japan due to price revisions | |
Strong in North America and the Middle East |
1Q | 1-2Q | 1-3Q | 1-4Q | |
Operating Profit | ||||
15.7 | 16.5 | |||
10.410.4 |
6.7 7.5
3.9 4.3
1Q | 1-2Q | 1-3Q | 1-4Q |
S&S* Revenue | |||
*Service & Support |
1Q | 1-2Q | 1-3Q1-4Q | |
OP Ratio | |||
7.8% | 6.6% | 6.5% | 7.2% |
7.5% | 6.5% | 7.1% | |
6.3% | |||
1Q | 1-2Q | 1-3Q | 1-4Q |
Revenue by Region
◼ | |
Revenue | ◼ Increased due to strong performance in Japan |
◼ Increased in South America, North America, and the Middle East | |
due to exchange rate | |
Operating | ◼ Revenue increased (+) |
◼ Profitability improved due to increased revenue in higher-margin | |
Profit | S&S (+) |
◼ Labor costs increased (-) |
Breakdown of Changes in Operating Profit (Billions of yen)
42.2 | 42.5 | FY24 S&S Ratio 25% |
FY23 S&S Ratio 21% | ||
14.0 | ||
10.8 |
26.1
23.6
13.512.8
FY23 Domestic 46%, Overseas 54%
FY23 Domestic 45%, Overseas 55%
3.6 4.0 | 5.9 6.0 | 2.0 2.3 | 4.2 | 5.2 |
Products | S&S |
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Japan Asia North Europe Middle Other
America East
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Ebara Corporation published this content on 14 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 May 2024 06:48:09 UTC.