Hibiya Engineering : Earnings Announcement for the Fiscal Year Ended March 2023 May 24,2023

(Stock code: 1982)

Earnings Announcement for the Fiscal Year Ended March 2023

May 24, 2023

Financial Summary for FYE March 2023

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Financial Highlights (consolidated)

• Orders received increased 8.4 billion yen (10.7%) YoY thanks to strong orders for large projects.
• Net sales rose 8.4 billion yen (11.2%) YoY due to steady progress in construction projects carried over and those for which orders were received in the fiscal year under review.
• Profits increased, despite a decrease in profitable large-scale projects from the previous fiscal year, as sales expanded and construction work was streamlined to a certain degree.

• Orders received, net sales, and profits all far exceeded the initial forecasts (business plan).

(Billion yen)

				2023/3
	2021/3	2022/3
	Initial forecast*
	Actual	Actual	Final year of the	Actual
				YoY
			Seventh
			Management Plan
Orders received	74.3	78.9	80.0	87.3		+8.4		+10.7%
Net sales	73.1	75.4	80.0	83.9		+8.4		+11.2%
Operating profit	3.9	5.6	4.5	5.9		+0.2		+5.1%
Ordinary profit	4.5	6.1	5.0	6.6		+0.4		+7.4%
Profit attributable	3.0	4.3	3.5	4.6		+0.2		+6.2%
to owners of parent
ROE	5.2%	7.1%		7.4%

* Announced on May 12, 2022	3
Disclosure of the Notice of Revision of Full-Year Forecast for the Fiscal Year Ended March 31, 2023 (April 28, 2023)

Orders Received by Category & by Customer (consolidated)

• Strong in all categories and customers (with significant YoY growth)

By category

Air conditioning	Plumbing and sanitation
Electrical	Other	(Billion yen)

90			78.9	87.3
80			10.4
74.3	8.4
70		8.5			16.3
60			15.2
14.7
50					18.5
13.5	15.2
40
30
				42.0
20			40.0
37.4
10
0
2021/3	2022/3	2023/3

By customer

		NTT Group	Public sector
		Private sector	Other	(Billion yen)
90					78.9			87.3
80							10.4
74.3			8.4
70		8.5						30.3*
60
26.2			31.6
50
							4.8
40
4.2			3.7
30
							41.7
20
35.1			35.0
10
0
2021/3			2022/3			2023/3

* Affected by a reduction in orders received (cancellation of orders in past fiscal years)

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Orders Received by Priority Domains (non-consolidated)

[Priority domains]

[Trend in orders received

(non-consolidated)]

Data centers/Information

Office buildings

Manufacturing

facilities/Distribution

90

80

70

60

50

40

65.7

30.6

(Billion yen)

76.8

70.5

26.3

39.3

Educational facilities/

Health care

Hotels/Resorts

Other

30

20

10

0

		21.2	*
18.4					16.7
		7.2
		6.7
5.9
6.0
			2.4
	3.0						5.5
				5.5
3.3
						6.2
4.5
		4.3
2021/3	2022/3	2023/3

* Affected by a reduction in orders received (cancellation of orders in past fiscal years)

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