Iseki : Financial Results for the Second Quarter Fiscal Year Ending December 31, 2023 Investor Relations Presentation Materials
September 04, 2023 at 09:04 pm EDT
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Financial Results for the Second Quarter Fiscal Year Ending December 31, 2023
Investor Relations Presentation Materials
ISEKI & CO., LTD.
August 22, 2023
INDEX
Outline of Financial Results for the Second Quarter Fiscal Year Ending December 31, 2023
Domestic and Overseas Markets
Performance Forecast for the Fiscal Year Ending December 31, 2023
Topics
Financial Results Briefing for the Second Quarter of the Fiscal Year Ending December 31, 2023
2
1. Outline of Financial Results for the Second Quarter
Fiscal Year Ending December 31, 2023
Financial Results Briefing for the Second Quarter of the Fiscal Year Ending December 31, 2023
3
Key Points
Both domestic and overseas sales increased. Operating income increased
Domestic:
Overall sales rose partially due to an increase in construction of facilities,
despite a pullback from the last-minute demand before the April price
revisions
Overseas:
Sales increased as a whole due to an increase in Europe, despite a
slowdown in North America and Asia
Earnings:
Gross profit increased and margin improved mainly due to higher sales
and the effect of price revisions
The increase in operating income narrowed partially due to higher SG&A
expenses
<> Forecast>
No revision to the initial forecast
2Q Net Sales
(JPY bn, %)
77.5
72.2
86.6
86.7
92.3
Domestic
22.7%
20.8%
27.7%
33.6% 36.9%Overseas
FY2019
FY2020
FY2021
FY2022
FY2023
2Q
2Q
2Q
2Q
2Q
2Q Operating Income, Ratio
(JPY bn, %)
5.4%
3.0%
2.1%
1.8%
4.7
3.0%
1.6
2.5
2.7
1.2
FY2019
FY2020
FY2021
FY2022
FY2023
2Q
2Q
2Q
2Q
2Q
Financial Results Briefing for the Second Quarter of the Fiscal Year Ending December 31, 2023
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Outline of Consolidated Business Performance
(January 1, 2023 to June 30, 2023)(JPY bn, %)
FY2019/12
FY2020/12
FY2021/12
FY2022/12
FY2023/12
YoY
2Q Actual
2Q Actual
2Q Actual
2Q Actual
2Q Actual
Change
Net Sales
77.5
72.2
86.6
86.7
92.3
5.6
(Domestic)
59.9
57.2
62.6
57.5
58.2
0.7
(Overseas)
17.5
14.9
24.0
29.1
34.1
4.9
Gross Profit
22.5
21.4
25.7
25.1
27.2
2.0
Gross Profit Margin
29.1%
29.7%
29.8%
29.0%
29.5%
0.5%
Operating Income
1.6
1.2
4.7
2.5
2.7
0.1
Operating Margin
2.1%
1.8%
5.4%
3.0%
3.0%
0.0%
Ordinary Income
0.8
1.0
5.5
3.3
3.0
(0.3)
Profit (Loss) Attributable
0.6
0.9
4.1
2.5
1.9
(0.6)
to Owners of Parent
Average
US$
110.7
108.5
106.8
119.2
133.6
14.4
Exchange
Euro
125.7
119.7
129.1
131.6
143.8
12.2
Rate (JPY)
Financial Results Briefing for the Second Quarter of the Fiscal Year Ending December 31, 2023
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Iseki & Co. Ltd. published this content on 05 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 September 2023 01:03:04 UTC.
ISEKI & CO., LTD. is a Japan-based company mainly engaged in the agriculture-related business. The Company is mainly engaged in the development, manufacture, and sale of agricultural machinery related to rice cultivation and vegetable cultivation. The Agricultural-related segment is involved in development and manufacturing division, sales division and other division. The development and manufacturing division is engaged in the development and design of agricultural machinery. The sales division is engaged in the sale of products through domestic and overseas sales companies.
ISEKI & CO., LTD. 
