(Stock Code: 7242; Prime Market of Tokyo Stock Exchange)
1
Summary
FY2022 Performance Overview
*Segment profits correspond to operating income in JGAAP.
Increase in sales and profit over the previous year (record high profit)
Net sales increased 11% over the previous year with the recovery of the market from theCOVID-19 situation and a depreciation of the yen.
Despite the impact of cost increases due to inflation, segment profits* and following items increased due to a depreciation of the yen.
Dividends per share increased 60 yen from the previous dividend forecast to 200 yen annually.
(Yen)
Forecast (as of Feb.)
Actual
Differences
Interim
70
70
⎼
Year-end
70
130
+60
Annual
140
200
+60
FY2023 Forecast
Increase in net sales and segment profits is forecastedyear-on-year
We anticipate a recovery in demand in regions excluding China, leading to a 4% increase in revenue compared to the previous year.
Despite the impact of the surge in energy prices, we are forecasting an increase in segment profits due to our continued efforts to improve costs and sales activities.
The annual dividend per share for FY2023 is expected to be 200 yen, the same as FY2022.
(Yen)
FY2022 (actual)
FY2023 (forecast)
Differences
Annual dividends
200
200
±0
2
Payout ratio
19.4%
26.8%
+7.4%
FY2022 Financial Summary
IFRS
Differences
(¥ Billion)
FY2021
FY2022
FY2022
Previous
Forecast
forecast
actual
1H
2H
actual
period
(as of Feb.)
(as of Feb.)
Net sales
388.4
442.0
209.9
221.3
431.2
42.8
(10.8)
Segment profits*
24.7
26.5
11.7
13.8
25.5
0.8
(1.0)
[Segment profits ratio]
[6.4%]
[6.0%]
[5.6%]
[6.2%]
[5.9%]
Operating profit
30.0
29.7
14.8
17.7
32.5
2.5
2.8
Profit attributable to
22.5
20.4
10.6
16.6
27.2
4.8
6.8
owners of the parent
Dividend (¥)
105
140
70
130
200
95
60
FOREX (Average) (¥)
JPY/ US$
112.38
134.90
133.97
136.99
135.48
JPY/ EUR
130.56
139.19
138.72
143.23
140.97
3
*Segment profits correspond to operating income in JGAAP.
FY2022 Net Sales and Segment Profits
(¥ Billion)
AC
HC
Aircraft Components
Others
Total
Net Sales
FY2021
FY2022
Differences
actual
actual
237.8
278.5
40.7
136.6
137.9
1.2
3.7
4.4
0.8
10.3
10.4
0.1
388.4
431.2
42.8
Segment Profits
FY2021
FY2022
Differences
actual
actual
16.0
18.7
2.7
11.8
7.5
(4.2)
(4.0)
(1.4)
2.5
0.9
0.7
(0.2)
24.7
25.5
0.8
AC: Automotive Components
HC: Hydraulic Components
Others: Special-purpose vehicles, electronic components, etc.
4
FY2022 Financial Position
(¥ Billion)
Mar. 31, 2022
Mar. 31, 2023
Differences
Current assets
240.4
252.0
11.5
Non-current assets
193.8
194.9
1.1
Total assets
434.2
446.8
12.6
Current liabilities (Note)
198.4
197.2
(1.2)
Non-current liabilities (Note)
74.9
58.6
(16.3)
Total liabilities
273.3
255.8
(17.5)
Equity attributable to owners of the
153.4
182.8
29.4
parent company
Non-controlling interest
7.5
8.2
0.7
Total capital
160.9
191.0
30.1
Total capital and liabilities
434.2
446.8
12.6
(Note) Long-term debt
90.9
84.5
(6.4)
Provisions for product warranties
13.6
4.4
(9.2)
related to vibration control dampers
5
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Disclaimer
KYB Corporation published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 07:47:18 UTC.
KYB Corp is a Japan-based company mainly engaged in the manufacture and sale of hydraulic shock absorbers and hydraulic equipment, as well as the provision of services related to each business. The Company operates through three segments. The Automotive Components (AC) segment produces hydraulic equipment for automobiles, mainly hydraulic shock absorbers for automobiles and motorcycles, and power steering products. The Hydraulic Components (HC) segment produces industrial hydraulic equipment mainly for construction machinery, stage mechanisms, naval equipment, and vibration damping devices. The Aviation Equipment segment produces takeoff and landing gear, steering gear, and control equipment for aircraft. The Company also manufactures and sells concrete mixers, powder and granule transport vehicles, special function vehicles, and electronic equipment.