Meitec : Presentation materials (1.34MB)

Results for the Fiscal Year Ended March 31, 2023

May 11, 2023

MEITEC CORPORATION

President and CEO, COO

MEITEC Group CEO

Hideyo Kokubun

Disclaimer regarding forward-looking statements

Earnings forecasts and other forward-looking statements in this release are based on data currently available to management and certain assumptions that management believes are reasonable.

Actual results may therefore differ materially from these statements for various reasons. Some important factors that might have an effect on business performance pertain to Business

Risks stated in the Company's annual securities report and other information already released, but factors influencing business performance are not limited to those released.

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INDEX

1. Results for the Fiscal Year Ended March 31, 2023
2. New Mid-term Management Plan [2023-2025]
3. Forecast for the Fiscal Year Ending March 31, 2024
4. Reference Materials

(Note) This document has been translated from the Japanese original for reference purposes only. In the event of any

discrepancy between this translation and the Japanese original, the original shall prevail.	5

1. Results for the Fiscal Year

Ended March 31, 2023

Results for the Fiscal Year Ended March 31, 2023 (Group Consolidated)

• Net sales rose 11.1% year on year while operating profit rose 28.4%
• Profit rose 32.6% year on year due to decreased tax burden on Meitec and Meitec Fielders

	(Fractions of one million yen	FY ended	FY ended March.	YoY	％	Past Forecast	Progress toward the
	March. 31, 2022	31, 2023	Amount	Change	FY forecast
	are rounded down)
Net sales	107,140	119,069	＋11,928	＋11.1%	119,500	(431)
Cost of sales	78,917	86,360	＋7,442	＋9.4%	86,700	(340)
	Cost of sales to Net sales	73.7%	72.5%	(1.1%)
SG&A Expenses	15,405	16,245	＋840	＋5.5%	17,000	(755)
Operating profit	12,817	16,462	＋3,645	＋28.4%	15,800	＋662
	Operating profit margins	12.0%	13.8%	＋1.9%		13.2%	＋0.6%
Ordinary profit	12,948	16,540	＋3,592	＋27.7%	15,900	＋640
Extraordinary income & loss	(5)	(3)	＋2
Profit before income taxes	12,942	16,537	＋3,594	＋27.8%
Profit attributable to owners of parent	9,240	12,252	＋3,011	＋32.6%	10,900	＋1,352
	Profit margins	8.6%	10.3%	＋1.7%
Return on Equity (ROE)	20.6%	26.6%	＋6.0%
Ordinary profit to total assets ratio	16.5%	19.9%	＋3.4%

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Results for the Fiscal Year Ended March 31, 2023 (Business Domains)

• Both sales and profit increased in the Engineering Solutions Business and the Recruiting & Placement Business for Engineers year on year.

(Fractions of one million yen are rounded down)

Sales of Engineering Solutions Business

Component ratio

Operating profit

Sales of Recruiting & Placement Business for Engineers

Component ratio

Operating profit

	FY ended March.	FY ended March.	YoY	％
	31, 2022	31, 2023	Amount	Change
	105,715	117,456	＋11,740	＋11.1%
	98.7%	98.6%	(0.0%)
	12,343	15,915	＋3,572	＋28.9%
	1,530	1,681	＋151	＋9.9%
	1.4%	1.4%	(0.0%)
	474	547	＋72	＋15.3%

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Results for the Fiscal Year Ended March 31, 2023 (Meitec)

• Year on year, net sales rose 8.8% while operating profit rose 25.3% and the number of engineers increased 3.1%
• Profit rose 33.1% year on year due mainly to decreased tax burden

	(Fractions of one million yen	FY ended	FY ended March.	YoY	％	Past Forecast	Progress toward
	March. 31, 2022	31, 2023	Amount	Change	the FY forecast
	are rounded down)
Net sales	77,010	83,765	＋6,754	＋8.8%	83,500	＋265
Cost of sales	56,503	60,117	＋3,613	＋6.4%	60,000	＋117
	Cost of sales to Net sales	73.4%	71.8%	(1.6%)		71.9%	(0.1%)
SG&A Expenses	9,960	10,436	＋475	＋4.8%	10,800	(364)
Operating profit	10,546	13,212	＋2,665	＋25.3%	12,700	＋512
	Operating profit margins	13.7%	15.8%	＋2.1%		15.2%	＋0.6%
Ordinary profit	11,125	14,113	＋2,988	＋26.9%	13,600	＋513
Extraordinary income & loss	(5)	(3)	＋2
Profit before income taxes	11,120	14,110	＋2,990	＋26.9%
Profit	8,051	10,719	＋2,667	＋33.1%	9,600	＋1,119
Utilization ratio (Company-wide)	94.3%	97.2%	＋2.9%		96.5%	＋0.7%
Working Hours〈h/day〉	8.42	8.38	(0.04)	(0.5%)	8.41	(0.03)
Number of Recruitment	628	699	＋71	＋11.3%	754	(55)
	Newly graduated	462	474	＋12	＋2.6%	474	―
	Mid-career	166	225	＋59	＋35.5%	280	(55)
Turnover Ratio	5.8%	6.0%	＋0.2%		5.8%	＋0.2%
Number of Engineers	7,472	7,703	＋231	＋3.1%

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Results for the Fiscal Year Ended March 31, 2023 (Meitec Fielders)

• Year on year, net sales rose 18.0% while operating profit rose 46.4% and the number of engineers increased 10.8%
• Profit rose 43.1% year on year due mainly to decreased tax burden

	(Fractions of one million yen	FY ended March.	FY ended March.	YoY	％	Past Forecast	Progress toward
	are rounded down)	31, 2022	31, 2023	Amount	Change		the FY forecast
Net sales	25,814	30,471	＋4,657	＋18.0%	31,000	(529)
Cost of sales	20,015	23,561	＋3,545	＋17.7%	23,950	(389)
	Cost of sales to Net sales	77.5%	77.3%	(0.2%)		77.3%	＋0.1%
SG&A Expenses	4,067	4,375	＋308	＋7.6%	4,650	(275)
Operating profit	1,731	2,534	＋803	＋46.4%	2,400	＋134
	Operating profit margins	6.7%	8.3%	＋1.6%		7.7%	＋0.6%
Ordinary profit	1,732	2,535	＋802	＋46.3%	2,400	＋135
Extraordinary income & loss	―	―	―
Profit before income taxes	1,732	2,535	＋802	＋46.3%
Profit	1,337	1,913	＋576	＋43.1%	1,650	＋263
Utilization ratio (Company-wide)	89.0%	93.3%	＋4.3%		93.1%	＋0.2%
Working Hours〈h/day〉	8.39	8.26	(0.13)	(1.5%)	8.34	(0.08)
Number of Recruitment	913	1,008	＋95	＋10.4%	1,211	(203)
	Newly graduated	302	411	＋109	＋36.1%	411	―
	Mid-career	611	597	(14)	(2.3%)	800	(203)
Turnover Ratio	13.5%	13.9%	＋0.4%		13.0%	＋0.9%
Number of Engineers	3,793	4,203	＋410	＋10.8%

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