Mitsubishi Logisnext : Financial Results for the 3rd quarter of FY 2021(1.29MB)

Financial Results for the 3rd quarter of FY2021

(FY2021:From April 1, 2021 to March 31, 2022)

Feb. 21, 2022

1. FY2021/3Q Summary

Economic Market Trends

• ➢ The global economy is continuing its recovery trend from COVID-19.

• ➢ In the material handling equipment market, the recovery trend is continuing.

  The reactionary demand that has been observed in some areas has slowed, but it is keeping steady at the same or higher level than the level before COVID-19.

• ➢ On the other hand, the rapid economic recovery is still causing supply chain disruptions, and increasing material and transportation costs have a significant impact on production and costs.

Summary of FY2021/3Q Results

• ➢ Although orders received by group companies have been strong due to the growth of the forklift market, the production and shipping system has not been able to meet the increase in orders due to delays in the supply of various parts, resulting in the prolonging of the lead time.

• ➢ Net sales increased by 18.5% YoY due to the recovery of forklift demand from COVID-19.

• ➢ Operating profit increased 30.5% YoY (before amortization of goodwill, etc.) due to sales increase and efforts to reduce fixed costs, despite the impact of increasing material and transportation costs.

2. Financial Highlights

Unit: Hundred million JPY

Profit and Loss Statement	FY2020/3Q	FY2021/3Q	YOY Change
Net Sales	2,842.6	3,368.3	+525.7	+18.5％
Operating Profit (Before amortization of goodwill, etc.) (Operating profit margin)	76.9 （2.7％）	100.3 （3.0％）	+23.4	+30.5％
Amortization of Goodwill	71.6	70.5	―	―
Operating Profit (Operating profit margin)	5.3 （0.2％）	29.8 （0.9％）	+24.5	+465.7%
Ordinary Profit (Ordinary profit margin)	4.5 （0.2％）	27.5 （0.8％）	+23.0	+509.3%
Profit Attributable to Owners of Parent (Net income margin)	△25.6 （△0.9％）	3.5 （0.1％）	+29.0	―

FY2020/3Q actual FX rates：USD＝JPY106.12 EUR＝JPY122.37 CNY＝JPY15.44 FY2020/4Q actual FX rates：USD＝JPY106.06 EUR＝JPY123.70 CNY＝JPY15.67 FY2021/3Q actual FX rates：USD＝JPY111.11 EUR＝JPY130.61 CNY＝JPY17.25

Balance Sheet	FY2020/4Q	FY2021/3Q	YOY Change
Total Assets	3,635	3,819	+184	+5.0％
Total Liabilities	3,080	3,228	+148	+4.8％
Net Assets	555	591	+35	+6.4％

3. Business Results by Segment

Net Sales : Net sales increased due to the recovery of forklift demand mainly in Americas andEurope and Asia.

FY2021/3Q Sales by Region

Unit:

Hundred million JPYDomestic Business

Overseas Business

4,000

Net Sales

3,000

Japan 38%

2,000

1,000

0

FY2020/3Q

FY2021/3Q

() = previous year

Operating profit (*): Despite the impact of the sharp rise of material and transportation costs, operating profit increased due to sales increase and efforts to reduce fixed costs.

OperatingProfit*

Unit:

FY2021/3Q Operating Profit by Segment

Hundred million JPYDomestic Business 150.0

Overseas Business

100.0

50.0

0.0

FY2020/3Q

FY2021/3Q

* Operating Profit before amortization of goodwill, etc.

() = previous year

4. Sales by Region

Japan

(Unit: Hundred million JPY)

1,500

1,000

1,231.9

1,283.3

500

424.4	447.1
807.4	836.2

0

FY2020/3Q

FY2021/3Q

1Q+2Q3Q

(Unit: Hundred million JPY)

1,500

Americas

1,280.7

1,000

500

475.9

979.3

649.0

330.3

804.8

0

FY2020/3Q

1Q+2Q3Q

FY2021/3Q

(Unit: Hundred million JPY)

Europe

800

600 400 200

475.4

572.7

368.3

177.8

204.4

297.5

0

FY2020/3Q

1Q+2Q3Q

FY2021/3Q

(Unit: Hundred million JPY)

250

200

China and Asia231.5

150

100

80.0

156.0

100.6

55.4

151.5

50

0

FY2020/3Q

1Q+2Q3Q

FY2021/3Q