SATO Holdings Corporation

Fact Sheet - Q2 FY2024

(1/2)

FY2022

FY2023

FY2024

FY2024

(Millions of yen)

1Q

2Q

3Q

4Q

FY

1Q

2Q

3Q

4Q

FY

1Q

2Q

1H

Business performance

Sales

33,686

36,777

37,871

34,489

142,824

33,989

35,797

37,628

36,031

143,446

37,674

38,415

76,090

Overseas sales ratio

48.7%

50.3%

49.2%

43.9%

48.1%

48.4%

47.8%

46.9%

46.4%

47.4%

51.3%

50.0%

50.7%

Gross profit

12,623

15,034

15,393

13,633

56,684

13,673

15,018

15,842

14,582

59,117

15,604

15,513

31,118

Gross profit margin

37.5%

40.9%

40.6%

39.5%

39.7%

40.2%

42.0%

42.1%

40.5%

41.2%

41.4%

40.4%

40.9%

Selling, general and administrative expenses

11,798

12,082

12,088

11,873

47,843

11,513

12,558

12,375

12,286

48,733

12,740

12,598

25,339

Operating income

824

2,951

3,304

1,760

8,841

2,160

2,460

3,467

2,295

10,383

2,864

2,914

5,778

Operating income margin

2.4%

8.0%

8.7%

5.1%

6.2%

6.4%

6.9%

9.2%

6.4%

7.2%

7.6%

7.6%

7.6%

EBITDA *1

2,125

4,266

4,599

2,970

13,961

3,389

3,708

4,724

3,633

15,456

4,174

4,271

8,446

EBITDA margin

6.3%

11.6%

12.1%

8.6%

9.8%

10.0%

10.4%

12.6%

10.1%

10.8%

11.1%

11.1%

11.1%

Profit attributable to owners of parent

1,195

2,033

1,887

-932

4,184

1,304

686

2,814

-1,241

3,565

1,197

1,830

3,028

Effective tax rate

25.4%

24.7%

20.9%

-

30.6%

29.4%

28.0%

13.9%

-

25.8%

41.0%

16.8%

28.7%

Financial position

Total assets

129,479

129,804

123,028

122,858

122,858

125,170

125,193

128,172

132,457

132,457

138,941

132,050

132,050

Interest-bearing debt *2

16,886

16,554

15,944

15,600

15,600

15,430

14,618

17,796

17,734

17,734

17,782

17,490

17,490

Net assets

71,031

72,236

66,972

67,694

67,694

69,565

71,302

71,627

74,085

74,085

78,828

75,545

75,545

Research and development

1,107

1,096

1,202

1,238

4,644

1,078

1,159

1,122

1,073

4,434

1,211

1,089

2,301

Capital expenditures

1,599

1,177

1,480

2,100

6,357

1,740

2,989

1,561

1,950

8,241

2,105

1,945

4,050

Depreciation

1,224

1,234

1,213

1,182

4,855

1,191

1,213

1,221

1,300

4,926

1,270

1,319

2,590

Amortization of goodwill

76

80

80

27

264

37

34

36

37

146

38

38

77

Cash flow

Cash flow from operating activities

-122

957

1,291

3,063

5,190

1,827

2,820

2,539

5,375

12,563

2,944

3,239

6,184

Cash flow from investing activities

1,671

1,307

1,599

-2,288

2,290

-2,812

-2,128

-676

-2,317

-7,934

-2,994

-2,073

-5,068

Cash flow from financing activities

-1,473

-2,268

-1,495

-1,071

-6,309

-1,747

-871

1,875

-1,008

-1,751

-1,475

-16

-1,491

Foreign currency translation adjustments on cash and

759

108

-692

263

438

717

-30

-702

488

473

823

-1,295

-472

cash equivalents

Cash and cash equivalents at end of year

19,975

20,079

20,783

20,751

20,751

18,737

18,527

21,564

24,102

24,102

23,399

23,254

23,254

Per share data (yen)

EPS

126.66

110.02

BPS

2,020.83

2,199.41

DPS

36

36

72

36

37

73

37

37

Financial indicators

ROE

6.5%

5.2%

ROIC *3

7.7%

8.5%

ROA

7.5%

7.0%

Equity ratio

52.6%

53.5%

52.7%

53.3%

53.3%

53.7%

55.0%

53.8%

53.8%

53.8%

54.2%

54.9%

54.9%

Debt-equity ratio *4

24.8%

23.8%

24.6%

23.8%

23.8%

23.0%

21.2%

25.8%

24.9%

24.9%

23.6%

24.1%

24.1%

Dividend payout ratio

56.8%

66.4%

DOE

3.7%

3.5%

Other information

Number of employeesexcl. temporary staff/end

5,667

5,624

5,651

5,637

5,637

5,654

5,693

5,726

5,744

5,744

5,767

5,865

5,865

of quarter

Japan

2,001

2,000

1,994

1,989

1,989

1,994

2,012

2,026

2,029

2,029

2,043

2,045

2,045

Overseas

3,666

3,624

3,657

3,648

3,648

3,660

3,681

3,700

3,715

3,715

3,724

3,820

3,820

*1 EBITDAOperating incomeDepreciationAmortization of goodwill *2 Including lease obligations

*3 Operating income x [1 minus deemed corporate tax rate] / Average of [Equity capital + Interest-bearing debt] *4 Interest-bearing debt / Equity capital

November 13, 2024

FY2024 Forecasts

As of 13 Nov.

153,500

11,400

7.4%

16,900

11.0%

6,600

4,600

8,000

5,350

150

203.49

74

9.0%

8.7%

36.4%

0

SATO Holdings Corporation

Fact Sheet - Q2 FY2024

(2/2)

FY2022

FY2023

FY2024

FY2024

(Millions of yen)

1Q

2Q

3Q

4Q

FY

1Q

2Q

3Q

4Q

FY

1Q

2Q

1H

Segment information

Sales (consolidated)

33,686

36,777

37,871

34,489

142,824

33,989

35,797

37,628

36,031

143,446

37,674

38,415

76,090

Auto-ID Solutions Business

33,686

36,777

37,871

34,489

142,824

33,989

35,797

37,628

36,031

143,446

37,674

38,415

76,090

Overseas

16,394

18,483

18,626

15,153

68,657

16,452

17,104

17,648

16,725

67,931

19,321

19,223

38,545

Base Business

11,637

12,833

12,509

10,606

47,586

11,776

11,806

12,422

12,064

48,069

13,355

12,806

26,161

Primary Labels

4,757

5,649

6,117

4,546

21,071

4,676

5,297

5,226

4,661

19,862

5,966

6,416

12,383

Japan

17,291

18,294

19,244

19,336

74,166

17,536

18,692

19,980

19,305

75,514

18,353

19,191

37,545

Operating income (consolidated)

824

2,951

3,304

1,760

8,841

2,160

2,460

3,467

2,295

10,383

2,864

2,914

5,778

Auto-ID Solutions Business

910

3,051

3,746

2,039

9,748

1,959

2,452

3,417

2,139

9,968

2,772

3,076

5,849

Overseas

919

2,109

2,637

1,445

7,111

2,169

2,346

2,490

1,238

8,243

2,586

2,303

4,889

Base Business

693

1,140

1,335

417

3,586

1,003

679

1,340

523

3,546

1,277

1,053

2,330

Primary Labels

262

972

1,402

1,100

3,737

1,118

1,509

1,136

775

4,540

1,301

1,290

2,592

Eliminations

-36

-3

-99

-72

-212

47

157

12

-60

156

7

-40

-33

Japan

-8

941

1,108

594

2,637

-210

106

927

901

1,724

186

773

959

Eliminations

-86

-100

-441

-279

-907

201

7

49

156

415

92

-162

-70

Sales by vertical informationJapan

Manufacturing

5,041

5,299

5,382

5,426

21,149

4,865

5,279

5,607

5,635

21,388

4,899

5,330

10,230

Logistics

3,654

3,883

4,295

4,228

16,063

3,998

4,183

4,479

4,256

16,918

4,141

4,334

8,475

Retail *5

2,505

2,615

2,625

2,846

10,592

2,366

2,399

2,613

2,706

10,086

2,777

2,809

5,587

Health Care

2,095

2,184

2,429

2,610

9,319

2,166

2,472

2,709

2,485

9,834

2,268

2,486

4,754

Food & Beverage

1,861

1,910

2,184

1,855

7,812

1,852

2,049

2,243

1,975

8,120

2,062

2,131

4,194

Public

235

448

389

398

1,473

430

378

390

344

1,544

303

226

529

Exchange rate (YTD average)

USD/JPY

129.72

134.03

136.49

135.49

135.49

137.49

141.05

143.32

144.58

144.58

155.85

152.78

152.78

EUR/JPY

138.25

138.76

140.60

140.98

140.98

149.58

153.45

155.32

156.74

156.74

167.84

166.06

166.06

*5 ex-Retail/Apparel

November 13, 2024

FY2024 Forecasts As of 13 Nov.

153,500

153,500

74,500

79,000

11,400

11,500

7,800

3,700

-100

145

160

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SATO Holdings Corporation published this content on November 13, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 13, 2024 at 07:25:12.197.