ShinMaywa Industries : Presentation of FinancialResults for First Quarter of Fiscal Year 2023

Presentation of Financial Results for First Quarter of Fiscal Year 2023

August 1, 2023

Consolidated Financial Results for

First Quarter of Fiscal Year 2023

Note 1: Numerical values appearing in this document have been rounded down to the nearest unit,

while ratios are shown in round figures.

Note 2: In this document, "1Q" signifies the cumulative 3-month period, "2Q" signifies the cumulative 6-month period, "3Q" signifies the cumulative 9-month period, and "full year" signifies the cumulative 12-month period.

Summary of Consolidated Financial Results for the First Quarter of FY2023

							(Million yen)
	FY2022	FY2023		Change
	1Q	1Q		(Rate of change)
Orders received	71,133	63,758	-7,374			(-10.4％)
Net sales	47,262	52,399	+5,136			(+10.9％)
Operating profit	792	637	-154			(-19.5％)
Ordinary profit	1,450	1,218	-232			(-16.0％)
Profit attributable to	512	647	+135			(+26.4％)
owners of parent
Outstanding orders	236,904	267,094	+30,190			(+12.7％)
Exchange rate	127.2 yen	136.3 yen
(USD 1)

Year-on-year change

Orders received

• Orders received decreased overall as a result of decreases in the Industrial Machinery & Environmental Systems, Aircraft, and Others segments.

Net sales

• Sales increased in all segments except the Parking Systems segment, and increased overall.
• Highest 1Q on record.

Profits

• Operating profit and ordinary profit decreased as a result of a decline in the Special Purpose Truck segment due to the occurrence of parts shortages and one-time expenses at subsidiaries.
• Profit attributable to owners of parent increased due to a decrease in tax expenses.

© ShinMaywa Industries, Ltd.

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Consolidated Financial Results for the First Quarter of FY2023, by Segment

									(Billion yen)
	Orders received		Net sales		Operating profit
Segment
FY2022	FY2023	Change	FY2022	FY2023	Change	FY2022	FY2023	Change
	1Q	1Q	1Q	1Q	1Q	1Q
Special Purpose Truck	30.0	30.4	+0.3	20.9	22.6	+1.6	0.5	0.1	-0.3
Parking Systems	9.9	10.2	+0.2	8.5	8.2	-0.2	0.3	0.3	+0
Industrial Machinery &	16.5	12.0	-4.4	6.0	8.0	+2.0	0.5	0.5	+0
Environmental Systems
Fluid	5.7	6.1	+0.3	3.6	3.9	+0.2	-0	-0	+0
Aircraft	4.4	3.7	-0.7	5.4	6.7	+1.3	0.1	0.3	+0.2
Others	4.3	1.2	-3.1	2.5	2.6	+0	0	0	-0
Adjustments	－	－	－	－	－	－	-0.7	-0.8	-0.1
Total	71.1	63.7	-7.3	47.2	52.3	+5.1	0.7	0.6	-0.1

© ShinMaywa Industries, Ltd.

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Consolidated Balance Sheets / Consolidated Statements of Cash Flows

Consolidated Balance Sheets

			(Million yen)
	As of March	As of June	Change
	31, 2023	30, 2023
Cash and deposits	22,745	17,472	-5,273
Trade receivables	71,417	73,100	+1,682
Inventories	53,802	59,028	+5,225
Total fixed assets	45,191	45,077	-113
Others assets	33,749	35,883	+2,133
Total assets	226,907	230,562	+3,654
Trade payables	27,310	27,411	+100
Interest-bearing debt	52,417	58,739	+6,322
Other liabilities	46,739	44,083	-2,656
Total liabilities	126,467	130,234	3,766
Equity	98,747	98,674	-72
Other net assets	1,692	1,653	-39
Total net assets	100,439	100,327	-112
Total liabilities and net assets	226,907	230,562	3,654

Consolidated Statements of Cash Flows

			(Million yen)
	FY2022	FY2023	Change
	1Q	1Q
Cash flows from	-3,600	-8,525	-4,924
operating activities
Cash flows from	-1,104	-1,655	-551
investing activities
Free cash flows	-4,705	-10,180	-5,475
Cash flows from	-3,604	4,678	+8,283
financing activities

	Equity ratio	43.5%	42.8％
© ShinMaywa Industries, Ltd.		4