Taikisha : FY2023 Financial Results Material

TAIKI-SHA LTD.

Financial Results Material

FY2023（Ended March 31, 2024）

May 15,2024

Table of

Contents

1.	Financial Summary	P.03
2.	Financial Summary by Segment	P.09
3.	Financial Statement	P.23

C o p y r i g h t 2 0 2 4 T a i k i s h a L t d . , A l l R i g h t s R e s e r v e d .

2

Table of

Contents

1.	Financial Summary	P.03
2.	Financial Summary by Segment	P.09
3.	Financial Statement	P.23

C o p y r i g h t 2 0 2 4 T a i k i s h a L t d . , A l l R i g h t s R e s e r v e d .

3

FY2023 Financial Highlight

Set all-time records in Sales and all income items

Business environment （Japan）

Capital investment of electronic component manufacturers and automobile manufacturers is ongoing and demand for the renovations in the metropolitan area was steady.

Orders-received

Sales

263.5 293.5

Billion yen	Billion yen
YoY Change	YoY Change

-8.7%+36.7%

Business environment （Overseas）

Although there is a concern about the slowdown of the global economy, the capital investment of manufacturers continued to be steady.

Profit attributable to

Ordinary income

owners of parent

19.815.6

Billion yen	Billion yen
YoY Change	YoY Change

+52.7%+97.1%

C o p y r i g h t 2 0 2 4 T a i k i s h a L t d . , A l l R i g h t s R e s e r v e d .

4

FY2023 Financial Summary

Exceeded Forecasts in Orders-received and income items

	FY2022	FY2023	YoY
(JPY bn)	Results	Results	Change
Orders-received	288.6	263.5	-25.1
Net-sales of completed	214.7	293.5	78.7
construction contracts
Ordinary income	13.0	19.8	6.8
Ratio	6.1%	6.8%	0.7pt
Profit attributable to owners of parent	7.9	15.6	7.6
Ratio	3.7%	5.3%	1.6pt
ROE	6.3%	11.6%	5.3pt
EPS	234.62 yen	471.94 yen	237.32 yen

FY2023	vs. Forecast
Forecasts*
256.0	7.5
294.5	-0.9
18.1	1.7
6.1%	0.6pt
13.3	2.3
4.5%	0.8pt
10.1%	1.5pt
-	-

* Revised at the announcement of the financial result for the third quarter

▍Exchange rate of main overseas affiliates

	❶		❷
(Yen)	FY2022		FY2023
US＄		130.78	140.55
THB		3.73	4.04
CNY		19.39	19.81
INR		1.68	1.75

▍Exchange rate impact

Impact of exchange rate difference between ❶and❷

Sales： 6.5 billion yen

Ordinary income： 0.3 billion yen

C o p y r i g h t 2 0 2 4 T a i k i s h a L t d . , A l l R i g h t s R e s e r v e d .

5

Trends of Performance

Growth continues despite being affected by external environment

▍Trends in Orders-received・ Sales ・ Ordinary income

(JPY bn)

Orders-received

Sales

Ordinary income

300.0											288.6	293.5
												263.5
250.0					231.8	241.8	226.9
		221.7		225.4			232.1
				225.3
			212.4 218.3	219.8			200.4	202.5	209.2	214.7	19.8
	189.0			200.6
200.0	187.3
185.4
183.6
150.0						15.0	15.9
			12.3		13.0					13.0
100.0		9.5						12.2
									10.8
				9.8
	9.2
50.0
0.0													4.0
	FY2013	FY2014	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023

C o p y r i g h t 2 0 2 4 T a i k i s h a L t d . , A l l R i g h t s R e s e r v e d .

6

FY2023 Breakdown of fluctuation in Ordinary Income

Increased YoY from significant growth in Sales

(JPY bn)
▍Breakdown	（	）

19.8

13.0

C o p y r i g h t 2 0 2 4 T a i k i s h a L t d . , A l l R i g h t s R e s e r v e d .

7

FY2024 Earnings Forecast

Although a decrease in Sales and Income is expected due to absence of large

projects, Orders-received are expected to return to highest-ever level

▍Earnings forecast

	FY2023	FY2024	YoY
(JPY bn)	Results	Forecasts	Change
Orders-received	263.5	280.0	16.4
Net-sales of completed construction	293.5	258.0	-35.5
contracts
Operating income	18.2	14.0	-4.2

FY2024

Mid-Term Business

Plan Targets

236.0

238.0

-

Ordinary income	19.8	15.0	-4.8	15.0
Profit attributable to owners of parent	15.6	10.2	-5.4	9.6
ROE	11.6%	7.0%	-4.6pt	7.2%

▍Exchange rate of main overseas affiliates

	FY2023	FY2024
（Yen）	Results	Assumptions
US$	140.55	147.00
THB	4.04	4.03
CNY	19.81	20.00
INR	1.75	1.76

▍Impact of exchange rate fluctuations

Impact of 1% change in all exchange rates on the FY2024 forecast

Sales： 1.2 billion yen

Ordinary income： 0.07 billion yen

C o p y r i g h t 2 0 2 4 T a i k i s h a L t d . , A l l R i g h t s R e s e r v e d .

8

Table of

Contents

1.	Financial Summary	P.03
2.	Financial Summary by Segment	P.09
3.	Financial Statement	P.23

C o p y r i g h t 2 0 2 4 T a i k i s h a L t d . , A l l R i g h t s R e s e r v e d .

9

FY2023 Orders-Received by Segment

Decreased in the Green Technology and

Increased in the Paint Finishing

	FY2022	FY2023	YoY		FY2023	vs. Forecast
	Results	Results	Change		Forecasts*
(JPY bn)
Orders-received	288.6	263.5	-25.1		256.0	7.5
Japan	152.7	148.4	-4.3	142.7	5.7
Overseas	135.9	115.1	-20.8	113.3	1.8
Green Technology	208.0	171.9	-36.1	167.0	4.9
Building HVAC	36.1	36.2	0.0	33.0	3.2
Industrial HVAC	171.8	135.6	-36.1	134.0	1.6
Paint Finishing	80.5	91.6	11.0	89.0	2.6

* Revised at the announcement of the financial result for the third quarter

C o p y r i g h t 2 0 2 4 T a i k i s h a L t d . , A l l R i g h t s R e s e r v e d .

10