Tazmo : FY2023 Annual Results (Presentations)

FY2023

Financial

Announcement

January 2023 -

December 2023

March 7 , 2024

Security Code:

6266

Company Guide

https://tazmo.co.jp/wp/wp-content/uploads/2023/08/tazmo_companyguide.pdf

Impact of 2024 Noto Peninsula Earthquake

We would like to extend our deepest condolences to the families who lost their loved ones in the 2024 Noto Peninsula Earthquake which occurred on January 1, 2024. Our thoughts and prayers are with those affected by the disaster, including the survivors and their families.

Regarding the impact of this earthquake on our company group, we would like to inform you as follows:

1. Status of Damage

There have been no human casualties or physical damages within our company group.

2. Status of parts procurement from suppliers

As of March 7, 2024, some of our suppliers have been affected by the earthquake; however, there

are no significant matters that would have a major impact on our company group's parts procurement

or production schedule.

3. Impact on business results

As of March 7, 2024, we have not confirmed any impact on our company group's business results

with this earthquake. We will promptly notify you of any significant matters that need to be disclosed in the future.

© 2024 TAZMO Co.,Ltd.

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INDEX	01	FY2023 Consolidated
	Financial Summary

02

03

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FY2023 Segment Information

FY2024 Financial Estimates

Appendix

© 2024 TAZMO Co.,Ltd.

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01	FY2023 Consolidated
Financial Summary
	(January 2023 - December 2023)

© 2024 TAZMO Co.,Ltd.

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FY2023 Financial Highlights

Although sales were lower than the initial plan, sales and income increased YoY

Net sales	Operating	Ordinary income	Net income(*)
income

28,161	3,654	3,890	2,356
million Yen	million Yen	million Yen	million Yen
YoY Change +15.6%	YoY Change +30.2%	YoY Change +23.9%	YoY Change +4.1%

▍Summary

• Equipment for power semiconductors contributed to increased sales and profits
• Delays in equipment acceptance inspection and equipment investment.
• Due to the depreciation of the yen, foreign exchange gain of 229 million yen was recorded as non-operating income.
• Recorded 335 million yen as extraordinary loss as impairment loss on investment securities.

(*) Net income: Net income attributable to owners© 2024of TAZMOparentCo.,Ltd.
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Financial Summary

Although there was a delay in the acceptance inspection of equipment, demand

for equipment for power semiconductors was strong and drove profits.

（Millions of yen）

FY2022

(Actual)

FY2023

Actual	Net sales
ratio (%)

YoY change

(%)

FY2023	cf. Plan
estimates

Net sales	24,356	28,161	－	15.6
Gross profit	7,328	8,558	30.4	16.8
Operating income	2,806	3,654	13.0	30.2
Ordinary income	3,138	3,890	13.8	23.9
Net income
attributable to	2,263	2,356	8.4	4.1
owners of parent
ROE	14.8％	12.7％	－	△2.1P

31,423	△10.4
－	－
3,118	17.2
3,087	26.0
2,109	11.7
－	－

© 2024 TAZMO Co.,Ltd.

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Trend in Net sales and Operating profit

Sales and profits reached record highs.

	FY2015Net sales	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021

30,000

Operating income

Operating margin

22,001

20,000			19,036	19,516
		18,223
		17,169
	11.9%
12,258		9.7%		9.7%	9.5%
11,329
			8.4%
10,000	8.3%
		5.2%

1,013	1,346	1,672	1,606		1,886	2,092
951
0
	FY2015	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021

FY2022 （MillionsFY2023of yen）

28,161

24,356

11.5%	13.0%

3,654

2,806

FY2022FY2023

© 2024 TAZMO Co.,Ltd.

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Balance Sheet

The main factors contributing to the increase/decrease in assets were an increase in work in process and an increase in long-term borrowings in liabilities.

（Millions of yen）	FY2022	FY2023	YoY change(%)		Major change
Current assets	31,905	39,420	23.6		▍Current Assets	（Millions of yen）
Non-current assets	7,491	8,008	6.9			＋1,758
	Cash and deposits
Property, plant	6,267	7,007	11.8		Notes and accounts receivable -	＋1,178
and equipment
	trade

Intangible assets	198	157	△20.4
Investments and
1,025	842	△17.8
other assets
Total assets	39,397	47,428	20.4
Current Liabilities	18,463	21,380	15.8
Non-Current Liabilities
3,384	5,952	75.9
Total liabilities	21,847	27,333	25.1
Total net assets	17,549	20,095	14.5
Equity ratio	43.9%	41.7%	△2.2P

Work in process

＋3,979

▍Current Liabilities

Short-term borrowings	＋1,157
Contract liabilities	＋1,554

▍Non-Current Liabilities

Long-term borrowings

+2,432

© 2024 TAZMO Co.,Ltd.	8

Balance Sheet

▍Assets

（Millions of yen）

▍Liabilities/Equity

（Millions of yen）

Cash equivalent 50,000

Trade receivable

Investors

Other current assets

40,000Noncurrent assets

30,000

25,785 26,771

2,534 2,928

20,000 5,627 5,794

9,882 10,199

10,000

812 727

6,928 7,120

29,390

3,267

6,677

11,384

746

7,314

47,428

6,899

39,397

5,141 8,387

6,365

22,173

17,983

2,415 1,959

7,491 8,008

50,000Interest-bearing debt Other liabilities

Net assets

40,000

30,000

25,785

5,039

20,000

10,408

10,000

10,337

39,397

7,941

29,390

26,771

5,151

4,37313,906

10,663

10,823

17,549

11,574 13,574

47,428

11,522

15,810

20,095

0

2019 2020

2021

2022 2023

0

2019

2020

2021

2022

2023

© 2024 TAZMO Co.,Ltd.

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Cash Flow

Although the increase in inventories decreased compared to the previous fiscal

year, it was the main factor behind the decrease in operating CF.

		FY2022	FY2023	YoY
（	）	(Actual)	(Actual)	change(%)

Highlights

Millions of yen
Cash flow from	△1,513	△261	△82.7

▍ Cash flow from operating activities

（Millions of yen）

operating activities
Cash flow from investing	△669	△1,392	107.9
activities
Free cash flow	△2,183	△1,653	△24.3
Cash flow from	4,098	3,275	△20.0
financing activities
Cash on hand	5,024	6,771	34.8

Profit before income taxes	3,549
Decrease (increase) in	△4,023
inventories
Increase (Decrease) Contract	1,506
Liabilities
▍ Cash flow from investing
activities
Purchase of property, plant and	△1,355
equipment
Purchase of intangible assets	△41
▍ Cash flow from financing
activities

Proceeds from long-term	5,200
borrowings
Repayments of long-	△2,110
term borrowings

© 2024 TAZMO Co.,Ltd.

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