Presentation of Consolidated Financial Results
for the 1st Quarter of the FY Ended March 31, 2024
(from April 2023 to June 2023)
1
Highlights of Consolidated Results Summary of P&L
(JPY mil.)
Order Intake
Net Sales
Cost of Sales
Gross Profit
Selling, general and administrative expenses
Operating Income / Loss
Ordinary Income / Loss
Income / Loss Before Income Taxes
Net Income / Loss
Exchange Rate | 1USD |
1EUR | |
FY2023/3 1Q(3M)
31,773
13,665
11,491
2,174
15.9%
2,295
△ 121
△0.9%
△ 117 △ 120
△ 175
¥129.52 ¥138.00
FY2024/3 1Q(3M)
22,679
16,867
13,743
3,124
18.5%
2,453
671
4.0%
748
755
473
¥137.31 ¥149.50
Fluctuation
Amount | % |
△ 9,093 | △28.6% |
3,201 | 23.4% |
2,251 | 19.6% |
950 | 43.7% |
(+2.6P) | |
157 | 6.9% |
792 | - |
(+4.9P) | |
865 | - |
876 | - |
648 | - |
7.79 | 6.0% |
11.50 | 8.3% |
(100million JPY)
Factors of Change in Operating
Increase of net sales | 4.4 |
Improvement of product mix | 4.4 |
and profitability | |
Decrease expenses | △ 0.9 |
Total | 7.9 |
【Summary】
Orders intake remained steady despite of a reactionary decline from a temporary increase in orders for high-speed presses.
Sales increased due to an
increase in high-speed presses as well as the effect of a weaker yen.
Profit increase
due to increase in sales and an improved product mix.
Despite orders for high-speed presses for EV drive motors remained steady,
Order Intake order intake dropped 28.6% year-on-year due to a reactionary decline from a temporary increase in orders for high-speed presses and other products.
Net Sales | Sales increased 23.4% year-on-year due to an increase in high-speed presses |
for EVs, as well as the effect of a weaker yen. | |
Despite of soaring raw material, subcontracting and logistics costs, gross profit
Gross Profit increased 43.7% year-on-year due to sales increase and improved product mix of presses.
Operating Income Operating income increased due to the above factors.
Net Income | Net income increased due to the above factors. |
2
Trend of Sales, Gross Profit and Operating Income
JPY(million) | Net Sales Gross Profit Operating Income/Loss | Gross Profit ratio | Operating Income ratio | ||
25,000 | 20% | |||
20,000 | 15% | |||
15,000 | 10% | |||
10,000 | 5% | |||
5,000 | 0% | |||
0 | -5% | |||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 |
1Q | 1Q |
JPY(million) | FY2023/3 | ||||||
1Q | 2Q | 3Q | 4Q | ||||
Net Sales | 13,665 | 18,498 | 15,970 | 20,660 | |||
Gross Profit | 2,174 | 3,127 | 2,595 | 3,730 | |||
Operating Income/Loss | △ 121 | 837 | 277 | 545 | |||
Gross Profit ratio | 15.9% | 16.9% | 16.2% | 18.1% | |||
Operating Income ratio | △0.9% | 4.5% | 1.7% | 2.6% |
FY2024/3
1Q
16,867
3,124
671
18.5%
4.0%
3
Sales to Third Party (by Business/Customer/Geographic segment)
Sales by Business segment(Press related / Others)
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | |||||||||
1Q | 1Q | Amount | % | |||||||||
Press Machines | 9,998 | 73.2% | 13,004 | 77.1% | 3,005 | 30.1% | ||||||
Services | 2,876 | 21.0% | 3,112 | 18.5% | 236 | 8.2% | ||||||
Others | 790 | 5.8% | 750 | 4.5% | △ 40 | △ 5.1% | ||||||
Total | 13,665 | 100.0% | 16,867 | 100.0% | 3,201 | 23.4% | ||||||
Press Machines | Services | Others | ||||||||||
1,010 | 1,361 | |||||||||||
786 | 4,647 | 750 | ||||||||||
3,984 | ||||||||||||
790 | 3,112 | |||||||||||
3,862 | ||||||||||||
2,876 | ||||||||||||
9,998 | 13,503 | 11,322 | 14,651 | 13,004 | ||||||||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 | ||||||||
1Q | 1Q | |||||||||||
Sales | by Geographic segment | |||||||||||
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | |||||||||
1Q | 1Q | Amount | % | |||||||||
Japan | 5,243 | 38.4% | 4,442 | 26.3% | △ 800 | △ 15.3% | ||||||
China | 1,712 | 12.5% | 3,472 | 20.6% | 1,760 | 102.8% | ||||||
Asia | 1,387 | 10.2% | 2,016 | 12.0% | 628 | 45.3% | ||||||
Americas | 3,456 | 25.3% | 3,162 | 18.7% | △ 294 | △ 8.5% | ||||||
Europe | 1,865 | 13.6% | 3,773 | 22.4% | 1,908 | 102.3% | ||||||
Total | 13,665 | 100.0% | 16,867 | 100.0% | 3,201 | 23.4% | ||||||
Japan | China | Asia | Americas Europe | |||||||||
2,877 | 3,131 | |||||||||||
3,550 | 4,538 | 3,773 | ||||||||||
1,865 | 4,495 | |||||||||||
1,953 | 3,162 | |||||||||||
3,456 | 1,731 | 3,855 | ||||||||||
3,353 | 2,016 | |||||||||||
1,387 | 3,330 | 1,193 | ||||||||||
3,472 | ||||||||||||
1,712 | 6,064 | 2,202 | 7,683 | |||||||||
5,243 | 5,168 | 4,442 | ||||||||||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 | ||||||||
1Q | 1Q | |||||||||||
Sales by Business segment of the Medium-Term Management Plan(Press / FA / Service)
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | ||||||||
1Q | 1Q | Amount | % | ||||||||
Press Machines | 8,442 | 61.8% | 11,102 | 65.8% | 2,660 | 31.5% | |||||
Factory Automation | 1,749 | 12.8% | 2,076 | 12.3% | 326 | 18.7% | |||||
Services | 3,473 | 25.4% | 3,688 | 21.9% | 214 | 6.2% | |||||
Total | 13,665 | 100.0% | 16,867 | 100.0% | 3,201 | 23.4% | |||||
Press Machines | Factory Automation Services | ||||||||||
4,666 | 5,764 | 3,688 | |||||||||
4,503 | |||||||||||
1,405 | 3,173 | ||||||||||
3,473 | 2,076 | ||||||||||
1,572 | |||||||||||
1,749 | |||||||||||
8,442 | 12,426 | 9,895 | 11,723 | 11,102 | |||||||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 | |||||||
1Q | 1Q | ||||||||||
Sales (press machines) by Customer industry
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | |||||||||
1Q | 1Q | Amount | % | |||||||||
Automotive relate | 6,641 | 66.4% | 8,657 | 66.6% | 2,015 | 30.4% | ||||||
Electric related | 744 | 7.4% | 1,511 | 11.6% | 766 | 103.0% | ||||||
Other industries | 2,613 | 26.1% | 2,835 | 21.8% | 222 | 8.5% | ||||||
Total | 9,998 | 100.0% | 13,004 | 100.0% | 3,005 | 30.1% | ||||||
Automotive related | Electric related Other industries | |||||||||||
2,968 | 2,338 | 2,835 | ||||||||||
1,817 | ||||||||||||
2,613 | 1,140 | 3,035 | 1,511 | |||||||||
602 | ||||||||||||
744 | ||||||||||||
10,496 | ||||||||||||
6,641 | 9,394 | 7,685 | 8,657 | |||||||||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 | ||||||||
1Q | 1Q | |||||||||||
4
Sales / Operating Income (by Geographic segment)
Japan
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | ||||||
1Q | 1Q | Amount | % | ||||||
Net Sales | 8,917 | 8,546 | △ 371 | △4.2% | |||||
Operating | △ 97 | △ 1.1% | △ 118 | △ 1.4% | △ 21 | - | |||
Income / | |||||||||
Loss | |||||||||
Net Sales | Operating Income | ||||||||
China
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | |||||||||||||
1Q | 1Q | Amount | % | |||||||||||||
Net Sales | 1,772 | 3,544 | 1,772 | 100.0% | ||||||||||||
Operating | 28 | 1.6% | 196 | 5.5% | 168 | |||||||||||
Income/ | 600.4% | |||||||||||||||
Loss | ||||||||||||||||
Net Sales | Operating Income | |||||||||||||||
Asia
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | |||||||||
1Q | 1Q | Amount | % | |||||||||
Net Sales | 2,203 | 2,893 | 690 | 31.3% | ||||||||
Operating | 95 | 4.4% | 338 | 11.7% | 242 | 252.6% | ||||||
Income/ | ||||||||||||
Loss | ||||||||||||
Net Sales | Operating Income | |||||||||||
13,040 | |
9,818 | 9,871 |
8,917 | 8,546 |
503 | |
240 | |
△ 97 | △ 118 |
△ 190 |
1,772
28
3,558
225
2,309
186
3,380 3,544
196
3,229 | 2,989 | 2,893 | |
2,203 | 2,253 | ||
357 | 338 | ||
243 | 211 | ||
95 |
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 |
1Q | 1Q |
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 |
1Q | △ 588 | 1Q | ||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 |
1Q | 1Q |
Americas
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | |||||
1Q | 1Q | Amount | % | |||||
Net Sales | 3,653 | 3,235 | △ 417 | △11.4% | ||||
Operating | △ 98 | △ 2.7% | △ 16 | △ 0.5% | 82 | - | ||
Income/ | ||||||||
Loss | ||||||||
Net Sales | Operating Income | |||||||
4,543 | 4,667 | |||
3,653 | 3,927 | |||
3,235 | ||||
147 | 252 | |||
△ 15 | △ 16 | |||
△ 98 | ||||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 |
1Q | 1Q |
Europe
(JPY mil.) | FY2023/3 | FY2024/3 | Fluctuation | ||||||
1Q | 1Q | Amount | % | ||||||
Net Sales | 2,032 | 4,482 | 2,450 | 120.6% | |||||
Operating | △ 1 | △ 0.1% | 79 | 1.8% | 80 | - | |||
Income/ | |||||||||
Loss | |||||||||
Net Sales | Operating Income | ||||||||
4,245 | 4,482 | |||
3,627 | ||||
2,959 | ||||
2,032 | ||||
89 | 73 | 65 | 79 | |
△ 1 | ||||
FY2023/3 | 2Q | 3Q | 4Q | FY2024/3 |
1Q | 1Q | |||
5 |
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Aida Engineering Ltd. published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2023 07:17:52 UTC.