Inactive Instrument

KITO CORP

Equities

6409

JP3240800007

KITO : (Presentation Slides) Financial Results for the FY ended March 2021

May 10, 2021 at 09:14 am

Financial Results for the Fiscal Year ended March 31, 2021

KITO CORPORATION

TSE 1st Section: 6409

May 10, 2021

FY2020-Q4 / 3 Months Summary

(JPY in million)	FY2020-Q4	FY2019-Q4	YoY change

Sales	16,225	15,969	+ 1.6 %
Op Income	1,481	1,526	(2.9)%
Op Income / Sales	9.1 %	9.6 %

Net Income *	1,029	1,072	(4.0)％
Net Income / Sales	6.3 %	6.7 ％

- Net Income attributable to owners of parent
Demand recovered to the same level as the previous year despite re- expansion of COVID
Effort focused on profit and cash generation with cost controlled across board
Van Leusden of Netherland was consolidated in Q4-FY2020
Goodwill impairment and restructuring cost from overseas subsidiaries are all recorded in Q4

FY2020 / Full-year Summary

(JPY in million)	FY2020	FY2019	YoY change

Sales	51,805	58,722	(11.8)%
Op Income	4,457	5,474	(18.6)%
Op Income / Sales	8.6 %	9.3 %

Net Income *	2,344	3,204	(26.8)％
Net Income / Sales	4.5 %	5.5 ％

- Net Income attributable to owners of parent
Demand was showing a gentle recovery trend after Q2-FY2020
Employee health is a priority; active use of remote-work program increased efficiency
Effort focused on profit and cash generation with cost controlled across board
Avoid price competition and stick with added value; market shares tracking upward

FY2020 Financial Results

FY2021 Forecast

Reference

Five Year Financial Results (FY2016 - FY2020)
Kito's Business

FY2020 Financial Highlight

JPY in millionFY 2020FY 2019 YoY change

Sales	51,805	58,722	(11.8)%
Gross Profit	18,724	21,979	(14.8)%

Gross Profit/ Sales	36.1%	37.4%

Operating Income	4,457	5,474	(18.6)%
Operating Income / Sales
	8.6%	9.3%
Ordinary Income	4,550	4,991	(8.8)%

Ordinary Income / Sales	8.8%	8.5%

Net Income	2,344	3,204	(26.8)％
Net Income / Sales	4.5%	5.5%


EBITDA	7,503	8,508	(11.8)%
Op Income + Depreciation

Note: Exchange Rate (FY2019 → FY2020)

USD/JPY 108.7->106.1 CAD/JPY 81.8->80.3 EUR/JPY 120.8->123.7 RMB/JPY 15.8->15.5

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KITO Corporation published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2021 08:12:08 UTC.

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Company Profile

KITO CORPORATION is a Japan-based company mainly engaged in the development, manufacture and sale of hoists, cranes and chains. The Company operates through Japan, the Americas, China, Asia, Europe and other six geography segments. The Company also provides parts and maintenance services. The Company adopts an agency system and supplies mainly through the general distribution channels of dealers affiliated with special agents. Main products are cranes, pillow hook devices, balancers, chain products, manual chain blocks, lever blocks, manual trolleys and other manual products, as well as electric chain blocks, electric trolleys, rope hoists and other electric products.

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