Mani : Financial Results FY2023 1Q

FY 2023 1Q	Product Segments	Financial Results	Company Overview	1
Financial Results

FY2023 1Q

Financial Results

January 12, 2023

MANI, INC.

THE BEST QUALITY IN THE WORLD, TO THE WORLD

FY 2023 1Q	Product Segments	Financial Results	Company Overview	2
Financial Results

Product Segments

Surgical

• Surgical instruments, such as ophthalmic knives and skin staplers

Ophthalmic knives

Skin staplers

Eyeless Needle ※Mainly OEM products

• Eyeless needles
• Eyed needles
• Surgical sutures
• Dental sutures

Eyeless needles

Eyed needles

Dental / GDF （*）

• Dental endodontic instruments
• Dental rotary and cutting instruments
• GDF products / Dental restoration materials

Dental endodontic	Dental rotary and	Dental restoration materials
instruments	cutting instruments
(Reamers/ Files)	(Dia-burs)

(*)GDF is the abbreviation for GDF Gesellschaft für dentale Forschung und Innovationen GmbH, a consolidated subsidiary in Germany that produces and sells dental restoration materials

FY 2023 1Q	Product Segments	Financial Results	Company Overview	3
Financial Results

FY2023 1Q Consolidated Financial Results

• Net sales have increased due to high product demands in Japan, Europe and Asia.
• Operating income increased slightly due to the following impacts:
• • Increase in manufacturing costs and cost of sales
  • Increase in SG&A expenses for enhancing personnel structure
• Ordinary income and net income have decreased due to decrease in foreign exchange profits.

	FY2022 1Q	FY2023 1Q		（¥ million）
	YoY	%
	Results	Results
Net sales	4,728	6,105	+1,376	+29.1%
Cost of sales	1,638	2,455	+817	+49.9%
(%)	(34.6%)	(40.2%)
SG&A expenses	1,376	1,901	+524	+38.1%
(%)	(29.1%)	(31.1%)
Operating income	1,713	1,748	+35	+2.1%
(%)	(36.2%)	(28.6%)
Ordinary income	1,911	1,736	-175	-9.2%
Net income	1,322	1,299	-23	-1.8%

FY 2023 1Q	Product Segments	Financial Results	Company Overview	4
Financial Results

FY2023 1Q Sales Status by Segments (Increase/decrease factors)

• Increase in sales +¥1,376 million (+29.1%)
• • Foreign exchange +¥539 million
  • All segments' sales have increased. The Eyeless Needle segment was especially strong.

		Eyeless
Foreign		Needle
Surgical	+ 548
Exchange
+ 219
	Sales in Asia,
+ 539	Demand
North America and
	towards	Europe increased
	ophthalmic
	due to increase in
	knives have
	product demand.
	increased in
	Japan and
	China.

Dental / GDF

• • 71
• Sales of reamer files and dia-burs have increased in Japan.
• Sales of dental restorative materials have increased in Europe.

(¥ million)

6,105

4,728

FY2022 1Q	Exchange rate	FY2023 1Q
Rate in FY2023 1Q : 1USD=¥144.26 1EUR=¥143.93 1CNY=¥20.22
Results	Results
Rate in FY2022 1Q : 1USD=¥112.48 1EUR=¥130.44 1CNY=¥17.52

FY 2023 1Q	Product Segments	Financial Results	Company Overview	5
Financial Results

FY2023 1Q Sales Status by Regions

• Strong product demand mainly in Asia (China and India) and Europe.

(¥ million)

Europe

Asia

2,858

2,045

		North
Japan
	America

	1,242
960
22/8 1Q	23/8 1Q

22/8 1Q

23/8 1Q

917	1,058
22/8 1Q	23/8 1Q

414		471
22/8 1Q	23/8 1Q

India		China

		Other
Other Asian		※Includes
countries		regions	South America,
		Russia,

Australia

227 338

22/8 1Q

23/8 1Q

1,350	1,782
22/8 1Q	23/8 1Q

468	738
22/8 1Q	23/8 1Q

390 474

22/8 1Q 23/8 1Q