Topy Industries : Financial Results of the First Quarter for FY2023

Financial Results of the First Quarter for FY2023

(April 1, 2023 - June 30, 2023)

TYO 7231

August 4, 2023

Financial Results of the First Quarter for FY2023

(compared to FY2022)

		Increase						Increase
Net sales			Operating profit
	in sales				in income
								(100 millions of yen)
				FY2022		FY2023		YoY
					1Q		1Q	Change	Increase/decrease (%)
Net sales				750		815	65	8.7%
Operating profit				(6)		16	21	-
Operating profit margin			(0.8)%		1.9%
Ordinary profit				4		24	20	557.5%
Profit attributable to				4		17	13	346.4%
owners of parent

Compared to same period of the past FY

Quarterly changes

			Net sales		Operating profit	(100 millions of yen)
1,000					50

					38	40
800						30
				21
		16	17	18 16	20
600	11 12
	6			10
400						0

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200

0

(5)(9)(6)	(9)(6)
(10)
(23) (19)

Apl.-Jun.

Jul.-Sep.

Oct.-Dec.

Jan.-Mar.

Apl.-Jun.

Jul.-Sep.

Oct.-Dec.

Jan.-Mar.

Apl.-Jun.

Jul.-Sep.

Oct.-Dec.

Jan.-Mar.

Apl.-Jun.

Jul.-Sep.

Oct.-Dec.

Jan.-Mar.

Apl.-Jun.

FY2019

FY2020

FY2021

FY2022

FY2023

* The Group has applied Accounting Standard for Revenue Recognition since FY2021

• 10
• 20
• 30

1

Results by segment (compared to FY2022)

											(100 millions of yen)
	FY2022		FY2023			YoY
		1Q			1Q		Change	Increase/decrease (%)
	Net sales		Operating		Net sales		Operating		Net sales	Operating	Net sales	Operating
		profit			profit		profit	profit
Steel	264		2		277		24		13	22	5.0%	1,195.5%
Segment
Automotive
and Industrial	439		6		494		9		54	3	12.4%	41.5%
Machinery
Components
Segment
Power	31		(6)		27		(8)		(4)	(2)	(13.8)%
Generation					-
Segment
Other	16		4		18		4		2	0	11.9%	10.7%
Business
Head office	-		(12)		-		(14)		-	(2)	-	-
Total	750		(6)		815		16		65	21	8.7%	-

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2

Factors for change in operating profit (compared to FY2022)

	Consolidated financial result	Factors for increase in profit	Factors for decrease in profit (100 millions of yen)
				＋5
			＋31				＋12
									＋3	16
					(15)	(2)		(12)
		(6)
		FY2022	Selling price	Direct costs	Energy	Foreign	Quantity &	Indirect costs	Cost	FY2023
		1Q			Sub materials	exchange	Variety mix		improvement	1Q
		Operating								Operating
		profit								profit

Steel Segment

＋25

＋0	＋0	＋1	24

1. (0)

＋10

2

FY2022	Direct costs	Foreign exchange	Indirect costs	FY2023
1Q				1Q
Operating profit				Operating profit

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Automotive and Industrial

Machinery Components Segment

		＋9		＋13
					＋2	9
6				(7)
		(11)	(1)	(2)
	FY2022	Direct costs		Foreign exchange	Indirect costs	FY2023
	1Q					1Q
Operating profit					Operating profit

3

Overview of business results by segment (1) Steel

Financial		Business
results		environment
Compared to same period of the past FY

Net sales

Operating profit

(100 millions of yen)

300					24	30
					25
250
				264	277	20
200
10					15
150	7				10
191
		151	2		5
100		152
				0
50						△ 5
			(5)
0					△ 10

FY2019 1Q

FY2020 1Q

FY2021 1Q

FY2022 1Q

FY2023 1Q

Quarterly changes

800		Net sales		Operating profit (100 millions of yen)
														40
600												27 31		24	30
												20
														20
		11 14
400	10		7
		6					5						10
				3	3			2
					0
200
													0
0								(5)	(3)(3)					△ 10
Apl.-Jun.	Jul.-Sep.Oct.-Dec.	Jan.-Mar.	Apl.-Jun.	Jul.-Sep.	Oct.-Dec.	Jan.-Mar.	Apl.-Jun.	Jul.-Sep.	Oct.-Dec.Jan.-Mar.	Apl.-Jun.	Jul.-Sep.Oct.-Dec.	Jan.-Mar.	Apl.-Jun.
		FY2019			FY2020			FY2021		FY2022	FY2023

* The Group has applied Accounting Standard for Revenue Recognition since FY2021	4
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