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Tsubaki Nakashima : 1Q FY2023 Results Presentatio
1Q FY2023 Results Presentation
May 12, 2023
Tsubaki Nakashima Co., Ltd.
( Prime Market of TSE 6464)
Highlights for 1Q FY2023
While sales increased YoY mainly due to the impact of foreign exchange rates, profit growth was sluggish
While sales growth was sluggish due to the slowdown in the auto industry, sales increased YoY to ¥19.7 billion owing to the impact of higher energy and raw material prices, which were passed on to selling prices, as well as the impact of foreign exchange rates. Excluding FX impact ▲ 1.5% YoY
Combined Sales for the growth strategies also increased YoY to ¥3.8 billion
While cost improvement was effective, operating profits were limited to ¥1.5 billion to sluggish sales growth excluding FX impact
( Progress remains at 17% of guidance in February)
Annual dividend ¥48/share as per guidance. Interim dividend has not been decided yet at this time.
Copyright © 2023 Tsubaki Nakashima Co, Ltd. All rights reserved.
1
Sales by Quarter
Sales of Precision Components increased by 7.6% YoY, decreased by 3.1% QoQ Sales of Linear Other decreased by 19.0% YoY, 24.0% QoQ
19,631
20,151 20,627
17,846
18,627
16,892
16,727
19,285
18,214 18,806
16,461
15,281
14,226
16,455
17,367
12,725
15,814
15,157 15,417
13,192
9,792
14,288
11,810
Total
9,039
Precision ・ Component (Precision balls, rollers, stamped metals businesses)
Linear Other
1,034
753
915
993
1,078
1,391
1,304
1,310
1,260
1,417
1,345
1,342
1,020
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
FY2020
FY2021
FY2022
FY2023
Copyright © 2023 Tsubaki Nakashima Co, Ltd. All rights reserved.
2
(¥million)
Operating profit by Quarter
OP of Precision Components: Increased 3.4% YoY to ¥1,554 million due to the elimination of impairment losses
OP of Linear Other: Operating loss despite the elimination of impairment losses
991
1,491
1,792
795
335
984
1,670
7
337
781
14
1,328
122
-2
163
437
1,525
1,503
143
298
22
139
-316
1,310
1,509
1,554
1,234
-17376
-45
-3,849
Total
Precision・ Component
Linear Other
-7,878
-11,727
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
2Q
3Q
4Q
1Q
FY2020
FY2021
FY2022
FY2023
Copyright © 2023 Tsubaki Nakashima Co, Ltd. All rights reserved.
3
1Q FY2023 Consolidated results (YoY)
Sales decreased by 1.5% and OP decreased by 4.5%(excluding FX impact)
(¥million)
FY2022
FY2023
1Q
1Q
Actual
Actual
FX impact
※1
Inc/dec%
※1
Inc/dec
Sales
18,627
19,702
1,363
▲ 288
▲ 1.5%
Operating profit
1,525
1,509
53
▲ 69
▲ 4.5%
OP%
8.2%
7.7%
─
─
─
EBITDA
2,406
2,268
95
▲ 233
▲ 9.7%
EBIT
1,438
1,229
53
▲ 262
▲ 18.2%
Net profit
1,045
655
23
▲ 413
▲ 39.5%
※ 1" Inc/dec" and "Inc/dec%" exclude "FX impact""
Copyright © 2023 Tsubaki Nakashima Co, Ltd. All rights reserved.
4
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Tsubaki Nakashima Co. Ltd. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 12 May 2023 07:12:03 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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TSUBAKI NAKASHIMA CO., LTD. is a Japan-based company principally engaged in the manufacture and sale of precision balls, ball screws and air blowers. The Company operates through three segments. The Precision Component segment is engaged in the manufacture and sale of ball bearings, ceramic balls, cemented carbide balls, glass balls, plastic balls, carbon steel balls and other precision ball products, as well as rollers, retainers and sheet metal parts. The Linear segment is engaged in the manufacture and sale of precision ball screws, ball screws for high-load, precision miniature ball screws, caged precision ball screws, hollow shaft ball screws, precision rolled ball screws, general industrial ball screws and other ball screw products, as well as air blowers. The Others segment is engaged in the real estate leasing business.
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