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Financial Results Briefing for 1Q
Year Ending March 2021The 97th period:Cumulative First Quarter
(Apr. 1st, 2020-Jun. 30th, 2020)
July 29, 2020
1/13
Future forecasts, including this document, were judged according to the current information. Actual financial results might be considerably different from the forecast mentioned here depending on the Japanese or international economic situation, business trends related to our company, and any risk or indefinite factors involved in fluctuation of exchange rates.
Caution in handling this document
2-1 第2Q 連結業績2
1-1 1Q Consolidated ResultsDue to the Impact of COVID-19, Sales Decreased and Each Profit is in the Red
2/13
(million yen %)
Gain&Loss %Change
Sales 42,924 23,838 △19,086 △44.5%Decreased for the
first time in 4 terms
2,891 △2,249
6.7% △9.4%
2,964 △1,784
6.9% △7.5%
2,113 △1,299
4.9% △5.5%
Sales
Quarterly Net
Income
(△:Loss)
△3,413 -Red
(Decreased for the
first time in 4 terms)
Red
(Decreased for the
first time in 3 terms)
Ordinary
Income
(△:Loss)
△4,749 -Red
(Decreased for the
first time in 4 terms)
the Last 1Q 1QYear-on-year rate
Operating
Income
(△:Loss)
△5,140 -
429
238
0
100
200
300
400
500
2019/1Q 2020/1Q
Sales100 million yen
28.9
△22.4
-30
-20
-10
0
10
20
30
2019/1Q 2020/1Q
Operating Income100 million yen
+7
△59
△1△1 △1
+4
(100 million yen)
△22.4
28.9
2020/1Q2019/1Q
【Operating Income】
2019/1Q 2020/1Q
429
238
△184
△4 △1△1
(100 million yen)
【Sales】
△1
Sale
svolu
me d
ecreased
Exch
an
ge
con
vers
ion
Sellin
g p
rice
Exch
an
ge lo
ss
Offic
ial q
uota
tion
of s
teel
Sale
svolu
me d
ecre
ased
Sellin
g p
rice
Dep
recia
tion
(excep
t die
s)
increased
Exch
an
ge lo
ss
Cost re
du
ctio
n
Cost im
pro
vem
en
t
1-2 1Q Causes of Fluctuation in Sales & Income
≪FY2020 1Q vs FY2019 1Q≫Operating Income▲5.1billion yen
≪FY2020 1Q vs FY2019 1Q≫Sales▲19billion yen
Due to COVID-19, Sales Volume Decreased Significantly
Average exchange rate・2019/1Q 110.7yen・2020/1Q 108.0yen
3/13
12.1
△21.1
16.8
△1.3
28.9
△22.4-30
-20
-10
0
10
20
30
19/1Q 20/1Q
297
157
131
80
429
238
0
100
200
300
400
500
19/1Q 20/1Q
(100 million yen)(100 million yen)
1-3 1Q Consolidated Business Segments
Stamping/Molding and Valve Business :Sales Decreased and Profit is in the Red
Sales Operating Income
Valve
Stamping& Molding
4/13
Stamping& Molding
Valve
16.6
△12.6
7.5
△9.6
2.3
△1.1
28.9
△22.4-30
-20
-10
0
10
20
30
19/1Q 20/1Q
197
122
167
74
64
40
429
238
0
100
200
300
400
500
19/1Q 20/1Q
(100 million yen )(100 million yen)
1-4 1Q Consolidated Regional Segment
Sales Decreased and Profit is in the Red in Japan, Europe, America, and Asia
Asia
Europe & America
Japan
Sales Operating Income
5/13
Asia
Europe & America
Japan
2-1 First half/Full FY Consolidated Financial Forecast
The Business will be in Deficit for the First Half, but Expected to be in the Black for the Full Year
6/13
1,036 1,177 1,450 1,659 1,350
-3.0%
13.6%
23.2%
14.4%
-18.7%
-40%-30%
-20%-10%0%10%
20%30%40%
0
500
1,000
1,500
2,000
'16 17 '18 '19 '20
≪Salees & Sales Growth Rate≫
Sales Sales Growth Rate
100 million yen
86.6 80.6 103.0 105.1 20.0
8.4%6.8% 7.1% 6.3%
1.5%
-10%
-5%
0%
5%
10%
15%
0
20
40
60
80
100
120
'16 17 '18 '19 '20
≪Operating Income & Operating Income Ratio≫
Operating Income Operating Income Ratio
100 million yen
(Forecast)(Forecast)
(million yen, %)
Gain&Loss %Change Gain&Loss %Change
Sales 82,765 165,969 58,500 △24,265 △29.3% 135,000 △30,969 △18.7%
Operating Income 4,683 10,511 △1,600 △6,283 - 2,000 △8,511 △81.0%
Ordinary Income 4,935 11,130 △1,000 △5,935 - 3,000 △8,130 △73.0%
※1 Current Net
Income3,473 7,256 △1,000 △4,473 - 2,000 △5,256 △72.4%
Operating Profit
Margin5.7% 6.3% △2.7% △8.4% 1.5% △4.8%
ROE 7.2% 7.5% △2.1% △9.3% 2.0% △5.5%
ROA(Operating Income Base)
4.6% 5.2% △1.6% △6.2% 1.0% △4.2%
Net Assts per
Share1,603 1,614 1,582 △20 △1.3% 1,622 8 0.5%
※ 1.It is the abbreviation of the official name: Net Income attributable to parent companay shareholders.
2019 2020
1H Results FY Results 1H ForecastYoY Rate
FY ForecastYoY Rate
(yen)
Record
High
Record
High
Record
High
Record
High
+15
△13
△4△10
△97
+25
(100 million yen )105
20
FY2020(Forecast)FY2019
【Operating Income】
FY2019 FY2020(Forecast)
1,659
1,350△4△10
+6
△280
(100 million yen)【Sales】
△22
△1
Sale
svolu
me d
ecre
ased
Exch
an
ge
con
versio
n
Sellin
g p
ric
e
Exch
an
ge lo
ss
Offic
ial q
uo
tatio
n
of s
teel
Sale
svolu
me d
ecre
ased
Dep
recia
tion
(ex
cep
t die
s)
incre
ased
Sellin
g p
ric
e
Exch
an
ge lo
ss
Mate
rial p
rice
Cost im
provem
en
t
Cost r
ed
uctio
n
2-2 Full FY Causes of Fluctuation in Consolidated Sales & Income
≪2020 vs 2019≫Operating Income▲8.5 billion yen
≪2020 vs 2019≫Sales ▲30.9 billion yen
Sales Volume Decreased Significantly, But Effort to Kaizen Makes it Profitable
Average exchange rate・2019 109.2 yen・2020 105.8 yen
7/13
38.7
5.0
65.7
14.5
105.1
20.0
0
20
40
60
80
100
120
19年度 20年度
1,138951
518
396
1,659
1,350
0
500
1,000
1,500
2,000
19年度 20年度
(100 billion yen)
(100 billion yen )
2-3 Full FY Consolidated Business Segments
Sales and Profit Decreased but Expected to be in the Black in Both Business Segments
Sales Operating Income
Valve
Stamping& Molding
8/13
(Forecast)(Forecast)FY2019 FY2020 FY2019 FY2020
53.0
11.0
22.1
△5.0
23.5
10.0
105.1
20.0
-20
0
20
40
60
80
100
120
19年度 20年度
777639
589
447
292
264
1,659
1,350
0
500
1,000
1,500
2,000
19年度 20年度
(100 million yen) (100 million yen)
2-4 Full FY Consolidated Regional Segment
Sales and Profit are Expected to Decrease In Japan, Europe, America, and Asia
Asia
Europe& America
Japan
Sales Operating Income
9/13
(Forecast) (Forecast)
FY2019 FY2019FY2020 FY2019 FY2020
89.9 113.1 112.4
163.8
90.0
45.2
61.3 59.4
49.3
78.0
31.0
33.8 47.8
21.3
22.0 166.3
208.3219.7
234.5
190.0
0
50
100
150
200
250
'16 '17 '18 '19 '20
≪Depreciation≫≪Capital Investment≫(100 million yen) (100 million yen)
Japan
Europe & America
Asia
2-5 Consolidated Capital Investment/Depreciation Cost
Capital Investment to be Selected Carefully
(Forecast) (Forecast)
10/13
52.2 61.8
77.1 83.7 85.7
9.6
13.1
25.9
33.4 41.0
22.2
24.1
23.9
24.723.6
84.1
99.1
127.0
141.9150.3
0
20
40
60
80
100
120
140
160
'16 '17 '18 '19 '20
2-6 Consolidated Cash Flow
Strengthen Our Fund Management Across the Whole Group
11/13
2-7 Returns for Stockholders
■Annual DividendFY2020 Plan Annual:20yen(Mid-term:10yen Term end:10yen)
Annual Dividend is Planned to be 20 yen
12/13
2-8 What We Tackle Going Forward
Growth to the Next, Learning from COVID-19 Pandemic
13/13
■Lessons from COVID-19・Follow production fluctuations of customers and maintain production system
・Promote work style reforms and innovate how to do our jobs
・Accelerate and prioritize our jobs
■Initiatives for Future Growth
・Expand existing businesses and promoting sales by taking
advantage of our core technologies
・Accelerate developing new technologies, new materials, and new methods
・Sustainability management(promoting SDGs)