Financial Results Briefing for 1Q Year Ending March …...Financial Results Briefing for 1Q Year Ending March 2021 The 97th period：Cumulative First Quarter （Apr. 1st, 2020-Jun.

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）