DMG Mori : Results of IR Announcement for the first quarter of FY2023
May 10, 2023 at 11:47 am IST
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DMG MORI CO., LTD.
FY2023 First Quarter (Jan-Mar) Results
IR Announcement
May 10, 2023
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Contents
1.FY 2023 1Q (Jan-Mar) Financial Summary
2.Business Environment
3.Forecast for Full-year 2023
4.Global Marketing
5.MX (Machining Transformation)
6.ESG / CSR Initiatives
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FY2023 1Q (Jan-Mar) Financial Summary
Successful start in 1st quarter 2023 towards achieving Medium-term Business Plan 2025
1st quarter consolidated order intake: JPY 145.3 bn. (-3.2% vs. peak in FY 2022 1Q: JPY 150.1 bn.)
Machine tool average order price per unit increased to JPY 56.1 mil. (FY 2022 average: JPY 49.8 mil.) driven by MX (Process Integration, Automation, DX, GX)
Machine order backlog climbed to JPY 269 bn. (end of FY 2022: JPY 254 bn.）
(JPY bn.)
FY2019
FY2020
FY2021
FY2022
FY2023
YoY
1Q
1Q
1Q
1Q
1Q
%
（ ）
Consolidated order intake
119.1
78.3
101.4
150.1
145.3
-3.2
Order backlog
209.0
137.0
124.0
203.0
269.0
Sales revenue
120.6
87.3
81.1
107.3
123.2
+14.9
Operating profit
10.4
3.3
4.0
9.5
9.7
+2.1
Operating profit margin
8.6%
3.8%
4.9%
8.8%
7.9%
Net Profit
6.2
0.1
1.8
6.3
6.3
+0.4
Depreciation & amortization including leasing
5.5
5.9
5.5
5.6
6.2
Capital expenditure
3.1
3.1
4.4
10.2
11.1
USD/JPY
110.2
108.9
105.9
116.2
132.4
EUR/JPY
125.2
120.1
127.7
130.4
142.1
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Quarterly Financial Results
Operating profit improved y-o-y despite increase in salary (Japan-based employees in July 2022, annualized salary +24%)
・ Operating profit margin: over 10% planned for 3Q and 4Q
（JPY bn.）
7.7%
3.3%
5.8%
8.7%
10%
（JPY bn.）
Full-year OP margin
10.2%（plan）
200
8.6%
8.8%
20.0
8.1%
7.8%
7.9%
7.9%
6.4%
6.8%
7.4%
6.5%
175
4.9%
5.2%
17.5
Quarterly OP margin
3.8%
4.8%
4.7%
150
Sales
OP
136.4
-1.3%
141.714.5
15.0
(left-scale)(right-scale)
125
120.6
118.1
121.7
114.8
123.2
12.5
110.7
110.9
107.3
10.4
9.6
97.1
96.0
9.5
9.7
100
8.8
87.3
93.9
9.1
10.0
8.6
8.2
80.0
81.1
75
67.1
6.2
6.5
6.3
7.5
50
3.3
3.8
4.4
4.0
5.0
25
2.5
0
0.0
-25
-0.8
-2.5
2019.
2Q
3Q
4Q
2020.
2Q
3Q
4Q
2021.
2Q
3Q
4Q
2022.
2Q.
3Q.
4Q.
2023.
1Q
1Q
1Q
1Q
1Q
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Operating Profit Bridge
FY 2022 1Q vs FY 2023 1Q
Higher gross profit driven by lower discount rate due to Machining Transformation (MX).
Higher sales price offset material cost increase
(JPY.bn)
FY2022.1Q
FY2023.1Q
Changes
Sales revenue
107.3
123.2
+16.0
Exchange rate : USD/JPY
FY2022.1Q
FY2023.1Q
116.2
132.4
EUR/JPY
130.4
142.1
(JPY bn.)
Positive factors +6.9
Negative factors -6.7
Cost
Employee
Foreign
Structure
Sales
Improvement
SalaryRevision
Currency
+1.0
Gross profit
increase
+1.5
-4.6 Logistics
improvement
+1.4
+3.0
Dep. & Amort.
-2.1
9.5
9.7
0
FY2022.1Q
FY2023.1Q
Actual
Actual
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DMG Mori Co. Ltd. published this content on 10 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2023 06:16:10 UTC.
DMG MORI CO., LTD., formerly DMG MORI SEIKI CO., LTD., is engaged in the manufacture and sale of machine tools. The Company provides machining centers, numerical control lathes, grinding machines, measurement equipment, software and hardware, auto parts, mold parts, as well as machining products. The Company is also engaged in the insurance agency, finance and leasing businesses.
DMG MORI CO., LTD. 
