Premier Market of the Nagoya Stock Exchange
Prime Market of the Tokyo Stock Exchange
Securities Code: 6134
Second Quarter for Fiscal Year Ending March 2024
Financial Results Explanatory Materials
November 2023
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Any redistribution or reproduction of part or all of this content without the expressed permission of FUJI CORPORATION is strictly prohibited.
Contents
1. Financial Summary
2. Financial Forecast for FY2024
Copyright © 2023 by FUJI CORPORATION. All rights reserved. | 2 |
1. Financial Summary
Copyright © 2023 by FUJI CORPORATION. All rights reserved. | 3 |
Q2 FY2024 Results
- Sales and profits declined due to weak global demand for capital investment.
(Millions of yen) | |||||
First half of | First half of | Compared to the | |||
same period last year | |||||
FY2023 | FY2024 | ||||
results | results | Amount | Ratio | ||
Orders | 87,722 | 56,067 | ▲31,655 | ▲36.1% | |
Net sales | 78,670 | 62,557 | ▲16,112 | ▲20.5% | |
Operating | 13,803 | 6,638 | ▲7,164 | ▲51.9% | |
profit | |||||
Ordinary | 15,992 | 7,815 | ▲8,177 | ▲51.1% | |
profit | |||||
Profit | 11,180 | 5,243 | ▲5,937 | ▲53.1% | |
attributable to | |||||
owners of parent |
160,000
120,000
80,000
40,000
0
160,000
120,000
80,000
40,000
0
163,473 | Orders | |
47,345 | 142,429 | |
27,800 | ||
36,663 | 26,906 | 56,067 |
33,644 | 45,310 | |
28,437 | ||
45,819 | 42,411 | |
27,630 | ||
FY2022 | FY2023 | FY2024 |
Net sales | ||
148,128 | 153,326 | |
38,773 | 37,865 | |
36,796 | 36,791 | 62,557 |
33,796 | 39,436 | |
29,503 | ||
38,761 | 39,233 | 33,054 |
FY2022 | FY2023 | FY2024 |
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
Copyright © 2023 by FUJI CORPORATION. All rights reserved.
4
Operating Income Increase/Decrease Analysis
- Profit decreased by 7,164 million yen due to the significant impact of continued high material costs and decreased sales volume, despite improvements in sales prices resulting from customer mix management.
Decrease in gross profit | SG&A expenses increase |
▲7,308 | +144 |
(Millions of yen)
Net sales | Net sales |
78,670 | 62,557 |
Copyright © 2023 by FUJI CORPORATION. All rights reserved. | 5 |
Balance Sheet Summary
(Millions of yen) | ||||||||
As of March 31, 2023 | As of September 30, 2023 | Comparison | Increase/decrease factors | |||||
Current assets | 176,750 | 169,181 | ▲7,569 | |||||
Cash and deposits | 59,784 | 57,684 | ▲2,100 | |||||
Notes and accounts receivable - trade | 42,089 | 38,725 | ▲3,364 | Due to collection of receivables and decrease of net sales | ||||
Inventories | 61,846 | 63,874 | +2,028 | |||||
Consumption taxes refund receivable | 7,429 | 2,907 | ▲4,522 | |||||
Non-current assets | 77,416 | 84,831 | +7,414 | |||||
Property, plant and equipment | 28,271 | 32,682 | +4,411 | Construction in progress +3,606 | ||||
Intangible assets | 24,269 | 23,522 | ▲747 | |||||
Goodwill | 10,570 | 10,017 | ▲553 | |||||
Investments and other assets | 24,875 | 28,625 | +3,750 | Investment securities +4,137 | ||||
Total assets | 254,167 | 254,012 | ▲155 | |||||
Current liabilities | 27,569 | 25,117 | ▲2,451 | |||||
Notes and accounts payable - trade | 9,084 | 6,462 | ▲2,621 | Decrease of orders for materials | ||||
Income taxes payable | 3,825 | 2,111 | ▲1,714 | |||||
Non-current liabilities | 1,493 | 1,930 | +437 | Deferred tax liabilities +407 | ||||
Net assets | 225,104 | 226,964 | +1,859 | |||||
Shareholders' equity | 209,873 | 205,783 | ▲4,090 | Share repurchase ▲5,485 | ||||
Accumulated other comprehensive income | 15,114 | 21,058 | +5,943 | Currency translation adjustment for yen devaluation +3,864 | ||||
Total liabilities and net assets | 254,167 | 254,012 | ▲155 | |||||
Equity ratio | 88.5% | 89.3% | - | |||||
Copyright © 2023 by FUJI CORPORATION. All rights reserved. | 6 |
Robotic Solutions Division
Day-to-day electronic products including cars, home electronics, and communication devices. An essential part of manufacturing these items is SMT pick and place machines that place electronic components on printed circuit boards.
DB Series
Copyright © 2023 by FUJI CORPORATION. All rights reserved. | 7 |
Robotic Solutions Division Results
- A global slump in demand for electronics has led to soft capital investment, mainly in China and other Asian countries.
(Millions of yen) | |||||||
First half of | First half of | Compared to the | |||||
same period last year | 160,000 | ||||||
FY2023 | FY2024 | 120,000 | |||||
results | results | Amount | Ratio | 80,000 | |||
40,000 | |||||||
Orders | 79,743 | 49,807 | ▲29,936 | ▲37.5% | 0 | ||
Net sales | 71,508 | 56,516 | ▲14,992 | ▲21.0% | 160,000 | ||
Operating | 15,885 | 9,103 | ▲6,782 | ▲42.7% | 120,000 | ||
80,000 | |||||||
profit | |||||||
40,000 | |||||||
Order | |||||||
65,533 | 38,418 | ▲27,114 | ▲41.4% | 0 | |||
backlogs | |||||||
Copyright © 2023 by FUJI CORPORATION. All rights reserved.
Orders | ||
149,860 | 127,708 | |
43,475 | ||
24,967 | ||
33,540 | 22,997 | 49,807 |
29,796 | 41,558 | |
24,278 | ||
43,048 | 38,185 | |
25,528 | ||
FY2022 | FY2023 | FY2024 |
Net sales
136,863 | 139,879 | |
35,613 | 34,458 | |
33,357 | 33,912 | 56,516 |
31,006 | 35,334 | |
26,041 | ||
36,885 | 36,174 | |
30,474 | ||
FY2022 | FY2023 | FY2024 |
Q4
Q3
Q2
Q1
Q4
Q3
Q2
Q1
8
Robotic Solutions Division Net Sales by Region
- Europe and Japan: Secured demand for a certain amount of volume
- China and Rest of Asia: Noticeably sluggish demand
(Billions of yen) | ||||||||
40.0 | ||||||||
36.2 | 35.3 | 34.5 | ||||||
2% | 2% | 33.9 | ||||||
2% | ||||||||
12% | 2% | 30.5 | ||||||
8% | ||||||||
30.0 | 6% | 6% | 14% | 16% | 3% | |||
26.0 | ||||||||
15% | 9% | 7% | 8% | 17% | ||||
1% | ||||||||
9% | 4% | |||||||
20% | 19% | |||||||
27% | ||||||||
20.0 | 12% | 4% | ||||||
31% | 28% | 22% | 11% | |||||
25% | ||||||||
26% | ||||||||
10.0 | ||||||||
43% | 33% | 34% | ||||||
31% | 20% | 31% | ||||||
0.0 | 3% | 5% | 7% | 9% | 8% | 8% | ||
Q1 FY2023 Q2 FY2023 Q3 FY2023 Q4 FY2023 Q1 FY2024 Q2 FY2024
(Billions of yen) 80.0
71.5 | 68.4 | ||
2% | |||
2% | |||
10% | 56.5 | ||
60.0 | 6% | 15% | |
2% | |||
12% | 7% | ||
18% | |||
15% | |||
4% | |||
40.0 | 29% | ||
26% | 12% | ||
24% | |||
20.0 | |||
37% | 27% | 32% | |
0.0 | 4% | 8% | 8% |
H1 FY2023 H2 FY2023 H1 FY2024
Other
Europe
North America
(excl. U.S.)
U.S.
Rest of Asia
China
Japan
Half period
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9
Robotic Solutions Division Net Sales by Sector
- There is a lull in capital demand for telecommunication, computer, and server sectors.
- Semiconductor sector sales remained weak.
(Billions of yen) | |||||||||
40.0 | |||||||||
36.2 | 35.3 | 34.5 | |||||||
33.9 | |||||||||
16% | 16% | 30.5 | |||||||
30.0 | 24% | ||||||||
24% | 24% | 26.0 | |||||||
25% | 21% | 10% | |||||||
15% | |||||||||
15% | |||||||||
14% | |||||||||
20.0 | 15% | 23% | |||||||
21% | 20% | 27% | 16% | ||||||
8% | |||||||||
4% | |||||||||
7% | 7% | 8% | 5% | 28% | |||||
11% | |||||||||
10.0 | 4% | 7% | 7% | 11% | |||||
2% | 3% | ||||||||
7% | 10% | 5% | 5% | 7% | |||||
5% | 14% | ||||||||
10% | |||||||||
15% | 16% | 5% | 22% | 2% | 5% | ||||
11% | 13% | ||||||||
0.0 | 10% | ||||||||
(Billions of yen) 80.0
71.5 68.4
16% | 56.5 | ||
60.0 | 24% | ||
22% | 19% | ||
13% | |||
40.0 | 18% | 23% | 18% |
7% | 6% | 22% | |
6% | 4% | ||
20.0 | 9% | ||
7% | |||
12% | |||
8% | 5% | ||
2%6% | |||
8% | |||
0.0 | 16% | 12% | 17% |
Other
Semiconductor
Automotive
Consumer electronics
Industrial machines
Server
Computer
Telecommunications
Q1 FY2023 Q2 FY2023 Q3 FY2023 Q4 FY2023 Q1 FY2024 Q2 FY2024 | H1 FY2023 | H2 FY2023 | H1 FY2024 |
Half period
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Fuji Machine Mfg Co. Ltd. published this content on 02 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2023 06:42:45 UTC.