KYB : Meeting Materials for Second Quarters (2Qs) of FY2022
November 10, 2022 at 12:27 pm IST
Share
Meeting Materials for Second
Quarters (2Qs) of FY2022
November 9, 2022
KYB Corporation
(Stock Code: 7242; Prime Market of Tokyo Stock Exchange)
1
Summary
2Qs (1H) of FY2022 Performance Overview
Increase in Net Sales and Profits (Operating Profit ¥13.8 bn→¥14.8 bn）
Consolidated net sales increased approximately 13% due to significant yen depreciation.
Despite increase in fixed costs as a result of inflation, segment profits* remained flat due to profit improvement measures, operating profit increased by yen's depreciation.
*Segment profits correspond to operating profit in JGAAP.
FY2022 Forecast
Upward Adjustment to Initial Forecast (Operating Profit ¥26.5 bn→¥29.7 bn）
Net sales up approximately 8% from the initial forecast in light of foreign exchange market conditions.
Upward revised for the operating income and the following items to increase due to foreign exchange gains and gain on reversal of allowance.
Return to Shareholders
Revised interim dividend to ¥70, an increase of ¥10 from the initial forecast
Annual dividend forecast was also revised upward by ¥10 to ¥140 per share.
Initial forecast
Recent plan
Confirmed
Interim
¥60
¥70
(+¥10)
Planned
Year-end
¥60
¥70
(+¥10)
2
Planned
Annual
¥120
¥140
(+¥20)
2Qs (1H) of FY2022 Financial Summary
IFRS
Differences
(¥ Billion)
1H of
1H of
Previous
FY2021
FY2022
period
actual
actual
Net sales
185.9
209.9
24.0
Segment profits*
11.7
11.7
0.0
Operating profit
13.8
14.8
1.0
Profit attributable to
9.5
10.6
1.1
owners of the parent
FOREX (Average) (¥)
JPY/ US$
109.80
133.97
JPY/ EUR
130.89
138.72
*Segment profits correspond to operating profit in JGAAP.
3
2Qs (1H) of FY2022 Net Sales and Segment Profits
(¥ Billion)
AC
HC
Aircraft Components
Others
Total
Net Sales
1H of
1H of
FY2021
FY2022
Differences
actual
actual
113.5
135.7
22.3
65.5
67.0
1.5
1.9
2.5
0.6
5.0
4.6
(0.4)
185.9
209.9
24.0
Segment Profits
1H of
1H of
FY2021
FY2022
Differences
actual
actual
7.3
8.4
1.1
5.8
3.8
(1.9)
(1.9)
(0.7)
1.2
0.5
0.2
(0.3)
11.7
11.7
0.0
AC: Automotive Components
HC: Hydraulic Components
Others: Special-purpose vehicles, electronic components, etc.
4
2Qs (1H) of FY2022 (compared with previous periods)
(¥ Billion)
1H of FY2021
Foreign
AC
HC
Aircraft
Others
1H of FY2022
(actual)
exchange gain
Components
(actual)
(¥ Billion)
1H of FY2021
Foreign
Others
AC
HC
Aircraft
1H of FY2022
(actual)
exchange gain
Components
(actual)
5
AC: Automotive Components
HC: Hydraulic Components
Others: Special-purpose vehicles, electronic components, etc.
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Disclaimer
KYB Corporation published this content on 09 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2022 06:56:03 UTC.
KYB Corp is a Japan-based company mainly engaged in the manufacture and sale of hydraulic shock absorbers and hydraulic equipment, as well as the provision of services related to each business. The Company operates through three segments. The Automotive Components (AC) segment produces hydraulic equipment for automobiles, mainly hydraulic shock absorbers for automobiles and motorcycles, and power steering products. The Hydraulic Components (HC) segment produces industrial hydraulic equipment mainly for construction machinery, stage mechanisms, naval equipment, and vibration damping devices. The Aviation Equipment segment produces takeoff and landing gear, steering gear, and control equipment for aircraft. The Company also manufactures and sells concrete mixers, powder and granule transport vehicles, special function vehicles, and electronic equipment.
KYB CORPORATION 
