Financial Results
the Fiscal Year Ending March 31, 2024
16 May 2024
© 2024 MARUBUN CORPORATION
Agenda
- FY2023 Summary of Consolidated Financial Results
- FY2024 Summary of Consolidated Financial Forecasts
- Shareholder Returns
- FY2022-2024Medium-termBusiness Plan Initiatives
- About Marubun
© 2024 MARUBUN CORPORATION | 1 |
1. FY2023 Summary of Consolidated Financial Results
© 2024 MARUBUN CORPORATION
FY2023 Summary of Consolidated Financial Results
FY2022 | FY2023 | YoY | Compared | ▶ Net sales rose following an | ||||
to | improvement in performance, | |||||||
Composition | Forecast | Composition | Changes | |||||
(Millions of Yen) Actual | Actual | forecast | chiefly in the Electronic | |||||
Ratio | (10/31) | Ratio | ||||||
+10,319 | △3,510 | Devices Business. | ||||||
Net Sales | 226,171 | ー | 240,000 236,490 | ー | ▶ Operating income increased | |||
(+4.6%) | (△1.5%) | after higher gross profit in | ||||||
Gross Profit | 27,264 | 12.1% | 29,000 | 29,607 | 12.3% | +2,343 | +607 | yen terms due to the |
(+8.6%) | (+2.2%) | continuous depreciation of | ||||||
the yen in addition to the | ||||||||
SG&A | 16,267 | 7.2% | 16,500 | 16,623 | 7.0% | +356 | +123 | sales increase |
expenses | (+2.2%) | (△0.7%) | ▶ Ordinary income and profit | |||||
Operating | 10,997 | 4.9% | 12,500 | 12,984 | 5.5% | +1,987 | +484 | increased despite the posting |
of foreign exchange losses of | ||||||||
income | (+18.1%) | (+3.9%) | ||||||
3.4 billion yen due to the | ||||||||
Ordinary | 7,909 | 3.5% | 5,000 | 5,627 | 2.4% | △2,282 | +627 | depreciation of the yen, |
which continued from the | ||||||||
income | (△28.9%) | (+12.5%) | ||||||
Profit | start of the fiscal year, and | |||||||
because of surge in interest | ||||||||
attribute to | 5,201 | 2.3% | 3,000 | 3,401 | 1.4% | △1,800 | +401 | expenses of 1.8 billion yen |
owners of | (△34.6%) | (+13.4%) | associated with the rise in | |||||
parent | U.S. dollar interest rates. |
© 2024 MARUBUN CORPORATION | 3 |
FY2023 Performance Summary by Business
- Electronic Devices Business
(Millions of Yen) | FY2022 | FY2023 | YoY Changes | ▶ Increased demand for | |||
Net sales | 168,872 | 179,011 | +10,139 | semiconductors for | |||
(+6.0%) | consumer equipment. | ||||||
- Electronic Systems Business
(Millions of Yen) | FY2022 | FY2023 | YoY Changes | ▶ Increased demand for | |||
diagnostic imaging | |||||||
Net sales | 54,494 | 54,941 | +447 | ||||
(+0.8%) | equipment | ||||||
- Electronic Solutions Business
(Millions of Yen) | FY2022 | FY2023 | YoY Changes | ▶ Decrease in parts for | |||
telecommunication | |||||||
Net sales | 2,805 | 2,536 | △269 | ||||
(△9.6%) | infrastructure | ||||||
© 2024 MARUBUN CORPORATION | 4 |
FY2023 Electronic Devices Business
Net Sales Breakdown by Product Category
(Millions of Yen)
168,872
42,309
10,749
49,840
7,740
7,341
50,890
179,011
33,840
16,085
55,169
7,073
6,915
59,928
Reasons for changes
Electronic Components(△8,469)
- Decrease in industrial equipment and communication equipment
Custom IC(+5,336)
- Increase in consumer equipment
Special-Use IC(+5,329)
- Increase in consumer equipment
Micro-Processor(△667)
- Same level as previous year
Memory IC(△426)
- Same level as previous year
Analog IC(+10,972)
- Increase in automobiles、PC and computer peripherals
FY2022FY2023
© 2024 MARUBUN CORPORATION | 5 |
FY2023 Electronic Devices Business Market Trend by Application
4% | 4% |
12% | 11% |
21% | 20% |
21% | 22% |
44% | ||||
42% | ||||
FY2022FY2023
Reasons for Changes
Communication Equipment (±0pt)
- Same level as previous year
Computer & Office Equipment (△1pt)
- Same level as previous year
Industrial Equipment & Other(△1pt)
- Same level as previous year
Automobile(+0pt)
- Same level as previous year
Consumer Equipment(+2pt)
- Increase for entertainment products
© 2024 MARUBUN CORPORATION | 6 |
FY2023 Electronic Systems Business Net Sales Breakdown by Product
(Millions of Yen)
54,49454,941
21,035 | 22,999 |
6,745 | 6,263 |
21,098 | 20,565 |
5,613 | 5,114 |
FY2022 | FY2023 |
Reasons for changes
Medical Equipment(+1,964)
- Increase in diagnostic imaging equipment and radiation therapy equipment
Laser Equipment(△482)
- Decrease in light source components and laser material processing system
Industrial Equipment(△533)
- Decrease in electronic components assembly, inspection and analysis equipment
Space & Defense Electronics (△499)
- Decrease in electronic materials
© 2024 MARUBUN CORPORATION | 7 |
FY2023 Electronic Solutions Business Net Sales Breakdown by Product
(Millions of Yen)
2,805
1632,536
Reasons for changes
2,642
116
2,420
AI・Robotics(△47)
- Same level as previous year
ICT Solution(△222)
- Decrease in optical communication products
FY2022FY2023
© 2024 MARUBUN CORPORATION | 8 |
FY2023 Summary of Balance Sheets
(Millions of Yen) | FY2022 | FY2023 | Changes Amount | ||
Total assets | 175,998 | 174,137 | △1,861 | ||
Current assets | 166,143 | 162,616 | △3,257 | ||
Cash and deposits | 21,253 | 23,823 | +2,570 | ||
Notes and accounts | 59,415 | 50,855 | △8,560 | ||
receivable - trade | |||||
Merchandise and | 54,558 | 51,316 | △3,242 | ||
finished goods | |||||
Accounts receivable - | 28,914 | 34,847 | △5,933 | ||
other | |||||
Noncurrent assets | 9,855 | 11,504 | +1,649 | ||
Total liabilities | 122,913 | 117,676 | △5,237 | ||
Current liabilities | 117,089 | 116,675 | △413 | ||
Notes and accounts | 28,005 | 28,243 | +238 | ||
payable - trade | |||||
Short-term | 69,423 | 59,507 | △9,916 | ||
borrowings | |||||
Accounts payable - | 14,738 | 19,027 | +4,289 | ||
other | |||||
Non-current liabilities | 5,824 | 1,018 | △4,806 | ||
Total net assets | 53,084 | 56,433 | +3,349 | ||
- The total assets decreased by 1.8 billion yen from the end of the previous fiscal year.
- As to assets, notes and accounts receivable - trade dropped 8.5 billion yen, merchandise 3.2 billion yen and accounts receivable - other 5.9 billion yen.
- Regarding liabilities, short-term borrowings decreased 9.9 billion yen while accounts payable - other increased 4.2 billion yen.
- With respect to net assets, retained earnings grew 1.1 billion yen and accumulated other comprehensive income increased 1.7 billion yen.
© 2024 MARUBUN CORPORATION | 9 |
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Marubun Corporation published this content on 28 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 May 2024 07:38:04 UTC.