FY2023 Second Quarter Financial Results
October 30, 2023 MARUWA CO., LTD. (5344)
Disclaimer
This material is not aimed at recommending any investment.
There are forward-looking statements based on current assumptions. Actual results may differ by changes of the environment.
1.Overview
(Unit:Millions of YEN) | |||||
FY2023 First half(Apr. ~ Sep.) | Earnings forecast | FY2022 First half | |||
Increase/Decrease | (announced in April) | (Apr. to Sep.) | |||
from forecast | |||||
Net sales | 28,063 | +3.6% | 27,100 | 29,668 | |
Operating profit | 8,649 | △5.0% | 9,100 | 10,616 | |
Ordinary profit | 9,616 | ー | ー | 12,219 | |
Net profit | 6,777 | ー | ー | 8,604 | |
2023 MARUWA CO., LTD.
2.Quarterly Consolidated Operating Results
FY2021 | FY2022 | FY2023 | |||||||||
16,000 | 40.0% | ||||||||||
14,000 | |||||||||||
12,000 | 30.0% | ||||||||||
10,000 | |||||||||||
8,000 | 20.0% | ||||||||||
6,000 | |||||||||||
4,000 | 10.0% | ||||||||||
2,000 | |||||||||||
0 | FY2021 | FY2022 | FY2023 | 0.0% | |||||||
2Q | 3Q | 4Q | 2Q | 3Q | 4Q | 2Q | |||||
1Q | 1Q | 1Q | |||||||||
Net sales | |||||||||||
11,112 | 13,610 | 15,347 | 14,273 | 13,954 | 15,714 | 14,908 | 14,227 | 12,722 | 15,341 | ||
Operating profit | 3,182 | 4,744 | 5,434 | 4,854 | 4,749 | 5,866 | 5,423 | 4,102 | 3,530 | 5,118 | |
Operating profit % | 28.6% | 34.9% | 35.4% | 34.0% | 34.0% | 37.3% | 36.4% | 28.8% | 27.7% | 33.4% | (Unit:Millions of YEN) |
2023 MARUWA CO., LTD.
3.Sales Breakdown by Market
■Sales amount by market
(Unit:Millions of YEN) | ||
FY2023 First half | FY2022 | Quarter to |
Increase/Decrease | quarter ratio | |
First half | ||
from last year | 2Q/1Q | |
Telecommunication | 88.8 | △22.5% | 114.6 | +61.6% |
Automobile | 65.1 | +17.5% | 55.4 | △4.8% |
Semiconductor | 50.8 | +8.8% | 46.7 | +4.5% |
Industrial | 40.0 | △4.5% | 41.8 | +5.9% |
equipment | ||||
Lighting | 35.7 | △5.7% | 37.8 | +29.6% |
■ Composition ratio
12.8%
FY2022 14.1% 38.7% First half
15.7%18.7%
FY2023 | 12.7% | |
First half | 31.7% | |
Telecomunication | 14.3% | |
18.1% 23.2% | ||
Semiconductor | ||
Automobile |
Industrial equipment
Lighting
2023 MARUWA CO., LTD.
4.Inventory Value
【Inventory value】
12,000
(Unit:Millions of YEN)
10,000
8,000 | 2,267 | 2,452 | 2,503 |
6,000 | 2,905 | 3,014 | 3,084 |
4,000 | |||
2,000 | 3,767 | 4,259 | 4,450 |
0 | |||
As of March 31, 2023 | As of June 30, 2023 | As of Sep. 30, 2023 | |
Merchandise and finished products
Work in process
Raw materials and supplies
Continuing to secure raw materials strategically which are mainly for automobile and semiconductor-related businesses
Merchandise and finished products slightly increased due to the recovery of orders, especially in telecommunication business
2023 MARUWA CO., LTD.
5.Outlook for the Second Half (Market Trends and Company Trends)
Market | Environment |
・Although there seems to be a delay in the recovery of telecommunication | |
Telecommunication | market in China, orders obtained in our existing market are recovering |
moderately. | |
Automobile | ・Orders for EVs remained at a high level globally |
・The new facility for EVs is in progress to contribute to 3Q Sales. | |
Semiconductor | ・Although there is a delay in the full-scale recovery of the market, we |
expect to maintain stable earnings due to an abundant order backlog and a | |
certain level of order reception. | |
New | ・In the second half of the year, demand is expected to grow in new markets. |
2023 MARUWA CO., LTD.
6.FY2023 year-end forecast
(Unit:Millions of YEN) | ||||
FY2023 year-end forecast | FY2022 year-end | |||
Increase/Decrease | result | |||
from last FY | ||||
Net sales | 61,500 | +4.6% | 58,804 | |
Operating | 21,000 | +4.3% | 20,142 | |
profit | ||||
※Regarding "Ordinary income" and "Profit attributable to owners of parent", they are expected to fluctuate mainly due to foreign exchange factors. Therefore, we have omitted to describe forecasts due to the uncertainty of exchange rate trends at this time.
2023 MARUWA CO., LTD.
7.Progress of new plant and new buildings (1)
Plant | Market | Schedule |
Start of operation | ||
Seto | New | in 3Q |
plant | Mass production to | |
begin sequentially | ||
※As of May 1st in 2023, New Seto plant(Hatanaka-town,Seto-city)
is existed as "Seto plant" and old Seto plant name has been changed to Yamanota plant.
©FUMITO SUZUKI
2023 MARUWA CO., LTD.
7.Progress of new plant and new buildings (2)
Plant Market Schedule
Toki plant | EV | Mass production |
New building ① | starting from3Q | |
※The building on the right in the foreground of the photo is the new building ①.
2023 MARUWA CO., LTD.
7.Progress of new plant and new buildings (3)
Plant | Market | Schedule |
Miharu plant | SPE | FY2025 scheduled |
new building | to be in operation | |
Toki plant | EV | FY2025 scheduled |
New building ② | to be in operation | |
Miharu plant new building
※The above illustrations are just image for reference.
2023 MARUWA CO., LTD.
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Maruwa 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 04:48:10 UTC.