The Financial Statement Briefing For

the Year Ended March 31, 2024

May 09,2024

JPX Company Code:6467

https://www.nichidai.jp/

Table of Contents

  1. Introduction of Business
  2. FY24/3 Financial Results Overview
  3. FY25/3 Full Year Outlook
  4. Progress of Medium-term Management Strategy
  5. Dividends

NICHIDAI CORPORATION

2

1) Introduction of Business

Precision Die Business

Total support dies for the Production of high-precision automotive parts

MaterialPrecision

Precision Parts Business

Utilizing die know-how, mass production of precision forged parts and assembly turbocharger parts

Filter Business

Providing metal filters that can be used under severe conditions to various industries

forgings

Forging

High-precision・Resource-saving・High

strength

High quality・Automation・

Bipolar production

Stainless

Sintering

Filter

steel

furnace

High strength・Heat resistance・

Oxidization resistance

Automotive Precision Die

Production

Precision forged parts and assembly turbocharger parts

Multi-layer sintered filters

Automobile

Beverage

Aerospace

Health care

3

1) Introduction of Business

Precision Die Business

Precision Parts Business

Filter Business

Domestic

Ujitawara Factory

Nichidai(ND)

Ujitawara Factory

Kyotanabe Factory

Nichidai Filter(NFC)

Ujitawara Factory

Multi-layer

Precision Forging Dies

Forged Scroll

VG Turbocharger

The production base for

Parts

Precision Forging Dies.

Production of various

●The domestic

Approximately 30 development

forged products

production base

personnel

Main product is forged

of Turbocharger

scroll

parts.

sintered filters

Domestic development and Production bases

Owns 5 sintering furnaces

Over Seas

Nichidai Asia

(NDA

Nichidai(Thailand)(NDT)

  • An overseas subsidiary located near Bangkok, Thailand. Production base for both Precision Die business and Precision Parts Business

Thai Sintered Mesh

(TSM

Precision Die sales base in Thailand

Nichidai

USA

NUC

Precision Die Business

Product Precision Forging Dies

Precision Parts Business

Production and sales of forged scrolls

  • Production and sales of Turbocharger Parts

A production base for the Filter

Business located near Chiang Mai

in northern Thailand. The main

Precision Die sales base in Ohio,USA

NICHIDAI CORPORATION

product is filters for oil drilling.

There are 5 sintering furnaces.

4

1) Introduction of BusinessNDT becomes a wholly owned subsidiary

On March 25, 2024, NICHIDAI purchased all shares of NDT held by

MTA , making NDT a wholly owned subsidiary.

NDT:Nichidai(Thailand)LTD. MTA:Mitsubishi Turbocharger Asia Co.,Ltd.

Change in ownership of NDT shares

Before March 24, 2024

After March 25, 2024

NICHIDAI

MTA

NICHIDAI

75%

25%

100%

owned

owned

owned

NDT

NDT

We will build a system that allows us to expand sales channels and develop new businesses flexibly in both Precision Die Business and Precision Parts Business.

NICHIDAI (THAILAND) LTD. NDT

NICHIDAI CORPORATION

5

Table of Contents

  1. Introduction of Business
  2. FY24/3 Financial Results Overview
  3. FY25/3 Full Year Outlook
  4. Progress of Medium-term Management Strategy
  5. Dividends

NICHIDAI CORPORATION

6

2 FY24/3 Financial Results Overview (Plan modification)

  • The forecast was revised downward in October 2023 due to sluggish sales in the Precision Parts Business and a decline in overseas sales in the Filter Business.
  • In the second half of the year, the effects of cost control measures became apparent, and ordinary income became profitable.
  • The results for the fiscal year ending March 2024 will be the same as the earnings forecast announced on April 23, 2024.

Rounded down to the nearest million yen Unit: million yen

FY24/3 Plan

FY24/3 Revised plan

FY24/3

(May,2023)

(Oct,2023)

Result

Net Sales

11,900

11,200

11,323

Gross income from sales

2,465

1,930

2,180

S.G.&A expense

2,295

2,260

2,222

Operating income

170

▲330

▲42

Non-operating income

▲5

▲75

▲107

Ordinary income

175

▲255

64

Net income Attributable

115

▲300

44

to Owners of the Parent

Exchange

USD

130.0

140.0

147.88

Rate

THB

3.8

3.96

4.16

(Yen)

7

NICHIDAI CORPORATION

2FY24/3 Financial Results Overview ( Comparison with previous year )

  • As the parts supply shortage was resolved, automobile production recovered and our sales increased.

Unit: million yen Rounded down to the nearest million yen

FY23/3 Result

FY24/3 Result

Growth rate

Net Sales

10,847

11,323

4.4%

Gross income from sales

1,986

2,180

9.7%

S.G.&A expense

2,188

2,222

1.6%

Operating income

▲202

▲42

-

Non-operating income

▲136

▲107

-

Ordinary income

▲65

64

-

Net income Attributable to

▲484

44

-

Owners of the Parent

Exchange

USD

130.78

147.88

Rate

THB

3.73

4.16

(Yen)

NICHIDAI CORPORATION

8

2FY24/3 Financial Results OverviewQuarterly performance trends

SalesAlthough Precision Die Business and Precision Parts Business recovered steadily, Filter Business remained sluggish.

Ordinary income: Ordinary income increased due to the increase in sales and the effects of cost control measures.

Sales

Rounded down to the nearest million yen

Unit: million yen

Ordinary

income

3,500

350

2,934

2,846

3,050

3,000

2,664

2,749

300

2,645

2,603

2,677

543

659

2,500

539

574

250

593

613

640

639

2,000

950

978

1,111

200

879

791

1,034

870

896

1,500

150

140

1,000

100

500

1,172

1,093

1,323

1,154

1,245

1,175

1,293

1,397

50

44

0

6

10

0

18

31

51

50

88

100

23/3

23/3

23/3

23/3

24/3

24/3

24/3

24/3

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

Precision Dies

Precision Parts

Filter

Ordinary Income

NICHIDAI

CORPORATION

9

2FY24/3 Financial Results Overview (Precision Dies Business

Sales:(DomesticAs automobile production increases, demand for major users increases. Overseas Sales increased mainly due to large projects.

Ordinary income Profits were achieved due to the effects of various cost control measures.

Domestic and Overseas Sales Revenue

Regional breakdown of net sales in

and Ordinary Income Unit: million yen

the Precision Die Business

million yen

FY23/3

FY24/3

Growth

6,000

Results

Results

Rate

5,110

4,743

5,000

Domestic

3,171

3,397

7.1%

897

1,021

4,000

675

691

1,572

1,712

Overseas

8.9%

3,000

2,000

Total sales

4,743

5,110

7.7%

3,171

3,397

1,000

Ordinary

▲94

162

-

income

0

Ordinary

▲2.0%

3.2%

FY23/3

FY24/3

Income

-

Japan

Thailand

Other

Rate

10

Rounded down

to the nearest

million yen

NICHIDAI CORPORATION

Attachments

  • Original Link
  • Original Document
  • Permalink

Disclaimer

Nichidai Corporation published this content on 15 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2024 11:00:34 UTC.