Shimadzu Corporation (TSE Prime Market: Securities code 7701)

1st Half FY 2022 (Ending March 2023) Results & Financial Position

President and Representative Director, CEO

November 8, 2022

Yasunori Yamamoto

Overview of Financial Results

01 Overview of Financial Results

2

Copyright © Shimadzu Corporation. All Rights Reserved.

1st Half FY 2022 (Ending March 2023) Results & Financial Position

Summary of Results

• AMI: Analytical & Measuring Instruments, MED: Medical Systems, IM: Industrial Machinery, AE: Aircraft Equipment

• AMI key models (LC: Liquid chromatographs, MS: Mass spectrometer systems, GC: Gas chromatographs), TMP: Turbomolecular pumps

3

Copyright © Shimadzu Corporation. All Rights Reserved.

1st Half FY 2022 (Ending March 2023) Results & Financial Position

Statement of Income

Q2 (Jul.-Sep.) results recovered, and H1 results achieved a record high

Net Sales

Operating Income

Operating Margin

Profit Attributable to

Owners of Parent

YoY: +19.8 bn yen / +10%

YoY: +0.1 bn yen / +0%

YoY: -1.3pt

YoY: +4.0 bn yen / +20%

221.9 bn yen

28.9 bn yen

13.0%

24.5 bn yen

Sales and Operating Income

Sales

Operating Income

1st Half (Apr.-Sep.)

YoY

Units: Billions of yen

over 5 years

OPM

(bn yen)

250.0

40.0

FY2020

FY2021

FY2022

Changes

%

221.9

202.1

36.0

182.9

186.5

Net Sales

178.8

202.1

221.9

+19.8

+10%

200.0

178.8

28.8

28.9

32.0

28.0

Business

Operating Income

19.6

28.8

28.9

+0.1

+0%

150.0

24.0

Operating Margin

11.0%

14.3%

13.0%

-1.3pt

17.4

17.9

19.6

Results

14.3%

20.0

Ordinary Income

19.5

29.4

33.1

+3.8

+13%

100.0

13.0%

16.0

11.0%

12.0

Profit Attributable to Owners of Parent

13.9

20.5

24.5

+4.0

+20%

9.5%

9.6%

50.0

8.0

4.0

Exchange

Average Rate: USD (Yen)

106.97

109.85

134.02

+24.17

+22%

Rates

Average Rate: Euro (Yen)

121.33

130.93

138.78

+7.85

+6%

0.0

0.0

FY2018 FY2019

FY2020

FY2021

FY2022

R&D Expenses

7.1

7.5

8.7

+1.2

Depreciation

Exchange Rate Effect

CAPEX

5.9

6.3

12.1

+5.8

and

Net sales: 19.5 bn yen Operating income: 5.1 bn yen

Amortization

8.5 bn yen

Exchange rate effect on overseas

inventory acted negatively.

4

Copyright © Shimadzu Corporation. All Rights Reserved.

1st Half FY 2022 (Ending March 2023) Results & Financial Position

Analysis of Increase/Decrease in Operating Income (Apr.-Sep.)

・China lockdown impact cannot be fully resolved due to many installations required.

・Proactively promote growth investment such as R&D and human resource investment. ・Positive factors (improved productivity and price revision) surpassed negative factors (parts/materials price hike), and Gross Profit Margin improved.

(billions of yen)

Billions

H1

Q1

Q2

Remarks

・Unrealized gain on

of yen

+5.1

+1.9

+3.2

Exchange Rate Effect

overseas inventory also

increased.

Gross Profit

+0.1

-1.2

+1.3

28.9

Increase/Decrease due to

28.8

Increased/Decreased Sales

Sales

Gross

Profit Decrease by Lockdown

(-1.5)

(-2.1)

(+0.6)

・Recovering after July.

Exchange

Increase

R&D

(+1.6)

(+0.9)

(+0.7)

・MED and IM sales

Profit

Increases in Sales

Rate

China

Expense

Human

Margin

increased.

Lockdown

Increase

Growth Investment

-3.7

-2.6

-1.1

・Proactively promoted

ResourceImproved

R&D and Human

(-2.6)

Investment

Expense

Increase in Human Resource

(-2.0)

(-0.6)

Investment which were

Increase

Increase

Increase in R&D Expense

(-1.1)

(-0.6)

(-0.5)

curbed due to COVID-19

pandemic.

・Positive factors

(improved productivity and

Gross Profit Margin Improved

+0.7

-0.1

+0.8

price revision) surpassed

negative factors

(parts/materials price

hike).

Expense Increased

-2.1

-1.0

-1.1

・Logistics cost and

others increased.

5

Copyright © Shimadzu Corporation. All Rights Reserved.

1st Half FY 2022 (Ending March 2023) Results & Financial Position

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Shimadzu Corporation published this content on 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2022 08:53:05 UTC.