Tsubaki Nakashima : 1H FY2023 Results Presentatio

1H FY2023 Results Presentation

August 9, 2023

Tsubaki Nakashima Co., Ltd.

（Prime Market of TSE 6464）

Summary for 1H FY2023

Sales

Profits

Dividend

• Sales: Increased YoY, but ▲2.3% in real terms excluding FX impact
• Growth strategy: Ceramic balls sales increased YoY and QoQ, while medical devices and sales expansion in Asia fell short of plan
• Sluggish growth due to sales decline
• While the impact of previous year's roller business restructuring expenses
  (¥2.3 billion) in the Netherlands were eliminated, ¥1.2 billion was recorded in Q2 as expenses associated with the closure of the stamping parts plant and the impact of deteriorating earnings due to lower demand
• Annual dividend is in line with revised guidance of June 16
• Interim dividend ¥13/share, planned year-end dividend ¥17/share. Planned annual dividend ¥30/share

Copyright © 2023 Tsubaki Nakashima Co, Ltd. All rights reserved.	1

Sales by Quarter

Sales of Precision Components increased by 2.6% YoY, flat QoQ

Sales of Linear Other decreased by 16.7% YoY, increased by 15.7% QoQ

			16,892	17,846	16,727
				16,461
		15,281
14,226			16,455
12,725	15,814	15,157 15,417
13,192	9,792	14,288
		11,810			Total

19,631 20,151 20,627 19,702 19,863

(¥million)

18,627

18,214	18,806 19,285	18,682 18,683
17,367

9,039		Precision・Component (Precision balls, rollers, stamped metals businesses)

Linear Other

1,034	753	915	993	1,078	1,391	1,304	1,310	1,260	1,417	1,345	1,342	1,020	1,180
1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q
FY2020				FY2021				FY2022				FY2023

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Operating profit by Quarter

OP of Precision Components: Including impact of stamping parts plant closure ▲¥1.2 billion (2Q)

OP of Linear Other: Turn profitable in 2Q. OP in 1H was ¥80 million

(¥million)

991	335
984
7	337
-2

	1,491		1,792	1,833	1,754	437	1,525
795
				1,654
	781		1,670	1,514		1,503
14 1,328			122	179	240	298	22
163		139

	1,310		1,509	387
143		1,234	1,554
			262
	-173		-45
		125
-316	76	-3,849

Total

Precision・Component

Linear Other

-7,878

-11,727

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

FY2020

FY2021

FY2022

FY2023

Copyright © 2023 Tsubaki Nakashima Co, Ltd. All rights reserved.	3

1H FY2023 Consolidated results (YoY)

Sales decreased by 2.3% and OP increased by 43.2%(excluding FX impact)

					(¥million)
	FY2022		FY2023
	１H		1H
	Actual	Actual	FX impact	Inc/dec※１	Inc/dec％※１
Sales	38,258	39,565	2,182	▲ 874	▲ 2.3%
Operating profit	1,352	1,896	▲ 39	583	43.2%
OP%	3.5%	4.8%	─	─	─
EBITDA	3,147	3,444	30	267	8.5%
PBT	1,542	1,821	▲ 47	326	21.1%
Net profit	399	911	▲ 58	570	142.9%
			※１"Inc/dec" and "Inc/dec%" exclude "FX impact""

Copyright © 2023 Tsubaki Nakashima Co, Ltd. All rights reserved.	4