Tsubaki Nakashima : 1Q FY2023 Results Presentatio

1Q FY2023 Results Presentation

May 12, 2023

Tsubaki Nakashima Co., Ltd.

（Prime Market of TSE 6464）

Highlights for 1Q FY2023

While sales increased YoY mainly due to the impact of foreign exchange rates, profit growth was sluggish

Sales

Profits

Dividend

• While sales growth was sluggish due to the slowdown in the auto industry, sales increased YoY to ¥19.7 billion owing to the impact of higher energy and raw material prices, which were passed on to selling prices, as well as the impact of foreign exchange rates. Excluding FX impact ▲1.5% YoY
• Combined Sales for the growth strategies also increased YoY to ¥3.8 billion
• While cost improvement was effective, operating profits were limited to ¥1.5 billion to sluggish sales growth excluding FX impact
  （Progress remains at 17% of guidance in February)
• Annual dividend ¥48/share as per guidance. Interim dividend has not been decided yet at this time.

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Sales by Quarter

Sales of Precision Components increased by 7.6% YoY, decreased by 3.1% QoQ Sales of Linear Other decreased by 19.0% YoY, 24.0% QoQ

						19,631	20,151 20,627
				17,846		18,627
			16,892	16,727			19,285
				18,214 18,806
				16,461
		15,281
14,226			16,455		17,367
12,725	15,814
15,157 15,417
13,192	9,792	14,288
		11,810			Total

19,702

18,682

(¥million)

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
1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q
FY2020				FY2021				FY2022				FY2023

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(¥million)

Operating profit by Quarter

OP of Precision Components: Increased 3.4% YoY to ¥1,554 million due to the elimination of impairment losses

OP of Linear Other: Operating loss despite the elimination of impairment losses

991					1,491	1,792
		795
	335
984					1,670
7	337		781	14	1,328	122
		-2	163

1,833 1,754

1,654

1,514

179 240

437	1,525
	1,503	143
298	22
139	-316

1,310	1,509	1,554
	1,234
-17376		-45
-3,849

Total

Precision・Component

Linear Other

-7,878

-11,727

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

2Q

3Q

4Q

1Q

FY2020

FY2021

FY2022

FY2023

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1Q FY2023 Consolidated results (YoY)

Sales decreased by 1.5% and OP decreased by 4.5%(excluding FX impact)

					(¥million)
	FY2022		FY2023
	１Q		1Q
	Actual	Actual	FX impact	※１	Inc/dec％	※１
	Inc/dec
Sales	18,627	19,702	1,363	▲ 288	▲ 1.5%
Operating profit	1,525	1,509	53	▲ 69	▲ 4.5%
OP%	8.2%	7.7%	─	─		─
EBITDA	2,406	2,268	95	▲ 233	▲ 9.7%
EBIT	1,438	1,229	53	▲ 262	▲ 18.2%
Net profit	1,045	655	23	▲ 413	▲ 39.5%
			※１"Inc/dec" and "Inc/dec%" exclude "FX impact""

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