Aida Engineering : Presentation of Consolidated Financial Results for the 3rd Quarter of the FY Ended March 31, 2023

Presentation of Consolidated Financial Results

for the 3rd Quarter of the FY Ended March 31, 2023

（from Apr. 2022 to Dec. 2022）

1

Highlights of Consolidated Results Summary of P&L

(JPY mil.)

Order Intake

Net Sales

Cost of Sales

Gross Profit

Selling, general and administrative expenses

Operating Income

Ordinary Income

Income Before Income Taxes

Net Income/Loss

Exchange Rate	1USD
1EUR

FY2022/3 3Q (9M)

60,697

44,102

36,402

7,699

17.5%

6,300

1,399

3.2%

1,525

1,397

859

¥111.10 ¥130.59

FY2023/3 3Q (9M)

65,929

48,135

40,238

7,897

16.4%

6,902

994

2.1%

1,152

1,294

774

¥136.51 ¥140.56

Fluctuation

Amount

%

5,231	8.6%
4,032	9.1%
3,835	10.5%
197	2.6%
	(△1.1P)
602	9.6%
△ 405	△29.0%
	(△1.2P)
△ 372	△24.4%
△ 103	△7.4%
△ 85	△9.9%
25.41	22.9%
9.97	7.6%

Orders and sales increased due to the growing demand for electric vehicles, but profits decreased due to lower gross margins.

Order Intake	The orders for 'high-speed presses' increased 8.6% year-on-year due to
increased capital investment in EV-related equipment.

Sales of presses for EVs remained steady. It increased by 9.1% year-on-year

Net Salespartly due to exchange rate effects (weaker yen), but were lower than expectated due to sales delays caused by the electronic components shortage.

Gross profit increased 2.6% year-on-year due to the above factors, but the

Gross Profit gross margin declined year-on-year due to higher raw material prices, increased outsourcing and logistics costs, as well as delays in the sale of high value added press and services.

Operating income dropped 29.0% year-on-year, due to the above-mentioned

Operating Income factor of lower gross margins, as well as an increase in SGA expenses (including the effect of a weaker yen).

Ordinary Income Ordinary income decreased 24.4% year-on-year due to the above factors.

Net income declined due to the above factors, but only by 9.9% year-on-year

Net Income because of gains on sales of cross-shareholdings, the dissipation of last year's special factors (e.g. operational losses due to impact of COVID-19, etc.), etc.

2

Trend of Sales, Gross Profit and Operating Income

JPY(million)	Net Sales		Gross Profit	Operating Income/Loss	Gross Profit ratio	Operating Income ratio
25,000							20%
20,000							15%
15,000							10%
10,000							5%
5,000							0%
0							-5%
	FY2022/3	2Q	3Q	4Q	FY2023/3	2Q	3Q
	1Q				1Q

JPY(million)		FY2022/3
1Q	2Q	3Q	4Q

			Net Sales	13,079	13,830	17,192	18,363
			Gross Profit	2,375	2,600	2,724	3,192
			Operating Income/Loss	270	528	601	1,105
			Gross Profit ratio	18.2%	18.8%	15.8%	17.4%
			Operating Income ratio	2.1%	3.8%	3.5%	6.0%

FY2023/3

	1Q	2Q	3Q
	13,665	18,498	15,970
	2,174	3,127	2,595
	△ 121	837	277
	15.9%	16.9%	16.2%
	△0.9%	4.5%	1.7%

3

Sales to Third Party (by Business/Customer/Geographic segment)

Sales by Business segment（Press related / Others）

(JPY mil.)	FY2022/3	FY2023/3	Fluctuation
3Q (9M)	3Q (9M)	Amount	%
Press Machines	31,260	70.9%	34,824	72.3%	3,564	11.4%
Services	9,999	22.7%	10,722	22.3%	723	7.2%
Others	2,843	6.4%	2,587	5.4%	△ 255	△ 9.0%
Total	44,102	100.0%	48,135	100.0%	4,032	9.1%
Press Machines	Services	Others

		898	1,313		1,010	786
		3,866		3,984
830	1,114	3,129	790
			3,862
3,104	3,764			2,876
9,144	8,951	13,163	13,183	9,998	13,503	11,322
FY2022/3	2Q	3Q	4Q	FY2023/3	2Q	3Q
1Q				1Q

Sales by Geographic segment

(JPY mil.)	FY2022/3		FY2023/3	Fluctuation
3Q (9M)		3Q (9M)	Amount	%
Japan	16,959	38.5%	16,476	34.2%	△ 482	△ 2.8%
China	6,384	14.5%		7,245	15.1%	861	13.5%
Asia	2,478	5.6%		4,312	9.0%	1,833	74.0%
Americas	9,491	21.5%	11,807	24.5%	2,315	24.4%
Europe	8,788	19.9%		8,293	17.2%	△ 495	△ 5.6%
Total	44,102	100.0%	48,135	100.0%	4,032	9.1%

Japan China Asia Americas Europe

		2,897	3,397		2,877	3,550
		4,146	1,865	4,495
3,004	2,886	3,654
1,731	3,855
2,856	2,980	1,323	1,696	3,456
553	601	2,477	2,113	1,387	3,330	1,193
1,806	2,100	6,838	7,009	1,712	6,064	2,202
4,859	5,261	5,243	5,168
FY2022/3	2Q	3Q	4Q	FY2023/3	2Q	3Q
1Q				1Q

Sales by Business segment of the Medium-Term Management Plan（Press / FA / Service）

	(JPY mil.)		FY2022/3	FY2023/3	Fluctuation
		3Q (9M)	3Q (9M)	Amount	%
Press Machines		27,031		61.3%	30,764	63.9%	3,733	13.8%
Factory Automation		4,679		10.6%	4,727	9.8%	48	1.0%
Services		12,392		28.1%	12,643	26.3%	250	2.0%
	Total		44,102		100.0%	48,135	100.0%	4,032	9.1%
	Press Machines		Factory Automation Services
				3,931	4,951		4,666	4,503
3,757	4,703	1,917	1,365	3,473	1,405
1,572
1,801	960				1,749
11,342	12,046		12,426
7,521	8,166	8,442	9,895
	FY2022/3		2Q		3Q	4Q	FY2023/3	2Q	3Q
	1Q						1Q

Sales (press machines)by Customer industry

(JPY mil.)	FY2022/3		FY2023/3	Fluctuation
3Q (9M)		3Q (9M)	Amount	%
Automotive relate	21,723	69.5%	23,721	68.1%	1,998	9.2%
Electric related	3,054	9.8%		2,486	7.1%	△ 567	△ 18.6%
Other industries	6,482	20.7%	8,616	24.7%	2,134	32.9%
Total	31,260	100.0%	34,824	100.0%	3,564	11.4%

Automotive related Electric related Other industries

		2,706	2,427		2,968
1,810		1,148	1,583	2,613	1,140	3,035
1,965				602
828	1,077	9,309	9,171	744	9,394
6,505	5,908	6,641	7,685
FY2022/3	2Q	3Q	4Q	FY2023/3	2Q	3Q
1Q				1Q

4

Sales / Operating Income (by Geographic segment)

Japan

China

Asia

(JPY mil.)	FY2022/3
3Q (9M)

Net Sales	26,866
Operating	259	1.0%
Income

FY2023/3 3Q (9M)

28,607

• 47 △ 0.2%

Fluctuation

Amount	%
1,741	6.5%
△ 307	-

(JPY mil.)	FY2022/3	FY2023/3	Fluctuation
3Q	(9M)	3Q (9M)	Amount	%
Net Sales	6,658	7,640		982	14.7%
Operating	506		7.6%	439		5.8%	△ 66	△13.1%
Income

(JPY mil.)	FY2022/3	FY2023/3	Fluctuation
3Q (9M)	3Q (9M)	Amount	%
Net Sales	4,879		7,686	2,807	57.5%
Operating	392		8.0%	551	7.2%	159	40.7%
Income

Net Sales

Operating Income

		10,650	11,322
				9,818	9,871
				8,917
7,958	8,257
	542
		174				240
89
△ 3			△ 97
			△ 190
FY2022/3	2Q	3Q	4Q	FY2023/3	2Q	3Q
1Q				1Q

Net Sales

Operating Income

					3,558
	2,178	2,564	2,192			2,309
1,915
		235	1,772	225
187	192		186
126
				28
FY2022/3	2Q	3Q	4Q	FY2023/3	2Q	3Q
1Q				1Q

Net Sales

Operating Income

					3,229
		2,495	2,766
			2,203		2,253
			353
1,231	1,151	237			243	211
66	88			95
FY2022/3	2Q	3Q	4Q	FY2023/3	2Q	3Q
1Q				1Q

Americas

(JPY mil.)

FY2022/3

FY2023/3

Fluctuation

3Q

(9M)

3Q (9M)

Amount

%

Net Sales

9,596

12,124

2,528

26.3%

Operating

108

1.1%

33

0.3%

△ 74

△68.9%

Income

Net Sales

Operating Income

			4,272		4,543
					3,927
		3,707		3,653
2,885	3,003
	105	46	160		147
△ 42					△ 15
			△ 98
FY2022/3	2Q	3Q	4Q	FY2023/3	2Q	3Q
1Q				1Q

Europe

(JPY mil.)

FY2022/3

FY2023/3

Fluctuation

3Q (9M)

3Q (9M)

Amount

%

Net Sales

9,041

8,619

△ 422

△4.7%

Operating

100

1.1%

161

1.9%

60

60.4%

Income

Net Sales

Operating Income

			3,616			3,627
3,027	3,069	2,945			2,959
				2,032
					89	73
45
30	24	10
	△ 1
FY2022/3	2Q	3Q	4Q	FY2023/3	2Q	3Q
1Q				1Q
						5