Ebara Jitsugyo : Supplementary Materials for Financial Results for the Three Months Ended in March 31, 2022(422KB)

Three Months Ended March 31, 2023

Supplementary Materials for Financial Results

May 9, 2023

EBARA JITSUGYO CO., LTD.

FY2023 Q1 Summary

Market condition

• Demand for storage batteries and fisheries plant equipment increased, while demand related to semiconductors slowed down
• Demand for renewal of waterworks and sewage facilities, as well as demand for disaster prevention and mitigation, remains strong
• Private capital investment is recovering
• Delivery times of materials and equipment continue to be prolonged

Financial Highlights for Q1

• Orders received, net sales, and operating profit all exceeded the same period in the previous year
• Delays in recording sales continued due to prolonged delivery times of materials and equipment
• Orders backlog remains high

FY2023 Business Plan

⇒ No change in business plan

• No change in the business plan for net sales of 35.0 billion yen and operating profit of 3.5 billion yen

© EBARA JITSUGYO CO., LTD.

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Q1 Results Highlights

Market

condition

• Demand for storage batteries and fisheries plant equipment increased, while demand related to semiconductors slowed down
• Demand for renewal of waterworks and sewage facilities, as well as demand for disaster prevention and mitigation, remains strong
• Private capital investment is recovering
• Delivery times of materials and equipment continue to be prolonged

Net Sales

13.39 bn yen

(1.63 bn yen↑/ 13.9%↑)

Gross Profit 4.18 bn yen

(0.24 bn yen↑/ 6.1%↑)

Operating Profit

2.47 bn yen

(0.14 bn yen↑/ 6.2%↑)

• Storage batteries and fisheries plant equipment in Manufacturing business increased
• Contribution from orders backlog at the beginning of the period in Trading business
• Gross profit increased in line with increase in net sales
• Decrease in gross profit margin due to impact of higher material and equipment prices, etc.
• Operating profit increased in line with increase in gross profit
• SG&A expenses increased mainly in labor costs

Orders received 7.06 bn yen

(0.26 bn yen↑/ 3.9%↑)

Orders backlog

22.92 bn yen

(3.04 bn yen↑/ 15.3%↑)

Ordinary Profit

2.49 bn yen

(0.12 bn yen↑/ 5.0%↑)

• In Engineering business, steady demand for equipment renewal as well as for disaster prevention and mitigation
• Demand for storage batteries and fisheries plant equipment increased in Manufacturing business
• In Trading business, reactionary decline in orders received ahead of schedule in the previous period in anticipation of longer delivery times
• Shortages in the supply of materials and

equipment continue to cause delays in construction progress and product shipments, but are expected to be resolved during this period

Profit

1.72 bn yen

(0.01 bn yen↓/ 0.6%↓)

© EBARA JITSUGYO CO., LTD.

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Q1 Performance

(Unit: mn yen)

Dec. 2021

Q1

Ratio (%)

Dec. 2022

Q1

Ratio (%)

Dec. 2023

Q1

Ratio (%)

Year-on-Year

Change (%)	Change

Net Sales	14,725	100.0	11,754	100.0	13,390	100.0	+ 13.9	+ 1,636
Gross Profit	5,047	34.3	3,948	33.6	4,188	31.3	+ 6.1	+ 240
SG&A expenses	1,503	10.2	1,613	13.7	1,710	12.8	+ 6.0	+ 97
Operating Profit	3,544	24.1	2,334	19.9	2,478	18.5	+ 6.2	+ 144
Ordinary Profit	3,576	24.3	2,372	20.2	2,492	18.6	+ 5.0	+ 120
Profit	2,707	18.4	1,733	14.8	1,723	12.9	△ 0.6	△ 10
Orders received	8,425	-	6,799	-	7,063	-	+ 3.9	+ 264
Orders backlog	16,428	-	19,881	-	22,924	-	+ 15.3	+ 3,043

© EBARA JITSUGYO CO., LTD.

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Q1 Results Trends by Segment

(Unit: mn yen)

Orders received

Dec. 2021

Q1

1,541

Dec. 2022

Q1

1,745

Dec. 2023

Q1

1,807

Year-on-Year

Change (%)	Change
+ 3.6	+ 62

Manufacturing (environment- related)

Net Sales	4,365	2,034	2,568	+ 26.2	+ 534
Gross Profit	1,900	893	1,122	+ 25.6	+ 229

Engineering (water-treatment- related)

Orders received	4,261	2,079	2,795	+ 34.4	+ 716
Net Sales	7,419	6,949	6,991	+ 0.6	+ 42
Gross Profit	2,358	2,294	2,140	- 6.7	- 154

Trading (fluid machinery-related)

Orders received	2,621	2,975	2,461	- 17.3	- 514
Net Sales	2,939	2,770	3,830	+ 38.2	+ 1,060
Gross Profit	788	761	925	+ 21.6	+ 164

© EBARA JITSUGYO CO., LTD.

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