Hosokawa Micron : Presentation Document (1st half of Financial results FY2024)

Financial Results

The 1st half of FY2024

5th Jun. 2024

ticker symbol：6277

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• Financial summary

1. Outlook for the Future
2. Topics
3. Appendix

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• Financial summary

1. Outlook for the Future
2. Topics
3. Appendix

© HOSOKAWA MICRON CORP. All rights Reserved.

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Financial summary

Steadily booked sales from its abundant backlog of orders, and the effect of the yen's depreciation also contributed to record-high net sales.

Improved profitability due to the gradual recording of sales from projects with increased prices and in addition to the effect of increased revenues.

Powder processing business : Orders decreased as customers were cautious in their investment decisions due to uncertainty over the global economic environment.

Blown film business：Orders increased due in part to the acquisition of large projects.

Consolidated	Bookings	Net sales	Operating profit
	41.2billion JPY 41.4billion JPY	3.7billion JPY
	YoY		YoY	YoY
	- 6.4％	＋11.5％	＋18.0％
			Record high	Record high
Powder Processing Business	Blown Film Business
Bookings	Net sales	Bookings	Net sales
31.3billion JPY	32.3billion JPY	9.8billion JPY	9.1billion JPY
YoY	YoY	YoY	YoY
- 13.1％	＋8.7％	＋23.7％	＋23.0％
		Record high		Record high

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Business Segment

22%

	FY2024 1H
	Net sales by
	business
	segment(%)
	78%
Blown film business		Powder processing business

Equipment sales	Aftersales	Equipment sales	Toll	Material
and engineering	and engineering	processing

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Business Results

			FY2023 1H	FY2024 1H		YoY changes	YoY Changes(%)
			Results(a)	Results(b)		(c=b-a)	(c/a)
	Booking		44,054	41,228		- 2,826	- 6.4％
	Net sales		37,182	41,477		＋4,295	＋11.5%
	Cost of sales		24,725	27,322		＋2,597	+10.5%
	Gross profit		12,457	14,154		＋1,697	+13.6%
	Gross profit margin		33.5%	34.1%		＋0.6ppt
	SG&A expenses		9,253	10,374		＋1,121	+12.1%
	Operating profit		3,204	3,779		＋575	+18.0%
Operating profit margin		8.6%	9.1%		＋0.5ppt
	Ordinary profit		3,367	4,259		＋892	+26.5%
	Net profit		2,529	2,434		- 95	- 3.7%
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Non-operating income and extraordinary losses

Non-operating income

Operating profit Ordinary profit

3,779	4,259
million JPY	million JPY

＋480million JPY

Extraordinary losses

Ordinary profit	Income before
income taxes
4,259	3,323
million JPY	million JPY

• 936million JPY

Main Factors

• Increase in interest income due to higher interest rates in the U.S. and Europe
• Increase in equity in earnings of affiliates due to good performance of equity-method affiliates

283

million JPY

112

million JPY

Main Factors

• Impairment loss on core system- related assets in Japan
• Impairment loss on sales of land and buildings in Europe

783

million JPY

154

million JPY

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Bookings by Application

Polymers and Blown Films performed well.

Decrease from the same period of the previous fiscal year in mainstay chemical and electronic materials-related applications, mainly for rechargeable batteries, which had been strong.

The pharmaceuticals and contract processing sectors, which were strong in the same period of the previous fiscal year, were retained.

(100 million JPY)

Pharmaceuticals

Foods

	Pharmaceuticals
	9.2%
	Blown films	Foods
	23.9%
	6.7%
		Chemicals
	Bookings by	12.9%
others
Application(%)
6.3%
	Electronic
Toll		materials
	Polymers	5.0%
processing	4.0%
4.2%	Recycle
Aftersales 3.8%	Metals &
	18.9%	Minerals
		5.1%

Chemicals	Polymers	Toll
	Recycle	Others
		processing
	Metals &		Blown
	Aftersales	films
Electronic	Minerals

materials (incl. LIBs)

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Trend of Bookings, Net sales & Backlog

Long delivery times have stabilized, and sales recordings are steadily progressing based on the abundant backlog.

（100 million JPY）

700

Bookings Net sales Backlog

600

499

537

500

400

527

371

300

200

100

0

267

174

263	271
	229

1 Q 2 3 4 1 Q 2 3	4 1 Q 2 3	4 1 Q 2 3	4 1 Q 2 3	4 1 Q 2 3	4 1 Q 2 3	4 1 Q 2 3	4 1 Q 2 3	4
FY2016	2017	2018	2019	2020	2021	2022	2023	2024

• Backlog is translated into Japanese currency at the exchange rate (CR) at the end of FY2024.2Q.

（ref. FY2024.2Q-end rate ）EUR:163.24JPY, USD:151.41JPY

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*1 Backlog dwell time (day) ＝

Trend of dwell time in Backlog

Longer delivery times for procured parts and materials continue, but the number of days of backlogged orders is improving.

	273day	237day
223day	242day

186day

151day

FY2019

2020

2021

2022

2023

2024 1H

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Backlog

Net Sales per day（ Net Sales ÷365）

*2 Concerning sales per day for the first half of FY2024, the following calculations have been made.

Net Sales per day ＝ Net Sales ÷182

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