Consolidated Financial Summary
For the Fiscal Year Ended March 31, 2023
Contents
Results of Operations………………………………………………1
Orders and Net Sales of Water Treatment Facilities……………2
Results of Operations - New Segment……………………………3
Orders and Net Sales - New Segment……………………………4
May 11, 2023
Forecasts contained in this report are based on management's assumption and beliefs in light of the information currently available.
But they may be subject to change due to a wide range of factors, and no warranty is made regarding their attainability.
Results of Operations
Unit: Billions of yen | ||||||||||
2022/3 | 2023/3 | |||||||||
Full Year | ||||||||||
1st Half | Change from | Full Year | Change from | 1st Half | Change from | Forecast | Full Year | Change from | ||
Result | (Announced | Result | ||||||||
Previous Year | Previous Year | Previous Year | Previous Year | |||||||
in February) | ||||||||||
Orders | 147.8 | +20.3 | 315.2 | +52.9 | 200.4 | +52.6 | 375.0 | 374.3 | +59.0 | |
Water Treatment Chemicals | 58.7 | +6.3 | 118.4 | +14.8 | 69.2 | +10.5 | 136.5 | 136.9 | +18.5 | |
Water Treatment Facilities | 89.1 | +14.0 | 196.8 | +38.1 | 131.2 | +42.1 | 238.5 | 237.4 | +40.6 | |
Net Sales | 135.2 | +4.2 | 288.2 | +20.5 | 160.7 | +25.4 | 350.0 | 344.6 | +56.4 | |
Water Treatment Chemicals | 58.1 | +6.6 | 117.7 | +14.4 | 68.4 | +10.3 | 136.0 | 136.1 | +18.5 | |
Water Treatment Facilities | 77.1 | (2.4) | 170.5 | +6.0 | 92.3 | +15.1 | 214.0 | 208.5 | +37.9 | |
Cost of Sales Ratio | 63.0% | (2.0pp) | 63.8% | (0.8pp) | 64.6% | +1.6pp | 65.6% | 65.3% | +1.5pp | |
Gross Profit | 50.0 | +4.2 | 104.3 | +9.6 | 56.9 | +6.9 | 120.5 | 119.7 | +15.4 | |
SG&A Expenses | 35.1 | +2.9 | 71.3 | +6.1 | 40.3 | +5.2 | 81.5 | 81.1 | +9.8 | |
Business Profit | 14.9 | +1.3 | 32.9 | +3.5 | 16.6 | +1.7 | 39.0 | 38.6 | +5.6 | |
Business Profit Margin | 11.0% | +0.6pp | 11.4% | +0.4pp | 10.3% | (0.7pp) | 11.1% | 11.2% | (0.2pp) | |
Water Treatment Chemicals | 7.5 | +1.1 | 13.6 | +1.3 | 8.4 | +0.9 | 15.7 | 16.3 | +2.7 | |
Water Treatment Facilities | 7.4 | +0.2 | 19.4 | +2.3 | 8.2 | +0.8 | 23.3 | 22.4 | +3.0 | |
Net of Other Income and Expenses | (0.1) | (2.6) | 2.8 | +0.7 | (0.3) | (0.1) | (1.0) | (9.5) | (12.3) | |
Operating Profit | 14.7 | (1.3) | 35.7 | +4.2 | 16.3 | +1.6 | 38.0 | 29.1 | (6.7) | |
Operating Profit Margin | 10.9% | (1.3pp) | 12.4% | +0.6pp | 10.2% | (0.7pp) | 10.9% | 8.4% | (4.0pp) | |
Water Treatment Chemicals | 7.3 | +0.9 | 14.6 | +2.7 | 8.6 | +1.3 | 15.7 | 7.6 | (7.0) | |
Water Treatment Facilities | 7.5 | (2.2) | 21.2 | +1.5 | 7.8 | +0.3 | 22.3 | 21.5 | +0.4 | |
Net of Finance Income and Costs | (3.7) | (3.1) | (5.6) | (4.2) | 1.1 | +4.8 | 0.8 | 0.9 | +6.5 | |
Share of profit (loss) of investments | 0.1 | +0.1 | -0.1 | +0.9 | 0.1 | (0.0) | 0.2 | 0.2 | +0.3 | |
accounted for using equity method | ||||||||||
Profit Before Tax | 11.2 | (4.2) | 30.1 | +0.9 | 17.5 | +6.3 | 39.0 | 30.2 | +0.1 | |
Profit Attributable to Owners of Parent | 5.7 | (4.9) | 18.5 | (0.6) | 12.4 | +6.7 | 27.6 | 20.1 | +1.7 | |
Basic Earnings per Share (yen) | 50.78 | (43.66) | 164.38 | (5.56) | 110.15 | +59.37 | 245.56 | 179.14 | +14.76 | |
Number of Employees | 7,760 | +191 | 7,661 | +196 | 8,042 | +282 | - | 7,784 | +123 | |
Note 1. Orders and net sales are figures for external customers.
Note 2. Business profit and operating profit by segment indicates figures prior to adjustments and eliminations between segments.
1
Orders and Net Sales of Water Treatment Facilities
Unit: Billions of yen
2022/3 | 2023/3 | |||||||||||
Full Year | ||||||||||||
1st Half | Change from | Full Year | Change from | 1st Half | Change from | Forecast | Full Year | Change from | ||||
Result | (Announced | Result | ||||||||||
Previous Year | Previous Year | Previous Year | in February) | Previous Year | ||||||||
Domestic | 61.4 | +7.7 | 130.8 | +16.7 | 75.2 | +13.9 | 141.6 | 136.2 | +5.4 | |||
For the Electronics Industry | 32.6 | +5.0 | 86.7 | +26.3 | 41.9 | +9.3 | 78.5 | 80.3 | (6.3) | |||
Facilities | 3.3 | +1.6 | 25.5 | +18.9 | 8.8 | +5.5 | 12.7 | 12.7 | (12.8) | |||
Maintenance | 9.1 | +1.7 | 20.1 | +3.1 | 10.3 | +1.2 | 18.8 | 20.6 | +0.5 | |||
UPWS Business | 15.3 | +1.2 | 31.5 | +3.3 | 18.1 | +2.7 | 37.3 | 37.8 | +6.3 | |||
Precision tool cleaning | 4.8 | +0.4 | 9.6 | +0.9 | 4.7 | (0.1) | 9.6 | 9.3 | (0.3) | |||
For General Industries | 28.8 | +2.6 | 44.2 | (9.6) | 33.4 | +4.5 | 63.1 | 55.9 | +11.7 | |||
Energy / Infrastructure | 25.1 | +2.2 | 36.4 | (10.2) | 30.4 | +5.3 | 54.1 | 49.8 | +13.4 | |||
Soil Remediation | 2.3 | +0.3 | 5.1 | +0.4 | 1.9 | (0.3) | 6.4 | 4.0 | (1.1) | |||
Others | 1.5 | +0.1 | 2.8 | +0.1 | 1.0 | (0.4) | 2.6 | 2.1 | (0.7) | |||
Overseas | 27.8 | +6.3 | 66.0 | +21.4 | 56.0 | +28.2 | 96.9 | 101.2 | +35.2 | |||
Facilities | 11.6 | +2.6 | 32.5 | +13.2 | 32.7 | +21.1 | 53.6 | 61.8 | +29.2 | |||
Maintenance | 7.5 | +2.1 | 15.1 | +4.3 | 11.8 | +4.3 | 18.1 | 17.6 | +2.5 | |||
UPWS Business | 1.6 | +0.1 | 3.2 | +0.2 | 1.8 | +0.2 | 3.5 | 3.4 | +0.2 | |||
Precision tool cleaning | 7.1 | +1.6 | 15.1 | +3.8 | 9.7 | +2.6 | 21.7 | 18.4 | +3.3 | |||
Total Orders | 89.1 | +14.0 | 196.8 | +38.1 | 131.2 | +42.1 | 238.5 | 237.4 | +40.6 | |||
Domestic | 53.7 | (2.5) | 116.5 | (2.6) | 56.9 | +3.2 | 137.5 | 132.5 | +15.9 | |||
For the Electronics Industry | 30.5 | +1.4 | 65.1 | +6.1 | 34.8 | +4.3 | 83.6 | 81.5 | +16.4 | |||
Facilities | 2.6 | +0.2 | 6.9 | +1.1 | 3.9 | +1.3 | 15.2 | 14.7 | +7.9 | |||
Maintenance | 7.8 | (0.4) | 17.2 | +0.7 | 8.2 | +0.4 | 21.5 | 19.8 | +2.5 | |||
UPWS Business | 15.3 | +1.2 | 31.5 | +3.3 | 18.1 | +2.7 | 37.3 | 37.8 | +6.3 | |||
Precision tool cleaning | 4.8 | +0.4 | 9.5 | +0.9 | 4.6 | (0.1) | 9.6 | 9.2 | (0.3) | |||
For General Industries | 23.3 | (3.9) | 51.5 | (8.7) | 22.2 | (1.1) | 53.9 | 51.0 | (0.5) | |||
Energy / Infrastructure | 20.1 | (2.9) | 44.3 | (6.0) | 18.8 | (1.3) | 45.8 | 44.2 | (0.1) | |||
Soil Remediation | 1.8 | (1.2) | 4.4 | (2.8) | 2.3 | +0.5 | 5.5 | 4.7 | +0.3 | |||
Others | 1.4 | +0.1 | 2.8 | +0.1 | 1.0 | (0.4) | 2.5 | 2.1 | (0.7) | |||
Overseas | 23.4 | +0.2 | 54.0 | +8.6 | 35.4 | +12.0 | 76.5 | 76.0 | +22.0 | |||
Facilities | 8.4 | (2.9) | 21.5 | +1.4 | 15.2 | +6.7 | 33.7 | 37.4 | +15.9 | |||
Maintenance | 6.3 | +1.4 | 14.2 | +3.3 | 8.7 | +2.4 | 17.6 | 16.8 | +2.6 | |||
UPWS Business | 1.6 | +0.1 | 3.2 | +0.2 | 1.8 | +0.2 | 3.5 | 3.4 | +0.2 | |||
Precision tool cleaning | 7.1 | +1.6 | 15.1 | +3.8 | 9.7 | +2.6 | 21.7 | 18.4 | +3.3 | |||
Total Sales | 77.1 | (2.4) | 170.5 | +6.0 | 92.3 | +15.1 | 214.0 | 208.5 | +37.9 | |||
Note. UPWS Business stands for Ultrapure Water Supply Business.
2
Results of Operations - New Segments
Unit: Billions of yen | |||||||||
2023/3 | 2024/3 | ||||||||
1st Half | Full Year | 1st Half | Full Year | ||||||
Change from | Change from | ||||||||
Result | Result | Forecast | Forecast | ||||||
Previous Year | Previous Year | ||||||||
Orders | 200.4 | 374.3 | 175.0 | (25.4) | 350.0 | (24.3) | |||
Electronics Industries | 93.5 | 169.9 | 68.0 | (25.5) | 140.0 | (29.9) | |||
General Industries | 106.9 | 204.4 | 107.0 | +0.1 | 210.0 | +5.6 | |||
Net Sales | 160.7 | 344.6 | 181.0 | +20.3 | 375.0 | +30.4 | |||
Electronics Industries | 67.4 | 149.3 | 81.0 | +13.6 | 162.5 | +13.2 | |||
General Industries | 93.3 | 195.3 | 100.0 | +6.7 | 212.5 | +17.2 | |||
Cost of Sales Ratio | 64.6% | 65.3% | 67.5% | +3.0pp | 66.4% | +1.1pp | |||
Gross Profit | 56.9 | 119.7 | 58.8 | +1.9 | 126.0 | +6.3 | |||
SG&A Expenses | 40.3 | 81.1 | 42.6 | +2.3 | 86.0 | +4.9 | |||
Business Profit | 16.6 | 38.6 | 16.2 | (0.4) | 40.0 | +1.4 | |||
Business Profit Margin | 10.3% | 11.2% | 9.0% | (1.4pp) | 10.7% | (0.5pp) | |||
Electronics Industries | 10.0 | 21.8 | 7.4 | (2.6) | 18.1 | (3.7) | |||
General Industries | 6.6 | 16.9 | 8.8 | +2.2 | 21.9 | +5.0 | |||
Net of Other Income and Expenses | (0.3) | (9.5) | (0.5) | (0.2) | (1.0) | +8.5 | |||
Operating Profit | 16.3 | 29.1 | 15.7 | (0.6) | 39.0 | +9.9 | |||
Operating Profit Margin | 10.2% | 8.4% | 8.7% | (1.5pp) | 10.4% | +2.0pp | |||
Electronics Industries | 9.9 | 20.9 | 7.4 | (2.5) | 18.1 | (2.8) | |||
General Industries | 6.4 | 8.2 | 8.3 | +1.9 | 20.9 | +12.7 | |||
Net of Finance Income and Costs | 1.1 | 0.9 | (0.2) | (1.3) | (0.8) | (1.7) | |||
Share of profit (loss) of investments | 0.1 | 0.2 | 0.0 | (0.1) | 0.0 | (0.2) | |||
accounted for using equity method | |||||||||
Profit Before Tax | 17.5 | 30.2 | 15.5 | (2.0) | 38.2 | +8.0 | |||
Profit Attributable to Owners of Parent | 12.4 | 20.1 | 10.5 | (1.9) | 27.0 | +6.9 | |||
Basic Earnings per Share (yen) | 110.15 | 179.14 | 93.42 | (16.73) | 240.21 | +61.07 | |||
Number of Employees | 8,042 | 7,784 | - | - | - | - | |||
Note 1. Orders and net sales are figures for external customers.
Note 2. Business profit and operating profit by segment indicates figures prior to adjustments and eliminations between segments.3 Note 3. Figures in each industry segment for the year ended March 31, 2023 are approximate values tentatively calculated in May 2023, and subject to change.
Orders and Net Sales - New Segment
Unit: Billions of yen | |||||||||
2023/3 | 2024/3 | ||||||||
1st Half | Full Year | 1st Half | Full Year | ||||||
Change from | Change from | ||||||||
Result | Result | Forecast | Forecast | ||||||
Previous Year | Previous Year | ||||||||
Electronics Industries | 93.5 | 169.9 | 68.0 | (25.5) | 140.0 | (29.9) | |||
Chemicals | 5.6 | 10.7 | 5.4 | (0.2) | 10.6 | (0.0) | |||
Facilities | 40.0 | 68.6 | 18.1 | (21.9) | 38.2 | (30.4) | |||
Maintenance | 13.3 | 20.7 | 9.3 | (4.0) | 17.8 | (2.9) | |||
Precision Tool Cleaning | 14.4 | 27.7 | 12.8 | (1.6) | 27.0 | (0.6) | |||
Recurring Contract-Based Service | 20.2 | 42.3 | 22.4 | +2.2 | 46.3 | +4.0 | |||
General Industries | 106.9 | 204.4 | 107.0 | +0.1 | 210.0 | +5.6 | |||
Chemicals | 60.3 | 120.1 | 62.3 | +2.0 | 124.6 | +4.5 | |||
Facilities | 13.8 | 26.4 | 12.3 | (1.5) | 25.9 | (0.5) | |||
Maintenance | 25.9 | 43.5 | 23.7 | (2.2) | 42.2 | (1.4) | |||
Other Services | 6.9 | 14.3 | 8.7 | +1.8 | 17.3 | +2.9 | |||
Total Orders | 200.4 | 374.3 | 175.0 | (25.4) | 350.0 | (24.3) | |||
Electronics Industries | 67.4 | 149.3 | 81.0 | +13.6 | 162.5 | +13.2 | |||
Chemicals | 5.6 | 10.7 | 5.4 | (0.2) | 10.7 | (0.0) | |||
Facilities | 19.2 | 50.1 | 33.4 | +14.3 | 60.1 | +10.0 | |||
Maintenance | 8.1 | 18.8 | 6.8 | (1.4) | 18.2 | (0.6) | |||
Precision Tool Cleaning | 14.3 | 27.6 | 12.8 | (1.6) | 27.0 | (0.6) | |||
Recurring Contract-Based Service | 20.2 | 42.1 | 22.6 | +2.5 | 46.6 | +4.4 | |||
General Industries | 93.3 | 195.3 | 100.0 | +6.7 | 212.5 | +17.2 | |||
Chemicals | 59.9 | 119.7 | 61.8 | +2.0 | 124.3 | +4.6 | |||
Facilities | 7.9 | 20.0 | 9.1 | +1.2 | 24.5 | +4.4 | |||
Maintenance | 18.7 | 41.5 | 19.3 | +0.6 | 43.9 | +2.4 | |||
Other Services | 6.8 | 14.0 | 9.8 | +3.0 | 19.8 | +5.7 | |||
Total Sales | 160.7 | 344.6 | 181.0 | +20.3 | 375.0 | +30.4 | |||
Note. Figures in each industry segment for the year ended March 31, 2023 are approximate values tentatively calculated in May 2023, and subject to change.
4
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Kurita Water Industries Ltd. published this content on 11 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 May 2023 06:56:03 UTC.