〔Delayed〕First Half Year FY2021 Business Results

Presentation Materials

First Half FY2021 Business Results

October 29, 2021

www.sanwa-hldgs.co.jp

Contents

■ Introduction		◆ Appendix
1. Progress of Mid-Term Management Plan		1.	Outline of Consolidated Results by	・・・23
/ Trend of Consolidated Results	・・・・4		Sector
		2.	Sales Trend of Main Products
■ First Half FY2021 Consolidated Results			(By sector)	・・・24
2. Business Results Highlights	・・・・6
3. Net Sales & Operating Income	・・・・7	3.	Japan : Order Backlog & Net Sales by
（By sector）			Products (Sanwa Shutter)	・・・25
		4. USA・Europe : Net Sales by products	・・・26
■ FY2021 Consolidated Forecasts			(ODC, NF)
4. Business Forecasts Highlights	・・・・9	5.	Business and External Environment	・・・27
5. Forecast Net Sales & Operating Income		6. Key Figures & Ratios	・・・28
（By sector）	・・・10	7. SVA tree	・・・29
		8.	Capital Expenditure & Depreciation	・・・30
■ Progress of Priority Strategies in		9.	Topics ①～②	・・・31
Mid-Term Management Plan
6. Basic Strategies ①～⑤	・・・12	Foot-note on Forecast
■ Financial Information Highlight		Any contents in this brochure are based on
7. Financial Information Highlight	・・・20	various assumptions, and neither promise nor
		guarantee the indicated results of forecast or

realization of any management issue.

Introduction

1H FY2021 Consolidated Results

FY2021 Consolidated Forecasts

Progress of Mid-Term Management Plan

Financial Information Highlight

1. Progress of Mid-Term Management Plan / Trend of Consolidated Results

						(JPYbn)
Progress of Mid-Term Management Plan
	1H	1H	FY2021	FY2021	Mid-Term
(2019-2021)		Management
	FY2021
	FY2021	Revised	Initial	Plan
		Initial
・First half result greatly exceeded initial forecast,		Actual	Forecast	Forecast	Initial
	Forecast
				Targets
having recovered from COVID-19.
Net Sales	216.5	205.0	457.0	450.0	450.0
・Full-year forecast for sales is revised upward,	Operating
14.3	11.3	34.0	34.0	37.5
expecting to exceed Mid-Term target. As for
Income
income, given the situation of rising raw material	Operating
6.6%	5.5%	7.4%	7.6%	8.3%
cost and supply chain disruption, initial forecast	Income Ratio

remains unchanged.							SVA※1		－		－	14.5		14.5	15.9
											ROE※2		－		－	12.0%	12.0%	14.1%
JPYbn
500										(Overseas Sales Ratio)	Third Mid-Term	10.0%	※1 Calculated at the weighted
													Management Plan	average cost of capital (WACC) of
	Overseas Sales	Domestic Sales		Operationg Income Ratio									6%, tax rate of 33%
										※2 The cost of equity capital 8%
400								7.8%	7.3%	7.5%		7.7%	7.8%		7.4%	8.0%	assumed
							6.6%				7.3%	7.7%
											(45.9) (48.5)
	5.5%
300					5.3%		(43.8)	(44.7) (44.4)	(46.1) (46.4)		6.0%
	4.9%					(45.4)
	(43.1)		(36.9)		(41.0)		(41.7)
	(42.1)		(39.3)
200		3.0%	(38.1)	(43.3)											4.0%		Forex	2020	2021
		3.6%
				2.4% 1.9%														Rate		（Revised
																			Forecast)
100																	2.0%	１USD	106.43	105.00
																１EUR	121.97	125.00
0																	0.0%
	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
																Revised
																Forecast

4

Introduction

1H FY2021 Consolidated Results

FY2021 Consolidated Forecasts

Progress of Mid-Term Management Plan

Financial Information Highlight