Star Micronics : Financial Results for the FY2023 Second Quarter(1,720KB)

Financial Results for the FY2023

Second Quarter

https://www.star-m.jp Code 7718

August 9, 2023

• The projections in this document are based on information available at the time of release of this report and certain assumptions the Company considers reasonable.
• The Company does not promise that these projections will be achieved. Actual results may differ materially from projections due to a variety of factors.

Contents

Financial Results for the FY2023 Second Quarter

■ Overview of the FY2023 Second Quarter	P.2
■ Consolidated Operating Results and Business Forecast	P.3
■ Quarterly Information(Net Sales)	P.4
■ Segment Overview
Special Products
Second Quarter Actual	P.5
Full Fiscal Year Forecasts	P.6
Machine Tools
Second Quarter Actual	P.7
Full Fiscal Year Forecasts	P.8
■ Capital Investment / R&D Costs	P.9
■ Balance Sheets	P.10
■ Cash Flows	P.11
■ Key Financial Indicators	P.12
■ Returns to Shareholders	P.13

Reference
■ Trends in Quarterly Machine Tool Orders	P.15
■ Performance Indicators (10-Year Data)	P.16
■ Business Segments and Products	P.17

1

Overview of the FY2023 Second Quarter

Increases in Sales and Substantial Increases in Profits

Year on Year

■ Net Sales	¥42.92	billion	9.4%	up YoY
■ Operating Income	¥7.38	billion	29.0%	up YoY
■ Ordinary Income	¥7.61	billion	27.5%	up YoY
■ Net Income Attributable	¥5.23	billion	24.5%	up YoY
to Owners of Parent

• Special Products Segment, Sales and Profit increased mainly due to the impact of the yen's depreciation.
• Machine Tools Segment, Sales increased due to the steady filling of backlog orders and the impact of the yen's depreciation, and Profit increased significantly.

2

Consolidated Operating Results and Business Forecast

												(Millions of Yen)
			Second Quarter				Full Year
		June 2022		June 2023		FY12/22	FY12/23 Revised Forecasts
		Actual		Actual		Actual	(Announced on August 9)
			Income		Income	Change		Income			Income Ratio
		Amount	Ratio	Amount	Ratio	Amount	Ratio	Amount		Change (% )
		(% )		(% )
			(% )		(% )		(% )
Sales	Special Products	7,961		8,982		12.8	17,959		16,300			(9.2)
	Machine Tools	31,290		33,943		8.5	69,408		62,700			(9.7)
	Total	39,252		42,926		9.4	87,368		79,000			(9.6)
Operating Income	Special Products	1,522	19.1	1,701	18.9	11.7	3,754	20.9	2,200		13.5	(41.4)
	Machine Tools	5,143	16.4	6,684	19.7	30.0	12,248	17.6	10,800		17.2	(11.8)
	Eliminations or Corporate	(943)		(1,005)			(2,077)		(2,000)
	Total	5,722	14.6	7,380	17.2	29.0	13,925	15.9	11,000		13.9	(21.0)
Ordinary Income		5,971	15.2	7,614	17.7	27.5	14,199	16.3	11,400		14.4	(19.7)
Net Income Attributable to Owners of Parent	4,209	10.7	5,238	12.2	24.5	10,298	11.8	8,400		10.6	(18.4)
ROE（ ％）			-		-		15.4			11.3
Cash Dividends Applicable to the Year	¥30		¥30		¥70*			¥60
							* Included a special dividend of ¥10 per share
									Second half		Full-Year	Foreign
									Assumed		Assumed	Exchange
									Exchange Rate		Exchange Rate	Sensitivity*
Exchange	US＄	¥122.89		¥134.84		¥131.45	¥130.00		¥132.42	40 million
EUR	¥134.25		¥145.76		¥138.05	¥145.00		¥145.38	55 million
Rate
	GBP	¥159.46		¥166.38		¥161.93	¥170.00		¥168.19	4 million

*Sensitivity of operating income to a ¥1 change in foreign exchange rates.	3

Quarterly Information(Net Sales)

(Millions of Yen)

25,000

Net Sales

25,710

Special Products

Machine Tools

20,000

15,000

10,000

5,000

0

21,712	22,405	21,809
21,116

18,712

17,71717,539

15,138		19,668
12,791	18,449	16,294	17,649
17,393

13,183 15,134 13,896

11,304

9,168

3,623	3,833	4,533	3,578	3,643	4,318	3,955	6,041	4,822	4,160
1Q	2Q	3Q	4Q	1Q	2Q	3Q	4Q	1Q	2Q
		FY12/21				FY12/22			FY12/23

4