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. | 2 |
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. | 3 |
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. | 4 |
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. | 5 |
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Ebara Jitsugyo Co. Ltd. published this content on 16 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2023 23:49:04 UTC.