Global Niche Top Company
selected by Japanese Ministry of Economy, Trade and Industry
Financial Results
Year Ending September 2023
November 30, 2023
Nissei ASB Machine Co., Ltd.
(TSE Prime market, Code Number 6284)
2
INDEX
I. Results for the year ending Sept. 2023
- Financial forecast for the year ending Sept. 2024 III. Focus measures for the year ending Sept. 2024 Reference Documents
3
I. Results for the year ending Sept. 2023
Review of the period ending Sept. 2023
4
Business environment is on a recovery trend. Orders received and sales were at a high level. Also strong results of after-sales services. Sales cycles are in good condition.
Sales Front
- As a result of newly established Global sales Division and implementation of strategic sales activities, value of orders received recorded the highest ever
- After-salesservices (molds and parts) remained strong and drove overall orders received
- As a result of harvesting demands received at exhibitions, sales remained in high level recording the second highest
Technology
Front
- Beverage field: Increased productivity and expanded container application enabled PF36 to secure competitiveness on par with 2-step machines
- Non-beveragefield: Evolution of ZC* and QMC* of ASB series machines further enhanced their competitiveness
- Environment-conscioustechnologies: Strengthened development of our own technologies such as
double-layer containers and RR* containers
(*ZC...Zero Cooling System, QMC...Quick Mold Change, RR...Returnable and Refillable)
Manufacturing
Front
- Strengthened organic collaboration between factories in Japan and India to promote cost reduction, increase in productivity, and quality improvement
- Large-scalecapital investment in India plant was completed. Production transfer to India plant is progressing.
- Optimization of global production system is under consideration including a plan for a new factory in Japan
Financial Results (Summary)
5
Good financial results with the highest record in value of orders received as well as the second highest in sales and operating profit. Disclosed forecast was almost achieved as a result of recording the highest quarterly sales ever in Q4.
(Unit: million yen)
Year on year | [Reference] | ||||||||||||||||
2022/09 | 2023/09 | Comparison | |||||||||||||||
Total | Total | Amount | Rate of | Disclosed | Achieve- | ||||||||||||
Q1 | Q2 | Q3 | Q4 | of | |||||||||||||
Change | Forecast | ment Ratio | |||||||||||||||
Change | |||||||||||||||||
The | highest record | ||||||||||||||||
Net Sales | |||||||||||||||||
30,277 | 6,933 | 8,589 | 8,598 | 10,676 | 34,798 | 4,521 | 14.9% | 34,000 | 102.3% | ||||||||
Gross Profit | 13,408 | 3,445 | 3,919 | 3,976 | 4,307 | 15,649 | 2,241 | 16.7% | - | - | |||||||
44.3% | 49.7% | 45.6% | 46.2% | 40.3% | 45.0% | ||||||||||||
Selling, General and | 7,852 | 2,133 | 1,993 | 2,047 | 2,308 | 8,482 | The second highest | ||||||||||
630 | 8.0% | - | - | ||||||||||||||
Administrative Expenses | 25.9% | 30.8% | 23.2% | 23.8% | 21.6% | 24.4% | |||||||||||
Operating Profit | 5,556 | 1,311 | 1,926 | 1,928 | 1,999 | 7,166 | 1,610 | 29.0% | 6,500 | 110.3% | |||||||
18.4% | 18.9% | 22.4% | 22.4% | 18.7% | 20.6% | ||||||||||||
Ordinary Profit | 8,927 | 8 | 2,113 | 2,680 | 2,234 | 6,953 | (1,973) | (22.1%) | 7,000 | 99.3% | |||||||
29.5% | 0.1% | 24.6% | 31.2% | 20.9% | 20.0% | ||||||||||||
Profit Attributable to | 6,130 | 47 | 1,452 | 1,891 | 1,776 | 5,085 | (1,045) | 5,000 | |||||||||
(17.1%) | 101.7% | ||||||||||||||||
Owners of Parent | 20.2% | 0.7% | 16.9% | 22.0% | 16.6% | 14.6% | |||||||||||
Orders Received | 33,223 | 8,316 | 8,123 | 8,602 | 10,139 | 35,181 | 1,958 | 5.9% | Achieved disclosed | ||||||||
forecast except for | |||||||||||||||||
The | highest record | ordinary profit which | |||||||||||||||
Order Backlogs | 15,048 | 16,168 | 15,666 | 15,569 | 14,716 | - | (331) | (2.2%) | received exchange | ||||||||
rate impact in Q1 | |||||||||||||||||
Factors for Changes in Operating Profit | 6 |
(Year on Year Comparison) |
Operating profit increased due to increase in sales scale including influence of
exchange rate and effect of price revision
Increase | Decrease | Total | (Unit: million yen) |
Increase in SGA expenses | |||
Increase in | |||
material cost, etc. | (including influence of | ||
exchange rate) |
Effect of price revision
Increase in sales scale (including influence of exchange rate)
Influence of exchange rate +230 million yen
Increase in profit 770 million yen Increase in SGA expenses 540 million yen
Exchange rate (Average during the period)
2022/09 | 2023/09 | |
USD | 124.46 | 138.98 |
EUR | 134.48 | 148.29 |
INR | 1.63 | 1.70 |
2022/09 | +1,610 million yen | 2023/09 |
Operating profit | Operating profit |
Orders Received and Order Backlogs by Product
7
Orders received for molds and parts both hit record highs and total value of orders received recorded the highest. Order backlogs remain at a high level of 14 billion yen.
Orders Received
Order Backlogs
(Unit: million yen) | ||||||||||
Year on year | ||||||||||
2022/09 | 2023/09 | Comparison | ||||||||
Amount | ||||||||||
Total | Total | Rate of | ||||||||
Q1 | Q2 | Q3 | Q4 | of | ||||||
Change | ||||||||||
Change | ||||||||||
Stretch Blow Molding | 17,010 | 4,571 | 3,516 | 3,736 | 5,221 | 17,046 | 35 | 0.2% | ||
Machine | ||||||||||
Molds | 10,433 | 2,317 | 3,178 | 3,094 | 3,234 | 1,391 | 13.3% | |||
Ancillary | The | highest record | ||||||||
1,844 | 426 | 311 | 491 | 488 | 1,717 | (127) | (6.9%) | |||
Equipment | ||||||||||
Parts / Other | 3,935 | 1,000 | 1,118 | 1,279 | 1,195 | 4,593 | 658 | 16.7% | ||
Total | 33,223 | 8,316 | 8,123 | 8,602 | 10,139 | 35,181 | 1,958 | 5.9% | ||
Stretch Blow Molding | 8,297 | 9,293 | 8,421 | 8,086 | 7,191 | - | (1,106) | (13.3%) | ||
Machine | ||||||||||
Molds | 5,350 | 5,500 | 6,195 | 6,305 | 6,449 | - | 1,098 | 20.5% | ||
Ancillary | 1,202 | 1,153 | 877 | 992 | 897 | - | (304) | (25.3%) | ||
Equipment | ||||||||||
Parts / Other | 197 | 221 | 173 | 184 | 177 | - | (19) | (9.8%) | ||
Total | 15,048 | 16,168 | 15,666 | 15,569 | 14,716 | - | (331) | (2.2%) | ||
Orders Received and Order Backlogs by Region
8
In Europe, Eastern Europe performed well. In Southwest Asia, India progressed well.
Orders Received
Order Backlogs
(Unit: million yen) | ||||||||||
Year on year | ||||||||||
2022/09 | 2023/09 | Comparison | ||||||||
Amount | ||||||||||
Total | Total | Rate of | ||||||||
Q1 | Q2 | Q3 | Q4 | of | ||||||
Change | ||||||||||
Change | ||||||||||
Americas | 10,792 | 2,272 | 2,348 | 2,744 | 3,452 | 10,817 | 24 | 0.2% | ||
Europe | 6,338 | 1,844 | 1,857 | 2,097 | 1,592 | 1,053 | 16.6% | |||
The | highest record | |||||||||
South / West Asia | 9,882 | 2,955 | 2,379 | 3,017 | 2,729 | 1,198 | 12.1% | |||
East Asia | 6,209 | 1,243 | 1,539 | 743 | 2,365 | 5,891 | (318) | (5.1%) | ||
Total | 33,223 | 8,316 | 8,123 | 8,602 | 10,139 | 35,181 | 1,958 | 5.9% | ||
Americas | 4,610 | 3,975 | 3,878 | 4,003 | 4,726 | - | 116 | 2.5% | ||
Europe | 2,375 | 3,421 | 3,043 | 3,145 | 2,137 | - | (238) | (10.0%) | ||
South / West Asia | 4,021 | 4,677 | 4,479 | 4,752 | 4,782 | - | 760 | 18.9% | ||
East Asia | 4,040 | 4,093 | 4,265 | 3,667 | 3,070 | - | (970) | (24.0%) | ||
Total | 15,048 | 16,168 | 15,666 | 15,569 | 14,716 | - | (331) | (2.2%) | ||
Long-Term Changes in Orders Received and Order Backlogs
Received the record-highest orders of 35.2 billion yen.
Opened the door to a new stage.
9
(Unit: million yen) | 35-40 billion | ||||||||||||||||
40,000 | Order | Full year | |||||||||||||||
backlogs | orders | 30-35 billion | 35,181 | ||||||||||||||
35,000 | 34,248 | ||||||||||||||||
25-30 billion | |||||||||||||||||
30,000 | 30,694 | 32,959 | 33,223 | ||||||||||||||
28,854 | |||||||||||||||||
20-25 billion | |||||||||||||||||
25,000 | 25,323 | 26,056 | |||||||||||||||
15-20 billion | 24,474 | 23,010 | |||||||||||||||
20,000 | 20,020 | 22,052 | |||||||||||||||
19,029 | |||||||||||||||||
10-15 billion | 18,051 | ||||||||||||||||
15,471 | 15,048 14,716 | ||||||||||||||||
15,000 | |||||||||||||||||
14,527 | 14,042 | 13,810 | 16,382 | 16,337 | 12,451 | ||||||||||||
12,742 | 12,914 13,487 | 10,244 10,171 | 10,080 | ||||||||||||||
11,362 | Economic downturn | 9,060 | 9,508 | ||||||||||||||
10,000 | 8,375 | ||||||||||||||||
7,205 | 7,656 | ||||||||||||||||
6,511 | 6,062 | 6,140 | 6,174 | 6,178 | 6,092 | ||||||||||||
5,871 | 5,712 | 5,588 | 5,548 | ||||||||||||||
5,058 | |||||||||||||||||
5,000 | |||||||||||||||||
0 | |||||||||||||||||
2001/09 2002/09 2003/09 2004/09 2005/09 2006/09 2007/09 2008/09 2009/09 2010/09 2011/09 2012/09 2013/09 2014/09 2015/09 2016/09 2017/09 2018/09 2019/09 2020/09 2021/09 2022/09 2023/09 |
Approx. 10 years
Emergence into India
Approx. 6 years
Maximized effects of molding machine
production in India (on track)
Approx. 4 years | Approx. 3 | Approx. 3 |
years | years | |
Production of molds in full | ||
Manufacturing | Enhancement of | |
progress in India. | ||
Development of molding | capacities | competitiveness. |
machines to improve mass | enhanced. | Establishment of |
production. | Development of | ZC and PF36 in |
ZC and PF36. | the market. |
Long-Term Changes in Orders Received by Product | 10 |
(moving average) |
Orders for molding machines tend to receive influence of external factors,
whereas orders for molds are growing steadily
8,000 | [Graph: 4 point moving averages for quarterly figures] |
7,000 [Molding Machine Orders]
6,000
5,000
4,000
3,000
2,000
1,000
Machines have longer investment cycle and tend to receive influence of external factors
0 | |||||||||
3,500 | |||||||||
[Mold Orders] | |||||||||
3,000 | |||||||||
2,500 | |||||||||
2,000 | |||||||||
1,500 | |||||||||
Stable growth in orders for molds | |||||||||
1,000 | backed by robust demands for containers | ||||||||
2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
4 point moving average | (Unit: million yen) |
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Disclaimer
Nissei ASB Machine Co. Ltd. published this content on 25 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 December 2023 02:19:36 UTC.