2Q FY2023 (Apr 2023 - Sep 2023) Consolidated Financial Presentation

Nov 14, 2023

1

2Q FY2023

Consolidated Financial Highlights

2

Highlights

Net sales increased due to steady growth in procurement, environmental energy, and electronic devices and components businesses

Operating income decreased due to the difference in foreign exchange rate trends and special factors

➢ Net sales

Sales increased due to steady growth in the Procurement business, the Environmental energy business, and the Electronic Equipment Business despite lower sales in the Semiconductor and electronic components business (+2.3% YoY)

➢ Operating profit

Decrease due to lower sales in the Devices business, differences in foreign exchange rate trends compared to the previous year, inventory write-downs and allowance for doubtful accounts for customers, and the absence of special demand in the same period of the previous year (-16.0%YoY)

➢ Ordinary profit

Decrease due partly to higher interest expenses resulting from higher interest rates (-53.3% YoY)

➢ Net profit attributable to shareholders of the parent company Decrease due partly to lower recurring profit (-27.0% YoY)

3

FY23 Consolidated results

Million yen

Net Sales

Gross Profit

SG＆A

Operating Profit

Ordinary Profit

Profit Attributable to Owners of Parent

2Q FY22

2Q FY23

YoY

Amount

% of Net Sales

Amount

% of Net Sales

Growth

Change (%)

239,795

ー

245,264

ー

5,469

2.3％

20,822

8.7%

22,019

9.0％

1,196

5.7％

12,376

5.2%

14,920

6.1％

2,543

20.6％

8,445

3.5%

7,098

2.9％

(1,347)

(16.0％)

8,474

3.5%

3,955

1.6％

(4,518)

(53.3％)

4,613

1.9%

3,367

1.4％

(1,246)

(27.0％)

4

Semiconductor and Electronic Components Business

（Million yen）

【Points】

185,000

10,000

•

Devices

10,122

9,000

Sales declined due to a decrease in sales for servers, PCs and

communication equipment although sales for industrial

165,000

7,548

8,000

equipment and in-vehicle devices continued growing

7,000

145,000

•

EMS

6,000

125,000

5,000

Despite the increased sales for in-vehicle displays, sales

167,077

7,808

157,730

4,000

declined due to the sluggishness in the mainstay

105,000

3,000

smartphone/tablet business

85,000

4,320

2,000

•

Segment profit

+31.2%

1,000

65,000

0

Segment profit decreased due to decline in sales in the devices

business, the impact of foreign exchange rates caused by

2Q FY22

2Q FY23

differences in the range of fluctuations in the yen's depreciation,

the absence of special demand in the same period of the

previous year, as well as inventory write-downs and allowance

for doubtful accounts, and a sales decrease in the EMS business

5

（Million yen）

Procurement Business

【Points】

35,000

30,000

25,000

20,000

15,000

10,000

5,000

0

45,380

1,532

•

Procurement

Sales increased due to the expansion of handled products and

solid sales of in-vehicle products

61,341

•

Segment profit

1,642

Segment profit increased due to higher sales

2Q FY22

2Q FY23

6

Electronic Equipment Business

（Million yen）

10000

1,652

5000

8,055

0

(166)

-50002Q FY22

1,641

8,519

(105)

△25.8%

2Q FY23

【Points】

  • Electronic Equipment

Sales increased due to growth in medical products and an increase in education-related demand

  • System Equipment

Sales decreased slightly due to a fall in special demand for Individual Number authentication related devices, despite increased sales of overseas-made payment terminals and other products

  • Segment Loss

Segment profit improved due to a better product mix

7

Environmental Energy Business

（Million yen）

9,000

629

4,500

651

4,538

5,527

4,000

2,348

2,317

2,326

(498)

-1,000

-500

2Q FY22

2Q FY23

【Points】

  • Energy

Remained strong due to the expansion of power generation at overseas solar power plants and the domestic power purchase agreement (PPA) business

  • Power producer and supplier (PPS)

Sales increased owing mainly to the demand from the government sector.

  • Vegetable Factory

Sales decreased slightly despite efforts to increase the yield of conventional varieties while working on high-value-added vegetables

  • Segment profit

Segment profit increased owing to the contribution by owned power sources in the PPS business, the firm energy business and improved profit of the vegetable factory

8

Consolidated Balance Sheet

Assets: Increase in cash and deposits, accounts receivable, inventories, etc.

Liabilities: Decrease in notes and accounts payable, etc.

Million yen

Assets

Current Assets

Non-current Assets

Total Assets

Liabilities and Net Assets

Current Liabilities

Non-current Liabilities

Net Assets

Total Liabilities and Net Assets

Capital Adequacy Ratio

As of March 31, 2023

As of September 30, 2023

210,816

228,791

58,611

57,490

269,427

286,282

162,439

176,459

21,892

21,246

85,095

88,575

269,427

286,282

30.0％

28.7％

9

Cash Flow

(unit: million yen)

Cash and Cash Equivalents at Beginning of Period

31,984

■Cash Flows from Operating Activities

(977)

＞Main factors：Increase in accounts receivable, decrease in inventories and accounts

payable

■Cash Flows from Investing Activities

2,142

＞Main factors：Proceeds from sales of property, plant and equipment and payments

for acquisition of property, plant and equipment

■Cash Flows from Financing Activities

4,313

＞Main factors：Increase short-term borrowings, dividend paid repayments long-term

borrowings

■Effect of Exchange Rate Change on Cash and Cash Equivalents

1,220

Cash and Cash Equivalents at End of Period

38,982

10

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Restar Holdings Corporation published this content on 14 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2023 14:58:05 UTC.