TBK CO., LTD. Financial Results
（2nd Quarter of Fiscal year ending March 31,2024)
13 Dec 2023
TBK Co., Ltd.
（Stock Code：7277）
Challenge to the future～未来への挑戦～
1
Agenda
Ⅰ . Financial results for the 2nd quarter of the fiscal
year ending March 31, 2024
Ⅱ. Financial results forecast for the full year ending
March 31, 2024
Ⅲ. Progress of the 15th mid-term management plan
【Presenter】
President and Representative Director: Mr. Kaoru Ogata
Director and Managing Executive Officer: Mr. Yoshiaki Suzuki
Executive Officer, Head of Business Planning Division: Mr. Masahiko Kuramura
2
Ⅰ . Financial results for the
2nd quarter of the fiscal year
ending March 31, 2024
3
（1）Consolidated income statements overview
(100 million yen) | （Reference） | ||
FY2023 1H | FY2022 1H | Changes | FY2021 1H |
Net Sales | 277.3 | 262.1 | |||
Operating Income | 2.1 | 0.8% | ▲6.2 ▲2.4% | ||
Ordinary Income | 3.5 | 1.3% | ▲2.6 ▲1.0% | ||
Net Income | ▲0.6 | ▲0.2% | ▲4.3 ▲1.6% |
15.2 5.8%
8.3 ー
6.1 ー
3.7 ー
261.6
7.9 3.0%
11.9 4.5%
8.9 3.4%
《Exchange Rate》 | FY2023 1H | FY2022 1H | Changes | FY2021 1H | ||||
THB | 4.05 | 3.79 | 6.9% | 3.42 | ||||
INR | 1.71 | 1.71 | 0.0% | 1.49 | ||||
HKD | 17.22 | 15.73 | 9.5% | 13.90 | ||||
CNY | 19.46 | 18.97 | 2.6% | 16.67 | ||||
USD | 135.01 | 123.15 | 9.6% | 107.87 |
4
（2）Sales and operating income by region
(100 million yen) | （Reference） | ||||||||||||
FY2023 1H | FY2022 1H | Changes | FY2021 1H | ||||||||||
Net Sales | Operating Income Net Sales | Operating Income | Net Sales | Operating | Net Sales | Operating Income | |||||||
Income | |||||||||||||
Japan | 145.4 | ▲0.5 ▲0.3% 144.0 | ▲2.9 ▲2.0% | 1.4 | 2.4 | 143.9 | 3.7 | 2.6% | |||||
Asia | 93.4 | 5.2 | 5.6% | 87.5 | 3.3 | 3.8% | 5.9 | 1.9 | 76.3 | 4.9 | 6.4% | ||
China | 17.4 | ▲0.0 ▲0.1% | 10.0 | ▲4.0 ▲40.0% | 7.4 | 4.0 | 25.8 | 1.6 | 6.2% | ||||
North | 20.9 | ▲2.0 ▲9.6% | 20.4 | ▲3.3 ▲16.2% | 0.5 | 1.3 | 15.5 | ▲2.3 ▲14.8% | |||||
America | |||||||||||||
Adjustment | ▲0.5 | 0.7 | ▲1.2 | ▲0.1 | |||||||||
Total | 277.3 | 2.1 | 0.8% | 262.1 | ▲6.2 ▲2.4% | 15.2 | 8.3 | 261.6 | 7.9 | 3.0% |
・Japan ：Although raw material and energy costs remain high, the deficit has been reduced through price adjustments.
・Asia ：In Thailand, the decline in demand due to rising interest rates and inflation was offset by the expansion of new sales, and the Indian market continues to perform well.
・China ：Although the situation has improved significantly compared to the same period last year, it remains uncertain.
・USA ：The deficit was reduced through the further rationalization of activities such as the in-house production of outsourced parts and logistics and material costs.
5
（3）Sales by products
(100 million yen) | (Reference) | ||
FY2023 1H | FY2022 1H | Changes | FY2021 1H |
Asia/China | Asia/China | Asia/China | |||||||||||
Japan | /North | Japan | /North | Japan | /North | ||||||||
America | America | America | |||||||||||
Brakes | 73.2 | 31.7 | 65.7 | 28.3 | 7.5 | 3.4 | |||||||
Pumps | 50.2 | 61.0 | 57.7 | 55.7 | ▲7.5 | 5.3 | |||||||
Engine Parts | 7.1 | 34.7 | 7.8 | 32.6 | ▲0.7 | 2.1 | |||||||
Other | 14.8 | 4.3 | 12.7 | 1.3 | 2.1 | 3.0 | |||||||
Sub Total | 145.4 | 131.9 144.0 118.1 | 1.4 | 13.8 | |||||||||
Total | 277.3 | 262.1 | 15.2 |
Asia/China
Japan /North America
66.0 37.3
- 40.6
- 36.0
- 3.7
-
117.7
261.6
6
（4）Factors of changes in consolidated ordinary income
(100 million yen)
- Impact on sales, including the impact of selling price and sales increased without taking currency translation effects
- Continuation of emergency measures
・ Reduction in domestic investments
7
（5）Consolidated sales and ordinary income by quarter
Sales
FY2023
144 133
(100 million yen)
FY2022
FY2021
Ordinary
Income
8.7
133 | 139 |
129 | |
123
Operating
Income
134 | 139 |
125 | 126 |
※Reference
6.0
3.3 3.0
0.5 | 1.2 | ||||
1st quarter | 2nd quarter | 3rd quarter | 4th quarter | ||
▲0.2 | ▲0.9 | ||||
▲1.4 | |||||
▲2.4 | ▲2.2 | ||||
FY2021 | FY2022 | FY2023 |
3.0 | ||||
2.0 | ||||
0.0 | ||||
1st quarter | 2nd quarter | 3rd quarter | 4th quarter | |
▲0.9 | ▲0.2 ▲0.0 | |||
▲1.8 | ||||
▲3.4 | ▲2.9 | |||
FY2021 | FY2022 | FY2023 |
8
（6） Consolidated cash flow statement overview
Cash and cash equivalents at March | 39 | |||||||
31, 2023 | ||||||||
Cash flow from operating activities | ＋15 | |||||||
Cash flow from investing activities | ▲22 | |||||||
Free cash flow | ▲7 | |||||||
Cash flow from financing activities | ＋0 | |||||||
Cash and cash equivalents at Sep | ||||||||
32 | 7 | |||||||
31, 2023 | ||||||||
0 | 10 | 20 | 30 | 40 | 50 | 60 | ||
(100 million yen)
Operating activities CF
Pre-tax loss ＋2
Depreciation ＋15
Investing activities CF
Purchase of equipment and others ▲19
Financing activities CF
Interest-bearing debt±０
9
（7）Consolidated balance sheet overview
FY2023 1H | FY2022 | Changes | ||||||
Current Assets | 282.4 | 261.0 | 21.4 | |||||
Non Current Assets | 277.5 | 260.7 | 16.8 | |||||
Total Assets | 560.0 | 521.7 | 38.3 | |||||
Current liabilities | 213.3 | 186.2 | 27.1 | |||||
Non Current liabilities | 58.6 | 60.2 | ▲1.6 | |||||
Total liabilities | 272.0 | 246.5 | 25.5 | |||||
Shareholders' Equity | 229.3 | 229.6 | ▲0.3 | |||||
Accumulated other | 51.4 | 39.4 | 12.0 | |||||
comprehensive income | ||||||||
Non-controlling interest | 7.2 | 6.2 | 1.0 | |||||
Total net assets | 288.0 | 275.2 | 12.8 | |||||
Total liabilities and net assets | 560.0 | 521.7 | 38.3 |
(100 million yen)
Cash and cash in bank ▲3
Inventory ＋8
Accounts receivable +17
Construction in progress ▲8
Machinery and buildings ＋16
Investment securities +6
Account payable ＋17
Short-term loans payable＋9
Foreign currency translation adjustment +7
10
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
TBK Co. Ltd. published this content on 20 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 December 2023 23:24:07 UTC.
