Supplementary Material on Financial Results

Consolidated Financial Results
for the Three Months
Ended June 30, 2022
August 4, 2022
SHIBAURA MACHINE CO., LTD.

Consolidated Financial Results
Overview for the Three Months
Ended June 30, 2022
1) Main points of financial results2) Comparison with same period of theprevious year2

Main points of financial results for Q1 FY2022
Increased net sales and profits year-on-year◼ Orders received• Despite the effect of the lockdown in China, circumstances for receivingorders remained firm and resulted in a significant increase in orders
received year-on-year mainly in North America, China and India.
• Remarkable increase was seen in orders received for “LiB separator film
production lines for EV” which showed strong demand.
• Incoming orders for medium- to large-sized electric injection molding
machines increased in North America against the background of a carbonfree movement, and so did orders for injection molding machines in India
where economic activities are brisk.
◼ Net Sales• Despite the effect of the lockdown in China, net sales increased in allsegments, mainly in metal & plastics industrial machine segment in North
America and India.
◼ Operating profit, Ordinary profit, Quarterly profit• Despite the effect of price hikes of components, operating profit stayed flat
while ordinary profit and quarterly net profit increased year-on-year due tofactors including drop in the yen which generated profits.

3

Summary of Business Results(Comparison with same period of the previous year)(Unit: 100 million yen)

Net Sales
Operating Profit
Profit ratio
Ordinary Profit
Profit ratio
Quarterly Net Profit
attributable toowners of the parent

Profit ratio

Q1 FY2022

Q1 FY2021(A)(B)

Change(A-B)

264

255

+94

4-0

1.6%

1.7%

- 0.1pt

83+53.3%

1.5%+1.8pt0-1+10.1%- 0.4%+0.5pt271+361

Orders received

632

Excange rate(USD)

137

yen

4111

yen

Orders Received (Segment)(Unit: 100 million yen)

(Unit: 100 million yen)

Metal & plastics industrial machine
structural ratio

Change

271

632

＋361
(＋2.3 times)

3+1(+27.3%)

19-4(-17.6%)

78＋8(+11.9%)

Injection: Injection molding machines
Die casting: Die casting machines
Extrusion: Extrusion machines

Q1/22

Q1/21＋355(＋3.0 times)
OthersExtrusion

Injection

31116

2

Controlsystems

23

Machinetools

70

Metal &plastics
industrialmachine

175

Q1/21530

Die
casting44

Q1/225175

Extrusion

Injection
100368530

Die
casting45

Trends of Orders Received (Segment)
Machine tools： Large-sized machine tools
Precision： High-precision machine tools
Control：Control systems工作機械(Unit: 100 million yen)

597

Others3 2278271
2 2370Q1/21(4-6/21)

33578
226

175
Q2/21(7-9/21)

3

Control systems

1 29494632

Q3/21(10-12/21)439
3 3260342
Q4/21(1-3/22)

Machinetools

Metal &plastics
industrialmachine

19

制御機械
Metal & plastics industrial machineその他ratio
structural

計(Unit: 100 million yen)

78

530

Q1/22(4-6/22)

Injection
116

Extrusion368

530

Die casting
45

Q1/22
(4-6/22)

Current status of orders received➢ 【Injection】 Orders received for medium- to large-sized electric machines increased in North
America against the background of a carbon-free movement, and India market was brisk.
➢ 【Extrusion】 Demand continues strong in China for LiB separator film production lines for EV.
➢ 【Machine tools】 Orders received were firm in industrial machinery in Japan, increased in energy
field in North America, and were strong in wind power generation filed in China.
➢ 【Precision】 Orders received increased for optical metal mold in Japan and for in-vehicle lens metal
mold in China and Taiwan.

6

Net Sales (Segment)(Unit: 100 million yen)

(Unit: 100 million yen)

Metal & plastics industrial machine
structural ratio

Change255
OthersControlsystems

Machinetools

323
57

264

＋9(＋3.5%)

3+0(+9.7%)

24＋1(＋2.8%)

59＋2(＋3.2%)

Q1/22

Q1/21＋6(＋3.6%)
Extrusion

Extrusion
70
Metal &plastics
industrialmachine20)

Injection

176

182

182

176

Die
casting
31
Adjusted
amount

Q1/21

75

61

Q1/227Die
casting
34

Injection85

Order Backlog (Segment)(Unit: 100 million yen)

(Unit: 100 million yen)

Metal & plastics industrial machine
structural ratio

Change858

1,775＋917(＋2.1 times)

4＋1(＋33.5%)

59＋26(＋76.7%)

252＋58(＋29.7%)

Q1/22

Q1/21

Others3

Controlsystems

33

Machine
tools

194

626

1,458403

626

Q1/21204142

Extrusion
Metal &plasticsindustrialmachine

Injection

Injection＋832(＋2.3 times)

Q1/22

8Die
casting
81

1,458
Extrusion
1,167

Die
casting86Trends of Net Sales (Segment)(Unit: 100 million yen)

296

281
255
3245

322

2352

57

3227155

Others324

4264

OthersControlsystems

24

Machine
tools

59

Total
Metal & plastics
industrial machine
structural ratio(Unit: 100 million yen)

Extrusion

176

208

200

171

Metal &plastics
industrialmachine

61

182

Q2/21
(7-9/21)Q3/21(10-12/21)

Q4/21(1-3/22)9182
Die casting

AdjustedamountQ1/21(4-6/21)

Injection

34

Q1/22(4-6/22)

Q1/22(4-6/22)

85

Operating Profit (Segment), Ordinary Profit,
Quarterly Net Profit(Unit: 100 million yen)

(Unit: 100 million yen)-0(-0.2%)

4Others

Others0Machinetools

1

Controlsystems

Metal &plastics
industrial
machine

Metal &plastics
industrial
machine3

Controlsystems-0

Machinetools(＋2.2 times)

0

Controlsystems
+0

5-1

(1)

Q1/21

Quarterly net profit＋5(＋2.2 times)＋1( － ％)

Others+040

Ordinary profit(－%)

Machinetools-28(－%)

Metal &plastics
industrial
machine＋23(＋55.0%)

Q1/21

Q1/22

10Q1/22△10Q1/21

Q1/22

Metal & plastics industrial Machine
Segment Results(Unit: 100 million yen)

(Injection molding machines, die casting machines, extrusion machines, etc.)

Q1/22
Net Sales
Operating Profit
Profit ratio

Changeamount

Q1/21

Changerate

182

176+6+3.6%

53+2+55.0%

2.8%

1.9%

―+0.9pt

Q1/22 Results factor analysis＋Positive factor➢ 【Injection】 Medium- to large-sized electric machines sales increasedin North America against the background of a carbon-free movement,and demand in India increased.
➢ 【Extrusion】 Demand was strong in China for LiB separator film
production lines for EV.

-Negative factor➢ Difficulty in procurement and increasing cost of semiconductors andother components, and delay and increasing cost of distribution.
➢ The effect of the lockdown in China

11

Machine Tools Segment Results(Unit: 100 million yen)

(Machine tools, high-precision machine tools, etc.)

Q1/22

Changeamount

Q1/21

Changerate

Net Sales

59

57+2+3.2%

Operating Profit-1

1-2―-2.9%

2.8%―-5.7pt

Profit ratio

Q1/22 Results factor analysis＋Positive factor➢ 【Machine tools】 Increasing demand in industrial machinery in Japanand in energy-related field in North America.

-Negative factor➢ 【Precision】 Decreased sales in lens metal mold for smartphones
in China and Taiwan.
➢ Components procurement cost increase and delay in installations
and acceptance inspections due to the effect of COVID-19.

12

Control Systems Segment Results(Unit: 100 million yen)(Industrial robots, electronic control systems, etc.)

Q1/22

Changeamount

Q1/21

Changerate

Net Sales24

23+1+2.8%

Operating Profit0-0+0―

2.2%-3.5%―+5.7ptProfit ratio

Q1/22 Results factor analysis＋Positive factor➢ Increasing sales of electronic control devices in Japan.

-Negative factor➢ Difficulty in procurement and increasing cost of semiconductors
and other components➢ The effect of the lockdown in China.

13

Ordinary Profit Analysis(Unit: 100 million yen)
*SG&A: selling, general and administrative expenses

Improved grossprofit ratio

Improvedgross profit+4・Distribution cost increased
・Activity expenses increased

SG&AForeign
exhange-10+10Q1/21

Others+1

Q1/22

Ordinary profit+5

Ordinary profit

3（+2.2 times）

814

Domestic and Overseas Sales(Unit: 100 million yen)

➢ Domestic：【Die casting】【Machine tools】【Control】Increased+3+6

Overseas ratio70%

Q1/21 Q1/22

Domestic：【Extrusion】Increased【Injection】【Die casting】【Machine tools】

68%

OverseasChina➢ Southeast Asia ：【Injection】【Die casting】Increased➢ India：【Injection】Increased：【Injection】【Machine tools】Increased➢North America& Mexico

Overseas sales by region

83Q1/22【Precision】【Control】Decreased

Q1/21 Q1/2217Q1/21➢ China

178 181

77 8391【Extrusion】Decreased

Q1/215
Q1/22

Taiwan11
Q1/215
Q1/22

Korea

10 13

13

Q1/21

Q1/21

Q1/22

SoutheastAsia

1523
Q1/22

India

31

Q1/2147

Q1/22

NorthAmerica& Mexico

22

Q1/21

Q1/22

Europe& Others

Sales and Ratio in Overseas Market (Segment)(Unit: 100 million yen)Overseas sales by segment

Overseas sales ratio（Overseas ratio）

Q1/21： 70％
Q1/22： 68％

（80%）
（76%）

134 145（63%）（52%）

36（39%）（23%）

307（0%）（0%）

400

Q1/21 Q1/22

Q1/21 Q1/22Q1/21 Q1/22

Q1/21 Q1/22

Metal & plastics
industrial machine

Machinetools

Controlsystems

OthersInjection

Metal & plastics industrial machine by product(Overseas ratio)（82%） （86%）

Die casting※The bar graph shows amounts

Extrusion（78%） （84%）

Q1/22

Q1/22

Q1/22

16

ダイカスト
押出（58%） （57%）

Q1/22

射出

Q1/22

Q1/22

Balance Sheet(Unit: 100 million yen)

Assets
1,740

1,669
Cash equivalents

517
Tade accounts
receivable236+15-8+70

1,740+22259+1143

Contract liabilities+38326

Others+6174

Tade accounts
payable237Borrowings
142

532

288

228
586-4

Dividend fromretained earnings

Shareholders'equity-9751

Othercomprehensive
income

321

75-2
73
End of Mar. '22 End of Jun. '22
Others1,669

760

Fixed assets

325

Net assets

168

Inventory

516

Liabilities

74

87

End of Mar. '22

End of Jun. '22

End of Mar. '22 End of Jun. '22

50.0%
17.0%

Equity ratio
D/E ratio

1748.2%17.1%

Forecast of Consolidated
Financial Results for the Six Months
Ended September 30, 2022
1) Comparison with same period of theprevious year18

Q2(Cumulative) FY2022Summary of Business Results forecast(Unit: 100 million yen)

Net Sales
Operating Profit
Profit ratio
Ordinary Profit
Profit ratio
Quarterly Net Profit
attributable to ownersof the parent

Profit ratio

Q2(Cumulative)

Q2(Cumulative)

FY2022 forecast

FY2021 results

(A)

(B)

Change(A-B)

580

536

+44

8

23- 151.4%

4.4%- 3.0pt

1523-82.6%

4.4%- 1.8pt

8

17-9

1.4%

3.3%

- 1.9pt

Orders received

1,000

Excange rate(USD)

130868yen

19112+132yen

Orders Received (Segment)(Unit: 100 million yen)

(Unit: 100 million yen)
Change1,000＋132(＋15.1%)

8+3(+57.7%)

552+7(+14.7%)

Controlsystems

45

169

＋21(+14.1%)

Machine
tools

148

868

Others

Metal & plastics industrial machine
structural ratio

Q2/22

Q2/21

cumulative

cumulative＋102(＋15.1%)

Injection

Injection

191

191
Metal &plastics
industrialmachine

669

771

Extrusion
397

669

771
Die

Extrusion

casting

486

80

Q2/21

Q2/22

cumulative

cumulative

20

Die
casting94

Net Sales (Segment)(Unit: 100 million yen)

(Unit: 100 million yen)
Change536
Others6

Controlsystems

45

Machinetools

580109＋44(＋8.0%)

6-0(-7.5%)

50＋5(＋9.6%)

143＋34(＋30.2%)

Metal & plastics industrial machine
structural ratio

Q2/22

Q2/21

cumulative

cumulative＋4(＋0.9%)
Extrusion
Metal &plastics
industrialmachine20)

155

Injection

384

164

Extrusion
155

Injection

388

388

384

Adjusted
amount

Q2/21

Q2/22

cumulative

cumulative

21

Die

Die

casting

casting

64

68

165

Operating Profit (Segment), Ordinary Profit,Quarterly Net Profit(Unit: 100 million yen)

(Unit: 100 million yen)-15（ -66.4％）

823

Others-1

Others0(－%)

Controlsystems

2

Machinetools

2Controlsystems-1

Ordinary profit

Quarterly net profit-8（-36.2%）-9（-55.4％）

242118(-61.8%)
成形機
Metal &plastics
industrialmachine18

Controlsystems
Machinetools

1
1

Metal &plastics
industrialmachine

7Others-1

15

Machinetools-11223(-58.3%)
9

Metal &plastics
industrial
machine-11

15
6

83(-62.4%)

0

Q2/21

(3)

Q2/21

Q2/22

cumulative

cumulative

17

△322

cumulativeQ2/22

cumulative

Q2/21 Q2/22
cumulative cumulativeForecast of Consolidated
Financial Results for the Year
Ended March 31, 2023
1) Business results forecast2) R&D expenses, capital expenditure anddepreciation expenses
3) Dividend forecast

23FY2022 Summary of Business Results forecast(Unit: 100 million yen)

Net sales and profits remain the same without change from the lastannounced financial results.
Orders received forecast figure for FY2022 was revised upward.

Net Sales
Operating Profit
Profit ratio
Ordinary Profit
Profit ratio
Net Profit
attributable toowners of the parent

Profit ratio

FY2022

FY2021

forecast

results(A)(B)

1,20060

1,077
42

Change(A-B)+123+18

5.0%

3.9%

54454.5%

4.2%

4237

3.5%

3.5%

Orders received

1,800

Excange rate(USD)

130+924122+0.3pt

+5

1,642
yen

+1.1pt+0.0pt+158
yenOrders Received (Segment)(Unit: 100 million yen)

(Unit: 100 million yen)
Change1,642

Others

10Control
systems

106

Machine
tools

287

1,800

＋158（＋9.6%）

13+3（+21.9%）

92-14（-13.9%）344＋57（+19.9%）

Metal & plastics industrial machine
structural ratio

FY2022

FY2021＋113（＋9.1%）

Injection

Injection

414437
Extrusion
Metal &plastics
industrialmachine

1,238

1,351

641

1,238Extrusion
750
Diecasting159

FY2021

FY2022

251,351Die
casting187

R&D expenses, Capital expenditureand Depreciation expenses(Unit: 100 million yen)

R&D expenses
403532302527

Capital expenditure

Depreciation expenses

40

40

35

35

30

30

2525

2220201515101025

171820177

Q1 result

10105

FY2020

FY2021

FY2022Q1 result
5500

1915

Q1 result
5210

FY2020

FY2021

FY2022
plan

plan

26

FY2020

FY2021

FY2022plan

Dividend forecast
Dividend forecast remain the same without change from it announcedon May 26, 2022.
Dividend decision policy
We set a basic policy to maintain stable dividends and share profits according tobusiness results while strengthening our management structure with the aim ofincreasing profitability.
We will utilize earned surplus to make effective investments in production equipment,
technology development, overseas business operations and other purposes based on
strategic decisions on future business direction to achieve ongoing corporate
evolution, and at the same time to realize reasonable return of profits to ourshareholders on a continual basis.

InterimYear-end

Full-year*Dividend payout
ratio(Consolidated)

FY ended
March 31, 2021

37.5 yen

37.5 yen

199.3 yen

－FY ended
March 31, 2022

37.5 yen

37.5 yen

75.0 yen

48.6%

FY ended
March 31, 2023
(forecast)

37.5 yen

37.5 yen

75.0 yen

43.1%* We provided a special dividend in a total amount of about 3 billion yen (124.30 yen per share) as at the record
date on June 30, 2020 and the total annual dividend for FY ending in March 2021 includes the special dividend of124.30 yen.

27

SHIBAURA MACHINE CO., LTD.
2-2, Uchisaiwaicho 2-Chome, Chiyoda-ku, Tokyo 100-8503, Japan
TEL: 81-(0)3-3509-0444
FAX: 81-(0)3-3509-0333
URL: https://www.shibaura-machine.co.jp