Supplementary Material
on Financial Results

Consolidated Financial Results
for the Six Months
Ended September 30, 2022
November 16, 2022
SHIBAURA MACHINE CO., LTD.

Consolidated Financial Results
Overview for the Six Months
Ended September 30, 2022
1) Key Points of Financial Results2) Comparison with Forecast
3) Year-on-Year Comparison

2Key Point of Financial Results (Year-on-Year)

Increased Revenue and Profits Year-on-Year◼ Orders Received• Despite the impact of the lockdown in China, the order environment remainedrobust, with significant growth mainly in North America, China, and India• Strong demand continues for LiB separator film production lines for EV, which
has increased significantly• Amid the decarbonization movement, there were increases in medium to large
electric injection molding machines in North America, and in hydraulic injection
molding machines in India, where economic activity has been growing◼ Net Sales• Increases in all segments despite the lockdown in China• Injection molding machines in North America and India increased• Increases in large machine tools for industrial machinery in Japan and forenergy in North America◼ Operating Profit, Ordinary Profit, Quarterly Net Profit• Operating profit and ordinary profit decreased due to lower profit in the metal &plastics industrial machine segment, higher material prices, etc., despite higherprofit due to yen depreciation• Net profit increased due to a decrease in tax expenses

3Performance Summary (vs. Forecast)(Unit: 100 million yen)

Q2 FY2022

Q2 FY2022

Increase/

Cumulative

Forecast

Decrease

(A)

(B)

(A-B)

Net sales

589

580

+9

Operating profit

16

8+8

2.8%

1.4%

+1.4pt

2115

3.7%

2.6%

+1.1pt188+103.1%

1.4%+1.7ptProfit ratio
Ordinary profit

Profit ratio
Net profit attributableto owners of parent

Profit ratio
Ordersreceived
Exchange rate(USD)

1,100

1,000

145 yen+6+100130 yen➢ There was an increase in orders received due to the continued strong order environment in the metal & plastics
industrial machine segment.
➢ Net sales, operating profit, ordinary profit and net profit increased mainly due to the impact of yen depreciation thatexceeded the forecast exchange rate level

4

Performance Summary (Year-on-Year)(Unit: 100 million yen)

Q2 FY2022

Q2 FY2021

Increase/Cumulative

Cumulative

Decrease

(A)

(B)

(A-B)

Net sales

589

536+53Operating profit

1623-7

2.8%

4.4%

2123

3.7%

4.4%

18

17

3.1%

3.3%

Profit ratio
Ordinary profit

Profit ratio
Net profit attributableto owners of parent

Profit ratio
Ordersreceived
Exchange rate
(USD)

1,100

868

145 yen5112 yen- 1.6pt-2- 0.7pt+1- 0.2pt+232

Amount of Orders Received (By Segment)(Unit: 100 million yen)

(Unit: 100 million yen)
Increase/Decrease

868

Others5Controlsystems

45Machine
tools

1,100+232 (+26.7%)

7+2 (+46.4%)

42-3 (-5.6%)

146-2 (-1.2%)

Breakdown of Metal &Plastics Industrial Machinery
Injection: Injection molding machines
Die Casting: Die casting machines
Extrusion: Extrusion machines

Q2 2021
Cumulative

Q2 2022
Cumulative

148+234 (+34.9%)

Metal &plastics
industrialmachine903

Q2 2021
21/2Q累計
Cumulative

669
Extrusion
397

669

Q2 2022
22/2Q累計
Cumulative

Injection
223

Injection
191

6903
DieCasting80

Extrusion
589

DieCasting90Trends of Orders Received (By Segment)(Unit: 100 million yen)

Machine tools: Large machine tools (machine tool segment)
Precision: High-precision machine tools (machine tool segment)
Control: Control systems

Breakdown of Metal &Plastics Industrial Machinery(Unit: 100 million yen)

Current Orders➢➢➢➢

Injection:

Increase in medium to large electric machines due to the trend toward decarbonization in North America,
and increase in hydraulic machines in India
Extrusion:
Continued strong demand for separator film manufacturing equipment for EV lithium-ion batteries in China
Machine Tools: Increase in industrial machine applications in Japan and energy applications in North America,
with steady demand for wind power generation in China
Precision:
Decrease in smartphone lens molds in China and Taiwan despite increase in optical molds in Japanand automotive lens molds in Japan, China, and Taiwan

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

(Unit: 100 million yen)

Breakdown of Metal &Plastics Industrial Machinery

Increase/Decrease

536

589
7Others
Controlsystems
Machinetools

6+53 (+9.8%)+1 (+11.2%)

51+6 (+11.9%)

137+28 (+25.0%)45109

Q2 2021
Cumulative

Q2 2022Cumulative+20 (+5.2%)
Metal &plastics
industrialmachine

Extrusion
155

384

404

384

Injection
164

Extrusion
134

404
DieDieCasting64
Adjustment
amount20)

21/2Q累計
Q2 2021

22/2Q累計
Q2 2022

Cumulative

Cumulative

8

Casting
77

Injection
192

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

Breakdown of Metal &Plastics Industrial
Machinery(Unit: 100 million yen)9Order Backlog (By Segment)(Unit: 100 million yen)

1,174

(Unit: 100 million yen)

1,918

Breakdown of Metal &Plastics Industrial Machinery

Increase/Decrease+744 (+63.4%)

5+2 (+67.3%)

61+24 (+61.6%)

242+22 (+10.0%)

Q2 2022

Q2 2021
OthersControlsystems
Machinetools

337+696 (+76.3%)

220
1,609913
Extrusion
684

913
Metal &plastics
industrial
machineQ2 2021

21/2Q

Injection
205
Die
Casting
88

Injection
144

Q2 2022

22/2Q

10Die
Casting
84

1,609
Extrusion
1,316Operating Profit (By Segment),
Ordinary Profit, Net Profit(Unit: 100 million yen)

(Unit: 100 million yen)

-7 (-29.7%)

16

23
Others1

Controlsystems

2

Machinetools

2Controlsystems

Metal &plastics
industrial
machineMachinetools

123
Metal &plastics
industrialmachine10(1)Q2 2021
21/2Q累計
Cumulative

Net profit-2 (-8.2%)+1 (+3.1%)

Others+0(-%)
Others18

Ordinary profit

Controlsystems-0(-14.8%)
Machinetools+1(+30.5%)
Metal &plastics
industrialmachine-8(-43.7%)

Q2 2022
22/2Q累計

Q2 2021
Cumulative

Cumulative11

Q2 2022
Cumulative

Q2 2021
Q2 2022
Cumulative Cumulative(Metal & Plastics Industrial Machinery)Segment Results(Injection molding machines, die casting machines, extrusion machines, etc.)(Unit: 100 million yen)

Q2 2022
Cumulative

Increase/ Increase/Q2 2021
Decrease Decrease
Cumulative
AmountRatio

404

384+20+5.2%

Operating profit

1018-8-43.7%

Profit ratio

2.6%

4.8%

―- 2.2pt

Net Sales

Performance Factor Analysis+Positive Factors➢ Injection: Increase in the number of medium to large electric machines amid thedecarbonization trend in North America, and increase in hydraulicmachines in India➢ Extrusion: Robust demand for LiB separator film production lines for EV in China-Negative Factors➢➢➢

Fluctuation in profit ratio due to sales composition
Difficulty and rising costs in procurement of materials for semiconductors, etc.
as well as logistics stagnation and cost increases
Impact of lockdown in China

12

(Machine Tools) Segment Results(Unit: 100 million yen)

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

Q2 2022
Cumulative

Increase/ Increase/Q2 2021
Decrease Decrease
Cumulative
AmountRatio

137

109+28+25.0%

Operating profit

32+1+30.5%

Profit ratio

2.3%

2.2%

―+0.1pt

Net Sales

Performance Factor Analysis+Positive Factors➢ Machine Tools: Increase in demand for industrial machinery in Japanand for energy applications in North America-Negative Factors➢➢Precision: Decrease in smartphone lens molds in China and Taiwan
Higher procurement costs and installation and acceptance inspection delays dueto the COVID-19 pandemic13

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

Q2 2022
Cumulative

Increase/ Increase/Q2 2021
Decrease Decrease
Cumulative
AmountRatio

5145+6+11.9%

Operating profit

22-0-14.8%

Profit ratio

4.4%

5.7%

―- 1.3pt

Net Sales

Performance Factor Analysis+Positive Factors➢-Increase in engineering solutions and electronic control systems in Japan

Negative Factors➢➢

Difficulty and rising costs in procurement of materials forsemiconductors, etc.
Impact of lockdown in China

14

Ordinary Profit Analysis(Unit: 100 million yen)・Increase in logistics costs
・Increase in activity expenses, etc.

15

Domestic and Overseas Sales(Unit: 100 million yen)

➢Japan:➢China:➢SE Asia :➢India[Die Casting] [Machine Tools] [Control Systems]
Increase[Injection] [Extrusion] [Precision] Decrease[Extrusion] Increase[Injection] [Die Casting] [Control Systems]
Decrease[Injection] [Die Casting] Increase:[Injection] Increase

North➢ America / :Mexico[Injection] [Die Casting] [Machine Tools]
Increase

16

Overseas Sales and Ratio (By Segment)(Unit: 100 million yen)17

Balance Sheet(Unit: 100 million yen)

End of Mar. 2022

End of Sep. 2022

Equity ratio

50.0%

47.6%

D/E ratio

17.0%

16.3%

18

Cash Flow Statements(Unit: 100 million yen)

Q2 2022 Cumulative

Q2 2021 Cumulative

Increase in purchasing-related accounts payable

Increase in inventoriesIncrease in purchasing-related accounts payable
Increase in advances received

51

Dividend payments-9-131
55
57
Dividend payments

Q2 2021
Cumulative

Q2 2022
Cumulative

Opening balance of cash and cash equivalents

424

517

93

C/F from operating activities66- 21- 87

C/F from investment activities-8- 15-7

Total- 1146- 12-48-1- 94

Transitional differences

016

16

Closing balance of cash and cash equivalents

470

484

14

C/F from financial activities

19

Increase/
Decrease-9Forecast of Consolidated
Financial Results for the YearEnding March 31, 2023
1) Financial Results Forecast2) R&D Expenses, Capital Expenditures,Depreciation Expenses
3) Dividend Forecast

20

Financial Results Forecasts◼ The full-year financial results forecast announced on May 26, 2022 wasdifficult to rationally calculate due to the lockdown in China and otherfactors.
◼ With the aim of achieving the Medium-Term Management Plan figures of net
sales of 120 billion yen and operating profit of 6 billion yen set for FY2022 in
the Management Reform Plan (FY2020-FY2023), above figures were used as
the forecasts for FY2022 (only full-year forecasts were disclosed).
◼ Previously undisclosed forecast for the first half was newly calculated andannounced on July 29, 2022 (full-year forecast was not calculated andunchanged).
◼ The full-year forecast announced on November 9, 2022 revised the figuresthat had not yet been calculated to net sales of 130 billion yen and operating
profit of 5 billion yen based on new calculations.

21

FY2022 Financial Results Summary(Unit: 100 million yen)

Increase in Sales and Profit from the Previous Fiscal YearNet sales
Operating profit

Profit ratioOrdinary profit

Profit ratio
Net profit attributableto owners of parent

Profit ratio
Orders received
Exchange rate
(USD)

FY2022

FY2022

Initial Forecast

Forecast(Issued May 26,(Issued Nov. 19, 2022)

2022)

1,200
60

FY2021

Increase/Results

Decrease

(A)

(B)

(A-B)

1,300
50

1,077
42

5.0%

3.8%

3.9%

5454

45

4.5%

4.2%

4.2%

4243

37

3.5%

3.3%

3.5%

1,850

137 yen22

1,642

122 yen+223+8- 0.1pt+9+0.0pt+6- 0.2pt+208

Amount of Orders Received (By Segment)(Unit: 100 million yen)

(Unit: 100 million yen)

Breakdown of Metal &Plastics Industrial Machinery

Increase/Decrease

1,642

OthersControlsystems
Machinetools

10106

1,850+208 (+12.6%)

14+4 (+31.2%)

82-24 (-23.3%)

282-5 (-1.7%)

FY2021

287

Metal &plastics
industrialmachine

FY2022(Forecast)+234 (+18.9%)

Injection
437

1,472

1,238

Extrusion
641

1,238

FY2022(Forecast)

23

1,472
Extrusion
890

Die
Casting159

FY2021

Injection
409

Die
Casting173

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

(Unit: 100 million yen)

Breakdown of Metal &Plastics Industrial Machinery

Increase/Decrease

1,077

OthersControlsystems
Machinetools

1,300+223 (+20.6%)

15+2 (+10.8%)

102+10 (+10.6%)287+51 (+21.5%)1392

FY2022(Forecast)

FY2021

236+161 (+21.2%)

Metal &plastics
industrial
machineExtrusion
223

Extrusion
338

755

916

Injection
379

916

755
Die
Casting152

Adjustment
amount(20)FY2021

FY2022(Forecast)

24

Die
Casting
163

Injection
415

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

(Unit: 100 million yen)

+8 (+18.0%)

5042
OthersOthers2Controlsystems
Machinetools

Controlsystems

04

Metal &plastics
industrial
machine36

Machinetools

Ordinary profit

Net profit+9 (+18.8%)+6 (+15.4%)

1410

Metal &plastics
industrial
machine35

Others-1(-16.1%)
Controlsystems-0(-6.1%)
Machinetools+10(+129times)
Metal&plastics
Metal &
industrial
plastics
machineindustrial-1
machine(-5.0%)-1(-5.0%)FY2021

FY2022(Forecast)

FY202125

FY2022(Forecast)

FY2021

FY2022(Forecast)(Metal & Plastics Industrial Machinery)Segment Results(Unit: 100 million yen)

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

FY2022(Forecast)

FY2021

Increase/ Increase/
Decrease Decrease
AmountRatio

916755+161+21.2%

Operating profit

3536-1- 5.0%

Profit ratio

3.8%

4.9%

―- 1.1pt

Net sales

Performance Factor Analysis+

Positive Factors➢➢➢-Increase in demand related to automobiles (including EVs) in Japan andoverseas
Injection: Increase in the number of medium to large electric machinesamid the decarbonization trend in North America
Increase in hydraulic machines in India
Extrusion: Increase in LiB separator film production lines for EV in China

Negative Factors➢➢

Difficulty and rising costs in procurement of materials for semiconductors, etc.
Impact of lockdown in China

26

(Machine Tools) Segment Results(Unit: 100 million yen)

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

FY2022(Forecast)

Increase/ Increase/Decrease Decrease
AmountRatio

FY2021287236

Operating profit

100Profit ratio

3.5%

0.0%

Net sales+51+21.5%+10 +129 times―+3.5pt

Performance Factor Analysis+Positive Factors➢ Machine Tools: Increase in demand for industrial machinery in Japan andenergy-related applications in North America➢ Precision: Steady sales to optical-related applications in Japan-Negative Factors➢➢Precision: Decrease in smartphone lens molds in China and Taiwan
Difficulty and rising costs in procurement of materials for semiconductors, etc.

27

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

FY2022(Forecast)

Increase/ Increase/Decrease Decrease
AmountRatio

FY202110292+10+10.6%

Operating profit

44-0- 6.1%Profit ratio

3.9%

4.6%

―- 0.7pt

Net sales

Performance Factor Analysis+Positive Factors➢-Increase in engineering solutions and electronic control systems in Japan

Negative Factors➢Difficulty and rising costs in procurement of materials for semiconductors, etc.

28

R&D Expenses, Capital Expenditures,
Depreciation Expenses(Unit: 100 million yen)

R&DExpenses

CapitalExpenditures

29

DepreciationExpenses

Dividend Forecast
No change from the most recently announced dividend forecast
Policy on Determination of Dividends
Our basic policy is to maintain stable dividends and to distribute profits in linewith business performance while strengthening our management structure toimprove profitability.
With regard to retained earnings, we will make strategic decisions on futurebusiness development for the purpose of continuous corporate growth, andeffectively invest in production facilities, technological development, overseas
expansion, and other areas. We will also continue to return profits to shareholders
in an appropriate manner.
Dividend payout
ratio(Consolidated)

InterimYear-end* Full-year

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 endingMarch 31, 2023
(Forecast)

37.5 yen

37.5 yen

75.0 yen

39.4%* We have declared an extraordinary dividend totaling approximately 3 billion yen (124.30 yen per share) with a record date ofJune 30, 2020. The annual total for the fiscal year ended March 31, 2021 includes an extraordinary dividend of 124.30 yen.

30

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