Earnings Results
Presentation
FY2024 1Q (111th term)

Aug 9, 2024
Futaba Industrial Co., Ltd.
（＃7241）

Contents

1

１．FY2024 1Q Financial Results

２．FY2024 ForecastAppendix© FUTABA INDUSTRIAL CO.,LTD. All rights reserved

〈Consolidated〉

PL

Summary2
Unit: Mill JPY

Sales[Incl.DS]
Sales[Excl.DS]

Operating
ProfitOrdinary
ProfitProfitattributable toowners ofparent

FY20241Q

FY2023
1Q

Diff

186,453

204,673▲18,220▲8.9%

112,744

114,722▲1,977▲1.7%▲1,115▲23.6%▲873▲18.0%▲702▲22.9%

3,614
3,992(1.9%)(2.3%)

4,729(3.2%)(4.1%)(2.1%)(2.4%)

4,865(3.5%)(4.2%)(1.3%)(1.5%)

2,371

3,074(2.1%)

Diff Ratio(2.7%)

The figure in（ ）shows profit/sales ratio Upper row: Incl. DS Lower row: Excl. DS

Exchange rate
（1 USD)

155.9 JPY

137.4 JPY

+18.5 JPY

© FUTABA INDUSTRIAL CO.,LTD. All rights reserved

〈Consolidated〉 PL summary◆ Sales

Sales detail: DS & Material, Exchange rate Impact

3Unit：100 Mill JPY

Sales(Excl. DS)
DS amount

FY2023
1Q Actual2,046

FY2024
1Q Actual▲182

1,864・Sales including DS parts : ▲182899

737▲191,127

1,147

Without
External Factor〈+22.6%〉〈+3.0%DS〉 parts : ▲19・Sales excluding

・Sales excluding external factor(Material &Exchange Rate) : ▲67〈▲5.8%〉
・DS Parts?

▲67

1,147

1,080

External Factor

47

Direct Supply Parts. It is the parts supplied by customers.
The selling price including DS parts includes values of parts
supplied by customers. No Profit Impact

・Material Impact?
Due to changes in market, Unit purchase prices of materials
and material cost in sales prices fluctuate by the sameamount. No Profit Impact

・Exchange rate Impact?
Material

4

Exchange rate 43

When converting the financial figure of overseas subsidiaries
into JPY, the differences in exchange rates between theprevious year and the current year affects the sales amount.

© FUTABA INDUSTRIAL CO.,LTD. All rights reserved

〈Consolidated〉Sales & Operating Profit by segments

Excl.DS

4

Unit: Mill JPY
FY2024
1Q
Sales

Japan

[Excl.DS]

Operating
ProfitSales

NA[Excl.DS]

Operating
ProfitSales

Europe[Excl.DS]

OperatingProfit

Sales

China

[Excl.DS]

OperatingProfit

Sales

Asia
Consolidated
Adjustment[Excl.DS]

Operating
ProfitSales[Excl.DS][Excl.DS]

Operating
Profit

Diff

DiffRatio

56,866▲6,253▲11.0%▲1,897▲70.1%+8,321+30.2%+1,137+351.5%

▲375

▲3.5%

▲14

▲3.2%

▲3,718▲21.4%▲316▲51.7%+378+8.5%+85+17.6%

2,706(4.8%)

27,536323(1.2%)

10,666467(4.4%)

17,355611(3.5%)

4,435

485 (11.0%)▲2,469▲2,138▲33025134▲109

112,7443,614

114,722▲1,977▲1.7%▲1,115▲23.6%

Operating
Profit

Sales

Total

50,612808 (1.6%)
35,8581,461 (4.1%)
10,291452 (4.4%)
13,637294 (2.2%)
4,813
571 (11.9%)

FY20231Q(3.2%)

4,729 (4.1%)

The figure in（ ）shows profit/sales ratio© FUTABA INDUSTRIAL CO.,LTD. All rights reserved

〈Consolidated〉OP Flux Analysis FY24 1Q vs FY23 1Q

5
Unit：100 Mill JPY

GAP Total ▲11Favorable
Unfavorable( 47 → 36 )Parts sales

KaizenDepreciation

vol+3▲17+11FY2023

Sales Price

1QRevision▲6Product Mix etc

FY2024▲21Q

4736Diff
JPN27+40▲16▲2▲88▲19NA3+3+2+8▲1▲215+11EUR

5+10▲2▲1+25▲0CHN6+3+1▲7▲2+73▲3Asia

5000006+136▲1147© FUTABA INDUSTRIAL CO.,LTD. All rights reserved

Contents

6１．FY2024 1Q Financial Results

２．FY2024 Forecast

Appendix© FUTABA INDUSTRIAL CO.,LTD. All rights reserved

〈Cosolidated〉FY2024 Forecast

7
Unit： 100 Mill JPY

Sales[Incl.DS]
Sales[Excl.DS]

Operating
ProfitOrdinary
ProfitProfitattributable toowners ofparent

FY2024Forecast

FY2023

7,400

7,958▲558▲7.0%

4,4504,496▲46▲1.0%▲32▲16.7%▲34▲18.9％

▲8

▲6.5%

160
150(2.2%)

192

Diff

(2.4%)(3.6%)(4.3%)(2.0%)(2.3%)

184(3.4%)(4.1%)(1.6%)(1.6%)

120

128(2.7%)

Diff Ratio(2.9%)

The figure in（ ）shows profit/sales ratio Upper row: Incl. DS Lower row: Excl. DS

Exchange rate
（1 USD)

145.0 JPY

144.6 JPY

▲0.4 JPY© FUTABA INDUSTRIAL CO.,LTD. All rights reserved

〈Consolidated〉Sales & Operating Profit by segments

Excl.DS

8Unit： 100 Mill JPY

FY2024
ForecastSalesJapan[Excl.DS]

OperatingProfit

SalesNA[Excl.DS]

Operating
ProfitSales

Europe[Excl.DS]

Operating
Profit

Sales

China

[Excl.DS]

Operating
Profit

Sales

Asia
Consolidated
Adjustment[Excl.DS]

Operating
ProfitSales

Operating
Profit2,255(3.6%)98(4.3%)

1,111(3.5%)34(3.1%)412(1.1%)20(5.0%)641(2.5%)22(3.5%)166(9.0%)14(8.6%)

Diff Ratio

▲60

▲2.7%

▲20

▲20.4%+198+17.8%+11+31.8%▲47▲11.4%▲16▲80.7%▲131▲20.5%▲9▲41.3%+43+25.9%+4+32.2%▲91▲4801▲14,450
160

4,496

▲46▲1.0%▲32▲16.7%

Operating
Profit[Excl.DS]

Diff

▲140

[Excl.DS]

SalesTotal

2,19578
1,31046365
4510
13210
19

FY2023

(3.6%)

192 (4.3%)

The figure in（ ）shows profit/sales ratio© FUTABA INDUSTRIAL CO.,LTD. All rights reserved

〈Consolidated〉OP Flux Analysis FY24 total vs FY23 total
Gap Total▲329

Unit：100 Mill JPY( 192 → 160 )Favorable
Unfavorable

Parts sales

KaizenDepreciation

vol+49▲59

Sales Price
Revision+71▲27FY2023

Product Mix etc▲19Non-partsbusiness▲47Result

FY2024
Forecast

192160Diff

JPN98+ 17+ 33▲ 15▲ 10▲18▲ 2778▲ 20NA34+ 22+9▲5▲5▲7▲346+ 11EUR20+6+2▲ 18▲2▲4▲14▲ 16CHN22+ 22+8▲ 21▲ 10+9▲ 1713▲9Asia

14+4▲100+1+119+4160▲ 32192© FUTABA INDUSTRIAL CO.,LTD. All rights reserved

Contents

10

１．FY2024 1Q Financial Results

２．FY2024 ForecastAppendix© FUTABA INDUSTRIAL CO.,LTD. All rights reserved

〈Consolidated〉Sales by customer

11

The figure in （ ） shows profit /sales ratio

Incl.DS※1Toyota GroupFY20241Q

FY2023
1Q

Diff

Unit：100Mill JPYDiff Ratio

1,546(82.9%)

1,663(81.3%)

▲117

▲7.1%

Suzuki152(8.1%)

175(8.6%)▲23▲13.3%

Mitsubishi Motors

44(2.4%)62(3.0%)▲17▲28.3%

20(1.1%)18(0.9%)+1+6.3%Honda

19(1.1%)20(1.0%)▲0▲4.0%Other

81(4.4%)105(5.2%)▲24▲22.7%

Total

1,864(100.0%)

2,046(100.0%)

▲182

▲8.9%

959(85.1%)

965(84.2%)▲5▲0.6%

Suzuki57(5.1%)56(4.9%)+0+1.6%

Mitsubishi Motors25(2.3%)27(2.4%)▲2▲9.0%15(1.3%)14(1.2%)+0+6.2%Honda

15(1.4%)15(1.3%)+0+4.3%Other

53(4.8%)67(6.0%)▲13▲20.4%

Total

1,127(100.0%)

1,147(100.0%)▲19▲1.7%※2 Nissan GroupExcl.DS※1Toyota Group※2 Nissan Group※1 Toyota Group includes Daihatsu and Hino Motors, etc.

※2 Nissan Group includes Nissan Shatai© FUTABA INDUSTRIAL CO.,LTD. All rights reserved

〈Consolidated〉 FY2024 1Q Percentage of sales by Product Category
Other

12

Other

Suspension 4.5%
Suspension

4.9%
Exhaust/fuel

6.6%
Exhaust/fuel system

7.5%

partssystem parts

30.2%

51.1%

Sales Incl.DS

Sales Excl.DS

1,864

1,127

Unit:：100 Mill JPY

Unit:：100 Mill JPY

Body/interior parts

Body/interior parts

39.5%

55.7%

Compare Sales Incl.DS parts to Sales Excl.DS parts
Exhaust and fuel system parts 51.1％→30.2％（▲20.9pt）
Body and Interior parts
39.5％→55.7％（+16.2pt）© FUTABA INDUSTRIAL CO.,LTD. All rights reserved

Trend in Capital Investment/Depreciation
Capital Investment

Unit：100 Mill JPY

13

Depreciation

400

344
300

296272244

258237

244

306

290
250

227
192

200

1000
FY2019FY2020

FY2021

FY2022

FY2023

FY2024Forecast© FUTABA INDUSTRIAL CO.,LTD. All rights reservedhttps://www.futabasangyo.com/【 Precautions 】
The outlook regarding our company (including consolidated subsidiaries) disclosed in this document is based on information
currently available to our management and is subject to risks and uncertainties. Therefore, we kindly ask you to refrain from solely
relying on these performance forecasts for investment decisions. Please be aware that actual performance may significantly differ
from these performance forecasts due to various important factors. Critical elements that may affect actual performance include
economic conditions surrounding our company, consolidated subsidiaries, and equity method affiliates' business domains, markettrends, and exchange rates, including the USD-to-JPY rate.
All information contained in this document is the property of Futaba Corporation. We kindly request that no reproduction,modification, reprinting, transmission, or any use of this information for any purpose be carried out without prior written consent
from our company, regardless of the means or methods employed.
This document displays some figures in units of 100 million yen for the purpose of providing an overview of our performance. The
original figures are managed in units of million yen and have been rounded for presentation. Therefore, totals, differences, andother amounts shown in this document may appear inaccurate in terms of the hundred million yen digit.