Presentation Material for Financial Results
for the First Quarter of the Fiscal Year Ended
March 31, 2024
DaikyoNishikawa Corporation
August 2023

©DaikyoNishikawa Corporation All rights reserved.

Table of contents

1. 1st quarter FY2023 Financial Results (YoY change)

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2. 1st quarter FY2023 Financial Results (QoQ change)

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3. FY2023 Financial Forecast

P.12©DaikyoNishikawa Corporation All rights reserved.

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1. 1st quarter FY2023 Financial Results (YoY change)©DaikyoNishikawa Corporation All rights reserved.

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1st quarter FY2023 Financial Results (YoY change)◼ Net sales increased due to higher production volume at major customers.
◼ Operating income increased due to the impact of higher sales and cost improvement, despite the impact of surging raw
material and energy costs at all locations.
(Million Yen)FY2022

FY2023

Q1

Q1

YoY change
AmountRate

Net Sales

30,074

37,217

7,143

23.8%

Operating Income-1,241

1,339

2,581－

-4.1%

3.6%

7.7ptsOrdinary Income-1,008

1,749

2,757

－

Profit Attributable toOwners of Parent-1,127

1,150

2,277－

Operating Income Margin©DaikyoNishikawa Corporation All rights reserved.

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Net sales increase or decrease factor (YoY change)（Million Yen）
40,000-1,849129

35,000

1,968

6,894
・Impact of conversion to the Japanese currency：
Americas：Approx. 1.12 billion yen
ASEAN：Approx. 0.33 billion yen
China/Korea：Approx. 0.06 billion yen
・Impact of exchange rate in Central America：
Approx. 0.45 billion yen

30,000・Increase in production volume atmajor customers

25,00037,21720,00015,00030,07410,0005,000

0FY2022 Net sales©DaikyoNishikawa Corporation All rights reserved.

Product sales

Tool sales

Other sales

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Exchange Rate Fluctuations

FY2023 Net sales

Operating income increase or decrease factor (YoY change)（Million Yen）
2,000

1,500-47645

1,00097145500

・Impact of increased sales due tohigher production volume0-500

1,339・Impact of exchange rate
in Central America
・Impact of conversion tothe Japanese currency

378
・Increase in production andoperation efficiency
・Energy conservation activities-1,241

1,361-1,000-1,500
FY2022
Operating Income

Product Mix/Unit Price©DaikyoNishikawa Corporation All rights reserved.

Cost Reductions

Launch costs

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Depreciation
Expenses

Exchange RateFluctuations

Other factors

FY2023Operating Income

External sales by segment (YoY change)◼ In Japan, net sales increased due to higher production volume at major customers, and the increase in sales to strategic OEMs.
◼ In Americas, net sales increased due to higher production volume at customers, and impact of exchange rate.
◼ In ASEAN, net sales increased due to the higher production volume at customers, production transfer from Japan, and impactof convention to the Japanese currency.
◼ In China/Korea, net sales decreased due to lower production volume at customers and sales of molds.
(Million Yen)

Domestic

Overseas

FY2022

FY2023

Q1

Q1

YoY change
AmountRateJapan（Component ratio）

19,431(64.6%)

23,973(64.4%)

4,541

23.4%

Americas

6,390

9,186

2,795

43.7%

ASEAN

2,839

3,465

626

22.1%

China/Korea

1,412

592-819-58.0%

Overseas total（Component ratio）

10,642(35.4%)

13,244(35.6%)

2,601

24.4%

30,074

37,217

7,143

23.8%

Total
©DaikyoNishikawa Corporation All rights reserved.

P.6

Operating income by segment (YoY change)◼ In Japan, operating income increased due to impact of the higher production and change in product mix, as well as decrease indevelopment costs associated with launch in North America in the previous year.
◼ In Americas, operating income increased due to the recognition of development costs in the previous first quarter and recoveryof costs for the impact of the delay in the conversion to the dual-shift operation in this quarter in North America, as well as theimpact of exchange rate in Central America.
◼ In ASEAN, increase due to impact of higher sales and change in product mix.
◼ In China/Korea, operating income decreased due to the impact of lower sales and higher development costs for new car models.
(Million Yen)FY2022

FY2023

Q1Q1

YoY change
AmountRateJapan（Component ratio）-1,158(－)

165(9.5%)

1,324－

Americas-1,493

1,322

2,815－

ASEAN

277

521

243

87.7%

China/Korea

65

-260

-325

－

-1,150(－)

1,583(90.5%)

2,733－

Consolidation adjustment

1,067-409

Operating Income-1,241

1,339

2,581

－

Domestic

Overseas

Overseas total（Component ratio）※FY2022Q1 consolidation adjustments include development costs in North America recorded in FY2021©DaikyoNishikawa Corporation All rights reserved.

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2. 1st quarter FY2023 Financial Results (QoQ change)©DaikyoNishikawa Corporation All rights reserved.

P.8

1st quarter FY2023 Financial Results (QoQ change)
Sales and profits decreased in this quarter compared to the previous fourth quarter.
◼ The previous fourth quarter included the shift of surging raw material and energy costs to prices.
◼ Due to the lower production volume in the first quarter compared to the previous fourth quarter.
(Million Yen)FY2022Q1Q2

FY2023Q3Q4Q1

QoQ change（23Q1/22Q4）
AmountRate

Net Sales30,074

32,93739,618

43,114

37,217-5,896-13.7%

Operating Income-1,241-205

823

4,076

1,339-2,736-67.1%

-4.1%

-0.6%

2.1%

9.5%

3.6%

-5.9pts

Ordinary Income-1,008-171

114

3,929

1,749-2,180-55.5%

Profit Attributable toOwners of Parent-1,127-438-362

2,446

1,150-1,296-53.0%

Operating Income Margin©DaikyoNishikawa Corporation All rights reserved.

P.9

External sales by segment (QoQ change)◼ In Japan, net sales decreased due to the lower production volume at major customers, and the previous fourth quarter
included the shift of surging raw material and energy costs to prices.
◼ In Americas, net sales increased due to the higher production volume at customers, impact of exchange rate, and recoveryof costs for the impact of the delay in the conversion to the dual-shift operation.
◼ In ASEAN, net sales decreased due to the lower production volume at customers and sales of molds.
◼ In China/Korea, net sales decreased due to the lower production volume at customers and sales of molds.
(Million Yen)FY2022
Q1
Domestic

Overseas

Q2

FY2023Q3

Q4Q1

QoQ change（23Q1/22Q4）
AmountRate

Japan(Component ratio)

19,431

25,171

28,06230,291

23,973-6,317-20.9%

Americas

6,390

4,552

7,020

8,072

9,186

1,113

13.8%

ASEAN

2,839

2,373

3,320

3,753

3,465

-288

-7.7%

China/Korea

1,412

839

1,215

997

592-404-40.6%

Overseas total(Component ratio)

10,642

7,765

11,555

12,823

13,244

421

3.3%

Total

30,07432,93739,618

43,114

37,217-5,896-13.7%©DaikyoNishikawa Corporation All rights reserved.

P.10

Operating income by segment (QoQ change)◼ In Japan, operating income decreased due to the impact of the lower sales and the previous fourth quarter included the shift ofsurging raw material and energy costs to prices.
◼ In Americas, operating income increased due to recovery of costs for the impact of the delay in the conversion to the dual-shiftoperation, and impact of exchange rate.
◼ In ASEAN, despite the lower sales, operating income increased due to price pass-through and changes in product mix.
◼ In China/Korea, net sales decreased due to the lower sales of molds and the lower production.
(Million Yen)FY2022Q1Q2

FY2023
Q3Q4

Q1

QoQ change（23Q1/22Q4）
AmountRateJapan（Component ratio）-1,158

296

1,056

3,904

165

-3,738-95.7%

Americas-1,493-585

-465

-206

1,322

1,529－

ASEAN

277

218

411

127

521

393

307.5%

China/Korea

65-50-19-76-260-183－-1,150-418-73-155

1,583

1,738

－

Consolidation adjustment

1,067

-83

-159

327-409

Operating Income-1,241-205

823

4,076

1,339

-2,736-67.1%

Domestic

Overseas

Overseas total（Component ratio）※FY2022Q1 consolidation adjustments include development costs in North America recorded in FY2021©DaikyoNishikawa Corporation All rights reserved.

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3. FY2023 Financial Forecast©DaikyoNishikawa Corporation All rights reserved.

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FY2023 Financial Forecast
Revised forecasts for FY2023 for both the first half and the full year
Thefirsthalf◼ Net sales are expected to decrease in each segment except ASEAN due to the lower production than expected in the first quarter.
◼ Operating income is expected to increase due to changes in product mix and the impact of exchange rate in Central America.
◼ Ordinary income is expected to increase due to the impact of the higher operating income, as well as foreign exchange gains arisingfrom dividends received in the first quarter.

The full ◼ In addition to the revision of the first half, the revision considers the impact of surging raw material prices on manufacturing costs
and the status of production volume in China, etc.
year

(Million Yen)

Net Sales

FY2022

FY2023（announced on May 11）

FY2023（announced on August 8）

ActualFirst Half
Forecast

First Half
Forecast

Full Year
Forecast

Full Year
Forecast

Forecast DifferenceFirst Half

Full Year145,744

79,000163,000

76,000160,000-3,000-3,000

Operating Income

3,453

2,300

8,200

3,200

8,300

900

100

Operating Income Margin

2.9%

2.9%

5.0%

4.2%

5.2%

1.3pts0.2ptsOrdinary Income

2,864

1,700

7,200

3,100

7,700

1,400

500

518

900

4,800

2,000

5,000

1,100

200

Profit Attributable toOwners of Parent©DaikyoNishikawa Corporation All rights reserved.

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Capital Investment, Depreciation and R&D Expenses≪Capital Investment≫≪Depreciation≫≪R&D Expenses≫

Decrease because large investments in theHeadquarters, the Honsha Plant and North
America peaked out

Increase in depreciation expenses dueto the start in North America

Continuing research and development tocreate products that exceed the expectationsof society and customers※FY2023: Plan(Billion Yen)30

※FY2023: Plan(Billion Yen)

※FY2023: Plan(Billion Yen)

4・Related to Headquarters, theHonsha Plant and North America

1425

・Related toNorth America

12.3

123

2.8

102081525

26

10
17

16.5

7.7

16.3

5・Settle down tonormal levels

9.5

10.7

10.5

10.8

11.8

42.7

0
FY18

FY19

FY20

FY21

FY22

©DaikyoNishikawa Corporation All rights reserved.

FY232.410.903.02.962.628.23.00.60
FY18

FY19FY20P.14

FY21FY22FY23FY18FY19FY20FY21FY22FY23

Dividend◼ Annual dividend forecast for FY2023 remains 30 yen per share
Dividend per share（Yen）

4034

End of period

30303030301517151515171513151515

FY2018FY2019FY2020

FY2021

FY2022

FY202330172010

Interim of period0（Plan）

Payout Ratio
FY2018FY2019FY2020

FY2021

FY2022

FY2023

23.2%

43.3%

83.9%

－411.2%42.7%©DaikyoNishikawa Corporation All rights reserved.

P.15（Plan）

［Important Information］
This presentation material contains certain statements describing the future plans, strategies and performance of
DaikyoNishikawa Corporation and its consolidated subsidiaries. These statements are not based on historical orpresent fact, but rather assumptions and estimates based on information currently available. These future plans,strategies and performances are subject to known and unknown risks, uncertainties and other factors.
DaikyoNishikawa Corporation’s actual performance, business activities and financial position may differ materiallyfrom the assumptions and estimates provided on account of the risks, uncertainties and other factors. The
information contained on this presentation should not be considered as an offer, or solicitation, to deal in any of theinvestments or funds.

Contact
DaikyoNishikawa Corporation
Public Relations and Branding Promotion Department
Phone: +81-82-493-5610©DaikyoNishikawa Corporation All rights reserved.

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