Consolidated Financial Results
for the Nine Months
Ended December 31, 2022
DaikyoNishikawa CorporationFebruary, 2023
©DaikyoNishikawa
2014年8月 Corporation All rights reserved.

Table of Contents

1. Financial Results

Page 2

2. Financial Forecast for Fiscal 2022

Page 8©DaikyoNishikawa Corporation All rights reserved.

P.1

1. Financial Results©DaikyoNishikawa Corporation All rights reserved.

P.2

Consolidated Profit and Loss Statement-Net sales increased due to recovery in production volume at customers, increased moldsales in North America, and the impact of the Japanese currency translation, despite theimpact of the global semiconductor shortage.
-Operating loss due to the cost burden at the new U.S. plant mainly caused by the delay incustomers' two-shift operations, and the impact of surging raw material and energy prices.
(Millions of Yen)

Nine Months Ended
Dec. 31, 2021

Nine Months Ended
Dec. 31, 2022

Net Sales

84,533

102,630

18,096

21.4%

Operating Income-2,336-623

1,713

－

Ordinary Income-2,058-1,064

994－

Profit Attributable toOwners of Parent-2,166-1,928

238－

Operating Profit
Margin－－－－Net Income per
Share-30.52yen-27.14yen

3.38yen－©DaikyoNishikawa Corporation All rights reserved.

P.3Changes(Y on Y)

Changes(%)

Net sales increase or decrease factor(Millions of Yen)
120,000

173

864

100,000

4,014

13,044
Effect oftranslation intoJapanese yen

80,000
Increase in production
at customers

60,000102,630

84,53340,00020,0000
2022年3月期
売上高

製品売上©DaikyoNishikawa Corporation All rights reserved.

要具売上

その他売上

P.4

為替影響

2023年3月期
売上高

Operating income increase or decrease factor(Millions of Yen)

Increase in depreciation expenses
due to start of mass production atnew plant in the U.S.

5000854-570-623-500-366

87

為替影響

その他費用

-1,000-2,336-1,5001,310
increased
production-2,000398

Productivity improvement,
energy-saving activities, etc.

-2,5002022年3月期
営業利益

台数・製品構成

コスト改善©DaikyoNishikawa Corporation All rights reserved.

ローンチ費用P.5

減価償却費

2023年3月期
営業利益

Sales by Segment-Net sales increased due to changes in production volume and vehicle mix in the Japan
segment, as well as the start of operations of a new plant in the U.S. in the Americas
segment and the impact of the Japanese currency conversion.
(Millions of Yen)

OverseasDomestic

Nine Months
Ended
Dec. 31, 2021

Nine Months
Ended
Dec. 31, 2022

Changes(Y on Y)

Changes(%)(component ratio)

62,884(74.4)

72,666(70.8)

9,782（-3.6Pts）

15.6%

China/Korea

4,195

3,467

-728

-17.4%

ASEAN

6,813

8,533

1,720

25.2%

Americas10,64017,963

7,323

68.8%

Overseas TTL(component ratio)

21,649(25.6)

29,963(29.2)

8,314（3.6Pts）

38.4%

Total

84,533

102,630

18,097

21.4%

Japan

©DaikyoNishikawa Corporation All rights reserved.

P.6Operating Income by Segment-Despite the effect of increased sales and cost improvement, operating loss was recorded
due to the cost burden of the new plant in the U.S. caused by the delay of customers' twoshift operations, as well as the impact of soaring raw material and energy prices.
(Millions of Yen)

Overseas

Domestic

Nine Months
Ended
Dec. 31, 2021

Nine Months
Ended
Dec. 31, 2022

Changes(Y on Y)

Changes(%)(component ratio)

-694
(－)

194(－)

888(－)－

China/Korea

171-4-175

－

ASEAN

165

907742449.7%

Americas-1,624-2,544-920－

Overseas TTL(component ratio)-1,287(－)-1,641(－)-354(－)－Total-1,982-1,447535－Japan©DaikyoNishikawa Corporation All rights reserved.

P.7

2. Financial Forecast for Fiscal 2022

©DaikyoNishikawa Corporation All rights reserved.

P.8

FY2022 Forecast
No amendment from our announcement on November 14, 2022.
-Although the downward swing in production due to semiconductor supply shortages and other factors
are on a recovery trend, conditions remain challenging due to soaring raw material and energy
costs.
(Millionsof Yen)
-While promoting price negotiations, the entire company is working to achieve the target by promoting
cost improvement measures.
(Millions of Yen)FY2022
Forecast

FY2021 Result[as of Nov. 14, 2022][Reference]

Changes(%)

Net Sales

144,000

116,669

23.4%

Operating Income

2,600-2,632－

Ordinary Income

2,400-985－

Profit Attributable toOwners of Parent

400-2,085－

Operating Profit Margin

1.8%

-2.3%

－

Net Income per Share

5.63yen-29.37yen－©DaikyoNishikawa Corporation All rights reserved.

P.9

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

Decrease due to peak-out of large
investments in head office/headquarter
plant and new U.S. plant, etc.

Increase in depreciation expenses due
to start-up of new plant in the U.S.

※FY2022: Plan

※FY2022: Plan

35

(Billions of yen) Increased investment

related to headquarters,
headquarters plant and new
U.S. plant

30

25.0

25

16
(Billionsof yen)

（Initial plan）

10.7 10.5 10.7

10
16.4

15

16.4

17.0

16.3

7.2

5

9.0

3

3.0

3.0

3.0

2.96

2.6

8.6

2.6

2.78
（Initial plan）

Return to normal
levels due to a roundof investment411.7

9.5

13.1

10

※FY2022: Plan

511.9

1220

Continuing research and development tocreate products that exceed theexpectations of society and customers(Billions of yen)

Increase indepreciation ofnew U.S. plant

14≪R&D Expenses≫

2

10.6

6

9.3

44.60

©DaikyoNishikawa Corporation All rights reserved.

1200

P.10

1.9

Dividend-Basic policy is to pay stable and continuous dividends, and the interim dividend
is 15yen per share as forecasted.
-Maintain annual dividend of 30yen per share for the fiscal year.
(Yen)
4035302520151050Dividends per share
3434181730303015171530（Plan）
15（Plan）

161715131515

FY2017FY2018FY2019FY2020

FY2021

FY2022■Interim of period■End of period

Payout Ratio
FY2017FY2018FY2019FY2020

FY2021

FY2022

19.3%

23.2%

43.3%

83.9%

－532.9%©DaikyoNishikawa Corporation All rights reserved.

P.11（Plan）

Important Information
This presentation material contains certain statements describing the future plans, strategies
and performance of DaikyoNishikawa Corporation and its consolidated subsidiaries. Thesestatements are not based on historical or present 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 otherfactors. The information contained on this presentation should not be considered as an offer, orsolicitation, to deal in any of the investments or funds.

Contact
DaikyoNishikawa Corporation
PR/Branding Promotion Department
Phone: +81-82-493-5610©DaikyoNishikawa Corporation All rights reserved.