Financial Results
for the Third Quarter ofthe Fiscal Year Ending March 2020
February 12, 2020

ＣＫＤ Ｃｏｒｐｏｒａｔｉｏｎ
Ticker Code 6407

Contentsthe Third Quarter of the Fiscal Year Ending March 2020

■ Summary of Financial Results■ Investments

2

Copyright 2019 CKD Corporation

Summary of Financial Results■ Results
・ Year-on-year declines in net sales and income■ Earnings Forecast• the Full-Year Forecast
Downward revision of net sales
Upward revision of income
3

Copyright 2019 CKD Corporation

Management Results(Unit: one hundred million yen)

Year-on-year
3rd Quarter
3rd Quarter
FY Ended March FY Ending March
Amount change% change
2020
2019895731 －

164 －

18%

Automatic machinery

117

108 －

9 －

8%

Components

778

622 －

155 －

20%

Operating income

42

32 －

10 －

24%

Consolidated net sales(Operating income ratio)(4.7%)(4.3%)

Ordinary income

42

31 －

10 －

25%

Net income

29

20 －

8 －

29%

4Copyright 2019 CKD Corporation

Financial Status(Unit: one hundred million yen)

At the end ofMarch, 2019

At the end ofDecember, 2019Year-on-year
Amountchange% change

Current assets

834824−10−1%

Fixed assets

535526−10−

2%

Total assets1,370

1,350−

20−1%

Current liabilities

373364−9−2%

Fixed liabilities

192168−24−

12%

Total liabilities

565532−33−6%

Total net assets

804818 ＋

14＋2%＋

1.9%

Capital adequacy ratio

558.6%

60.5%－Copyright 2019 CKD Corporation

Consolidated Net Sales and Operating Income(Unit: one hundred million yen)

Operatingincome ratio
Net sales

FY18/3
6

FY19/3

FY20/3OperatingincomeCopyright 2019 CKD Corporation

Factors of Changes in Operating Income(Unit: one hundred million yen)

Decrease
Variation Decreasein net sales in cost rate in SG&A
expenses

Exchange rate

7Fluctuationin exchange
rate

FY19/3 3Q

FY20/3 3Q¥111 (¥/$)¥16.6 (¥/CNY)¥109 (¥/$)¥15.6 (¥/CNY)
Copyright 2019 CKD Corporation

Domestic and Overseas Sales(Unit: one hundred million yen)Overseas

sales ratio
Domesticsales
Overseas
sales
Exchangerate
（¥/$)

8

¥111

¥111

¥112

FY18/3

¥111

¥109

¥110

¥111

FY19/3

¥111

¥110

¥109

¥109

FY20/3Copyright 2019 CKD Corporation

Components: Domestic and Overseas Sales(Unit: one hundred million yen)Overseas

sales ratio
Domestic
sales

Exchangerate（¥/$)

9Overseassales
¥111

¥111

¥112

FY18/3

¥111

¥109

¥110

¥111

FY19/3

¥111

¥110

¥109

¥109

FY20/3Copyright 2019 CKD Corporation

Automatic Machinery: Achievement Changes(Unit: one hundred million yen)Segment
margin ratio
Segment
marginNet sales

1Q

10

Industrymachinery

－－

2Q
3Q
FY18/3

4Q

1Q

2Q
3Q
FY19/34Q

1Q

2Q
FY20/3

3Q
Packagingmachinery

Copyright 2019 CKD Corporation

Automatic Machinery: Orders Received and Changes in Order Backlog(Unit: one hundred million yen)Orderbacklog
Net sales
Industrymachinery

FY18/3
11FY19/3

FY20/3

Packagingmachinery

Copyright 2019 CKD Corporation

Automatic Machinery: Forecast of Orders Received
FY20/3
2nd half forecast
Full year forecast

Orders received
7.5 billion yen
17.0 billion yen(Unit: one hundred million yen)Orderbacklog
Net sales
Industrymachinery
Packagingmachinery

FY18/312

FY19/3

FY20/3Copyright 2019 CKD Corporation

Automatic Machinery: Outlook of Performance
FY20/3
2nd half Forecast
Full year Forecast

Sales
8.6 billion yen
15.3 billion yen

Segment margin
1.6 billion yen
2.7 billion yen(Unit: one hundred million yen)Segment
margin ratio
Segment
marginNet sales－Industrymachinery－
4Q
FY18/313

FY19/3

FY20/3

Forecast

Packagingmachinery

Copyright 2019 CKD Corporation

Components: Achievement Changes(Unit: one hundred million yen)Segment
margin ratio
Segment
marginNet sales
Pneumatic
components

1Q

2Q

3Q

FY18/3
144Q

1Q

2Q

3Q

FY19/3

4Q

1Q

2Q

3Q

Fluid
control
components

FY20/3Copyright 2019 CKD Corporation

Components:
Results of the 3rd Quarter and Prospects of the 4th Quarter by Market*Compared with Year-on-Year results
Full yearforecast（May 15）

1Q results

2Q results

1st halfresults

3Q results

83787978

90

Automobile

100

85

8685

81

Machine tool

88

7876

77

64

102

9992

95

87

Flat-panel display(FPD)

88

70

80

75

99

Rechargeable battery

102

91

71

81

76

90

80

80

80

87

1Q results

2Q results

3Q results

4Q forecasts(109 ¥/$)(109 ¥/$)

1st halfresults(109 ¥/$)(105 ¥/$)85

80

7276

77

104

92

90

91

99

(Including Europe and Americas)

87

82

77

80

82

Compared with Year-on-Year results（100～10990～99

Main Industries in Japan
Semiconductor

MedicalTotal

Main areas overseas

Full yearforecast（May 15）(110 ¥/$)

East Asia
Southeast Asia
Total15110～(109 ¥/$)

4Q forecasts

80～89～79）

Copyright 2019 CKD Corporation

Components: Earnings Forecasts(Unit: one hundred million yen)

FY20/3
2nd half forecast
Full year forecast

Sales
43.0 billion yen
83.8 billion yen

Segment margin
4.0 billion yen
6.1 billion yen

Segment
margin ratio
Segment
marginNet sales
Pneumatic
components
Fluid control

FY18/316

FY19/3

FY20/3

Forecast components

Copyright 2019 CKD Corporation

Total Company Earnings Forecasts(Unit: one hundred million yen)

FY20/3
2nd half forecast
Full year forecast

Sales
51.6 billion yen
99.0 billion yen

Operating income
3.6 billion yen
4.7 billion yen

Operatingincomeratio
Net sales
Operatingincome

FY16/317

FY17/3

FY18/3

FY19/3

FY20/3
Forecast
Copyright 2019 CKD Corporation

Revision of Earnings Forecasts(Unit: one hundred million yen)

1st half

2nd half
Previous
Forecast(Nov 12)ResultRevised
Forecast（Feb 12)Full year
Changes

PreviousForecast(Nov 12)

Revised
Forecast Changes（Feb 12)

Consolidated net sales

474

521

516

99%

99599099%

Automatic machinery

66948692%

16015395%

Components

408427430

101%835838100%

Operating income

111436257%

2547188%

Ordinary income

111436256%

2547190%

Net income

71024236%

1730175%

Revision in Previous Forecast (Nov 12)

18

Consolidated net sales

decreased -0.5 billion yen to 99.0 billion yen

Operating income

increased +2.2 billion yen to 4.7 billion yen
Copyright 2019 CKD Corporation

Total Company Earnings Forecasts(Unit: one hundred million yen)

FY19/3ResultConsolidated net sales

FY20/3 Revised Outlook (Feb 12)

1H
Result2HForecast

Full year
ForecastYear-on-year Year-on-year
Amount%changechange

1,157

474

516990

− 167

− 14%

Automatic machinery

1606686

153−

8− 5%

Components

996408430838

− 159

− 16%

54

1136

47−

7− 13%( 4.7%)( 2.4%)( 7.0%)( 4.7%)

14111627＋ 13＋ 89%( 8.9%)( 16.0%)( 18.4%)( 17.4%)86214061− 25− 29%

( 8.6%)( 5.1%)( 9.3%)( 7.3%)

Ordinary income

54

1136

47−

7− 13%Net income

48

72330

− 18− 37%

Operating income(Operating income ratio)
Automatic machinery（Segment margin）
Components（Segment margin）

19

Copyright 2019 CKD Corporation

Investments

20

Copyright 2019 CKD Corporation

Investments
Investments in plant and equipment(Unit: one hundred million yen)

FY16/3 FY17/3 FY18/3 FY19/3 FY20/321

Depreciation costs(Unit: one hundred million yen)

FY16/3 FY17/3 FY18/3 FY19/3 FY20/3

Copyright 2019 CKD Corporation

Investments
R&D Investments(Unit: one hundred million yen)

FY16/322

FY17/3 FY18/3

FY19/3 FY20/3

Copyright 2019 CKD Corporation

[Attention in regard to the handling of this material]
Notice about the future's perspective
The earnings outlook described in this document and the future's prediction are expectations judged according to the acquisition of present
information available to CKD, and potential risk and uncertainty are present. Therefore, be advised that there is a possibility that the actual
achievements will differ greatly from our perspective depending on changes in various factors described for the future.
About processing of the figures
Totals of the breakdown may not parallel with the total because a fraction less than a unit is rounded up for the mentioned price, and the ratio isthe calculated from the yen unit and result rounded up.
Copyright 2019 CKD Corporation