Supplementary Material on Financial Results

Consolidated Financial Results
for the Nine Months
Ended December 31, 2021
February 4, 2022
SHIBAURA MACHINE CO., LTD.

Consolidated Financial Results
Overview for the Nine Months
Ended December 31, 2021
1) Main points of financial results2) Comparison with same period ofprevious year2

Main points of financial results for
Q3(cumulative) FY2021

Increased net sales and profits year on year
◼ Orders received• Demand is robust and orders increased remarkably year on year inall segments mainly in Japan, U.S. and China.
• Along with the expansion of demand for EV related capital
investment, the number of orders received for LiB separator film
production lines increased significantly.
◼ Net sales• Net sales increased year on year mainly with metal & plastics
industrial machine segment.
◼ Operating profit, ordinary profit, quarterly net profit• Profits increased year on year due to an increase of sales volume
and improved plant operation capacity.
◼ Negative factor and risk factor• Difficulty in procuring parts, increasing cost of raw materials,
container shortage, increasing logistics cost, and spread of COVID19.
3

Summary of Business Results(Comparison with same period of previous year)(For reference)(Unit: 100 million yen)

Q3(cumulative)
FY2021(New criteria)(A)

Q3(cumulative)
FY2020(Former criteria)(B)

Change(A-B)

Q3(cumulative)
FY2021(Former criteria)(C)

Change(C-B)

Net Sales

781

644+137

772+128

Operating profit

30-1+31

28+29

3.9%

- 0.2%+4.1pt3.6%+3.8pt31-3+34

29+32

4.0%

- 0.6%+4.6pt3.7%+4.3pt21-8+29

19+27

2.8%- 1.4%

+4.2pt2.5%+3.9pt647+556

Profit ratio
Ordinary profit

Profit ratio
Quarterly net profit
attributable toowners of parent

Profit ratio
Orders received

1,203

Exchange rate (USD)

115

yen

104yen* Revenue recognition criteria was changed from Q1 FY2021.
Figures shown in this material for FY2020 and before are based on the conventional
revenue recognition criteria and the figures for Q1 FY2021 and after are based on the newcriteria.

4Orders Received (Segment)(Unit: 100 million yen)

Metal & plastics industrial machine
structural ratio+556（+85.8%）
1,203

1,350

7

1,200

74
1,050－3（－24.9%）

226

900

647
750

Others 10

Control systems
600

Machine Tools

39119

1500

Metal &plastics
industrial
machine

478

Q3/20

cumulativeQ3/21

cumulative

cumulative+35（+86.4%）
Injection

Extrusion38%+107（+89.0%）

450

300

Q3/20

895+417（+87.3%）

Q3/21

cumulative

5

47.8
478億円
billionyen

Injection
46%

Extrusion
52%

89.5
895億円
billionyen

35%

Die Casting

Die Casting

16%

13%

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

Large orders received for
LiB separator film productionlines for EV in China

600597
3 2278500

341
4003004 15238

52

6 21

200

270

10049470

175

Q4/20(1-3/21)

Q1/21(4-6/21)

1335

Control systems

3 23157

計Others271

54

Metal & plastics
industrial machine
structuralOthers
ratio

Machine tools

Metal &plastics
industrialmachine

2978

226

0

Q3/20
(10-12/20)

Q2/21(7-9/21)Q3/21(10-12/21)

Extrusion
29%

22.6
billionInjection
226億円
yen
55%
Die Casting16%

Q3/21(10-12/21)

Current status of orders received➢➢➢➢➢[Injection]

Demand of electric large- and medium-sized injection molding machines in North America increaseson the back of the decarbonization.
Demand is strong in automobile, medical and container areas.
[Extrusion]
Demand is expanding for LiB separator film production lines for EV in China.
[Machine tools] Demand increases in industrial machines in Japan and in energy-related areas such as the wind
power generation in China.
[Precision]
Demand of dies for the optical areas in China is robust.
[Control]
Demand increases in electronic control systems in Japan and is strong in robots for smartphone
in China.

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

Metal & plastics industrial machine
structural ratio+137（+21.3%）
781

10644730

OthersControl systems
580

1653－6（－37.9%）+14（+24.8%）

67
164

Q3/20

+20

Machine tools 144

cumulative

Injection（+14.1%）

Die Casting
Extrusion
Extrusion

Extrusion

430

29%

+110

280
Metal &plastics
industrialmachine（+24.6%）

44.5
445億円
billionyen

555

Die Casting

445

19%

130

Adjusted
amount△ 20

Q3/21

cumulativeQ3/20

cumulativeQ3/21

cumulative734%

Injection
52%

55.5

555億円
billionyen

Die Casting
19%

Injection
47%Trends of Net Sales (Segment)(Unit: 100 million yen)

成形機

281
300

221
5200

1640281
255

42064

工作機械
制御機械

245

332322Others52

Controlsystems

22Machine tools

55

57

4その他
調整

Metal & plastics計
industrial machine
structural ratio

Extrusion

100164

196

208

176

Metal &plastics
industrial
machine

19%

171
Die Casting-4-3-4-4-7

Q3/20(10-12/20)

Q4/20(1-3/21)Q1/21(4-6/21)

Q2/21(7-9/21)Q3/21(10-12/21)

8yen

24%

Adjustedamount
017.1

171億円
billionQ3/21(10-12/21)

Injection

57%

Operating Profit (Segment), Ordinary Profit,
Quarterly Net Profit(Unit: 100 million yen)+31（ － ％）30

32

Controlsystems

271 Others

22217-1

27

12 Others

17
Metal & plastics
industrial machine
2

Metal &plastics
industrialmachine

9Others+0(+23.2%)

Quarterly net profit+34（ － ％）+29（ － ％）30

Controlsystems+320

Machinetools+10103121(－%)-0- 10-1

Q3/20 Q3/21

Metal &plastics
industrialmachine

0-3+18(+ 3.1times)- 10

Q3/20 Q3/21
cumulative cumulative

cumulative cumulative－ 18

Ordinary profit(－%)

Machine tools－3
Machinetools－8Controlsystems－ 13(Unit: 100 million yen)

9-8

Q3/20 Q3/21

cumulative cumulativeMetal & plastics industrial Machine
Segment Results(Unit: 100 million yen)

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

Q3/21
cumulativeQ3/20
cumulative

ChangeamountChangerate

Net Sales

555

445+110+24.6%

Operating profit

27

9+18+3.1 times

Profit ratio

5.0%

2.0%

―+2.9pt

Q3/21 (cumulative) Results factor analysis＋Positive factor➢ [Injection] Demand is robust in medical and container areas.
➢ [Die casting] Demand increases in automobile area in China.
➢ [Extrusion] Demand increases for LiB separator film productionlines for EV in China.

-Negative factor➢ Difficulty and increasing cost of procuring parts including
semiconductors, stagnant distribution, and increasing costs

10Machine Tools Segment Results(Machine tools, high-precision machine tools, etc.)(Unit: 100 million yen)Q3/21
cumulativeQ3/20
cumulative

Net Sales164

144+20+14.1%

Operating profit-0-10+10―-0.2%-7.0%―+6.8pt

Profit ratio

ChangeamountChangerate

Q3/21 (cumulative) Results factor analysis＋Positive factor➢ [Machine tools] Showing robustness in industrial machines andwind power generation in China.
➢ [Precision]
Robust in lens dies for automobile and smartphone
in China and Taiwan.

-Negative factor➢ [Machine tools] Decreasing sales for industrial machines in Japan.
➢ Increasing cost of procuring parts and the impact of COVID-19.

11

Control Systems Segment Results(Industrial robots, electronic control systems, etc.)(Unit: 100 million yen)Q3/21cumulativeQ3/20cumulative

Net Sales

6753+14+24.8%

Operating profit

2-1+3―

3.3%

-2.3%

―

+5.6ptProfit ratio

ChangeamountChangerate

Q3/21 (cumulative) Results factor analysis＋Positive factor➢ Increase of sales of electronic control systems in Japan.
➢ Robust demand for robots for smartphone in China.

-Negative factor➢ Difficulty and increasing cost of procuring parts including semiconductors.

12Ordinary Profit Analysis(Unit: 100 million yen)
*SG&A: selling, general and administrative expenses

Improved plant
operation capacity

Grossprofit ratio+17*SG&A-22

Foreignexchange

Sales
volume+8+30

Q3/20

Increasing expenses
linked with volume

始高Other低+1

終

Q3/21

cumulative+34

cumulative

Ordinary（－%）

Ordinary

profitprofit-33113

Domestic and Overseas Sales(Unit: 100 million yen)

+182

260

53%

[Control] increased[Injection][Extrusion][Machine tools]
decreased➢ China339：[Injection][Die Casting][Extrusion][Machine tools][Precision] increased

Overseas ratio➢ Southeast

Q3/20cum Q3/21cum Q3/20cum Q3/21cum

Overseas：[Injection] increased：[Injection][Die casting] increased

Asia

67%

➢ India
Domestic：521-45305➢ Domestic➢ North America ：& Mexico[Machine tools] increased[Injection] decreased

Sales by overseas region

25613262323 2033 442757110 111
573Q/20cum Q3/21cum 3Q/20cum Q3/21cum 3Q/20cum Q3/21cum 3Q/20cum Q3/21cum 3Q/20cum Q3/21cum 3Q/20cum Q3/21cum 3Q/20cum Q3/21cum

China

Taiwan

Korea

Southeast Asia

14India

North America& Mexico

Europe andothers

Sales and Ratio in Overseas Market (Segment)(Unit: 100 million yen)Overseas sales by segment

（75%）
（60%）

（Overseas ratio）

416

Overseas sales ratio
Q3/20cum.：53％
Q3/21cum.：67％

268
（55%）
（38%）

55
Q3/20 Q3/21（9%） （1%）

（33%）
（28%）

89

13

15

1

Q3/20 Q3/21

Q3/20 Q3/21

Q3/20 Q3/21

0cumulative cumulative

cumulative cumulative

Metal & plastics
industrial machine

cumulative cumulative

cumulative cumulative

Machine tools

Control systems

OthersInjection

Metal & plastics industrial machine by product*The bar graph shows amounts.

（Overseas ratio）（76%） （81%）

Extrusion
Die Casting（32%） （70%）（60%） （68%）

Q3/20cumulativeQ3/21

cumulativeQ3/20

cumulativeQ3/21

cumulative

15

Q3/20

cumulativeQ3/21

cumulative

射出
ダイカスト
押出Balance Sheet(Unit: 100 million yen)

Assets
1,557

1,342

Cash equivalents

+49

424

-62

276+203

Fixed assets

1,557
+57

233

176 -5Loanspayable 143+17
Advance53
received
1
Others 150 +6138

771

315

+3318

Others 36+2258

End of Mar. '21

1,342

224
156

Shareholders'equity494

Inventory

Net assets

Tradeaccounts
payable214

Trade accounts
receivable

291

473

Liabilities-26745

Othercomprehensive
income49

End of Dec. '21

End of Mar. '21

End of Dec. '21

End of Mar. '21 End of Dec. '21

Equity ratio

61.2%

51.8%

D/E ratio

17.5%

17.2%

1661

Dividend from retainedearnings
Opening balance ofretained earnings
decreased.
(New revenue
recognition criteria isapplied.)Forecast of Consolidated
Financial Results for the Year
Ended March 31, 2022
1) Business results forecast2) R&D expenses, and capital expenditureand depreciation expenses
3) Dividend forecast

17FY2021 Summary of Business Results
forecast
FY2021 summary of business results forecast has not been changed
from it announced on Nov. 9, 2021.
(Unit: 100 million yen)

FY2021 Forecast(Nov. 9, 2021)

FY2020 Results

ChangeNet Sales

1,130926+204

Operating profit

433+40

3.8%0.4%+3.4pt

388+303.4%

0.9%+2.5pt

28- 28+56

2.5%- 3.1%+5.6pt

886+664

Profit ratio
Ordinary profit
Profit ratio
Net profit attributableto owners of parent

Profit ratio

Ordersreceived
Exchange rate(USD)

1,550
107

111yen18yen

R&D expenses, and Capital expenditureand Depreciation expenses
Capital expenditureR&D expenses(Unit: 100 million yen)

(Unit: 100 million yen)3528302524

Depreciation expense(Unit: 100 million yen)

35353030232522202015171825201518181715

Q3
cumulative
result

Q319

10

Q3

Cumulative
result101514555000

FY2019FY2020 FY2021 Plan

Cumulative
result10FY2019

FY2020 FY2021 Plan

19FY2019

FY2020 FY2021 PlanDividend forecast
Dividend forecast recently announced remains the same without change.
Dividend decision policy
We set a basic policy to maintain stable dividends and share profits according tobusiness results while strengthening our management structure with the aim ofincreasing profitability.
We will utilize retained earnings to make effective investments in production
equipment, technology development, overseas business operations and otherpurposes based on strategic decisions on future business direction to achieve
ongoing corporate evolution, and at the same time to realize reasonable return ofprofits to our shareholders on a continual basis.
Interim
FY ended
March 2020
FY ended
March 2021
FY ended
March 2022
(forecast)*142.50 yen

Year-end*142.50 yen

Full-year

85.00 yen
*2Dividend payoutratio(consolidated)

28.0%

37.50 yen

37.50 yen

199.30 yen－37.50 yen

37.50 yen

75.00 yen

64.7%

*1 The interim dividend and the fiscal year-end dividend for FY ended March 2020 include a memorial dividend of 5.00
yen, respectively.
*2 We provided a special dividend in a total amount of about 3 billion yen (124.30 yen per share) as at the record date on
June 30, 2020 and the Full-year dividend for FY ended March 2021 includes the special dividend of 124.30 yen.

20

Corporate Group (Our company and22 subsidiaries including 13 consolidated subsidiaries)

There is no change in the corporate group from FY2020.
Overseas manufacturing companies: 3Shibaura Machine(Metal &plastics industrial machine, machine
tools, control systems and others)

Domestic manufacturing
companies: 2(Machine tools and control systems)
Fujiseiki Corporation(Control systems) Toei Electric(Metal &plastics industrial machine and control systems)

SHIBAURA MACHINE (SHANGHAI) CO., LTD.

(Metal &plastics industrial machine)
SHIBAURA MACHINE MANUFACTURING(THAILAND) CO., LTD.
(Metal &plastics industrial machine and machine tools)

SHIBAURA MACHINE INDIA PRIVATE LIMITED

Domestic sales/service
companies and others: 3

Overseas sales/service
companies: 5(Metal &plastics industrial machine and others)

Shibaura Machine Engineering(Others) Shibaura Semtek(Others) Shibaura Sangyo
Those companies within the red box are consolidated companies.

(Nonconsolidated subsidiaries)
Overseas sales companies: 8
Other company whose shares heldby Shibaura Machine: 1(Metal &plastics industrial machine, machine
tools, and control systems)
SHANGHAI SHIBAURA MACHINE CO., LTD.

(Metal &plastics industrial machine andmachine tools)
SHIBAURA MACHINE COMPANY, AMERICASHIBAURA MACHINE SINGAPORE PTE.LTD.
SHIBAURA MACHINE（THAILAND）CO., LTD.

(Metal &plastics industrial machine)
SHIBAURA MACHINE（SHENZHEN）CO., LTD.

21

SHIBAURA MACHINE CO., LTD.
2-2, Uchisaiwaicho 2-Chome, Chiyoda-ku, Tokyo 100-8503, Japan
TEL: 81-(0)3-3509-0444
FAX: 81-(0)3-3509-0333
URL: https://www.shibaura-machine.co.jp/en/