Jan 22,2024
NACHI-FUJIKOSHI CORP.

OutlineBusiness Results for FY2023

2~7

Business Forecast for FY2024

8 ~16

Business Strategy

17~20





Business Results for FY2023

FY2023(Billions of JPY)

FY2022
Actual (A)FY2023
Actual (B)Net Sales

Increase/
Decrease(B) – (A)㸩㸣  㸩

OperatingProfit㸣 

㸣㸫㸣㸫

OrdinaryProfit㸣 

㸣 㸫㸣㸫

Profit attributable toowners of the parent㸫㸣  㸫

Exchange rate
㸦JPY/1USD㸧㸦JPY/1EUR㸧㸦JPY/1CNY)

 -3<GHSUHFLDWLRQ
-3<GHSUHFLDWLRQ-3<GHSUHFLDWLRQCash Dividends
per share (JPY)㸫

Consolidated Financial Data

FY2023(Billions of JPY)

FY2022
Actual (A)FY2023
Actual (B)Increase/Decrease(B) – (A)

ROE

㸣

㸣㸫SW

Total Assets㸩㸣 

㸣 㸩 

㸩

Facility Investment㸫

Depreciation andAmortization㸩

Number of Employees(persons)





㸫

Sales by Business Segment and Region

FY2023

Stockholder’s Equity(Stockholder’s Equity ratio)

Interest-bearing Debts(Net D/E ratio)(Sales by Business Segment)(Sales by Region)(Billions of JPY)

㻞㻡㻜

&XWWLQJ 7RROV0DFKLQH7RROV㻞㻜㻜

5RERWV<WR< 㸫㻞㻡㻜  㸫
$PHULFDV(XURSH㻞㻜㻜 <WR< 

 㸫$6($1 DQG RWKHUV 
㻝㻡㻜%HDULQJV㻝㻜㻜+\GUDXOLF(TXLSPHQW㻡㻜

&KLQD
 㸫

㻝㻜㻜

-DSDQ

 㸫$XWRPRWLYH+\GUDXOLFV 㻡㻜  㻲㼅㻞㻜㻞㻞㻲㼅㻞㻜㻞㻟

2WKHU㻜 㻝㻡㻜㻜㻲㼅㻞㻜㻞㻞㻲㼅㻞㻜㻞㻟Operating Profit Analysis

FY2023

㸦 Increase 㸸 10.4 㸧 㸦 Decrease㸸15.6 㸧(Billions of JPY)




Cost reduction+1.5

Fluctuation ofexchange rate

+2.2

Decrease of operating rate
-2.9
Rise in material price

Increase in sales prices
+6.7

-5.8

Increase in fixed costs,
SGA and others
-6.9





㻝㻣㻚㻜㻌

㸫㸳㸰㻝㻝㻚㻤

㻲㼅㻞㻜㻞㻞

㻵㼚㼏㼞㼑㼍㼟㼑㻌㼒㼍㼏㼠㼛㼞㻰㼑㼏㼞㼑㼍㼟㼑㻌㼒㼍㼏㼠㼛㼞㻲㼅㻞㻜㻞㻟



FY2023

Sales and Operating Profit by Business Segment

OtherComponents

Machinery &Tools(Billions of JPY)

FY2022
Actual (A)FY2023
Actual (B)Cutting Tools
Machine Tools

RobotsNet SalesOperating Profit㸣 
Bearings
Hydraulic Equipment

Automotive HydraulicNet Sales
Operating Profit㸣 Net SalesOperating Profit㸦㸣㸣  
㸣㸣  Total Net Sales
Total Operating Profit
㸣 
㸣

Increase/Decrease(㸣)(B) – (A)㸫㸣㸫㸩㸣 㸩㸫㸣㸫㸩㸣 㸩㸫㸣 㸫㸩㸣  㸩㸫㸣  㸫㸩㸣  㸩㸩㸣  㸩㸫㸣 㸫㸩㸣 㸩㸫㸣 㸫㸩㸣 㸩 㸫㸣  㸫 Consolidated Financial Highlights

FY2024(Billions of JPY)

FY2023
Actual (A)FY2024
Forecast (B)Net Sales

Increase/Decrease(B) – (A)㸫㸣㸫

OperatingProfit㸣㸣㸫㸣 㸫

OrdinaryProfit㸣 㸣㸫㸣 㸫㸫㸣㸫

Profit attributable toowners of the parent

Exchange rate


 -3<DSSUHFLDWLRQ
-3<DSSUHFLDWLRQ -3< DSSUHFLDWLRQ

(JPY/1USD㸧
(JPY/1EUR㸧(JPY/1CNY㸧
Cash Dividend pershare (JPY)㸫Trend of business results every half year

FY2024(Billions of JPY)Net Sales

16.0

Oparating Profit
136.0

14.0

12.0

112.0
103.7

130.2

122.0

140.0

123.0

127.0
120.0

97.2

10.0

100.0

8.0

8.9

8.2

80.0

8.1
7.6

6.0

60.0

6.4

4.0

2.0

117.0

135.2

160.0

6.0

4.2

40.0

4.2

4.0
20.0

2.6

0.0

0.0

1H

2H

1H

㻲㼅㻞㻜㻞㻜

2H

1H

㻲㼅㻞㻜㻞㻝

2H

1H

㻲㼅㻞㻜㻞㻞

2H

1H

㻲㼅㻞㻜㻞㻟

2H

㻲㼅㻞㻜㻞㻠



Trends of the demandձ

FY2024(Trends by industry䠖Trends of production by main customer)
Automobile

+ + + + 4 4)<)<Small Construction machine4 4 444444)<)<)<+ + + + 4 4)<)<4 4 444444)<)<)<Industrial machine (Machine tools)

+ + + + 4 4)<)<4 4 444444)<)<)<

(Trends of main industries)
Automobile

䠖Domestic sales will continue to expand,
but we must keep a close eye on overseas market conditions.

Construction machine 䠖Production adjustments will continue in China and Europe.
Industrial machine

䠖Although there will be variations by industry,
the demand for machine tools will remain stagnant.

Trends of the demandղ

FY2024(Trends by Region)

JapanJapan

Production of automobiles will
recover, but be adjusted in otherindustries.

China

China
There will be adjustments in construction
machinery, industrial machinery,and commercial markets, but productionof EVs will increase from the second halfof the year.

Europe, Americas, and ASEAN
+ + + + 44 4 4)<)<4444 44)<)<)<

Americas)<4444 44)<)<Europe+ + + + 44 4 4)<)<+ + + + 44 4 4)<)<

Production of automobiles will
recover slowly, but be adjusted
in other industries.

4444 44)<)<)<ASEAN

+ + + + 44 4 4)<)<)<4444 44+ + + + 44 4 4)<)< )<)<

Sales by Business Segment and Region(Sales by Business Segment) (Y to Y)&XWWLQJ 7RROV(Billions of JPY)



0DFKLQH7RROV 㸩

5RERWV 㸫 㸫$XWRPRWLYH+\GUDXOLFVFY2024 (Y to Y)(XURSH 㸫 㸫

$6($1 DQG RWKHUV 㸫 㸫 㸫+\GUDXOLF(TXLSPHQW-DSDQ 㸫 㸫 㸫㻲㼅㻞㻜㻞㻟㻲㼅㻞㻜㻞㻠

2WKHU
$PHULFDV&KLQD(Sales by Region)%HDULQJV㻥㻝㻚㻣)<)<4444 44)< 㸫㻲㼅㻞㻜㻞㻟㻲㼅㻞㻜㻞㻠

Sales and Operating Profit by Business Segment

FY2024
㸦 Billions of JPY 㸧

Increase/Decrease

FY2024
Forecast (B)Total Net Sales㸣  㸣  㸣㸣 㸣㸣

Total Operating Profit㸣 㸣  㸫㸣 㸫

Other Components

Machinery &Tools

FY2023
Actual (A)Cutting Tools
Machine Tools
RobotsNet Sales
Operating Profit
Bearings
Hydraulic Equipment
Automotive Hydraulic
Net Sales
Operating Profit
Net Sales
Operating Profit㸩㸫㸣  㸫㸫㸣㸫㸫㸣㸫㸫㸣 㸫㸫㸣㸫㸫㸣 㸫㸫㸣 㸫㸫㸣 㸫㸫㸣 㸫㸫㸣 㸫㸫㸣㸫㸩㸣㸫㸣 

Operating Profit Analysis
㸦Increase㸸5.6㸧㸦Decrease㸸7.5㸧
Fluctuation of exchange rate-1.5

Decrease in fixed costs,
SGA and others+0.6
Cost reduction㸫FY2024(Billions of JPY)
(B) – (A)

(㸣)

+2.0

Rise in material price -2.0

Increase in sales price +3.0
Decrease of operating rate-4.0㸯㸶
㻝㻝㻚㻤㻌

㻝㻜㻚㻜㻌㻲㼅㻞㻜㻞㻟㻵㼚㼏㼞㼑㼍㼟㼑㻌㼒㼍㼏㼠㼛㼞㻰㼑㼏㼞㼑㼍㼟㼑㻌㼒㼍㼏㼠㼛㼞㻲㼅㻞㻜㻞㻠

Consolidated Financial Data

FY2024(Billions of JPY)

FY2023
Actual (A)FY2024
Forecast (B)Increase/Decrease(B) – (A)ROE㸣㸣SW

Total Assets㸫㸩  㸫

Facility Investment㸫

Depreciation andAmortization

㸩

Number of Employees(persons)

㸩

Stockholder’s Equity(Stockholder’s Equity ratio)

Interest-bearing Debts(Net D/E ratio)㸣 㸣

Expand Industrial machine related sales

Business Strategy(For Electrical machine and EMS)

Connector insertion application
Compact collaborative robot
CMZ

MZ F series, CFDq

(For Industrial machinery)High-pressure variabledisplacement piston pumps
PZH series

Burrless series
䠄Drills䞉Taps䞉Endmills䠅

Expand EV related sales(Aqua REVO Drills Burrless)

Ultracompact digital
control amplifierEDX

Business Strategy(Assembly and transportation
robots also used for EV line)

Large robots such as SRA series(Multi-tasking machine forsmall parts)(Bearings formotor and eAxle)

For electric units(Hydraulics forautomation of driving)

Lock actuator

Skiving machining center for Gears
䠄GMS series䠅Strengthen profitability and production system

Business Strategy

Continue to increase sales price as raw material and energy prices rise
Promote cost reduction and productivity improvement
䞉Promote VA and VE activities to reduce costs while maintaining the quality
䞉Add a production line which is automated, mechanized and digitalized

Strengthen production system

䞉Expand production capacity of core products 䞉Expand production capacity for carbide drills
in North AmericaCarbide drills

NACHI TOOL AMERICA
High-performance High-speed tool steeldrill and tap

䞉Expand the production lines of hydraulic equipment
for construction industries in Japan and China
The second factory forHydraulic drive motor

Thin-walled,deepgroove ball bearing

Precision bearing㼔䡐䡐䡌㻦㻛㻛㼣㼣㼣㻚㼚㼍㼏㼔㼕㻙㼒㼡㼖㼕㼗㼛㼟㼔㼕㻚㼏㼛㻚㼖㼜㻛

These materials describe our future earnings forecasts and business plans,
and are based on the assumption of an economic environment and business
policies that remain fixed as they are now. Therefore, please note that
actual earnings are subject to various factors, including market
fluctuations and currency fluctuations, which may result in a different
earnings forecast.

