July 19, 2023
NACHI-FUJIKOSHI CORP.

Outline1䠊Business Resultsfor the First Half of FY2023

2~72䠊Business Forecast for FY2023

8 ~16

3. Business Strategy

17~20



Results for the First Half of FY2023

1H Actual(Billions of JPY)

FY2022
1H(A)FY2023
1H(B)Net Sales

Increase/Decrease(B) – (A)㸩㸣

㸩

OperatingProfit㸣 㸣

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

Exchange rate㸦USD㸧㸦EUR㸧㸦CNY㸧-3<-3<-3<㸫㸣  㸫-3< -3<GHSUHFLDWLRQ-3<  -3<GHSUHFLDWLRQ-3< -3<GHSUHFLDWLRQConsolidated Financial Data

1H Actual(Billions of JPY)

FY2022
1H(A)Increase/Decrease(B) – (A)FY2023
1H(B)

ROE

㸣

㸣

㸫SW

Total Assets

㸩㸣 㸣 

㸩 㸩

Facility Investment





㸫

Depreciation andAmortization



㸩





㸫

Stockholder’s Equity(Stockholder’s Equity ratio)

Interest-bearing Debts(Net D/E ratio)

Number of Employees(persons)

Sales by Business Segment and Region(Sales by Business Segment)(Billions of JPY)
㻝㻠㻜&XWWLQJ 7RROV  0DFKLQH7RROV㻝㻜㻜

5RERWV
$PHULFDV(XURSH   

$6($1 DQG RWKHUV

1H Actual(Sales by Region)㻝㻞㻜 

㻤㻜%HDULQJV
㻢㻜



㻠㻜

+\GUDXOLF(TXLSPHQW㻞㻜$XWRPRWLYH+\GUDXOLFV 

  㻲㼅㻞㻜㻞㻞㻌㻝㻴㻲㼅㻞㻜㻞㻟㻌㻝㻴

2WKHU
㻜

&KLQD  -DSDQ 㻲㼅㻞㻜㻞㻞㻌㻝㻴㻲㼅㻞㻜㻞㻟㻌㻝㻴

Operating Profit Analysis
㸦 Increase 㸸 6.7㸧(Billions of JPY)
Cost reduction+0.7

Fluctuation ofexchange rate+1.7

1H Actual㸦 Decrease㸸7.2㸧

Rise in material price-2.5

Increase of operating rate
+1.8
Increase in sales prices+2.5

Increase in fixed costs,
SGA and others
-4.7


㻤㻚㻝㻣㻚㻢㻲㼅㻞㻜㻞㻞㻌㻝㻴㻵㼚㼏㼞㼑㼍㼟㼑㻌㼒㼍㼏㼠㼛㼞㼟㻰㼑㼏㼞㼑㼍㼟㼑㻌㼒㼍㼏㼠㼛㼞㼟㻲㼅㻞㻜㻞㻟㻌㻝㻴

1H Actual

Sales and Operating Profit by Business Segment

Other

Components

Machinery &Tools(Billions of JPY)

Cutting Tools
Machine Tools
RobotsNet Sales
Operating Profit
Bearings
Hydraulic Equipment

FY2022
1H (A)FY2023
1H(B)Increase/Decrease(B) – (A)㸦㸣㸧 㸣㸧 㸩㸩㸣 㸩㸩㸣  㸩㸩㸣  㸩㸩㸣 㸩㸩㸣  㸩㸩㸣 㸩㸫㸣  㸫㸦㸣㸧  㸦㸣㸧㸦㸣 㸦㸣㸧 㸩㸫㸣 㸫㸩㸣  㸩

AutomotiveHydraulic
Net Sales
Operating Profit
Net Sales
Operating Profit
Total Net Sales

Total Operating Profit
㸦㸣㸧㸣 㸩㸣㸩㸣㸫㸣 㸫㸩㸣㸩㸫㸣 㸫

Consolidated Financial Highlights(FY2023 Forecast)

FY2023(Billions of JPY)

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

Increase/Decrease(B) – (A)㸩㸣㸩

OperatingProfit㸣㸣㸫㸣㸫

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

Profit attributable toowners of the parent

Exchange rate



(USD㸧
(EUR㸧
(CNY㸧

-3<-3<-3<

-3< -3<GHSUHFLDWLRQ-3< -3<GHSUHFLDWLRQ-3<㸫

Cash Dividend
per share-3<-3<㸫

Trend of business results every half year

FY2023(Billions of JPY)
15Net Sales

160

Oparating Profit
136.013127.1

121.9

11112.0
103.7

117.0

135.2

134.8

122.0
120

97.2

9100

8.3

77.4

8.1

8.9

8.9
7.6

6.4

580
60

5.8
3

140

40

4.2
2.6

20

10-1

1H

2H

1H

㻲㼅㻞㻜㻝㻥

2H

1H

2H

2H

1H

㻲㼅㻞㻜㻞㻞

㻲㼅㻞㻜㻞㻝

㻲㼅㻞㻜㻞㻜

1H

Trends of the demandձ㻲㼅㻞㻜㻞㻟



FY2023(Trends by Region)
Japan

2H

Japan

China

Automobile production will recoverfrom the second half, and Industrial
machine will remain firm

China
Production of construction machine iscurrently being adjusted, but thedemand for EV-related will continue
to expand

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

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

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

Both Automobile and industrial
machine will recover steadily

ASEANEurope

++ + + + + 44 4 4)< )< )<+ + + + + + 44 4 4)<4444)<+ + + + + + 44 4 4)< )< )<)<4444)<Trends of the demandղ

FY2023(Trends by industry䠖Trends of production by main customer)
Small Construction machine

Automobile

+ + + + + +

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)< )< )<)<)<(Trends of main industries)

Automobile 䠖Production was adjusted in the first half, but it will recover fromthe second half.
Construction machine 䠖 Despite production adjustment in China and Europe,
the total production will remain at a high level.
Industrial machine 䠖 The demand for machine tools will remain firm.

Sales by Business Segment and Region(Sales by Business Segment)(Billions of JPY)
&XWWLQJ 7RROV

0DFKLQH7RROV 㸩 㸩

5RERWV%HDULQJV㻤㻠㻚㻠





$XWRPRWLYH+\GUDXOLFV 㸩

(XURSH 㸩$6($1 DQG RWKHUV 㸩

&KLQD 㸩 㸩㻲㼅㻞㻜㻞㻞㻲㼅㻞㻜㻞㻟 㸩 㸫 㸩 㸫㻲㼅㻞㻜㻞㻞㻲㼅㻞㻜㻞㻟

2WKHU$PHULFDV(YoY)

+\GUDXOLF(TXLSPHQW

FY2023(Sales by Region) 㸩

-DSDQ

Sales and Operating Profit by Business Segment

FY2023
㸦 Billions of JPY 㸧

Other Components

Machinery &Tools

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

Increase/Decrease(B) – (A)FY2023
Forecast (B)㸩㸩㸣  㸩㸩㸣㸩㸩㸣㸩㸩㸣 㸩㸩㸣  㸩㸫㸣㸫㸩㸣  㸩㸩㸣  㸩㸫㸣㸫㸫㸣  㸫㸫㸣㸫㸩㸣㸩㸣 㸩㸦㸣  㸫㸣 㸫Operating Profit Analysis
㸦Increase㸸9.4㸧
(Billions of JPY)
Fluctuation of exchange rate
+0.9
FY2023
㸦Decrease㸸9.9㸧

Increase of operating rate
+1.4
Cost reduction

Rise in material price-4.9+1.6
Increase in fixed costs, SGAand others-5.0

 Increase in sales price +5.5㻝㻣

㻝㻢㻚㻡㻲㼅㻞㻜㻞㻞㻵㼚㼏㼞㼑㼍㼏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

Consolidated Financial Data

FY2023(Billions of JPY)

FY2022
Actual (A)FY2023
Forecast (B)Increase/Decrease(B) – (A)ROE㸣㸣㸫SW

Total Assets





㸩



㸩

   㸩

Facility Investment㸩

Depreciation andAmortization



㸩

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

㸫

Stockholder’s Equity(Stockholder’s Equity ratio)

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

Expand sales of Industrial machine

Business Strategy(Industrial machine)(Robots for Electrical machine and EMS)

Connector insertion application
MZ F series, CFDq

(Carbide round tools andhigh performance taps)

Aqua REVO Drill series(Hydraulic Equipment)

High-pressure variable
ZT Forming Tap series displacement piston pumps
PZH series

Ultracompact digital
control amplifier
EDX

Expand EV related sales

Power MeisterBusiness Strategy(EV related products)(Bearings for motor and eAxle)

for electric units(Hydraulics for automation of driving)

Lock actuator(Assembly and transportation
robots also used for EV line)

Large robots such as SRA series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Increase production capacity of core products 䞉Strengthen production system of hydraulic equipment
for construction machine in Japan and China
The second factory forHydraulic drive motor

High-performance High-speed tool steel
drill and tap

Thin-walled,deep grooveball bearing

Precision bearing

䞉The integrated production line of standard bearings has started
full-scale operation in Thailand

The new factory established in Thailand

Radial 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.

