Jan. 22, 2021
NACHI-FUJIKOSHI CORP.

┠ḟBusiness Results for FY2020

䠎䡚 䠓Business Forecast for FY2021

䠔 䡚䠍䠒Reference䠍䠓 䡚䠍䠕

Business Results for FY2020

FY2020(Billion JPY)

FY2019(A)

FY2020(B)Net Sales

Increase/Decrease(B) – (A)㸣 㸫

OperatingIncome㸣㸣 

㸣㸫

OrdinaryIncome㸣㸣 㸣㸫㸣㸫Net Income
Exchange rate
㸦USD㸧㸦Euro㸧㸦RMB㸧

Cash Dividends-3<-3<-3<
-3<

-3<
-3<DSSUHFLDWLRQ-3<-3<DSSUHFLDWLRQ-3< -3<DSSUHFLDWLRQ-3<㸫 -3<Consolidated Financial Data

FY2020(Billion JPY)

FY2019(A)

FY2020(B)

Increase/Decrease(B)-(A)

ROE㸣㸣㸫SWTotal Assets



㸫

Stockholder’s Equity(Stockholder’s Equity Ratio)

Interest-bearing Debt
(Net D/E Ratio)㸣 㸣

㸫



㸩



Capacity Investment





㸫

Depreciation andAmortization





㸩

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

㸫Sales by Business Segment and Region

FY2020(Sales by Business Segment)(Billion JPY)
(Sales by Region)$PHULFDV&XWWLQJ 7RROV

0DFKLQH7RROV

5RERWV  (XURSH$VLD
H[FHSW&KLQD

  &KLQD
 %HDULQJV  -DSDQ+\GUDXOLF(TXLSPHQW  2WKHUV 㻲㼅㻞㻜㻝㻥㻲㼅㻞㻜㻞㻜㻲㼅㻞㻜㻝㻥㻲㼅㻞㻜㻞㻜

Causes of Changes in Operating Income

FY2020㸦Increase㸸14.2㸧 㸦Decrease㸸20.7㸧

(Billion JPY)

Fluctuation of exchange rate -0.7
Decrease in sales prices -1.5

Cost reduction +2.0
Decline in fixed costs, SGA and other costs+12.2
Decline of operating rate -18.5

㸫㸴㸳㻝㻟㻚㻟㻢㻚㻤㻲㼅㻞㻜㻝㻥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㻜

FY2020

Sales and Operating Income by Business Segment(Billion JPY)

FY2019(A)
Machinery &Tools

Cutting Tools
Machine Tools
RobotsNet Sales

Others Components

Operating Income
Bearings
Hydraulic Equipment
Net Sales
Operating Income
Net Sales
Operating Income
Total Net Sales
Total Operating Income

Increase/
Decrease(B) – (A)FY2020(B)㸦㸣㸧  㸦㸣㸧 㸣㸧  㸦㸣㸧 㸦㸣㸧  㸦㸣㸧㸣㸧 㸦㸣㸧㸣㸫㸣 㸫㸣 㸫㸣 㸫㸣 㸫㸣  㸫㸣 㸫㸣  㸫㸣  㸫㸣 㸫㸣㸫㸣㸫㸣㸫

Consolidated Financial Highlights (FY2021 Plan) FY2021e(Billion JPY)

FY2020(A)FY2021
Plan (B)Net Sales

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

Operating
Income㸣 㸣㸣㸩

Ordinary
Income㸣㸣㸣㸩㸣㸩Net Income
Exchange rate(USD㸧(EUR㸧(RMB㸧Cash Dividends
-3<-3<-3<-3<-3<
-3< DSSUHFLDWLRQ
-3<GHSUHFLDWLRQ-3<-3< -3<GHSUHFLDWLRQ-3<

㸩 -3<Trend of business results every half year

FY2021e(Topics)

FY2020 1H 䠖 From April, the effects of new coronavirus expanded
FY2020 2H 䠖 In third quarter bottomed up, from the fourth quarterrecovered slowly
FY2021
䠖 Continue to recover slowly
140

127.1

Sales

121.9

Operating income
120

7.4

5.8

103.7

97.2

104.0

101.0

4.6

10080

3.4
4.2

60
40

2.6

200

1H

2H

1H2H1H㻲㼅㻞㻜㻞㻝㻲㼅㻞㻜㻞㻜㻲㼅㻞㻜㻝㻥

2H

Trend of the demandձ

FY2021e(Trend by Region)
Japan

China

JapanAutomobile䠖Steadily
Industrial machine䠖 Recovery trend

China
Automobile, Construction machine,
Industrial machine will continue toexpand

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

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

Americas

+ + 4)<

+ + 4)<

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

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

+ + 4)<

Automobile and others recover slowly

ASEAN

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

+ + 4)<

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

Trend of the demandղ

FY2021e(Trend by type of industries䠖Trend of production by main customer)
Small Construction
machineAutomobile

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

+ + 44 4 4)<)<44)<44)<+ + 44 4 4)<)<44)<(Trend of main industries)

Automobile 䠖 It will go steadily mainly by Japanese companies.
It will recover slowly overseas.
Construction machine 䠖 The demand will expand mainly in China.

Industrial machine 䠖 Electrical and electronic will recover, Machine
tools and others have a partial recovery trend

Sales by Business Segment and Region(Billion JPY)

(Sales by Business Segment)

&XWWLQJ7RROV0DFKLQH7RROV 㸩

5RERWV 㸩




$PHULFDV+\GUDXOLF(TXLSPHQW 㸩 㸩 㸩$VLD
H[FHSW&KLQD

 㸩



&KLQD
%HDULQJVFY2021e(Sales by Region)(XURSH  㸩

-DSDQ 㸩㻲㼅㻞㻜㻞㻜㻲㼅㻞㻜㻞㻝㻌㻼㼘㼍㼚 㸩

2WKHUV 㻲㼅㻞㻜㻞㻜㻲㼅㻞㻜㻞㻝㻌㻼㼘㼍㼚

Sales and Operating Income by Business Segment (FY2021 Plan)

FY2021e(Billion JPY)

Machinery &Tools

Cutting Tools
Machine Tools
RobotsNet Sales

Others Components

Operating IncomeBearings
Hydraulic Equipment
Net Sales
Operating Income
Net Sales
Operating Income

FY2021Plan (B)㸦㸣㸧 㸦㸣㸧 
㸦㸣㸧 
㸦㸣㸧 
㸦㸣㸧 
㸦㸣㸧 

㸣㸩㸣㸩 

Total Net Sales
Total Operating Income

Increase/Decrease(B) – (A)FY2020(A)㸦㸣㸧㸦㸣㸧㸣 㸣 㸫㸣 㸩㸣 㸫㸣㸫㸣 㸩㸣 㸩㸣  㸩㸣 㸩㸣 䠄 Increase 䠖 4.7䠅㸫㸣 㸫

Causes of Changes in Operating Income (FY2021Plan)(Billion JPY)㸩

FY2021e䠄 Decrease 䠖 3.5䠅Effect of exchange rate -0.3

Improvement of Operating rate

Risein material price‫ڹ‬㸱-0.5
Ⅽ᭰ࡢᙳ㡪

+2.2

Increase in fixed costs,
SGA and other costs-2.7



Cost reduction+2.5

㸩㸯㸰

㻤㻚㻜㻌

㻢㻚㻤㻌


㻲㼅㻞㻜㻞㻜

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㻝㻌㻼㼘㼍㼚

Consolidated Financial Data

FY2021e(Billion JPY)

FY2020(A)FY2021Plan (B)Increase/Decrease(B) – (A)ROE㸣㸣

㸩SW

Total Assets

㸣 㸣 㸩  

Capacity Investment



㸩

Depreciation andAmortization



㸩

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

㸩

Stockholder’s Equity(Stockholder’s Equity Ratio)
Interest-bearing Debt
(Net D/E Ratio)(Reference)Strategy of Automobile
Further strengthen of gasoline-powered vehicle for Decarbonized society
The change to Electric Vehicle getting speedly‫ ی‬Electric actuators and so on

The progress of CASE‫ی‬Bearings for Electric Vehicle‫ ی‬Skiving machine
Skiving cutter(Reference)Strategy of Industrial machine Areaձ
The demand for automation to adjust for decline in the labour
force population and correspond for environment
The necessity of Social distance and remoteization because of the COVID-19‫ ی‬Compact robots for Electrical and electronic
and other Industrial machine
Collaborative Robot CZ10EZ03

Series of compact robots

The system for assemble
electronic substrate(Reference)Strategy of Industrial machine Areaղ‫ ی‬Hydraulic Equipment for industrial ‫ ی‬Hydraulic Equipment forConstruction machinemachine
Next-generation Battery andmanufacturing facility for MLCC

Urban development in a rising nation,
and activation of housing startĺThe demand of mini-shovel
Expand the series frommini construction machine
to compact construction machinePower Meister‫ی‬Carbide round tools and TapsLong life and correspond for hard-to-machine material

AquaREVO Drills

AquaREVO Mills

Hyper Z Tap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.

