July 15, 2020
NACHI-FUJIKOSHI CORP.
Outline䠍䠊Overview of the Business Results
For the First Half of FY2020䠎 䡚 䠓䠎䠊Overview of the Business Forecastfor FY2020

䠔 䡚䠍䠒



Results for the First Half of FY2020

1H Actual(Billion JPY)

FY20191H (A)FY20201H(B)Net Sales

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

OperatingIncome㸣㸣㸫㸣㸫

OrdinaryIncome㸣㸣㸫㸣㸫㸫㸣㸫-3<
-3<
-3<

-3<
-3<
-3<Net Income
Exchange rate
㸦USD㸧㸦Euro㸧
㸦RMB㸧

-3<DSSUHFLDWLRQ
-3<DSSUHFLDWLRQ-3<DSSUHFLDWLRQConsolidated Financial Data

1H Actual(Billion JPY)

FY20191H (A)

Increase/Decrease(B) – (A)FY20201H (B)

ROE㸣㸣㸫SW

Total Assets





㸩

Stockholder’s Equity(Stockholder’s Equity Ratio)㸣 㸣㸫



㸩

Interest-bearing Debt

(Net D/E Ratio)

Capacity Investment

㸫

Depreciation andAmortization

㸩





㸫

Sales by Business Segment and Region

1H Actual

Number of Employees(persons)(Sales by Business Segment)

(Sales by Region)(Billion JPY)




$PHULFDV&XWWLQJ7RROV

0DFKLQH7RROV

5RERWV&KLQD %HDULQJV -DSDQ 

2WKHUV  +\GUDXOLF(TXLSPHQW 




(XURSH $VLD
H[FHSW&KLQD

 

㻲㼅㻞㻜㻝㻥 㻝㻴㻲㼅㻞㻜㻞㻜 㻝㻴㻲㼅㻞㻜㻝㻥 㻝㻴㻲㼅㻞㻜㻞㻜 㻝㻴Causes of Changes in Operating Income(Increase㸸5.1)(Billion JPY)

1H Actual䠄Decrease 䠖 9.9䠅Fluctuation of exchange rate -0.7

Cost reduction +1.3

Decrease in Sales prices-0.8

Decline in fixed costs,
SGA and other costs +3.8

Decline of Operating rate-8.4㻣㻚㻠㻞㻚㻢㻲㼅㻞㻜㻝㻥 㻝㻴㻵㼚㼏㼞㼑㼍㼟㼑 㼒㼍㼏㼠㼛㼞㼟㻰㼑㼏㼞㼑㼍㼟㼑 㼒㼍㼏㼠㼛㼞㼟㻲㼅㻞㻜㻞㻜㻌㻝㻴Sales and Operating Income by Business Segment 1H Actual(Billion JPY)

FY20191H (A)
Machinery &Tools

Cutting Tools
Machine Tools
RobotsNet Sales

Others Components

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

Increase/Decrease(B) – (A)FY20201H (B)

㸦㸣㸧  㸦㸣㸧 㸦㸣㸧  㸦㸣㸧 㸦㸣㸧  㸦㸣㸧㸦㸣㸧 㸦㸣㸧㸫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㸫㸣㸫㸫㸣㸫Consolidated Financial Highlights (FY2020 Plan)

FY2020e(Billion JPY)

FY2019(A)FY2020Plan (B)Net Sales

OperatingIncome㸣  㸣㸫㸣

OrdinaryIncome㸣  㸣㸫㸣  㸫㸫㸣Net Income
Exchange rate(USD㸧(Euro㸧(RMB)

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

Increase/Decrease(B) – (A)㸫㸣 㸫㸫㸫-3<-3<DSSUHFLDWLRQ-3<-3<DSSUHFLDWLRQ-3< -3<DSSUHFLDWLRQ
8QGHFLGHG̺Trend of business results every half year

FY2020e(Topics)

FY2019 2H 䠖 US-China trade conflict reduced demand
FY2020 1H 䠖 From April, the effects of new coronavirus expanded
FY2020 2H 䠖 In the third quarter, it will be the bottom, from the fourthquarter it will recover slowly1408(BillionJPY) 127. 1
7Operating income

Sales

121. 9120

7.4

6

5.8

103.7
100

86.2

580
460
3

2.6402
1

20

0.8

00

1H

2H

1H2H

㻲㼅㻞㻜㻞㻜

㻲㼅㻞㻜㻝㻥



FY2020e

Trend of the demand(Sales basis)ձ
(Trend by Region)㻶㼍㼜㼍㼚㻭㼙㼑㼞㼕㼏㼍㼟

Japan䠖
Production of automobile
will recover slowly
Europe and Americas䠖
From June, economic activity
starts moving

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

+ + 4
4 4)<)<+ + 4
4 4)<)<4㻯㼔㼕㼚㼍㻭㼟㼕㼍㻔㼕㼚㼏㼘㼡㼐㼑㻌㻯㼔㼕㼚㼍㻕4+ + 4
4 4)<)<

China䠖
Currentry, economic recovers
similar to previous year4+ + 4
4 4)<)<4

FY2020e

Trend of the demand(Sales basis)ղ
(Trend by type of industries䠖Trend of production by main customer)
Small Construction
machineAutomobile

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

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

䠖Production is restarting, toward the yearend it will recoverConstruction machine 䠖From June, it will recover mainly in China
Industrial machine䠖Electric and electronic is steady, but
Machine tools and others are in a low level Automobile

Sales by Business Segment and Region(Sales by Business Segment)

FY2020e(Sales by Region)(Billion JPY)

$PHULFDV&XWWLQJ7RROV

0DFKLQH7RROV

5RERWV(XURSH
  %HDULQJV



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

2WKHUV 㻲㼅㻞㻜㻝㻥㻲㼅㻞㻜㻞㻜㻌㻼㼘㼍㼚㻲㼅㻞㻜㻝㻥㻲㼅㻞㻜㻞㻜㻌㻼㼘㼍㼚

FY2020e

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
O p e r a t i n g I n c o me 㸫㸣  㸫 㸫㸣 㸫㸫 㸫㸣 㸫㸣 㸫㸫㸫㸦㸣㸧  㸦㸣㸧  㸫㸣  㸫 㸫㸣  㸫 㸫㸣 㸫㸦㸣㸧  㸦㸣㸧 㸫㸣  㸫 㸫㸣  㸫㸦㸣㸧  㸦㸣㸧 㸫㸣 㸫Total Net Sales
Total Operating Income

Increase/Decrease(B) – (A)FY2020Plan (B)㸦㸣㸧㸦㸣㸧㸫㸣㸫㸫㸣㸫 Causes of Changes in Operating Income(Increase㸸14.1)(Billion JPY)

FY2020e䠄Decrease 䠖 23.9䠅

Fluctuation of exchange rate -0.9
Cost reduction +2.3

Decrease in Sales prices-1.1

Decline in fixed costs,
SGA and other costs +11.8

Decline of Operating rate-21.9



㸫

㻝㻟㻚㻟㻟㻚㻡㻲㼅㻞㻜㻝㻥㻵㼚㼏㼞㼑㼍㼟㼑 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㻌㻼㼘㼍㼚

Consolidated Financial DataFY2020e(Billion JPY)

FY2019(A)FY2020Plan (B)

Increase/Decrease(B) – (A)ROE㸣㸣㸫SWTotal Assets

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

Stockholder’s Equity(Stockholder’s Equity Ratio)

Interest-bearing Debt
(Net D/E Ratio)



Capacity Investment㸫

Depreciation andAmortization

㸩

Number of Employees



㸫

(persons)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.

