Supplementary Material
on Financial Results

Consolidated Financial Results
for the Nine Months
Ended December 31, 2022
February 6, 2023
SHIBAURA MACHINE CO., LTD.

Consolidated Financial Results
Overview for the Nine Months
Ended December 31, 2022

1) Key Points of Financial Results2) Year-on-Year Comparison2

Key Point of Financial Results (Year-on-Year)

Increased Revenue and Profits Year-on-Year Orders Received•Injection molding machines and other products decreased because of adverse market conditions
attributed to slowing economy in China and the U.S., while LiB separator film production lines for EVin extrusion machines, which has been continuously in high demand, significantly increased year-onyear.

•Decrease in high-precision machine tools for smartphone lens molds in China•

Increase in hydraulic injection molding machines in India, where economic activity has been growing

 Net Sales•

Increase in LiB separator film production lines for EV in China•

Amid the decarbonization movement, there were increases in medium to large electric injection
molding machines in North America, and in hydraulic injection molding machines in India, whereeconomic activity has been growing•

Increases in large machine tools for industrial machinery in Japan and for energy in North America

 Operating Profit, Ordinary Profit, Quarterly Net Profit•

While Increased sales and the weaker yen had a positive effect of boosting profits, affected byincreasing costs including rising component prices.

•Operating profit and Quarterly Net Profit increased; Ordinary Profit decreased3

Performance Summary (Year-on-Year)(Unit: 100 million yen)

Q3 FY2022

Q3 FY2021

Increase/

Cumulative

Cumulative

Decrease

(A)

(B)

(A-B)

Net sales

885

781+104

Operating profit

3330+33.8%

3.9%

28

31

3.2%

4.0%

25

21

2.9%

2.8%

Profit ratio
Ordinary profit

Profit ratio
Net profit attributableto owners of parent

Profit ratio
Ordersreceived
Exchange rate
(USD)

1,383

1,203

133 yen

115 yen

4- 0.1pt-3- 0.8pt+4+0.1pt+180

Amounts of Orders Received (By Segment)(Unit: 100 million yen)

1,203

(Unit: 100 million yen)

1,383
10Others

768

Controlsystems

74

201

Machinetools

226

Metal &plastics
industrial
machineBreakdown of Metal &Plastics Industrial Machinery

Increase/Decrease＋180（＋15.0％）

Injection: Injection molding machines
Die Casting: Die casting machines
Extrusion: Extrusion machines+3（+37.2%）-6（-8.0%）-25（-10.7%）

Q3 2021
Cumulative

Q3 2022
Cumulative＋207（+23.2%）

Injection

1,102

895

316
Extrusion
463

895

1,102
Extrusion
DieCasting116

Q3 2021
Cumulative272

Injection

Q3 2022
Cumulative

5698

Die
Casting131

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

Machine tools: Large machine tools (machine tool segment)
Precision: High-precision machine tools (machine tool segment)
Control: Control systems

Metal & plastics industrial machine has
quarterly fluctuation in amounts of orders
received, because of including large
volume orders for LiB separator film
production lines for EV.

Breakdown of Metal &Plastics Industrial Machinery(Unit: 100 million yen)
OthersInjection

Controlsystems
Machinetools

49
Extrusion

108

199
Die Casting

41
Metal & plastics
industrial machine

Q3 2022(Oct-Dec 2022)
Current Orders Injection:

Decreased under the circumstances with uncertainty of outlook of economy mainly in China andNorth America, increase in hydraulic injection molding machines in India
Die Casting:
Demand is showing a slow recovery in relation to automotive capital investments
Extrusion:
Continued strong demand for LiB separator film production lines for EV in China
Machine Tools: Increase in construction machinery in North America, with steady demand for wind power generation inChina
Precision:
Despite increase automotive lens molds in Japan and China, decrease in smartphone lens molds in China
Control systems: Decrease in Industrial robots in China, with steady demand for electronic control systems in Japan6

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

(Unit: 100 million yen)

Breakdown of Metal &Plastics Industrial Machinery

Increase/Decrease

781

885
11Others

10Controlsystems

67

Machinetools

164＋104（＋13.3%）+1（+10.8%）

76＋9（＋13.3%）

195＋31（＋18.8%）

Q3 2021
Cumulative

Q3 2022
Cumulative＋64（＋11.5%）
Metal &plastics
industrialmachine

Extrusion
187

555

619

555
Adjustment
amount(20)Q3 2021
Cumulative

Q3 2022
Cumulative

7

Injection

Extrusion

262

227

Injection

619

DieDieCasting

Casting

104108283

Trends of Net Sales (By Segment)(Unit: 100 million yen)

OthersControlsystems
Machinetools

Breakdown of Metal &Plastics Industrial Machinery(Unit: 100 million yen)

Extrusion

92

215

Metal & plastics
industrial machine

Injection

91

Die Casting30

Q3 2022(Oct-Dec 2022)8Order Backlog (By Segment)(Unit: 100 million yen)

1,264

(Unit: 100 million yen)

1,905

Increase/Decrease

Breakdown of Metal &Plastics Industrial Machinery＋641（＋50.7%）＋2（＋66.9%）

565＋17（＋35.5%）-5（-1.7%）

239
Others3

Controlsystems

48

Injection

Injection＋626（＋64.7%）

163

170

Machinetools 244

968
Extrusion

968

718

Metal &plastics
industrialmachine

Q3 2022

9Casting79Die

Casting98Die

1,594

Q3 2021

Q3 2022

Q3 20211,594
Extrusion
1,331

Operating Profit (By Segment),
Ordinary Profit, Net Profit(Unit: 100 million yen)

(Unit: 100 million yen)

＋3（+9.1％）

3330
1
OthersControlsystems

2

Others2

Controlsystems

3

Machinetools

2Ordinary profit

Net profit-3（-9.1％）＋4（+16.7％）

Q3 2021
Q3 2022
Cumulative Cumulative

Q3 2021
Q3 2022
Cumulative Cumulative

Others+1(+12.5%)Controlsystems+1(+42.8%)27
Metal &plastics
industrialmachine
Machine
tools
(1)

26
Metal &plastics
industrialmachine△0

Q3 2021
Cumulative

Q3 2022
Cumulative

Machinetools+2(－%)

Metal &plastics
industrialmachine-1(-3.6%)

10

(Metal & Plastics Industrial Machinery)Segment Results(Unit: 100 million yen)

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

Q3 2022
Cumulative

Increase/ Increase/Q3 2021
Decrease Decrease
Cumulative
AmountRatio

619

555+64+11.5%

Operating profit

26

27-1-3.6%

Profit ratio

4.3%

5.0%

―- 0.7pt

Net Sales

Performance Factor Analysis＋Positive Factors
 Injection: Increase in the number of medium to large electric machines amid
the decarbonization trend in North America, and increase inhydraulic machines in India
 Extrusion: Increase in LiB separator film production lines for EV in China-Negative Factors

Injection: Decrease due to slowing economy and impact of lockdown in China
Fluctuation in profit ratio due to sales composition
Difficulty and rising costs in procurement of materials for semiconductors, etc.

11

(Machine Tools) Segment Results(Machine tools, high-precision machine tools, etc.)(Unit: 100 million yen)

Q3 2022
CumulativeNet Sales

195

164+31+18.8%

2-0+2―

1.3%- 0.2%―+1.5ptOperating profit
Profit ratio

Increase/ Increase/Q3 2021
Decrease Decrease
Cumulative
AmountRatio

Performance Factor Analysis＋Positive Factors
 Machine Tools: Increase in demand for industrial machinery in Japanand for energy applications in North America-Negative Factors
Precision: Decrease in optical molds in Japan
Rising costs in procurement of materials

12(Control Systems) Segment Results(Industrial robots, electronic control systems, etc.)(Unit: 100 million yen)

Q3 2022
Cumulative7667+9+13.3%

32+1+42.8%

4.2%

3.3%

―+0.9pt

Net Sales
Operating profit
Profit ratio

Increase/ Increase/Q3 2021
Decrease Decrease
Cumulative
AmountRatio

Performance Factor Analysis＋Positive Factors
-Increase in engineering solutions and electronic control systems in Japan

Negative Factors


Difficulty and rising costs in procurement of materials forsemiconductors, etc.

 Decrease in Industrial robots in China13Ordinary Profit Analysis(Unit: 100 million yen)

SG&A: Selling, general and administrative expenses

・Increase in logistics costs
・Increase in activity expenses, etc.

14

Domestic and Overseas Sales(Unit: 100 million yen)

➢Japan:[Die Casting] [Machine Tools][Control Systems] Increase[Injection] [Extrusion] [Precision] Decrease➢China:➢➢SE Asia::[Extrusion] Increase[Injection] [Machine Tools][Control Systems] Decrease[Die Casting] Increase

IndiaNorth➢ America / :Mexico

15[Injection] Increase[Injection] [Machine Tools] IncreaseOverseas Sales and Ratio (By Segment)(Unit: 100 million yen)Overseas Sales (By Segment)
（75%）
（82%）

416

(Overseas ratio)

509

Overseas Sales Ratio
Q3 2021 Cumulative： 67％
Q3 2022 Cumulative： 69％

（49%）
（55%）

8996

（28%）
（16%）

159（1%） （1%）

00

Q3 2021
Q3 2022
Cumulative Cumulative

Q3 2021
Q3 2022
Cumulative Cumulative

Q3 2021
Q3 2022
Cumulative Cumulative

Q3 2021
Q3 2022
Cumulative Cumulative

Metal & plastics
industrial machine

Machine Tools

Control Systems

Others16

Balance Sheet(Unit: 100 million yen)

Assets517
Accounts
receivableNet assets

1,914

1,669
Cash, etc.

Liabilities-20497+13249+199

715

236

Inventory

516
Fixed assets
Others325
75-8+61

End of Mar. 2022

317
136

End of Dec. 2022

End of Mar. 2022 End of Dec. 2022

Equity ratio

50.0%

44.2%

D/E ratio

17.0%

16.8%

17

Forecast of Consolidated
Financial Results for the YearEnding March 31, 2023
1) Financial Results Forecast2) R&D Expenses, Capital Expenditures,Depreciation Expenses
3) Dividend Forecast

18FY2022 Financial Results Summary(Unit: 100 million yen)

FY2022 summary of business results forecast has not been changed
from it announced on Nov.9, 2022.
FY2022 Forecast
FY2021
Increase/(Nov. 19, 2022)
Results
Decrease
(A-B)
(A)
(B)
Net sales
Operating profit
Profit ratio
Ordinary profit
Profit ratio
Net profit attributableto owners of parent

Profit ratio
Orders received
Exchange rate
(USD)

1,300
50

1,077
42+223+83.8%

3.9%- 0.1pt

54

45+94.2%

4.2%+0.0pt4337+63.3%

3.5%- 0.2pt

1,850

1,642

137 Yen122 Yen19+208

R&D Expenses, Capital Expenditures,
Depreciation Expenses(Unit: 100 million yen)

R&DExpenses

CapitalExpenditures

Depreciation
Expenses

323127
2217

Q3
Cumulative
results

FY2021

FY2022 Plan

17Q3
Cumulative
results

23

FY202018

FY202120

FY2022 Plan

19
Q3Cumulative
results

20

FY20202115

FY2020

FY2021

FY2022 PlanDividend Forecast
No change from the most recently announced dividend forecast
Policy on Determination of Dividends
Our basic policy is to maintain stable dividends and to distribute profits in linewith business performance while strengthening our management structure toimprove profitability.
With regard to retained earnings, we will make strategic decisions on futurebusiness development for the purpose of continuous corporate growth, andeffectively invest in production facilities, technological development, overseas
expansion, and other areas. We will also continue to return profits to shareholders
in an appropriate manner.
Dividend payout
ratio(Consolidated)

InterimYear-end* Full-year

FY ended
March 31, 2021

37.5 yen

37.5 yen

199.3 yen

－FY ended
March 31, 2022

37.5 yen

37.5 yen

75.0 yen

48.6%

FY endingMarch 31, 2023
(Forecast)

37.5 yen

37.5 yen

75.0 yen

39.4%* We have declared an extraordinary dividend totaling approximately 3 billion yen (124.30 yen per share) with a record date ofJune 30, 2020. The annual total for the fiscal year ended March 31, 2021 includes an extraordinary dividend of 124.30 yen.

21

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