Supplementary Material
on Financial Results

Note: This document is a translation of the original Japanese version and provided forreference purposes only. In the event of any discrepancy between the Japanese original
and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Three Months
Ended June 30, 2024
August 5, 2024
SHIBAURA MACHINE CO., LTD.

Consolidated Financial Results
Overview for the Three Months
Ended June 30, 2024
1) Key Points of Financial Results2) Year-on-Year Comparison2Key Points of Financial Results (Year-on-Year)

Increased Revenue and Profits Year-on-Year◼ Net Sales• Significant increase in LiB separator film production lines for EV in China.

◼ Operating Profit, Ordinary Profit, Net Profit• All operating profit, ordinary profit and quarterly net profit increased with apositive effect of boosting profits on the back of increased sales, etc.

◼ Orders Received• Although the spread of EV is predicted to increase in the medium to long term,
the order intake for LiB separator film production lines for EV currently
decrease significantly compared to last year due to the slowing growth in EV.
• Machine tools decrease due to the impact of the economic downturn in China
and for industrial machinery in Japan and North America.
• Medium to large injection molding machines increase mainly for automobiles inNorth America.

3

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

Q1 FY2024

Q1 FY2023

Results

Results(A)(B)

Change(A)-(B)Net sales

423

347+76

Operating profit

3926+139.3%

7.6%+1.7ptOrdinary profit

4434+10Profit ratio

10.4%

9.9%

+0.5pt2926+36.9%

7.7%- 0.8pt

Profit ratio

Net profit attributableto owners of parent

Profit ratio
Orders received

235

389

Exchange rate

161 yen

145 yen(USD)*Exchange rate sensitivity on operating profit (USD)
Approximately 70 million yen per 1 yen(Profits will increase with yen’s depreciation)
4- 154

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

(Unit: 100 million yen)
Change389

235

Breakdown of Metal &Plastics Industrial Machine-154（-39.5％）

Injection: Injection molding machines
Die Casting: Die casting machines
Extrusion: Extrusion machines

3Others
Control 19systems

Q1 FY 2023
Results

Machine70
tools

3
Metal &plastics
industrialmachine

1555

Extrusion+0（+1.5%）-4（-21.0%）

Injection-15（-21.0%）92
Extrusion

295-135（-45.6%）

295

Die

9Casting
34

160

159160Q1 FY2023
Results

Q1 FY 2024
Results

Die

Injection

Casting

116

44

Q1 FY2024
Results

5

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

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

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

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

Current Orders➢ Injection: Demand for medium to large machine, mainly for automobiles, tends to recover in North America etc. is robust inIndia.
➢ Die Casting: Demand continues to recover slowly, but investment for EV-related appears pause.
➢ Extrusion: Order confirm for LiB separator film production lines for EV are delayed due to slowing growth in EV demand.
➢ Machine Tools: Demand decrease for industrial machinery in Japan and North America and decrease due to the impact of
the economic downturn in China.
➢ Precision: Demand increase vehicle-mounted optical molds, semiconductor manufacturing equipment and medical in Japan.
➢ Control: Demand for industrial robot and electronic control systems in Japan decrease.

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

(Unit: 100 million yen)

Breakdown of Metal &Plastics Industrial Machine

Change347423
4Others

3+76（+21.9%）+1（+27.0%）

25-7（-23.6%）

40-6（-13.8%）

Q1 FY2023Results

Controlsystems 32

Machine46
tools

70100Die359

Extrusion
135270270359Die

Casting
34

Adjustment
amountQ1 FY2023
Results

Injection

Injection+89（+32.8%）
Metal &plastics
industrialmachine

Q1 FY2024
Results

Q1 FY2024
Results

7

Extrusion
255

Casting33

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

Breakdown of Metal &Plastics Industrial Machine(Unit: 100 million yen)8Order Backlog (By Segment)(Unit: 100 million yen)

(Unit: 100 million yen)
Change2,134
Others4Controlsystems

58

1,514-620（-29.0%）

Breakdown of Metal &Plastics Industrial Machine

Machinetools 245
4＋0（＋3.3%）

43-15（-25.1%）

203-42（-17.1%）

Q1 FY2023
Results

Q1 FY2024
Results

Injection DieInjection

145 Casting-563（-30.8%）

186

111

1,826

Casting

1,826
Metal &plastics
industrialmachine

1,568

Q1 FY2023
Results

1,263

1,263
Extrusion

Q1 FY2024
Results

9Die

Extrusion
957119

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

(Unit: 100 million yen)

Operating profit＋13（+50.7％）

26

ChangeOrdinary profit

Net profit+10（+28.3％）＋3（+8.5％）

39Controlsystems

0Others-2(-%)

Others0Controlsystems

2

Controlsystems-24427
Metal &plastics
industrial
machineMachine
tools
(4)

-4

Q1 FY2023
Results

Metal &plastics
industrial
machineMachinetools
Others-2-2

Q1 FY2024
Results(-89.4%)

Machinetools+24434(-%)

26

Metal &plastics
industrial
machine+1729(+60.3%)
Q1 FY2023
Results

10

Q1 FY2024
Results

Q1 FY2023 Q1 FY2024
Results
Results

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

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

Q1 FY2024

Q1 FY2023

AmountPercentageResults

Results

ChangeChange

Net Sales

359

270+89+32.8%

Operating Profit

4427+17+60.3%

Profit Ratio

12.3%

10.2%

―+2.1pt

Performance Factor Analysis＋Positive Factors➢ Extrusion: Significant increase in LiB separator film production lines for EV in China.

-Negative Factors➢ Injection: Decrease in Japan and North America etc.

11

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

Q1 FY2024

Q1 FY2023

AmountPercentage

Results

Results

ChangeChangeNet Sales

4046-6- 13.8%

Operating Profit-2-4+2―- 5.2%

- 8.8%―+3.6pt

Profit Ratio

Performance Factor Analysis＋Positive Factors➢ Precision: Increase for optical in Japan.

-Negative Factors➢ Machine Tools: Decrease in Japan and North America etc.

12

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

Q1 FY2024

Q1 FY2023

AmountPercentage

Results

Results

ChangeChange

Net Sales

2532-7- 23.6%

Operating Profit

02-2- 89.4%

1.1%

7.7%

―- 6.6pt

Profit Ratio

Performance Factor Analysis＋Positive Factors➢ Engineering solutions reinforce.

-Negative Factors➢ Industrial Robot is low in China.

13

Ordinary Profit Analysis(Unit: 100 million yen)

+10(+28.3%)

６-15
-322

・Increase in logistics costs
due to sales expansion
・ Increase in personnel
costs, etc.

34

Q1 FY2023
Ordinary Profit-044

ScaleexpansionGrossmarginexpansion

SG&A

14

Currency
exchange

OthersQ1 FY2024
Ordinary Profit

Domestic and Overseas Sales(Unit: 100 million yen)➢➢JapanChina：：[Extrusion] [Precision] Increase[Injection] [Die Casting] [Machine Tools][Control Systems] Decrease[Injection] [Extrusion] [Machine Tools]
Increase[Precision] Decrease➢SE Asia➢

India

：

[Injection] Increase➢North：[Injection] [Machine Tools] Decrease

America

15[Injection] DecreaseOverseas Sales and Ratio (By Segment)(Unit: 100 million yen)

16

Balance Sheet(Unit: 100 million yen)17

Forecast of Consolidated
Financial Results for the YearEnding March 31, 2025
1) Financial Results Forecast2) R&D Expenses, Capital Expenditures,
Depreciation Expenses
3) Dividend Forecast
4) Purchase and cancellation of own
shares18FY2024 Financial Results Summary(Unit: 100 million yen)

FY2024 summary of business results forecast has not been changed from it announced
on May 13, 2024.
FY2024 Forecast(Announced on May.13,2024)(A)

FY2023

Increase/

Cumulative

Decrease(B)(A)-(B)Net sales

1,700

1,606+94

Operating profit

140136+4

Profit ratio
Ordinary profit
Profit ratio
Net profit attributableto owners of parent

Profit ratio
Orders received
Exchange rate(USD)

8.2%

126

8.5%

1467.4%

92

9.1%

179

5.4%

1,720

11.2%

1,211

145 yen
19151 yen

- 0.3pt- 20- 1.7pt- 87- 5.8pt+509

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

R&DExpenses

CapitalExpenditures

Depreciation
Expenses

Including MFLP Zama (SagamiLogistics Facility)

New plant inIndia etc.

Q1 result

Q1 result

FY2022
Results

FY2023Results

FY2024Plan

FY2022
Results

FY2023Results

20

FY2024Plan

FY2022
Results

FY2023Results

FY2024Plan

Dividend Forecast
FY2024 dividend forecast has not been changed from it announced on May 13, 2024.
Policy on Determination of Dividends
Our basic policy is to maintain stable dividends and to distribute profits in line with business performance
while strengthening our management structure to improve profitability.
With regards to retained earnings, we will make strategic decisions on future business development forthe purpose of continuous corporate growth, and effectively invest in strengthening human capital,
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, 2023

37.5 yen

70.0 yen

107.5 yen

40.3%

FY ended
March 31, 2024

70.0 yen

70.0 yen

140.0 yen

※ 52.1%

FY endingMarch 31, 2025
(Forecast)

70.0 yen

70.0 yen

140.0 yen

35.6%

※ Extraordinary profit (gain on sale of land) related to the commercialization of MFLP Zama (SagamiLogistics Facility) are excluded from net profit because it is used to acquire the equity interest in thebuilding constructed on the land of the transferred asset.
Additionally, the dividend payout ratio was calculated as a total payout ratio which includes treasury stockacquisitions announced on May 13, 2024.

21

Purchase and cancellation of own shares
Purchase and cancellation of own shares
The following share purchases and cancellations make to implement a flexible capital policy in response tochanges in the business environment, to improve capital efficiency to and enhance shareholder returns.

1.Details of matters relating to the acquisition of Own Shares(１) Class of shares to be purchased：Common shares(２) Total number of shares to be purchased：740,000 shares（maximum limit）(As of 30 June 2024. Total number of shares acquired:239,000 shares)(３) Total amount of share purchase costs：2 billion yen（maximum limit）(As of 30 June 2024. Total acquisition value of the shares:0.84 billion yen)
(４) Purchase period：From 14 May 2024 to 30 September 2024

2.Details of matters relating to the partial cancellation of treasury shares held
(１) Class of shares cancelled：Common shares(２) Total number of shares cancelled：1,600,000 shares(5.93% of total number of issued shares before cancellation)(３) Total number of shares issued after cancellation：
25,377,106 shares （including treasury shares)(４) Due date of cancellation：28 May 2024
(５) Percentage of issued shares after cancellation：4.77%

3. Policy of own stock holding
The maximum total number of treasury shares held by SHIBAURA MACHINE shall be set atapproximately 5% of the total number of shares issued, and any treasury shares exceeding thislimit shall in principle be cancelled.

22

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