Third Quarter Financial Resultsfor FY2018
January 30, 2019

Securities Code: 6455

https://www.morita119.com/en© 2019 MORITA HOLDINGS CORPORATION

Consolidated Performance (3Q)
bil. JPY
60
40bil. JPY

Net sales
43.5

52.8
42.4

+8%
50.3

54.2

6.0
4.0

20

2.0

0

0.0'14bil. JPY'15'17

Order Intake

60
50.9

40'16

60.1

60.4'18+11%
67.0

00'17'15'18+4%

5.2'16

3.7

3.9'17'18

Order Backlog

60

20'16'14

4.5+11%40

48.1'15

4.2

bil. JPY

20'14

Operating Income

36.1
25.724.1'14'15'16

40.1'17•

Net Sales increased by 8% YoY•

Operating income increased by 4% YoY•

Order intake increased by 11% YoY, and order backlog increased by 11%⁃

Increased in all segments⁃

Increased in 3 segments except for FFV⁃

Order intake increased in all segments year on year

44.5

'18

* FFV: Fire Fighting Vehicles *FPES: Fire Protection Equipment & Systems *RM: Recycling Machines *ECV: Environmental Conservation Vehicles© 2019 MORITA HOLDINGS CORPORATION

2Performance Composition by Quarter
Net Salesbil. JPY

1Q

100908071.928.5(40%)

50
40
3020
100

3Q

85.1

70
60

2Q

20.1(28%)68.6

32.2(38%)

4Q

85.5

35.2(41%)

Operating Incomebil. JPY

1Q

11926.2(39%)

3Q

4Q

9.6

88.0

33.8(38%)

2Q

8.5

8.2
7.5

7

4.1(49%)9.2

4.4(46%)
4.8(56%)

3.0(40%)5.3(58%)523.2(27%)20.5(30%)

22.7(27%)

18.6(22%)16.8(20%)22.3(25%)3
19.8(22%)15.7(22%)13.6(20%)7.7(11%)8.3(12%)11.0(13%)10.7(12%)12.1(14%)'14'15'16'17'181-1

3.2(38%)3.0(40%)1.5(18%)1.5(19%)-0.5

0.03(-6%)'143.4(35%)
2.8(33%)2.1(21%)

2.8(30%)1.3(15%)

1.6(18%)-0.2-0.3(0%)(-2%)-0.6(-4%)'15'16'17(-6%)'18© 2019 MORITA HOLDINGS CORPORATION

3

Outlook for Segment Performance (Full year)
Net Salesbil. JPY

20176040+3%
49.8

51.5+1%

20

21.3

+9%

21.5
4.1

0FFV

FPES

4.5

+2%
10.3

10.5

RM

ECV

+4%+14%

Operating Incomebil. JPY

201782018E+9%642018E

5.5

6.0+9%

22.10FFV

2.3

FPES

0.19

0.20

RM

0.60.7

ECV© 2019 MORITA HOLDINGS CORPORATION

4

Fire Fighting Vehicles (3Q)
bil. JPY
40

bil. JPY
4.0Net Sales
+3%

30

30.4

20

21.1

10

28.6

29.5

18.5'14bil. JPY
50'15

2.0'16

42.9

30

33.6

20'17

42.0'18+10%bil. JPY40

46.230100'14'15

-14%

2.8

2.5'14'15

2.4'16'17'18'16'17'18

Order Backlog
+13%

20

28.6

100

2.9

1.0

Order Intake

40

3.7

3.00.00

Operating Income

17.3'1426.5

26.8'16'1730.214.0'15•

Net sales increased by 3% YoY•

Operating income decreased by 14% YoY•

Order intake increased by 10% YoY, and order backlog increased by 13%,remaining robust⁃

While delay in issuing import license occurred in China, domestic sales increased steadily⁃

Due to the cost for an exhibition and the influence of product and geographic mix⁃

Both domestic and overseas have grown steadily'18© 2019 MORITA HOLDINGS CORPORATION

5Fire Protection Equipment & Systems (3Q)
bil. JPY
15Net Sales
12.1

1012.912.2+19%12.014.3

bil. JPY
1.0
0.8
0.6

Operating Income
1.00.9

0.9

0.7

0.4

5+63%

0.5

0.2

0'14

bil. JPY
10'15'16

Order Intake

88.2

7.4

64'17'18+1%8.3bil. JPY
1000'16'17'18'16'17'18

Order Backlog

62'15'15

82'14'14

6.5

4

5.2

5.1

0.0

3.8
1.9'14'15

-11%
5.7

2.9'16'17'18•

Net sales increased by 19% YoY•

Operating income increased by 0.3 billion yen YoY•

Order intake increased by 1% YoY, and order backlog decreased by 11% but still
remain robust⁃

Sales of SPRINEX increased against a backdrop of the abundant order backlog at the beginning of thefiscal year⁃

Positive impact by the increase in sales of SPRINEX⁃Remain robust due to the growth of SPRINEX for apartment houses© 2019 MORITA HOLDINGS CORPORATION

6

Recycling Machines (3Q)
bil. JPY
5.0
4.0
3.0

3.4

2.0

+26%

3.9
2.9

1.0
0.0

bil. JPY
0.25

Net Sales'14'15'16

2.4'17bil. JPY
5Order Intake

44.5

4.2

3

3.7

2

3.0

3.10.100.00

+24%

4

3.7

3200'16'17

0.01'14bil. JPY
51'15'18

0.2

0.15

1'14

0.2

0.20

0.05'18

Operating Income +429%'150.03

0.04'16'17'18

Order backlog+22%
3.2'14

3.0'152.4

2.5'16'17•

Net sales increased by 26% YoY•

Operating income increased by 0.2 billion yen YoY•

Order intake increased by 24% YoY, and order backlog increased by 22%⁃

Sales of products, maintenance and service progressed well⁃

Profit expanded in accordance with the increase in sales⁃

Order intake progressed solidly

3.1'18© 2019 MORITA HOLDINGS CORPORATION

7Environmental Conservation Vehicles (3Q)
bil. JPY
8Net Sales

66.8

7.1

7.3

7.2

+2%

bil. JPY
1.0

7.3

0.8
0.4

2

0.2'14bil. JPY
108'16'17

Oder Intake
8.0

6'15

7.5

8.3

'18
+22%

0.0

8.9
7.3

2'14'15'16'17'14'18

0

+30%
0.4

0.3
'15

'17'18Order Backlog

+25%

'16

5.5

42

0.8

0.4

bil. JPY
640

0.9

0.6

40

Operating Income

3.2

3.4

'14'154.4

4.4'16'17•

Net sales increased by 2% YoY•

Operating income increased by 30% YoY•

Order intake increased by 22% YoY, and order backlog increased by 25%'18⁃

Sales of parts and maintenance increased steadily⁃

Due to the normalization of delay in production line caused by the relocation of factory in May 2017⁃

Strong demand for both sanitary vehicles and garbage collectors© 2019 MORITA HOLDINGS CORPORATION

8This document contains forward-looking statements. Where any such forward-looking statement
includes a statement of the assumptions, bases underlying such a forward-looking statement, oreconomic environment in the primary markets and fluctuations of demand and supply, MoritaHoldings cautions that assumed facts for bases almost always vary from the actual results, anddifferences between assumed facts or bases and actual results can be material, depending upon thecircumstances. Where, in any forward-looking statement, Morita Holdings or its management
expresses an expectation or belief as to future results, there can be no guaranty or assurance thatthe statement of expectation or belief will result or be achieved or accomplished. The words“forecast”, “project”, “believe”, “expect”, “anticipate”, and similar expressions may identify forwardlooking statements.
Taking into account the foregoing, the following are identified as important factors, risks oruncertainties that cause the actual results to differ materially from those expressed in any forwardlooking statement made by, or on behalf of, Morita Holdings: competitive factors, including and not
limited to, pricing, the implementation of Morita Holdings’ product strategies, and economic trends inimportant markets worldwide.
Morita Holdings assumes no obligation to update its forward-looking statements or to advise of
any changes in the assumptions and factors on which they are based.
© 2019 MORITA HOLDINGS CORPORATION