Meitec : Presentation materials with note (1.90MB)

Results for the Fiscal Year Ended March 31, 2023

May 11, 2023

MEITEC CORPORATION

President and CEO, COO

MEITEC Group CEO

Hideyo Kokubun

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INDEX

1. Results for the Fiscal Year Ended March 31, 2023
2. New Mid-term Management Plan [2023-2025]
3. Forecast for the Fiscal Year Ending March 31, 2024
4. Reference Materials

(Note) This document has been translated from the Japanese original for reference purposes only. In the event of any
discrepancy between this translation and the Japanese original, the original shall prevail.	5

• Now, I would like to present the results for the fiscal year ended March 31, 2023, the Group's new three-yearMid-term Management Plan, and our forecasts for the fiscal year ending March 31, 2024.

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1. Results for the Fiscal Year

Ended March 31, 2023

• First, I would like to present the results for the fiscal year ended March 31, 2023.

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Results for the Fiscal Year Ended March 31, 2023 (Group Consolidated)

• Net sales rose 11.1% year on year while operating profit rose 28.4%
• Profit rose 32.6% year on year due to decreased tax burden on Meitec and Meitec Fielders

	(Fractions of one million yen	FY ended	FY ended March.	YoY	％	Past Forecast	Progress toward the
	March. 31, 2022	31, 2023	Amount	Change	FY forecast
	are rounded down)
Net sales	107,140	119,069	＋11,928	＋11.1%	119,500	(431)
Cost of sales	78,917	86,360	＋7,442	＋9.4%	86,700	(340)
	Cost of sales to Net sales	73.7%	72.5%	(1.1%)
SG&A Expenses	15,405	16,245	＋840	＋5.5%	17,000	(755)
Operating profit	12,817	16,462	＋3,645	＋28.4%	15,800	＋662
	Operating profit margins	12.0%	13.8%	＋1.9%		13.2%	＋0.6%
Ordinary profit	12,948	16,540	＋3,592	＋27.7%	15,900	＋640
Extraordinary income & loss	(5)	(3)	＋2
Profit before income taxes	12,942	16,537	＋3,594	＋27.8%
Profit attributable to owners of parent	9,240	12,252	＋3,011	＋32.6%	10,900	＋1,352
	Profit margins	8.6%	10.3%	＋1.7%
Return on Equity (ROE)	20.6%	26.6%	＋6.0%
Ordinary profit to total assets ratio	16.5%	19.9%	＋3.4%

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• This shows the Group's consolidated results.
• In the fiscal year ended March 31, 2023, the economy continued its moderate recovery with the gradual easing of restrictions on movement caused by COVID-19 as well as the progress made in the normalization of social and economic activities. That said, the economic outlook remained uncertain due to a tense international situation, higher resource prices, and other factors.
• Meanwhile, major manufacturing firms that are our main clients have continued to invest in technological development, which also led to a favorable environment for our orders.
• As a result, net sales rose 11.1% year on year to ¥119,069 million and operating profit rose 28.4% year on year to ¥16,462 million.
  Profit attributable to owners of parent increased by 32.6% year on year to ¥12,252 million mainly due to the decrease in the tax burden for both Meitec and Meitec Fielders from the application of tax credits for promotion of salary increases.
• Net sales fell slightly short of our forecast due to lower working hours than in our forecast.

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Results for the Fiscal Year Ended March 31, 2023 (Business Domains)

• Both sales and profit increased in the Engineering Solutions Business and the Recruiting & Placement Business for Engineers year on year.

(Fractions of one million yen are rounded down)

Sales of Engineering Solutions Business

Component ratio

Operating profit

Sales of Recruiting & Placement Business for Engineers

Component ratio

Operating profit

FY ended March.	FY ended March.	YoY	％
31, 2022	31, 2023	Amount	Change
105,715	117,456	＋11,740	＋11.1%
98.7%	98.6%	(0.0%)
12,343	15,915	＋3,572	＋28.9%
1,530	1,681	＋151	＋9.9%
1.4%	1.4%	(0.0%)
474	547	＋72	＋15.3%

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• This shows the results for the Meitec Group by business domains.
• Both sales and profit increased year on year in the Engineering Solutions Business as well as the Recruiting & Placement Business for Engineers.

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