Toyo Denki Seizo K K : Financial Results Briefing for the Fiscal Year Ended May 31, 2023
July 13, 2023
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Financial Results Briefing
for the Fiscal Year Ended
May 31, 2023
July 14, 2023
Toyo Denki Seizo K.K.
Program
Briefing on Financial Results: 40 minutes
Overview of Financial Results for the Fiscal Year Ended May 31, 2023
Financial Results Forecast for the Fiscal Year Ending May 31, 2024
Medium-TermManagement Plan
Q&A: 20 minutes
1
1. Overview of Financial Results for the Fiscal Year Ended May 31, 2023
(From June 1, 2022 to May 31, 2023)
2
1-1. Overview of Consolidated Financial Results
Orders received increased significantly and the business is on a recovery trend. Both net sales and profit increased from a year earlier thanks to efforts to improve profitability despite ongoing difficulties in procuring parts and materials
100 million yen
FYE May
FYE May
YoY Change
FYE May
Change vs. Forecast
2023
2022
2023
%
Forecast
%
Orders received
304.4
332.4
＋27.9
+9.2%
346.0
-13.5
96.0%
Net sales
301.5
310.2
＋8.6
+2.9%
340.0
-29.7
91.3%
Operating profit
1.7
5.1
＋3.4
+201.1%
4.5
＋0.6
115.0%
(%)
(0.6%)
(1.7%)
(+1.1pt)
-
(1.3%)
(+0.4pt)
-
Ordinary profit
7.6
9.8
＋2.2
+28.8%
7.0
＋2.8
141.0%
Profit
-9.3
8.2
＋17.5
-
8.0
＋0.2
103.1%
[Net income per share (yen)]
-104.02
91.85
+195.87
-
89.48
+2.37
-
ROE
-4.0%
3.5%
+7.5pt
-
Ratio of overseas
14.5%
19.7%
+5.2pt
-
sales to net sales
3
Review of the Business Environment for the Fiscal Year Ended May 31, 2023
Transportation
Business
Industry
Business
ICT Solution
Business
Demand for new rolling stock production and equipment upgrades, which had been suppressed, is increasing as restrictions on activities due to COVID-19 are eased and the business performance of domestic railway operators has been recovering.
Overseas, economies are gradually recovering in many countries, and in China, orders for maintenance parts and new projects also increased.
There is strong activity related to capital investment in many industries, and inquiries to Toyo Denki Seizo K.K. (the "Company") are increasing. On the other hand, as a result of the rapid shift toward electrification, some companies have been reconsidering capital investment in testing machines for automobile development.
Prolonged difficulties in procuring parts and materials continue to impact the Company's production processes.
Software improvements for station equipment increased as a result of the opening of new lines and fare/tariff revisions including barrier-free fares.
Railway operators continue their initiatives to improve passenger convenience, handle inbound traffic, and improve operational efficiency.
4
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Disclaimer
TOYO Electric Mfg. Co. Ltd. published this content on 14 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2023 06:10:09 UTC.
TOYO DENKI SEIZO K.K. is a Japan-based company mainly engaged in the manufacture and sale of electrical machinery and equipment for the transportation, industrial and information equipment business, and related work. It operates through three business segments. Transportation business is engaged in manufacture and sale of electrical equipment for railway vehicles, new transportation system vehicles, special vehicles, and power storage devices for railways, and related work. Industrial business is engaged in manufacture and sale of industrial production and processing equipment systems, automotive test systems, power generation and power supply systems, water and sewage equipment systems, on-board electrical equipment, and other ancillary works. Information Equipment business is engaged in manufacture and sale of stationery system equipment, remote monitoring system equipment, information system-related equipment, and other related works. It is also engaged in worker dispatch business.
TOYO DENKI SEIZO K.K. 
