Torishima Pump Mfg : Presentation Material of Consolidated Financial Results for the 1st quarter FY2023
August 24, 2023 at 12:31 am EDT
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Consolidated Financial Results for the 1st quarter of FY2023
(April 1st 2023 ~ June 30th 2023)
< Aug 10th 2023 >
TORISHIMA PUMP MFG.CO.,LTD.
Securities Code : 6363
www.torishima.co.jp/en
Torishima Pump Mfg. Co., Ltd.
1
FY2023 1Q Financial Results Outline
Orders Received
Sales
Operating Income
Ordinary Income
Billions of yen
20.5
17.3
1.2
1.0
Y0Y
-4.7-18.7% +6.3 +57.3% +0.9 +300% +0.6 +150%
Net Income
…
0.9
+0.8 +800%
Torishima Pump Mfg. Co., Ltd.
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FY2023 1Q Consolidated Financial Results
-Orders received: 23.2% decreased in public sector, 5.3% increased in private sector, and the overseas sector saw a 20.8% decline (due to a large project in the previous
fiscal year), Overall orders received progressed steadily against the annual plan.
-Sales: 22.6% decreased in public sector, 44.7% increased in private sector, and 107.8% increased largely in overseas sector due to the start of recording sales from
large projects, and overall sales were up 57.3% to 17.3 billion yen.
-Profit: Despite an increase in SG&A expenses, including personnel costs increases and sales commissions, operating income rose sharply driven by higher sales.
Despite a non-operating foreign exchange loss of approximately 400 million yen, net income increased substantially due to extraordinary gains, including a
valuation gain resulting from the consolidation of a subsidiary.
Billions of yen
FY2022 1Q
FY2023 1Q
YOY
FY2023
Progress
Amount
%
Full-year plan
Orders Received
25.2
20.5
-4.7
▲18.7%
70.0
29.3%
Sales
11.0
17.3
+6.3
+57.3%
75.0
23.1%
Gross Operating Income
3.1
4.8
+1.7
+54.8%
(Gross profit margin)
(28.2%)
(27.7%)
(-0.5pt)
―
SG&A expense
2.7
3.7
+1.0
+37.0%
Operating income
0.3
1.2
+0.9
+300%
6.8
17.6%
(Operating profit margin)
(2.7%)
(6.9%)
(+4.2pt)
―
(9.1%)
Non-operating
0.1
-0.2
-0.3
―
―
―
Profit or loss
Ordinary income
0.4
1.0
+0.6
+150%
6.3
15.9%
Extraordinary
-0.1
0.2
+0.3
―
―
―
profit or loss
Net income
0.1
0.9
+0.8
+800%
4.6
19.6%
*Foreign exchange rate（1USD)
¥136.68-30.06.2022
¥144.99-30.06.2023
assumptions:¥135
Torishima Pump Mfg. Co., Ltd.
3
FY2023 1Q Financial Results
（Non-consolidated / Subsidiaries）
■ Non-consolidated
■ Subsidiaries*
Billions of yen
FY2022
FY2023
YOY
FY2022
FY2023
YOY
1Q
1Q
Amount
%
1Q
1Q
Amount
%
Sales
8.5
13.3
+4.8
+56.5%
4.0
5.7
+1.7
+42.5%
Gross Operating Income
1.9
3.1
+1.2
+63.2%
1.3
2.0
+0.7
+53.8%
(Gross profit margin)
(22.4%)
(23.3%)
(+0.9pt)
(32.5%)
(35.1%)
(+2.6pt)
SG&A expense
1.7
2.3
+0.6
+35.3%
1.1
1.5
+0.4
+36.4%
Operating income
0.2
0.8
+0.6
+300%
0.2
0.5
+0.3
+150%
(Operating profit margin)
(2.4%)
(6.0%)
(+3.6pt)
(5.0%)
(8.8%)
(+3.3pt)
In addition to the recording of sales from large overseas projects, the yen's depreciation led to a significant increase in sales.
Despite an increase in SG&A expenses such as personnel costs and sales commissions, operating income rose sharply due to the increased revenue (especially a large increase in overseas sales) and stable profit margins.
- Overall, sales activity completey returned to pre- Covid levels, with a significant increase in sales.
- Significant increase in profits due to large increase in sales and profit margins of service companies with high profit margins.
*Subsidiary financial results are before consolidation adjustments. Therefore, non-consolidated + subsidiary does not = consolidated results.
Torishima Pump Mfg. Co., Ltd.
4
Orders received, Sales and Orders backlog by sector
Millions of yen
FY2022.1Q
FY2023.1Q
Orders
Sales
Orders
Orders
Sales
Orders
Received
Backlog
Received
Backlog
Public sector
5,796
3,290
17,778
4,448
2,546
22,882
YOY rate
29.3%
14.2%
6.0%
-23.2%
-22.6%
28.7%
Private sector
2,543
2,083
8,656
2,677
3,016
10,160
YOY rate
-13.6%
-10.9%
18.1%
5.3%
44.7%
17.3%
Overseas
16,852
5,661
51,637
13,344
11,767
58,382
YOY rate
118.5 %
-3.6%
83.0%
-20.8 %
107.8%
13.0%
Total
25,192
11,036
78,072
20,471
17,331
91,426
YOY rate
66.4%
-0.5%
49.2%
-18.7%
57.0%
17.1%
Torishima Pump Mfg. Co., Ltd.
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Torishima Pump Mfg. Co. Ltd. published this content on 24 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2023 04:30:02 UTC.
Torishima Pump Mfg. Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of various pumps, pump plants and related products, as well as the provision of related services. The Pump segment is engaged in the manufacture, sale and installation of pumps, pump plants, mechanical seals and other pump related equipment, as well as the provision of related services. The Environment segment is engaged in the manufacture and sale of environmental equipment, as well as the planning, manufacture and sale of recycling products from various wastes. The New Energy segment is engaged in the sale and installation of wind power generation equipment and small hydroelectric generation equipment, as well as the provision of electricity.
TORISHIMA PUMP MFG. CO., LTD. 
