Investor Presentaiton
Key Points
<Second Quarter Financial Results>
Strong sales overseas, but domestic sales decreased due to the impact of a pullback
effect with withdrawal of subsidies and falling rice prices.
Domestic:
Pullback effect with withdrawal of government subsidies for
business continuity, etc., which had stimulated demand in the
same period of the previous year
Decrease in purchasing power due to falling rice prices
Overseas: Sales increase in all regions
(North America) Compact tractors market entered an adjustment phase, but
orders to recover the local inventory levels were brisk.
(Europe)
Delay in recording part of sales due to a system failure at an
OEM partner
Strong sales as we catered to lifestyle changes
Earnings: Soaring raw material prices and supply chain disruption put pressure on
earnings
Increase in SG&A expenses, such as distribution cost
<Full-year Forecast>
No revision to the initial forecast
夢ある農業応援団と *
ISEKI TRANSFORMATION
IX2025
2Q Net Sales
(JPY bn, %)
86.6
82.2
86.7
77.5 72.2
Domestic
22.3%
22.7% 20.8%
27.7%
33.6%
Overseas
2Q
FY2018 FY2019 FY2020 FY2021
2Q
2Q
2Q
FY2022
2Q
2Q Operating Income, Ratio
(JPY bn, %)
4.7
2.5
2.1
1.6
1.2
2Q
[Operating Margin]
2.7% 2.1% 1.8%
FY2018 FY2019 FY2020
2Q
2Q
5.4% 3.0%
FY2021 FY2022
2Q
2Q
Financial Results Briefing for the Second Quarter of the Fiscal Year Ending December 31, 2022
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