DMG Mori : Abstract of Consolidated Monetary Statements for the second quarter of Fiscal Yr 2022 ended June 30, 2022 (IFRS foundation)

Observe: This doc has been translated from the Japanese unique for reference functions solely.

Within the occasion of any discrepancy between this translated doc and the Japanese unique doc, the latter shall prevail.

Date: August 4, 2022

Abstract of Consolidated Monetary Statements for the second quarter of Fiscal Yr 2022 ended June 30, 2022 (IFRS foundation)

(All monetary data has been ready primarily based on the unique Japanese-language doc, Abstract of Consolidated Monetary

Statements for the second quarter introduced on August 4, 2022)

Listed firm identify:	DMG MORI CO., LTD.
Inventory alternate itemizing:	Prime Part of Tokyo Inventory Alternate
Code Quantity:	6141	URL https://www.dmgmori.co.jp
Firm Consultant:	Masahiko Mori, President
Contact Individual:	Hirotake Kobayashi, Govt Vice President, Accounting / Finance HQ, Govt Officer
Telephone:	+81-(0)3-6758-5900

Submitting date of quarterly monetary statements: August 15, 2022

Estimated beginning date of dividend cost: September 9, 2022

Preparation of supplementary explanatory supplies: Sure

Holding of quarterly earnings launch convention: Sure

1． Consolidated enterprise outcomes of the second quarter ended June 30, 2022 (January 1, 2022 to June 30, 2022)

													(Observe: All quantities lower than a million are disregarded)
(1) Consolidated enterprise outcomes												(% of change from similar interval within the earlier yr)
									Revenue earlier than earnings				Revenue attributable to
		Gross sales revenues			Working revenue				Quarterly revenue			Complete earnings
									taxes					homeowners of the guardian
		million yen	%		million yen		%	million yen	%	million yen		%	million yen	%	million yen	%
Second quarter
		218,207	22.4		17,688		73.3	16,273	90.5	11,390		86.4	11,296	85.3	34,944	158.7
ended June 30, 2022
Second quarter
		178,246	15.5		10,208		320.1	8,544	–	6,111		–	6,097	–	13,506	–
ended June 30, 2021
		Primary earnings		Diluted earnings
		per share			per share
			Yen					Yen
Second quarter
			83.23					83.23
ended June 30, 2022
Second quarter
			40.57					40.53
ended June 30, 2021
(Observe) Earnings per share is calculated primarily based on the revenue which excludes revenue attributable to homeowners of different fairness devices.

1. Consolidated monetary place

				Ratio of fairness
			Fairness attributable to		Fairness per share attributable to
	Whole belongings	Whole fairness		attributable to homeowners of
			homeowners of the guardian		homeowners of the guardian
				the guardian
	million yen	million yen	million yen	%	yen
June 30, 2022	693,871	248,559	244,253	35.2	1,944.71
December 31, 2021	597,117	217,279	213,139	35.7	1,703.51
(Observe) Ratio of fairness attributable to homeowners of the guardian and fairness per share attributable to homeowners of the guardian are primarily based on the fairness quantity which incorporates
quantities of different fairness devices.

2．Dividends

			Dividends per share
Document Date	1Q	2Q	3Q	Yr-end	Annual
	yen	yen	yen	yen	yen
December 31, 2021	–	10.00	–	30.00	40.00
December 31, 2022	–	30.00
December 31, 2022 (Forecast)			–	40.00	70.00

(Observe) Revision of dividends forecast within the present quarter: No

3．Consolidated monetary forecast for Fiscal Yr 2022 (January 1, 2022 to December 31, 2022)

(% of change from similar interval within the earlier yr)

							Revenue attributable to
	Gross sales revenues		Working revenue					Primary earnings per share
							homeowners of the guardian
	million yen		%	million yen		%	million yen		%	yen
Full Yr 2022	450,000		13.6	45,000		95.1	28,000		108.0	209.80

(Observe)

Revision of consolidated monetary forecast within the present quarter: No

・Alternate fee used for consolidated monetary forecast for fiscal yr 2022: JPY 120.0 /USD 135.0 /EUR

4. Others

1. Adjustments in vital subsidiaries in the course of the second quarter ended June 30, 2022: No
2. Adjustments in accounting insurance policies utilized and adjustments in accounting estimates
3. 1. Adjustments in accounting insurance policies required by IFRS: No
   2. Adjustments in accounting insurance policies aside from the above: No
   3. Adjustments in accounting estimates: No
4. Variety of shares excellent (Frequent shares)
5. 1. Variety of shares excellent on the finish of the interval (together with treasury shares)

June 30, 2022:	125,953,683	December 31, 2021:	125,953,683
2. Variety of treasury shares on the finish of the interval
June 30, 2022:	485,039	December 31, 2021:	984,204

3. Common variety of excellent shares in the course of the interval (cumulative from the start of the interval)

January – June 2022: 125,200,543

January – June 2021: 124,342,276

(Observe) The Firm carried out trust-type worker inventory possession incentive plan in April 2018. Due to this fact, the shares of the corporate held by DMG MORI Worker Shareholders Affiliation Unique Belief are included within the variety of treasury shares on the finish of interval (499,500 shares as of December 31, 2021, and 6,600 shares as of June 30, 2022). As well as, the Firm’s shares held by the belief account are included within the treasury shares to be deducted within the calculation of the common

variety of shares in the course of the interval (813,300 shares from January 1 to June 30, 2021, and 271,629 shares from January 1 to June 30, 2022).

– Data relating to implementation of quarterly evaluation procedures

These quarterly monetary outcomes aren’t topic to quarterly evaluation procedures.

– Correct use of the monetary forecasts and different notes (Precautions relating to future descriptions)

The above forecast relies on data out there as of the discharge of this report and assumptions of a number of unsure elements which can have an effect on the corporate’s outcomes. Precise outcomes may be completely different from the above estimates on account of subsequent adjustments within the circumstances. Relating to Fiscal Yr 2022 (Forecast), please see “1. Qualitative Data Relating to Quarterly Settlement of Accounts (3) Clarification of forecasts and different projections” on web page 3.

(Find out how to receive supplementary explanatory supplies for quarterly monetary outcomes)

The supplementary explanatory materials for the quarterly monetary outcomes is scheduled to be posted on the Firm’s web site on August 4, 2022 (Thursday).

(Connected Paperwork) Index
1. Qualitative Data Relating to Quarterly Settlement of Accounts	……………………………………………………………………………………………………….2
(1)	Clarification of working outcomes …………………………………………………………………………………………………………………………………………………..	2
(2)	Clarification of economic place …………………………………………………………………………………………………………………………………………………..	3
(3)	Clarification of forecasts and different projections ……………………………………………………………………………………………………………………………….	3
2．Quarterly Consolidated Monetary Statements……………………………………………………………………………………………………………………………………..	4
(1)	Quarterly consolidated assertion of economic place ……………………………………………………………………………………………………………………..	4
(2)	Quarterly consolidated assertion of revenue or loss ……………………………………………………………………………………………………………………………	6
(3)	Quarterly consolidated assertion of complete earnings …………………………………………………………………………………………………………….	7
(4)	Quarterly consolidated assertion of adjustments in fairness …………………………………………………………………………………………………………………….	8
(5)	Quarterly consolidated assertion of money flows …………………………………………………………………………………………………………………………….	10
(6)	Notes to going concern assumption…………………………………………………………………………………………………………………………………………….	12
(7)	Notes to the quarterly consolidated monetary statements ………………………………………………………………………………………………………………..	12

1

1. Qualitative Data Relating to Quarterly Settlement of Accounts

1. Clarification of working outcomes

For the primary half of the fiscal yr 2022 (from January 1 to June 30), the gross margin continued to enhance because of the excessive demand for course of integration, automation, and digitization. Accordingly, the gross sales revenues had been JPY 218.2 bn. (EUR 1,625 mil.), the working revenue was JPY 17.7 bn. (EUR 132 mil.), the revenue earlier than earnings taxes had been JPY 16.Three bn. (EUR 121 mil.), the revenue attributable to homeowners of the guardian was JPY 11.Three bn. (EUR 84 mil.). (Euro quantity is transformed from yen at 134.Three yen, the common alternate fee between January 1 and June 30, 2022). The working revenue margin for the primary half of 2022 was 8.1% as a result of elevated logistics value and different elements. We’re aiming to succeed in over 10% in working revenue margin within the second half of 2022.

The continuing constructive pattern within the first half of 2022 resulted in a consolidated order consumption of JPY 299.Three bn., a rise of 37% year-on-year. Among the many driving elements had been the accelerating demand for automation and full turnkey manufacturing with 5-axis and mill-turn machines, and enormous initiatives from international firms. The consolidated order consumption was boosted by an elevated common machine unit worth of JPY 49.6 mil. (FY2021 common: JPY 39.Four mil.), which was achieved because of value-adding proposals to clients and the weak yen. The group firm Magnescale Co., Ltd. made a big contribution by attaining a excessive order consumption by its manufacturing and gross sales of ultra-precision measuring parts for semiconductor gear. Service and Spare Components additionally contributed by an order consumption enhance of 24% year-on-year.

In comparison with the primary half of fiscal yr 2021, the order consumption elevated in all areas. Japan elevated by 54% (composition ratio: 13%), Americas by 49% (19%), Europe by 32% (51%), China by 20% (11%) and Asia excluding China by 51% (6%). The order consumption additionally continues to be sturdy throughout all industries, particularly in industries equivalent to medical, area, die & mildew, EV, decarbonization know-how and semiconductor manufacturing gear.

We count on orders for machine instruments, particularly together with course of integration, automation, and digitization to proceed to develop all through the third quarter and past. Due to this fact, the order consumption forecast for the fiscal yr 2022 has been revised upward once more to exceed JPY 530 bn. (Preliminary plan: JPY 480 bn.). As well as, the order backlog is anticipated to extend from JPY 164 bn. on the finish of 2021 to JPY 244 bn. on the finish of June 2022, and to round JPY 240-250 bn. on the finish of December 2022. With a beneficiant quantity of order backlog, we’ll try to additional stabilize our enterprise efficiency.

As talked about in DMG MORI’s Mission Assertion, we intention to offer complete processing automation programs to clients, combining {hardware} and software program parts and optimized after-sales companies. In different phrases, DMG MORI gives machine instruments, distinctive merchandise, internally produced parts, and peripheral gear and thereafter establishes processing programs at clients’ amenities, upgrades machining processes for larger productiveness, maintains the programs, or gives financing.

On April 1, 2022, DMG MORI established “WALC Inc.”, a brand new subsidiary that focuses on AI, IoT and cloud computing know-how and so forth. By offering superior software program options, WALC Inc. goals at selling the digital transformation of producing firms. The corporate can also be actively recruiting and providing internships to develop abilities within the IT business.

Moreover, DMG MORI has launched the “Tutorial Bundle” to simply present the e-learning programs of DMG MORI’s Digital Academy to academic establishments, together with excessive faculties, technical schools, universities, and vocational coaching faculties. We additionally launched the “Course of Design Advisor” with video contents to review listed 5-axis machining for as much as 100 workpiece sorts as a part of the “Talent Up Service” on DMG MORI’s buyer portal “my DMG MORI”. We are going to proceed to develop the educational contents for 5-axis machining and mill-turn machines to additional help clients in bettering their productiveness.

As for technological innovation, we launched the software program “CELOS DYNAMICsubmit” to simply join CAM know-how with our DMG MORI machines. CELOS DYNAMICsubmit gives all Three essential features of post-processing, machining simulation and cutting-force optimization in a single built-in software program, sparing clients the necessity of buying separate software program merchandise. As well as, DMG MORI has launched its new machine NTX 500, probably the most compact mill-turn middle within the NTX sequence for processing of small-size & complex-shaped workpieces on 1 machine. The NTX sequence is specialised in integrating milling and turning processes, and the newly developed NTX 500 has the smallest flooring area within the sequence. We are going to proceed to develop extremely useful, dependable, and investment-worthy merchandise to fulfill the various wants of consumers.

On the gross sales entrance, we’re bettering the communication high quality with clients by enhancing our digital contents and rising alternatives for direct consultations. In Could, we held our Open Home occasion at our manufacturing web site in Pfronten, Germany. In June and July, we additionally participated within the Robotic Expertise Japan 2022 exhibition held in Aichi Prefecture, Japan. We additionally proceed to carry small-scale exhibitions “Expertise Fridays” at our areas worldwide. We are going to proceed to attach with our clients each digitally and in the true world to make the optimum proposals to their wants.

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DMG Mori Co. Ltd. revealed this content material on 04 August 2022 and is solely chargeable for the knowledge contained therein. Distributed by Public, unedited and unaltered, on 04 August 2022 02:36:07 UTC.

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All information about DMG MORI CO., LTD.

Gross sales 2022 469 B 3 519 M 3 519 M Internet earnings 2022 29 223 M 219 M 219 M Internet Debt 2022 29 804 M 224 M 224 M P/E ratio 2022 7,84x Yield 2022 3,90%

Capitalization 214 B 1 604 M 1 604 M EV / Gross sales 2022 0,52x EV / Gross sales 2023 0,45x Nbr of Staff 12 259 Free-Float 86,9%

Chart DMG MORI CO., LTD.

Length : Auto. 2 months Three months 6 months 9 months 1 yr 2 years 5 years 10 years Max. Interval : Day Week

Technical evaluation tendencies DMG MORI CO., LTD.

	Brief Time period	Mid-Time period	Lengthy Time period
Traits	Impartial	Impartial	Impartial

Revenue Assertion Evolution

Promote Purchase
Imply consensus	BUY
Variety of Analysts	6
Final Shut Worth	1 710,00 JPY
Common goal worth	2 403,33 JPY
Unfold / Common Goal	40,5%