© Azbil Corporation. All rights reserved.
Presentation Materials Summary
for the First Quarter of Fiscal Year 2023
(Ending March 31, 2024)
(Based on Japanese GAAP)
August 8, 2023
Azbil Corporation
RIC: 6845.T, Sedol: 6985543
This is a brief summary and is provided to disclose information to investors and our shareholders in a
timely and appropriate manner. We plan to announce the complete version on August 10, 2023.

2
© Azbil Corporation. All rights reserved.
Highlights
1. Consolidated Financial Results for the First Quarter of FY2023
Owing to a slump in the semiconductor market conditions and to the fact that this was a period when few multi-year
service contracts were up for renewal, orders received declined. However, thanks to strengthened procurement and
production capabilities, order backlog was steadily converted into sales. Profits rose significantly due to this increased
revenue and the effect of measures to strengthen profitability.

Orders received were 84.3 billion yen (down 8.4 billion yen or 9.1% on the same period of FY2022). This was partly due to the sluggish
semiconductor manufacturing equipment market, but also to the fact that this was a period when few multi-year service contracts were up for
renewal. However, the order backlog attained a high level at 180.1 billion yen (up 6.8 billion yen or 4.0% on the same period of FY2022).

Revenue increased thanks to the growth in orders received in FY2022 as well as expanded production, reflecting strengthened procurement and
production systems. Net sales were 61.2 billion yen (up 5.1 billion yen or 9.2% on the same period of FY2022).

Despite an increase in expenses for R&D, DX, and other expenses, operating income was 4.6 billion yen (up 2.4 billion yen or 114.6% on the same
period of FY2022). This resulted from higher revenue and measures to enhance profitability, including cost pass-through.
2. Consolidated Financial Plan for FY2023
No revision to the initial financial plan. Despite the uncertainty in some business environments, we plan to increase both
net sales and operating income for the third consecutive fiscal year by making further progress with sustainable growth
for our business portfolio—in which the three segments (BA, AA, LA) each operate in different market environments—and
with measures to enhance profitability.

The BA business continues to benefit from robust market conditions in Japan and overseas. Also, demand remains firm for plant maintenance and
repair in the AA business and for meter replacement in the LA business, although the cyclical demand for LP gas meters is at a low ebb.

Harnessing the progress we made during FY2022 in strengthening procurement and production capabilities, we aim to continue increasing revenue
by steadily converting the large order backlog into sales.

We aim to set a new record for operating income by implementing measures to enhance profitability, such as increasing margins at the point of order
receipt and effecting cost pass-through.
3. Returning Profits to Shareholders

The Company plans to make an FY2023 annual dividend of 73 yen per share; this will represent the ninth consecutive year of dividend
increases.
Based on the continuation of stable dividend payments, we aim to further improve the dividend on equity (DOE) ratio (4.4% for FY2022).

We are repurchasing the Company’s own stock (up to a maximum of 10 billion yen or 4 million shares)
and plan to cancel all of the treasury
shares thus acquired.

3
© Azbil Corporation. All rights reserved.
Consolidated Financial Results

Orders received fell short of the high
level achieved in the same period of
FY2022, when multi-year service
contracts were renewed. Sluggish
conditions in some markets also
contributed to this decrease.

Net sales rose, reflecting the
increase in orders received in
FY2022 as well as the steady
progress made in procurement and
production.

Operating income also rose
significantly on increased revenue
and measures to enhance
profitability, including cost pass-
through.
* The impact of foreign exchange rate fluctuations (compared with the same period of FY2022)
+1.2 billion yen for net sales, +0.1 billion yen for operating income
The impact of foreign exchange rate fluctuations is derived from the difference in rates, between the
previous and current periods, used to convert overseas subsidiaries’ P/L into yen from the local currency.
(Billions of yen)
FY2022
FY2023
Q1
Q1
(A)
(B)
(B) - (A)
% Change
Orders received
92.8
84.3
(8.4)
(9.1)
Net sales
56.0
61.2
5.1
9.2
Japan
43.3
46.6
3.3
7.7
Overseas
12.7
14.5
1.8
14.3
Gross profit
20.8
24.7
3.8
18.4
Margin
37.2
40.4
3.1pp
SG&A
18.7
20.0
1.3
7.2
Operating income (loss)
2.1
4.6
2.4
114.6
Margin
3.9
7.6
3.7pp
Ordinary income (loss)
3.3
5.6
2.3
71.1
3.3
5.6
2.3
70.6
2.0
3.7
1.6
79.1
Margin
3.7
6.1
2.4pp
Income (loss) before income taxes
Net income (loss) attributable to
owners of parent
Difference

4
© Azbil Corporation. All rights reserved.
Financial Results by Segment

Orders received decreased in the AA
business due to a slump in the
semiconductor manufacturing
equipment market; there was also a
decrease in the LA business, and in
the BA business, which saw a high
level of orders in the same period of
FY2022 with the renewal of multi-year
service contracts.

Sales rose mainly in the BA and AA
businesses, reflecting the increase in
orders received in FY2022.

Segment profit also rose in all
businesses thanks to increased
revenue and initiatives to strengthen
profitability, including cost pass-
through.
（Billions of yen）
FY2022
FY2023
Q1
Q1
(A)
(B)
(B) - (A)
% Change
■
B A
Orders received
48.9
46.4
(2.5)
(5.2)
Sales
23.5
24.9
1.3
5.7
Segment profit (loss)
0.0
0.4
0.3
847.3
Margin
0.2
1.7
1.5pp
■
A A
Orders received
31.2
25.7
(5.5)
(17.6)
Sales
21.1
24.8
3.7
17.6
Segment profit (loss)
2.0
3.8
1.8
92.9
Margin
9.6
15.7
6.1pp
■
L A
Orders received
13.1
12.7
(0.4)
(3.3)
Sales
11.7
11.9
0.2
1.8
Segment profit (loss)
0.0
0.3
0.2
287.4
Margin
0.7
2.8
2.1pp
Difference

5
© Azbil Corporation. All rights reserved.

No change to the initial financial plan.
Despite the uncertainty in some business environments, we plan to increase both net sales and operating income for the
third consecutive fiscal year by making further progress with sustainable growth for our business portfolio—in which the
three segments (BA, AA, LA) each operate in different market environments—and with measures to enhance profitability.
—
Although demand is uncertain in the semiconductor manufacturing equipment market, the BA business is benefitting
from robust market conditions in Japan and overseas. Also, process automation market in the AA business and the
Lifeline field in the LA business remain firm thanks to the maintenance and replacement demand.
—
Harnessing the progress we made during FY2022 in strengthening procurement and production capabilities, we aim to
continue increasing revenue by steadily converting the large order backlog into sales.
—
Despite concerns about the continuing impact of price hikes of parts and inflation, we aim to set a new record for
operating income by implementing measures to enhance profitability, such as increasing margins at the point of order
receipt and effecting cost pass-through.
—
We will continue and expand investment for growth—in R&D, equipment and facilities, DX, and human capital.
Reference: Exchange rate
FY2022 USD/JPY: 132, EUR/JPY: 138, CNY/JPY: 19.5
FY2023 USD/JPY: 130, EUR/JPY: 140, CNY/JPY: 19.0
Consolidated Financial Plan
(Billions of yen)
FY2022
FY2023
Difference
Full year
(results)
H1
(plan)
H2
(plan)
Full year
(plan)
(A)
(B)
(B) - (A)
% Change
Net sales
278.4
129.3
152.7
282.0
3.5
1.3
Operating income
31.2
9.7
22.3
32.0
0.7
2.4
Margin
11.2
7.5
14.6
11.3
0.1pp
Ordinary income
32.1
9.7
22.4
32.1
(0.0)
(0.1)
Net income attributable to
owners of parent
22.6
7.6
16.2
23.8
1.1
5.3
Margin
8.1
5.9
10.6
8.4
0.3pp

6
© Azbil Corporation. All rights reserved.
Plan to Further Improve Shareholder Returns in Accordance with the Basic Policy
FY2023
dividend
Repurchase of
own stock
and
cancellation of
treasury shares
Investments
Giving due consideration to ensuring a disciplined capital policy and capital efficiency
,
we are repurchasing the Company’s own stock of
10 billion yen
(or 4 million shares).
We will also
cancel all of the treasury shares
thus acquired.
As regards the annual dividend for FY2023,
the Company plans an annual dividend of
73 yen
per share.
(+7 yen compared with FY2022)
In order to strengthen product competitiveness, we will strengthen capital investment
and R&D.
We plan to spend 11.1 billion yen in capital investment and 13.2 billion
yen in R&D.
In accordance with our basic policy—promoting shareholder returns, investment in
growth and healthy financial foundation—we are repurchasing the Company’s own stock
and will cancel treasury shares and increase dividends while investing in growth,
including R&D, capital investment, DX and human capital.
Reference
Progress of repurchase until July 31, 2023: 1,462,400 shares (6.5 billion yen)

7
© Azbil Corporation. All rights reserved.
Trend of Shareholder Returns

In FY2023 it is planned to increase dividends for the ninth consecutive fiscal year. DOE is expected
to be 4.7%.
• The dividend per share and the number of treasury shares repurchased have been retroactively revised,
taking into account the effects of the 2-for-1 common stock split effective.
Total amount of own
stock repurchased
(billions of yen)
1.9
2.9
4.9
9.9
9.9
9.9 10.0
Number of shares
repurchased
(millions of shares)
1.20
1.42 1.87 3.71
2.25 2.67 4.00
31.0 31.5 31.5 31.5 31.5 31.5 33.5
38.5 41.0
46.0
50.0
55.0
60.0
66.0
73.0
3.6
3.6
3.5
3.4
3.3
3.1
3.1
3.5
3.5
3.7
3.9
4.0
4.2
4.4
4.7
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
50.0
55.0
60.0
65.0
70.0
75.0
80.0
FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
Dividend per share
Dividend on equity (DOE)
(Yen)
(plan)
(plan)
(plan)
(plan)
(%)

8
© Azbil Corporation. All rights reserved.
Notes
1. Financial data and financial statements have been prepared based on Japanese GAAP and the amounts have been
rounded down.
2. The following are the azbil Group’s segments (each identified by abbreviation) together with the various sub-segments and
their principal business fields.
BA: Building AutomationAA: Advanced Automation
・Control Product (CP) business: Supplying factory automation products such as controllers and sensors
・Industrial Automation Product (IAP) business: Supplying process automation products such as differential pressure
transmitters, pressure transmitters, and control valves
・Solution and Service (SS) business: Offering control systems, engineering service, maintenance service, energy-
saving solution service, etc.
LA: Life Automation
・Lifeline field: Provision of gas meters and water meters, safety equipment such as alarms and automatic shut-off
valves, regulators and other products for industry
・Life Science Engineering (LSE) field: Provision of integrated solutions from the development, engineering, installation,
and sale of lyophilizers, sterilizers, and clean environment equipment to after-sales services for pharmaceutical
companies and research laboratories
・Lifestyle-related field: Provision of residential central air-conditioning systems for houses
3. Net sales for the azbil Group tend to be low in the first quarter of the consolidated accounting period and highest in the
fourth quarter. However, fixed costs are generated constantly. This means that profits are typically lower in the first quarter
and higher in the fourth quarter.

9
© Azbil Corporation. All rights reserved.
IR Inquiries and Disclaimer
Phone: +81-3-6810-1031
Email:
azbil-ir@azbil.com
Azbil Corporation
Investor Relations
Inquiries regarding investor relations
The projections are based on management’s assumptions, intent and
expectations in light of the information currently available to it, and
therefore these statements are not guarantees of future performance.
Due to various factors in the future, actual results may differ from financial
targets in the materials.
Disclaimer