On February 14, 2025, Ebara Group released its FY2024 financial report with record performance. The Group's overall order intake, sales and operating income set new records for the fourth consecutive year, demonstrating strong market competitiveness and continuous growth.
For the full year 2024, the Ebara Group's annual order intake amounted to 860.5 billion yen, with an increase of 4.9% year-on-year; sales amounted to 866.6 billion yen, with an increase of 107.3 billion yen compared with the previous year, and an increase of 14.1% year-on-year; and operating income of 97.9 billion yen with operating income margin of 11.3%.
Among them, the overseas market grew significantly, with the share of overseas market in all sales increasing to 66% in 2024, a growth rate far exceeding that of the Japanese domestic market. In particular, the performance in the Chinese market is impressively outstanding. Thanks to strong growth in the Precision Machinery Business Segment, sales in China in 2024 amounted to 190.2 billion yen, with an increase of 58.4 billion yen compared with the previous year, and an increase of 44.2% year-on-year. For the first time, China's share of the global market exceeded 20%, making it Ebara's largest overseas single-country market. This achievement has been made possible by Ebara's great attention and continuous investment in the Chinese market, as well as its continuous optimization of technological innovation and product services.
In terms of business segments, the Ebara Group's five major businesses - Building Services and Industry, Energy, Infrastructure, Environmental Solutions, and Precision Machinery - all achieved varying degrees of growth, demonstrating the strengths of the Group's diversified business layout and synergistic development.
In the business segment of Building Services and Industry, both order intake and sales increased compared with the previous year, reaching 244.4 billion yen and 238.1 billion yen respectively. In particular, demand for energy-saving products continued to stabilize in some of China's industrial markets, with high demand for energy-saving products in the semiconductor and electronics industries contributing to the increase in order intake. This was made possible by Ebara's active promotion of research and development of low-carbon and energy-saving technologies and the results achieved by its continuous efforts to meet the needs of the Chinese market.
In the business segment of Energy, sales and operating income rose sharply by more than 25% to 210.4 billion yen and 28.0 billion yen, respectively, while maintaining the same high level of orders as in the previous year. Demand in China's power market continues to be high, and orders for projects such as equipment upgrades and renovations in particular have increased dramatically. Ebara provides products that meet the energy industry's needs to reduce emissions and increase efficiency, while also promoting the development of cutting-edge technologies, such as hydrogen energy and CCUS, to facilitate the green and low-carbon transformation of energy.
In the business segment of Infrastructure, it also realized modest growth in order intake and sales, to 60.5 billion yen and 51.1 billion yen, respectively. The overall growth was driven by stable demand for utilities in the Japanese domestic market and large-scale projects undertaken in Asia and North America.
In the business segment of Environmental Solutions, sales and operating income increased significantly, rising more than 20% to 87.4 billion yen and 8.4 billion yen, respectively. This growth was mainly due to the follow-up services of EPC (engineering, procurement, construction) and O&M (operation and maintenance) in the previous year.
In the business segment of Precision Machinery, orders, sales, and operating income all rose sharply, with orders and sales reaching 260.0 billion yen and 278.3 billion yen, respectively, and operating income exceeding 30% year-on-year growth to 50.1 billion yen. The semiconductor market as a whole showed a trend of recovery due to the rapid growth of the Chinese market and the increase in global demand for generative AI. Demand from the CMP equipment and component market recovered compared with the previous year, and orders for both products and S&S (service and support) increased, which contributed to the steady growth in sales.
The year 2025 is the final year of the Ebara Group's three-year Mid-Range plan “E-PLAN 2025”. In 2025, the Ebara Group will continue to make steady efforts to achieve new highs and surpass the 100 billion yen mark for the first time in terms of operating income by continuing to expand its growth investments.
Since its founding, Ebara has been providing products and services that support society, industry and life through continuous technological innovation, driven by the spirit of “Netsu to Makoto” (Passion and Dedication) and the desire to solve social problems. Going forward, Ebara will continue to strengthen customer-oriented value creation, provide products and solutions that exceed customer expectations, and contribute to the development and progress of the global community while realizing increased corporate value. Ebara will also keep developing its roots in China, injecting strong impetus to promote Chinese-style modernization and high-quality development.
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