Fuji Electric Co., Ltd. · TSE:6504
Fuji Electric — Q3 2022 Earnings Presentation
18 slides from Fuji Electric's earnings presentation, Jan 26, 2023
Slide 1: Consolidated Financial Results for 3Q FY2022
Consolidated Financial Results for 3Q FY2022 January 26, 2023 Fuji Electric Co., Ltd. ©2023 Fuji Electric Co., Ltd. All rights reserved. 1
Slide 2: Contents
Contents 1. 3Q FY2022 Results (YoY Comparison) P. 3 2. Balance Sheet P. 12 3. FY2022 Forecasts P. 14 4. Reference P. 16 ©2023 Fuji Electric Co., Ltd. All rights reserved. 2
Slide 3: 1. 3Q FY2022 Results (YoY Comparison)
1. 3Q FY2022 Results (YoY Comparison) ©2023 Fuji Electric Co., Ltd. All rights reserved. 3
Slide 4: Summary of Consolidated Financial Results
Summary of Consolidated Financial Results for 9 months (Apr.-Dec.) FY2022 (YoY Comparison) New record highs achieved for net sales, operating income, ordinary income and net income (Billion yen) 9 months 9 months FY2021 FY2022 Change Net Sales Results Results Gain on translation of earnings of overs
Slide 5: Breakdown of Changes in Operating Results
Breakdown of Changes in Operating Results for 9 months (Apr.-Dec.) FY2022 (YoY Comparison) Increase in income, despite higher material and energy prices and fixed costs, due to rises in sales and production volumes as well as foreign exchange influences (Billion yen) Increase in sales and Increase i
Slide 6: Net Sales and Operating Income by Segment
Net Sales and Operating Income by Segment for 9 months (Apr.-Dec.) FY2022 (YoY Comparison) Growth in sales in all segments Lower operating income due to reduced production in Power Electronics Industry segment (Billion yen) 9 months FY2021 9 months FY2022 Change Results Results Operating Operating O
Slide 7: Business Results by Segment ①
Business Results by Segment for 9 months (Apr.-Dec.) FY2022 (YoY Comparison) ① (Billion yen) 9 months 9 months FY2021 FY2022 Change Overview Results Results Energy Management Net Sales Decreased by 7% Decrease in net sales and operating results as a result of the absence of large-scale orders Net Sa
Slide 8: Business Results by Segment ②
Business Results by Segment for 9 months (Apr.-Dec.) FY2022 (YoY Comparison) ② (Billion yen) 9 months 9 months FY2021 FY2022 Change Overview Results Results Increase in net sales despite the repercussions of withdrawing from magnetic disk operations, due to growth in demand for power semiconductors
Slide 9: Net Sales by Japan and Overseas Area
Net Sales by Japan and Overseas Area for 9 months (Apr.-Dec.) FY2022 (YoY Comparison) Sales growth in Asia, Europe, and the Americas Higher performance in power electronics, semiconductor, and power generation businesses (Billion yen) (Billion yen) YoY 9 months 9 months Power Supply and +9.6 FY2021
Slide 10: Breakdown of Changes in Amount of Orders Received by Products
Breakdown of Changes in Amount of Orders Received by Products for 9 months (Apr.-Dec.) FY2022 (YoY Comparison) Massive increase in power electronics plant and system orders Decrease in component orders compared with 2Q (Billion yen) YoY <Increase and decrease in plant and systems projects > 831.0 +9
Slide 11: Breakdown of Changes in Amount of Sales by Products
Breakdown of Changes in Amount of Sales by Products for 9 months (Apr.-Dec.) FY2022 (YoY Comparison) Ongoing high sales of major components supported by order backlog Continuation of favorable plant and system sales (Billion yen) <Increase and decrease in plant and systems projects > Power Supply an
Slide 12: 2. Balance Sheet
2. Balance Sheet ©2023 Fuji Electric Co., Ltd. All rights reserved. 12
Slide 13: Consolidated Balance Sheet at the End of 3Q FY2022
Consolidated Balance Sheet at the End of 3Q FY2022 Assets Liabilities and Net Assets (Billion yen) 3/31/22 12/31/22 Change 3/31/22 12/31/22 Change Cash and time Notes and account deposit 93.0 97.1 4.1 payables, trade 171.7 188.1 16.3 Notes and account payables receivables, trade 357.3 328.9 -28.5 In
Slide 14: 3. FY2022 Forecasts
3. FY2022 Forecasts ©2023 Fuji Electric Co., Ltd. All rights reserved. 14
Slide 15: Summary of Consolidated Financial Results Forecasts for FY2022
Summary of Consolidated Financial Results Forecasts for FY2022 (YoY Comparison) No changes to full-year performance forecast No change of the exchange rate FY2022 Forecasts 4Q Assumed Exchange Rate from the forecast on October 27 (Billion yen) FY2021 Results (January 26, 2023) Change US$ EURO RMB Ne
Slide 16: 4. Reference
4. Reference ©2023 Fuji Electric Co., Ltd. All rights reserved. 16
Slide 17: Reference: Amount of Orders Received
Reference ■ED&C components amount of orders received 3Q 3Q 9 months QoQ YoY (Apr.-Dec.) YoY All -14% -22% 0% Japan -5% -14% +5% Overseas -42% -48% -13% ■Low-voltage inverters amount of orders received 3Q 3Q 9 months QoQ YoY (Apr.-Dec.) YoY All -41% -36% +2% Japan -34% -31% -11% Overseas -45% -39% +1
Slide 18: Notes on audit status and forward-looking statements
1.These materials are outside the scope of auditing procedures required by law, and as of the date of this results presentation, financial statement auditing procedures required by law have not yet been completed. 2. Statements made in this documents or in the presentation to which they pertain rega