Harada Industry Co., Ltd. · TSE:6904
Harada Industry — FY2023 Earnings Presentation
22 slides from Harada Industry's earnings presentation, Jun 27, 2024
Slide 1: Financial Results Presentation Slides for the Year Ended in March, 2024
Financial Results Presentation Slides for the Year Ended in March, 2024 Harada Industry Co., Ltd. June 27, 2024 This slides contains forward looking statements based on prerequisites, forecasts and plans available as of June 27, 2024. Actual results may differ materially from forward looking stateme
Slide 2: Contents
Contents I. Corporate Overview 1. Corporate Profile 2. Global Network 3. Major Products Il. Financial Results for FY2023 and Financial Plan for FY2024 (Consolidated) 1. Net fales Trend 2. Summary of Consolidated Statement of Income 3. Summary of Consolidated Balance Sheet 4. Sales Breakdown by Repor
Slide 3: I. Corporate Overview
|. Corporate Overview HARADA
Slide 4: 1. Corporate Profile
1. Corporate Profile ◆ Established March 1958 ◆ Headquarters Omori Bellport B-4F, 26-2 Minami-Ohi, 6-Chome Shinagawa- ku, Tokyo, Japan ◆ Capital Stock 2,019 million yen ◆ Consolidated Overseas: 10 Subsidiaries (Sales Companies: U.S.A., U.K., Thailand, etc.) (Plants: China, Philippines, Vietnam and M
Slide 5: 2. Global Network
2. Global Network UK Birmingham US China Detroit Germany Dalian Cologne China Japan Shanghai Tokyo, etc. Thailand Bangkok Philippines Mexico Taiwan Queretaro Cavite Vietnam Dong Nai Singapore Sales R&D Manufacturing Other 5
Slide 6: 3. Major Products 1
3. Major Products 1 LPA (Low Profile Antenna) Support for multi- band antennas including: Cellular 4G-LTE, DSRC V2X, GNSS and Broadcasting (AM, FM, DAB and SDARS). Rod Type Antenna Support for multi- band antennas including: Cellular 4G-LTE, DSRC V2X, GNSS and Broadcasting (AM, FM, DAB and SDARS). I
Slide 7: 3. Major Products 2
3. Major Products 2 Amplifier for Screen Type Antenna Film Antenna for DTV Integrated Type (Hidden) Antenna Setting location: plastic roof panel, into spoiler, trunk lid or bumper. Support for multi-band antennas including: Cellular 4G-LTE, DSRC V2X, GNSS and Broadcasting (AM, FM, DAB and SDARS). 7
Slide 8: 3. Major Products 3
3. Major Products 3 Coaxial Cables Connecting antennas and audio units. Routing design, design and development to in-house manufacturing and assembly of components. CCA (Copper Clad Aluminum) Cables The core of braided wire uses aluminum while copper cladded on the outer that enables lighter weight,
Slide 9: 3. Major Products 4
3. Major Products 4 LPWA(※) Smart Tracker For Vehicle ・Installation location : Dashboard ・Installation location : Windshield This is an on-board communication Film antenna type in-vehicle communication terminal terminal equipped with LPWA/GPS/6-axis equipped with LPWA/GPS/6-axis sensor/ Bluetooth®.
Slide 10: II. Financial Results for FY2023 and Financial Plan for FY2024 (Consolidated)
II. Financial Results for FY2023 and Financial Plan for FY2024 (Consolidated) Current consolidated fiscal year is from April 2023 to March 2024 for the Company and from January to December 2023 for overseas consolidated subsidiaries. 10
Slide 11: 1. Net Sales Trend
1. Net Sales Trend 500 Europe North and Central Americas Asia Japan (Hundred millions of yen) 469 ■Forecasts 432 429 431 421 64 420 408 411 400 397 42 41 39 39 43 58 38 358 347 127 124 43 48 150 147 123 300 132 129 119 96 97 200 112 82 420 115 86 90 117 108 106 75 83 100 155 151 152 172 124 136 144
Slide 12: 2. Summary of Consolidated Statement of Income
2. Summary of Consolidated Statement of Income (Millions of yen) FY2022 FY2023 Previous Current Increase Main factors year year or in increase or decrease Composition Composition decrease ratio (%) ratio (%) - Japan: 1,989 42,105 46,993 4,887 - Asia: (862) (currency effect: 373) Net sales - North an
Slide 13: 3. Summary of Consolidated Balance Sheet
3. Summary of Consolidated Balance Sheet (Millions of yen) FY2022 Component FY2023 Component Increase Previous ratio Current ratio or year (%) year (%) decrease Current assets 29,708 74.0% 27,393 72.9% (2,315) Non-current assets 10,423 26.0% 10,205 27.1% (217) Total assets 40,131 100.0% 37,598 100.0
Slide 14: 4. Sales Breakdown by Reportable Segments
4. Sales Breakdown by Reportable Segments FY2022 Previous year Europe (Millions of yen) Europe 13.9% North 12.5% Japan North Japan Previous Current and 36.2% and 37.9% year Central year Central Americas Asia Asia Americas 27.9% Increase Impact of 28.4% 21.7% 21.5% Net FY2022 FY2023 or foreign change
Slide 15: 5. Consolidated Cash Flow Trend
5. Consolidated Cash Flow Trend (Millions of yen) 5,000 Cash flows from operating activities Cash flows from investing activities 3,000 Cash flows from financing activities 1,000 (1,000) (3,000) (5,000) (7,000) FY2014 15 16 17 18 19 20 21 22 23 Previous Current year year FY2014 15 16 17 18 19 20 21
Slide 16: 6. Capital Expenditure Trend / 7. Depreciation Trend
6. Capital Expenditure Trend (Millions of yen) 2,500 1,994 2,000 1,621 1,500 1,252 1,297 1,035 1,038 1,125 1,000 874 667 691 500 0 FY2014 15 16 17 18 19 20 21 22 23 7. Depreciation Trend (Millions of yen) 1,500 1,345 1,389 1,094 1,120 1,024 980 1,009 1,000 886 871 867 500 0 FY2014 15 16 17 18 19 20
Slide 17: 8. Research and Development Expense Trend
8. Research and Development Expense Trend (Millions of yen) 2,000 1,585 1,564 1,519 1,500 1,421 1,354 1,339 1,219 1,041 1,000 976 968 500 0 FY2014 15 16 17 18 19 20 21 22 23 17
Slide 18: 9. Foreign Exchange Rate Trend
9. Foreign Exchange Rate Trend Current Rate US$ Stg.£ RMB (Yen) 300 24 19.35 19.94 18.34 19.02 250 16.77 18.07 20 17.31 16.15 187.20 15.67 15.89 200 178.73 180.69 16 155.19 160.40 143.07 152.07 140.47 143.52 139.79 150 12 132.70 141.83 100 120.62 120.60 116.55 113.06 8 111.00 109.56 103.51 115.00 50
Slide 19: Reference
Reference HARADA 19
Slide 20: 1. Automobile Manufacturing Trend (Results and Forecasts)
1. Automobile Manufacturing Trend (Results and Forecasts) Japan Asia (Thousands) (Thousands) 11,000 50,000 46,501 10,000 45,000 9,000 40,000 42,567 8,000 35,000 8,344 7,372 7,000 30,000 25,000 6,000 20,000 5,000 2021 2022 2023 2024 2025 2026 2027 2021 2022 2023 2024 2025 2026 2027 North and So
Slide 21: 2. Crude Oil, WTI Price Trend / 3. Copper Price Trend
2. Crude Oil, WTI Price Trend (US$/bbl) 120.00 100.00 80.00 60.00 40.00 20.00 0.00 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 3. Copper Price Trend (US$/mt) 12,000.00 10,000.00 8,000.00 6,000.00 4,000.00 2,000.00 0.00 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 21
Slide 22: Forward looking statements notice
This slides contains forward looking statements based on prerequisites, forecasts and plans available as of June 27, 2024. Actual results may differ materially from forward looking statements described here due to risks and variable factors associated to global economic conditions, a competitive env