Furuno Electric Co., Ltd. · TSE:6814
Furuno Electric — Q1 FY2023 Earnings Presentation
17 slides from Furuno Electric's earnings presentation, Jul 14, 2023
Slide 1: Financial Results Briefing Materials
1st Quarter of Fiscal Year 2023 (Ending February 28, 2024) Financial Results Briefing Materials July 14, 2023 FURUNO ELECTRIC CO., LTD. Cautions: This document is a translation of the Japanese original, which is authoritative. The information listed in these materials regarding the Company’s forecas
Slide 2: Summary of 1st Quarter of FY 2023
Summary of 1st Quarter of FY 2023 ◆Net Sales: Increase ➢ Increase in overseas sales for Marine Business helped by foreign exchange impact and improved components availability ➢ Continued strong demand since previous fiscal year ◆Operating Profit: Increase ➢ Increase in profit due to sales increase i
Slide 3: Consolidated Income Statement
Consolidated Income Statement Increased operating profit with increased gross profit due to increase in sales for Marine Business FY 2022 FY 2023 Year-over-Year Year-over-Year (Unit: Millions of yen) st st 1 Quarter 1 Quarter (amount) (ratio) Net Sales 21,205 23,852 +2,646 +12.5% Gross Profit 8,140
Slide 4: Analysis of Increase/Decrease in Net Sales
Analysis of Increase/Decrease in Net Sales Decrease in local sales, but increase in overseas sales for Marine Business, helped by forex 255 (Unit: 100 Millions of Yen) Other Marine Business Industrial Business Business +0.5 -0.1 +27.5 240 Asia +17.2 Wireless LAN Systems 225 -1.5 Japan -16.9 Europe F
Slide 5: Analysis of Increase/Decrease in Gross Profit
Analysis of Increase/Decrease in Gross Profit Increase in overseas sales for Marine Business sales, with fewer components price increase 105 (Unit: 100 Millions of Yen) 100 Sales Increase in Increase 95 manufacturing Wireless Others Components Product +0.1 costs for Defense LAN Systems -0.4 Price In
Slide 6: Analysis of Increase/Decrease in Operating Profit
Analysis of Increase/Decrease in Operating Profit Gross profit increase for Marine business, strengthened sales and service, continuous R&D 32 Wireless Marine Business (Unit: 100 Millions of Yen) Gross Profit LAN Systems Increase Gross Profit +21.5 Decrease -1.5 R&D Expenses 24 Increase -1.3 Industr
Slide 7: Overview of Marine Business
Overview of Marine Business “100M” stands for 100 Million Marine Business Consolidated Sales (by Region) Marine Business (Unit: 100 Millions of Yen) Net Sales 204 100M yen (+15.6% year-over-year) 日本 ■Americas ■Japan 米州 欧州 ■Europeアジア その他 ■Asia ■Other Segment Profit 18.7 100M yen (+13.2 100M yen) 240
Slide 8: Overview of Industrial Business
Overview of Industrial Business “100M” stands for 100 Million Industrial Business Consolidated Sales (by Product) Industrial Business (Unit: 100 Millions of Yen) Net Sales 28 100M yen (+2.0% year-over-year) ■OEM, ETC, etc. ■Healthcare 40 ■Defense Equipment ■Wireless LAN Systems Segment Profit -1.4 1
Slide 9: Forecast for FY 2023: Upward Revision
Forecast for FY 2023: Upward Revision Strong sales overseas, with less than expected impact of components price increase, also greater than expected impact of foreign exchange (Unit: Millions of yen) FY 2022 FY 2023 FY 2023 Results Previous Forecast Revised Forecast Net Sales 91,325 97,000 100,000 O
Slide 10: Appendix: Consolidated Balance Sheet
Appendix: Consolidated Balance Sheet (Unit: Millions of yen) Full Year FY 2022 1st Quarter FY 2023 Current assets 82,280 82,065 (Cash and deposits) (15,376) (12,283) (Inventories) (40,694) (43,521) Fixed assets 24,116 23,939 (Tangible fixed assets) (13,914) (14,001) (Intangible fixed assets) (4,034)
Slide 11: Topics
Topics FURUNO ELECTRIC CO., LTD. All Rights Reserved. 11
Slide 12: Publishment of FURUNO's Integrated Report 2023
Topics Publishment of FURUNO’s Integrated Report 2023 Toward a sustainable society and further corporate value This report focuses on our business vision "Achieve better safety, security and comfort to bring about a society and sea navigation that considers the needs of people and the environment,"
Slide 13: FURUNO's Business Outline
FURUNO’s Business Outline FURUNO ELECTRIC CO., LTD. All Rights Reserved. 13
Slide 14: Corporate Outline
Corporate Outline Since commercializing the world's first Fish Finder in 1948, FURUNO has supplied many types of products for the marine electronics market. By using its exclusive knowledge of ultrasonic and electronics technologies, FURUNO has developed a wide array of products that have been world
Slide 15: FURUNO's Business Fields
FURUNO’s Business Fields Automatic GPS/GNSS Identification Disciplined GPS/GNSS System (AIS) Oscillator Displacement Continuous Remote Monitoring Satellite System Communications Meteorological Equipment Monitoring and Analyzing System Wireless LAN Radar Access Point Voyage Data GPS/GNSS Recorder Rec
Slide 16: FURUNO's Marine Business
FURUNO’s Marine Business For Merchant Vessels ECDIS (Electronic Chart Display Satellite Communications Radar and Information System) Equipment For Fishing Vessels Sonar Fish Finder Current Indicator Radiotelephone For Pleasure Boats GPS/WAAS Radar Multi-Function Display Chart Plotter Autopilot FURUN
Slide 17: FURUNO's Industrial Business
FURUNO’s Industrial Business OEM, ETC, etc. ETC2.0 / ETC * ETC, Vehicle GPS / GNSS Management Solution* Chips & Modules Healthcare Clinical Chemistry Analyzer & Reagent Ultrasound Bone Densitometer Wireless LAN Systems Wireless LAN Access Point* Wireless Handheld Terminal* FURUNO ELECTRIC CO., LTD.