Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — Q1 FY2023 Earnings Presentation
12 slides from Oki Electric Industry's earnings presentation, Aug 10, 2023
Slide 1: Financial Results for Q1 FY2023
Financial Results for Q1 FY2023 August 10, 2023 Oki Electric Industry Co., Ltd. © Copyright 2023 Oki Electric Industry Co., Ltd.
Slide 2: Summary of Financial Results
Summary of Financial Results Net sales increased YOY. Operating income increased YOY on the reversal of allowance for doubtful accounts. The increase in net sales owed to recovery from the impact of a production decline caused by component shortage. Operating income increased due to the abovemention
Slide 3: Segment Information (Net Sales / Operating Income)
Segment Information (Net Sales / Operating Income) Q1 Q1 (Billion yen) FY2023 FY2022 Variance (Actual) (Actual) Net sales 19.3 19.3 ±0.0 Public Solutions Operating income (0.1) (0.3) +0.2 Net sales 27.4 23.3 +4.1 Enterprise Solutions Operating income 1.9 (1.6) +3.5 Net sales 17.0 19.2 (2.2) Componen
Slide 4: Reasons for Changes in Operating Income/Loss
Reasons for Changes in Operating Income/Loss Although Enterprise Solutions saw positive factors such as recovery from the impact of the production decline due to component shortages and an increase in volume in construction and maintenance services, it was in the minus overall owing to factors such
Slide 5: Overview by Segment (Public Solutions / Enterprise Solutions)
Overview by Segment (Public Solutions / Enterprise Solutions) Public Solutions Enterprise Solutions While the number of defense projects increased, the Net sales increased on reduction of the impact of the production decline caused by the component shortage. number of communication carrier projects
Slide 6: Overview by Segment (Component Products / EMS)
Overview by Segment (Component Products / EMS) Component Products EMS IoT saw positive growth due to reduced supply chain Net sales and operating income increased partly due to impacts. Overall, however, both segment net sales and reduction of supply chain impacts. operating income decreased in reac
Slide 7: Balance Sheets
Balance Sheets Inventories increased from the end of March, partly due to an increase in sales from the second quarter. However, the amount of YOY increase has declined toward normalization. Shareholders’ equity ratio increased by 0.6 percentage points. Inventories / Turnover by days (Billion yen) J
Slide 8: Cash Flows
Cash Flows Operating cash flows improved YOY due to a decrease in working capital including debt collection. Investment cash flows include investments to strengthen the services business in Enterprise Solutions. Q1 Q1 (Billion yen) FY2023 FY2022 Variance (Actual) (Actual) Ⅰ Cash flows from operating
Slide 9: Revision of Financial Forecasts
Revision of Financial Forecasts The impact of the Chinese subsidiary's lawsuit announced on June 20, 2023, was carefully reviewed and reflected in the Q1 financial results. Accordingly, the full-year earnings forecast announced on May 10, 2023, was revised upward. FY2023 FY2023 FY2022 （Billion yen）
Slide 10: (Reference) Quarterly Results
(Reference) Quarterly Results FY2022 FY2023 （Billion yen） Q1 Q2 Q3 Q4 FY Q1 Public Net sales 19.3 19.8 22.8 33.7 95.7 19.3 Solutions Operating income (0.3) (0.3) 0.0 4.0 3.4 (0.1) Enterprise Net sales 23.3 24.5 29.7 35.4 112.9 27.4 Solutions Operating income (1.6) (1.1) 0.1 4.1 1.5 1.9 Component Net
Slide 11: (Reference) Major Products and Services
(Reference) Major Products and Services • Roads (ETC, VICS), air traffic control, disaster preparedness, fire prevention • Business systems for central government offices, government statistics systems Public • Defense systems (underwater acoustics, information) Solutions • Aircraft equipment • Infr
Slide 12: Notice
Notice • The projections and plans in this material are based on information currently available to OKI as of the date of publication and certain assumptions judged as rational, therefore actual results are subject to change depending upon the changes of business environments and other conditions. •
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