Oki Electric Industry Company, Limited · TSE:6703

Oki Electric Industry — FY2021/3 Earnings Presentation

13 slides from Oki Electric Industry's earnings presentation, May 10, 2021

  1. Slide 1: Financial Results for the FY Ended March 31, 2021

    Financial Results for the FY Ended March 31, 2021 May 10, 2021 Oki Electric Industry Co., Ltd. © Copyright 2021 Oki Electric Industry Co., Ltd. 1

  2. Slide 2: Executive Summary

    Executive Summary  FY2021/3 Results  Results as planned for the first year of Medium-Term Business Plan 2022  Overcame challenging business environment in some areas with our comprehensive capability  “Medium-Term Business Plan 2022” First Year Initiatives  COVID-19 Impact: longer impact than i

  3. Slide 3: Summary of Financial Results

    Summary of Financial Results Net sales fell short of forecast due to prolonged COVID-19 impact. Some of effects of structural reforms became apparent in profits. Net loss recorded due to reversal of differed tax assets and etc. FY2021/3 FY2021/3 FY2020/3 Results Forecasts Variance Results Variance (

  4. Slide 4: Segment Information (Net Sales)

    Segment Information (Net Sales) Solution Systems Decreased YoY due to reactionary declines from large scale projects and change in sales standard, etc. Results generally as expected, driven by network-related, despite some COVID-19 impact. Components & Platforms Decreased YoY and from the forecast a

  5. Slide 5: Segment Information (Operating Income/Loss)

    Segment Information (Operating Income/Loss) Solution Systems Improved from forecast, driven by network-related. Decreased YoY due to reactionary declines in net sales. Components & Platforms Decreased YoY and from the forecast as well, due to the decrease in overseas sales. Slightly recovered due to

  6. Slide 6: Reasons for Changes in Operating Income/Loss

    Reasons for Changes in Operating Income/Loss Significant impact of volume fluctuations. Achieved some recovery through a review of overall costs, etc. (Billion yen) 16.8 (21.0) 9.5 ＋11.0 +1.0 FY2020/3 FY2021/3 Changes in Results Results ±0.0 +2.0 Impact of fixed costs, currency etc. Changes Reductio

  7. Slide 7: Balance Sheets

    Balance Sheets No major change in the composition of each asset and liability Shareholders’ equity ratio: 30.3% (increased by 1.8 points) Mar. 2021 Mar. 2020 Variance (Billion yen) Current assets 222.2 236.7 (14.5) Fixed assets 151.0 135.7 +15.3 Assets 373.2 372.5 +0.7 Current liabilities 154.1 159.

  8. Slide 8: Cash Flows

    Cash Flows FCF: net inflow of ¥3.6 billion Maintain ample cash reserves in preparation for changes in the market environment FY2021/3 FY2020/3 (Results) (Results) Variance (Billion yen) Ⅰ Cash flows from operating activities 18.1 32.5 (14.4) Ⅱ Cash flows from investing activities (14.5) (3.0) (11.5)

  9. Slide 9: Financial Forecasts

    Financial Forecasts Aim to increase sales and profits by implementing structural reforms and growth investment in line with the Medium-Term Business Plan 2022. Annual dividend plan: ¥30.00 per share FY2022/3 FY2021/3 Variance (Billion yen) Forecasts Results Net sales 198.5 190.8 7.7 Solution Systems

  10. Slide 10: Reasons for Changes in Operating Income/Loss

    Reasons for Changes in Operating Income/Loss Improve profitability through ongoing structural reforms (Billion yen) ＋1.0 (0.5) ＋0.5 ±0.0 +1.5 Impact of Changes in currency Changes Reduction in exchange fixed costs, etc. Changes in in price production & 12.0 volume & procurement product mix costs 9.5

  11. Slide 11: Investments and Cash Flows Forecasts

    Investments and Cash Flows Forecasts Investments FY2022/3 FY2021/3 Forecasts Results Variance (Billion yen) Capital Expenditure* 31.0 16.3 +14.7 Depreciation* 14.0 11.8 +2.2 R&D 12.5 11.2 +1.3 *Scope: property, plant, and equipment, and intangible assets. Cash Flows FY2022/3 FY2021/3 Forecasts Resul

  12. 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. •

  13. Slide 13: © Copyright 2021 Oki Electric Industry Co., Ltd.

    © Copyright 2021 Oki Electric Industry Co., Ltd. 13

Oki Electric Industry — FY2021/3 Earnings Presentation on 6ix