Oki Electric Industry Company, Limited · TSE:6703

Oki Electric Industry — H1 FY2024 Earnings Presentation

15 slides from Oki Electric Industry's earnings presentation, Nov 7, 2024

  1. Slide 1: Financial Results for 1H FY2024

    Financial Results for 1H FY2024 November 7, 2024 Oki Electric Industry Co., Ltd. © Copyright 2024 Oki Electric Industry Co., Ltd.

  2. Slide 2: Key points

    Key points １．Financial Results for 1H FY2024 ・Consolidated revenue and profit recorded significant YOY growth, extending gains from Q1. ・Overall progress is basically on track to achieve the annual performance targets. ２．Full-Year Forecast for FY2024 ・Segment-level performance forecasts have been re

  3. Slide 3: Summary of Financial Results

    Summary of Financial Results  Net sales and operating income posted significant YOY growth, continuing the trend from Q1. 1H 1H (Billion yen) FY2024 FY2023 Variance (Actual) (Actual) Net sales 197.7 174.9 +22.8 Operating income 6.2 1.0 +5.2 Ordinary income 4.5 0.5 +4.0 Profit attributable to owners

  4. Slide 4: Reasons for Changes in Operating Income/Loss

    Reasons for Changes in Operating Income/Loss  Operating income posted a significant increase, driven by the sustained robust performance of large- scale projects in Enterprise Solutions from 2H FY2023 and the elimination of the impact of increased material costs from 1H FY2023. (Billion yen) Due to

  5. Slide 5: Segment Information (Net Sales / Operating Income)

    Segment Information (Net Sales / Operating Income) 1H 1H (Billion yen) FY2024 FY2023 Variance (Actual) (Actual) Net sales 41.3 39.3 +2.0 Public Solutions Operating income (0.5) (0.8) +0.3 Net sales 87.1 63.9 +23.2 Enterprise Solutions Operating income 11.3 3.9 +7.4 Net sales 36.7 34.9 +1.8 Component

  6. Slide 6: Overview by Segment: Public Solutions

    Overview by Segment Public Solutions  Net sales grew on increases in road and defense, and operating income improved. 1H ended largely as planned.  Approximately 85% of the forecasted annual sales have already been secured in terms of orders received. Net sales（Billion yen） (Reference) Annual sale

  7. Slide 7: Overview by Segment: Enterprise Solutions

    Overview by Segment Enterprise Solutions  Net sales and operating income increased significantly due to the continuation of large-scale projects from 2H FY2023 and the elimination of the impact of increased material costs from 1H FY2023. Net sales（Billion yen） 87.1 (Reference) Net sales and Operati

  8. Slide 8: Overview by Segment: Component Products, EMS

    Overview by Segment Component Products EMS  Net sales increased due to growth in OEM sales and  Net sales declined due to the persistent demand foreign exchange rate effects. downturn in the semiconductor and FA and robot Operating income increased as a result of cost- markets since 2H FY2023, wit

  9. Slide 9: Balance Sheets

    Balance Sheets  Inventories at end-FY2023 showed a steady decline.  The shareholders’ equity ratio was approximately the same as at end-FY2023. (Billion yen) Sep. 2024 Mar. 2024 Variance Current assets 229.2 239.7 (10.5) Inventories / Turnover by days Fixed assets 185.7 183.7 +2.0 Turnover by day

  10. Slide 10: Cash Flows

    Cash Flows  Operating cash flow increased due to improved profits.  Reduction of debt due to improved free cash flow. 1H 1H (Billion yen) FY2024 FY2023 Variance (Actual) (Actual) Ⅰ Cash flows from operating activities 15.4 (1.0) +16.4 Ⅱ Cash flows from investing activities (8.3) (10.2) +1.9 Free c

  11. Slide 11: Financial Forecasts

    Financial Forecasts  Based on the current business environment and performance trends, performance forecasts for Enterprise Solutions have been revised upward, while those for EMS have been revised downward. (The consolidated total remains unchanged from the initial forecast.) FY2024 FY2024 FY2023

  12. Slide 12: (Reference) Quarterly Results

    (Reference) Quarterly Results FY2023 FY2024 （Billion yen） Q1 Q2 Q3 Q4 FY Q1 Q2 1H Public Net sales 19.3 20.0 24.5 30.1 94.0 19.1 22.2 41.3 Solutions Operating income (0.1) (0.7) 1.4 3.9 4.4 (1.3) 0.7 (0.5) Enterprise Net sales 27.4 36.5 51.5 64.7 180.1 45.2 41.9 87.1 Solutions Operating income 1.9 2

  13. Slide 13: (Reference) Major Products and Services

    (Reference) Major Products and Services • Roads (ETC, VICS), air traffic control, disaster prevention, firefighting • Business systems for central government offices, government statistics systems Public • Defense systems (underwater acoustics, information) Solutions • Aviation equipment • Infrastru

  14. Slide 14: (Reference) Major Working Capital: Changes in the number of days held

    (Reference) Major Working Capital: Changes in the number of days held unit：days 86 78 66 73 73 69 81 77 74 93 66 64 80 84 99 107 110 102 108 112 104 108 101 96 102 82 82 81 End of End of End of End of End of End of End of 23/03末 Mar. 2023 23/06末 Jun. 2023 23/09末 Sep. 2023 23/12末 Dec. 2023 24/03末 Mar

  15. Slide 15: 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. •

Oki Electric Industry — H1 FY2024 Earnings Presentation on 6ix