Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — FY2019 Earnings Presentation
11 slides from Oki Electric Industry's earnings presentation, May 13, 2020
Slide 1: Financial Results for the FY Ended March 31, 2020
Financial Results for the FY Ended March 31, 2020 May 13, 2020 Oki Electric Industry Co., Ltd. © Copyright 2020 Oki Electric Industry Co., Ltd. 1
Slide 2: Today's Announcement
Today’s Announcement As it is extremely difficult to estimate rational future estimation due to the global spread of novel coronavirus diseases (COVID-19), we have decided to set its forecasts of business results for the fiscal year ending March 31, 2021 as “Undecided.” We will carefully assess the
Slide 3: Impact of COVID-19
Impact of COVID-19 ＜Estimated Impact and Future Forecast＞ Some of our important customers in the ICT business, such as transportation and passenger industries are significantly affected by the refraining of outings following the declaration of an emergency situation, and there is concern that this
Slide 4: Summary of Financial Results
Summary of Financial Results Net sales and profits are as expected. (Substantially* higher sales and profits than the previous fiscal year) The year-end dividend will be ¥50 yen per share, as planned. FY2020/3 Projections FY2019/3 Variance Variance (Billion yen) Results (As of Feb.7) Results Net sal
Slide 5: Segment Information (Net Sales)
Segment Information (Net Sales) ICT: Increased substantially year on year due expansion of projects related to social infrastructure and networks, as well as expansion of the scope of application of the percentage-of-completion method mainly to some government agencies. Mechatronics Systems: Decreas
Slide 6: Segment Information (Operating Income)
Segment Information (Operating Income) ICT: Increased significantly year on year, upon the steady increase in sales. Mechatronics Systems: Decreased due to a decrease in plant operation, although the impact of sales decrease was offset by the effect of structural reform implemented in the previous f
Slide 7: Reasons for Changes in Operating Income
Reasons for Changes in Operating Income Changes in sales volume and product mix differ by segment. Forex impact was compensated by cost reduction. Strategic expenses increased. Changes (Billion yen) in price +1.0 ±0.0 +2.0 (2.5) (1.0) Reduction in Changes in production and Impact of procurement curr
Slide 8: Balance Sheets
Balance Sheets Although sales increased significantly, working capital and interest-bearing debt stayed the same as previous fiscal year-end due to sales leveling and inventory control. Stabilized funds through long-term shifts in interest-bearing debt. Improvements of shareholders’ equity ratio by
Slide 9: Cash Flows
Cash Flows Free cash flows amounted to a net inflow of ¥29.5 billion. Net cash used in investing activities decreased due to proceeds from sales of assets resulting from a review of fixed assets. Maintained a sufficient level of cash reserves to prepare for changes in the market environment. FY2020/
Slide 10: Capital Expenditure and R&D Expense
Capital Expenditure and R&D Expense PP&E and Intangible Assets R&D Expenses (Billion yen) [Capital Expenditure] 10.7 10.6 19.2 14.2 [Depreciation] 11.6 11.9 © Copyright 2020 Oki Electric Industry Co., Ltd. 10
Slide 11: 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. •