Slide 1: Consolidated Performance Briefing FY2024 4Q & Full Year
SUMIDA CORPORATION Consolidated Performance Briefing <FY2024 4Q & Full Year ended December 31, 2024> February 10, 2025 [Note on translation] This is a translation of the original Japanese document and provided for informational purpose only. If there are any discrepancies between this and the origin
Slide 2: Agenda
1. FY2024.4Q & Full-Year Performance Results 2. The progress of the Mid-Term Business Plan 2024-2026 3. FY2025 Performance / Dividend Forecast 4. Appendices Copyright© 2025 SUMIDA CORPORATION. All rights reserved. 2
Slide 3: FY2024.4Q & Full-Year Performance Results
1. FY2024.4Q & Full-Year Performance Results 2. The progress of the Mid-Term Business Plan 2024-2026 3. FY2025 Performance / Dividend Forecast 4. Appendices Copyright© 2025 SUMIDA CORPORATION. All rights reserved. 3
Slide 4: Financial Results (Overall)
Financial Results (Overall) Revenue Full year 143.9 billion yen (YoY -2.5%) Operating profit Full year 4.5 billion yen (YoY -47.3%) In 4Q, 1.08 billion yen was posted as expenses for lump-sum grants related to streamlining through staff downsizing at our sites in Europe. Environment: Forecasting rec
Slide 5: Financial Results (Revenue by Market / Region / Green Energy-related Revenue)
Financial Results (Revenue by Market / Region / Green Energy-related Revenue) By region By market Green energy-related revenue FY24 YoY FY24 YoY FY24 YoY Asia - Greater China 36.7 billion yen +5.9% Automotive 87.8 billion yen +1.2% xEV - Automotive 20.3 billion yen +1.3% Asia - Others 22.6 billion y
Slide 6: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss FY23 FY24 FY23 FY24 FY24 4Q 3Q 4Q Actual Actual Actual YoY QoQ Actual Actual YoY Forecast*1 (A) (B) (C) (C/A) (C/B) (D) (E) (E/D) (F) Revenue M.JPY 36,739 36,469 34,442 -6.3% -5.6% 147,672 143,978 -2.5% 143,000 Operating Profit M.JPY 1,149 1,773 407 -64.6% -7
Slide 7: Operating Profit Bridge Analysis - FY2023.4Q vs FY2024.4Q
Operating Profit Bridge Analysis - FY2023.4Q vs FY2024.4Q - (million yen) FY23.4Q One-off Item EU Decrease in Operating Profit Short-time Wage 1,149 work 59 Decrease in 150 Manufacturing Overheads 242 Efficiency Decrease in 251 fixed costs due to higher Production FY24.4Q volume Others Operating pro
Slide 8: Operating Profit Bridge Analysis - 2024.3Q vs 2024.4Q
Operating Profit Bridge Analysis - 2024.3Q vs 2024.4Q - FY24.3Q (million yen) Operating Profit 1,773 One-off Item Decrease in Manufacturing Overheads 44 Restructuring FY24.4Q -1,086 Others Operating Profit 327 407 Revenue Decrease -273 Increase in fixed costs Ex-rate due to lower Increase in Efficie
Slide 9: Operating Profit Bridge Analysis - FY2023 vs FY2024
Operating Profit Bridge Analysis - FY2023 vs FY2024 - One-off Item (million yen) FY23.3Q Decrease in Provision for Ex-rate EU Wage Compensation Impact Shot-time 59 for quality of 437 Automotive- work FY23 related products 439 Operating Profit Efficiency 654 1,004 8,564 FY23.2Q Gains on Liquidation F
Slide 10: Quarterly Revenue/Operating Profit
Quarterly Revenue/Operating Profit Revenue (million yen) 1Q 2Q 3Q 4Q 40,000 40,000 40,000 40,000 30,000 30,000 30,000 30,000 20,000 20,000 20,000 20,000 10,000 10,000 10,000 10,000 0 0 0 0 FY19 20 21 22 23 24 FY19 20 21 22 23 24 FY19 20 21 22 23 24 FY19 20 21 22 23 24 Operating Profit 1Q 2Q 3Q 4Q 4,
Slide 11: Consolidated Statements of Financial Position
Consolidated Statements of Financial Position FY23 FY24 FY23 FY24 Change Change Dec.31 Dec.31 Dec.31 Dec.31 Cash & Cash Equivalents M.JPY 3,107 4,286 1,178 Trade and other payables M.JPY 15,036 14,960 -75 Trade & Other Receivables M.JPY 28,324 30,167 1,842 Interest-bearing liabilities M.JPY 23,490 3
Slide 12: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows FY23 FY24 Change FY23 FY24 Change Profit before Taxes M.JPY 5,856 1,295 -4,560 Net Interest-bearing Debts M.JPY -5,977 -2,214 3,763 Depreciation and Amortization M.JPY 9,361 11,022 1,660 Proceeds from issuance of shares M.JPY 6,698 0 -6,698 Net Working Capital M.
Slide 13: The progress of the Mid-Term Business Plan 2024-2026
1. FY2024.4Q & Full-Year Performance Results 2. The progress of the Mid-Term Business Plan 2024-2026 3. FY2025 Performance / Dividend Forecast 4. Appendices Copyright© 2025 SUMIDA CORPORATION. All rights reserved. 13
Slide 14: Overview of the First Fiscal Year of the Mid-Term Business Plan
Overview of the First Fiscal Year of the Mid-Term Business Plan • Revenue stood at 143.9 billion yen, far below the initially forecast value of 158.6 billion yen, reflecting significant changes in the external environment. • Because our business is production of customized products by order, supply
Slide 15: SUMIDA's Business Model (1)
SUMIDA’s Business Model (1) Our company has consistently developed new applications for coils since its founding, honing our technical expertise and expanding globally. We have established strong relationships with leading customers in various regions and markets, resulting in continuous inquiries a
Slide 16: SUMIDA's Business Model (2)
SUMIDA’s Business Model (2) In the custom projects we handle, revenue is generally recorded on the following time axis, by market. Automotive Industrial CE The time axis from project 2~3 years 2~3 years 1~2 years acquisition to revenue recognition GREEN 1~2years Chart of revenue trends after product
Slide 17: Perceived Business Environment and Our Response
Perceived Business Environment and Our Response We see environmental changes as opportunities, and we will cater meticulously to diverse needs* in different regions through customization.* * Worldwide: renewal and expansion of energy infrastructure North America: shift back to fossil fuels China: in
Slide 18: FY2024 Overview of Sales Pipeline: New Intake
FY2024 Overview of Sales Pipeline: New Intake Sales pipeline New intake of Life Time turnover is approx. 97 billion yen in FY2024. The large-scale sales pipeline of green energy-related projects contributed greatly. 97.0B.JPY 5.0 82.0B.JPY 29.0 61.0B.JPY 2.0 4.0 26.0 21.0 62.0 53.0 35.0 FY22 FY23 FY
Slide 19: Business Plan (2024-2026) Progress
Business Plan (2024-2026) Progress Business Plan 2024 Major Initiatives and Results 2025-2026 ⚫ ⚫ We strengthened sales in China while optimizing ⚫ We are constructing a factory in Haizong China: Optimize production capacity Regional ⚫ North America: Further strengthen R&D capability production capa
Slide 20: Measures to Achieve Management Focused on Capital Costs and Stock Prices
Measures to Achieve Management Focused on Capital Costs and Stock Prices In the previous fiscal year, we analyzed that there were issues with PER as a whole, but in the current fiscal year, we have analyzed that improving ROE is a key issue. From the perspective of profitability, stability, and grow
Slide 21: FY2025 Performance / Dividend Forecast
1. FY2024.4Q & Full-Year Performance Results 2. The progress of the Mid-Term Business Plan 2024-2026 3. FY2025 Performance / Dividend Forecast 4. Appendices Copyright© 2025 SUMIDA CORPORATION. All rights reserved. 21
Slide 22: FY2025 Performance Forecast
FY2025 Performance Forecast The market environment is expected to remain challenging. However, due to the effects of the business restructuring implemented in FY2024, we are planning for increased profits. * This performance forecast was created based on customers' product purchase plans FY24 FY25 A
Slide 23: FY2025 Performance Forecast (By Market)
FY2025 Performance Forecast (By Market) The market environment remains challenging, and we expect sales to remain flat compared to the previous fiscal year. The Automotive market will offset the decline in the Industrial and CE markets. FY24 FY25 Actual Forecast YoY By Market Automotive M.JPY 87,893
Slide 24: Operating Profit Bridge Analysis - FY2024 vs FY2025
Operating Profit Bridge Analysis - FY2024 vs FY2025 - (million yen) (million yen) Positive EU restructuring cost in 2024（One-off item） 1,086 7,000 Factors EU restructuring effect 1,600 Material cost reduction 980 Efficiency 662 +2,487 Sales increase 536 Manufacturing overhead costs reduction 449 4,5
Slide 25: FY2025 Capex Plan
FY2025 Capex Plan For 2024, we maintained capital investments that directly impact sales and deferred other investments as much as possible, reducing the total to 7.9 billion yen from the planned 10 billion yen. We plan to make investments related to new products again in 2025 because orders for new
Slide 26: FY2025 Dividend Forecast
FY2025 Dividend Forecast (JPY) 51.0 53.0 (53.0) 47.0 28.0 9.0 FY20 FY21 FY22 FY23 FY24 FY25 FY20 FY21 FY22 FY23 FY24 FY25 Total JPY/Share 9.0 28.0 47.0 51.0 53.0* (53.0) EPS JPY 30.50 96.68 187.54 167.46 17.96 (96.83) Dividend payout ratio - 29.5% 29.0% 25.1% 30.5% 295.1% (54.7%) Total Dividends Pai
Slide 27: Dividend Policy
Dividend Policy SUMIDA hereby announces that it has resolved, at a meeting of the Board of Directors held on February 7, 2025, to make the following changes to its dividend policy. The Company recognizes the importance of enhancing shareholder returns through sustainable profit growth to achieve man
Slide 28: Appendices
1. FY2024.4Q & Full-Year Performance Results 2. The progress of the Mid-Term Business Plan 2024-2026 3. FY2025 Performance / Dividend Forecast 4. Appendices Copyright© 2025 SUMIDA CORPORATION. All rights reserved. 28
Slide 29: Business Portfolio
Business Portfolio Consumer Automotive Electronics (CE) Wireless Charging LCD TVs Digital LED Lighting EV Wireless Charging Filter DC-DC converter System Still Cameras Quick Chargers For EV Modules for HVDC （Smart phones/Tablet PCs） Automotive Industrial CE Air-Conditioners Game Consoles Printers Ho
Slide 30: SUMIDA products around you
SUMIDA products around you Mobile phone chargers AED (automated external defibrillator) Solar energy Automobiles Automobiles (Keyless Entry System) Automobiles (xEV powertrains) (ABS: anti-lock braking system) Copyright© 2025 SUMIDA CORPORATION. All rights reserved. 30
Slide 31: ESG (Environment)
ESG（Environment） Mid-Term Business Plan 2024-2026 Priorities to achieve this: 1. Targeting specific markets with innovative products/solutions that help in reducing carbon emission 2. Operational, energy and waste efficiency - optimizing efficiency, utilizing green energy & recycled materials where
Slide 32: ESG (Governance)
ESG（Governance） ✓ SUMIDA was the first among listed companies in Japan to adopt the institutional design of a company with nomination ✓ The three statutory committee, etc. committees (Nomination, Audit, and Compensation Committees) are chaired by independent outside directors, and the majority of me
Slide 33: Business Performance Trends (By Region / Market / Green Energy-related)
Business Performance Trends (By Region / Market / Green Energy-related) FY23 FY24 FY23 FY24 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q Full Full By Region Asia - Greater China M.JPY 7,823 8,357 8,847 9,680 8,814 9,382 9,100 9,448 34,709 36,744 Asia – Others M.JPY 6,418 6,806 6,425 5,584 5,541 5,800 5,664 5,678 25,234
Slide 34: CCC / Days Inventory Outstanding (DIO)
CCC / Days Inventory Outstanding（DIO) （Days） 106 104 104 102 101 101 95 96 94 91 CCC 89 89 91 88 87 87 85 84 86 82 DIO 79 81 76 FY23.1Q FY23.2Q FY23.3Q FY23.4Q FY24.1Q FY24.2Q FY24.3Q FY24.4Q Closing Exchange Rate USD / JPY 133.13 144.85 148.77 141.51 151.43 160.93 142.36 156.15 EUR / JPY 144.90 157
Slide 35: Capex, Depreciation, R&D Expenses
Capex, Depreciation, R&D Expenses (million yen) FY23 FY24 FY25 Actual Actual Plan Capex 9,804 7,860 8,600 Depreciation 9,361 11,022 11,100 R&D expenses 4,979 5,306 6,200 Capex Depreciation R&D expenses 11,022 11,100 9,804 9,361 8,600 7,860 6,200 4,979 5,306 FY23 FY24 FY25 Plan FY23 FY24 FY25 Plan FY
Slide 36: Exchange Rate Sensitivity
Exchange Rate Sensitivity Calculation period: 3 months (October to December 2024) （Reference） FY24.4Q Sensitivity for FY2024 Forecast*3 Currency Exchange Rate*1 Fluctuation Operating profit*2 Expected Exchange Rate JPY - M.JPY JPY USD 149.67 1 yen (weak) +55 152.48 EUR 162.04 1 yen (weak) +8 160.36
Slide 37: Links
Links We have begun to disclose Factbook on our website. It contains a breakdown of revenue and a track record of financial figures. We hope you find it informative. IRライブラリー IR Document Archive JP EN 中期経営計画説明資料 Mid-Term Business Plan JP EN 個人投資家向け会社説明会資料 Briefing Session for Individual Investors JP
Slide 38: Disclaimer Regarding Forward-Looking Statements
Disclaimer Regarding Forward-Looking Statements The statements contained in this document include forward-looking statements about the Company. These forward-looking statements are based on information currently available to the Company. Please note that actual results may differ from these forward-
Slide 39: Global | Speed | Focus
Global | Speed | Focus @®sumida