Fujikura Ltd · TSE:5803
Fujikura — Q1 FY2021 Earnings Presentation
23 slides from Fujikura's earnings presentation, Aug 5, 2021
Slide 1: 1Q FY2021 Financial Results
1Q FY2021 Financial Results August 5, 2021
Slide 2: Contents
Contents 1. Reviews of 1Q FY2021 Financial Results and 1H Forecasts 2. By Segment 1
Slide 3: 1. Reviews of 1Q FY2021 Financial Results and 1H Forecasts
1. Reviews of 1Q FY2021 Financial Results and 1H Forecasts 2
Slide 4: 1Q FY2021 Financial Results and 1H Forecasts
1Q FY2021 Financial Results and 1H Forecasts (Unit : Yen in billion) FY2021 FY2020 FY2021 (Forecasted on May.14) 1H Full Year 1H Full Year 1Q 1H Full Year 1Q Forecasts Forecasts Forecasts Forecasts Net Sales 129.9 300.5 643.7 162.7 328.0 635.0 299.0 600.0 Operating Income 0.6 8.9 24.4 9.7 16.5 29.5
Slide 5: Review of 1Q FY2021 Results and 1H Forecasts
Review of 1Q FY2021 Results and 1H Forecasts 【Year on Year basis】 Both sales and profits increased in the Energy & Information Technology business due to high demand for data centers and FTTx in various countries. Both sales and profits increased in the Electronics business, mainly due to higher
Slide 6: 1Q FY2021 Contributing Factors to Net Sales Change (year-on-year basis)
1Q FY2021 Contributing Factors to Net Sales Change (year-on-year basis) Net Sales (Unit : Yen in billion) Power & Elimination of Telecommunication COVID-19 Systems Electronics Effects Business Business Effect of +24.4 +4.5 +3.2 Copper Effect of Automotive Prices Effects of revenue Products Others Fo
Slide 7: 1Q FY2021 Contributing Factors to Operating Income Change (year-on-year basis)
1Q FY2021 Contributing Factors to Operating Income Change (year-on-year basis) Operating Income (Unit : Yen in billion) Elimination of COVID-19 Effects +2.7 Automotive Others Electronics Business +1.6 Effect of +0.4 Copper Prices Power & Telecommunication +3.4 (1.7) Impact of Systems Semiconductor B
Slide 8: 1H FY2021 Contributing Factors to Net Sales Change
1H FY2021 Contributing Factors to Net Sales Change (against Forecasted on May 14) Net Sales (Unit : Yen in billion) Power & Electronics Effect of Telecommunication Business Copper Systems Effects of Prices Business +11.2 Forex +7.0 +2.9 Automotive +9.3 Products (0.6) Impact of Semiconductor shortage
Slide 9: 1H FY2021 Contributing Factors to Operating Income Change
1H FY2021 Contributing Factors to Operating Income Change (against Forecasted on May 14) Operating Income (Unit : Yen in billion) Others Electronics Automotive +0.5 Business +1.0 +4.9 Power & Telecommunication Systems Business +3.7 Impact of Semiconductor 16.5 shortage (0.6) 7.0 9.5 higher than 1H F
Slide 10: 1Q FY2021 Extraordinary Profit and Loss
1Q FY2021 Extraordinary Profit and Loss (Unit: Yen in billion) 1Q FY2020 1Q FY2021 Operating Income 0.6 9.7 Share of other comprehensive income of entities accounted for using equity 0.3 0.3 method Ordinary Income（Loss) (0.8) 9.3 Extraordinary Income 0.1 0.1 FY2020 1Q (Extraordinary Loss) Extraordin
Slide 11: Consolidated B/S (1)
Consolidated B/S (1) （Unit: Yen in billion） As of March As of June Change 31, 2021 30, 2021 〈Assets〉 569.1 573.5 4.4 Current Assets 317.4 326.7 9.3 Revised account title in accordance with the Cash and Deposits 74.7 75.2 0.5 application of the new Notes and accounts revenue recognition standard rece
Slide 12: Consolidated B/S (2)
Consolidated B/S (2) （Unit: Yen in billion） As of March As of June Change 31, 2021 30, 2021 Total 569.1 573.5 4.4 (Treasury Stock) ((10.9)) ((10.6)) 0.3 〈Liability〉 384.6 382.7 (2.0) Notes and Account 68.5 67.7 (0.8) Payable Due to decrease in capital Interest-bearing Debt 241.9 245.1 3.2 expenditur
Slide 13: Reduction of depreciation due to impairment
Reduction of depreciation due to impairment (Unit: Yen in billion) Improvement of business structure FY2020 FY2021 Cumulati Segment ve effect Fore amount Actual Items Items cast Power & 【impairment】 Telecommunication 3.2 3.2 ・Optical fiber manufacturing assets (2.2) Systems ・Fiber laser manufacturin
Slide 14: CAPEX and Depreciation Cost
CAPEX and Depreciation Cost （Unit: Yen in billion） FY2020 FY2021 1Q 1Q CAPEX 6.0 4.0 (for manufacturing business) 5.8 3.9 (for real estate business) 0.2 0.1 Depreciation Cost 8.2 7.7 (for manufacturing business) 7.7 7.2 (for real estate business) 0.5 0.5 13
Slide 15: Interest-bearing Debts, Net Financial Profit
Interest-bearing Debts, Net Financial Profit （Unit: Yen in billion） FY2020 FY2021 FY2020 1Q 1Q Interest-bearing Debts 280.3 241.9 245.1 Cash and deposits 58.6 74.7 75.2 Net Debt 221.8 167.2 169.9 Net Financial Profit/Loss (0.3) (1.4) (0.3) 14
Slide 16: 2. By Segment
F Fujikura 2. By Segment
Slide 17: Financial Results and Forecasts by Segment
Financial Results and Forecasts by Segment （Unit: Yen in billion） Net Sales Operating Income(Loss) and Ratio of Operating Income to Net Sales 1Q FY2020 1H FY2020 1H FY2021 1Q FY2020 1H FY2020 1H FY2021 Segment 1Q FY2021 Results 1Q FY2021 Results Result Forecasts Results Forecasts Power & 3.5 8.3 6.4
Slide 18: Power & Telecommunication Systems
Power & Telecommunication Systems Compared to the same period of the previous year, 1Q results showed an increase in profit due to high demand corresponding to data centers and FTTx. Although there is impact of intensifying competition, mainly overseas, we will work to reduce costs, develop and
Slide 19: Electronics Business
Electronics Business Profit increased in 1Q due to increased demand for smartphones and improved productivity. Special demand attributed to Stay Home for digital device remains strong. Profit is expected to increase in 2Q due to further increase in demand. （Unit: Yen in billion） Net sales and Ra
Slide 20: Automotive Products Business
Automotive Products Business 1Q results showed an increase in both sales and profits compared to the same period last year due to the recovery from last year’s significant decline in sales due to COVID-19. Sales are expected to increase in 2Q due to response to increased production by customers.
Slide 21: Real Estate Business
Real Estate Business Revenues from leasing real estate properties continue to contribute to consolidated operating income. （Unit: Yen in billion） Net sales and Ratio of Operating Income to Net Sales Ratio of Operating Income to Net Sales 5.4 5.4 2.7 2.7 49.8％ 48.2％ 52.4％ 47.5％ 1Q FY2020 1H FY2020
Slide 22: Special Notes
Special Notes: Statements in this presentation that relate to future to results and events (including statements regarding Fujikura's revenue and earnings guidance) and based on Fujikura's current expectations. Actual results in future periods may differ materially form those currently expected beca
Slide 23: Net Sales and Operating Income by Segment
【1Q FY2021 Financial Results Appendix】 Net Sales and Operating Income by Segment Net Sales Records and Forecast by Segment Unit: Yen in Billion FY2021 FY2020 FY2021 Forecast (8.5) Full 1Q 2Q 3Q 4Q 1H 2H 1Q 1H Full Year Year Power Systems 38.7 39.4 42.3 45.3 78.1 87.5 165.6 42.1 79.7 159.1 Telecommun