Slide 1: Financial Results Briefing Materials
Fiscal Year 2022 (Ended February 28, 2023) Financial Results Briefing Materials April 14, 2023 FURUNO ELECTRIC CO., LTD. Cautions: This document is a translation of the Japanese original, which is authoritative. The information listed in these materials regarding the Company’s forecasts are determin
Slide 2: Summary of Fiscal Year 2022
Summary of Fiscal Year 2022 ◆ Net Sales: Increase ➢ Increase in overseas sales for Marine Business helped by a weak yen, despite sales opportunities loss with production delays ◆ Gross Profit: Increase ➢ Increase in gross profit with increase in sales for Marine Business, despite soaring components
Slide 3: Consolidated Income Statement
Consolidated Income Statement Decrease in Profit with increase in SG&A expenses despite increase in overseas sales Year-over-Year Year-over-Year (Unit: Millions of yen) Fiscal Year 2021 Fiscal Year 2022 Impact Amount* (amount) (ratio) Net sales 84,783 91,325 +6,541 +7.7% +626 Gross profit 31,638 34,
Slide 4: Analysis of Increase/Decrease in Net Sales
Analysis of Increase/Decrease in Net Sales Addition of consolidated subsidiaries and overseas sales increase in Marine Business 940 (Unit: 100 Millions of Yen) Industrial Other Business Business +0.3 920 +7.2 900 Europe Wireless +18.6 LAN Systems 880 +6.0 Asia Other +8.8 Japan Americas Regions Conso
Slide 5: Analysis of Increase/Decrease in Gross Profit on Sales
Analysis of Increase/Decrease in Gross Profit on Sales Increase in components prices but increase in overseas sales, etc. in Marine Business 370 (Unit: 100 Millions of Yen) Industrial Business Others Sales Increase -0.0 350 Overseas Sales +2.5 Increase, etc. Components +41.0 Prices Increase, etc. 33
Slide 6: Factors Increasing SG&A Expenses (YoY)
Factors Increasing SG&A Expenses (YoY) Increase mainly due to investments for future growth (Unit: 100 Millions of Yen) Addition of Consolidated overseas subsidiaries with R&D function +11.3 Increase in personnel to strengthen service and R&D, etc. +5.8 Increase in promotion expenses (exhibitions in
Slide 7: Overview of Marine Business
Overview of Marine Business “100M” stands for 100 Million Marine Business Consolidated Sales Change in accounting standard (by Region) Marine Business: Sales: +4.5, Profit: +3.7 (100M yen) (Unit: 100 Millions of Yen) Net Sales 757 100M yen (+7.4% year-over-year) 日本 ■Americas ■Japan 米州 欧州 ■Europeアジア
Slide 8: Overview of Industrial Business
Overview of Industrial Business “100M” stands for 100 Million Industrial Business Consolidated Sales Change in accounting standard (by Product) Industrial Business: Sales: +1.4, Profit: -1.0 (100M yen) (Unit: 100 Millions of Yen) Net Sales 111 100M yen (+6.9% year-over-year) ■OEM, ETC, etc. ■Healthc
Slide 9: Appendix: Consolidated Balance Sheet
Appendix: Consolidated Balance Sheet (Unit: Millions of yen) Fiscal Year 2021 Fiscal Year 2022 Current assets 62,010 82,280 (Cash and deposits) (14,350) (15,376) (Inventories) (27,693) (40,694) Fixed assets 23,963 24,116 (Tangible fixed assets) (13,400) (13,914) (Intangible fixed assets) (4,276) (4,
Slide 10: Appendix: Consolidated Cash Flow Statement
Appendix: Consolidated Cash Flow Statement (Unit: Millions of yen) Fiscal Year 2021 Fiscal Year 2022 YoY (amount) Cash Flow 6,193 -6,492 -12,685 from Operating Activities Cash Flow -4,289 -3,027 +1,362 from Investing Activities Free Cash Flow 1,803 -9,519 -11,322 Cash Flow -3,518 8,263 +11,781 from
Slide 11: Forecast for Fiscal Year 2023 & Medium to Long-term Business Development
Forecast for Fiscal Year 2023 & Medium to Long-term Business Development FURUNO ELECTRIC CO., LTD. All Rights Reserved. 11
Slide 12: Corporate Vision
Corporate Vision Business Vision: Achieve better safety, security, and comfort, to bring about a society and sea navigation that considers the needs of people and the environment Human Resources and Corporate Culture Vision: VALUE through GLOBALIZATION and SPEED Growth Targets for FY 2030: ⚫ Consoli
Slide 13: Mid-Term Management Plan
Mid-Term Management Plan We will progressively and promptly work toward realizing the FURUNO GLOBAL VISION “NAVI NEXT 2030” through the following three phases. FY 2020-2022 FY 2023-2025 FY 2026-2030 Phase 1 Phase 2 Phase 3 Advance Connect Transform Targets for Fiscal Year 2025 ROE (based on ordinary
Slide 14: Main Measures for Phase 2 "Connect"
Main Measures for Phase 2 “Connect” (1) Improvement in profitability Complete the measures of the Phase 1 for the Mid-Term Management Plan, focusing on improving profitability by increasing the quality level, optimizing inventories, and optimizing the product development function and the comprehensi
Slide 15: Review of Phase 1 "Advance"
Review of Phase 1 “Advance” (1) Stronger inventory control and (2) Further Increase in Quality Level appropriate inventory levels Promote the reduction of inventories in all areas of the Based on the “Quality Before Everything” mentality, value chain by working together to refine production aim to r
Slide 16: Review of Phase 1 "Advance"
Review of Phase 1 “Advance” (3) Optimization of Product (4) Optimization of Comprehensive Development Functions Manufacturing Functions Improve development efficiency by optimizing the Further evolve FPS* activities, which have been global development system, promoting common design, continuously im
Slide 17: Review of Phase 1 "Advance"
Review of Phase 1 “Advance” (5) New Strategic Investment Quota Investment for future growth in Phase 2 and beyond, including fostering new businesses, R&D including advanced technology areas, business expansion into peripheral areas of existing businesses, and infrastructure New R&D Workspace develo
Slide 18: Forecast for Fiscal Year 2023
Forecast for Fiscal Year 2023 Continuous impact of components prices increase, but aiming to expand sales in Japan and overseas Year-over-Year Year-over-Year (Unit: Millions of yen) Fiscal Year 2022 Fiscal Year 2023 (amount) (ratio) Net sales 91,325 97,000 +5,674 +6.2% Operating profit 1,523 2,000 +
Slide 19: Dividend of Retained Earnings: Forecast for FY 2023
Dividend of Retained Earnings: Forecast for FY 2023 Dividend Forecast based on 30% Payout Ratio policy (Unit: Yen) 2nd Quarter End of Term Full Year Payout Ratio FY 2021 20 20 40 44.8% FY 2022 10 15 25 58.5% FY 2023 Forecast 10 10 20 31.6% FURUNO ELECTRIC CO., LTD. All Rights Reserved. 19
Slide 20: Forecast: Marine Business
Forecast: Marine Business “100M” stands for 100 Million Marine Business Consolidated Sales (by Region) Marine Business: (Unit: 100 Millions of Yen) Net Sales 805 100M yen 日本 ■Americas ■Japan 米州 欧州 ■Europeアジア その他 ■Asia ■Other Segment Profit 15.0 100M 900 800 55 53 700 42 ◆Japan: Net sales 210 100M ye
Slide 21: Forecast: Industrial Business
Forecast: Industrial Business “100M” stands for 100 Million Industrial Business Consolidated Sales (by Product) Industrial Business: (Unit: 100 Millions of Yen) Net Sales 120 100M yen ■OEM, ETC, etc. ■Healthcare 180 ■Other Industrial ■Wireless LAN Systems Segment Profit 2.0 100M yen 160 ◆OEM, ETC, e
Slide 22: Topics
Topics FURUNO ELECTRIC CO., LTD. All Rights Reserved. 22
Slide 23: Topics: Health and Productivity Management Organization (White 500)
Topics Certified for 5 consecutive years and a “Health and Productivity Management Organization (White 500)” The "Excellent Corporation for Health Management System" is a system to recognize large corporations, small and medium-sized companies, and other corporations that practice particularly excel
Slide 24: Appendix: FURUNO's Business Outline
Appendix: FURUNO’s Business Outline FURUNO ELECTRIC CO., LTD. All Rights Reserved. 24
Slide 25: Appendix: Corporate Outline
Appendix: Corporate Outline Since commercializing the world's first Fish Finder in 1948, FURUNO has supplied many types of products for the marine electronics market. By using its exclusive knowledge of ultrasonic and electronics technologies, FURUNO has developed a wide array of products that have
Slide 26: Appendix: FURUNO's Business Fields
Appendix: FURUNO’s Business Fields Automatic GPS/GNSS Identification Disciplined GPS/GNSS System (AIS) Oscillator Displacement Continuous Remote Monitoring Satellite System Communications Meteorological Equipment Monitoring and Analyzing System Wireless LAN Radar Access Point Voyage Data GPS/GNSS Re
Slide 27: Appendix: FURUNO's Marine Business
Appendix: FURUNO’s Marine Business For Merchant Vessels ECDIS (Electronic Chart Display Satellite Communications Radar and Information System) Equipment For Fishing Vessels Sonar Fish Finder Current Indicator Radiotelephone For Pleasure Boats GPS/WAAS Radar Multi-Function Display Chart Plotter Autop
Slide 28: Appendix: FURUNO's Industrial Business
Appendix: FURUNO’s Industrial Business OEM, ETC, etc. ETC2.0 / ETC * ETC, Vehicle GPS / GNSS Management Solution* Chips & Modules Healthcare Clinical Chemistry Analyzer & Reagent Ultrasound Bone Densitometer Wireless LAN Systems Wireless LAN Access Point* Wireless Handheld Terminal* FURUNO ELECTRIC