Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — 1H FY2021/3 Earnings Presentation
11 slides from Oki Electric Industry's earnings presentation, Oct 29, 2020
Slide 1: Financial Results for 1H of the FY Ending March 31, 2021
Financial Results for １H of the FY Ending March 31, 2021 October 29, 2020 Oki Electric Industry Co., Ltd. © Copyright 2020 Oki Electric Industry Co., Ltd. 1
Slide 2: Summary of Financial Results
Summary of Financial Results Net sales decreased due to a reactionary decline following the completion of a series of large-scale projects and the continuing expansion of COVID-19. As a result, each profit deteriorated. 1H 1H FY2021/3 FY2020/3 Variance (Billion yen) (Results) (Results) Net sales 173
Slide 3: Segment Information (Net Sales)
Segment Information (Net Sales) Solution Systems Despite the impact of the previous fiscal year, including a reactionary decline from large-scale projects (for network-related and some government offices) and changes in sales standards, the year-on-year decrease shrank in Q2. Components & Platforms
Slide 4: Segment Information (Operating Income/Loss)
Segment Information (Operating Income/Loss) Solution Systems Profits were stable despite the impact of a reactionary decline in sales in the previous fiscal year. Components & Platforms Profits were low due to sluggish sales. Sales mix is in the process of improving. 1H 1H FY2021/3 FY2020/3 Variance
Slide 5: Reasons for Changes in Operating Income/Loss
Reasons for Changes in Operating Income/Loss The impact of volume fluctuations was significant. Some recovery was achieved through a review of overall costs, etc. (Billion yen) 1H FY2021/3 5.2 Results 1H (2.6) FY2020/3 (14.5) Results ＋5.5 Changes in price ±0.0 ±0.0 +1.5 Impact of Changes in currency
Slide 6: Balance Sheets
Balance Sheets There is no major change in the composition of each asset and liability. Total assets were reduced. Shareholders’ equity ratio decreased by 0.5 points. Sep. 2020 Mar. 2020 Variance (Billion yen) Current assets 205.1 236.7 (31.6) Fixed assets 137.0 135.7 1.3 Assets 342.1 372.5 (30.4) C
Slide 7: Cash Flows
Cash Flows Cash flows are almost unchanged from the previous year except for asset sales in the previous year. Cash reserves are at a level with some leeway. 1H 1H FY2021/3 FY2020/3 Variance (Billion yen) (Results) (Results) Ⅰ Cash flows from operating activities 16.6 12.1 +4.5 Ⅱ Cash flows from inv
Slide 8: Financial Forecasts
Financial Forecasts Net sales, operating income and segment figures are unchanged from the previous forecasts. Profit attributable to owners of parent includes the extraordinary losses arising from business restructuring. Exchange rate assumptions: ¥110/USD, ¥120/EUR FY2021/3 FY2020/3 Variance (Bill
Slide 9: Investments and Cash Flows Forecasts
Investments and Cash Flows Forecasts Investments FY2021/3 FY2020/3 Forecasts Results Variance (Billion yen) Capital Expenditure 21.0 19.2 +1.8 Depreciation 13.0 12.0 +1.0 R&D 12.0 10.6 +1.4 Cash Flows FY2021/3 FY2020/3 Forecasts Results Variance (Billion yen) Ⅰ Cash flows from operating activities 2
Slide 10: 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. •
Slide 11: © Copyright 2020 Oki Electric Industry Co., Ltd.
© Copyright 2020 Oki Electric Industry Co., Ltd. 11
Oki Electric Industry — 1H FY2021/3 Earnings Presentation on 6ix