Furuno Electric Co., Ltd. · TSE:6814
Furuno Electric — Q3 FY2023 Earnings Presentation
20 slides from Furuno Electric's earnings presentation, Jan 15, 2024
Slide 1: Financial Results Briefing Materials
3rd Quarter of Fiscal Year 2023 (Ending February 28, 2024) Financial Results Briefing Materials January 15, 2024 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 fore
Slide 2: Summary of 3rd Quarter of FY 2023
Summary of 3rd Quarter of FY 2023 ◆Net Sales: Increase ➢ Increase in sales in all regions for Marine business with continued increase in production to catch-up high backlog and normalize delivery dates ◆Operating Profit: Increase ➢ Gross profit increased with efforts to improve production efficiency
Slide 3: Consolidated Income Statement
Consolidated Income Statement Increase in sales in all regions for Marine business Better profit margin due to efforts to improve profitability FY 2022 FY 2023 Year-over-Year Year-over-Year (Unit: Millions of yen) 3rd Quarter 3rd Quarter (amount) (ratio) Net Sales 64,979 82,506 +17,526 +27.0% Gross
Slide 4: Analysis of Increase/Decrease in Net Sales
Analysis of Increase/Decrease in Net Sales Increase in sales in all regions for Marine business mainly in merchant vessels Increase in sales for Industrial Business in Defense Equipment 900 (Unit: 100 Millions of Yen) Industrial Business Others Business Marine Business +18.2 -0.4 850 +163.7 800 Wire
Slide 5: Analysis of Increase/Decrease in Gross Profit
Analysis of Increase/Decrease in Gross Profit Increase in gross profit with increase in sales for Marine business 370 and efforts to improve profitability which compensate higher cost Industrial (Unit: 100 Millions of Yen) Foreign Business Price Exchange Sales Increase Management, Impact +4.1 340 Im
Slide 6: Analysis of Increase/Decrease in Operating Profit
Analysis of Increase/Decrease in Operating Profit Significant Increase in profit with higher gross profit in Marine business, 120 despite increase in SG&A expenses with strengthening of sales and service structure Expense Increase (Unit: 100 Millions of Yen) 110 Marine Business with Personnel Gross
Slide 7: Overview of Marine Business
Overview of Marine Business “100M” stands for 100 Million Marine Business Consolidated Sales (by Region) Marine Business (Unit: 100 Millions of Yen) Net Sales 705 100M yen (+30.3% year-over-year) Segment Profit 65.9 100M yen (+51.4 100M yen) ■Japan 日本 ■Americas 米州 ■Europeアジア 欧州 ■Asia ■Other その他 ⚫ In
Slide 8: Overview of Industrial Business
Overview of Industrial Business “100M” stands for 100 Million Industrial Business Consolidated Sales (by Product) Industrial Business (Unit: 100 Millions of Yen) Net Sales 94 100M yen (+23.8% year-over-year) ■OEM, ETC, etc. ■Healthcare Segment Profit +2.9100M yen (+3.0 100M yen) ■Defense Equipment ■
Slide 9: Forecast for FY 2023: Upward Revision
Forecast for FY 2023: Upward Revision Efforts to improve profitability and expected firm demand environment in the Marine business (Unit: Millions of yen) FY 2022 FY 2023 FY 2023 Results Previous Forecast Revised Forecast Net Sales 91,325 105,000 105,000 Operating Profit 1,523 5,000 6,000 (Sales rat
Slide 10: Appendix: Consolidated Balance Sheet
Appendix: Consolidated Balance Sheet (Unit: Millions of yen) Full Year FY 2022 3rd Quarter FY 2023 Current assets 82,280 88,074 (Cash and deposits) (15,376) (12,494) (Inventories) (40,694) (46,903) Fixed assets 24,116 25,873 (Tangible fixed assets) (13,914) (14,502) (Intangible fixed assets) (4,034)
Slide 11: Topics
Topics FURUNO ELECTRIC CO., LTD. All Rights Reserved. 11
Slide 12: Advertisement on trains and stations in Hanshin Railway
Topics Advertisement on trains and stations in Hanshin Railway Our corporate advertisement series “We Want You to Know FURUNO” to promote our attractiveness and familiarity The advertisements including new version are displayed on media in the Hanshin Railway facilities which connect Hyogo and Osaka
Slide 13: Participation in the Nippon Foundation's Unmanned Vessel Project
Topics Participation in the second stage of the Nippon Foundation's Unmanned Vessel Project: Social Implementation Program Overview 1. Demonstration Experiment Design next-generation vessels and conduct ship-land operation demonstrations envisioning the future coastal shipping industry. 2. Standardi
Slide 14: FURUNO dominates 2023 NMEA Product of Excellence Awards
Topics FURUNO dominates 2023 NMEA Product of Excellence Awards About NMEA (National Marine Electronics Association) The awards are given every fall to the products with the best design, performance, and reliability among marine electronic equipment released that year. FURUNO has received the NMEA Be
Slide 15: Publishment of FURUNO's Integrated Report 2023
Topics Publishment of FURUNO’s Integrated Report 2023 Toward a sustainable society and further corporate value This report focuses on our 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,"
Slide 16: FURUNO's Business Outline
FURUNO’s Business Outline FURUNO ELECTRIC CO., LTD. All Rights Reserved. 16
Slide 17: Corporate Outline
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 been world
Slide 18: FURUNO's Business Fields
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 Recorder Rec
Slide 19: FURUNO's Marine Business
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 Autopilot FURUN
Slide 20: FURUNO's Industrial Business
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 CO., LTD.