Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — 9M FY2019/3 Earnings Presentation
22 slides from Oki Electric Industry's earnings presentation, Feb 1, 2019
Slide 1: Financial Results for the First Nine Months of the FY Ending March 31, 2019
Financial Results for the First Nine Months of the FY Ending March 31, 2019 February 1, 2019 Oki Electric Industry Co., Ltd. © Copyright 2019 Oki Electric Industry Co., Ltd. 1
Slide 2: Overview of Q3
Overview of Q3 - Net sales were at the same level as in the first nine months of the previous fiscal year. The consolidation of a subsidiary in the EMS business and an increase in sales in the ICT business offset lower sales in the Mechatronics Systems and Printers businesses. - Operating income imp
Slide 3: Summary of Financial Results
Summary of Financial Results Net sales were nearly on a par with the first nine months of the previous fiscal year, although sales in individual segments changed. Operating income continued to improve year on year in each segment. 9 months 9 months (Billion yen) FY2019/3 FY2018/3 Variance Net sales
Slide 4: Segment Information (Net Sales)
Segment Information (Net Sales) ICT: Sales were approximately the same as in the first nine months of the previous fiscal year. Increases in certain governmental projects offset a decline in construction projects for existing customers. Mechatronics Systems: Sales decreased due to the difference in
Slide 5: Segment Information (Operating Income/Loss)
Segment Information (Operating Income/Loss) ICT: Operating income increased due to changes in the sales mix and other factors. Mechatronics Systems: The operating loss decreased due to the impact of structural reforms. Printers: Operating income grew, due to an improvement in the fixed cost structur
Slide 6: Changing Factors of Operating Income/Loss
Changing Factors of Operating Income/Loss Operating income improved, due to such factors as yen depreciation and a reduction in fixed costs. (Billion yen) ICT& Mechatronics& EMS Printers +5.0 5.0 First nine +2.5 (2.0) months FY2018/3 Results Changes in First nine +1.5 fixed costs, etc. months (2.8)
Slide 7: Balance Sheets
Balance Sheets Total assets trended downward, due to increasing asset efficiency. The shareholders’ equity ratio remained appropriate, although down slightly. (Billion yen) Dec. 2018 Mar. 2018 Variance Current assets 217.6 224.7 (7.1) Fixed assets 136.8 141.8 (5.0) Assets 354.4 366.5 (12.1) Current
Slide 8: Cash Flows
Cash Flows Free cash flows amounted to a net outflow of 4.5 B yen. Cash and cash equivalents remained at an appropriate level. 9 months 9 months (Billion yen) FY2019/3 FY2018/3 Variance Ⅰ Cash flows from operating activities 3.2 11.6 (8.4) Ⅱ Cash flows from investing activities (7.7) (8.4) +0.7 Free
Slide 9: Revision of Full-Year Segment Projections
Revision of Full-Year Segment Projections In light of recent business performance, OKI revises its full-year segment projections. FY2019/3 Previous FY2018/3 (Revised on Variance Variance projections Resurts (Billion yen) Feb.1, 2019) Net sales 182.0 185.0 (3.0) 172.7 +9.3 ICT Operating income 14.0 1
Slide 10: Full-Year Projections Qualitative Information (vs. Previous Projections)
Full-Year Projections Qualitative Information (vs. Previous Projections) Mechatronics Systems - Net sales are expected to decrease, due to faster business selection and concentration at overseas business. - Operating income is expected to worsened as accumulated losses shrank at a slower pace due to
Slide 11: Reference
Reference © Copyright 2018 Oki Electric Industry Co., Ltd. 11
Slide 12: Segment Information (Full-year Net Sales and Operating Income)
Segment Information (Full-year Net Sales and Operating Income） Net Sales Operating Income FY2018/3 FY2019/3 Results Plan © Copyright 2018 Oki Electric Industry Co., Ltd. 12
Slide 13: Quarterly Transition of Net Sales and Operating Income
Quarterly Transition of Net Sales and Operating Income © Copyright 2018 Oki Electric Industry Co., Ltd. 13
Slide 14: Quarterly Transition of Net Sales and Operating Income (ICT)
Quarterly Transition of Net Sales and Operating Income (ICT) © Copyright 2018 Oki Electric Industry Co., Ltd. 14
Slide 15: Quarterly Transition of Net Sales and Operating Income (Mechatronics Systems)
Quarterly Transition of Net Sales and Operating Income (Mechatronics Systems) © Copyright 2018 Oki Electric Industry Co., Ltd. 15
Slide 16: Quarterly Transition of Net Sales and Operating Income (Printers)
Quarterly Transition of Net Sales and Operating Income (Printers) © Copyright 2018 Oki Electric Industry Co., Ltd. 16
Slide 17: Quarterly Transition of Net Sales and Operating Income (EMS)
Quarterly Transition of Net Sales and Operating Income (EMS) © Copyright 2018 Oki Electric Industry Co., Ltd. 17
Slide 18: Sales by Region
Sales by Region © Copyright 2018 Oki Electric Industry Co., Ltd. 18
Slide 19: Quarterly Transition of Profit and Loss
Quarterly Transition of Profit and Loss FY end. Mar. 31, 2018 FY end. Mar. 31, 2019 Full year Results 1Q 2Q 3Q 4Q 1Q 2Q 3Q (Plan) (Billion yen) Net sales 90.4 103.6 106.0 138.0 88.9 104.7 105.7 440.0 Operating income/loss (3.9) (0.2) 1.3 10.5 (0.8) 1.6 4.2 15.0 Non-operating income & 0.4 0.4 0.3 (0.
Slide 20: Financial Highlights
Financial Highlights FY end. Mar. 31, 2018 FY end. Mar. 31, 2019 Results （Billion yen） 1Q 2Q 3Q 4Q 1Q 2Q 3Q Total assets 344.2 348.0 357.6 371.8 353.4 352.9 354.4 Net assets 90.9 90.8 92.0 102.1 96.0 95.0 90.9 Interest-bearing debt 84.4 81.1 82.7 81.9 80.7 79.8 86.5 Shareholders’ equity 90.7 90.6 90
Slide 21: 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 22: © Copyright 2019 Oki Electric Industry Co., Ltd.
© Copyright 2019 Oki Electric Industry Co., Ltd. 22
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