Fuji Electric Co., Ltd. · TSE:6504
Fuji Electric — FY2023 Earnings Presentation
21 slides from Fuji Electric's earnings presentation, Apr 25, 2024
Slide 1: Consolidated Financial Results for FY2023
Consolidated Financial Results for FY2023 Fuji Electric Co., Ltd. April 25, 2024 © Fuji Electric Co., Ltd.
Slide 2: Contents
Contents 1. FY2023 Results (YoY Comparison) P. 3 2. FY2023 Results（Comparison with Forecasts on Jan. 31, 2024） P. 12 3. Balance Sheet, Cash Flow Statement P. 14 4. Dividend of Surplus P. 17 5. Reference P. 19 © Fuji Electric Co., Ltd. 2
Slide 3: 1. FY2023 Results (YoY Comparison)
1. FY2023 Results (YoY Comparison) © Fuji Electric Co., Ltd. 3
Slide 4: Summary of Consolidated Financial Results for FY2023 (YoY Comparison)
Summary of Consolidated Financial Results for FY2023 (YoY Comparison) New record highs for net sales, operating profit, ordinary profit, profit attributable to owners of parent and operating profit ratio (Billion yen) (Billion yen) FY2022 FY2023 Change Change of Net Sales Net Sales 1,009.4 1,103.2 9
Slide 5: Breakdown of Changes in Operating Results
Breakdown of Changes in Operating Results for FY2023 (YoY Comparison) Higher profit, despite impacts from rising material cost and fixed costs such as labor cost, due to increases in product selling price and sales and production volumes Increase in sales and Increase in (Billion yen) production vol
Slide 6: Net Sales and Operating Profit by Segment
Net Sales and Operating Profit by Segment for FY2023 (YoY Comparison) Higher net sales and operating results in all segments, Operating profit ratio of more than 8% (Billion yen) FY2022 FY2023 Change Operating Operating Operating Operating Operating Operating Net Sales Net Sales Net Sales Profit Pro
Slide 7: Business Results by Segment ①
Business Results by Segment for FY2023 (YoY Comparison) ① (Billion yen) FY2022 FY2023 Results Results Change Overview Power Generation: Lower net sales and operating results (Net Sales Decreased by 12%) Decrease in net sales due to the absence of large-scale renewable energy projects recorded in the
Slide 8: Business Results by Segment ②
Business Results by Segment for FY2023 (YoY Comparison) ② (Billion yen) FY2022 FY2023 Results Results Change Overview Automation Systems: Higher net sales and operating results (Net Sales Increased by 9%) Increase in net sales and operating results largely as a result of increased production of Net
Slide 9: Business Results by Segment ③
Business Results by Segment for FY2023 (YoY Comparison) ③ (Billion yen) FY2022 FY2023 Results Results Change Overview Increase in net sales due to growth in demand for power semiconductors for electrified vehicles (xEVs), the benefits of which offset the impacts of declines in production and sales s
Slide 10: Net Sales by Japan and Overseas Area
Net Sales by Japan and Overseas Area for FY2023 (YoY Comparison) Sales up in Asia and all other regions Ratio of overseas sales 29% 30% YoY (Billion yen) 1,103.2 +93.8 Power Generation -5.9 1,009.4 FY2022 FY2023 Change Energy Management +4.4 Overseas Power Supply and Facility Systems +12.0 332.4 +40
Slide 11: Breakdown of Changes in Amount of Orders Received by Segment
Breakdown of Changes in Amount of Orders Received by Segment for FY2023 (YoY Comparison) Lower orders for industrial components, large increase in orders for automotive semiconductors and plant systems Delay in automotive semiconductor order fulfillment in fourth quarter due to difficulty in procuri
Slide 12: 2. FY2023 Results (Comparison with Forecasts on Jan. 31, 2024)
2. FY2023 Results （Comparison with Forecasts on Jan. 31, 2024） © Fuji Electric Co., Ltd. 12
Slide 13: Summary of Consolidated Financial Results for FY2023 (Comparison with Forecasts)
Summary of Consolidated Financial Results for FY2023 (Comparison with Forecasts on Jan. 31, 2024) Sales and profit higher than forecasts announced on January 31, 2024, in all segments (Billion yen) Forecasts FY2023 (January 31, 2024) Results Change Net Sales 1,070.0 1,103.2 +15.0* 33.2 Operating Pro
Slide 14: 3. Balance Sheet, Cash Flow Statement
3. Balance Sheet Cash Flow Statement © Fuji Electric Co., Ltd. 14
Slide 15: Consolidated Balance Sheet at the End of FY2023
Consolidated Balance Sheet at the End of FY2023 (YoY Comparison) Liabilities and (Billion yen) Assets 3/31/23 3/31/24 Change Net Assets 3/31/23 3/31/24 Change Cash and deposit 84.7 66.2 -18.5 Notes and account 201.6 207.4 5.8 Notes and account payables-trade Interest-bearing receivables-trade, 388.5
Slide 16: Consolidated Cash Flows
Consolidated Cash Flows for FY2023 (YoY Comparison) (Billion yen) FY2022 FY2023 Ⅰ Cash Flows from Operating Activities 116.2 84.9 Ⅱ Cash Flows from Investing Activities -49.5 -62.4 Ⅰ＋Ⅱ Free Cash Flow（FCF） 66.7 22.4 Ⅲ Cash Flows from Financing Activities -77.2 -45.9 Ⅳ Cash and Cash Equivalents at End
Slide 17: 4. Dividend of Surplus
4. Dividend of Surplus © Fuji Electric Co., Ltd. 17
Slide 18: Dividend of Surplus
Dividend of Surplus Year-end dividends of 75 yen per share 160 （Yen） 1株当たり期末配当額 Year-end dividend per share 140 Interim dividend per share 1株当たり中間配当額 135 120 115 100 100 80 80 85 75 80 70 60 55 50 55 45 60 45 40 40 35 40 40 25 25 30 20 20 25 55 60 20 45 20 15 40 40 40 10 10 25 25 30 15 20 0 10 10 10
Slide 19: 5. Reference
5. Reference © Fuji Electric Co., Ltd. 19
Slide 20: Reference
Reference ■ED&C Components amount of orders received 4Q QoQ 4Q YoY Annual YoY All +2% -7% -22% Japan -5% -15% -27% Overseas +22% +19% -6% ■Low-voltage inverters amount of orders received All +29% -21% -35% Japan -6% -38% -45% Overseas +46% -14% -29% ■Semiconductor amount of orders received All +1% +
Slide 21: Notes on forward-looking statements and audit status
1.These materials are outside the scope of auditing procedures required by law, and as of the date of this results presentation, financial statement auditing procedures required by law have not yet been completed. 2. Statements made in this documents or in the presentation to which they pertain rega