Japan Aviation Electronics Industry, Limited · TSE:6807
Japan Aviation Electronics Industry — FY2021 Earnings Presentation
31 slides from Japan Aviation Electronics Industry's earnings presentation, Apr 27, 2022
Slide 1: Financial Results for FY2021
Financial Results for FY2021 April 27, 2022 6807 Japan Aviation Electronics Industry, Ltd. Copyright © 2022 | Japan Aviation Electronics Industry, Ltd.
Slide 2: Agenda
Agenda Agenda I. Financial Results for FY2021 II. Prospects for FY2022 III. Progress of the Medium-Term Management Plan and Action Plan for FY2022 Copyright © 2022 | Japan Aviation Electronics Industry, Ltd. 2
Slide 3: I. Financial Results for FY2021
I. Financial Results for FY2021 (From April 1, 2021 to March 31, 2022) ※ Amounts less than 100 million JPY are rounded off. Copyright © 2022 | Japan Aviation Electronics Industry, Ltd. 3
Slide 4: Key Points of Financial Results
Key Points of Financial Results ▶ Net Sales: 225.1 Billion Yen +15.4 Billion Yen (vs. FY2020) Significantly increased mainly in automotive and industrial & infrastructure markets • Solid demand continued in the automotive market, despite the impact of reduced production due to chip shortage and ot
Slide 5: Net Sales and Profits
Net Sales and Profits (JPY in 100millions) Year/Year FY2020 FY2021 Projections Change announced 1H 2H 1H 2H 2H Oct, 2021 Net Sales 972 1,125 2,097 1,120 1,131 2,251 100% 107% 2,270 Operating 9 78 87 92 88 180 113% 207% 185 Profit to Net Sales 0.9% 6.9% 4.2% 8.2% 7.8% 8.0% Ordinary 8 71 79 89 96 186
Slide 6: Sales by Market Segment
Sales by Market Segment ▶ Mobile Devices: Sales fell below of the projection due to decreased demand of Chinese smartphone customers etc. ▶ Automotive: Solid demand continued throughout the year despite the impact of reduced production among automobile manufacturers ▶ Industrial & Infrastructure: Ex
Slide 7: Factors of Profit Increase and Decrease (vs. projection)
Factors of Profit Increase and Decrease（vs. projection) (JPY in 100 millions) Exchange rate change Others Sales decrease Increase in transportation costs and materials costs ＋ Increase due to exchange rate change 185 ー Sales decrease in mobile devices market 180 ー Sales decrease in customers’ produc
Slide 8: Connector Business
Connector Business Sales by Market Segment Net sales: 107%, year/year (JPY in 100 millions) Year/Year ▶ Mobile devices Change 1,983 • Sales decline of specific products severely 1,857 107％ impacted mobile devices sales • Sales to Chinese smartphone customers increased from the previous year, despite
Slide 9: UIS Business
UIS Business Sales by Market Segment Year/Year (JPY in 100 millions) 108 Net sales: 107%, year/year 101 Change 107％ ▶ Automotive (Capacitive Touch Panels) Demand declined due to customers’ reduction in production caused by chip 96% 63 shortage Automotive 65 ▶ Industrial and Infrastructure Sales incr
Slide 10: Aerospace Business
Aerospace Business Sales by Market Segment (JPY in 100 millions) Year/Year 153 Net sales: 115%, year/year Change 133 115％ ▶ Industrial & infrastructure, and Automotive Industrial & 102 Significantly increased compared to the Infrastructure 79 128% and Automotive previous year due to increased demand
Slide 11: Revision of Year-End Dividend Forecast
Revision of Year-End Dividend Forecast (JPY in 100millions) Year/Year FY2020 FY2021 Projections Change announced 1H 2H 1H 2H 2H Oct, 2021 Net Sales 972 1,125 2,097 1,120 1,131 2,251 100% 107% 2,270 Operating 9 78 87 92 88 180 113% 207% 185 Profit to Net Sales 0.9% 6.9% 4.2% 8.2% 7.8% 8.0% Ordinary 8
Slide 12: II. Prospects for FY2022
II. Prospects for FY2022 Copyright © 2022 | Japan Aviation Electronics Industry, Ltd. 12
Slide 13: Assumptions for the Earnings Forecasts
Assumptions for the Earnings Forecasts ▶ Demand for electronic components is expected to steadily increase, despite the uncertainties generated by the further spread of COVID-19, soaring material/energy prices, and exchange rate fluctuation FY2021 FY2022 Year/Year Change Automobile production 77.1 m
Slide 14: Prospects for FY2022
Prospects for FY2022 (JPY in 100millions) FY2021 FY2022 Year/Year 1H Change 1H 2H Projections Projections Net Sales 1,120 1,131 2,251 1,210 2,450 199 109% Operating Profit 92 88 180 95 200 20 111% to Net Sales 8.2% 7.8% 8.0% 7.9% 8.2% Ordinary Profit 89 96 186 90 190 4 102% to Net Sales 8.0% 8.5% 8.
Slide 15: Projections for Net Sales by Business Segment
Projections for Net Sales by Business Segment (JPY in 100millions) FY2021 FY2022 1H FY2022/ 1H 2H Projections Projections FY2021 Connector 999 984 1,983 1,070 2,150 167 108% UIS 55 52 108 55 120 12 112% Aerospace 63 90 153 80 170 17 111% Others 4 4 8 5 10 2 123% Total 1,120 1,131 2,251 1,210 2,450 1
Slide 16: Projections for Net Sales by Market Segment
Projections for Net Sales by Market Segment (JPY in 100millions) FY2021 FY2022 1H FY2022/ 1H 2H Projections Projections FY2021 Mobile Devices 464 425 889 460 915 26 103% Automotive 423 418 841 460 955 114 114% Industrial & Infrastructure 178 215 393 240 475 82 121% Others 56 72 127 50 105 -22 82% To
Slide 17: Factors of Profit Increase and Decrease (FY2021 vs. FY2022 projection)
Factors of Profit Increase and Decrease（FY2021 vs. FY2022 projection) (JPY in 100millions) Increase in sales Increase due to exchange rate change Increase in expenses Increase in such as fixed cost Additional material such as cost for cost and labor cost launching electric new power rate automotive
Slide 18: III. Medium-Term Management Plan Progress and Action Plan for the Current Fiscal Year
III. Medium-Term Management Plan Progress and Action Plan for the Current Fiscal Year Copyright © 2022 | Japan Aviation Electronics Industry, Ltd. 18
Slide 19: Our Thoughts on a Medium-term Management Plan (2021-2025)
Our Thoughts on a Medium-term Management Plan (2021-2025) JAE will provide value to society focusing on five areas, while our society is changing due to COVID-19 pandemic, our business environment is also changing such as progress of decarbonization and full-scale penetration of 5G technologies Soci
Slide 20: Basic Policy and Basic Strategy
Basic Policy Creating value through technologies under the slogan “Technology to Inspire Innovation”, to realize an environmentally friendly mobility and IoT-oriented society connected by 5G Basic Strategy Achieve growth by capturing changes in the 3 focused markets and strengthen technology devel
Slide 21: Progress of the Medium-Term Management Plan (2021-2025)
Progress of the Medium-Term Management Plan (2021-2025) ▶ Sales to mobile devices market declined due to the impact of specific products, however both net sales and profit remained steady with the solid demand in the automotive and industrial & infrastructure FY2020-2025 markets. CAGR 3,000 +6% (JPY
Slide 22: Action Plan for the Current Fiscal Year 【Connector】
Action Plan for the Current Fiscal Year 【Connector】 Medium-term Growth Strategy Achieve double-digit growth in automotive and industrial & infrastructure markets while maintaining sales in the mobile devices market Current fiscal year action plan (mobile devices market) Reinforcing manufacturing
Slide 23: Action Plan for the Current Fiscal Year 【Connector】
Action Plan for the Current Fiscal Year 【Connector】 Current fiscal year action plan Sales of connectors for ADAS (JPY in 100millions) (Automotive Market) 200 • ADAS Expand production and strengthen supply chain for increased number of major Japanese 100 customers’ car models Development for mass p
Slide 24: Action Plan for the Current Fiscal Year 【Connector】
Action Plan for the Current Fiscal Year 【Connector】 Current fiscal year action plan (Industrial & Infrastructure Market) • Factory automation equipment Increase shares among Japanese customers utilizing enhanced production capacity Connector for Servo Motors Expand sales to enter the Chinese robot
Slide 25: Action Plan for the Current Fiscal Year 【UIS】
Action Plan for the Current Fiscal Year 【UIS】 Medium-term Growth Strategy Expand sales by differentiating touch panels specializing in the automotive and industrial & infrastructure markets Current fiscal year action plan • Automotive Strengthen product competitiveness by giving higher added val
Slide 26: Action Plan for the Current Fiscal Year 【Aerospace】
Action Plan for the Current Fiscal Year 【Aerospace】 Medium-term Growth Strategy Expand sales by capturing demand for automated assembly and remote operations for smart society and Semiconductor Super Cycle Current fiscal year action plan • Machinery Expand sales by high-performance linear motors
Slide 27: Investment in production infrastructure 15 – 25 billion yen
Action Plan for the Current Fiscal Year 【Investment in production infrastructure】 Investment in production infrastructure Announced Apr, 2021 Consider expansion of existing production sites to increase output and new site to strengthen global supply chains Production FY2016-2020 FY2021-2025 plan I
Slide 28: Action Plan of Sustainability Management 【Climate Control Measures】
Action Plan of Sustainability Management 【Climate Control Measures】 Reduce greenhouse gases emissions by 55% in 2030 （Compared to the figures in FY2017, on a global consolidated basis) Energy conservation by improving the efficiency of facilities and making electricity use visible, etc. Consider
Slide 29: Prospects for FY2022 ・ Medium-term Management Goals
Prospects for FY2022 ・ Medium-term Management Goals FY2020 Actual FY2021 Actual FY2022 Plan FY2025 Goal Revenue 209.7 billion yen 225.1 billion yen 245.0 billion yen 300.0 billion yen Ordinary 7.9 billion yen 18.6 billion yen 19.0 billion yen 30.0 billion yen Profit (3.8%) (8.3%) (7.8%) (10%) (Profi
Slide 30: Copyright © 2022 | Japan Aviation Electronics Industry, Ltd.
Copyright © 2022 | Japan Aviation Electronics Industry, Ltd.
Slide 31: Cautionary Statement
<Cautionary Statement> The plans, strategies & results forecasts and targets for our company and our consolidated affiliates (hereinafter JAE) noted in these materials are forecasts and targets as of April 27, 2022, and include risks and uncertainties. The targets noted in these materials are not pr
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