Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q1 FY2021 Earnings Presentation
22 slides from Hirose Electric's earnings presentation, Aug 2, 2021
Slide 1: Business Results for the First Quarter of FY2021
Hirose Electric Business Results for the First Quarter of FY2021 Business Results for the First Quarter of FY2021 August 2, 2021 Hirose Electric Co., Ltd. 〔6806〕
Slide 2: Cautionary Statement
Cautionary Statement In this material, there are descriptions based on current estimation by Hirose Electric. Hirose cautions you that a number of important risks, uncertainties and others could cause actual results to differ materially from those discussed in the *forward-looking statements. Thank
Slide 3: Summary of the business results (FY2021.1Q)
HS Summary of the business results (FY2021.1Q From April, 2021 to June, 2021) H@ In the first quarter of FY2021, the demand for general industrial increased, and the sales for automotive and consumer electronics grew. As a result, orders and sales of FY2021.1Q has reached the highest-ever level on q
Slide 4: Changes in sales and operating profit (FY2020.1Q-FY2021.1Q)
Changes in sales and operating profit (FY2020.1Q-FY2021.1Q / Consolidated basis) HS MmmSales Operating profit -O- Operating profit ratio (Yen in hundred millions) 374.4 384.4 336.4 274.0 23.7% 21.5% 20.8% 90.9 59.0 70.0 20.1Q 20.2Q 20.3Q 20.4Q 21.1Q
Slide 5: Business Results for FY2021.1Q
Business Results for FY2021.1Q (Yen in hundred millions) Increase Increase FY2020.1Q FY2021.1Q / Decrease / Decrease Ratio (FY ended June 30, 2020) (FY ended June 30, 2021) (YoY) (YoY) Sales 274.0 384.4 +110.4 40.3% COGS Ratio 58.0% 55.1% ‐2.9 SGA Ratio 26.0% 21.4% ‐4.6 Operating Profit 59.0 90.9 +3
Slide 6: Major Changes over 1Q of FY2021
HS Major Changes over 1Q of FY2021 (Yen in hundred millions) Sales 110.4 hundred million yen Increased Non consolidated Hirose: +77.8 (274.0 > 384.4) Subsidiaries: +32.6 COGS Ratio Variable Expense Ratio: 35.5% > 36.2% Depreciation Ratio: 11.9% —>9.0% 2.9pt Improved (538.0% > 55.1%) Labor Cost Ratio
Slide 7: FY2021.1Q YoY Variation Analysis
FY2021.1Q YoY Variation Analysis (Yen in hundred millions) Operating Earnings before Sales Profit (%) income tax (%) FY2020.1Q Actual 274.0 59.0 21.5% 60.9 22.2% Exchange rate 11.0 4.7 5.9 Depreciation cost increase -0.9 -0.9 Labor cost increase -13.6 -13.6 Increase in freightage and -1.6 -1.6 packi
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet HS sjassy Account Cash and cash equivalents Trade and other receivables Inventories Other financial assets Tangible fixed assets Right-of-use asset Others Total Assets Mar 31, 2021 578.4 366.2 169.2 1,801.9 611.8 43.6 134.0 3,705.0 Total of cash in bank 1,776.7 June 30, 20
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet HS Increase / (Yen in hundred millions) Shareholder’s Equity Account Mar 31, 2021 June 30, 2021 Decrease Remark : Purchase increased because of production . Payables and 195.1 rise / Accrued bonus for summer was -: other debt recorded, etc ': oc: Lease liabilities 44.0 a:
Slide 10: Changes in Capital Investment and Depreciation
HS Changes in Capital Investment and Depreciation ' Capital Investment f@mDepreciation (ven in hundred millions) -O-Capital Investment Ratio -O-Depreciation Ratio (%) (170) 186 | (165) 168 y 160 160 —--=-r--4 fa a a a a ae ee ) FY2018 FY2019 FY2020 FY2021 FY2021.1Q (*Excluded: Investment in land, bu
Slide 11: Overseas production and sales ratio 76%
Overseas production and sales ratio 0 76% 71% 72% we —o— _,.* a o- UT % 46° 48 43% 42% ‘ —o— o- oo SFSeSe -~O- Overseas Sales Ratio -~O- Overseas Production Ratio FY2017 FY2018 FY2019 FY2020 FY2021.1Q 11
Slide 12: Sales by Application_General Industrial
HS Sales by Application_General Industrial (Yen in hundred millions) YoY QoQ FY2020.1Q FY2020.4Q FY2021.1Q (F¥21.10/F¥20.10) (FY21.10/FY20.4Q) Sales 103 109 131 +27% +20% @ Composition ratio @ Changes in quarterly sales 131 109 103 95 97 1Q 2Q 3Q 4Q 1Q FY2020 FY2021 @ Overall sales for general indus
Slide 13: Sales by Application_Smartphone
Sales by Application_Smartphone HS FY2020.1Q (Yen in hundred millions) YoY QoQ ee ee (FY21.1Q/FY20.1Q) (FY21.1Q/FY20.4Q) Sales 57 71 72 +26% +1% @ Composition ratio 19% @ Changes in quarterly sales 100 89 71 72 57 1Q 2Q 3Q 4Q 1Q FY2020 FY2021 @ Although the sales for smartphone in Q1 was flat compar
Slide 14: Sales by Application_Automotive/Mobility-related
HS Sales by Application_Automotive/Mobility-related (Yen in hundred millions) FY2020.1Q FY2020.40, ee ee ae Sales 39 72 73 +87% +1% @ Composition ratio @ Changes in quarterly sales 75 72 73 52 39 1Q 2Q 3Q 4Q 1Q FY2020 FY2021 @ The sales has been remaining at high level. 14
Slide 15: Sales by Application_Consumer/Mobile Equipment
HS Sales by Application_Consumer/Mobile Equipment (Yen in hundred millions) YoY QoQ FY2020.1Q STIs. ee (FY21.1Q/FY20.1Q) (FY21.1Q/FY20.4Q) Sales 51 +47% +10% @ Composition ratio @ Changes in quarterly sales 72 72 68 75 51 1Q 2Q 3Q 4Q 1Q FY2020 FY2021 @ The demand for personal and small consumer elec
Slide 16: Sales by Application_Telecommunications infrastructure equipment / OA equipment
HS Sales by Application_Telecommunications infrastructure equipment / OA equipment (Yen in hundred millions) YoY QoQ FY2020.1Q Sette Pcie Ie) (FY21.1Q/FY20.1Q) — (FY21.10/FY20.4Q) Telecommunications 0 0 infrastructure equipment 11 15 15 +36% 0% OA (Office Automation cauioment 5 6 6 +20% 0% @ Composi
Slide 17: Annual sales forecast by applications [Updated]
Annual sales forecast by applications [Updated] HS ad = 435 310 FY20 Forecast FY21 FY20. Forecast FY21 Actual AsofMay Forecast Actual AsofMay Forecast General Industrial Smartphone @ General Industrial @ Smartphone @ Automotive / Mobility-related @ Consumer / Mobile equipment (Yen in hundred million
Slide 18: Summary of the revision of business forecast for the year ending March, 2022
HS Summary of the revision of business forecast for the year ending March, 2022 HM It is expected that the sales for general industrial, consumer and mobile equipment, and automotive and mobility-related business will exceed our previous estimates. We revised our business forecast announced on May 6
Slide 19: Business Forecast for the Year Ending March 31, 2022 (Consolidated)
HS Business Forecast for the Year Ending March 31, 2022(Consolidated) The business for general industrial, automotive and consumer electronics is expected to exceed our previous forecast and we revise the forecast announced in May, 2021 FY2020 (FY ended March 31, 2021) Mia PeysR (aaa Velca mes pleyy
Slide 20: Appendix
Appendix
Slide 21: Sales by Applications round number (quarterly basis)
Sales by Applications round number (quarterly basis) HS (Yen in hundred millions) FY2020 FY2021 Composition ratio by 1Q 20 3a 4Q application General Industrial 103 95 97 109 Smartphone 57 89 100 71 Automotive/Mobility-related 39 52 75 72 Consumer / Mobile Device 51 72 72 68 Telecommunications 11 13
Slide 22: HIROSE ELECTRIC Co.,LTD.
HIROSE ELECTRIC Co.,LTD.