Furuno Electric Co., Ltd. · TSE:6814
Furuno Electric — FY2021 Earnings Presentation
20 slides from Furuno Electric's earnings presentation, Apr 14, 2022
Slide 1: Financial Results Briefing Materials
Fiscal Year 2021 (Ended February 28, 2022) Financial Results Briefing Materials April 14, 2022 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 forecasts are determin
Slide 2: Summary of Fiscal Year 2021
Summary of Fiscal Year 2021 Net Sales: Increase Sales recovery for Marine Business mainly in Europe and the Americas Profit: Decrease End of special demand for GIGA School for Wireless Access Point Improvement in overall profitability for core Marine Business FURUNO ELECTRIC CO., LTD. All Rig
Slide 3: Consolidated Income Statement
Consolidated Income Statement Improvement in overall profitability for core Marine Business. Continuous investments for the future. Year-over-Year Year-over-Year (Unit: Millions of yen) FY 2019 FY 2020 FY 2021 (amount) (ratio) Net sales 83,066 82,255 84,783 +2,528 +3.1% Gross profit 28,524 30,839 31
Slide 4: Analysis of Increase/Decrease in Net Sales
Analysis of Increase/Decrease in Net Sales Sales recovery for Marine Business mainly in Europe and the Americas. 700 (Unit: 100 Millions of Yen) Industrial Business Net Sales Decrease -4.3 Marine Business Other Net Sales Decrease Business 650 -38.4 Industrial +0.3 Business Other Business Marine Net
Slide 5: Analysis of Increase/Decrease in Gross Profit on Sales
Analysis of Increase/Decrease in Gross Profit on Sales Despite Gross profit push down due to component prices increase, overall improvement in profitability for Marine Business. 400 (Unit: 100 Millions of Yen) Industrial Marine Business Business Marine Profitability Sales Business Improvement, etc.
Slide 6: Analysis of Increase/Decrease in Operating Profit
Analysis of Increase/Decrease in Operating Profit Increase in SG&A expenses in Marine Business with acquisition of overseas subsidiaries, etc. (Unit: 100 Millions of Yen) Marine Business 75 Increase in Expenses Industrial, Marine -12.2 Wireless LAN +20.3 -26.7 60 Wireless LAN Systems Gross Profit Ma
Slide 7: Overview of Marine Business
Overview of Marine Business “100M” stands for 100 Million Marine Business Consolidated Sales (by Region) Marine Business: 800 日本 ■Americas 米州 欧州 ■Japan ■Europeアジア その他 ■Asia ■Other Net Sales 705 100M yen (+12.1% year-over-year) (Unit: 100 Millions of Yen) Segment Profit 27.7 100M yen (+20.4 100M yen)
Slide 8: Overview of Industrial Business
Overview of Industrial Business “100M” stands for 100 Million Industrial Business Consolidated Sales 250 (by Product) Industrial Business: (Unit: 100 Millions of Yen) Net Sales 104 100M yen (-4.0% year-over-year) ■PNT ■Healthcare ■Other Industrial Segment Loss -0.2 100M yen (-3.4 100M yen) 200 ■Wire
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet Continuous decrease in Commercial products but increase in raw materials. Increase in “Tangible fixed assets” with construction of new R&D Building. (Unit: Millions of yen) FY 2020 FY 2021 YoY (amount) YoY (ratio) Current assets 60,770 62,010 +1,239 +2.0% (Cash and deposit
Slide 10: Consolidated Financial Results Forecast for FY 2022
Consolidated Financial Results Forecast for FY 2022 Continuous initiatives to improve the structure and strength of the company for further profitability. Uncertainties regarding production delays and rising material prices but working on necessary measures to meet strong demand from customers. (Uni
Slide 11: Corporate Vision
Corporate Vision 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 Human Resources and Corporate Culture Vision: VALUE through GLOBALIZATION and SPEED Growth Targets for FY 2030: Consoli
Slide 12: Mid-Term Management Plan
Mid-Term Management Plan We will progressively and promptly work toward realizing the FURUNO GLOBAL VISION “NAVI NEXT 2030” through the following three phases. FY 2020-2022 FY 2023-2025 FY 2026-2030 Phase 1 Phase 2 Phase 3 Advance Connect Transform Strengthening Capabilities and Improving Structure
Slide 13: Strengthening Capabilities and Improving Structure
Strengthening Capabilities and Improving Structure (1) Stronger inventory control and (2) Further Increase in Quality Level appropriate inventory levels Promote the reduction of inventories in all areas of the Based on the “Quality Before Everything” mentality, value chain by working together to ref
Slide 14: Initiatives for Future Growth
Initiatives for Future Growth (5) New Strategic Investment Quota Investment for future growth in Phase 2 and beyond, including fostering new businesses, R&D including advanced technology areas, business expansion into peripheral areas of existing businesses, and infrastructure development. New R&D W
Slide 15: Appendix: FURUNO's Business Outline
Appendix: FURUNO’s Business Outline FURUNO ELECTRIC CO., LTD. All Rights Reserved. 15
Slide 16: Appendix: Consolidated Cash Flow Statement
Appendix: Consolidated Cash Flow Statement (Unit: Millions of yen) Fiscal Year 2020 Fiscal Year 2021 YoY (amount) Cash Flow 8,512 6,193 -2,319 from Operating Activities Cash Flow -4,553 -4,389 +164 from Investing Activities Free Cash Flow 3,959 1,803 -2,155 Cash Flow -850 -3,518 -2,667 from Financin
Slide 17: Appendix: Corporate Outline
Appendix: 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
Slide 18: Appendix: FURUNO's Business Fields
Appendix: 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 Re
Slide 19: Appendix: FURUNO's Marine Business
Appendix: 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 Autop
Slide 20: Appendix: FURUNO's Industrial Business
Appendix: FURUNO’s Industrial Business PNT 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. A