Fuji Electric Co., Ltd. · TSE:6504
Fuji Electric — Q1 2024 Earnings Presentation
22 slides from Fuji Electric's earnings presentation, Jul 25, 2024
Slide 1: Consolidated Financial Results for 1Q FY2024
Consolidated Financial Results for 1Q FY2024 Fuji Electric Co., Ltd. July 25, 2024 © Fuji Electric Co., Ltd.
Slide 2: Contents
Contents 1. FY2024 1Q Results (YoY Comparison) P. 3 2. FY2024 Forecasts (Comparison with Forecasts on April 25, 2024） P. 12 3. Balance Sheet, Cash Flow Statement P. 16 4. Reference P. 19 © Fuji Electric Co., Ltd. 2
Slide 3: 1. FY2024 1Q Results (YoY Comparison)
1. FY2024 1Q Results (YoY Comparison) © Fuji Electric Co., Ltd. 3
Slide 4: Summary of Consolidated Financial Results
Summary of Consolidated Financial Results for 1Q FY2024 (YoY Comparison) New record highs for net sales, operating profit, and ordinary profit (Billion yen) (Billion yen) FY2023 FY2024 Change Change of Net Sales Net Sales 234.1 236.4 2.2 Gain on translation of earnings of overseas subsidiaries Deman
Slide 5: Breakdown of Changes in Operating Results
Breakdown of Changes in Operating Results for 1Q FY2024 (YoY Comparison) Profit up, despite higher fixed costs and raw material prices, due to benefits of differences in profitability between models and cost reduction activities (Billion yen) Others Decrease in sales and Increase in (+5.2) 17.3 prod
Slide 6: Net Sales and Operating Profit by Segment
Net Sales and Operating Profit by Segment for 1Q FY2024 (YoY Comparison) Higher sales and operating profit in Industry, Semiconductors, and Food and Beverage Distribution segments (Billion yen) FY2023 FY2024 Change Operating Operating Operating Operating Operating Operating Net Sales Net Sales Net S
Slide 7: Business Results by Segment ① Energy
Business Results by Segment for 1Q FY2024 (YoY Comparison) ① (Billion yen) FY2023 FY2024 1Q 1Q Change Overview Power Generation: Lower net sales and operating results (Net Sales Decreased by 20%) Decrease in net sales and operating results due to the absence of large-scale renewable energy projects
Slide 8: Business Results by Segment ② Industry
Business Results by Segment for 1Q FY2024 (YoY Comparison) ② (Billion yen) FY2023 FY2024 1Q 1Q Change Overview Automation Systems: Higher net sales and operating results (Net Sales Increased by 7%) Increase in net sales and operating results as the benefits of increased demand for drive control syst
Slide 9: Business Results by Segment ③ Semiconductors, Food and Beverage Distribution
Business Results by Segment for 1Q FY2024 (YoY Comparison) ③ (Billion yen) FY2023 FY2024 1Q 1Q Change Overview Increase in net sales due to growth in demand for power semiconductors for electrified vehicles (xEVs) and favorable foreign exchange influences, the benefits of which offset the impacts of
Slide 10: Net Sales by Japan and Overseas Area
Net Sales by Japan and Overseas Area for 1Q FY2024 (YoY Comparison) Ratio of overseas sales 30% 31% YoY (Billion yen) +2.2 FY2023 FY2024 Change Overseas Overseas 71.2 72.7 +5.5* 1.5 Power Generation +1.2 +1.5 Power Supply and -3.3 Asia Facility Systems and 36.2 31.7 +2.0* -4.5 Semiconductors -2.3 Ot
Slide 11: Major Component Orders in the Three-Month Period Ended June 30, 2024
Major Component Orders in the Three-Month Period Ended June 30, 2024 YoY : Large increase in plant system orders QoQ: Decrease in semiconductor and Low-voltage inverters demand YoY (Billion yen) (Billion yen) Major Components 296.1 +23.9 Order Received Trend 1Q Plant Systems QoQ 272.1 Energy 98.2 10
Slide 12: 2. FY2024 Forecasts
2. FY2024 Forecasts (Comparison with Forecasts on April 25, 2024） © Fuji Electric Co., Ltd. 12
Slide 13: Revision to FY2024 Six-month (1H) and Full-year forecasts
Revision to FY2024 Six-month (1H) and Full-year forecasts 【Six-month (1st Half)】 ・Downward revision to reflect lower demand from certain automotive semiconductor customers ・Upward revision following rise in demand for automatic change dispensers in Food and Beverage Distribution segment ・Recording o
Slide 14: Consolidated Financial Results Forecasts for six months FY2024
Consolidated Financial Results Forecasts for six months FY2024 (Comparison with Forecasts on April 25, 2024) Revisions to performance forecasts for Semiconductors and Food and Beverage Distribution segments based on recent trends Upward revision to forecast for profit attributable to owners of paren
Slide 15: Consolidated Financial Results Forecasts for full-year FY2024
Consolidated Financial Results Forecasts for full-year FY2024 (Comparison with Forecasts on April 25, 2024) Full-year forecasts revised to reflect revision to six-month forecasts Forecasts to be reexamined after six-month financial results announcement based on foreign exchange rates, etc. (Billion
Slide 16: 3. Balance Sheet, Cash Flow Statement
3. Balance Sheet Cash Flow Statement © Fuji Electric Co., Ltd. 16
Slide 17: Consolidated Balance Sheet at the End of 1Q FY2024
Consolidated Balance Sheet at the End of 1Q FY2024 (Comparison on the end of a previous fiscal year) Liabilities and (Billion yen) Assets 3/31/24 6/30/24 Change Net Assets 3/31/24 6/30/24 Change Cash and deposit 66.2 66.2 -0.0 Notes and account 207.4 190.6 -16.8 Notes and account payables-trade Inte
Slide 18: Consolidated Cash Flows
Consolidated Cash Flows for 1Q FY2024 (YoY Comparison) (Billion yen) FY2023 FY2024 Ⅰ Cash Flows from Operating Activities 12.0 66.2 Ⅱ Cash Flows from Investing Activities -5.3 -27.0 Ⅰ＋Ⅱ Free Cash Flow（FCF） 6.7 39.2 Ⅲ Cash Flows from Financing Activities -44.9 -43.2 Ⅳ Cash and Cash Equivalents at End
Slide 19: 4. Reference
4. Reference © Fuji Electric Co., Ltd. 19
Slide 20: Reference: Orders received
Reference ■ED&C Components amount of orders received 1Q QoQ 1Q YoY All +5% +3% Japan +9% -1% Overseas -6% +13% ■Low-voltage inverters amount of orders received All -31% -18% Japan +5% -15% Overseas -42% -20% ■Semiconductors amount of orders received All -4% +8% Industrial -3% +7% Automotive -5% +10%
Slide 21: Reference: Consolidated Financial Results Forecasts for six months FY2024
Reference: Consolidated Financial Results Forecasts for six months FY2024 (YoY Comparison) (Billion yen) FY2023 FY2024 Forecasts Results (July 25, 2024) Change Net Sales 491.7 494.0 2.3 Operating Profit 35.0 35.5 0.5 Operating Profit Ratio 7.1% 7.2% 0.1% Ordinary Profit 34.6 33.0 -1.6 Profit Attribu
Slide 22: Notes on forward-looking statements
1. This document is not subject to review by the accounting auditor and therefore has not undergone review at the time of release. 2. Statements made in this documents or in the presentation to which they pertain regarding estimates or projections are forward-looking statements based on the company’