Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — Q1 FY2022/3 Earnings Presentation
12 slides from Oki Electric Industry's earnings presentation, Aug 12, 2021
Slide 1: Financial Results for Q1 of the FY Ending March 31, 2022
Financial Results for Q1 of the FY Ending March 31, 2022 August 12, 2021 Oki Electric Industry Co., Ltd. © Copyright 2021 Oki Electric Industry Co., Ltd. 1
Slide 2: Executive Summary
Executive Summary Q1 FY 2022/3 Results Net sales and operating income were generally in line with forecasts, except for supply chain impact. Structural reform costs (for sales companies in Europe and the U.S.) were recorded as extraordinary losses. FY 2022/3 Outlook (External Environment)
Slide 3: Summary of Financial Results
Summary of Financial Results Net sales decreased YOY due to the decrease in Solution Systems despite the increase in Components & Platforms. Operating income decreased YOY due to a significant decrease in sales. Non-operating income improved due to foreign exchange gains. Extraordinary loss po
Slide 4: Segment Information (Net Sales/ Operating Income)
Segment Information (Net Sales/ Operating Income) (Billion yen) Q1 Q1 Net Sales FY2022/3 FY2021/3 Variance (Results) (Results) Solution Systems 33.9 39.6 (5.7) Components & Platforms 45.9 41.6 +4.3 Others 0.1 0.2 (0.1) Total 79.9 81.4 (1.5) Q1 Q1 Operating Income FY2022/3 FY2021/3 Variance (Results)
Slide 5: Reasons for Changes in Operating Income/Loss
Reasons for Changes in Operating Income/Loss Changes in volume were mainly in Solution Systems. For Components & Platforms, the effect of increased volume was offset by increased costs of upfront investment in automated machines etc. Increased procurement costs including semiconductors were ab
Slide 6: Overview: Solution Systems Business
Overview: Solution Systems Business Q1 Results ・ Generally in line with forecasts, except for supply chain impact ・ Sales of DX domain steadily increasing toward the annual plan (Q1 Sales ¥6.2 B) (Billion yen) Public solutions Net Sales • Roadways (ETC, VICS), air traffic control, 39.6 disaster
Slide 7: Overview: Components & Platforms Business
Overview: Components & Platforms Business Q1 Results: • Mono-zukuri(manufacturing) Platforms: Sales for FA/semiconductor manufacturing equipment continued to perform well. • Components: Sales increased. Demand for printer consumables increased upon the economic recovery in the Europe and the U.S.
Slide 8: Balance Sheets
Balance Sheets There is no major change in the composition of each asset and liability. Total assets were reduced. Shareholders’ equity ratio decreased by 0.3 points. Jun. 2021 Mar. 2021 Variance (Billion yen) Current assets 205.1 222.2 (17.1) Fixed assets 151.2 151.0 +0.2 Assets 356.2 373.2 (17
Slide 9: Cash Flows
Cash Flows Free cash flow improved due to improvements in working capital. Q1 Q1 FY2022/3 FY2021/3 Variance (Billion yen) (Results) (Results) Ⅰ Cash flows from operating activities 21.4 16.0 +5.4 Ⅱ Cash flows from investing activities (4.3) (3.5) (0.8) Free cash flows (Ⅰ＋Ⅱ) (17.1) 12.5 +4.6 Ⅲ Cash
Slide 10: Financial Forecasts
Financial Forecasts Initial forecasts left unchanged. FY2022/3 FY2021/3 Variance (Billion yen) Forecasts Results Net sales 198.5 190.8 7.7 Solution Systems Operating income 16.5 16.3 0.2 Components & Net sales 201.0 201.5 (0.5) Platforms Operating income 2.5 (0.4) 2.9 Net sales 0.5 0.6 (0.1) Other
Slide 11: Notice
Notice • The projections and plans in this material are based on information currently available to OKI as of the date of publication and certain assumptions judged as rational, therefore actual results are subject to change depending upon the changes of business environments and other conditions. •
Slide 12: © Copyright 2021 Oki Electric Industry Co., Ltd.
© Copyright 2021 Oki Electric Industry Co., Ltd. 12
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