Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — H1 FY2021 Earnings Presentation
13 slides from Oki Electric Industry's earnings presentation, Nov 11, 2021
Slide 1: Financial Results for 1H of the FY Ending March 31, 2022
OR Financial Results for 1H of the FY Ending March 31, 2022 November 11, 2021 Oki Electric Industry Co., Ltd. © Copwright 2024 Oki Electric Industry Co. Lid. 4
Slide 2: H1 FY2021 overall results summary
In H1 of FY2021, we promoted the implementation of structural reforms and the building of the foundation for growth, but unfortunately, the impact of parts procurement including semiconductors expanded, which resulted in operating profit and loss and the other items in the red. Both sales and prof
Slide 3: Sales and operating income by segment
For Solution Systems, sales was JPY68.9 billion, a decrease of JPY13.8 billion from the previous year. In addition to the decline in reaction to the major project in the previous fiscal year, which was announced in our previous financial results announcement, there was the impact of material procu
Slide 4: Impact of material procurement on operating income
First, I would like to talk about the impact on the material procurement. As shown in the lower part of waterfall chart, the Company as a whole faced a negative impact of about JPY3.0 billion. On the left side, for the changes in volume and product mix. JPY3.3 billion due to the decrease in volu
Slide 5: Overview of the Solution Systems business
Overview of the Solution Systems business. In addition to the fact that our original plan has more emphasis on Q4 of this fiscal year, the negative impact of the material procurement mentioned earlier is strongly reflected in the results of H1. However, there will be no major changes in the busi
Slide 6: Overview of the Components & Platforms business
Overview of the Components & Platforms business. In the Mono-zukuri Platforms business, sales to the FA and semiconductor manufacturing equipment markets continue to be strong. As for the Components business, sales of printer consumables in Europe and the United States have been strong, and the
Slide 7: Balance sheet
Balance sheet. There has been no significant change in the composition of each asset and liability. Fluctuations were caused by seasonality only. Total assets decreased by JPY22.8 billion from the end of the previous fiscal year to JPY350.4 billion. Shareholders' equity decreased by JPY8.8 b
Slide 8: Cash flow
Cash flow. Free cash flow was positive JPY2.4 billion. The situation has worsened compared to the previous year. This is due to the securing of parts as a countermeasure to the impact of the supply chain and an increase in inventory due to delayed shipments caused by a shortage of parts. The l
Slide 9: The full-year forecast
The full-year forecast. First, assuming that the impact of material procurement will continue in H2 of the fiscal year, we have conservatively factored in the impacts that can be assumed at this time and have left our full-year forecast unchanged at this time. As for Solution Systems, the Ente
Slide 10: Closing remarks on parts procurement and medium-term plan
The impact of parts procurement is not stable enough for us to declare when things will normalize. However, we will continue to focus on achieving the medium-term management plan as a whole, while controlling the impact by continuing and strengthening measures such as expansion of suppliers, produ
Slide 11: (Reference) Quarterly Results
ORB oer ricuns (Reference) Quarterly Results FY2021/3 FY2022/3 Net Sales 1Q 2Q 3Q 4Q FY 1Q 2Q Solution Systems 39.6| 43.1] 446] 63.5] 190.8} 33.9] 35.0 Components & Platforms 416] 48.9] 486] 624] 2015] 45.9) 448 Others 0.2 0.1 0.2 0.1 0.6 0.1 0.1 Total 81.4} 92.1} 93.4] 126.0] 392.9} 79.9] 79.9 Oper
Slide 12: Notice
OR 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 13: ORB oer ricuns
ORB oer ricuns © Copwright 2024 Oki Electric Industry Co. Lid. 13
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