Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q3 FY2021 Earnings Presentation
21 slides from Hirose Electric's earnings presentation, Feb 3, 2022
Slide 1: Business Results for the Third Quarter of FY2021
Hirose Electric Business Results for the Third Quarter of FY2021 Business Results for the Third Quarter of FY2021 February 3, 2022 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-3Q)
HS Summary of the business results (FY2021.1Q-3Q From April, 2021 to December, 2021) @ In the third quarter of FY2021, the sales mainly for general industrial and smartphone grew. As a result, the sales of cumulative 3Q increased by 23.9%, operating profit increased by 46.0% compared with the same p
Slide 4: Changes in sales and operating profit (FY2020.1Q-FY2021.3Q)
HS Changes in sales and operating profit (FY2020.1Q-FY2021.3Q / Consolidated basis) Ml Sales Operating profit -O-Operating profit ratio (Yen in hundred millions) 428.2 20.1Q 20.2Q 20.3Q 20.4Q 21.1Q 21.2Q 21.3Q
Slide 5: Business Results for FY2021.1Q-3Q
Business Results for FY2021.1Q‐3Q Increase Increase FY2020.1Q‐3Q FY2021.1Q‐3Q / Decrease / Decrease Ratio (Yen in hundred millions) (FY ended Dec 31, 2020) (FY ended Dec 31, 2021) (YoY) (YoY) Sales 984.8 1,220.0 +235.2 23.9% COGS Ratio 57.5% 54.1% ‐3.4% SGA Ratio 22.5% 20.4% ‐2.1% Operating Profit 2
Slide 6: Major Changes over cumulative 3Q of FY2021
HS Major Changes over cumulative 3Q of FY2021 (Yen in hundred millions) Sales 235.2 hundred million yen INCreased Non consolidated Hirose: +193.8 (984.8 > 1,220.0) Subsidiaries: +41.4 COGS Ratio Variable Expense Ratio: 40.5% > 39.6% 3.4pt Improved Depreciation Ratio: 10.0% 8.1% (57.5% > 54.1%) Labor
Slide 7: FY2021.1Q-3Q YoY Variation Analysis
FY2021.1Q‐3Q YoY Variation Analysis (Yen in hundred millions) Operating Sales Profit (%) Profit before tax (%) FY2020.1Q‐3Q Actual 984.8 212.4 21.6% 208.1 21.1% Exchange rate 45.6 21.9 36.0 Depreciation cost increase 1.6 1.6 Personnel expenses increase ‐31.0 ‐31.0 Increase in Packing and transportat
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet HS sjassy Account Mar 31, 2021 Cash and cash 578.4 equivalents Trade and other 366.2 receivables Inventories 169.2 Other financial 1,801.9 assets Property, plant and equipment 611.8 Right-of-use assets 43.6 Others 134.0 Total Assets 3,705.0 Total of cash in bank 1,776.7 De
Slide 9: Consolidated Balance Sheet
HS Consolidated Balance Sheet (Yen in hundred millions) I Account Mar 31, 2021 | pEaesmploya oe Remark ecrease : Payables and other debt 195.1 c : Lease liabilities 44.0 a 2. : Income Taxes Payable 65. 3 pecteased due to corporate tax payment in a: apan © : F wos : Increase in provisions for bonuses
Slide 10: Changes in Capital Investment and Depreciation (Consolidated)
HS Changes in Capital Investment and Depreciation (Consolidated) ' Capital Investment M@mDepreciation (Yen in hundred millions) ~O-Capital Investment Ratio ~O-Depreciation Ratio (%) 186 168 160 150 pac 112 | | | i | 9.9% = i i i T T FY2018 FY2019 FY2020 FY2021 Forecast FY2021.1Q-3Q (*Excluded: Inves
Slide 11: Overseas production and sales ratio
Overseas production and sales ratio 76% 9 71% 72% 74% -o— Pe o— “o— _ 9 48% 47% a -~O- Overseas Sales Ratio ~O- Overseas Production Ratio FY2017 FY2018 FY2019 FY2020 FY2021.1Q-3Q 11
Slide 12: Sales by Application_General Industrial
HS Sales by Application_General Industrial (Yen in hundred millions) FY2021.1Q-3Q / Sales 198 97 295 265 147 412 +38% @ FY2021.1Q-3Q Composition ratio @ Changes in quarterly sales 147 131 134 109 2 103 95 97 . 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2020 FY2021 H Overall sales for general industrial have been strong
Slide 13: Sales by Application_Smartphone
HS Sales by Application_Smartphone (Yen in hundred millions) FY2021.1Q-3Q/ Sales 146 100 246 158 93 251 +2% @ FY2021.1Q-3Q Composition ratio @ Changes in quarterly sales 100 89 a 71 72 57 21% 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2020 FY2021 @ The sales for smartphone have been strong mainly due to seasonal demand
Slide 14: Sales by Application_Automotive/Mobility-related
HS Sales by Application_Automotive/Mobility-related (Yen in hundred millions) FY2021.1Q-3Q / 143 72 215 H 3Q Sales 91 75 166 +30% @ FY2021.1Q-3Q Composition ratio @ Changes in quarterly sales 75 72 73 70 72 52 39 2Q 3Q 1Q 2Q 3Q 4Q 1Q FY2020 FY2021 @ The sales for automotive remain at a high level st
Slide 15: Sales by Application_Consumer/Mobile Equipment
HS Sales by Application_Consumer/Mobile Equipment (Yen in hundred millions) FY2021.1Q-3Q / > 3Q FY2020.1Q-3Q Sales 123 72 +24% @ FY2021.1Q-3Q Composition ratio @ Changes in quarterly sales 85 82 75 72 72 68 51 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2020 FY2021 @ The demand for personal and small consumer equipment
Slide 16: Sales by Application_Telecommunications infrastructure equipment / OA equipment
HS Sales by Application_Telecommunications infrastructure equipment / OA equipment (Yen in hundred millions) FY2020 FY2021 YoY Telecommunications infrastructure 24 13 37 30 17 47 +27% equipment OA (Office Automation) anne 10 5 15 12 6 18 +20% @ FY2021.1Q-3Q Composition ratio @ Changes in quarterly s
Slide 17: Annual sales forecast by applications [Updated]
HS Annual sales forecast by applications [Updated] ad ; : FY20 Forecast FY21 Actual Nov Forecast General Industrial Smartphone @ General Industrial FY20 Forecast FY21 Actual Nov @ Smartphone @ Automotive / Mobility-related @ Consumer / Mobile equipment Forecast (Yen in hundred millions) - ™ - » - FY
Slide 18: Business Forecast for the Year Ending March 31, 2022 (Consolidated)
Business Forecast for the Year Ending March 31, 2022 (Consolidated) The business for general industrial, smartphone and consumer is expected to exceed our previous estimates, and revise the forecast published on November, 2021. 1Q‐3Q Over the For the Year Over the FY2020 (FY ended March 31, FY2021 (
Slide 19: Appendix
Appendix
Slide 20: 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 2a 3a 4Q 1Q 2a application General Industrial 103 95 97 109 131 Smartphone 57 89 100 71 72 Automotive / Mobility-related 39 52 75 72 73 Consumer / Mobile Device S51 72 72 68 75 Tel
Slide 21: HIROSE ELECTRIC Co., LTD.
HIROSE ELECTRIC Co.,LTD.