Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — 1H FY2023/3 Earnings Presentation
12 slides from Oki Electric Industry's earnings presentation, Nov 9, 2022
Slide 1: Financial Results for 1H of the FY Ending March 31, 2023
Financial Results for 1H of the FY Ending March 31, 2023 November 9, 2022 Oki Electric Industry Co., Ltd. © Copyright 2022 Oki Electric Industry Co., Ltd. 1
Slide 2: Summary of Financial Results
Summary of Financial Results Net sales increased YOY, despite the impact of lower production due to difficulties in procuring semiconductors and other components. Operating profit improved YOY due to higher sales and lower fixed costs, despite the impact of lower production and higher component
Slide 3: Segment Information (Net Sales/ Operating Income)
Segment Information (Net Sales/ Operating Income) (Billion yen) 1H 1H Net Sales FY2023/3 FY2022/3 Variance (Results) (Results) Solution Systems 74.5 68.9 +5.6 Components & Platforms 88.0 90.7 (2.7) Others 0.2 0.2 ±0.0 Total 162.8 159.8 +3.0 1H 1H Operating Income FY2023/3 FY2022/3 Variance (Results)
Slide 4: Reasons for Changes in Operating Income/Loss
Reasons for Changes in Operating Income/Loss The supply chain impact continued in Q2. We took steps to ensure that projects shifted from the previous year due to difficulties in procuring materials and prices were optimized. We are currently working to strengthen our response to supply chain impac
Slide 5: Overview: Solution Systems Business
Overview: Solution Systems Business Sales of Public Solutions and Enterprise Solutions increased, as projects shifted from the previous year due to difficulties in procuring materials. Operating income decreased due to the negative impact of foreign exchange in addition to the sharp rise in compon
Slide 6: Overview: Components & Platforms Business
Overview: Components & Platforms Business Sales of Mono-zukuri Platforms for FA/semiconductor manufacturing equipment continued to be strong. Sales of Components decreased due to the impact of semiconductor shortages on production in the Automation Systems business. Sales in the Peripheral Product
Slide 7: Balance Sheets
Balance Sheets Short-term borrowings increased due to an increase in working capital caused by the supply chain impact. Shareholders’ equity ratio decreased by 2.7 points. Sep. 2022 Mar. 2022 Variance (Billion yen) Current assets 217.4 211.8 +5.6 Fixed assets 159.8 157.3 +2.5 Assets 377.2 369.2
Slide 8: Cash Flows
Cash Flows Operating cash flow worsened YOY due to an increase in working capital caused by the supply chain impact. 1H 1H FY2023/3 FY2022/3 Variance (Billion yen) (Results) (Results) Ⅰ Cash flows from operating activities (12.3) 9.9 (22.2) Ⅱ Cash flows from investing activities (10.4) (7.5) (2.9)
Slide 9: (Reference) Quarterly Results
(Reference)Quarterly Results （Billion yen） Net Sales FY2022/3 FY2023/3 1Q 2Q 3Q 4Q FY １Q 2Q Solution Systems 33.9 35.0 38.7 55.0 162.6 36.1 38.4 Components & 45.9 44.8 47.8 50.5 189.0 41.9 46.1 Platforms Others 0.1 0.1 0.1 0.1 0.4 0.1 0.1 Total 79.9 79.9 86.6 105.7 352.1 78.1 84.6 Operating FY2022/3
Slide 10: (Reference) Major Products and Services
(Reference) Major Products and Services Solution Systems Components & Platforms Public Solutions Components • Roads (ETC, VICS), air traffic control, • ATMs, cash handling equipment disaster preparedness, fire prevention • Bank branch terminals, ticket reservations • Business systems for central
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 2022 Oki Electric Industry Co., Ltd.
© Copyright 2022 Oki Electric Industry Co., Ltd. 12
Oki Electric Industry — 1H FY2023/3 Earnings Presentation on 6ix