Oki Electric Industry Company, Limited · TSE:6703

Oki Electric Industry — 1H FY2022/3 Earnings Presentation

13 slides from Oki Electric Industry's earnings presentation, Nov 11, 2021

1. Slide 1: Financial Results for 1H of the FY Ending March 31, 2022

   Financial Results for １H of the FY Ending March 31, 2022 November 11, 2021 Oki Electric Industry Co., Ltd. © Copyright 2021 Oki Electric Industry Co., Ltd. 1

2. Slide 2: Summary of Financial Results

   Summary of Financial Results  Material procurement impact such as semiconductors expanded.  Net sales decreased YOY in Solution Systems business.  Operating income decreased YOY due to decreased sales.  Extraordinary loss recorded on restructuring costs due to closure of printer plant in China.

3. Slide 3: Segment Information (Net Sales/ Operating Income)

   Segment Information (Net Sales/ Operating Income) (Billion yen) 1H 1H Net Sales FY2022/3 FY2021/3 Variance (Results) (Results) Solution Systems 68.9 82.7 (13.8) Components & Platforms 90.7 90.5 +0.2 Others 0.2 0.3 (0.1) Total 159.8 173.5 (13.7) 1H 1H Operating Income FY2022/3 FY2021/3 Variance (Resu

4. Slide 4: Reasons for Changes in Operating Income/Loss

   Reasons for Changes in Operating Income/Loss  Impacts on production and sales increased due to material procurement difficulties.  Changes in volume was negative due to large-scale projects for Solution Systems in the previous fiscal year, despite increases in FA/semiconductor manufacturing equipm

5. Slide 5: Overview: Solution Systems Business

   Overview: Solution Systems Business  Decreased sales and profit due to large projects in Public and Enterprise in the previous fiscal year, in addition to the impact of material procurement for Enterprise and DX Platforms. Business environment remains unchanged except for material procurement issue

6. Slide 6: Overview: Components & Platforms Business

   Overview: Components & Platforms Business  Mono-zukuri Platforms: strong demand for FA/semiconductor manufacturing equipment. Components: steady demand for printer consumables in Europe and the U.S. Gradually recovered from COVID-19 situation in overseas market in Automation Systems, although the s

7. Slide 7: 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 0.6 points. Sep 2021 Mar. 2021 Variance (Billion yen) Current assets 198.7 222.2 (23.5) Fixed assets 151.8 151.0 +0.8 Assets 350.4 373.2 (22.

8. Slide 8: Cash Flows

   Cash Flows  Operating cash flow worsened YOY due to an increase in working capital caused by supply chain impact. 1H 1H FY2022/3 FY2021/3 Variance (Billion yen) (Results) (Results) Ⅰ Cash flows from operating activities 9.9 16.6 (6.7) Ⅱ Cash flows from investing activities (7.5) (10.1) +2.6 Free ca

9. Slide 9: 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

10. Slide 10: Financial Forecasts

    Financial Forecasts ■Material procurement impact is expected to continue in the second half. The full-year forecast remains unchanged after conservatively factoring in the impact currently anticipated. ■Initiatives toward material procurement impact ・Production measures such as expansion of supplier

11. Slide 11: (Reference) Quarterly Results

    (Reference) Quarterly Results (Billion yen) FY2021/3 FY2022/3 Net Sales 1Q 2Q 3Q 4Q FY １Q 2Q Solution Systems 39.6 43.1 44.6 63.5 190.8 33.9 35.0 Components & 41.6 48.9 48.6 62.4 201.5 45.9 44.8 Platforms 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 Operating FY2021/

12. Slide 12: 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. •

13. Slide 13: © Copyright 2021 Oki Electric Industry Co., Ltd.

    © Copyright 2021 Oki Electric Industry Co., Ltd. 13

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