Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q2 FY2021 Earnings Presentation
23 slides from Hirose Electric's earnings presentation, Nov 2, 2021
Slide 1: Business Results for the Second Quarter of FY2021
Hirose Electric Business Results for the Second Quarter of FY2021 Business Results for the Second Quarter of FY2021 November 2, 2021 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 (FY2021.1H)
HS Summary of the business results (FY2021.1H From April, 2021 to September, 2021) Hf In the first half of FY2021, the sales for general industrial, consumer and automotive grew. As a result, the sales of 1H increased by 29.7%, operating profit increased by 53.5% compared with the previous 1H and op
Slide 4: Changes in sales and operating profit (FY2020.1Q-FY2021.2Q)
HS Changes in sales and operating profit (FY2020.1Q-FY2021.2Q / Consolidated basis) mam Sales Operating profit -O-Operating profit ratio (Yen in hundred millions) 407.5 336.4 274.0 21.5% 20.8% 59.0 70.0 20.1Q 20.2Q 20.3Q 20.4Q 21.1Q 21.2Q
Slide 5: Business Results for FY2021.1H
Business Results for FY2021.1H Increase Increase FY2020.1H FY2021.1H / Decrease / Decrease Ratio (Yen in hundred millions) (FY ended Sep 30, 2020) (FY ended Sep 30, 2021) (YoY) (YoY) Sales 610.4 791.9 +181.5 29.7% COGS Ratio 57.6% 54.7% ‐2.9 SGA Ratio 23.8% 20.3% ‐3.5 Operating Profit 128.9 197.9 +6
Slide 6: Major Changes over 1H of FY2021
Major Changes over 1H of FY2021 HS (Yen in hundred millions) Sales 181.5 hundred million yen INCreased Non consolidated Hirose: +140.4 (610.4 > 791.9) Subsidiaries: +41.1 COGS Ratio 2.9pt Improved Depreciation Ratio: 10.8% > 8.5% (57.6% > 54.7%) Labor-cost Ratio: 7.0% 6.5% SGA Ratio 3.5pt Improved (
Slide 7: FY2021.1H YoY Variation Analysis
FY2021.1H YoY Variation Analysis (Yen in hundred millions) Operating Sales Profit (%) Profit before tax (%) FY2020.1H Actual 610.4 128.9 21.1% 128.9 21.1% Exchange rate 25.2 11.6 17.0 Depreciation cost increase ‐0.5 ‐0.5 Personnel expenses increase ‐19.0 ‐19.0 Increase in Packing and transportation
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet HS sjassy Account Mar 31, 2021 Cash and cash 578.4 equivalents Trade and other receivables 366.2 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 Se
Slide 9: Consolidated Balance Sheet
HS Consolidated Balance Sheet (Yen in hundred millions) Account Mar 31, 2021 | SSE OReya Decrene / Remark ecrease : Payables and other debt 195.1 c : Lease liabilities 44.0 a —-] Decreased due to corporate tax payment in = Income Taxes Payable 65.3 Japan Oo : oo : 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™iDepreciation (Yen in hundred millions) -O-Capital Investment Ratio -O-Depreciation Ratio (%) 186 160 160 FY2018 FY2019 FY2020 FY2021 Forecast FY2021.1H (*Excluded: Investment in land, building, software) 10
Slide 11: Overseas production and sales ratio
Overseas production and sales ratio 76% 9 71% 72% 74% -O. 3% o— o— _ +} 48% i} 43% 42% 46% —O— 46% oO oF ~O- Overseas Sales Ratio -O- Overseas Production Ratio FY2017 FY2018 FY2019 FY2020 FY2021.1H 11
Slide 12: Number of Employees (Financial Report Basis)
Number of Employees ( Financial Report Basis ) (Number of employees) | Overseas im Domestic ——_—_—_> —————> +128 +18 _ > ———> -6 +19 Mar, 2018 Mar, 2019 Mar, 2020 Mar, 2021 Sep, 2021
Slide 13: Distribution of Shareholders
Distribution of Shareholders 12.92% Mar, 2018 Sep, 2021 Treasury Stocks © Individual and Others ™ Foreign Corporation ™ Other Corporation © Securities Firm © Financial Institution 13
Slide 14: Sales by Application_General Industrial
HS Sales by Application_General Industrial (Yen in hundred millions) FY2021.1H / 198 131 134 265 Sales 103 95 +34% @ FY2021.1H Composition ratio @ Changes in quarterly sales 131 134 109 ~ 103 gs 97 . 1Q 20 3Q 4Q 1Q 2Q FY2020 FY2021 H Overall sales for general industrial have been strong because of t
Slide 15: Sales by Application_Smartphone
HS Sales by Application_Smartphone (Yen in hundred millions) FY2021.1H / 1 Sales 57 89 146 72 86 158 +8% @ FY2021.1H Composition ratio @ Changes in quarterly sales 100 89 86 71 72 57 21% 1Q 2Q 3Q 4Q 1Q 2Q FY2020 FY2021 @ The sales for smartphone in Q2 have been strong due to seasonal demand as usual
Slide 16: Sales by Application_Automotive/Mobility-related
HS Sales by Application_Automotive/Mobility-related (Yen in hundred millions) FY2021.1H / 91 73 70 143 Sales 39 52 +57% @ FY2021.1H Composition ratio @ Changes in quarterly sales 75 -72~*STB:Sst GQ 52 39 1Q 2Q 3Q 4Q 1Q 2Q FY2020 FY2021 @ The sales for automotive remain at a high level steadily 16
Slide 17: Sales by Application_Consumer/Mobile Equipment
HS Sales by Application_Consumer/Mobile Equipment (Yen in hundred millions) FY2020 FY2021.1H / 1Q 2Q > FY2020.1H Sales 51 72 123 +30% @ FY2021.1H Composition ratio @ Changes in quarterly sales 5 85 72 72 68 51 1Q 2Q 3Q 4Q 1Q 2Q FY2020 FY2021 @ The demand for personal and small consumer equipment con
Slide 18: Sales by Application_Telecommunications infrastructure equipment / OA equipment
HS Sales by Application_Telecommunications infrastructure equipment / OA equipment (Yen in hundred millions) FY2020 FY2021 FY2021.1H Telecommunications infrastructure 11 13 24 15 15 30 +25% equipment OA (Office Automation) °, On Office 5 5 10 6 6 12 +20% @ FY2021.1H Composition ratio @ Changes in qu
Slide 19: Annual sales forecast by applications [Updated]
HS Annual sales forecast by applications [Updated] (Yen in hundred millions) and ea —_ ad 435 485 FY20 Forecast Forecast FY21 FY20 Forecast Forecast FY21 FY20 Forecast Forecast FY21 FY20 Forecast Forecast FY21 Actual May Aug Forecast Actual May Aug Forecast Actual May Aug Forecast Actual May Aug For
Slide 20: 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, automotive and consumer is expected to exceed our previous estimates, and revise the forecast published on July, 2021. First Half Over the For the Year Over the FY2020 (FY ended March 31, FY2021
Slide 21: Appendix
Appendix
Slide 22: Sales by Applications round number (quarterly basis)
HS Sales by Applications round number (quarterly basis) (Yen in hundred millions) FY2020 FY2021 Composition ratio by application 1Q 2Q 3Q 4Q General Industrial 103 95 97 109 Smartphone 57 89 100 71 Automotive / Mobility-related 39 52 75 72 Consumer / Mobile Device 51 72 72 68 Telecommunications 11 1
Slide 23: Hirose Electric Co., Ltd.
HIROSE ELECTRIC Co.,LTD.