Umc Electronics Co., Ltd. · TSE:6615
Umc Electronics — Q2 FY2024 Earnings Presentation
14 slides from Umc Electronics's earnings presentation, November 2023
Slide 1: FY2024 2nd Quarter Financial Results Briefing Materials
UMC Electronics Co., Ltd. FY2024 2nd Quarter Financial Results Briefing Materials November 2023 Securities Code: 6615 Note: This document has been translated from the Japanese original document for reference purposes only. The original Japanese document shall prevail in the event of any discrepancy
Slide 2: I. Financial Results Overview
I. Financial Results Overview Copyright©2023 UMC Electronics, All Rights Reserved. 1
Slide 3: FY2024: Financial Summary of Second Quarter / Earnings FY Forecast
FY2024: Financial Summary of Second Quarter / Earnings FY Forecast (Million yen) FY2023 2nd Quarter FY2024 2nd Quarter Change Change FY2024 Forecast (Apr 2022 - Sep 2022) (Apr 2023 - Sep 2023) (Amount) (%) (Apr 2023 - Mar 2024) Net sales 81,209 66,808 (14,400) (17.7) 131,000 Operating profit 1,246 5
Slide 4: FY2024 2nd Quarter: Financial Report Points (1)
FY2024 2nd Quarter: Financial Report Points (1) Overview • The economic situation in the manufacturing industry is picking up due to the elimination of consumption restrictions due to the restrictions on activities caused by the corona disaster, the recovery of private consumption due to the recover
Slide 5: FY2024 2nd Quarter: Financial Report Points (2)
FY2024 2nd Quarter: Financial Report Points (2) Operating Profit • Although there are improvement effects such as company-wide loss reduction, profit decrease due to the decrease in sales and the accompanying deterioration in the manufacturing cost ratio. • Soaring energy and material prices, and th
Slide 6: Operating Profit Contributing Factors
Operating Profit Contributing Factors (Million yen) 1,400 1,246 1,200 -901 1,000 800 600 -89 543 +287 Production preparation 400 cost Sales Improvement decrease / Effect 200 Changes in Model Composition 0 FY2023 FY2024 2Q Result 2Q Result Copyright©2023 UMC Electronics, All Rights Reserved. 5
Slide 7: Sales by Product (vs Same Period of Previous Year)
Sales by Product (vs Same Period of Previous Year) (Million yen) FY2023 2Q FY2024 2Q Change Change (Apr 2022-Sep 2022) (Apr 2023-Sep 2023) (Amount) (%) Automotive Equipment 43,566 37,085 (6,480) (14.9) OA Equipment 22,582 16,012 (6,570) (29.1) Industrial Equipment 14,126 13,004 (1,122) (7.9) Others
Slide 8: Sales by Product (Past Five Years)
Sales by Product（Past Five Years） (Million yen) Automotive Eq. OA Eq. Industrial Eq. Others (*) 100,000 81,209 80,000 71,500 66,268 66,808 64,215 60,000 43,566 32,101 31,718 40,286 37,085 40,000 14,346 12,860 22,582 20,000 16,012 14,305 18,609 16,575 10,123 14,126 13,004 0 FY2020 2Q FY2021 2Q FY2022
Slide 9: II. Net Sales for Three Primary Segments
II. Net Sales for Three Primary Segments Copyright©2023 UMC Electronics, All Rights Reserved. 8
Slide 10: Sales: Automotive Equipment (Past Five Years)
Sales：Automotive Equipment (Past Five Years) Point • Although demand continues to increase due to the expansion of the electric vehicle market, production is declining due to the impact of tightness in electronic components for automotive applications. • Impact of net income on transactions with som
Slide 11: Overview: Automotive Equipment
Overview： Automotive Equipment ・ We are the industry's first EMS company (Electric Manufacturing Services）on important safety parts that require reliability of automobiles such as "running, turning, and stopping“, with plenty of experiences. ・ Electronic vehicle equipment is supplied through the pri
Slide 12: Sales: OA Equipment (Past Five Years)
Sales：OA Equipment (Past Five Years) Point • Decrease in transaction volume of products for MFP(*) and laser printers due to the reaction to increased production due to home-based demand, and the impact of high inventory levels in the market. (Million yen) 25,000 22,582 20,000 16,012 15,000 14,346 1
Slide 13: Sales: Industrial Equipment (Past Five Years)
Sales：Industrial Equipment (Past Five Years) Point • In addition to the normalization of production due to the elimination of the impact of lockdown in China, energy saving investment is also continuing, but sales decreased due to the slump in the Chinese market for control equipment products. (Mill
Slide 14: Disclaimer
Disclaimer ◼ This material is for informational purposes only and is not intended to solicit investment activities or recommend specific stocks. ◼ Some of the information we disclose may include future forecasts and perspectives. These statements are based upon our judgment and available information