Furuno Electric Co., Ltd. · TSE:6814
Furuno Electric — Q3 FY2022 Earnings Presentation
14 slides from Furuno Electric's earnings presentation, Jan 16, 2023
Slide 1: Financial Results Briefing Materials
3rd Quarter of Fiscal Year 2022 (Ending February 28, 2023) Financial Results Briefing Materials January 16, 2023 FURUNO ELECTRIC CO., LTD. Cautions: This document is a translation of the Japanese original, which is authoritative. The information listed in these materials regarding the Company’s fore
Slide 2: Summary of 3rd Quarter of FY 2022
Summary of 3rd Quarter of FY 2022 ◆ Net Sales: Increase ➢ Increase in overseas sales, especially Europe, for Marine Business helped by a weak yen, despite sales opportunities loss with production delays ◆ Gross Profit: Increase ➢ Increase in gross profit with increase in sales for Marine Business, d
Slide 3: Consolidated Income Statement
Consolidated Income Statement Increase in SG&A expenses with continuous investments for future growth FY 2021 FY 2022 Year-over-Year Year-over-Year (Unit: Millions of yen) rd rd Impact Amount* 3 Quarter 3 Quarter (amount) (ratio) Net sales 62,613 64,979 +2,366 +3.8% +500 Gross profit 24,057 25,252 +
Slide 4: Analysis of Increase/Decrease in Net Sales
Analysis of Increase/Decrease in Net Sales Addition of consolidated subsidiaries and overseas sales increase in Marine Business 660 (Unit: 100 Millions of Yen) Other Business Industrial +0.5 Business 650 +0.5 640 Europe Wireless Asia +6.1 LAN Systems Other -3.2 Japan Americas +4.7 Regions 630 -1.3 +
Slide 5: Analysis of Increase/Decrease in Gross Profit on Sales
Analysis of Increase/Decrease in Gross Profit on Sales Increase in components prices but increase in overseas sales, etc. in Marine Business 270 (Unit: 100 Millions of Yen) Marine Wireless LAN Systems Overseas Sales Sales Increase. 260 +2.0 Marine Increase, etc. Components +32.5 250 Prices Increase,
Slide 6: Factors Increasing SG&A Expenses
Factors Increasing SG&A Expenses Continue to accelerate investments for future growth (Unit: 100 Millions of Yen) Increase in personnel to strengthen service and R&D, etc. +8.4 Consolidated addition of subsidiaries for overseas R&D +6.6 Increase in promotion expenses (exhibitions in new fields, etc.
Slide 7: Overview of Marine Business
Overview of Marine Business “100M” stands for 100 Million Marine Business Consolidated Sales Change in accounting standard (by Region) Marine Business: Sales: +1.0, Profit: +1.3 (100M yen) (Unit: 100 Millions of Yen) Net Sales 541 100M yen (+3.5% year-over-year) 600 日本 ■Americas 米州 欧州 ■Japan ■Europe
Slide 8: Overview of Industrial Business
Overview of Industrial Business “100M” stands for 100 Million Industrial Business Consolidated Sales Change in accounting standard (by Product) Industrial Business: Sales: +4.0, Profit: -0.5 (100M yen) (Unit: 100 Millions of Yen) 160 Net Sales 76 100M yen (+0.7% year-over-year) ■OEM, ETC, etc. ■Heal
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet (Unit: Millions of yen) FY 2021 FY FY 2022 3Q Current assets 62,010 79,104 (Cash and deposits) (14,350) (15,815) (Inventories) (27,693) (38,884) Fixed assets 23,963 24,211 (Tangible fixed assets) (13,400) (13,773) (Intangible fixed assets) (4,276) (4,061) (Investments and
Slide 10: Appendix: FURUNO's Business Outline
Appendix: FURUNO’s Business Outline FURUNO ELECTRIC CO., LTD. All Rights Reserved. 10
Slide 11: Corporate Outline
Appendix: Corporate Outline Since commercializing the world's first Fish Finder in 1948, FURUNO has supplied many types of products for the marine electronics market. By using its exclusive knowledge of ultrasonic and electronics technologies, FURUNO has developed a wide array of products that have
Slide 12: FURUNO's Business Fields
Appendix: FURUNO’s Business Fields Automatic GPS/GNSS Identification Disciplined GPS/GNSS System (AIS) Oscillator Displacement Continuous Remote Monitoring Satellite System Communications Meteorological Equipment Monitoring and Analyzing System Wireless LAN Radar Access Point Voyage Data GPS/GNSS Re
Slide 13: FURUNO's Marine Business
Appendix: FURUNO’s Marine Business For Merchant Vessels ECDIS (Electronic Chart Display Satellite Communications Radar and Information System) Equipment For Fishing Vessels Sonar Fish Finder Current Indicator Radiotelephone For Pleasure Boats GPS/WAAS Radar Multi-Function Display Chart Plotter Autop
Slide 14: FURUNO's Industrial Business
Appendix: FURUNO’s Industrial Business OEM, ETC, etc. ETC2.0 / ETC * ETC, Vehicle GPS / GNSS Management Solution* Chips & Modules Healthcare Clinical Chemistry Analyzer & Reagent Ultrasound Bone Densitometer Wireless LAN Systems Wireless LAN Access Point* Wireless Handheld Terminal* FURUNO ELECTRIC