Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — FY2019/3 Earnings Presentation
17 slides from Oki Electric Industry's earnings presentation, May 9, 2019
Slide 1: Financial Results for the FY Ended March 31, 2019
Financial Results for the FY Ended March 31, 2019 May 9, 2019 Oki Electric Industry Co., Ltd. © Copyright 2019 Oki Electric Industry Co., Ltd. 1
Slide 2: Contents
Contents I. Financial Results for the FY Ended March 31, 2019 1. Review of Business Performance 2. Summary of Financial Results 3. Segment Information (Net Sales) 4. Segment Information (Operating Income) 5. Reasons for Changes in Operating Income 6. Balance Sheets 7. Cash Flows II. Projections for
Slide 3: Review of Business Performance
Review of Business Performance Achievements - ICT: Expanded sales by launching business platforms as accelerating IoT for social infrastructure - Mechatronics Systems: Achieved surplus by conducting structural reforms - Printers: Stable performance under the improved profitability - EMS: Maintaine
Slide 4: Summary of Financial Results
Summary of Financial Results Net sales, operating income, and ordinary income increased from the previous fiscal year as well as from our projections. Profit attributable to owners of parent also increased from the previous fiscal year as well as from our projections, even though the extraordinary l
Slide 5: Segment Information (Net Sales)
Segment Information (Net Sales) ICT: Increased year on year upon the growing sales for some government agencies besides the social infrastructure-related and telecom careers Mechatronics Systems: Decreased year on year, due to the difference in consolidating period of the Brazilian subsidiary, and t
Slide 6: Segment Information (Operating Income)
Segment Information (Operating Income) ICT: Increased year on year, due to the difference in project mix besides the sales increase. Exceeded our projection with the improvement of profitability in some projects as well as outflow cost reduction. Mechatronics Systems: Achieved surplus by conducting
Slide 7: Reasons for Changes in Operating Income
Reasons for Changes in Operating Income Operating income drastically improved due to the changes in product mix in addition to the improvement in cost structure, such as reduction of fixed costs. (Billion yen) +3.5 Changes in +1.0 fixed costs, etc. Impact of +3.5 currency 17.5 ±0.0 exchange Changes
Slide 8: Balance Sheets
Balance Sheets Total assets slightly decreased, since cash reserves were allotted for increased working capital upon the sales increase and reduction of interest- bearing debts. Shareholders’ equity ratio remained unchanged. (Billion yen) Mar. 2019 Mar. 2018 Variance Current assets 223.2 224.7 (1.5)
Slide 9: Cash Flows
Cash Flows Free cash flows amounted to a net outflow of 5.7 B yen. Cash reserves were allotted for working capital and investment increases. FY2019/3 FY2018/3 Variance (Billion yen) I Cash flows from operating activities 6.4 15.6 (9.2) II Cash flows from investing activities (12.1) (10.5) (1.6) Free
Slide 10: Projections for the FY Ending March 31, 2020
I. Financial Results for the FY Ended March 31, 2019 1. Review of Business Performance 2. Summary of Financial Results 3. Segment Information (Net Sales) 4. Segment Information (Operating Income) 5. Reasons for Changes in Operating Income 6. Balance Sheets 7. Cash Flows II. Projections for the FY En
Slide 11: Profit and Loss Projections
Profit and Loss Projections Expects stable net sales increase. Aims to improve operating margin even with continuous investments for growth. Profit attributable to owners of parent seems to increase drastically without the extraordinary loss occurred in the previous fiscal year. Annual dividend plan
Slide 12: Segment Information
Segment Information ICT: Seek sales growth focusing on social infrastructure domain. Maintain investment phase for future growth. Mechatronics systems: Build up lean business structure as expanding recurring revenue business Printers: Improve product mix as proceeding cultivation of industry printin
Slide 13: Reasons for Changes in Operating Income
Reasons for Changes in Operating Income Operating income is expected to increase due to the volume increase and improvement in product mix even with increase in investment for growth. (Billion yen) ±0.0 ±0.0 Changes in Changes Reduction in (2.0) fixed costs, etc. in price production and +4.5 procure
Slide 14: Free Cash Flow Projections
Free Cash Flow Projections Improve cash flows from operating activities due to the decrease in business structure improvement expenses and continue investments for growth Generate stable free cash flows FY2020/3 FY2019/3 Projections Results Variance (Billion yen) I Cash flows from operating activiti
Slide 15: Capital Expenditure and R&D Expense Projections
Capital Expenditure and R&D Expense Projections PP&E and Intangible Assets (Billion yen) R&D Expenses [Capital Expenditure] 20.0 10.7 11.5 14.2 [Depreciation] 11.6 12.0 © Copyright 2019 Oki Electric Industry Co., Ltd. 15
Slide 16: 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 17: © Copyright 2019 Oki Electric Industry Co., Ltd.
© Copyright 2019 Oki Electric Industry Co., Ltd. 17
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