Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — FY2020 Earnings Presentation
13 slides from Oki Electric Industry's earnings presentation, May 10, 2021
Slide 1: Financial Results for the FY Ended March 31, 2021
Financial Results for the FY Ended March 31, 2021 May 10, 2021 Oki Electric Industry Co., Ltd. © Copyright 2024 Oki Electric industry Co.,Ltd. 1
Slide 2: Summary of financial results and first year of Medium-Term Business Plan 2022
First of all, I would like to summarize our financial results, which were generally in line with our expectations. Although the business environment has been tough in some areas, we believe that we have been able to recover by demonstrating OKI's comprehensive capabilities. Next, I would like to
Slide 3: Net sales, operating income and dividend for the year
Net sales totaled JPY392.9 billion, a decrease of JPY64.3 billion from the previous year. This was due to a combination of several factors, including a reactionary decline from large projects in the previous fiscal year, the impact of a change in the accounting standard for sales from the previo
Slide 4: Net sales by segment
Net sales of Solution Systems decreased JPY36.6 billion YoY to JPY192.5 billion. This is due to the aforementioned reactionary decline from the factors unique to the previous year. Despite the impact of COVID-19 on some customers, the results were generally in line with expectations as a result of
Slide 5: Operating income by segment
The Solution Systems segment posted an operating income of JPY16.3 billion, a decrease of JPY3.9 billion from the previous year. This was due to the aforementioned reactive decline in sales. Compared to the forecast, it was an increase of JPY1.3 billion. Components & Platforms reported an operat
Slide 6: Changes in operating income
The following is an image chart of changes in operating income in units of JPY0.5 billion. Overall, operating income decreased due to a decrease in the volume. Fixed costs decreased due in part to the effects of structural reforms. 6
Slide 7: Assets, liabilities and equity
There has been no significant change in the composition of each asset and liability. Total assets were JPY373.2 billion, almost unchanged from the end of the previous fiscal year, and shareholders' equity increased by JPY6.8 billion to JPY113.0 billion. As a result, the shareholders’ equity ra
Slide 8: Cash flow and cash equivalents
Free cash flow was a net inflow of JPY3.6 billion. We believe that cash equivalents of JPY41.8 billion are at a necessary and sufficient level. 8
Slide 9: Forecast for next fiscal year
The forecast figures are as shown in the table. We aim to achieve a steady increase in sales. While making necessary investments for growth, we will improve profit margins and bring closure to a series of structural reforms. As for the overall progress of the medium-term plan, there are some d
Slide 10: Forecast change in operating income
This is an image chart of the change in forecast operating income in units of JPY0.5 billion. Improvement is expected mainly due to the effects of structural reforms. 10
Slide 11: Capital investment, R&D and free cash flow forecast
Capital investment will increase due partly to the new building project in Honjo. R&D expenses for both Solution Systems and Components & Platforms will include increased investment for growth. Free cash flow is expected to be an outflow of JPY9.0 billion due to an increase in investment-relat
Slide 12: Notice
LOK) <- e 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 con
Slide 13: © Copyright 2024 Oki Electric industry Co.,Ltd.
© Copyright 2024 Oki Electric industry Co.,Ltd. 13 13