Furuno Electric Co., Ltd. · TSE:6814
Furuno Electric — Q1 FY2024 Earnings Presentation
22 slides from Furuno Electric's earnings presentation, Jul 16, 2024
Slide 1: Financial Results Briefing Materials
1st Quarter of Fiscal Year 2024 (Ending February 28, 2025) Financial Results Briefing Materials July 16, 2024 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 forecas
Slide 2: Summary of 1st Quarter of FY 2024
Summary of 1st Quarter of FY 2024 ◆Net Sales: Increase ➢ Increase in sales for Marine Business, Industrial Business and Wireless LAN Systems ➢ Increase in sales in Japan, Europe and Asia for Marine Business under the continued strong demand circumstance ➢ Impact of foreign exchange contributes to sa
Slide 3: Consolidated Income Statement
Consolidated Income Statement Increase in Sales and Profits. Especially, significant increase in Operating and Ordinary Profits FY 2023 FY 2024 Year-over-Year Year-over-Year (Unit: Millions of yen) st st 1 Quarter 1 Quarter (amount) (ratio) Net Sales 23,852 28,196 +4,343 +18.2% Gross Profit 9,970 11
Slide 4: Analysis of Increase/Decrease in Net Sales
Analysis of Increase/Decrease in Net Sales Increase in Sales in Japan, Europe and Asia for Marine business, mainly in merchant vessels Increase in sales for Industrial Business in Defense Equipment 320 (Unit: 100 Millions of Yen) 310 Marine Business +38.3 Wireless LAN 300 Foreign Industrial Exchange
Slide 5: Analysis of Increase/Decrease in Gross Profit
Analysis of Increase/Decrease in Gross Profit Increase in Profit due to Sales increase, despite increase in components price and decrease in operation rate due to easing of increased production (Unit: 100 Millions of Yen) 180 Wireless Foreign Industrial LAN Exchange Business 150 Systems Sales Increa
Slide 6: Analysis of Increase/Decrease in Operating Profit
Analysis of Increase/Decrease in Operating Profit Increase in Profit due to Gross Profit increase, despite increase in personnel expenses with salary revision 60 (Unit: 100 Millions of Yen) Wireless Industrial LAN 50 Marine Systems Business Business Gross Profit Gross Profit Gross Profit Decrease De
Slide 7: Overview of Marine Business
Overview of Marine Business “100M” stands for 100 Million Marine Business Consolidated Sales (by Region) Marine Business (Unit: 100 Millions of Yen) Net Sales 242 100M yen (+18.8% year-over-year) ■Japan ■Americas ■Europe ■Asia ■Other 250 Segment Profit 27.4 100M yen (+8.7 100M yen) 15 ⚫ Continued st
Slide 8: Overview of Industrial Business
Overview of Industrial Business “100M” stands for 100 Million Industrial Business Consolidated Sales (by Product) Industrial Business (Unit: 100 Millions of Yen) Net Sales 32 100M yen (+17.1% year-over-year) ■ITS・GNSS ■Healthcare Segment Profit 0.6 100M yen (+2.0 100M yen) 50 ■Defense Equipment ■Wir
Slide 9: Forecast for FY 2024: Upward Revision
Forecast for FY 2024: Upward Revision Upward revision for Marine Business due to revision of assumed exchange rates (Unit: Millions of yen) FY 2023 FY 2024 FY 2024 Results Previous Forecast Revised Forecast Net Sales 114,850 110,000 117,000 Operating Profit 6,519 5,500 6,500 (Sales ratio) (5.7%) (5.
Slide 10: Appendix: Consolidated Balance Sheet
Appendix: Consolidated Balance Sheet (Unit: Millions of yen) Full Year FY 2023 1st Quarter FY 2024 Current assets 86,285 85,688 (Cash and deposits) (11,786) (9,021) (Inventories) (46,088) (48,761) Fixed assets 28,085 27,988 (Tangible fixed assets) (14,751) (14,797) (Intangible fixed assets) (4,902)
Slide 11: Topics
Topics FURUNO ELECTRIC CO., LTD. All Rights Reserved. 11
Slide 12: Received two stars in the Eruboshi Certification
Topics Received two stars in the “Eruboshi” Certification FURUNO has been certified the second level (two stars) in the “Eruboshi” Certification, a system established by the Ministry of Health, Labor and Welfare, to recognize companies that are actively engaged in promoting women’s participation and
Slide 13: Sea to the Future Project
Topics “Sea to the Future” Project FURUNO communicates attractive activities and problem of sea with children as a company which has been growing in marine market for a long time. Original illustration panel exhibition Environmental learning event held at Delivering fresh and delicious fish to and w
Slide 14: 100-year Corporate Vision: Ocean Gift for All
Topics 100-year Corporate Vision: Ocean Gift for All FURUNO will celebrate its 100th anniversary in 2048. As a long-term policy, FURUNO has set a 100-year Corporate Vision: Ocean Gift for All and has identified important themes that it can contribute to in the future society ‘Ocean 5.0’ as of 2050.
Slide 15: HermAce approved by LiMA for remote VDR APT
Topics FURUNO has received approval from LiMA to use HermAce as a tool for remote VDR APT HermAce, which was developed by FURUNO, uses a Digital Twin (a virtual replica) of bridge equipment based on data streamed directly from the vessel that offers live identification and diagnosis of problems. Eac
Slide 16: New application for AI fish weight estimation system
Topics New application for AI fish weight estimation system FURUNO has developed a new application Aqua Scope, which integrates and displays necessary data to support fish farming operations. AI fish weight estimation system can grasp the growth of fish by data from AI fish weight estimation camera
Slide 17: Certified as Health and Productivity Management Organization (White 500)
Topics Certified for 6 consecutive years as a Health and Productivity Management Organization (White 500) The Excellent Corporation for Health Management System is a system to recognize large corporations, small and medium-sized companies, and other corporations that practice particularly excellent
Slide 18: FURUNO's Business Outline
FURUNO’s Business Outline FURUNO ELECTRIC CO., LTD. All Rights Reserved. 18
Slide 19: Appendix: 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 20: Appendix: 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 21: Appendix: 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 22: Appendix: FURUNO's Industrial Business
Appendix: FURUNO’s Industrial Business ITS・GNSS 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 CO., L