Slide 1: Sumida Corporation Consolidated Performance Briefing
SUMIDA CORPORATION Consolidated Performance Briefing <FY2024 2Q ended June 30, 2024> August 1, 2024
Slide 2: 目次
目次 Page 1. Financial Results (FY2024 2Q ended June 30, 2024) 3 2. Financial Forecast 16 4. Appendices 21 Topics 22 Products / Business Summary 23 Supporting Data 27 Dividend Policy 32 [Note on translation] This is a translation of the original Japanese document and provided for informational purpose
Slide 3: Financial Results for the 2nd Quarter of FY2024
Financial Results for the 2nd Quarter of FY2024 Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 3
Slide 4: Revenue & Operating Profit
Revenue & Operating Profit （100 million JPY = Oku yen） -2.4% ⚫ Revenue decreased year-on-year, due to continued uncertainties over the global economy, customer inventory adjustments, etc. 376.6 377.1 367.3 367.5 363.1 ⚫ The main reasons for the year-on-year decrease in operating profit: ✓ Despite ef
Slide 5: Revenue by Market & by Region
Revenue by Market & by Region （100 million JPY = Oku yen） Automotive Asia (excl. China/Taiwan) China/Taiwan +9.0% 225.4 206.7 +12.3% 93.8 -14.8% 83.5 68.0 58.0 23.2Q 24.2Q Industrial 23.2Q 24/2Q 23.2Q 24.2Q 110.5 -19.９% 88.5 North America/Others Europe 23.2Q 24.2Q 157.1 -5.3% 148.8 67.8 -1.5% 66.8 C
Slide 6: Green Energy-related Revenue
Green Energy-related Revenue (million yen) FY2023 FY2024 YoY FY2023 FY2026 CAGR 2Q 3Q 4Q 1Q 2Q Actual Target (A) (B) (B/A) xEV – Automotive 4,411 5,061 5,271 4,857 5,059 14.7% 20,083 31,000 15.6% xEV – Industrial 2,755 1,877 2,272 2,621 2,876 4.4% 8,040 20,000 35.5% (Quick charger for xEV, etc.) Ot
Slide 7: Outlook for FY2024
Outlook for FY2024 Comparison with 2Q Action Items ⚫ The overall market environment would remain ⚫ Further reduce factory overhead costs challenging. ⚫ Keep conducting short-time work in EU ⚫ Automotive and industrial markets: demands ⚫ Accelerate launch of mass production of would remain at the sam
Slide 8: Consolidated P/L for FY2024.2Q
Consolidated P/L for FY2024.2Q (million yen) FY2023 FY2024 YoY QoQ 2Q 1Q 2Q (A) (B) (C) (C/A) (C/B) Revenue 37,662 36,313 36,752 -2.4％ 1.2％ Operating Profit 2,979 1,194 1,138 -61.8％ -4.6％ OP % 7.9％ 3.3％ 3.1％ Profit before income taxes 2,419 464 268 -88.9％ -42.3％ Profit Attributable to Owners of Pare
Slide 9: Operating Profit Bridge Analysis - 2024.1Q vs 2023.4Q
Operating Profit Bridge Analysis - 2024.1Q vs 2023.4Q - EU (million yen) Decrease in Short-time Material Csst work Ex-rate 133 120 Impact FY2024.2Q One-off Item 276 Operating Profit 2,979 Efficiency 278 FY2023.2Q Gains on Liquidation of subsidiaries 385 Revenue Decrease -1,458 Increase in FY2024.2Q
Slide 10: Operating Profit Bridge Analysis - 2024.2Q vs 2024.1Q
Operating Profit Bridge Analysis - 2024.2Q vs 2024.1Q - (million yen) EU Ex-rate Efficiency Short-time Impact 39 work 83 Decrease in 120 Wage 363 Decrease in fixed costs due to higher capacity utilization rates 474 Revenue Decrease -681 FY2024.1Q Operating Profit FY2024.2Q 1,194 Increase in Operatin
Slide 11: Quarterly Revenue/Operating Profit
Quarterly Revenue/Operating Profit Revenue (million yen) 1Q 2Q 3Q 4Q 40,000 40,000 40,000 40,000 30,000 30,000 30,000 30,000 20,000 20,000 20,000 20,000 10,000 10,000 10,000 10,000 0 0 0 0 19 20 21 22 23 24 19 20 21 22 23 24 19 20 21 22 23 24 19 20 21 22 23 24 Operating Profit 1Q 2Q 3Q 4Q 4,000 4,00
Slide 12: Consolidated P/L for FY2024.1st Half
Consolidated P/L for FY2024.1st Half (million yen) FY2023 FY2024 YoY 1st Half 1st Half Revenue 73,215 73,066 -0.2％ Operating Profit 5,238 2,332 -55.5％ OP % 7.2％ 3.2％ Profit before income taxes 4,043 733 -81.9％ Profit Attributable to Owners of Parent 3,278 486 -85.2％ EPS (yen) 117.84 14.85 Exchange R
Slide 13: Operating Profit Bridge Analysis - FY2024.1st Half vs FY2023.1st Half
Operating Profit Bridge Analysis - FY2024.1st Half vs FY2023.1st Half - EU Decrease in Shot-time Ex-rate Material Cost work Impact 151 120 500 FY2023.1H One-off Item Efficiency Operating Profit 521 5,238 FY2023.2Q Gains on Liquidation Revenue of subsidiaries Decrease 385 -1,684 Increase in Manufactu
Slide 14: Consolidated Statements of Financial Position
Consolidated Statements of Financial Position (million yen) FY2023 FY2024 FY2023 FY2024 Change Change Dec. 31 Jun 31 Dec. 31 Jun 31 Current Assets 67,648 76,444 8,795 Current Liabilities 55,550 64,577 9,027 Cash & Cash Equivalents 3,107 5,156 2,048 Trade & Other Payables 15,036 15,384 348 Trade & Ot
Slide 15: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows (million yen) FY2023 FY2024 Change 1st Half 1st half Cash Flow from Operating Activities 8,751 5,324 -3,426 Profit before Taxes 4,043 733 -3,310 Depreciation and Amortization 4,385 5,446 1,061 Net Working Capital 2,806 -1,124 -3,930 Others -2,484 269 2,753 Cash f
Slide 16: Revision of FY2024 Financial Forecast
Revision of FY2024 Financial Forecast Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 16
Slide 17: FY2024 Full-Year Earnings Forecast Revision Background and Mid-term Business Plan Outlook
FY2024 Full-Year Earnings Forecast Revision Background and Mid-term Business Plan Outlook Revenue growth was expected at the time of the previous performance forecast. However, the expected growth is delayed due to changes in the business environment, leading to lower factory utilization. We are put
Slide 18: Revision of FY2024 Financial Forecast
Revision of FY2024 Financial Forecast (million yen) FY2023 FY2024 Change FY2026 Actual Previous Forecast Revised Forecast Target (A) (B) (C) (C/A) (C/B) Revenue 147,672 158,600 148,700 0.7% -6.2% 190,000 Operating Profit 8,564 9,500 6,000 -29.9% -36.8% 13,500 OP % 5.8% 6.0% 4.0% 7.1% Profit before i
Slide 19: Revision of FY2024 Financial Forecast Revenue (By Market Segment)
Revision of FY2024 Financial Forecast Revenue（By Market Segment） (million yen) FY2023 FY2024 Change FY2026 Actual Previous Revised Target Forecast Forecast (A) (B) (C) (C/A) (C/B) Automotive 86,865 95,500 97,100 11.8% 1.7% 114,300 Industrial 40,116 45,300 31,900 -20.5% -29.6% 54,300 Consumer 20,691
Slide 20: Trends of Dividend
Trends of Dividend Yen/Share Trends of Dividend 60.0 53.0 51.0 50.0 47.0 40.0 28.0 30.0 20.0 9.0 10.0 0.0 FY2020 FY2021 FY2022 FY2023 FY2024 1Q Yen/Share - 3.0 - - - Interim Yen/Share - 3.0 14.0 23.0 26.0 3Q Yen/Share - 11.0 - - - Year-end Yen/Share 9.0 11.0 33.0 28.0 Forecast 27.0 Total Yen/Share 9
Slide 21: Appendices
Appendices Reference Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 21
Slide 22: Company Briefing for Individual Investors held on June 11, 2024
Company Briefing for Individual Investors held on June 11, 2024. Some of the materials are provided on the following pages. Click here or click the QR code below for more information. INDEX 1. Our Business 2. Our History and Strengths 3. Our Growth Strategy Copyright© 2024 SUMIDA CORPORATION. All ri
Slide 23: Summary
SUMMARY 1. No.1 global company specializing in coils SUMMARY 2. Our strengths are “Application Development”, “Technological Capability”, and “Global Footprint.” 3. Connecting technology to people, focusing on “Decarbonization." Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 23
Slide 24: Copyright© 2024 SUMIDA CORPORATION. All rights reserved.
Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 24
Slide 25: Business Portfolio
Business Portfolio Consumer Automotive Electronics (CE) Wireless Charging LCD TVs Digital LED Lighting EV Wireless Charging Filter DC-DC converter System Still Cameras Quick Chargers For EV Modules for HVDC （Smart phones/Tablet PCs） Automotive Industrial CE Air-Conditioners Game Consoles Printers Ho
Slide 26: Copyright© 2024 SUMIDA CORPORATION. All rights reserved.
Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 26
Slide 27: Capex, Depreciation, R&D Expenses
Capex, Depreciation, R&D Expenses (million yen) FY2023.2Q FY24.2Q FY2024 Accumulate Accumulate Plan Capex 4,216 4,661 10,000 Depreciation 4,385 5,446 9,944 R&D expenses 2,482 2,820 5,868 Capex Depreciation R&D expenses 10,000 10,000 10,000 8,000 8,000 8,000 6,000 6,000 6,000 4,000 4,000 4,000 2,000
Slide 28: Quarterly Revenue by Business Segment
Quarterly Revenue by Business Segment (million yen) FY2023 FY2024 YoY QoQ 2Q 1Q 2Q (A) (B) (C) (C/A) (C/B) Asia Pacific business 23,035 21,264 22,880 -0.7％ 7.6％ Europe business 14,626 15,049 13,871 -5.2％ -7.8％ Total 37,662 36,313 36,752 -2.4％ 1.2％ Copyright© 2024 SUMIDA CORPORATION. All rights reser
Slide 29: Exchange Rate Sensitivity
Exchange Rate Sensitivity (million yen) （Reference） FY2024.2Q Currency Sensitivity for FY2024 Forecast*3 Exchange Rate*1 Fluctuation Operating profit *2 Expected Exchange Rate USD 154.80 1 yen (weak) 52 160.11 EUR 167.02 1 yen (weak) 8 171.38 CNY 21.33 0.1 yen (weak) -28 21.95 *1 Exchange Rate: Aver
Slide 30: Quarterly Revenue by Market
Quarterly Revenue by Market (million yen) Automotive Industrial Consumer Electronics 25,000 22,905 22,886 22,540 22,008 20,674 20,000 15,000 11,056 10,375 9,634 9,360 10,000 8,857 5,932 5,336 5,355 5,000 4,201 4,066 0 23.2Q 23.3Q 23.4Q 24.1Q 24.2Q 23.2Q 23.3Q 23.4Q 24.1Q 24.2Q 23.2Q 23.3Q 23.4Q 24.1
Slide 31: Quarterly Revenue by Destination
Quarterly Revenue by Destination (million yen) Japan/ Europe China/Taiwan Asia (excl. China/Taiwan) North America/Others 16,000 14,943 14,332 14,388 14,068 13,700 14,000 12,000 10,000 9,464 8,000 8,320 8,318 8,404 8,251 8,381 8,123 8,112 7,220 7,143 6,953 6,937 6,000 6,268 5,950 5,910 4,000 2,000 0
Slide 32: Dividend Policy
Dividend Policy Policy on Determination of Dividends of Surplus The Company’s basic policy for the return of profits to shareholders is to deliver dividends in consideration of a consolidated dividend payout ratio (30% or more) with top priority on the profit distribution through dividends. When it
Slide 33: Disclaimer Regarding Forward-Looking Statements
Disclaimer Regarding Forward-Looking Statements The statements contained in this document include forward-looking statements about the Company. These forward-looking statements are based on information currently available to the Company. Please note that actual results may differ from these forward-
Slide 34: Global | Speed | Focus Sumida
Global | Speed | Focus @®sumida