Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — 9M FY2022/3 Earnings Presentation
13 slides from Oki Electric Industry's earnings presentation, Feb 7, 2022
Slide 1: Financial Results for First Nine Months of the FY Ending March 31, 2022
Financial Results for First Nine Months of the FY Ending March 31, 2022 February 7, 2022 Oki Electric Industry Co., Ltd. © Copyright 2022 Oki Electric Industry Co., Ltd. 1
Slide 2: Summary of Financial Results
Summary of Financial Results Material procurement impact such as semiconductors increased more than expected. Net sales decreased YOY due to material procurement and decrease in large-scale projects. Operating income improved YOY upon a decrease in fixed expenses due to structural reforms and
Slide 3: Segment Information (Net Sales/ Operating Income)
Segment Information (Net Sales/ Operating Income) (Billion yen) 9 months 9 months Net Sales FY2022/3 FY2021/3 Variance Results Results Solution Systems 107.6 127.3 (19.7) Components & Platforms 138.5 139.1 (0.6) Others 0.3 0.5 (0.2) Total 246.4 266.9 (20.5) 9 months 9 months Operating Income FY2022/
Slide 4: Reasons for Changes in Operating Income/Loss
Reasons for Changes in Operating Income/Loss Although demand for FA/semiconductor manufacturing equipment remained firm, changes in volume was negative due to a decrease in Solution Systems. Impact of materials procurement was greater than expected. Price hike diluted procurement cost reductio
Slide 5: Overview: Solution Systems Business
Overview: Solution Systems Business Sales and profit decreased due to large-scale projects in Public Solutions and Enterprise Solutions in the previous fiscal year, the impact of material procurement mainly in Enterprise Solutions and DX Platforms, and a delay in timing of orders. 9 months DX do
Slide 6: Overview: Components & Platforms Business
Overview: Components & Platforms Business Components: sales decreased due to increased impact of materials procurement. Mono-zukuri Platforms: sales increased due to strong demand for FA/semiconductor manufacturing equipment. Profits improved due to the reduction of fixed costs resulting from
Slide 7: Balance Sheets
Balance Sheets There is no major change in the composition of each asset and liability. Total assets were reduced. Shareholders’ equity ratio decreased by 2.0 points. Dec. 2021 Mar. 2021 Variance (Billion yen) Current assets 205.0 222.2 (17.2) Fixed assets 157.2 151.0 +6.2 Assets 362.2 373.2 (11
Slide 8: Cash Flows
Cash Flows Operating cash flow worsened YOY due to an increase in working capital caused by the supply chain impact. Growth investments and upfront investments for the next fiscal year and beyond continue. 9 months 9 months FY2022/3 FY2021/3 Variance (Billion yen) Results Results Ⅰ Cash flows from
Slide 9: Revision of Financial Forecasts
Revision of Financial Forecasts In light of recent business trends, revise down forecasts announced on May 10, 2021. Exchange rate assumptions 4Q Previous USD ¥114 ¥105 EUR ¥129 ¥120 FY2022/3 FY2022/3 FY2021/3 Variance Variance (Billion yen) Revised Previous Results Solution Net sales 173.0 198.5
Slide 10: (Reference) Quarterly Results
(Reference) Quarterly Results (Billion yen) FY2021/3 FY2022/3 Net Sales 1Q 2Q 3Q 4Q FY １Q 2Q 3Q Solution Systems 39.6 43.1 44.6 63.5 190.8 33.9 35.0 38.7 Components & 41.6 48.9 48.6 62.4 201.5 45.9 44.8 47.8 Platforms Others 0.2 0.1 0.2 0.1 0.6 0.1 0.1 0.1 Total 81.4 92.1 93.4 126.0 392.9 79.9 79.9
Slide 11: (Reference) Major Products and Services
(Reference) Major Products and Services Solution Systems Components & Platforms Public Solutions Components • Roadways (ETC, VICS), air traffic control, • ATMs, cash handling equipment disaster preparedness, fire prevention • Bank branch terminals, ticket reservations • Business systems for cent
Slide 12: 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 13: © Copyright 2022 Oki Electric Industry Co., Ltd.
© Copyright 2022 Oki Electric Industry Co., Ltd. 13
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