Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — 9M FY2020 Earnings Presentation
11 slides from Oki Electric Industry's earnings presentation, Feb 4, 2021
Slide 1: Financial Results for the First Nine Months of the FY Ending March 31, 2021
Financial Results for the First Nine Months of the FY Ending March 31, 2021 February 4, 2021 Oki Electric Industry Co., Ltd. ‘© Copyright 2021 Oki Electric Industry Co. Lid.
Slide 2: Overall business sentiment and summary
With regard to the overall business sentiment, excluding the effects of temporary factors such as the change in sales standards and large-scale projectsin the previous fiscal year, although the situation differs by segment, the financial results are generally in line with the initial plan. The c
Slide 3: Net sales and profit overview
Net sales decreased ¥61.0 billion to ¥266.9 billion. Sales decreased significantly from the previous fiscal year as a result of a combination of several factors, including a reactionary decline from large- scale projects in the previous fiscal year, the impact of a change in revenue recognition
Slide 4: Net sales by segment
Sales in the Solution Systems business fell ¥28.7 billion year on year to ¥128.6 billion. A reactionary decline from the previous fiscal year has been incorporated into the initial plan. Quarterly sales also growing, and we have been able to keep up with our plans. Sales in the Component & Platf
Slide 5: Operating income by segment
Operating income in the Solution Systems decreased ¥4.2 billion to ¥6.5 billion. Although operating income decreased due to a reactionary decline in sales, it improved steadily each quarter, slightly exceeding the initial plan. The Components & Platform business recorded an operating loss of ¥4.
Slide 6: Operating income change analysis
The image chart shows the changes of operating income in units of ¥500 million. Overall, operating income decreased due to a decrease in sales volume. As a result of structural reforms, fixed costs decreased. 6
Slide 7: Balance sheet
There has been no major change in the composition of each asset and liability. Total assets decreased by ¥30.6 billion from the previous fiscal year-end to ¥341.9 billion, and shareholders' equity decreased by ¥10.3 billion to ¥95.9 billion. As a result, the shareholders' equity ratio was 28.0
Slide 8: Cash flows
Free cash flows saw an outflow of ¥0.1 billion. Excluding a one-time gain from the sale of assets in the previous year, the level was about the same. We maintained sufficient cash on hand with cash equivalents of ¥39.2 billion. 8
Slide 9: Progress of medium-term business plan measures
Finally, I would like to explain the progress of some of the measures outlined in the medium-term business plan. Review of overseas sales strategy We have completed the selection of printers mainly for specific applications. Sales of the printer hard in North America will be suspended by the end
Slide 10: Notice
Lon --— ee 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 co
Slide 11: Open up your dreams
ORI oom an Open up your dreams Co. tid 2021 Oki Electric ry 12
Oki Electric Industry — 9M FY2020 Earnings Presentation on 6ix