Slide 1: Consolidated Performance Briefing FY2023 4Q & Full Year
SUMIDA CORPORATION Consolidated Performance Briefing <FY2023 4Q & Full Year Ending December 31, 2023> February 8, 2024
Slide 2: FY2023 4Q & Full-Year Performance Results (CEO)
FY2023 4Q & Full-Year Performance Results CEO Kanji Hori Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 2
Slide 3: Sales & Operating Profit
Sales & Operating Profit （100 million yen） -2.４% Affected by the global economic slowdown. Automotive and consumer 376.4 376.6 377.2 100 355.5 367.4 electronics-related demand was 50 sluggish, especially in Asia and 28.4 29.8 North America. 22.6 21.8 11.5 Operating profit also declined 0 0 yea
Slide 4: Sales by Market and by Region
Sales by Market and by Region （100 million yen） Automotive Asia (excluding China/Taiwan) China/Taiwan 216.2 +5.9% 229.1 115.6 -16.2% -19.1% 96.8 69.1 55.8 2022 4Q 2023 4Q Industrial 2022 4Q 2023 4Q 2022 4Q 2023 4Q 75.5 +27.6% 96.3 North America/Others Europe 2022 4Q 2023 4Q +24.9% 160.5 128.6 Consum
Slide 5: Sales trends
Sales trends （100 million yen） 1,476 1,386 Notebook PC- and smartphone-related 1,049 975 943 demand in the consumer electronics 902 862 810 844 market shrank. On the other hand, xEV 776 639 and green energy-related businesses 513 expanded. The highest-ever sales was achieved in FY2023, positivel
Slide 6: Sales breakdown
Sales breakdown （100 million yen） Sales ratio Automotive FY 2023 2023 868 (+7.2%) 14% 2022 810 27% 59% Automotive Industrial Industrial Consumer 2023 401 (+41.1%) Electronics 2022 FY 2022 284 21% Consumer Electronics 21% 58% 2023 207 (- 29.0%) 2022 291 Copyright© 2024 SUMIDA CORPORATION. All rights
Slide 7: Operating Profit Trend
Operating Profit Trend （100 million yen） 85 Achieved record-high operating profit 82 for two consecutive fiscal years 63 62 FY2023 Major Positive Factors 54 53 Efficiency improvement 42 Material purchase cost saving 33 35 Exchange rate impact 28 18 17 Major Negative Factors Decreased factory
Slide 8: FY2023 4Q & Full-Year Performance Results (CFO)
FY2023 4Q & Full-Year Performance Results CFO Yoshiyuki Honda Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 8
Slide 9: Consolidated P/L for FY2023 4Q
Consolidated P/L for FY2023 4Q （million yen） 22.4Q 23.3Q 23.4Q Change % Change % （A） （B) （C） （C)/(A) （C)/(B) Sales 37,643 37,718 36,739 △2.4％ △2.6％ Gross Profit 5,654 5,965 4,155 GP % 15.0% 15.8% 11.3% Operating Profit 2,840 2,176 1,149 △59.5％ △47.2％ OP % 7.5% 5.8% 3.1% Financial Income/Exp.（Net) △5
Slide 10: Operating Profit Bridge Analysis - 2023.4Q vs 2023.3Q
Operating Profit (OP) Bridge Analysis - 2023.4Q vs 2023.3Q - Temporary factor 23.3Q Provision for （million yen） compensation for quality of Automotive- related products 654 2023 3Q OP 2,176 Increase in fixed costs due to lower capacity 2023 4Q utilization OP Impact of △965 1,149 revenue decrease Inc
Slide 11: Operating Profit Bridge Analysis - 2023.4Q vs 2022.4Q
Operating Profit (OP) Bridge Analysis - 2023.4Q vs 2022.4Q - Increase in profit as an effect of foreign currency （million yen） exchange rates 2022 4Q 142 OP 2,840 Increase in fixed costs due to lower capacity utilization △935 2023 4Q OP Impact of 1,149 revenue Others decrease △112 and product mix △7
Slide 12: Quarterly Sales/Operating Profit
Quarterly Sales/Operating Profit Sales （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 18 19 20 21 22 23 18 19 20 21 22 23 18 19 20 21 22 23 18 19 20 21 22 23 Operating Profit 1Q 2Q 3Q 4Q 4,000 4,000 4,
Slide 13: Consolidated P/L for FY2023 Full Year
Consolidated P/L for FY2023 Full Year （million yen） 2022 Full Year 2023 Full Year Change （A） （B) （B)/(A) Sales 138,600 147,672 6.5％ Gross Profit 19,302 21,110 GP % 13.9% 14.3％ Operating Profit 8,189 8,564 4.6％ OP % 5.9% 5.8％ Financial Income/Exp.（Net) △1,654 △2,708 Profit before Taxes 6,534 5,856 △1
Slide 14: Operating Profit Bridge Analysis - FY2023 vs FY2022
Operating Profit (OP) Bridge Analysis - FY2023 vs FY2022 - Increase in Improvement Reduction of raw （million yen） profit as an of material effect of production Costs foreign Efficiency 285 currency 1,149 exchange rates 1,927 Increase in fixed costs FY2023 FY2022 due to lower Increase in OP OP capaci
Slide 15: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position （million yen） Increase or Increase or 2022 Dec 31 2023 Dec 31 2022 Dec 31 2023 Dec 31 Decrease Decrease Current Assets 68,431 67,648 △782 Current Liabilities 60,327 55,550 △4,777 Cash & Cash Equivalents 2,944 3,107 163 Trade & Other Payables 14,906 15,036
Slide 16: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow （million yen） 2022 Full Year 2023 Full Year Change Cash Flow from Operating Activities 10,566 18,343 7,777 Profit before Taxes 6,534 5,856 △678 Depreciation and Amortization 8,120 9,361 1,241 Net Working Capital △5,124 6,352 11,476 Others 1,035 △3,227 △4,262 Cash
Slide 17: FY2024 Performance Forecast
FY2024 Performance Forecast CFO Designate Masaru Tarui Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 17
Slide 18: Consolidated P/L Forecast for FY2024
Consolidated P/L Forecast for FY2024 （million yen） FY2023 Actual FY2024 Forecast Change（％） Sales 147,672 158,600 7.4％ Operating Profit 8,564 9,500 10.9％ OP % 5.8% 6.0％ Profit before Taxes 5,856 7,300 24.6% Profit Attributable to 5,064 5,700 12.5% Owners of Parent EPS（yen） 167.46 174.69 Exchange rate
Slide 19: Operating Profit Bridge Analysis
Operating Profit Bridge Analysis （million yen） FY2024 Target 9,500 （million yen） Positive Factors Efficiency improvement 1,239 Sales increase 977 9,500 Material purchase saving 951 +936 8,564 Production volume increase 856 Exchange rate impact 162 Others 135 4,320 Negative Factors Welfare & Wage imp
Slide 20: FY2024 CAPEX Plan
FY2024 CAPEX Plan （100 million yen） 2023 Actual 2024 Plan 100 Others Others 98 88 6% 7% 84 82 74 Production efficiency and New products Production 61 60 58 新製品対応 Renewal 新製品対応 efficiency and New products 34% Renewal 27% 50% 44 32% 43 44 Mass 31 production Mass 33% production 12% 2012 2013 2014 2015
Slide 21: Dividend Forecast
Dividend Forecast （yen） June 30 December 31 TOTAL Payout Ratio FY2023 23.00 28.00* 51.00 30.5％ FY2024 26.00 27.00 53.00 30.3％ （Forecast） * Dividend at the end of December 2023 is a forecast, which will be decided at the board’s meeting to be held on February 22, 2024. Copyright© 2024 SUMIDA CORPORAT
Slide 22: Disclaimer Regarding Forward Looking Statements
Disclaimer Regarding Forward Looking Statements Sumida Corporation (referred to as "Sumida") makes this document available for informational purposes only. This document contains certain “forward-looking statements” which reflect management’s current views and the assumptions made with respect to sp
Slide 23: Global | Speed | Focus
Global | Speed | Focus