Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — FY2023 Earnings Presentation
18 slides from Oki Electric Industry's earnings presentation, May 9, 2024
Slide 1: Financial Results for FY2023
Financial Results for FY2023 May 9, 2024 Oki Electric Industry Co., Ltd. © Copyright 2024 Oki Electric Industry Co., Ltd.
Slide 2: Today's Explanations
Today's Explanations Summary of Financial Results for FY2023 Financial Forecasts for FY2024 FY2023 Review and FY2024 Outlook © Copyright 2024 Oki Electric Industry Co., Ltd. 2/18
Slide 3: Summary of Financial Results
Summary of Financial Results Net sales and operating income increased significantly YOY as a result of the recovery from production impacts due to the supply chain and large-scale projects in Enterprise Solutions. FY2023 FY2023 FY2022 (Billion yen) Variance (Forecasts) Variance (Actual) (Actual) (
Slide 4: Reasons for Changes in Operating Income/Loss
Reasons for Changes in Operating Income/Loss Operating income rose significantly due to steady increases in the volume of large- scale projects and price pass-through. Investments in human resources and growth were steadily implemented. (Billion yen) +2.9 (6.5) +4.1 ±0.0 18.7 +15.8 2.4 FY2022 Ch
Slide 5: Segment Information (Net Sales / Operating Income)
Segment Information (Net Sales / Operating Income) FY2023 FY2022 FY2023 (Billion yen) Variance (Forecasts) Variance (Actual) (Actual) (As of Feb. 7) Net sales 94.0 95.7 (1.7) 95.0 (1.0) Public Solutions Operating income 4.4 3.4 +1.0 3.5 +0.9 Net sales 180.1 112.9 +67.2 180.0 +0.1 Enterprise Solution
Slide 6: Overview by Segment (Public Solutions / Enterprise Solutions)
Overview by Segment (Public Solutions / Enterprise Solutions) Public Solutions Enterprise Solutions The business fields of roads, firefighting, disaster Net sales increased significantly due to easing of the supply prevention, and TOKKI steadily increased. chain impact and large-scale projects.
Slide 7: Overview by Segment (Component Products / EMS)
Overview by Segment (Component Products / EMS) Component Products EMS IoT is positive due to improvement from procurement Net sales and operating income declined due to the difficulties due to supply chain impact. impact of lower demand in the semiconductor market Printer operating income declin
Slide 8: Balance Sheets
Balance Sheets Inventories decreased steadily at the end of the previous fiscal year. Inventories / Turnover by days Turnover by days Inventories Shareholders’ equity ratio improved by 7.9 points YOY to 33.3% (Billion yen) (days) Purchases in FY23 86.4 86.2 86.6 86.9 (Sales in FY23) (Billion yen
Slide 9: Cash Flows
Cash Flows Operating cash flow turned positive due to improved profit. Repaid borrowings due to improved free cash flow. FY2023 FY2022 (Billion yen) (Actual) (Actual) Variance Ⅰ Cash flows from operating activities 24.7 (3.1) +27.8 Ⅱ Cash flows from investing activities (14.3) (17.6) +3.3 Free c
Slide 10: Financial Forecasts
Financial Forecasts FY2024 FY2023 （Billion yen） Variance (Forecasts) (Actual) Net sales 135.0 94.0 +41.0 Public Solutions Operating income 10.5 4.4 +6.1 Net sales 170.0 180.1 (10.1) Enterprise Solutions Operating income 12.5 22.0 (9.5) Net sales 75.0 73.4 +1.6 Component Products Operating income 1.5
Slide 11: Reasons for Changes in Operating Income/Loss
Reasons for Changes in Operating Income/Loss Increase due to higher volume in Public Solutions. Investment in human resources and growth continued. (Billion yen) (6.0) +7.4 (4.1) 18.7 16.0 14.6 FY2023 FY2023 FY2024 (Actual) One-time factor (Actual) Changes in Changes in (Forcast) (Reversal of al
Slide 12: FY2023 Review and FY2024 Outlook (Changes in Financial Results)
FY2023 Review and FY2024 Outlook (Changes in Financial Results) Net sales (Billion yen) Operating income (Billion yen) / Operating margin 457.2 460.0 Operating income Operating margin 421.9 392.9 16.8 369.1 16.0 352.1 14.6 8.9 3.7% 3.5% 3.5% 5.9 2.3% 1.7% 2.4 0.7% FY19 FY20 FY21 FY22 FY23 FY24 FY19
Slide 13: FY2023 Review and FY2024 Outlook (Status of the business)
FY2023 Review and FY2024 Outlook (Status of the business) Public Firefighting, disaster prevention, roads, and TOKKI secured projects steadily. Growth Solutions Steadily responding to needs based on the policy of strengthening defense capabilities. Businesses Semiconductor market and FA/robot market
Slide 14: (Reference) Quarterly Results
(Reference) Quarterly Results FY2022 FY2023 （Billion yen） Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Public Net sales 19.3 19.8 22.8 33.7 95.7 19.3 20.0 24.5 30.1 94.0 Solutions Operating income (0.3) (0.3) 0.0 4.0 3.4 (0.1) (0.7) 1.4 3.9 4.4 Enterprise Net sales 23.3 24.5 29.7 35.4 112.9 27.4 36.5 51.5 64.7 180
Slide 15: (Reference) Business Overview
(Reference) Business Overview Public Solutions Enterprise Solutions Net sales （Billion yen） Net sales （Billion yen） 180.1 170.0 135.0 94.0 FY2023 (Actual) FY2024 (Forecasts) FY2023 (Actual) FY2024 (Forecasts) Operating income Operating income 22.0 10.5 12.5 4.4 FY2023 (Actual) FY2024 (Forecasts) FY2
Slide 16: (Reference) Investments and Cash Flows Forecasts
(Reference) Investments and Cash Flows Forecasts We will continue to make necessary investments for sustainable growth. Investments FY2024 FY2023 Variance (Billion yen) (Forecasts) (Actual) Capital Expenditure* 22.0 16.0 +6.0 Depreciation* 16.0 13.2 ＋2.8 R&D 13.0 12.5 ＋0.5 *Scope: property, plant,
Slide 17: (Reference) Major Products and Services
(Reference) Major Products and Services • Roads (ETC, VICS), air traffic control, disaster prevention, firefighting • Business systems for central government offices, government statistics systems Public • Defense systems (underwater acoustics, information) Solutions • Aviation equipment • Infrastru
Slide 18: 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. •