Imasen Electric Industrial Co., Ltd. · TSE:7266
Imasen Electric Industrial — Q1 FY2025 Earnings Presentation
29 slides from Imasen Electric Industrial's earnings presentation, Aug 23, 2024
Slide 1: Summary of Consolidated Financial Results for 1Q FY2025
Summary of Consolidated Financial Results for the First Quarter of Year Ending March 31, 2025 (1Q FY2025) Aug 23, 2024 Imasen Electric Industrial Co., Ltd. Tokyo Stock Exchange Standard Market, Nagoya Stock Exchange Premier Market Stock code: 7266 ©IMASEN ELECTRIC INDUSTRIAL CO.,LTD. All rights rese
Slide 2: Introduction: Kenichi Hasegawa, President
Introduction Kenichi Hasegawa President and Representative Director Date of birth April 10,1959(age 65) 【Career History】 June 2000 Engineering Sales Division, Motorcycle Engineering Department General Manager of TS TECH Co., Ltd. April 2008 Director and President of TRI-CON INDUSTRIES, LTD. April 20
Slide 3: I. Summary of Consolidated Financial Results for 1Q FY2025
I. Summary of Consolidated Financial Results for 1Q FY2025 II. Medium- and long-term management policy ©IMASEN ELECTRIC INDUSTRIAL CO.,LTD. All rights reserved. 3
Slide 4: I. Summary of Consolidated Financial Results for 1Q FY2025
I. Summary of Consolidated Financial Results for 1Q FY2025 II. Medium- and long-term management policy ©IMASEN ELECTRIC INDUSTRIAL CO.,LTD. All rights reserved. 4
Slide 5: Summary of Consolidated Financial Results for 1Q FY2025
Summary of Consolidated Financial Results for 1Q FY2025 (Unit: Million yen) 1Q FY2024 1Q FY2025 1Q FY2025 Difference Change Result Plan *1 Result Net sales 24,127 23,285 23,319 -808 -3.4% Operating profit 20 -631 -245 -265 - Ordinary profit 323 -255 360 +36 11.4% Profit attributable to -908 1,359 2,
Slide 6: 1Q FY2025 Operating Profit (Year on Year)
1Q FY2025 Operating Profit (Year on Year) （ Foreign exchange impact ＋1,390） （ Production fluctuations -2,198） Unit: Million yen -808 Net sales:24,127 Net sales : 23,319 -265 1Q FY2024 -681 1Q FY2025 20 +30 +361 Other -245 +184 -159 Economic Foreign Production Company fluctuations exchange fluctuatio
Slide 7: 1Q FY2025 Operating Profit (Disclosed Forecasts vs. Results)
1Q FY2025 Operating Profit (Disclosed Forecasts vs. Results) （ Foreign exchange impact ＋474） Unit: Million yen （ Production fluctuations -440）） +34 Net sales :23,285 Net sales:23,319 +386 Plan* Result +123 +215 -18 -245 Economic Foreign fluctuations exchange impact ＋66 Company structure -631 Product
Slide 8: 1Q FY2025 Results by Business Segment
1Q FY2025 Results by Business Segment [ Year on Year ] （Unit: Million yen） Seat and Electrical Equipment Business Electronics Business Net sales -689（-3.5％） Net sales -70（-2.0％） 19,491 Although there was an upside impact from Although production decreased, The 18,802 the weak yen, production in Chin
Slide 9: 1Q FY2025 Results by Regional Segment
1Q FY2025 Results by Regional Segment [ Year on Year ] （Unit: Million yen） Japan North America 9,040 Net sales -376（-4.2％） Net sales +1,100（+16.1％） 8,664 Sales decreased due to a decrease in 7,926 In addition to increased production, production in the seat business. 6,826 revenue increased due to th
Slide 10: 1Q FY2025 Capital Investment and Depreciation Expense
1Q FY2025 Capital Investment and Depreciation Expense （ Unit: Million yen ） ＜Major investments during the period＞ Capital investment ・ Japan 1Q 1Q Decreased compared to investment in Difference FY2024 FY2025 dies associated with launching new Japan 443 202 -241 vehicle models in the previous fiscal
Slide 11: Seat and Electrical Equipment Business: Joint efforts with TS Tech
Review of 1Q FY2025 ■Seat and Electrical Equipment Business Priority strategy: Promote joint efforts with TS Tech In the India business, land leased As orders are expected to increase, we will for construction of the new TS maximize mutual cooperation and expand and India Plant in response to review
Slide 12: Seat and Electrical Equipment Business: Personnel and North America consolidation
Review of 1Q FY2025 ■Seat and Electrical Equipment Business [Optimizing personnel through [Business Consolidation in voluntary retirement program] North America] FY2024 154 applications. Ohio Plant Tennessee plant Mexico Plant Completed in FY2024 Japan head office Production capacity of Mexico Plant
Slide 13: Priority strategy: Strengthen financial structures
Review of 1Q FY2025 Priority strategy: Strengthen financial structures ■Promote reductions in cross-shareholdings. Promote reductions in cross- shareholdings as a basic policy, continuing maintain pace of sales . ＜1Q FY2025 Result＞ Sale Details: One issue of listed securities Scheduled sale date : M
Slide 14: Increase customer satisfaction
Review of 1Q FY2025 Increase customer satisfaction Received a letter of appreciation We received a letter of appreciation from Nissan Motor Co., Ltd. For excellent quality. from JAXA. Our consolidated subsidiary, Toyo Aviation Electronics Co., Ltd., received a letter of appreciation from JAXA (Japan
Slide 15: Forecasts of Consolidated Financial Results for FY2025
Forecasts of Consolidated Financial Results for FY2025 Unit: First half First half *Full-year Difference Change million yen Initial plan Revised plan plan Net sales 44,700 46,000 +1,300 + 2.9% 93,500 Operating profit -1,080 -500 +580 - 100 Ordinary profit -740 100 +840 - 300 Profit Attributable to 7
Slide 16: II. Medium- and long-term management policy
I. Summary of Consolidated Financial Results for 1Q FY2025 II. Medium- and long-term management policy ©IMASEN ELECTRIC INDUSTRIAL CO.,LTD. All rights reserved. 16
Slide 17: Medium- and long-term management policy
Medium- and long-term management policy 1. Review of Medium- and Long-term Management Plan 2029 Creating the future Phase1 of mobile space 2. New medium-term management plan (1) Correcting business policy (2) Redefining long-term goals (3) Eight key measures for the medium term ©IMASEN ELECTRIC INDU
Slide 18: Review of Medium- and Long-term Management Plan 2029 Phase1
1. Review of Medium- and Long-term Management Plan 2029 Phase1 Implementing key measures to ①Performance ②Priority Measures strengthen our business structure (Sales/Operating Profit) Evalu Policy Measures ation Improved business structure to ensure operating profit ・Strengthening ・Collaborative acti
Slide 19: Correcting business policy
2. (1) Correcting business policy Formulate a three-year medium-term business plan to achieve long-term goals 1 (improve planning accuracy) ・Redefine long-term goals for 2029 and formulate a three-year mid-term management plan starting from this fiscal year as a milestone for achieving those goals.
Slide 20: Redefining long-term goals: FY2030 Long-term Goals
2.(2) Redefining long-term goals FY2030 Long-term Goals Goals Response Policy <Strengthening sales structure to secure new orders globally> ・Seat : Sales increase following TS-TECH sales expansion Strengthening sales structure and independently expanding sales targeting foreign companies Sales 150 ・
Slide 21: Long-term goals and new medium-term management plan
2.(2) Redefining long-term goals Long-term goals and new medium-term management plan FY2025 FY2027 FY2030 Operating Sales ROE FY2030 target profit Backcasting FY2025-FY2027 150 6.0% 7.0% medium-term billion yen or more management plan Eight priority measures Speed of management 1) Accelerating decis
Slide 22: Eight priority measures (1 of 5): Accelerating decision-making
2.(3) Eight priority measures(1 of 5) Priority Measures 1 (Speed of management) Accelerating decision-making and promoting the delegation of authority Board of directors Reviewing the decision-making process ・Cut the number of meetings in half ・Cut the time from planning/drafting to Management Counc
Slide 23: Eight priority measures (2 of 5): Strengthening sales functions
2.(3) Eight priority measures(2 of 5) Priority Measures 2 (Offense) Strengthening sales functions Information gathering using ・Strengthen sales systems at headquarters and TS-TECH bases Financial group bases Customer Information Institutions ・Centralize information management, provide Supplier gathe
Slide 24: Eight priority measures (3 of 5): Restructuring North America and China
2.(3) Eight priority measures(3 of 5) Priority Measures 4 (Offense/Defense) Strengthening profits through restructuring in North America and China ・Strengthening competitiveness by establishing an integrated production system for pressing, welding, painting, and assembly Ohio Wuhan *The decision was
Slide 25: Eight priority measures (4 of 5): Earning power and capital policy
2.(3) Eight priority measures(4 of 5) Priority Measures 6 (Defense) Reconstruction of earning power ・Eliminating unnecessary, wasteful, and lost costs Theoretical Actual Cost Cost ・Pursuing theoretical costs in product costs ・Minimizing management costs Improving the gap Priority Measures 7 (Defense
Slide 26: Eight priority measures (5 of 5): Group synergy product development
2.(3) Eight priority measures(5 of 5) Priority Measures 8 (Synergy) Future product development through group synergy ・Establish an advanced development department Owned technologies/uniqueness with an eye to the future (Maximizing synergies) ・Maximize synergy between the technologies owned by our gr
Slide 27: [Reference] Response to the stock market: Dividend forecast
[Reference] Response to the stock market Dividend forecast [Dividend Policy] While maintaining sustainable growth, we aim to provide stable and continuous profit returns to shareholders while strengthening our financial position and management foundation. (YEN) 40 32 Period-end 30 26 Interim 16 20 1
Slide 28: [Reference] Future plans: IR Calendar
[Reference] Future plans IR Calendar Sep 6 (Fri)- Nagoya Stock Exchange IR Expo Exhibit Sep 7 (Sat) @Nagoya Trade & Industry Center "Fukiage Hall“ Nov 8 (Fri) FY2025 2Q Financial Results Announcement Nov14(Thu) FY2025 2Q Financial Results Briefing @ The Securities Analysts Association of Japan Confe
Slide 29: Challenge by New Imasen
Challenge by New Imasen • Imasen Electric Industrial Co., Ltd. reserves all rights to the contents of this document. Unauthorized republication or reuse is strictly prohibited. • Forecasts of business results and other forward-looking statements in this document represent estimates and projections b
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