Optex Group Company Limited · TSE:6914

Optex — Q1 2024 Earnings Presentation

38 slides from Optex's earnings presentation, May 10, 2024

  1. Slide 1: Presentation Material for the First Quarter of FY2024

    Presentation Material for the First Quarter of FY2024 (Jan.1 to Mar.31, 2024) OPTEX GROUP CO., LTD. May 10, 2024 （Tokyo Stock Exchange Prime Market:#6914） <Disclaimer> The forward-looking statements, including OPTEX CO., LTD.’s operating results, strategies, and business plans, contained in these ma

  2. Slide 2: Business Segment

    Business Segment Starting from the first three months of the fiscal year under review, “Other” in the SS Business is reclassified as “Social and Environment-related”. Security Sensor segment Security sensors SS Business Automatic Door Sensor segment Automatic door sensors （SS：Sensing Solution） Vehic

  3. Slide 3: Agenda

    1．Q1 FY2024 Overview of Financial Results 2．FY2024 Consolidated Earnings Forecasts 3．TOPIC © 2024 OPTEX GROUP CO., LTD. 3

  4. Slide 4: Key Points of Q1 FY2024 Financial Results

    Key Points of Q1 FY2024 Financial Results Consolidated net sales were +12% year on year -SS Business: In Japan, sales to main customers were steadily. Outside Japan, sales remained steady despite the impact of inflation. -IA Business: Sales of FA-related products were low due to inventory adjustment

  5. Slide 5: Summary of Q1 FY2024 Consolidated Financial Result

    Summary of Q1 FY2024 Consolidated Financial Result Operating Results Q1(1-3) FY2023 Q1(1-3) FY2024 Percent Change (Unit: million yen) Results Results Change Net sales 13,822 15,464 +1,642 +11.9% Operating income 1,751 1,755 +4 +0.2% （Operating income Ratio） （12.7%） （11.4%） Ordinary income 1,753 1,98

  6. Slide 6: Comparison of Q1 FY2024 Consolidated Financial Result between Segments

    Comparison of Q1 FY2024 Consolidated Financial Result between Segments Q1(1-3) FY2023 Results Q1(1-3) FY2024 Results Operating income Percent Operating income Percent (Unit:million yen) Net sales （Operating income Ratio） Net sales Change （Operating income Ratio） Change SS Business 6,119 694 7,075 +1

  7. Slide 7: Factors of change in Net Sales (Year-on-year)

    Factors of change in Net Sales（Year- on-year） Impact of Exchange Rate +1,042 15,464 IA EMS Other SS Business Business Business Business +335 +37 -4 +232 13,822 SS +724 IA +307 FA -720 EMS +11 MVL -377 IPC +116 MECT +1,316 Q1(1-3) FY2023 Consolidated Net Sales Q1(1-3) FY2024 Results +¥1,642 million R

  8. Slide 8: Factors of change in Operating Income (Year-on-year)

    Factors of change in Operating Income（Year- on-year） Impact of Increase Exchange Impact of in Sales Increase Rate Exchange Expenses Increase in Cost Rate +712 -119 Rate +314 -582 -321 1,751 1,755 Changes in the composition of sales, etc. (mainly, an increase in the percentage of MECT-related and a d

  9. Slide 9: Quarterly performance - Consolidated Net Sales

    Quarterly performance - Consolidated Net Sales (Year-on-year) 15,336 15,464 14,343 445 299 13,901 13,822 13,839 13,340 13,227 512 13,375 841 1,547 EMS/Other Business 274 499 255 336 1,268 546 422 399 231 397 756 1,223 1,304 150 116 1,150 1,107 311 782 886 916 1,110 IA Business(MECT) 3,929 3,369 3,25

  10. Slide 10: Business by Segment - SS Business (Security Sensors)

    Business by Segment - SS Business(Security Sensors) Region Q1(1-3) FY2024 Overview Quarterly Sales by Region(Unit: million yen) The figures for FY2022 and FY2023 reflect reclassification arising from segment changes - The number of projects for the large-scale implemented in the SS Business. Japan f

  11. Slide 11: Business by Segment - SS Business (Automatic Door Sensors)

    Business by Segment - SS Business(Automatic Door Sensors) Region Q1(1-3) FY2024 Overview Quarterly Sales by Region(Unit: million yen) The figures for FY2022 and FY2023 reflect reclassification arising from segment changes - Sales of automatic door sensors and industrial implemented in the SS Busines

  12. Slide 12: Business by Segment - SS Business (Social & Environment)

    Business by Segment - SS Business(Social & Environment) Region Q1(1-3) FY2024 Overview Quarterly Sales by Region(Unit: million yen) The figures for FY2022 and FY2023 reflect reclassification arising from segment changes - Sales remained steady for parking lot vacancy implemented in the SS Business.

  13. Slide 13: Business by Segment - IA Business (FA)

    Business by Segment - IA Business(FA) Region Q1(1-3) FY2024 Overview Quarterly Sales by Region(Unit: million yen) - Sales for semiconductor-related applications Japan remained solid with customers starting to lift inventory adjustment measures. 2,880 2,774 2,710 2,631 2,608 2,558 - Sales of general-

  14. Slide 14: Business by Segment - IA Business (MVL)

    Business by Segment - IA Business(MVL) Region Q1(1-3) FY2024 Overview Quarterly Sales by Region(Unit: million yen) - Sales for EV-related applications were solid, Japan while sales for semiconductors and other 3,929 electronic parts remained weak. 3,502 3,413 3,425 3,369 3,252 3,221 3,216 - In produ

  15. Slide 15: Business by Segment - IA Business (IPC)

    Business by Segment - IA Business(IPC) Region Q1(1-3) FY2024 Overview Quarterly Sales by Region(Unit: million yen) - Sales for semiconductor manufacturing Japan equipment and medical devices were buoyant. 1,304 1,268 1,223 1,150 1,107 1,110 916 886 782 Industrial PCs Tracking Cameras Japan 1Q Q1 2Q

  16. Slide 16: Business by Segment - IA Business (MECT)

    Business by Segment - IA Business(MECT) Region Q1(1-3) FY2024 Overview Quarterly Sales by Region(Unit: million yen) - Deliveries of secondary battery manufacturing Japan equipment made good progress. 1,547 841 756 546 499 311 Manufacturing equipment of secondary batteries Image processing inspection

  17. Slide 17: Agenda

    1．Q1 FY2024 Overview of Financial Results 2．FY2024 Consolidated Earnings Forecasts 3．TOPIC © 2024 OPTEX GROUP CO., LTD. 17

  18. Slide 18: FY2024 Consolidated Earnings Forecasts

    FY2024 Consolidated Earnings Forecasts FY2023 FY2024 YoY (Unit: million yen) Results Forecast Net sales 56,372 61,000 +8.2% Operating income 5,899 6,600 +11.9% （Operating income Ratio） （10.5%） （10.8%） Ordinary income 6,258 6,600 +5.5% Profit attributable to owners of parent 4,608 5,000 +8.5% Net inc

  19. Slide 19: Shareholder Return

    Shareholder Return Implement shareholder returns with an eye to achieving a dividend payout ratio of approximately 30% while simultaneously taking into account the balance between reinforcing the management fundamentals and maintaining a stable dividend. 40 40 36 30 30 20 20 18 15 15 18 20 20 15 15

  20. Slide 20: Agenda

    1．Q1 FY2024 Overview of Financial Results 2．FY2024 Consolidated Earnings Forecasts 3．TOPIC © 2024 OPTEX GROUP CO., LTD. 20

  21. Slide 21: SS Business - Social and Environment-related

    SS Business - Social and Environment-related Comfort is created in parking lots and traffic infrastructure Vehicle Detection Sensors through vehicle detection sensors with low environmental loads. [Management of parking vehicles] [Parking lot vacancy management] Eliminate the need of coil burial wor

  22. Slide 22: https://www.optexgroup.co.jp /en /

    https://www.optexgroup.co.jp /en /

  23. Slide 23: Company Overview

    Company Overview © 2024 OPTEX GROUP CO., LTD. 23

  24. Slide 24: Company Overview

    Company Overview Company Name OPTEX GROUP CO., LTD. Location Shiga Otsu, Japan The OPTEX Group Established May 25, 1979 is an integrated Capital 2,798 million JPY manufacturer of sensors. Sales 56,372 million JPY To see things what eyes cannot see, that is our business ! Operating Profit 5,899 milli

  25. Slide 25: Trends in Consolidated Performance

    Trends in Consolidated Performance 75,000 2019 - U.S.-China trade tensions, economic slowdown in China 2020 - Deceleration - COVID-19 67,000 in demand for smartphone- related capital investment 61,000 56,372 54,811 2016 - Acquired CCS Inc. 45,866 10,000 (13%) 40,113 37,504 37,517 2008 34,846 8,000 -

  26. Slide 26: Company Overview _ History

    Company Overview _ History 1979 Established OPTEX CO., LTD. 1980 Developed the world's first Automatic Door Sensors with far-infrared Founding members 1985 Founded a subsidiary in California, U.S.A. 1991 Made the company's stock public. 1996 Developed Outdoor Crime Prevention Sensors 2001 Listed on

  27. Slide 27: Holding Company Structure

    SS Business: Sensing Solution Business Holding Company Structure IA Business: Industrial Automation Business Holding Company OPTEX GROUP CO., LTD （Tokyo Stock Exchange Prime Market：#6914） OPTEX CO., LTD. OPTEX FA CO., LTD. CCS Inc. Sanritz Automation MITSUTEC CO., LTD. Co., Ltd. Development/manufac

  28. Slide 28: Company Overview _ Data

    Company Overview _ Data Sales by Product Category Sales by Region 2% EMS/Others IA（MECT）4% Asia/ IA (IPC) Oceania 8% 12% SS Security AMERICAs IA (MVL) 56.3 Sensors 29% 14% 56.3 Japan 46% billion yen billion yen 24% (FY2023) SS (FY2023) Automatic Door Sensors SS EMEA IA Social 12% (FA) & 28% Environm

  29. Slide 29: Company Overview _ Global Market Share

    Company Overview _ Global Market Share Global niche No.1 Security Automatic door Machine vision sensors sensors lighting 40% Outdoor Intrusion 30% Automatic door 30% LED inspection Detector sensor lighting Infrared sensor Sensor for large-scale Camera sensor critical facilities LED lighting systems

  30. Slide 30: SS Business – Security sensors-related

    SS Business – Security sensors-related Largest market share in the world for outdoor intrusion detectors Residential home・Commercial facilities Residences Offices [Security company] Outdoor sensors Police alerted in Europe and the United States Important facilities Oil, gas, and other Airports infra

  31. Slide 31: SS Business – Automatic door sensors-related

    SS Business – Automatic door sensors-related Domestic market share: Over 50% Overseas market share: Over 20% 1980 Developed the world's first Shopping centers Over 60% share of convenience stores far-infrared automatic door sensor The world's first Shutter doors for factories and Mat switch (on the

  32. Slide 32: SS Business – Social and Environment-related

    SS Business – Social and Environment-related Comfort is created in parking lots and traffic infrastructure Vehicle Detection Sensors through vehicle detection sensors with low environmental loads. [Management of parking vehicles] [Parking lot vacancy management] Eliminate the need of coil burial wor

  33. Slide 33: IA Business – FA (Factory Automation)-related

    IA Business – FA(Factory Automation)-related Provision of sensors for factory automation which help automate factory production processes and save labor Displacement sensors Image sensors Photoelectric sensors Products for the semiconductor and Products for the three-item industries Products for the

  34. Slide 34: IA Business – MVL (Machine Vision Lighting)-related

    IA Business – MVL(Machine Vision Lighting)-related CCS produces lighting for image inspection using LED since 1993. Lighting for image inspections* When producing something at a plant, each stage of work requires an “inspection” process. Photos or images of the inspection targets are Letter/shape im

  35. Slide 35: IA Business – IPC (Industrial PC)-related

    IA Business – IPC(Industrial PC)-related Provision of products that are highly reliable in terms of environmental durability, noise insulation, and other factors. Our competitive edge is that we highlight long-term technical support services based on a wealth of expertise on the development of hardw

  36. Slide 36: IA Business – MECT (Mechatronics)-related

    IA Business – MECT(Mechatronics)-related Automation Systems Image Processing Inspection Systems "Motion technology" Boasting advanced mechatronics technology to move things ✓ High-speed/high-precision filling technology × ✓ High-speed material handling technology, etc. "Vision technology" to see thi

  37. Slide 37: ESG's Efforts

    ESG’s Efforts _ We are proactively addressing ESG issues to enhance our corporate value. See our ESG report here. Environment Social Governance Initiatives to tackle environmental issues Initiatives for social issues Corporate governance initiatives [Support for the TCFD Recommendations] The Company

  38. Slide 38: https://www.optexgroup.co.jp /en /

    https://www.optexgroup.co.jp /en /

Optex Group — Q1 2024 Earnings Presentation on 6ix