Slide 1: FY2021 Investor Briefing
1/27 FY2021 Investor Briefing May 19, 2022
Slide 2: FY2021 Outline of Financial Statement
2/27 FY2021 Outline of Financial Statement Executive Vice President and CFO KOHEI OHGAKI
Slide 3: <Consolidated> Financial Results
3/27 <Consolidated> Financial Results Unit: Million yen FY2020 FY2021 Net Sales Profit 60,000 0.7% DOWN 9,000 48,560 48,243 45,000 6,000 30,000 3,413 2,601 2,992 3,000 15,000 1,917 1,070 703 0 0 Net Sales Operating Profit Ordinary Profit Net Profit
Slide 4: <Consolidated> Financial Results (by Quarter)
4/27 <Consolidated> Financial Results (by Quarter) Unit: Million yen FY2021 FY2021 FY2021 FY2021 Net Sales 4-6 7-9 10-12 1-3 Profit 15,000 3,000 12,136 12,642 12,060 11,405 10,000 2,000 1,041 1,146 951 1,076 853 937 5,000 1,000 275 487 277 126 15 0 0 -76 -5,000 -1,000 Net Sales Operating Profit Ordi
Slide 5: <Consolidated> Operating Expenses
5/27 <Consolidated> Operating Expenses Unit: Million yen FY2020 FY2021 47,490 47,540 [ ]: Sales Ratio [97.8%] [98.5%] 50,000 Material costs Amount paid to subcontractors 40,000 Labor costs 23,493 48.4% 23,129 47.9% Expenses 30,000 Depreciations 881 1,132 2.3% 1.8% 20,000 16,103 33.2% 15,886 32.9% •
Slide 6: <Consolidated> Analysis of Changes in Operating Profit
6/27 <Consolidated> Analysis of Changes in Operating Profit Analysis of factors for increase/decrease Unit: Million yen of consolidated operating profit ［ FY2020 vs. FY2021 ］ Total 1,400 Operating -367 million yen profit for 1,200 previous term 1,070 1,000 Decrease in Decrease in sales amount fixed
Slide 7: <Consolidated> Analysis of Changes in Operating Profit
7/27 <Consolidated> Analysis of Changes in Operating Profit Analysis of factors for increase/decrease Unit: Million yen of consolidated operating profit ［ Initial forecast vs. FY2021 ］ Total 1,000 (announced on Apr 27, 2021) +203 million yen Decrease in fixed costs Operating (labor costs/expenses/ p
Slide 8: <Consolidated> Non-operating Profit and Loss
8/27 <Consolidated> Non-operating Profit and Loss Unit: Million yen FY2020 FY2021 1,531 2,710 [3.2%] [5.6%] [ ]: Sales Ratio 2,700 Foreign exchange profit/loss 2,300 Revenue from and expenditure to real estates 1,426 Financial account balance 1,900 1,500 Employment adjustment subsidy 160 (Gain on va
Slide 9: <Consolidated> Extraordinary Profit and Loss
9/27 <Consolidated> Extraordinary Profit and Loss FY2020 FY2021 Unit: Million yen 200 -330 -158 -3 (Loss on impairment) 21 -2 (Gain/loss on sales of fixed assets) 0 -38 Loss on valuation of -79 -30 investment securities (Others) -115 Gain/loss on sales of fixed assets -200 -130 Loss on impairment Lo
Slide 10: <Consolidated> Segment Information
10/27 <Consolidated> Segment Information Unit: Million yen FY2021 CS SCI R&D Others* TOTAL Division Division Center Total Net Sales 19,543 28,387 309 48,239 4 48,243 Operating Profit/Loss 1,036 -135 -196 703 0 703 FY2020 Reporting Segment CS SCI R&D Others* TOTAL Division Division Center Total Net S
Slide 11: <Consolidated> Cash Position
11/27 <Consolidated> Cash Position Unit: Million yen Mar. 2021 Mar. 2022 Differential （Ａ） （Ｂ） （Ｂ－Ａ） Assets 50,332 54,794 4,462 Cash and cash equivalents 8,799 8,555 -244 Accounts receivable 12,567 12,800 232 Inventories 6,547 9,545 2,998 Fixed assets 21,428 23,063 1,635 Liabilities 22,580 24,150 1,5
Slide 12: <Consolidated> Cash Flow Position
12/27 <Consolidated> Cash Flow Position Unit: Million yen FY2020 FY2021 Cash flow from operating activities 4,653 2,433 Working capital -18 -2,799 Profit before taxes 2,271 3,254 Depreciation 2,237 2,696 Others 163 -718 Cash flow from investing activities -2,325 -1,631 Free cash flow 2,327 801 Cash
Slide 13: Financial Forecast and Annual Dividend
13/27 Financial Forecast and Annual Dividend %: Increase/decrease (1) Forecast of Consolidated Financial Results ratio to previous term Operating Ordinary Net Sales Net Profit Profit Profit Million yen % Million yen % Million yen % Million yen % FY2021 48,243 -0.7 703 -34.2 3,413 31.2 2,992 56.1 FY2
Slide 14: <Consolidated> Analysis of FY2022 Operating Profit
14/27 <Consolidated> Analysis of FY2022 Operating Profit ［ FY2021 vs. FY2022 ］ Unit: Million yen (announced on Apr. 28, 2022) 2,800 Total Increase in Decrease in sales amount variable costs +797 million yen 1,382 33 2,400 2,000 Initial forecast of operating profit 1,600 1,500 Impact of Increase in f
Slide 15: FY2021 Result and FY2022 Prospect
15/27 FY2021 Result and FY2022 Prospect President, CEO and COO YASUMITSU IKEDA
Slide 16: Net Sales by Product Div. (FY2020-FY2022)
16/27 Net Sales by Product Div. (FY2020-FY2022) Unit: Million yen %: Compared to 80,000 previous term 99% 114% 48,560 48,500 48,243 55,000 60,000 23 3 12 4 450 146% 472 285 309 40,000 108% 31,536 28,431 27,852 28,387 111% 99% 20,000 19,840 20,163 19,543 22,992 99% 118% 0 FY2020 Result FY2021/Oct. FY
Slide 17: Operating Profit by Product Div. (FY2020-FY2022)
17/27 Operating Profit by Product Div. (FY2020-FY2022) Unit: Million yen Profitability (%)=Profit/Sales 2.2% 2.1% 1.5% 2.7% 2,000 1,070 1,000 703 1,500 1,600 21 575 1,200 800 1,444 1,187 1,092 1,036 400 0 -72 -203 -135 -159 -294 -196 -7 -5 -7 -400 FY2020 Result FY2021/Oct. FY2021 Result FY2022 Forec
Slide 18: Reference: Net Sales by Market (FY2020-FY2022)
18/27 Reference: Net Sales by Market (FY2020-FY2022) Unit: Million yen %: Compared to 60,000 48,560 48,243 55,000 previous term 5,210 114% 3,906 4,587 Industry/ 40,000 19,640 113% Others 14,819 17,321 Car Electronics 20,000 19,199 18,670 110% 16,912 Home Appliance 10,635 9,421 11,480 122% 0 ICT FY20
Slide 19: FY2022 Priority Matters
19/27 FY2022 Priority Matters 1. Conduct business operation to agilely cope with change in business environments. 2. Expand business with high-value- added products & solutions and Enhance corporate structure. 3. Strengthen ESG management.
Slide 20: Development of High-Value-Added Products and Solutions
20/27 Development of High-Value-Added Products and Solutions Product/Technology Overview Collaboration with Image Algorithm to support Sample screenshot of the diagnosis of assessment Algorithm to support dementia using National Cerebral and scores in speech in Japanese Cardiovascular Center the U.S
Slide 21: Equipment Investment
21/27 Equipment Investment Unit: Billion yen 3.1 155% Strengthen Management Infrastructure 3 (including environment and IT) 0.9 Photovoltaic power generation, Digital Transformation (DX), Information security 2.0 Machinery renewal, etc. 2 0.5 0.5 Improve Productivity 0.4 Automation and labor-saving
Slide 22: Sales & Profit by Product Division
Progress of Medium-Term Business Plan 22/27 Sales & Profit by Product Division Profitability (%)=Profit/Sales Unit: Billion yen Sales Profit FY2021 FY2022 FY2023 80 8 70 7 60.7 60 52.6 55.0 1.1 6 48.5 48.2 3.0% 0.5 2.7% 5.1% 1.0% 1.5% 0.9 5 50 0.5 0.3 32.2 40 4 29.0 31.5 3.1 27.6 28.4 30 3 1.00 1.6
Slide 23: New Product Sales Target
Progress of Medium-Term Business Plan 23/27 New Product Sales Target New Products Sales Unit: Billion yen 14.7 80.0 Others Sales Target by Market Healthcare 1.4 60.7 IoT 0.81 60 60.0 52.6 48.5 48.2 5.5 Wearable 1.1 Industry/ 5.0 5G Others 3.9 4.6 19.7 CASE 40 40.0 3.1 Car 14.8 17.8 Electronics 17.3
Slide 24: Approach to CASE
Progress of Medium-Term Business Plan 24/27 Approach to CASE Unit: Billion yen Medium-Term FY2021 Result FY2022 Forecast FY2023 Business Plan Others Others Others 19% 18% 17% Sales for Sales for Sales for Car Electronics Car Electronics Car Electronics Market Market Market 17.3 18.4 19.7 billion yen
Slide 25: Approach to Carbon Neutrality
Progress of Medium-Term Business Plan 25/27 Approach to Carbon Neutrality 120% ◆ Medium- to long-term targets Reference point 100% Target: CO2 emissions per unit of production value 88% 80% Target 60% 60% Carbon neutrality Reach net zero in FY2045 40% Medium-term Reduce by 12% compared to FY2020 (FY
Slide 26: Progress of Medium-Term Business Plan: Operating Profit
Progress of Medium-Term Business Plan 26/27 FY2022 FY2023 FY2020 FY2021 FY2022 Medium-Term Medium-Term Result Result Forecast Business Plan announced in May 2022 Business Plan Unit: Billion yen announced in May 2021 announced in May 2021 CS 19.8 19.5 22.7 23.0 27.4 Net Sales SCI 28.4 28.4 29.0 31.5
Slide 27: Notice
27/27 Notice All information in this material concerning the forecast of business achievements, projections of general business conditions and our business strategies is dependent on our conclusion made to a normally foreseeable extent applying information reasonably accessible to us at the time of