Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q1 FY2022 Earnings Presentation
20 slides from Hirose Electric's earnings presentation, Aug 2, 2022
Slide 1: Business Results for the First Quarter of FY2022
Hirose Electric Business Results for the First Quarter of FY2022 Business Results for the First Quarter of FY2022 August 2, 2022 Hirose Electric Co., Ltd. 〔6806〕
Slide 2: Cautionary Statement
Cautionary Statement In this material, there are descriptions based on current estimation by Hirose Electric. Hirose cautions you that a number of important risks, uncertainties and others could cause actual results to differ materially from those discussed in the *forward-looking statements. Thank
Slide 3: Summary of the business results (FY2022.1Q)
Summary of the business results (FY2022.1Q From April, 2022 to June, 2022) HS @ In the first quarter of FY2022, the sales for general industrial, automotive, consumer and mobile equipment increased. As a result, quarterly sales and operating profit of FY2022.1Q were record high. Sales increased by 2
Slide 4: Changes in sales and operating profit (FY2021.1Q-FY2022.1Q / Consolidated basis)
HS Changes in sales and operating profit (FY2021.1Q-FY2022.1Q / Consolidated basis) mamSales Operating profit -O-Operating profit ratio —_(Yen in hundred millions) 465.7 21.1Q 21.2Q 21.3Q 21.4Q 22.1Q
Slide 5: Business Results for FY2022.1Q
Business Results for FY2022.1Q Increase Increase FY2021.1Q FY2022.1Q / Decrease / Decrease Ratio (FY ended Jun 30, 2021) (FY ended Jun 30, 2022) (Yen in hundred millions) (YoY) (YoY) Sales 384.4 465.7 +81.3 21.2% COGS Ratio 55.1% 51.0% ‐4.1 SGA Ratio 21.4% 21.4% 0.0 Operating Profit 90.9 129.7 +38.8
Slide 6: FY2022.1Q Major Changes
FY2022.1Q Major Changes HS Sales 81.3 hundred million yen Increased (384.4 > 465.7) (Yen in hundred millions) Non consolidated Hirose: +73.5 Subsidiaries: + 7.8 COGS Ratio 4.1pt Improved (55.1% > 51.0%) Variable Expense Ratio: 39.2% > 37.6% Depreciation Ratio: 8.7% 47.1% Labor-cost Ratio: 6.6% > 6.6
Slide 7: FY2022.1Q YoY Variation Analysis
FY2022.1Q YoY Variation Analysis (Yen in hundred millions) Operating Profit before Sales Profit (%) tax (%) FY2021.1Q Actual 384.4 90.9 23.7% 94.4 24.6% Exchange rate 38.5 20.3 33.3 Labor cost increase ‐13.6 ‐13.6 Depreciation cost decrease 0.9 0.9 Increase in freightage and packing expenses ‐6.0 ‐6
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet HS Account Mar 31, 2022 : Cash and cash : equivalents 683.9 : Trade and other : receivables 434.3 : Inventories 216.9 >: a: Other financial @: BE assets 1,794.2 : Property, plant : and equipment 611.5 : Right-of-use asset 49.1 : Others 157.9 :.. Total Assets 3,947.8 Total
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet HS samiqer Ayinb3 s,sapjoyaseys a . Increase / (Yen in hundred millions) Shareholder’s Equity Account Mar 31, 2022 Jun 30,2022 Decrease Remark Payables and other debt 238.1 281.3 Purchasing increase Lease liabilities 49.7 55.6 Decreased because of corporate tax Income Taxe
Slide 10: Changes in Capital Investment and Depreciation
HS Changes in Capital Investment and Depreciation ' Capital Investment MiDepreciation _(Yenin hundred millions) -O-Capital Investment Ratio -O-Depreciation Ratio ') 168 170 6%! | FY2019 FY2020 FY2021 FY2022 Forecast FY2022.1Q (*Excluded: Investment in land, building, software) 10
Slide 11: Overseas production and sales ratio
Overseas production and sales ratio 76% 9 77% 72% 74% “6. pe _o o— a 46% 48% 47% 48% _O— ~ —O ~O-Overseas Sales Ratio ~O-Overseas Production Ratio T T T T 1 FY2018 FY2019 FY2020 FY2021 FY2022.1Q 11
Slide 12: Sales by Application_General Industrial
HS Sales by Application_General Industrial (Yen in hundred millions) FY2021.1Q FY2021.4Q FY2022.1Q YoY QoQ Sales 131 152 168 +28% +11% @ FY2022.1Q Composition ratio @ Changes in quarterly sales 168 147 152 131 134 1Q 2Q 3Q 4Q 1Q FY2021 FY2022 @ We strengthen our production capacity in Japan and over
Slide 13: Sales by Application_Smartphone
HS Sales by Application_Smartphone (Yen in hundred millions) FY2021.1Q FY2021.4Q FY2022.1Q Sales 72 88 75 +4% -15% @ FY2022.1Q Composition ratio @ Changes in quarterly sales 86 93 88 72 75 17% 1Q 2Q 3Q 4Q 1Q FY2021 FY2022 The sales for smartphone decreased compared to the sales in FY2021.4Q because
Slide 14: Sales by Application_Consumer/Mobile Equipment
HS Sales by Application_Consumer/Mobile Equipment (Yen in hundred millions) FY2021.1Q FY2021.4Q FY2022.1Q 75 Sales @ FY2022.1Q Composition ratio @ Changes in quarterly sales 98 85 75 82 71 1Q 2Q 3Q 4Q 1Q FY2021 FY2022 @ The sales for wearable devices and smart appliances keep growing. 14
Slide 15: Sales by Application_Automotive/Mobility-related
HS Sales by Application_Automotive/Mobility-related (Yen in hundred millions) FY2021.1Q FY2021.4Q FY2022.1Q YoY QoQ Sales 73 +18% +12% @ FY2022.1Q Composition ratio @ Changes in quarterly sales 86 73 70 72 7 1Q 2Q 3Q 4Q 1Q FY2021 FY2022 ™@ The sales for EV, ADAS and power train continues to be stron
Slide 16: Sales by Application_Telecommunications infrastructure equipment / OA equipment
Sales by Application_Telecommunications infrastructure equipment / OA equipment HS (Yen in hundred millions) FY2021.1Q FY2021.4Q FY2022.1Q YoY QoQ Telecommunications 0 0, infrastructure equipment 15 15 18 +20% +20% OA equipment 6 6 6 0% 0% @ FY2022.1Q Composition ratio @ Changes in quarterly sales T
Slide 17: Annual sales forecast by applications (round number)
HS Annual sales forecast by applications (round number) There is no change from the forecast announced in May, 2022 FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 FY2021 FY2022 Actual Forecast Actual Forecast Actual Forecast Actual Forecast Aut ti General Smartphone . wie ive / Consumer / Taisen Mobility
Slide 18: Business Forecast for the Year Ending March 31, 2023 (Consolidated)
HS Business Forecast for the Year Ending March 31, 2023 (Consolidated) (Yen in hundred millions) There is no change from the forecast announced in May, 2022 FY2021 (FY ended March 31, FY2022 (FY ending March 31, ee A | Previous Actual Previous Actual 2022) Actua 2023) Forecast Amount Amount First Ha
Slide 19: Appendix
Appendix
Slide 20: Sales by Applications
Sales by Applications round number (quarterly basis) HS (Yen in hundred millions) FY2021 FY2022 Composition ratio by 1Q 2Q 3Q applications General Industrial 131 134 147 Smartphone 72 86 93 Automotive / Mobility-related 73 70 72 Consumer / Mobile Device 75 85 82 Telecommunications Infrastructure 15