Espec Corp. · TSE:6859
Espec — H1 FY2021 Earnings Presentation
22 slides from Espec's earnings presentation, Nov 25, 2021
Slide 1: Results Briefing for the Six Months Ended September 30, 2021
Securities ID code:6859 Results Briefing for the Six Months Ended September 30, 2021 ESPEC CORP. November 25, 202１
Slide 2: Financial Result for the Six Months Ended September 30, 2021
Financial Result for the Six Months Ended September 30, 2021 Orders-received increased substantially as the global economy continued to follow a recovery path, while net sales increased only slightly due to a shortage of electronic components. Operating profit declined because of an increase in sell
Slide 3: Summary of Profits and Losses
Summary of Profits and Losses (Millions of yen) FY 2021 FY 2020 FY 2021 Year on Year 2Q Forecasts Forecast Ratio 2Q Results 2Q Results (Published on May) Orders-Received 16,957 20,000 26,569 56.7% 32.8% Net Sales 17,294 18,500 17,568 1.6% -5.0% Cost of Net Sales 11,502 12,000 11,686 1.6% -2.6% (Cost
Slide 4: Performance by Segment
Performance by Segment (Millions of yen) FY 2020 FY 2021 FY 2021 Segment 2Q Forecasts Year on Year Forecast Ratio 2Q Results 2Q Results (Published on May) Orders-Received 13,699 16,500 22,763 66.2% 38.0% Equipment Business Net Sales 13,745 15,150 14,421 4.9% -4.8% Operating Profit 658 1,100 322 -50.
Slide 5: Analysis of Operating Profit Increase and Decrease Factor
Analysis of Operating Profit Increase and Decrease Factor Equipment Business Service Business (Millions of yen) Other Business 122 -142 230 -208 32 -100 -118 140 -41 53 -29 Packing and freight costs Salaries and allowances -54 development expenses Research and Travel expenses Commission fee Deprecia
Slide 6: Statement of Assets and Liabilities
56,961 September 30, (Millions of yen) 5 2021 -1,436 Liabilities and Net assets Net assets 99 Noncurrent liabilities -1,646 177 Other current liabilities -352 Electronically recorded obligations-operating -133 Notes and accounts payable-trade March 31, Statement of Assets and Liabilities 2021 58,607
Slide 7: Statements of Cash Flows
-963 6 (Millions of yen) Decrease in funds Effect of exchange rate change 57 on cash and cash equivalents -2,280 Total financial cash flow -272 Other -1,066 Purchase of treasury shares -941 Cash dividends paid -1,085 Total investment cash flow 210 Other Purchase of shares of subsidiaries -449 -846 r
Slide 8: Equipment Business
Equipment Business (Millions of yen) FY 2021 FY 2020 FY 2021 Year on Year 2Q Forecasts Forecast Ratio 2Q Results 2Q Results (Published on May) Orders-Received 13,699 16,500 22,763 66.2% 38.0% Net Sales 13,745 15,150 14,421 4.9% -4.8% Operating Profit 658 1,100 322 -50.9% -70.7% [Profit Ratio(%)] ［4.
Slide 9: Service Business
Service Business (Millions of yen) FY 2021 FY 2020 FY 2021 Year on Year 2Q Forecasts Forecast Ratio 2Q Results 2Q Results (Published on May) Orders-Received 2,879 3,100 3,334 15.8% 7.5% Net Sales 2,592 2,950 2,948 13.7% -0.1% Operating Profit 58 150 171 195.1% 14.0% [Profit Ratio(%)] ［2.2%］ ［5.1%］ ［
Slide 10: Other Business
Other Business (Millions of yen) FY 2020 FY 2021 FY 2021 2Q Forecasts Year on Year Forecast Ratio 2Q Results 2Q Results (Published on May) Orders-Received 502 550 610 21.4% 10.9% Net Sales 1,073 550 316 -70.5% -42.5% Operating Profit 16 -50 -99 ー ー [Profit Ratio(%)] ［1.5%］ [-9.1%] [-31.5%] Environme
Slide 11: Breakdown of Sales by Market
Breakdown of Sales by Market Other markets その他市場 Non-consolidated (Equipment business) Automobile market 自動車市場 Flat panel display market ﾌﾗｯﾄﾊﾟﾈﾙﾃﾞｨｽﾌﾟﾚｲ市場 Electronic device and equipment market 電子部品・電子機器市場 Semiconductor market 半導体市場 100% 30 30 29 25 29 80% 17 16 60% 20 19 23 4 4 4 3 3 40% 36 36 36
Slide 12: Sales by Region
Sales by Region FY 2020 2Q FY 2021 2Q Overseas sales ratio： 48.2% Overseas sales ratio： 53.3% 2.5% 1.9% 18.1% 21.8% Taiwan China 4.2% South Korea 46.7% FY 2021 FY 2020 51.8% 2Q 2Q 4.9% Europe&America 14.5% Southeast Asia Other 17.1% Japan 7.5% 1.5% 6.1% 1.4% Total: 17,294 million yen Total: 17,568 m
Slide 13: Full-Year Forecasts for Fiscal 2021
Full-Year Forecasts for Fiscal 2021 FY 2020 FY 2021 (Millions of yen) Full Year First half Forecast(Only orders-received were revised) Results Results Second Half Full Year Year on Year Orders-Received 37,580 26,569 24,231 50,800 35.2% Net Sales 38,668 17,568 24,632 42,200 9.1% Gross Profit 13,412 5
Slide 14: Equipment Business: Recognition of the Operating Environment
Recognition of the Operating Environment ・The economic environment is expected to remain favorable. The Company aims to achieve global growth mainly in advanced technologies such as 5G and IoT, electrification of automobiles, and automated driving. ・The slowdown in the Chinese economy, prolonged dif
Slide 15: Main Initiatives in the Second Half and Onward
Main Initiatives in the Second Half and Onward Equipment Business ・Conduct global marketing targeting the 5G and IoT markets ・Strengthen customization and enhance environmental factor technologies Area Strategy Japan: Expand sales to the 5G and IoT, and automotive markets China: Expand sales to the
Slide 16: Segment Financial Forecasts
Segment Financial Forecasts FY 2020 FY 2021 (Millions of yen) Full year First half Forecast(Only orders-received were revised) Results Results Second half Full year Year on Year Orders-Received 30,755 22,763 20,037 42,800 39.2% Equipment Business Net Sales 30,669 14,421 20,179 34,600 12.8% Operating
Slide 17: FY 2021 Dividend Forecast
FY 2021 Dividend Forecast Basic policy on profit distribution We recognize that passing on profits to our shareholders is a key priority and that raising corporate value on a lasting basis is fundamental to raising shareholder value. Dividends are decided taking into account sustainability and the d
Slide 18: Main Initiatives for ESG
Main Initiatives for ESG ■E(Environment) ・Replaced approximately 70% of all electric power consumed by the ESPEC Group with renewable energy Replaced 100% of electric power used in the laboratory testing services with renewable energy (January, 2020–April, 2021) ・Score of B on initial participation
Slide 19: Support early commercialization of next-generation batteries via SoftBank Battery Lab
ＴＯＰＩＣＳ (June, 2021) Support the early commercialization of next-generation batteries through the SoftBank Next-generation Battery Lab ・In June 2021, the Battery Lab opened in the ESPEC Battery Safety Testing Center in Utsunomiya City. ・ESPEC’s constant-temperature chambers for charging and dischargi
Slide 20: External Recognition
External Recognition November, 2021 ・Rated 3 stars in Nikkei’s 5th Smart Work Management Survey ・Rated 3.5 stars in the Nikkei SDGs Management Survey 2021 October, 2021 ・Ranked 169th in the Nikkan Kogyo Shimbun’s Corporate Power Ranking (sponsored by the Ministry of Economy, Trade and Industry) Febr
Slide 21: Forward-looking statements and inquiries
These materials contain forward-looking statements, including the Company’s present plans and forecasts of performance, that reflect the Company’s plans and forecasts based on the information presently available. These forward-looking statements are not guarantees of future performance, and plans, f
Slide 22: Quality is more than a word
Quality is more than a word ESOEC ESPEC CORP.