Fuji Electric Co., Ltd. · TSE:6504
Fuji Electric — Q1 2023 Earnings Presentation
20 slides from Fuji Electric's earnings presentation, Jul 27, 2023
Slide 1: Consolidated Financial Results for 1Q FY2023
Consolidated Financial Results for 1Q FY2023 July 27, 2023 Fuji Electric Co., Ltd. ©2023 Fuji Electric Co., Ltd. All rights reserved. 1
Slide 2: Contents
Contents 1. FY2023 1Q Results (YoY Comparison) P. 3 2. FY2023 Forecasts (Comparison with Forecasts on April 27, 2023） P. 11 3. Balance Sheet P. 14 4. Reference P. 16 ©2023 Fuji Electric Co., Ltd. All rights reserved. 2
Slide 3: 1. FY2023 1Q Results (YoY Comparison)
1. FY2023 1Q Results (YoY Comparison) ©2023 Fuji Electric Co., Ltd. All rights reserved. 3
Slide 4: Summary of Consolidated Financial Results
Summary of Consolidated Financial Results for 1Q FY2023 (YoY Comparison) New record highs for net sales, operating profit, ordinary profit, and profit attributable to owners of parent (Billion yen) FY2022 1Q FY2023 1Q Change Net Sales Net Sales 203.9 234.1 30.2 Gain on translation of earnings of ove
Slide 5: Breakdown of Changes in Operating Results
Breakdown of Changes in Operating Results for 1Q FY2023 (YoY Comparison) Higher profit, despite impacts from rising material and energy prices and fixed costs, due to increases in product selling price and sales and production volumes Increase in （Unit：Billion Yen） Increase in sales and production v
Slide 6: Net Sales and Operating Results by Segment
Net Sales and Operating Results by Segment for 1Q FY2023 (YoY Comparison) Higher net sales in all segments Growth in operating profit largely attributable to the Power Electronics Industry and Food and Beverage Distribution segments (Billion yen) FY2022 1Q FY2023 1Q Change Operating Operating Operat
Slide 7: Business Results by Segment ①
Business Results by Segment for 1Q FY2023 (YoY Comparison) ① (Billion yen) FY2022 FY2023 1Q 1Q Change Overview Energy Management Net Sales Increased by 20% Net Sales 51.3 58.0 6.8 Increase in net sales and operating results due to the recording of large-scale orders for substation equipment for indu
Slide 8: Business Results by Segment ②
Business Results by Segment for 1Q FY2023 (YoY Comparison) ② (Billion yen) FY2022 FY2023 1Q 1Q Change Overview Increase in net sales due to growth in demand for power semiconductors for electrified vehicles (xEVs). The growth in sales led to operating results being relatively unchanged, Sales 46.2 5
Slide 9: Net Sales by Japan and Overseas Area
Net Sales by Japan and Overseas Area for 1Q FY2023 (YoY Comparison) Increases in sales as reduced sales in China were compensated for by higher sales in other regions (Billion yen) (Billion yen) YoY Energy Management +1.0 FY2022 FY2023 Power Supply and +7.0 Change 1Q 1Q Facility system 234.1 +30.2 E
Slide 10: Breakdown of Changes in Amount of Orders Received by Major Components
Breakdown of Changes in Amount of Orders Received by Major Components for 1Q FY2023 (YoY Comparison) First-quarter orders of major components down, with exception of automotive semiconductors (Billion yen) YoY 283.7 272.1 -11.5 Major Components Orders Received Trend 1Q QoQ 111.9 111.9 113.2 109.1 10
Slide 11: 2. FY2023 Forecasts
2. FY2023 Forecasts （Comparison with Forecasts on April 27, 2023） ©2023 Fuji Electric Co., Ltd. All rights reserved. 11
Slide 12: Consolidated Financial Results Forecasts for six months FY2023
Consolidated Financial Results Forecasts for six months FY2023 (Comparison with Forecasts on April 27, 2023) Upward revision to forecast for six-month period ending September 30, 2023, based on current conditions (Billion yen) Six months Forecasts Six months Forecasts Assumed Exchange Rate on 2Q FY2
Slide 13: Consolidated Financial Results Forecasts for Full-year FY2023
Consolidated Financial Results Forecasts for Full-year FY2023 (Comparison with Forecasts on April 27, 2023) Changes to foreign exchange rate assumptions reflected in full-year forecast Full-year Forecasts Full-year Forecasts Assumed Exchange Rate from 2Q to 4Q FY2023 Change (April 27) (July 27) US$
Slide 14: 3. Balance Sheet
3. Balance Sheet ©2023 Fuji Electric Co., Ltd. All rights reserved. 14
Slide 15: Consolidated Balance Sheet at the End of 1Q FY2023
Consolidated Balance Sheet at the End of 1Q FY2023 (YoY Comparison) (Billion yen) Assets Liabilities and Net Assets 3/31/23 6/30/23 Change 3/31/23 6/30/23 Change Notes and account Cash and deposit 84.7 48.7 -36.0 201.6 173.2 -28.4 payables-trade Notes and account receivables-trade, 388.5 340.8 -47.7
Slide 16: 4. Reference
4. Reference ©2023 Fuji Electric Co., Ltd. All rights reserved. 16
Slide 17: Reference: Orders Received by Product
Reference ■ED&C Components 1Q 1Q amount of orders received QoQ YoY All -5% -33% Japan -7% -31% Overseas -0% -38% ■Low-voltage inverters 1Q 1Q amount of orders received QoQ YoY All -27% -37% Japan -22% -34% Overseas -29% -39% ■Semiconductor 1Q 1Q amount of orders received QoQ YoY All -10% +4% Industr
Slide 18: Reference: Forecasts for six months FY2023 (YoY Comparison)
Reference: Consolidated Financial Results Forecasts for six months FY2023 (YoY Comparison) FY2023 Forecasts FY2022 Results (July 27, 2023) Change (Billion yen) Net Sales 447.1 474.0 26.9 Operating Profit 26.7 30.0 3.3 （Operating Profit Ratio. ） （6.0%） （6.3%） （0.3%） Ordinary Profit 28.9 27.5 -1.4 Pro
Slide 19: Reference: Forecasts for Full-year FY2023 (YoY Comparison)
Reference: Consolidated Financial Results Forecasts for Full-year FY2023 (YoY Comparison) FY2023 Forecasts (Billion yen) FY2022 Results (July 27, 2023) Change Net Sales 1,009.4 1,060.0 50.6 Operating Profit 88.9 96.0 7.1 （Operating Profit Ratio. ） （8.8%） （9.1%） （0.3%） Ordinary Profit 87.8 94.5 6.7 P
Slide 20: Disclaimer notes
1.These materials are outside the scope of auditing procedures required by law, and as of the date of this results presentation, financial statement auditing procedures required by law have not yet been completed. 2. Statements made in this documents or in the presentation to which they pertain rega