Hoya Corporation · TSE:7741
Hoya — Q4 FY2021 Earnings Presentation
23 slides from Hoya's earnings presentation, May 8, 2022
Slide 1: HOYA Corporation Q4 FY2021 Earnings Presentation
HOYA Corporation Q4 FY2021 Earnings Presentation May 6, 2022 © 2022 HOYA CORPORATION All Rights Reserved
Slide 2: Forward Looking Statement
Forward Looking Statement HOYA may make comments and disclose information which include forward-looking statements with respect to HOYA’s plans and future performance. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements and are bas
Slide 3: 80-Year History
80-Year History Over the 80 years since its establishment, HOYA has broadened the scope of its products and services based on its management philosophy of "contributing to a truly prosperous society in which people, society, and nature harmonize through business creation and innovation." 1988 CY2017
Slide 4: Driving Force Behind Growth
Driving Force Behind Growth A mindset of differentiation in our value chain led to products such as EUV blanks. This was the driving force behind business scope and business scale expansion. Market selection Ability to select and gauge niche markets where the company's strengths can be utilized Deve
Slide 5: HOYA's Mission
HOYA’s Mission Eye and health solutions for each life stage, and information technology essential for modern socio-economic activities by raising Quality of Life of people around the world through the provision of solutions that support our mission. • Myopia management glasses for children Supportin
Slide 6: HOYA's Vision: Innovating For a Better Tomorrow
HOYA’s Vision Innovating For a Better Tomorrow HOYA strives to create innovations for a better future for people. Over the next two decades toward the century of its founding, we will constantly pursue the creation and innovation of markets with enthusiasm in order to improve the quality of life of
Slide 7: Key Challenges: Developing Future growth businesses
Key Challenges: Developing Future growth businesses Building a business portfolio for sustainable growth, particularly the development and acquisition of new businesses that will drive growth over the next 10 to 20 years is a top priority. Market Selection Criteria • Fits with HOYA's vision & missio
Slide 8: Key Challenges: Strengthening ESG
Key Challenges: Strengthening ESG We have been making efforts to strengthen corporate governance by introducing an outside director system ahead of other Japanese companies. On the other hand, we acknowledge that we need to strengthen E (Environment) and S (Social) . Introduced outside director ESG
Slide 9: New Leadership Team
New Leadership Team Named CBDO and CSO in order to tackle the key challenges of "developing growth businesses" and "strengthening ESG." For ESG, the ESG Promotion Office was newly established. Eiichiro Ikeda Representative Executive Officer & CEO Ryo Hirooka Representative Executive Officer & CFO Au
Slide 10: Strengthen Business Development
Strengthen Business Development Product Development From Existing Businesses • Like HDD substrates developing from 2.5-inch to 3.5-inch, and blanks transitioning from DUV to EUV, finding new growth factors in existing businesses is key • We will establish an R&D structure that transcends business bo
Slide 11: Strengthening ESG: Sustainability Policy
Strengthening ESG: Sustainability Policy The Sustainability Policy was resolved at the BOD meeting held on May 6. We will roll out specific initiatives based on this policy. HOYA Group Sustainability Policy Based on our management philosophy, we will contribute to the realization of a sustainable so
Slide 12: Strengthening ESG: Timeline
Strengthening ESG: Timeline Based on the new Sustainability Policy, we will establish specific goals and formulate action plans for the materialities: 1) GHG reduction; 2) product quality and safety; 3) employee engagement; and 4) supply chain management. Mar Apr May Jun Jul Aug Sept Start new ESG o
Slide 13: What to Change and What Not to Change
What to Change and What Not to Change Not to Change To Change Business Portfolio Management Instead of deciding where to milk profits or where to invest based on its segment, we will assess each business and product independently Management system optimized for each Establish a BD framework that tra
Slide 14: Focal Points in the Medium-Term
Focal Points in the Medium-Term ■Self-evaluation of Key Items Item FY21 Actual Self-evaluation Consolidated Pretax Profit Ratio 31.9% ++ Consolidated ROE 22.1% ++ Market Share of Life Care Businesses Flat to slight - decrease Profitability of Medical Products Slight increase - While focusing on incr
Slide 15: Key Takeaways
Key Takeaways 1. Recorded solid performance despite global slowdown in economic growth. Record-high sales and profits on an annual basis 2. The Life Care business remained firm, despite some impacts from Covid. Achieved double-digit growth 3. Despite the impact of seasonality and cyclicality on HDD
Slide 16: Financial Overview
Financial Overview (¥bn) Q4 FY20 Q3 FY21 Q4 FY21 YoY QoQ Revenue 151.4 171.3 169.6 +12% -1% Pretax Profit 41.3 51.9 53.8 +30% +4% Net Profit 30.8 40.9 40.1 +30% -2% Cf. Operating Profit 43.3 53.5 48.1 +11% -10% Cf. Operating Profit 28.6% 31.3% 28.4% -0.2ppt -2.9ppt Margin • Constant currency basis:
Slide 17: Life Care
Life Care (¥bn) Q4 FY20 Q3 FY21 Q4 FY21 YoY QoQ Revenue 95.3 105.5 106.1 +11% +1% Pretax Profit 14.8 21.5 19.5 +32% -9% Cf. Operating Profit 19.0 23.2 19.8 +4% -15% Cf. Operating Profit 19.9% 22.0% 18.6% -1.3ppt -3.4ppt Margin • Constant currency basis: Revenue +7%; PTP +28% • OPM declined due to on
Slide 18: Life Care: Revenue by Product
Life Care: Revenue by Product Endoscopes [YoY +1%] Health Care Medical -Supply chain issues remained but we were able ¥106.1 106.1 bn to meet growing demand to the fullest extent possible, resulting in an increase in revenue ¥95.3 95.3 bn 27.9 IOLs [YoY +12%] 24.8 -Momentum continued in Europe and A
Slide 19: Information Technology (IT)
Information Technology (IT) (¥bn) Q4 FY20 Q3 FY21 Q4 FY21 YoY QoQ Revenue 54.7 64.3 62.3 +14% -3% Pretax Profit 27.0 31.3 30.5 +13% -2% Cf. Operating Profit 25.4 31.1 29.6 +17% -5% Cf. Operating Profit 46.4% 48.4% 47.5% +1.1ppt -0.9ppt Margin • Constant currency basis: Revenue +8%; PTP +8% 19 © 2022
Slide 20: IT: Revenue by Product
IT: Revenue by Product Imaging [YoY-2%] Electronics Imaging -Slight decrease due to a strong bounce back in the previous year ¥62.3 62.3 bn -Will identify markets to focus on which allow us to secure high profitability ¥54.7 54.7 bn 8.4 8.1 Masks & Blanks [YoY +15%] LSI -Solid growth in both EUV and
Slide 21: Highlights from the Balance Sheet & Cash Flow
Highlights from the Balance Sheet & Cash Flow Shareholder Return • Share buyback of ¥60 billion was executed in Feb and cancelled • Resolved to buyback up to an additional ¥60 bn • We will also increase dividend by ¥20 per share CAPEX * • Actual in FY21: ¥28.9 bn (YoY-¥2.4 bn) • FY22 is expected to
Slide 22: Notes
Notes ✓ Accounting standard: IFRS ✓ The fiscal year ending March 2022 is referred to as “FY21” throughout this document. ✓ Figures less than 100 million yen are rounded down. Accordingly, some discrepancies may occur among totals. Ratios are calculated using actual numbers. ✓ Operating profit is cal
Slide 23: Our New Website is Live!
Our New Website is Live! https://www.hoya.com/en/ *Please note that the URL has been changed. 23 © 2022 HOYA CORPORATION All Rights Reserved