Kaga Electronics Co., Ltd. · TSE:8154
Kaga Electronics — Q1 FY2022/3 Earnings Presentation
24 slides from Kaga Electronics's earnings presentation, Aug 5, 2021
Slide 1: KAGA ELECTRONICS Consolidated Financial Results for Q1 FY March 2022
For Institutional Investors/Analystssts KAGA ELECTRONICS Consolidated Financial Results for the First Quarter of the Fiscal Year ending March 2022 加賀電子株式会社 KAGA ELECTRONICS CO., LTD. CO., LTD. August 5, 2021 TSE 1st section 8154
Slide 2: Summary of Financial Results for the First Quarter Ended June 30, 2021
Summary of Financial Results for the First Quarter Ended June 30, 2021 Net sales increased, driven by the electronic components business as manufacturing activity recovered. Operating income and ordinary income increased significantly, thanks FY2022/3 to higher gross profit resulting from higher
Slide 3: Financial Highlights for FY2022/3 1Q
Financial Highlights for FY2022/3 1Q （million yen） FY2021/3 FY2022/3 FY2022/3 Progress 1Q Results 1Q Results YoY Forecasrt rate （announced on May 13, 2021） Net Sales 84,130 105,949 25.9% 470,000 22.5% Gross Profit 9,997 11.9% 13,550 12.8% 35.5% - - - SG&A 8,341 9.9% 9,098 8.6% 9.1% - - - Operating i
Slide 4: Financial Results by Business Segment for FY2022/3 1Q
Financial Results by Business Segment for FY2022/3 1Q （million yen） FY2021/3 FY2022/3 1Q Results 1Q Results YoY Electronic Net sales 68,196 90,624 32.9% Component Segment income 1,185 1.7% 3,699 4.1% 212.0% Information Net sales 12,537 10,636 -15.2% Equipment Segment income 583 4.7% 568 5.3% -2.6% N
Slide 5: Effect of M&A (FY2022/3 1Q Results)
Effect of M&A (FY2022/3 1Q Results) ※ FY2021/3 1Q results of EXCEL do not include results of group companies whose accounting period ends in December. Net Sales Gross profit / Gross profit margin Sales increased for all three companies; in FY2021/3 1Q, Income was up owing to higher sales and EXCEL's
Slide 6: Effect of M&A (FY2022/3 1Q Results) Reference
Reference Effect of M&A (FY2022/3 1Q Results) (After adjustment of results of EXCEL's overseas subsidiaries) (Million Yen) EXCEL, which was consolidated in April 2020, has overseas subsidiaries that conduct settlement in December. Gross profit / Gross profit margin The results for FY2021/3 1Q (Janua
Slide 7: FY2022/3 1Q Results by company
FY2022/3 1Q Results by company (million yen ) FY2021/3 FY2022/3 1Q Results 1Q Results YoY Net sales 52,493 60,115 14.5% Kaga Electronics Gross Profit 7,442 14.2% 9,588 16.0% 28.8% operating income 1,870 3.6% 3,719 6.2% 98.8% Net sales 29,172 32,145 10.2% Kaga FEI Gross Profit 2,328 8.0% 3,009 9.4% 2
Slide 8: Financial Highlights: Electronic Component Segment
Financial Highlights: Electronic Component Segment （million yen） Net sales/Segment income YoY / Net Sales Net Sales +22,427million Yen 32.9％Up 106,750 Segment income +2,514million Yen 212.0％UP 500 0 / Segment income The components sales business was solid owing 100 000 450 0 90,624 to a recovery
Slide 9: Financial Highlights: Information Equipment Segment
Financial Highlights: Information Equipment Segment （million yen） Net sales/Segment income YoY 14,451 / Net Sales 300 0 Net Sales -1,901million yen 15.2％Down 140 00 / Segment income Segment income -14million yen 2.6％Down 12,537 250 0 The sale of PCs to educational institutions and the sale of PC
Slide 10: Balance Sheet Main Items
Balance Sheet Main Items (Million Yen) Total assets Total liabilities and net assets 237,004 228,819 237,004 228,819 -8,185 -8,185 207,638 207,638 141,942 131,738 Total liabilities -10,204 121,388 200,179 191,834 Current assets -8,344 174,331 Total net assets 97,081 95,062 +2,018 86,250 Non-current
Slide 11: Balance Sheet Main Items
Balance Sheet Main Items （million Yen,day） Inventories Accounts receivable/Accounts payable 70, 000 160 ,000 93.7 100 .0 42.9 A/R turnover 50. 0 75.2 79.0 32.8 Inventory turnover 26.3 80. 0 140 ,000 60, 000 79.8 A/P turnover 49,985 60. 0 +12,037 120 ,000 64.6 60.9 108,394 50, 000 0.0 92,012 40. 0 91
Slide 12: Balance Sheet Main Items
Balance Sheet Main Items （million yen） Cash and Deposits/Interest Bearing Debt 0.42 （times） 70, 000 0.37 0.43 0.5 0 D/E ratio -0.00 -0.08 60, 000 -0.19 0.0 0 Net D/E ratio 45,636 50, 000 -0.50 43,384 Cash and deposits 40,239 -5,397 40, 000 38,261 -1.00 39,997 +1,735 30, 000 28,736 -1.50 Interest bea
Slide 13: Forecast for the Fiscal Year ending March
Forecast for the Fiscal Year ending March （Announced on May 13, 2021) （million yen） FY2021/3 FY2022/3 Management YoY Results Forecast Targets FY2022/3 Net sales 422,365 470,000 11.3% 500,000 Operating income 11,467 2.7% 13,000 2.8% 13.4% 13,000 Ordinary income 11,241 2.7% 12,000 2.6% 6.7% ー Profit a
Slide 14: Forecasts for FY2022/3 by Segment
Forecasts for FY2022/3 by Segment （million yen） FY2021/3 FY2022/3 Results Forecasts YoY Electronic Net sales 353,454 404,000 14.3% components Segment income 8,151 2.3% 9,900 2.5% 21.5% Information Net sales 48,389 45,000 -7.0% equipment Segment income 2,482 5.1% 2,300 5.1% -7.3% Net sales 2,932 3,00
Slide 15: Segment disclosure associated with the Medium-Term Management Plan
Segment disclosure associated with the Medium-Term Reference Management Plan Continuous disclosure based on current segmentation according to legal financial accounting, along with voluntary disclosure based on segmentation in line with the new Medium-Term Management Plan Current segments Segments i
Slide 16: Business segments of Parent company and Group companies
Business segments of Parent company and Reference Group companies Electronic EMS CSI Others Components KAGA ELECTRONICS CO., LTD. Electronics Business Division ● ● (●) ● EMS Business Division ● Communication Network Sales Division ● ● ● (●) Specific Industry Business Division ● ● (●) ● Sales Promoti
Slide 17: Financial Highlights by Business Segment of the Medium-Term Management Plan
Financial Highlights by Business Segment of Reference the Medium-Term Management Plan （million yen） FY2020/3 FY2021/3 FY2022/3 YoY 1Q Results 1Q Results 1Q Results Electronic Net sales 72,105 49,740 66,124 32.9% Componens Segment income 475 44 . 1% 1,775 - Net sales 24,520 19,820 26,334 32.9% EMS Se
Slide 18: Reference
Reference 17
Slide 19: Quarterly Net Sales Trends
Quarterly Net Sales Trends （million yen） Net 売上高Sales Total 128,099 YoY ： +21,819 QoQ ： -22,149 5,969 927 105,406 105,949 104,729 14,451 4,600 4,114 4,120 Other 783 730 568 YoY ： +1,216 84,130 10,745 10,636 QoQ ： -1,848 10,654 2,904 491 Software 12,537 YoY ： ＋76 QoQ ： -359 106,750 Information equipm
Slide 20: Quarterly Segment Income Trends
Quarterly Segment Income Trends （million yen） Segment Income Total 4,452 YoY ： +2,796 QoQ ： +502 217 3,950 568 325 Other YoY ： +319 156 3,082 QoQ ： -108 2,778 112 728 20 Information equipment 137 YoY ： -14 592 131 QoQ ： -160 1,656 577 Electronic equipment 3,699 YoY ： +2,514 QoQ ： +967 583 2,732 2,33
Slide 21: Net Sales by Region
Net Sales by Region （million Yen） Net Sales YoY Japan ＋1,767 million Yen 3.3％Up 128,099 North America ＋35 million Yen 0.5％Up 105,949 Europe ＋2,021 million Yen 106.7％Up Asia ＋17,994 million Yen 83.8％Up 84,130 72,142 [56.3%] 55,101 QoQ Japan -17,040 million Yen 23.6％Down [52.0%] Japan 53,334
Slide 22: Exchange Rate/FOREX Sensitivity
Exchange Rate/FOREX Sensitivity （Reference） Effect of 1% change （million yen） Forex FY2021/3 FY2022/3 Assumption 1Q Results 1Q Results Ordinary for Net Sales （yen） （yen） income 2022/3(yen) USD 107.62 109.49 152 9 110.50 THB 3.37 3.50 46 3 3.50 RMB 15.60 16.36 61 2 15.50 HKD 13.89 14.10 56 2 14.00 21
Slide 23: Everything we do is for our customers
“Everything we do is for our customers 20 Kandamatsunagacho, Chiyoda-ku, Tokyo 101-8629 Contact: Investor Relations & Public Relations Office TEL:+81-3-5657-0106 FAX:+81-3-3254-7133 E-mail： webmaster@taxan.co.jp https://www.taxan.co.jp
Slide 24: Forward-looking statements and display method
■ Forward-looking statements in these materials are based on information available to management at the time this report was prepared and assumptions that management believes are reasonable. Actual results may differ significantly from these statements for a number of reasons. ■ Display method in th