Slide 1: Consolidated Performance Briefing FY2024 3Q
SUMIDA CORPORATION Consolidated Performance Briefing <FY2024 3Q ended September 30, 2024> October 31, 2024
Slide 2: Contents
Contents Page 1. Financial Results (FY2024 3Q ended Oct. 30, 2024) 3 2. Appendices 15 Topics 16 Products / Business Summary 17 Supplementary Financial Data 19 Trends of Dividend 26 Links 28 [Note on translation] This is a translation of the original Japanese document and provided for informational p
Slide 3: Financial Results for the 3rd Quarter of FY2024
Financial Results for the 3rd Quarter of FY2024 Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 3
Slide 4: Revenue & Operating Profit
Revenue & Operating Profit (100 million JPY) -3.3% ⚫ Challenging conditions have persisted since the beginning of the year, with the tightening of EV 377.1 367.3 367.5 364.7 subsidies, interest rates remaining high in the US 363.1 and Europe, a slowing Chinese economy and other factors. ⚫ Operating
Slide 5: Revenue by Market & by Region
Revenue by Market & by Region (100 million JPY) Automotive +2.6% Asia (excl. China/Taiwan) China/Taiwan 220.0 225.8 88.4 +2,8% 91.0 FY23.3Q FY24.3Q 64.2 -11.8% 56.6 Industrial -16.９% FY23.3Q FY24.3Q FY23.3Q FY24.3Q 103.7 86.2 North America/Others Europe FY23.3Q FY24.3Q 161.6 -9.7% 146.0 CE* 62.7 +13
Slide 6: Green Energy-related Revenue
Green Energy-related Revenue FY23 FY24 3Q 4Q 1Q 2Q 3Q Actual Actual Actual Actual Actual YoY QoQ (A) (B) (C) (C/A) (C/B) xEV – Automotive M.JPY 5,061 5,271 4,857 5,059 5,478 +8.2% +8.3% xEV – Industrial M.JPY 1,877 2,272 2,621 2,876 2,811 +49.7% +2.3% (Quick charger for xEV, etc.) Others M.JPY 2,633
Slide 7: Outlook for 4Q Onward
Outlook for 4Q Onward Short-term Outlook: Action Plan Comparison Between 4Q and 3Q ⚫ Market environment would be even more challenging, with a (Improving the breakeven point) year-end drop in demand already factored. ⚫ Accelerate the control of indirect manufacturing costs ⚫ Gradual expansion of xEV
Slide 8: Consolidated Statement of Profit or Loss
Consolidated Statement of Profit or Loss FY23 FY24 FY23 FY24 FY24 3Q 2Q 3Q 1Q-3Q 1Q-3Q Actual Actual Actual YoY QoQ Actual Actual YoY Guidance*1 Progress (A) (B) (C) (C/A) (C/B) (D) (E) (E/D) (F) (E/F) Revenue M.JPY 37,718 36,752 36,469 -3.3% -0.8% 110,933 109,536 -1.3% 148,700 73.7% Operating Profi
Slide 9: Operating Profit Bridge Analysis – FY24.3Q vs FY23.3Q
Operating Profit Bridge Analysis – FY24.3Q vs FY23.3Q - (million yen) One-off Item EU Short-time Ex-rate Provision for work Impact Compensation 169 52 for quality of Efficiency Automotive- 232 related products 654 FY23.3Q Operating Profit Revenue 2,176 Decrease -865 FY24.3Q Increase in Others Operat
Slide 10: Operating Profit Bridge Analysis - 2024.3Q vs 2024.2Q
Operating Profit Bridge Analysis - 2024.3Q vs 2024.2Q - (million yen) EU FY24.3Q Short-time Others Operating Profit Decrease in Efficiency 139 Decrease in work 1,773 Wage 34 Manufacturing 42 Overheads 64 170 Increase in Revenue Ex-rate Increase in Material Cost Increase Impact fixed costs -78 300 -3
Slide 11: Operating Profit Bridge Analysis - FY24.1Q~3Q vs FY23.1Q~3Q
Operating Profit Bridge Analysis - FY24.1Q~3Q vs FY23.1Q~3Q - (million yen) EU One-off Item Shot-time Decrease in Ex-rate work Material Cost Provision for Impact 289 44 Compensation 552 for quality of Efficiency Automotive- 753 FY23.1Q-3Q related products Operating Profit 654 7,415 FY2023.2Q Revenue
Slide 12: Quarterly Revenue/Operating Profit
Quarterly Revenue/Operating Profit Revenue (million yen) 1Q 2Q 3Q 4Q 40,000 40,000 40,000 40,000 30,000 30,000 30,000 30,000 20,000 20,000 20,000 20,000 10,000 10,000 10,000 10,000 0 0 0 0 FY19 20 21 22 23 24 FY19 20 21 22 23 24 FY19 20 21 22 23 24 FY19 20 21 22 23 24 Operating Profit 1Q 2Q 3Q 4Q 4,
Slide 13: Consolidated Statements of Financial Position
Consolidated Statements of Financial Position FY23 FY24 Change Dec.31 Sep.30 Current Assets M.JPY 67,648 68,227 579 Cash & Cash Equivalents M.JPY 3,107 4,750 1,642 Trade & Other Receivables M.JPY 28,324 28,185 -139 Inventories M.JPY 29,209 28,073 -1,135 Others M.JPY 7,006 7,218 211 Non-current Asset
Slide 14: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows FY23.1Q-3Q FY24.1Q-3Q Change Cash flows from operating activities M.JPY 13,650 10,495 -3,154 Profit before Taxes M.JPY 5,469 1,684 -3,784 Depreciation and Amortization M.JPY 6,792 8,275 1,482 Net Working Capital M.JPY 3,264 1,074 -2,190 Others M.JPY -1,876 -538 1
Slide 15: Appendices
Appendices Reference Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 15
Slide 16: Notice of Start of Operations at a New Plant of Sumida Electric (Thailand)
Notice of Start of Operations at a New Plant of Sumida Electric (Thailand) Co., Ltd. 1. Overview of the New Plant 2. Purpose for Opening the New Plant Name Sumida Electric (Thailand) Co., Ltd. The Wang Noi Plant was developed and brought online due to an increase in order volume for medical device-r
Slide 17: Business Portfolio
Business Portfolio Consumer Automotive Electronics (CE) Wireless Charging LCD TVs Digital LED Lighting EV Wireless Charging Filter DC-DC converter System Still Cameras Quick Chargers For EV Modules for HVDC （Smart phones/Tablet PCs） Automotive Industrial CE Air-Conditioners Game Consoles Printers Ho
Slide 18: SUMIDA products around you
SUMIDA products around you Mobile phone chargers AED (automated external defibrillator) Solar energy Automobiles Automobiles (Keyless Entry System) Automobiles (xEV powertrains) (ABS: anti-lock braking system) Copyright© 2024 SUMIDA CORPORATION. All rights reserved. 18
Slide 19: Revenue (Market Segment / Green Energy-related)
Revenue (Market Segment / Green Energy-related) FY23.12 FY24.12 FY23.12 FY24.12 Green Q3 Q2 Q3 Q1-Q3 Q1-Q3 Energy- related Actual Actual Actual YoY QoQ Actual Actual YoY (A) (B) (C) (C/A) (C/B) (D) (E) (E/D) Revenue M.JPY 37,718 36,752 36,469 -3.3% -0.8% 110,933 109,536 -1.3% Automotive M.JPY 22,007
Slide 20: Days Inventory Outstanding (DIO)
Days Inventory Outstanding（DIO) （Days） 90 89 88 88 87 87 86 84 84 82 82 79 80 78 76 FY23.1Q FY23.2Q FY23.3Q FY23.4Q FY24.1Q FY24.2Q FY24.3Q Closing Exchange Rate USD / JPY 133.13 144.85 148.77 141.51 151.43 160.93 142.36 EUR / JPY 144.90 157.23 157.97 156.54 163.36 172.14 159.05 CNY / JPY 19.37 19.9
Slide 21: Capex, Depreciation, R&D Expenses
Capex, Depreciation, R&D Expenses (million yen) FY23.3Q FY24.3Q FY24 Accumulate Accumulate Plan Capex 6,599 6,080 10,000 Depreciation 6,792 8,275 9,944 R&D expenses 3,728 4,070 5,868 Capex Depreciation R&D expenses 10,000 10,000 10,000 8,000 8,000 8,000 6,000 6,000 6,000 4,000 4,000 4,000 2,000 2,00
Slide 22: Quarterly Revenue by Business Segment
Quarterly Revenue by Business Segment FY23 FY24 FY23 FY24 3Q 2Q 3Q 1Q-3Q 1Q-3Q Actual Actual Actual YoY QoQ Actual Actual YoY (A) (B) (C) (C/A) (C/B) (D) (E) (E/D) Asia Pacific business M.JPY 22,440 22,880 22,654 +1.0% -1.0% 66,845 66,799 -0.1% Europe business M.JPY 15,277 13,871 13,815 -9.6% -0.4%
Slide 23: Exchange Rate Sensitivity
Exchange Rate Sensitivity （Reference） FY2024.3Q FY2024 Forecast*3 Currency Sensitivity for Exchange Rate*1 Fluctuation Expected Operating profit*2 Exchange Rate JPY - M.JPY JPY USD 152.61 1 yen (weak) 55 160.11 EUR 166.14 1 yen (weak) 9 171.38 CNY*4 21.12 0.1 yen (weak) -29 21.95 *1 Exchange Rate:
Slide 24: Quarterly Revenue by Market
Quarterly Revenue by Market (million yen) Automotive Industrial Consumer Electronics 25,000 22,905 22,886 22,583 22,540 22,008 20,000 15,000 10,375 9,634 9,360 10,000 8,857 8,625 5,336 5,355 5,261 5,000 4,201 4,066 0 FY23.3Q FY23.4Q FY24.1Q FY24.2Q FY24.3Q FY23.3Q FY23.4Q FY24.1Q FY24.2Q FY24.3Q FY2
Slide 25: Quarterly Revenue by Destination
Quarterly Revenue by Destination (million yen) Japan/ Europe China/Taiwan Asia (excl. China/Taiwan) North America/Others 16,000 14,943 14,332 14,388 13,700 14,000 13,314 12,000 10,000 9,464 9,106 8,320 8,318 8,404 8,381 8,112 7,842 8,000 6,953 7,143 6,937 6,268 6,207 5,950 5,910 6,000 4,000 2,000 0
Slide 26: Trends of Dividend
Trends of Dividend JPY/Share Trends of Dividend 60.0 53.0 51.0 50.0 47.0 40.0 30.0 28.0 20.0 9.0 10.0 0.0 FY2020 FY2021 FY2022 FY2023 FY2024 1Q JPY/Share - 3.0 - - - Interim JPY/Share - 3.0 14.0 23.0 26.0 3Q JPY/Share - 11.0 - - - Year-end JPY/Share 9.0 11.0 33.0 28.0 (27.0) Total JPY/Share 9.0 28.0
Slide 27: Dividend Policy
Dividend Policy Policy on Determination of Dividends of Surplus The Company’s basic policy for the return of profits to shareholders is to deliver dividends in consideration of a consolidated dividend payout ratio (30% or more) with top priority on the profit distribution through dividends. When it
Slide 28: Links
Links 中期経営計画説明資料 2024-2026 Mid-Term Business Plan 2024-2026 JP EN 個人投資家向け会社説明会資料 Briefing Session for Individual Investors JP EN スミダESGレポート SUMIDA ESG Report JP EN ESG Data ESG Data JP EN TCFDに基づく情報開示 Climate-related Financial Disclosure based on TCFD JP EN コーポレートガバナンス報告書 Corporate Governance Report
Slide 29: Disclaimer Regarding Forward-Looking Statements
Disclaimer Regarding Forward-Looking Statements The statements contained in this document include forward-looking statements about the Company. These forward-looking statements are based on information currently available to the Company. Please note that actual results may differ from these forward-
Slide 30: Global | Speed | Focus Sumida
Global | Speed | Focus @®sumida