Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — Q1 FY2021/3 Earnings Presentation
10 slides from Oki Electric Industry's earnings presentation, Jul 30, 2020
Slide 1: Financial Results for Q1 of the FY Ending March 31, 2021
Financial Results for Q1 of the FY Ending March 31, 2021 July 30, 2020 Oki Electric Industry Co., Ltd. © Copyright 2020 Oki Electric Industry Co., Ltd. 1
Slide 2: Summary of Financial Results
Summary of Financial Results Sales declined due to completion of large-scale projects and the impact of COVID-19. Profits worsened as sales declined. Q1 Q1 FY2021/3 FY2020/3 Variance (Billion yen) (Results) (Results) Net sales 81.4 107.6 (26.2) Operating income (loss) (1.1) 1.1 (2.2) Ordinary income
Slide 3: Segment Information (Net Sales)
Segment Information (Net Sales) Solution Systems Declined due to the completion of large-scale projects( for networks- related and some government agencies) of the previous fiscal year and the first-year impact of the expansion of the scope of application of the percentage-of-completion method in th
Slide 4: Segment Information (Operating Income/Loss)
Segment Information (Operating Income/Loss) Solution Systems Declined mainly due to the large-scale projects in the previous fiscal year Components & Platforms Declined due to sluggish sales, deterioration of sales-mix upon a decrease in consumables. Q1 Q1 FY2021/3 FY2020/3 Variance (Billion yen) (R
Slide 5: Reasons for Changes in Operating Income/Loss
Reasons for Changes in Operating Income/Loss Although some improvements were made due to a review of overall costs, changes in volume had a significant impact. (Billion yen) 1.1 Q1 (1.1) (5.5) FY2020/3 Results Reduction in Q1 production & ＋3.0 FY2021/3 procurement costs ±0.0 Results Impact of ±0.0 +
Slide 6: Balance Sheets
Balance Sheets There is no major change in the composition of each asset and liability. Total assets were reduced. Shareholders’ equity ratio decreased by 0.5 points. Jun. 2020 Mar. 2020 Variance (Billion yen) Current assets 217.5 236.7 (19.2) Fixed assets 133.8 135.7 (1.9) Assets 351.3 372.5 (21.2)
Slide 7: Cash Flows
Cash Flows Free cash flow was almost the same as the previous fiscal year. Q1 Q1 FY2021/3 FY2020/3 Variance (Billion yen) (Results) (Results) Ⅰ Cash flows from operating activities 16.0 11.2 +4.8 Ⅱ Cash flows from investing activities (3.5) 0.7 (4.2) Free cash flows (Ⅰ＋Ⅱ) 12.5 11.9 +0.6 Ⅲ Cash flows
Slide 8: Financial Forecasts
Financial Forecasts Solution Systems Decrease due to large-scale projects for networks-related and some government agencies in the previous fiscal year and the decline of the impact of the change in sales standards in the previous fiscal year. Components & Platforms Remain sluggish sales in overseas
Slide 9: Notice
Notice • The projections and plans in this material are based on information currently available to OKI as of the date of publication and certain assumptions judged as rational, therefore actual results are subject to change depending upon the changes of business environments and other conditions. •
Slide 10: © Copyright 2020 Oki Electric Industry Co., Ltd.
© Copyright 2020 Oki Electric Industry Co., Ltd. 10
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