Oki Electric Industry Company, Limited · TSE:6703

Oki Electric Industry — Q1 FY2020 Earnings Presentation

11 slides from Oki Electric Industry's earnings presentation, Jul 30, 2020

  1. 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. n

  2. Slide 2: Net sales decreased ¥26.2 billion to ¥81.4 billion

     Net sales decreased ¥26.2 billion to ¥81.4 billion. Large-scale projects related to networks for telecom carriers and large- scale replacement demand for some government agencies, which were seen in the previous fiscal year, have run their course. We transferred the business of a subsidiary in Bra

  3. Slide 3: Segment sales: Solution Systems and Components & Platforms

     As a result of the change in the organizational structure on April 1, the business management units and disclosure segments were changed. The former ICT business segment has been integrated into the Solution Systems, while the former Mechatronics Systems, Printers, and EMS have been integrated int

  4. Slide 4: Segment operating income for Solution Systems and Components & Platforms

     Operating income for Solution Systems decreased ¥0.8 billion to ¥1.7 billion. The main reason for the decrease was a decrease in sales, and there was no significant increase in expenses or deterioration in sales composition.  Operating loss for Components & Platforms deteriorated ¥2.0 billion to

  5. Slide 5: Operating income decreased due to a significant decrease in sales volume

     Overall, operating income decreased due to a significant decrease in sales volume.  As for fixed costs, we reviewed all costs, including the reduction of printer sales investment, and tried to reduce them, but could not make up for them. 5

  6. Slide 6: No major changes in the composition of assets and liabilities

     There are no major changes in the composition of assets and liabilities.  Total assets decreased by ¥21.2 billion from the end of the previous fiscal year to ¥351.3 billion. Shareholders’ equity decreased by ¥7.7 billion to ¥98.5 billion. As a result, shareholders’ equity ratio was 28.0% and the

  7. Slide 7: Free cash flow was a net inflow of ¥12.5 billion

     Free cash flow was a net inflow of ¥12.5 billion, almost unchanged from the previous year.  Cash equivalents remained at an appropriate level of ¥52.1 billion. 7

  8. Slide 8: The results forecast for fiscal 2020

     The results forecast for fiscal 2020 is as shown.  Solution Systems are affected by the review of sales standards in the previous fiscal year and by a decrease in large-scale projects. In the social infrastructure area, strong demand continues in the aviation sector, and in the network area, for

  9. Slide 9: Infectious diseases impact and structural reforms

     We believe that infectious diseases have a major impact on the short-term performance of our overseas hardware business. On the other hand, however, when we think about adapting to a New Normal social structure, we recognize that it is essential to carry out further drastic structural reforms, and

  10. Slide 10: 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. ¢

  11. Slide 11: Open up your dreams

    Open up your dreams

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