Harada Industry Co., Ltd. · TSE:6904
Harada Industry — Q2 FY2023 Earnings Presentation
21 slides from Harada Industry's earnings presentation, Dec 11, 2023
Slide 1: Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2024
Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2024 Harada Industry Co., Ltd. December 11, 2023 Securities Code: 6904 https://www.harada.com
Slide 2: Contents
Contents |. Corporate Overview 1. Corporate Profile 2. Global Network 3. Major Products IL. Financial Results for 2Q FY2023 (Consolidated) 1. Net Sales Trend 2. Summary of 2Q Consolidated Statement of Income 3. Summary of 2Q Consolidated Balance Sheet 4. Sales Breakdown by Reportable Segments 5. Con
Slide 3: I. Corporate Overview
|. Corporate Overview HARADA
Slide 4: 1. Corporate Profile
1. Corporate Profile ◆ Established March 1958 ◆ Headquarters Omori Bellport B-4F, 26-2 Minami-Ohi, 6-Chome Shinagawa- ku, Tokyo, Japan ◆ Capital Stock 2,019 million yen ◆ Consolidated Overseas: 10 Subsidiaries (Sales Companies: U.S.A., U.K., Thailand, etc.) (Plants: China, Philippines, Vietnam and M
Slide 5: 2. Global Network
2. Global Network UK Birmingham US China Detroit Germany Dalian Cologne China Japan Shanghai Tokyo, etc. Thailand Bangkok Philippines Mexico Taiwan Queretaro Cavite Vietnam Dong Nai Singapore Sales R&D Manufacturing Other 5
Slide 6: 3. Major Products 1
3. Major Products 1 LPA (Low Profile Antenna) Support for multi- band antennas including: Cellular 4G-LTE, DSRC V2X, GNSS and Broadcasting (AM, FM, DAB and SDARS). Rod Type Antenna Support for multi- band antennas including: Cellular 4G-LTE, DSRC V2X, GNSS and Broadcasting (AM, FM, DAB and SDARS). I
Slide 7: 3. Major Products 2
3. Major Products 2 Amplifier for Screen Type Antenna Film Antenna for DTV Integrated Type (Hidden) Antenna Setting location: plastic roof panel, into spoiler, trunk lid or bumper. Support for multi-band antennas including: Cellular 4G-LTE, DSRC V2X, GNSS and Broadcasting (AM, FM, DAB and SDARS). 7
Slide 8: 3. Major Products 3
3. Major Products 3 Coaxial Cables Connecting antennas and audio units. Routing design, design and development to in-house manufacturing and assembly of components. CCA (Copper Clad Aluminum) Cables The core of braided wire uses aluminum while copper cladded on the outer that enables lighter weight,
Slide 9: II. Financial Results for 2Q FY2023 (Consolidated)
II. Financial Results for 2Q FY2023 (Consolidated) The consolidated cumulative period for the second quarter is from April to September for the Company and from January to June for overseas consolidated subsidiaries. 9
Slide 10: 1. Net Sales Trend
1. Net Sales Trend 250 Europe North and Central Americas Asia Japan (Hundred millions of yen) 227 211 215 213 211 198 203 34 200 23 22 20 23 196 19 21 182 28 26 66 62 71 150 74 64 66 65 139 58 14 49 100 57 46 39 39 58 52 54 53 41 44 32 50 72 75 82 60 59 64 68 61 67 52 0 2Q FY2014 15 16 17 18 19 20 2
Slide 11: 2. Summary of 2Q Consolidated Statement of Income
2. Summary of 2Q Consolidated Statement of Income (Millions of yen) 2Q FY2022 2Q FY2023 Increase Previous Current Main factors year year or in increase or decrease Composition Composition decrease ratio (%) ratio (%) - Japan: 1,450 19,636 22,762 - Asia: (268) (currency effect: 225) Net sales 3,126 -
Slide 12: 3. Summary of 2Q Consolidated Balance Sheet
3. Summary of 2Q Consolidated Balance Sheet (Millions of yen) FY2022 Component 2Q FY2023 Component Increase Previous ratio Current ratio or year (%) year (%) decrease Current assets 29,708 74.0% 28,199 73.2% (1,508) Non-current assets 10,423 26.0% 10,308 26.8% (114) Total assets 40,131 100.0% 38,507
Slide 13: 4. Sales Breakdown by Reportable Segments
4. Sales Breakdown by Reportable Segments 2Q FY2022 Europe Previous year (Millions of yen) 14.3% Previous Current Japan North and 34.6% year year Central Americas Increase Impact of Asia 2Q 2Q Net 29.8% or foreign 21.3% FY2022 FY2023 change decrease exchange Japan 6,788 8,238 1,450 － 1,450 Asia 4,17
Slide 14: 5. Consolidated Cash Flow Trend
5. Consolidated Cash Flow Trend (Millions of yen) 4,000 3,000 Cash flows from operating activities Cash flows from investing activities 2,000 Cash flows from financing activities 1,000 0 (1,000) (2,000) (3,000) (4,000) (5,000) (6,000) 2Q FY2014 15 16 17 18 19 20 21 22 23 Current year 2Q FY2014 15 16
Slide 15: 6. Depreciation Trend / 7. Research and Development Expense Trend
6. Depreciation Trend (Millions of yen) 800 700 668 560 592 600 528 548 499 487 500 410 430 421 400 300 200 100 0 2Q FY2014 15 16 17 18 19 20 21 22 23 7. Research and Development Expense Trend (Millions of yen) 1,000 821 800 764 759 717 656 667 639 600 494 517 464 400 200 0 2Q FY2014 15 16 17 18 19
Slide 16: 8. Number of Employees
8. Number of Employees 1 (People) 8,000 6,000 5,396 5,128 4,705 4,835 4,667 4,315 4,370 4,411 4,336 4,380 4,000 2,000 0 2Q FY2014 15 16 17 18 19 20 21 22 23 8. Number of Employees 2 (Regional Breakdown) (People) 8,000 Japan Asia North and Central Americas Europe 6,000 48 48 47 45 49 49 32 31 46 28 1
Slide 17: 9. Foreign Exchange Rate Trend
9. Foreign Exchange Rate Trend Current Rate US$ Stg.£ RMB (Yen) 350 24 19.73 20.38 19.95 300 21 16.32 15.46 16.49 16.66 17.11 18 250 15.69 15.23 192.80 182.98 15 200 172.63 165.67 145.77 144.48 153.06 138.32 136.62 132.52 12 150 9 100 136.69 144.99 122.49 112.00 110.54 110.55 6 101.37 102.88 107.79
Slide 18: Reference
Reference HARADA 18
Slide 19: 1. Automobile Manufacturing Trend (Results and Forecasts)
1. Automobile Manufacturing Trend (Results and Forecasts) Japan Asia （Thousands） 50,000 （Thousands） 11,000 45,485 10,000 45,000 9,000 40,000 40,441 8,000 7,265 35,000 8,533 7,000 30,000 6,000 25,000 5,000 20,000 2021 2022 2023 2024 2025 2026 2027 2021 2022 2023 2024 2025 2026 2027 North and Ce
Slide 20: 2. Crude Oil, WTI Price Trend / 3. Copper Price Trend
2. Crude Oil, WTI Price Trend (US$/bbl) 120.00 100.00 80.00 60.00 40.00 20.00 0.00 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 3. Copper Price Trend (US$/mt) 12,000.00 10,000.00 8,000.00 6,000.00 4,000.00 2,000.00 0.00 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 20
Slide 21: HARADA
HARAD Automotive Antenna Authority