Smk Corporation · TSE:6798
Smk — H1 FY2021 Earnings Presentation
25 slides from Smk's earnings presentation, Nov 15, 2021
Slide 1: FY2021 1st Half Investor Briefing
1/25 FY2021 1st Half Investor Briefing November 15, 2021
Slide 2: FY2021 2Q Outline of Financial Statement
2/25 FY2021 2Q Outline of Financial Statement Executive Vice President and CFO KOHEI OHGAKI
Slide 3: Consolidated 2Q Financial Results
3/25 <Consolidated> 2Q Financial Results Unit: Million yen FY2020 FY2021 Net Sales 4-9 4-9 Profit 30,000 2.4% UP 3,000 22,906 23,465 (23,600) 20,000 2,000 1,226 (200) 979 (100) 10,000 1,000 626 583 452 411 (0) 0 0 Net Sales Operating Profit Ordinary Profit Net Profit Figures in (parentheses) are ini
Slide 4: Consolidated 2Q Financial Results (by Quarter)
4/25 <Consolidated> 2Q Financial Results (by Quarter) Unit: Million yen FY2021 FY2021 FY2021 Net Sales 4-6 7-9 4-9 Profit 25,000 23,465 2,500 5.7% UP 15,000 1,500 12,060 1,226 11,405 979 951 853 487 411 5,000 500 275 126 -76 △5,000 -500 Net Sales Operating Profit Ordinary Profit Net Profit
Slide 5: Consolidated Operating Expenses
5/25 <Consolidated> Operating Expenses Unit: Million yen FY2020 FY2021 4-9 4-9 22,454 23,054 [ ]: Sales Ratio 25,000 [98.0%] [98.2%] Material costs Amount paid to subcontractors 20,000 Labor costs 10,928 46.6% 11,058 48.3% Expenses 15,000 Depreciations 381 573 2.4% 10,000 1.7% • Improved by 1.0％ 7,7
Slide 6: Consolidated Analysis of Changes in Operating Profit
6/25 <Consolidated> Analysis of Changes in Operating Profit Analysis of factors for increase/decrease Unit: Million yen of consolidated operating profit Total ［ FY2020 4-9 vs. FY2021 4-9 ］ 600 -41 million yen Operating profit for Operating previous term Decrease in profit for variable cost ratio thi
Slide 7: Consolidated Analysis of Changes in Operating Profit
7/25 <Consolidated> Analysis of Changes in Operating Profit Analysis of factors for increase/decrease Unit: Million yen of consolidated operating profit Total ［ Initial forecast vs. FY2021 4-9 ］ 600 ＋411 million yen Operating Decrease in profit for variable cost ratio this term 298 411 400 Decrease
Slide 8: Consolidated Non-operating Profit and Loss
8/25 <Consolidated> Non-operating Profit and Loss Unit: Million yen FY2020 FY2021 4-9 4-9 174 815 [ ]: Sales Ratio 1,000 [0.7%] [3.4%] Revenue from and expenditure to real estates 800 Employment adjustment subsidy 253 600 Foreign exchange profit/loss 163 400 268 107 Financial account balance 200 Oth
Slide 9: Consolidated Extraordinary Profit and Loss
9/25 <Consolidated> Extraordinary Profit and Loss 60 Unit: Million yen FY2020 FY2021 4-9 4-9 40 -31 -52 [ ]: Sales Ratio 20 Gain on sales of 20 fixed assets 10 0 Loss on sales of -22 -20 -35 fixed assets Loss on disposal of -40 -28 fixed assets -27 -60 Loss on liquidation of subsidiary -80 Profit be
Slide 10: Consolidated Segment Information
10/25 <Consolidated> Segment Information Unit: Million yen FY2021 4-9 Reporting Segment CS SCI R&D Others* TOTAL Division Division Center Total Net Sales 10,155 13,159 147 23,462 3 23,465 Operating Profit/Loss 677 -154 -112 410 0 411 FY2020 4-9 Reporting Segment CS SCI R&D Others* TOTAL Division Div
Slide 11: Consolidated Revised Financial Result Forecast
11/25 <Consolidated> Revised Financial Result Forecast Upper row: Percentage to net sales Lower row: Increase (decrease) ratio to FY2020 Forecast of consolidated operating results for FY 2021 (Full-year) Operating Disclosed on Net Sales Ordinary Profit Net Profit Profit Million yen % Million yen % M
Slide 12: Consolidated Financial Performance Trend (Full-year)
12/25 <Consolidated> Financial Performance Trend (Full-year) Unit: Million yen FY2020 FY2021 Net Sales Forecast Profit 0.1% DOWN 60,000 6,000 48,560 48,500 50,000 5,000 40,000 4,000 30,000 2,601 3,000 2,100 1,917 20,000 2,000 1,500 1,070 1,000 10,000 1,000 0 0 Net Sales Operating Profit Ordinary Pro
Slide 13: Consolidated Financial Performance Trend (Half year)
13/25 <Consolidated> Financial Performance Trend (Half year) Unit: Million yen FY2020 FY2020 FY2021 FY2021 Net Sales Profit 4-9 10-3 4-9 10-3 30,000 Forecast 3,000 25,654 25,035 22,906 23,465 20,000 1,975 2,000 1,334 1,226 979 874 10,000 1,000 626 583 618 589 411 521 452 0 0 2H Exchange Rate 1USD=11
Slide 14: Consolidated Cash Position
14/25 <Consolidated> Cash Position Unit: Million yen Mar. 2021 Sept. 2021 Differential （Ａ） （Ｂ） （Ｂ－Ａ） Assets 50,332 51,502 1,170 Cash and cash equivalents 8,799 8,380 -418 Accounts receivable 12,567 11,808 -758 Inventories 6,547 7,737 1,189 Fixed assets 21,428 22,432 1,003 Liabilities 22,580 23,175 5
Slide 15: Consolidated Cash Flow Position
15/25 <Consolidated> Cash Flow Position Unit: Million yen FY2020 4-9 FY2021 4-9 Cash flow from operating activities 1,051 1,495 Working capital -620 -802 Profit before taxes 595 1,174 Depreciation 1,035 1,372 Others 41 -249 Cash flow from investing activities -1,049 -1,010 Free cash flow 1 484 Cash
Slide 16: Annual Dividend
16/25 Annual Dividend At second At fiscal year Annual quarter end end FY2020 0.00 yen 50.00 yen 50.00 yen Result FY2021 0.00 yen ― ― Result FY2021 ― 50.00 yen 50.00 yen Forecast
Slide 17: FY2021 Prospect
17/25 FY2021 Prospect President, CEO and COO YASUMITSU IKEDA
Slide 18: Net Sales by Product Div. (FY2020-FY2021)
18/25 Net Sales by Product Div. (FY2020-FY2021) Unit: Million yen %: Compared to previous term 100% 100% 60,000 48,560 48,500 48,500 50,000 36 252 13 489 12 472 187% 40,000 28,431 27,617 27,852 98% 30,000 20,000 10,000 19,840 20,380 20,163 102% 0 FY2020 Result FY2021/Apr FY2021/Oct Initial Forecast
Slide 19: Operating Profit by Product Div. (FY2020-FY2021)
19/25 Operating Profit by Product Div. (FY2020-FY2021) Unit: Million yen Profitability (%)=Profit/Sales 2,000 2.2% 1.0% 2.1% 1,070 500 1,000 1,500 21 1,000 47 1,444 500 1,187 672 0 -72 -216 -203 -277 -3 -5 -500 -24 FY2020 Result FY2021/Apr FY2021/Oct Initial Forecast Revised Forecast Exchange rate 1
Slide 20: Reference: Net Sales by Market (FY2019-FY2021)
20/25 Reference: Net Sales by Market (FY2019-FY2021) Unit: Million yen %: Compared to 60,000 54,161 48,560 48,500 previous term 50,000 6,140 3,906 4,610 118% Industry/ 40,000 Others 17,879 14,819 17,830 120% Car 30,000 Electronics 20,000 21,369 19,199 Home 16,050 84% Appliance 10,000 8,772 10,635 10
Slide 21: FY2021 Priority Matters
21/25 FY2021 Priority Matters 1. Enhance activities to turn around sales and improve profits. 2. Accelerate new product development and acquire new business opportunities by strengthening collaboration between product and sales divisions. 3. Strengthen ESG management.
Slide 22: Approach to Healthcare Market
22/25 Approach to Healthcare Market 1. Non-contact Biometric Sensor 2. Emotion/Stress Level Unit (Consumer Use) Under Visualization Algorithm Under Development Development CLOUD Data Biometric analysis CAARESYS EchoCare sensor Improvement action Example: Non-contact measurement of heart rate/heart D
Slide 23: SMK Advanced Development Technology Show 2021
23/25 SMK Advanced Development Technology Show 2021 1. Onsite (Offline) Nov. 1–30, 2021 (reservation required) 50+ Products on display (with 14 demonstrations) <Main Products> Millimeter Wave Sensor Sensing Module EMG Sensor Monitoring Sensor Emotion Visualization Algorithm Multi Coaxial
Slide 24: Topics
24/25 Topics 1. Application for Prime Market under New Market Segments July 9, 2021 Received the results of the initial assessment of its compliance with the listing criteria of the new market segments from the Tokyo Stock Exchange, Inc. Oct 26, 2021 Resolved by the Board of Directors Meeting 2.
Slide 25: Notice
25/25 Notice All information in this material concerning the forecast of business achievements, projections of general business conditions and our business strategies is dependent on our conclusion made to a normally foreseeable extent applying information reasonably accessible to us at the time of