Slide 1: Financial Results Briefing Materials
Fiscal Year 2020 (Ended February 28, 2021) Financial Results Briefing Materials April 14, 2021 FURUNO ELECTRIC CO., LTD. Cautions: This document is a translation of the Japanese original, which is authoritative. The information listed in these materials regarding the Company’s future prospects are d
Slide 2: Consolidated Income Statement
Consolidated Income Statement Increase in Gross profit even with decrease in Net sales. Significant increase in Operating income. Also investments for future growth. Year on Year Year on Year (Unit: Millions of yen) FY 2019 FY 2020 (amount) (ratio) Net sales 83,066 82,255 -811 -1.0% Gross profit 28,
Slide 3: Analysis of Increase/Decrease in Net Sales
Analysis of Increase/Decrease in Net Sales Decrease in Sales for Marine Business and Industrial Business. Significant increase in Sales for Wireless LAN Systems. (Unit: 100 Millions of Yen) 880 Wireless 860 LAN America Systems 840 +2.7 +44.1 Other 820 Regions +1.7 Others 800 Japan -11.7 Europe +0.6
Slide 4: Analysis of Increase/Decrease in Gross Profit on Sales
Analysis of Increase/Decrease in Gross Profit on Sales Increase in Gross profit on sales mainly due to increase in Profit for Wireless LAN Systems and the result of Business Structure Improvement. (Unit: 100 Millions of Yen) 330 Wireless LAN Systems 310 +26.6 Net Sales Increase in Business Marine Bu
Slide 5: Analysis of Increase/Decrease in Operating Income
Analysis of Increase/Decrease in Operating Income Increase in Operating income due to increase in Gross profit on sales and decrease in Expenses. (Unit: 100 Millions of Yen) 60 Decrease in Expenses 50 R&D Expenses +1.4 Increase in Foreign Exchange Industrial Business Impact on SG&A -2.0 Expenses 40
Slide 6: Overview of Marine Business
Overview of Marine Business “100M” stands for 100 Million Marine Business Consolidated Sales (by Region) Marine Business: (Unit: 100 Millions of Yen) Net Sales 629 100M yen (-6.4% year on year) 800 ■Japan 日本 ■America 米州 ■Europe 欧州 ■Asia ■Other アジア その他 Segment Profit 7.4 100M yen (-12.2 100M yen) S
Slide 7: Overview of Industrial Business
Overview of Industrial Business “100M” stands for 100 Million Industrial Business Consolidated Sales (by Product) Industrial Business: (Unit: 100 Millions of Yen) Net Sales 108 100M yen (-6.7% year on year) 140 ■PNT PNT ■Healthcare ヘルスケア ■Other産業用その他 Industrial Segment Profit 3.2 100M yen (+6.0 100M
Slide 8: Overview of Wireless LAN Systems
Overview of Wireless LAN Systems Wireless LAN Systems Consolidated Sales (Unit: 100 Millions of Yen) “100M” stands for 100 Million 100 Wireless LAN Systems: Net Sales 82 100M yen (+115.4% year on year) 80 Segment Profit 27.6 100M yen (+21.0 100M yen) Rapid increase in demand for wireless LAN acces
Slide 9: Target Management Indicators (KPI)
Target Management Indicators (KPI) Goal: Build a management foundation that can stably achieve the followings for FY 2022 FY 2020 FY 2022 Results Goals ROE 10% 8.6% (based on operating income) or higher 30% Payout Ratio 31.9% or higher Continue to aim for our goals by executing “Major Initiatives to
Slide 10: Consolidated Financial Results Forecast for FY 2021
Consolidated Financial Results Forecast for FY 2021 Sales decrease for Wireless LAN Systems, but recovery in Marine Business, sales increase for Industrial Business and effect of Major Measures, resulting in growth in sales forecast (Unit: Millions of yen) FY 2020 FY 2021 Results Forecast Net sales
Slide 11: Results Forecast by Segment: Marine Business
Results Forecast by Segment Net Sales for Marine Business FY 2021 Forecast “100M” stands for 100 Million (by Region) (Unit: 100 Millions of Yen) Marine Business: 800 ■Japan 日本 ■America 米州 ■Europe 欧州 ■Asia ■Other アジア その他 Net Sales 680 100M yen 700 Segment Profit 17 100M yen 27 31 600 186 28 185 Japa
Slide 12: Results Forecast by Segment: Industrial and Wireless LAN
Results Forecast by Segment Net Sales for Industrial Business FY 2021 Forecast “100M” stands for 100 Million & Wireless LAN Systems (by Product) (Unit: 100 Millions of Yen) 無線LAN・ハンディターミナル Industrial Business: ■Wireless LAN Systems ■Other 産業用その他 Industrial Net Sales 118 100M yen ■Healthcare ヘルスケア 20
Slide 13: Appendix: Consolidated Balance Sheet
Appendix: Consolidated Balance Sheet Decrease in Inventories due to Inventory Reduction Initiatives. (Unit: Millions of yen) FY 2019 FY 2020 YoY (amount) YoY (ratio) Current assets 56,477 60,770 +4,293 +7.6% (Cash or equivalents) (12,143) (15,301) (+3,158) (+26.0%) (Inventories) (25,066) (24,028) (-
Slide 14: Appendix: Consolidated Cash Flow Statement
Appendix: Consolidated Cash Flow Statement Increase in Cash Flow from Operating Activities due to increase in Profit. Increase in Cash Flow from Investing Activities due to new R&D Work Space Construction. (Unit: Millions of yen) FY 2019 FY 2020 YoY (amount) YoY (ratio) Cash Flow 8,041 8,512 +471 +5
Slide 15: Corporate Vision
Corporate Vision Business Vision: Achieve better safety, security, and comfort, to bring about a society and sea navigation that considers the needs of people and the environment Human Resources and Corporate Culture Vision: VALUE through GLOBALIZATION and SPEED Growth Targets for FY 2030: Consoli
Slide 16: Mid-Term Management Plan
Mid-Term Management Plan We will progressively and promptly work toward realizing the FURUNO GLOBAL VISION “NAVI NEXT 2030” through the following three phases. FY 2020-2022 FY 2023-2025 FY 2026-2030 Phase 1 Phase 2 Phase 3 Advance Connect Transform Strengthening Capabilities and Improving Structure
Slide 17: Strengthening Capabilities and Improving Structure
Strengthening Capabilities and Improving Structure (1) Dramatic Reduction of Inventory (2) Further Increase in Quality Level Promote the reduction of inventories in all areas of the Based on the “Quality Before Everything” mentality, value chain by working together to refine production we aim to fur
Slide 18: Initiatives for Future Growth
Initiatives for Future Growth (5) New Strategic Investment Quota Investment for future growth in Phase 2 and beyond, including fostering new businesses, R&D including advanced technology areas, business expansion into peripheral areas of existing businesses, and infrastructure development. New R&D W
Slide 19: Appendix: Corporate Outline
Appendix: Corporate Outline Since commercializing the world's first Fish Finder in 1948, FURUNO has supplied many types of products for the marine electronics market. By using its exclusive knowledge of ultrasonic and electronics technologies, FURUNO has developed a wide array of products that have
Slide 20: Appendix: FURUNO's Business Fields
Appendix: FURUNO’s Business Fields Automatic GPS/GNSS Identification Disciplined GPS/GNSS System (AIS) Oscillator Displacement Continuous Remote Monitoring Satellite System Communications Meteorological Equipment Monitoring and Analyzing System Wireless LAN Radar Access Point Voyage Data GPS/GNSS Re