Harada Industry Co., Ltd. · TSE:6904
Harada Industry — Q2 FY2022 Earnings Presentation
21 slides from Harada Industry's earnings presentation, Dec 6, 2022
Slide 1: Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2023
Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2023 Harada Industry Co., Ltd. December 6, 2022 Securities Code: 6904 https://www.harada.com
Slide 2: Contents
Contents I. Corporate Overview 1. Corporate Profile ........................................................................................................................................... 4 2. Global Network ........................................................................................
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 FY2022 (Consolidated)
II. Financial Results for 2Q FY2022 (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 Europe North and Central Americas (Hundred millions of yen) Asia 250 Japan 211 215 213 211 198 203 200 23 22 20 23 196 19 21 182 175 28 15 62 26 66 66 150 65 74 64 139 14 58 60 49 100 58 57 46 39 52 54 53 41 41 44 32 50 64 68 72 75 61 67 58 60 59 52 0 2Q FY2013 14 15 16 17 18 19 2
Slide 11: 2. Summary of 2Q Consolidated Statement of Income
2. Summary of 2Q Consolidated Statement of Income (Millions of yen) 2Q FY2021 2Q FY2022 Increase Previous Current Main factors year year or in increase or decrease Composition Composition decrease ratio (%) ratio (%) - Japan: 656 18,220 19,636 - Asia: (250) (currency effect: 522) Net sales 1,415 - N
Slide 12: 3. Summary of 2Q Consolidated Balance Sheet
3. Summary of 2Q Consolidated Balance Sheet (Millions of yen) FY2021 Component 2Q FY2022 Component Increase Previous ratio Current ratio or year (%) year (%) decrease Current assets 26,378 73.4% 29,954 74.4% 3,575 Non-current assets 9,564 26.6% 10,288 25.6% 723 Total assets 35,942 100.0% 40,242 100.
Slide 13: 4. Sales Breakdown by Reportable Segments
4. Sales Breakdown by Reportable Segments 2Q FY2021 Europe Previous year 14.8% (Millions of yen) Japan Previous Current North 33.6% year year and Central Increase Impact of Americas Asia 2Q 2Q Net 27.3% or foreign 24.3% FY2021 FY2022 change decrease exchange Japan 6,131 6,788 656 － 656 Asia 4,423 4,
Slide 14: 5. Consolidated Cash Flow Trend
5. Consolidated Cash Flow Trend (Millions of yen) 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) 2Q FY2013 14 15 16 17 18 19 20 21 22 Current year 2Q FY2013 14 15 16 17 18 19 20 21 22 Operatin
Slide 15: 6. Depreciation Trend / 7. Research and Development Expense Trend
6. Depreciation Trend (Millions of yen) 700 600 548 560 592 499 528 487 500 410 430 421 400 368 300 200 100 0 2Q FY2013 14 15 16 17 18 19 20 21 22 7. Research and Development Expense Trend (Millions of yen) 1,000 821 800 718 764 759 717 656 667 639 600 494 517 400 200 0 2Q FY2013 14 15 16 17 18 19 2
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 4,000 3,553 2,000 0 2Q FY2013 14 15 16 17 18 19 20 21 22 8. Number of Employees 2 (Regional Breakdown) (People) 8,000 Japan Asia North and Central Americas Europe 6,000 48 48 47 46 45 49 49 32 31 1,91
Slide 17: 9. Foreign Exchange Rate Trend
9. Foreign Exchange Rate Trend Current Rate US$ Stg.£ RMB (Yen) 350 24 19.73 20.38 21 300 16.05 16.32 16.49 16.66 17.11 18 250 15.46 15.69 15.23 192.80 15 200 172.63 165.67 150.28 138.32 145.77 144.48 153.06 12 136.62 132.52 150 9 100 136.69 122.49 112.00 110.54 107.79 107.74 110.55 6 98.61 101.37 1
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） 11,000 50,000 （Thousands） 10,000 45,000 43,113 9,000 40,000 37,816 7,997 7,953 8,000 35,000 7,000 30,000 6,000 25,000 5,000 20,000 2020 2021 2022 2023 2024 2025 2026 2020 2021 2022 2023 2024 2025 2026 North and Ce
Slide 20: 2. Crude Oil, WTI Price Trend / 3. Copper Price Trend
2. Crude Oil, WTI Price Trend (US$/bbl) 120.00 100.00 80.00 60.00 40.00 20.00 0.00 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 3. Copper Price Trend (US$/mt) 12,000.00 10,000.00 8,000.00 6,000.00 4,000.00 2,000.00 0.00 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 20
Slide 21: Harada - Automotive Antenna Authority
HARAD Automotive Antenna Authority