Furuno Electric Co., Ltd. · TSE:6814
Furuno Electric — Q2 FY2022 Earnings Presentation
15 slides from Furuno Electric's earnings presentation, Oct 14, 2022
Slide 1: Financial Results Briefing Materials
2nd Quarter of Fiscal Year 2022 (Ending February 28, 2023) Financial Results Briefing Materials October 14, 2022 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 fore
Slide 2: Summary of 2nd Quarter of FY 2022
Summary of 2nd Quarter of FY 2022 ◆ Net Sales: Slight Increase ➢ Decrease due to sales opportunities loss with production delays, but increase in overseas sales for Marine Business helped by a weak yen ◆ Gross Profit: Slight Decrease ➢ Slight decrease in gross profit due to soaring material prices,
Slide 3: Consolidated Income Statement
Consolidated Income Statement Increase in SG&A expenses with continuous investments for future growth Old Revenue Recognition New Revenue Recognition FY 2021 FY 2022 Year-over-Year Year-over-Year FY 2022 (Unit: Millions of yen) nd nd nd 2 Quarter 2 Quarter (amount) (ratio) 2 Quarter Net sales 43,139
Slide 4: Analysis of Increase/Decrease in Net Sales
Analysis of Increase/Decrease in Net Sales Addition of consolidated subsidiaries and overseas sales increase in Marine Business (Unit: 100 Millions of Yen) Industrial Revenue 440 Business Recognition Others -2.0 -0.6 +1.3 Asia -7.1 Other Europe 430 Region +3.1 -2.6 Americas Wireless Japan +1.4 LAN S
Slide 5: Analysis of Increase/Decrease in Gross Profit on Sales
Analysis of Increase/Decrease in Gross Profit on Sales Increase in component prices but increase in overseas sales, etc. in Marine Business 180 (Unit: 100 Millions of Yen) Marine Component Industrial Prices Increase Decrease in -10.0 Inventory-Related Expenses, etc. Revenue Others Recognition 170 +1
Slide 6: Factors Increasing SG&A Expenses
Factors Increasing SG&A Expenses Continue to accelerate investments for future growth Consolidated addition of subsidiaries for overseas R&D +4.2 Increase in personnel to strengthen service and R&D, etc. +2.8 Increase in promotion expenses (exhibitions in new fields, etc.) +2.1 Increase in strategic
Slide 7: Overview of Marine Business
Overview of Marine Business “100M” stands for 100 Million Marine Business Consolidated Sales Change in accounting standard (by Region) Marine Business: Sales: -1.6, Profit: +0.8 (100M yen) (Unit: 100 Millions of Yen) Net Sales 359 100M yen (+0.4% year-over-year) 400 日本 ■Americas ■Japan 米州 欧州 ■Europe
Slide 8: Overview of Industrial Business
Overview of Industrial Business “100M” stands for 100 Million Industrial Business Consolidated Sales Change in accounting standard (by Product) Industrial Business: Sales: +2.7, Profit: -0.5 (100M yen) (Unit: 100 Millions of Yen) 90 Net Sales 52 100M yen (-0.1% year-over-year) ■OEM, ETC, etc. ■Healt
Slide 9: Consolidated Financial Results Forecast for FY 2022
Consolidated Financial Results Forecast for FY 2022 Upward revision with gradual improvement in parts availability and recovery trend in production Operating profit unchanged with offset between prices increase and weak yen (Unit: Millions of yen) FY 2021 FY 2022 FY 2022 Results Previous Forecast Re
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet FY 2021 FY FY 2022 2Q (Unit: Millions of yen) Old Revenue New Revenue Recognition Recognition Current assets 62,010 71,018 (Cash and deposits) (14,350) (13,175) (Inventories) (27,693) (33,797) Fixed assets 23,963 24,030 (Tangible fixed assets) (13,400) (13,581) (Intangible
Slide 11: Appendix: FURUNO's Business Outline
Appendix: FURUNO’s Business Outline FURUNO ELECTRIC CO., LTD. All Rights Reserved. 11
Slide 12: 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 13: 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
Slide 14: Appendix: FURUNO's Marine Business
Appendix: FURUNO’s Marine Business For Merchant Vessels ECDIS (Electronic Chart Display Satellite Communications Radar and Information System) Equipment For Fishing Vessels Sonar Fish Finder Current Indicator Radiotelephone For Pleasure Boats GPS/WAAS Radar Multi-Function Display Chart Plotter Autop
Slide 15: Appendix: FURUNO's Industrial Business
Appendix: FURUNO’s Industrial Business OEM, ETC, etc. ETC2.0 / ETC * ETC, Vehicle GPS / GNSS Management Solution* Chips & Modules Healthcare Clinical Chemistry Analyzer & Reagent Ultrasound Bone Densitometer Wireless LAN Systems Wireless LAN Access Point* Wireless Handheld Terminal* FURUNO ELECTRIC