Harada Industry Co., Ltd. · TSE:6904
Harada Industry — Q2 FY2021 Earnings Presentation
21 slides from Harada Industry's earnings presentation, Dec 3, 2021
Slide 1: Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2022
Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2022 Harada Industry Co., Ltd. December 3, 2021 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 FY2021 (Consolidated)
II. Financial Results for 2Q FY2021 (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 (Hundred millions of yen) North and Central Americas 250 Asia Japan 211 215 213 211 198 203 200 23 22 20 23 19 21 182 175 152 15 26 66 62 66 150 12 65 74 64 139 60 14 49 47 100 58 57 46 39 52 54 53 29 41 44 32 50 63 64 68 72 75 58 60 59 52 61 0 2Q FY2012 13 14 15 16 17 18 1
Slide 11: 2. Summary of 2Q Consolidated Statement of Income
2. Summary of 2Q Consolidated Statement of Income (Millions of yen) 2Q FY2020 2Q FY2021 Increase Previous Current Main factors year year or in increase or decrease Composition Composition decrease ratio (%) ratio (%) - Japan: 844 13,969 18,220 - Asia: 1,182 (currency effect: 189) Net sales 4,250 - N
Slide 12: 3. Summary of 2Q Consolidated Balance Sheet
3. Summary of 2Q Consolidated Balance Sheet (Millions of yen) FY2020 Component 2Q FY2021 Component Increase Previous ratio Current ratio or year (%) year (%) decrease Current assets 23,456 71.5% 24,883 72.4% 1,427 Non-current assets 9,338 28.5% 9,471 27.6% 132 Total assets 32,794 100.0% 34,354 100.0
Slide 13: 4. Sales Breakdown by Reportable Segments
4. Sales Breakdown by Reportable Segments 2Q FY2020 Europe Previous year 10.4% (Millions of yen) North Previous Current Japan year and year Central 37.9% Americas Asia Increase Impact of 28.5% 2Q 2Q Net 23.2% or foreign FY2020 FY2021 change decrease exchange Japan 5,287 6,131 844 － 844 Asia 3,241 4,
Slide 14: 5. Consolidated Cash Flow Trend
5. Consolidated Cash Flow Trend (Millions of yen) 4,000 Cash flows from operating activities 3,000 Cash flows from investing activities Cash flows from financing activities 2,000 1,000 0 (1,000) (2,000) (3,000) 2Q FY2012 13 14 15 16 17 18 19 20 21 Current year 2Q FY2012 13 14 15 16 17 18 19 20 21 Op
Slide 15: 6. Depreciation Trend / 7. Research and Development Expense Trend
6. Depreciation Trend (Millions of yen) 700 600 528 548 560 499 487 500 417 410 430 421 400 368 300 200 100 0 2Q FY2012 13 14 15 16 17 18 19 20 21 7. Research and Development Expense Trend 1,000 (Millions of yen) 821 800 718 764 759 717 689 656 667 639 600 494 400 200 0 2Q FY2012 13 14 15 16 17 18 1
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 4,000 3,450 3,553 2,000 0 2Q FY2012 13 14 15 16 17 18 19 20 21 8. Number of Employees 2 (Regional Breakdown) (People) 8,000 Japan Asia North and Central Americas Europe 6,000 48 47 49 48 32 46 45 49 4,000 4
Slide 17: 9. Foreign Exchange Rate Trend
9. Foreign Exchange Rate Trend US$ Stg.£ RMB 350 Current Rate (Yen) 21 300 16.05 16.32 19.73 16.49 16.66 17.11 18 15.69 15.23 250 12.47 15 192.80 15.46 200 172.63 12 150.28 145.77 144.48 153.06 138.32 136.62 132.52 150 123.13 9 100 122.49 6 98.61 101.37 102.88 112.00 110.54 107.79 107.74 110.55 50 7
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） （Thousands） 11,000 50,000 44,007 10,000 45,000 9,000 8,612 40,000 8,000 35,000 7,000 30,000 33,420 7,374 6,000 25,000 5,000 20,000 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021 2022 2023 2024 2025 North and Ce
Slide 20: 2. Crude Oil, WTI Price Trend / 3. Copper Price Trend
2. Crude Oil, WTI Price Trend (US$/bbl) 120.00 100.00 80.00 60.00 40.00 20.00 0.00 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 3. Copper Price Trend (US$/mt) 12,000.00 10,000.00 8,000.00 6,000.00 4,000.00 2,000.00 0.00 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 20
Slide 21: HARADA
HARAD Automotive Antenna Authority