Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q3 FY2022 Earnings Presentation
25 slides from Hirose Electric's earnings presentation, Feb 2, 2023
Slide 1: Business Results for the Third Quarter of FY2022
Hirose Electric Business Results for the Third Quarter of FY2022 Business Results for the Third Quarter of FY2022 February 2, 2023 Hirose Electric Co., Ltd. 〔6806〕
Slide 2: Cautionary Statement
Cautionary Statement In this material, there are descriptions based on current estimation by Hirose Electric. Hirose cautions you that a number of important risks, uncertainties and others could cause actual results to differ materially from those discussed in the *forward‐looking statements. Thank
Slide 3: Summary of the business results (FY2022.1Q-3Q)
HS Summary of the business results (FY2022.1Q-3Q From April to December, 2022) M@ In FY2022.3Q, the sales for general industrial, automotive and mobility-related increased. As a result, sales of the cumulative 3Q increased by 16.5% and operating profit plus 27.9% compared with the previous same peri
Slide 4: Changes in sales and operating profit (FY2021.1Q-FY2022.3Q)
HS Changes in sales and operating profit (FY2021.1Q-FY2022.3Q / Consolidated basis) mm Sales Operating profit -O-Operating profit ratio (Yen in hundred millions) 465.7 481.3 474.6 384.4 26.3% 21.1Q 21.2Q 21.3Q 21.4Q 22.10 22.2Q 22.3Q
Slide 5: Business Results for FY2022.1Q-3Q
Business Results for FY2022.1Q‐3Q Increase Increase FY2021.1Q‐3Q FY2022.1Q‐3Q / Decrease / Decrease Ratio (FY ended Dec 31, 2021) (FY ended Dec 31, 2022) (Yen in hundred millions) (YoY) (YoY) Sales 1,220.0 1,421.6 +201.6 +16.5% COGS Ratio 54.1% 50.8% ‐3.3pt SGA Ratio 20.4% 21.5% +1.1pt Operating Pro
Slide 6: FY2022.1Q-3Q Major Changes
FY2022.1Q-3Q Major Changes HS Sales 201.6 hundred million yen Increased (1,220.0 > 1,421.6) (Yen in hundred millions) +152.1 +49.5 Non consolidated Hirose: Subsidiaries: COGS Ratio 3.3pt Improved (54.1% > 50.8%) Variable Expense Ratio: 39.6% > 37.8% Depreciation Ratio: 8.1% 47.1% 1.1pt Deteriorated
Slide 7: FY2022.1Q-3Q YoY Variation Analysis
FY2022.1Q‐3Q YoY Variation Analysis Operating Profit before (Yen in hundred millions) Sales Profit (%) tax (%) FY2021.1Q‐3Q Actual 1,220.0 310.2 25.4% 321.7 26.4% Exchange rate 153.8 84.8 81.0 Labor cost increase ‐38.1 ‐38.1 Depreciation cost increase ‐0.6 ‐0.6 Increase in freightage and packing exp
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet HS Account Mar 31, 2022 : Cash and cash : . 683.9 " equivalents : Trade and other : ; 434.3 . receivables : Inventories 216.9 >: Ws © : Other financial Gi assets 1,794.2 : Property, plant : and equipment 611.5 : Right-of-use asset 49.1 = Others 157.9 : Total Assets 3,947.8
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet HS saniqer Ayinb3 s,zapjoyaseys Account Payables and other debt Lease liabilities Income Taxes Payable Others Total Mar 31, 2022 238.1 49.7 80.3 159.0 527.1 Dec 31,2022 225.3 51.6 64.1 164.5 505.5 (Yen in hundred millions) Increase / Remark Decrease Accounts payable decrea
Slide 10: Changes in Capital Investment and Depreciation (Consolidated basis)
HS Changes in Capital Investment and Depreciation (Consolidated basis) ~~ Capital Investment M™=Depreciation _(Yen in hundred millions) -O-Capital Investment Ratio -O-Depreciation Ratio (%) 168 170 FY2019 FY2020 FY2021 FY2022 Forecast FY2022.1Q-3Q (*Excluded: Investment in land, building, software)
Slide 11: Overseas production and sales ratio
Overseas production and sales ratio 76% 75% 77% 72% 74% 48% 47% 49% 46% 42% Overseas Sales Ratio Overseas Production Ratio FY2018 FY2019 FY2020 FY2021 FY2022.1Q‐3Q 11
Slide 12: Sales by Industry Segment_General Industrial
HS Sales by Industry Segment_General Industrial (Yen in hundred millions) FY2021 FY2022 FY2022.1Q-3Q/ 1H 3Q 1Q-3Q 1H 3Q 10Q-3Q FY2021.10-30 Sales 265 147 412 347 180 527 +28% @ FY2022.1Q-3Q Composition ratio @ Changes in quarterly sales 180 168 179 147152 131 134 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2021 FY2022 @
Slide 13: Sales by Industry Segment_Smartphone
HS Sales by Industry Segment_Smartphone (Yen in hundred millions) a FY2022 FY2022.1Q-3Q / FY2021.1Q-3Q 1Q-3Q 1Q:3Q Sales +3% @ FY2022.1Q-3Q Composition ratio @ Changes in quarterly sales 95 8 SCO 83 72 75 19% 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2021 FY2022 @ The sales of 3Q was firm due to the seasonal demand, b
Slide 14: Sales by Industry Segment_Consumer/Mobile Equipment
HS Sales by Industry Segment_Consumer/Mobile Equipment (Yen in hundred millions) FY2022.1Q-3Q / - 3Q 3Q 10°3Q FY2021.10-3Q Sales 160 82 +5% @ FY2022.1Q-3Q Composition ratio @ Changes in quarterly sales 98 85 go 88 75 71 69 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2021 FY2022 @ Although a weak yen contributed to the s
Slide 15: Sales by Industry Segment_Automotive/Mobility-related
HS Sales by Industry Segment_Automotive/Mobility-related (Yen in hundred millions) FY2022.10-3Q/ - 3Q 3Q 10°3Q FY2021.10-3Q Sales 143 72 +26% @ FY2022.1Q-3Q Composition ratio @ Changes in quarterly sales 96 86 88 73-79 72 77 . 1Q 2Q 3Q 4Q 1Q 2Q 3Q FY2021 FY2022 M™@ The sales have been growing steadi
Slide 16: Sales by Industry Segment_Telecommunications infrastructure equipment / OA equipment
HS (Yen in hundred millions) Sales by Industry Segment_Telecommunications infrastructure equipment / OA equipment FY2021 FY2022 FY2022.1Q-3Q / FY2021.1Q-3Q 1H 3Q 1Q-3Q 1H 3Q 10Q-3Q Telecommunications infrastructure equipment 3 0 1 7 47 3 4 13 47 + 0% OA equipment 12 6 18 12 7 19 +6% @ FY2022.1Q-3Q C
Slide 17: Annual sales forecast by industry segment [Updated]
Annual sales forecast by industry segment [Updated] HS 725 ) 335 ss 335 FY2021 Forecast FY2022 FY2021_ ‘Forecast FY2022 FY2021 Forecast FY2022 Actual AsofNov Forecast Actual AsofNov_ Forecast Actual As of Nov Forecast General Smartphone Consumer / Industrial Mobile equipment (Yen in hundred millions
Slide 18: Revision of the financial results forecast for FY ending March 31, 2023
Revision of the financial results forecast for the fiscal year ending March 31, 2023 Following the recent business trend, we revised the forecast of financial results for FY2022 announced on November 2, 2022. (Yen in hundred millions) ① Nov,2022 ② Feb, 2023 ②‐① Forecast Updated forecast Revised amou
Slide 19: Business Forecast for the Year Ending March 31, 2023 (Consolidated)
Business Forecast for the Year Ending March 31, 2023 (Consolidated) Assumed annual exchange rate turned into strong yen than the previous estimates and business for consumer electronics is expected to be lower than the previous forecast, and we revised the forecast for FY2022 announced in November,
Slide 20: Initiatives for the future growth > Consumer and mobile equipment > Global
HS Initiatives for the future growth > Consumer and mobile equipment > Global > Held an exhibition at CES ® 2023 ( January 5 to 8, 2023) at Las Vegas, US “BM55” series has been selected as Innovation Awards* Honoree in the Wearable Technologies category of CES ® Innovation Awards program. CES: The w
Slide 21: Initiatives for the future growth > Consumer and mobile equipment > Japan
Initiatives for the future growth > Consumer and mobile equipment > Japan Held an exhibition at 9t* WEARABLE EXPO January 25 to 27, 2023 at Tokyo Big Sight The exhibition where the latest wearable devices, solutions and development technologies are showcased under one roof Hirose proposed diverse co
Slide 22: FYI: Target Application in Connector Selector, Integrated Report 2022
HS FYI: Target Application in Connector Selector, Integrated Report 2022 English version At the begging of the product catalog revised in December, our major 32 target applications and recommend products are published. You can see our connectors have been adopted to wide range of applications. Pleas
Slide 23: Appendix
Appendix
Slide 24: Sales by Industry Segments round number (quarterly basis)
HS Sales by Industry Segments round number (quarterly basis) (Yen in hundred millions) FY2021 FY2022 FY2022.3Q Composition 1¢ 2Q 3Q 49 eerie General Industrial 131 134 147 152 Smartphone 72 86 93 88 Consumer / Mobile Equipment 75 85 82 71 Automotive / Mobility-related 73 70 72 77 Telecommunications
Slide 25: HIROSE ELECTRIC Co.,LTD.
HIROSE Hes ELECTRIC Co.,LTD.