Furuno Electric Co., Ltd. · TSE:6814
Furuno Electric — Q1 FY2022 Earnings Presentation
14 slides from Furuno Electric's earnings presentation, Jul 14, 2022
Slide 1: Financial Results Briefing Materials
1st Quarter of Fiscal Year 2022 (Ending February 28, 2023) Financial Results Briefing Materials July 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 forecas
Slide 2: Summary of 1st Quarter of FY 2022
Summary of 1st Quarter of FY 2022 ◆Net Sales: Increase ➢ Addition of consolidated overseas subsidiaries ◆ Profit: Decrease ➢ Profitability of Marine Business improved despite soaring material prices ➢ Continuous investment for future growth ◆ Whole Company ➢ Accounting Standard for Revenue Recogniti
Slide 3: Consolidated Income Statement
Consolidated Income Statement Profitability of Marine Business improved despite soaring material prices Investment 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) st st st 1 Quarter 1 Quarter (amount) (ra
Slide 4: Analysis of Increase/Decrease in Net Sales
Analysis of Increase/Decrease in Net Sales Addition of consolidated overseas subsidiaries in Marine and Industrial Businesses (Unit: 100 Millions of Yen) 225 Consolidated Sales Subsidiaries Other 220 Marine Industrial Marine Business Business Revenue Business Business Consolidated +0.0 Recognition D
Slide 5: Analysis of Increase/Decrease in Gross Profit on Sales
Analysis of Increase/Decrease in Gross Profit on Sales Profitability in Marine Business improved despite soaring component prices 95 (Unit: 100 Millions of Yen) Marine Marine Component Profitability Prices Wireless 90 Improvement Increase Industrial LAN Systems +2.9 -3.1 Sales Sales Decrease, etc. M
Slide 6: Factors Increasing SG&A Expenses
Factors Increasing SG&A Expenses Continue to accelerate investment for future growth Addition of consolidated overseas subsidiaries +2.0 Increase in R&D expenses, etc. +1.2 Strategic investments, etc. +1.0 Increase in promotion expenses (exhibitions in new fields), etc. +2.5 Increase in business-rel
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: -2.7, Profit: -0.8 (100M yen) (Unit: 100 Millions of Yen) 200 Net Sales 176 100M yen (+2.0% year-over-year) 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: +1.6, Profit: +0.1 (100M yen) (Unit: 100 Millions of Yen) Net Sales 27 100M yen (+16.1% year-over-year) 40 ■OEM, ETC, etc. ■Heal
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet FY 2021 FY FY 2022 1Q (Unit: Millions of yen) Old Revenue New Revenue Recognition Recognition Current assets 62,010 67,155 (Cash and deposits) (14,350) (14,064) (Inventories) (27,693) (30,398) Fixed assets 23,963 23,772 (Tangible fixed assets) (13,400) (13,737) (Intangible
Slide 10: Appendix: FURUNO's Business Outline
Appendix: FURUNO’s Business Outline FURUNO ELECTRIC CO., LTD. All Rights Reserved. 10
Slide 11: 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 12: 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 13: 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 14: 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