Slide 1: Financial Result Briefing Materials
Fiscal Year 2024 (Ended February 28, 2025) Financial Result Briefing Materials April 9, 2025 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 forecasts are determined
Slide 2: Summary of Fiscal Year 2024
Summary of Fiscal Year 2024 ◆Result ➢ Record-high Sales and Profit, exceeding Management Vision (NAVI NEXT 2030) targets ➢ Significant increase in Profit from the previous year ⚫ High level of Sales since last fiscal year and further increase in Sales in Merchant vessels in Asia ⚫ Significant expans
Slide 3: Consolidated Income Statement
Consolidated Income Statement Record-high Sales and Profits for the second consecutive year. Substantial growth in Profit. Capital investments implemented, such as product life cycle management system, etc. Year-over-Year Year-over-Year (Unit: Millions of yen) Fiscal Year 2023 Fiscal Year 2024 (amou
Slide 4: Variation Analysis of Net Sales
Variation Analysis of Net Sales Marine Business: strong equipment sales for Merchant Vessels and Maintenance Services. Industrial Business: increase in sales for GNSS products and Defense Equipment Business. 1,350 (Unit: 100 Millions of Yen) Marine Business Industrial Other +105.2 Business Business
Slide 5: Variation Analysis of Gross Profit
Variation Analysis of Gross Profit Profit increase with sales increase in Marine business and improved profitability in Maintenance Services, etc., offsetting higher components price 550 (Unit: 100 Millions of Yen) Wireless Others Industrial 500 Business LAN Systems Sales Sales Increase Components S
Slide 6: Variation Analysis of Operating Profit
Variation Analysis of Operating Profit Increase in Profit due to higher Gross Profit mainly in Marine Business, despite higher SG&A expenses such as personnel costs associated with salary revisions 180 (Unit: 100 Millions of Yen) Wireless Others Industrial Gross Profit Business LAN Systems Personnel
Slide 7: Overview of Marine Business
Overview of Marine Business “100M” stands for 100 Million Marine Business Consolidated Sales (by Region) Marine Business (Unit: 100 Millions of Yen) Net Sales 1,087 100M yen (+10.7% year-over-year) 1,200 日本 ■Americas ■Japan 米州 欧州 ■Europeアジア その他 ■Asia ■Other Segment Profit 133.3 100M yen (+62.3 100M
Slide 8: Overview of Industrial Business
Overview of Industrial Business “100M” stands for 100 Million Industrial Business Consolidated Sales (by Product) Industrial Business (Unit: 100 Millions of Yen) Net Sales 142 100M yen (+11.0% year-over-year) 210 ■ITS, GNSS ■Healthcare ■Defense Equipment ■Wireless LAN Systems Segment Profit 5.0 100M
Slide 9: Appendix: Consolidated Balance Sheet
Appendix: Consolidated Balance Sheet (Unit: Millions of yen) Fiscal Year 2023 Fiscal Year 2024 Current assets 86,285 91,605 (Cash and deposits) (11,786) (16,113) (Inventories) (46,088) (43,573) Fixed assets 28,085 31,913 (Tangible fixed assets) (14,751) (16,611) (Intangible fixed assets) (4,902) (6,
Slide 10: Appendix: Consolidated Cash Flow Statement
Appendix: Consolidated Cash Flow Statement (Unit: Millions of yen) Fiscal Year 2023 Fiscal Year 2024 Cash Flow 2,713 10,820 from Operating Activities Cash Flow -3,589 -4,588 from Investing Activities Free Cash Flow -875 6,231 Cash Flow -3,557 -2,696 from Financing Activities Cash and cash equivalent
Slide 11: Forecast for Fiscal Year 2025
Forecast for Fiscal Year 2025 Notice The impact of the U.S. reciprocal tariffs announced on April 3, 2025 on FURUNO is unclear at this time. FURUNO will closely monitor future developments and update information as necessary. FURUNO ELECTRIC CO., LTD. All Rights Reserved. 11
Slide 12: Forecast for Fiscal Year 2025
Forecast for Fiscal Year 2025 Further increase in Sales expected, even with the impact of a stronger yen. Decrease in Profit expected with higher SG&A, but Profit margin kept close to 10%. Year-over-Year Year-over-Year (Unit: Millions of yen) Fiscal Year 2024 Fiscal Year 2025 (amount) (percentage) N
Slide 13: Forecast FY2025: Variation Analysis of Net Sales
Forecast FY2025: Variation Analysis of Net Sales Marine business: keep high level of sales with continuous strong demand for Merchant Vessels Industrial business: increase of sales for GNSS products and Defense Equipment 1,300 (Unit: 100 Millions of Yen) Wireless Others Sales LAN Systems -0.7 1,250
Slide 14: Forecast FY2025: Variation Analysis of Profit
Forecast FY2025: Variation Analysis of Profit Marine business: higher margin with Sales increase and expansion of Maintenance Services, but lower Profit with increase in SG&A and stronger yen. Industrial business: increase in Profit 150 (Unit: 100 Millions of Yen) GP Increase GP Increase with Improv
Slide 15: Forecast FY2025: Marine Business SG&A
Forecast FY2025: Marine Business SG&A (Unit: 100 Millions of Yen) Personnel ⚫ Investment in human capital to strengthen Expenses competitiveness Domestic* +4.7 +14.3 Other ⚫ Investment in growth areas (DX, etc.) Marine Expenses ⚫ Cyber security enhancements for products Business +9.6 SG&A Personnel
Slide 16: Dividend of Retained Earnings: Forecast for FY 2025
Dividend of Retained Earnings: Forecast for FY 2025 Payout Ratio over 30% and Dividend maintained at 110 yen despite decrease in Profit (Unit: Yen) 2nd Quarter End of Term Full Year Payout Ratio FY 2023 20 40 60 30.4% FY 2024 35 75 110 30.3% FY 2025 Forecast 55 55 110 38.6% (円) (Yen) Dividend per Sh
Slide 17: Overview of Marine Business
Overview of Marine Business “100M” stands for 100 Million Marine Business Consolidated Sales (by Region) Marine Business (Unit: 100 Millions of Yen) Net Sales 1,079 100M yen 日本 ■Americas ■Japan 米州 欧州 ■Europeアジア その他 ■Asia ■Other 1,200 Segment Profit 111.0 100M yen ⚫ Foreign exchange impact (stronger
Slide 18: Overview of Industrial Business
Overview of Industrial Business “100M” stands for 100 Million Industrial Business Consolidated Sales (by Product) Industrial Business (Unit: 100 Millions of Yen) Net Sales 153 100M yen 240 ■ITS, GNSS ■Healthcare ■Defense Equipment ■Wireless LAN Systems Segment Profit 7.5 100M yen ⚫ Sales increase fo
Slide 19: Progress of Mid-term Management Plan – Phase 2
Progress of Mid-term Management Plan – Phase 2 FURUNO ELECTRIC CO., LTD. All Rights Reserved. 19
Slide 20: Mid-Term Management Plan
Mid-Term Management Plan We will progressively and promptly work toward realizing the FURUNO GLOBAL VISION “NAVI NEXT 2030” through the following three phases. FY 2020-2022 FY 2023-2025 FY 2026-2030 Phase 1 Phase 2 Phase 3 Advance Connect Transform Targets for Fiscal Year 2025 ROE (based on ordinary
Slide 21: Main Measures for Phase 2 "Connect"
Main Measures for Phase 2 “Connect” (1) Improvement in profitability Complete the measures of the Phase 1 for the Mid-Term Management Plan, focusing on improving profitability by increasing the quality level, optimizing inventories, and optimizing the product development function and the comprehensi
Slide 22: Progress of Phase 2 "Connect"
Progress of Phase 2 “Connect” (1) Improvement in profitability Complete the measures of the Phase 1 for the Mid-Term Management Plan, focusing on improving profitability by increasing the quality level, optimizing inventories, and optimizing the product development function and the comprehensive man
Slide 23: Progress of Phase 2 "Connect"
Progress of Phase 2 “Connect” (2) Expansion of sales Provide high-quality services through remote management, promote DX for Marine field focusing on digitalization, and invest resources in businesses with growth potential in order to further generate resources for investment in growth. Main results
Slide 24: Progress of Phase 2 "Connect"
Progress of Phase 2 “Connect” (3) Implementation of sustainable management Aim to realize a sustainable management by expressing a long-term policy that will guide our future business, strengthening business creation through strategic investments, promptly commercializing new and expanding businesse
Slide 25: Topics
Topics FURUNO ELECTRIC CO., LTD. All Rights Reserved. 25
Slide 26: Topics: DX Certified Business Operator certification from the METI
Topics “DX Certified Business Operator” certification from the METI* About the DX Certification This program is based on the “Law Concerning the Promotion of Information Processing” and recognizes companies that are ready to take DX initiatives in line with the “Digital Governance Code” established
Slide 27: Topics: OSAKA Zero Waste Project Collaboration Agreement
Topics “OSAKA Zero Waste Project” Future Creation Project Collaboration Agreement FURUNO, Osaka University Graduate School of Engineering, and the Osaka Prefecture Department of Environment, Agriculture, Forestry and Fisheries signed a business collaboration agreement to promote measures against mar
Slide 28: Topics: Exhibit at the 9th JAPAN BUILD TOKYO
Topics Exhibit at the 9th JAPAN BUILD TOKYO This exhibition is one of the largest trade shows in Japan specializing in the latest products that solve problems in the building, construction, and real estate industries. This year, 600 companies exhibited and a total of 34,059 people visited the exhibi
Slide 29: Topics: Certified as a Health and Productivity Management Organization
Topics Certified for 7 consecutive years as a “Health and Productivity Management Organization (White 500)” The "Excellent Corporation for Health Management System" is a system to recognize large corporations, small and medium-sized companies, and other corporations that practice particularly excell
Slide 30: FURUNO's Business Outline
FURUNO’s Business Outline FURUNO ELECTRIC CO., LTD. All Rights Reserved. 30
Slide 31: 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 32: Appendix: FURUNO's Business Fields
Appendix: FURUNO’s Business Fields Achieve better safety, security and comfort to bring about a society and sea navigation that considers the needs of people and the environment Automatic GPS/GNSS Identification Disciplined GPS/GNSS System (AIS) Oscillator Displacement Continuous Remote Monitoring S
Slide 33: Appendix: FURUNO's Marine Business
Appendix: FURUNO’s Marine Business For Merchant For Fishing Vessels Vessels Radar Sonar Fish Finder ECDIS Satellite (Electronic Chart Display Communications Current Radiotelephone and Information System) Equipment Indicator For Pleasure For Work Boats Boats Multi-Function Multi-Function Radar Radar
Slide 34: Appendix: FURUNO's Industrial Business
Appendix: FURUNO’s Industrial Business ITS・GNSS Healthcare ETC, Vehicle Clinical Chemistry ETC2.0 / ETC * Management Analyzer & Reagent Solution* GPS / GNSS Chips & Modules Ultrasound Bone Densitometer Defense Wireless LAN Equipment Systems Wireless LAN Access Point* Multi-beam Sonar Fathometer Wire