Harada Industry Co., Ltd. · TSE:6904
Harada Industry — Q2 FY2024 Earnings Presentation
22 slides from Harada Industry's earnings presentation, Dec 3, 2024
Slide 1: Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2025
Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2025 Harada Industry Co., Ltd. December 3, 2024 Securities Code: 6904 https://www.harada.com
Slide 2: Contents
Contents |. Corporate Overview 1. Corporate Profile 2. Global Network 3. Major Products Il. Financial Results for 2Q FY2024 (Consolidated) 1. Net Sales Trend 2. Summary of 2Q Consolidated Statement of Income 3. Summary of 2Q Consolidated Balance Sheet 4. Sales Breakdown by Reportable Segments 5. Con
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: 3. Major Products 4
3. Major Products 4 LPWA(※) Smart Tracker For Vehicle ・Installation location : Dashboard ・Installation location : Windshield This is an on-board communication Film antenna type in-vehicle communication terminal terminal equipped with LPWA/GPS/6-axis equipped with LPWA/GPS/6-axis sensor/ Bluetooth®.
Slide 10: II. Financial Results for 2Q FY2024 (Consolidated)
II. Financial Results for 2Q FY2024 (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. 10
Slide 11: 1. Net Sales Trend
1. Net Sales Trend Europe North and Central Americas Asia Japan (Hundred millions of yen) 250 227 231 211 215 213 211 203 26 22 196 34 200 23 20 23 21 182 28 26 83 66 62 66 71 150 74 64 139 58 14 49 100 57 46 39 39 36 58 54 53 41 44 32 50 75 82 85 64 68 72 61 67 59 52 0 2Q FY2015 16 17 18 19 20 21 2
Slide 12: 2. Summary of 2Q Consolidated Statement of Income
2. Summary of 2Q Consolidated Statement of Income (Millions of yen) 2Q FY2023 2Q FY2024 Increase Previous Current Main factors year year or in increase or decrease Composition Composition decrease ratio (%) ratio (%) - Japan: 272 22,762 23,176 - Asia: (246) Net sales 414 - North and central Americas
Slide 13: 3. Summary of 2Q Consolidated Balance Sheet
3. Summary of 2Q Consolidated Balance Sheet (Millions of yen) FY2023 Component 2Q FY2024 Component Increase Previous ratio Current ratio or year (%) year (%) decrease Current assets 27,393 72.9% 28,349 72.6% 955 Non-current assets 10,205 27.1% 10,680 27.4% 475 Total assets 37,598 100.0% 39,029 100.0
Slide 14: 4. Sales Breakdown by Reportable Segments
4. Sales Breakdown by Reportable Segments 2Q FY2023 Europe Previous year (Millions of yen) 15.3% Previous Current Japan North 36.2% year year and Central 2Q Increase Impact of Asia 2Q Net Americas FY2024 or foreign 17.2% FY2023 change 31.3% decrease exchange Japan 8,238 8,511 272 － 272 Asia 3,904 3,
Slide 15: 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 2,000 Cash flows from financing activities 1,000 0 (1,000) (2,000) (3,000) (4,000) (5,000) (6,000) 2Q FY2015 16 17 18 19 20 21 22 23 24 Current year 2Q FY2015 16 17
Slide 16: 6. Depreciation Trend / 7. Research and Development Expense Trend
6. Depreciation Trend (Millions of yen) 800 668 700 700 560 592 600 528 548 499 487 500 430 421 400 300 200 100 0 2Q FY2015 16 17 18 19 20 21 22 23 24 7. Research and Development Expense Trend (Millions of yen) 1,000 821 800 759 717 656 667 639 600 494 517 464 420 400 200 0 2Q FY2015 16 17 18 19 20
Slide 17: 8. Number of Employees
8. Number of Employees 1 (People) 8,000 6,000 5,396 5,128 4,705 4,835 4,667 4,370 4,411 4,336 4,380 4,099 4,000 2,000 0 2Q FY2015 16 17 18 19 20 21 22 23 24 8. Number of Employees 2 (Regional Breakdown) (People) 8,000 Japan Asia North and Central Americas Europe 6,000 48 48 47 45 49 49 32 28 31 28 1
Slide 18: 9. Foreign Exchange Rate Trend
9. Foreign Exchange Rate Trend Current Rate US$ Stg.£ RMB (Yen) 350 22.06 24 19.73 20.38 19.95 300 21 16.49 16.66 17.11 18 250 15.46 15.69 15.23 203.60 192.80 182.98 15 200 153.06 165.67 138.32 145.77 144.48 136.62 132.52 12 150 161.14 9 100 136.69 144.99 122.49 112.00 110.54 110.55 6 102.88 107.79
Slide 19: Reference
Reference HARADA 19
Slide 20: 1. Automobile Manufacturing Trend (Results and Forecasts)
1. Automobile Manufacturing Trend (Results and Forecasts) Japan Asia （Thousands） （Thousands） 11,000 50,000 46,645 10,000 45,000 42,485 9,000 40,000 8,097 8,000 7,575 35,000 7,000 30,000 6,000 25,000 5,000 20,000 2022 2023 2024 2025 2026 2027 2028 2022 2023 2024 2025 2026 2027 2028 North and Ce
Slide 21: 2. Crude Oil, WTI Price Trend / 3. Copper Price Trend
2. Crude Oil, WTI Price Trend (US$/bbl) 120.00 100.00 80.00 60.00 40.00 20.00 0.00 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 3. Copper Price Trend (US$/mt) 12,000.00 10,000.00 8,000.00 6,000.00 4,000.00 2,000.00 0.00 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 21
Slide 22: Harada Automotive Antenna Authority
HARAD Automotive Antenna Authority