Slide 1: Business Results for FY2022
Hirose Electric Business Results for FY2022 Business Results for FY2022 May 9, 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 from April to March, 2023)
Summary of the Business Results (FY2022 from April to March, 2023) m@ In FY2022, the sales for general industrial and automotive increased, and both in sales and operating profit of FY2022 hit the record high. The sales increased by 11.9%, operating profit by 14.7% compared with the previous FY. The
Slide 4: Changes in Sales and Operating Profit (FY2021.1Q–FY2022.4Q, Consolidated)
Changes in Sales and Operating Profit （FY2021.1Q～FY2022.4Q / Consolidated basis） © 2023 HIROSE ELECTRIC CO., LTD. All rights reserved. 4
Slide 5: Business Results for FY2022
Business Results for FY2022 FY2021 Increase FY2022 / Decrease (FY ended Mar 31, 2022) (YoY) (Yen in hundred millions) Increase / Decrease Ratio (FY ended Mar 31, 2021) (YoY) Sales 1,636.7 1,832.2 +195.5 11.9% COGS Ratio 54.2% 51.9% -2.3% SGA Ratio 20.9% 22.3% +1.4% Operating Profit 407.7 467.5 +59.9
Slide 6: FY2021 to FY2022 Major Changes
FY2021 to FY2022 Major Changes HS Sales 195.5 hundred million yen Increased (1,636.7 > 1,832.2) (Yen in hundred millions) Non consolidated Hirose: : + 127.3 Subsidiaries: : + 68.2 COGS Ratio 2.3pt Improved (54.2% > 51.9%) Variable Expense Ratio : 39.8% — 38.1% Depreciation Ratio : 8.0% > 7.3% SGA Ra
Slide 7: FY2022 YoY Variation Analysis
FY2022 YoY Variation Analysis (Yen in hundred millions) Operating Profit Sales Profit (%) before tax (%) FY2021 Actual 1,636.7 407.7 24.9% 430.8 26.3% Exchange rate 188.7 104.7 94.6 Labor cost increase -46.0 -46.0 Depreciation cost decrease -0.9 -0.9 Increase in freightage and packing expenses -14.4
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet HS sjassy Account Mar. 31, 2022 : Cash and cash equivalents 683.9 Trade and other receivables 434.3 Inventories 216.9 Other financial assets 1,794.2 Property, plant and equipment 611.5 Right-of-use asset 49.1 Others 157.9 .. Total Assets 3,947.8 Total of cashinbank 1,967.6
Slide 9: Consolidated Balance Sheet
Consolidated Balance Sheet Increase / Account Mar. 31, 2022 PRVElsen pepe) Remarks Decrease Accounts payable decreased due to the recent decline in purchase Payables and other debt 238.1 Lease liabilities 49.7 Income Taxes Payable 80.3 sanyiger Others 159.0 Increase in allowance for bonus _ Total 52
Slide 10: Changes in Capital Investment and Depreciation
Changes in Capital Investment and Depreciation （Yen in hundred millions） （％） （*Excluded : Investment in land, building, software） © 2023 HIROSE ELECTRIC CO., LTD. All rights reserved. 10
Slide 11: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio 74% 76% 75% 76% -O- Overseas Sales Ratio -O- Overseas Production Ratio FY2018 FY2019 FY2020 FY2021 FY2022 1023 HIROSE ELECTRIC 0O., LTD. Allrights reserved
Slide 12: Number of Employees (Financial Report Basis)
Number of Employees (Financial Report Basis) (Number of employees) Domestic © Overseas -99 +122 ——» 5070 4836 ——. 4737 ——* 4859 Mar, 2019 Mar, 2020 Mar, 2021 Mar, 2022 (© 2023 HIROSE ELECTRIC €O., LTD. All rights reserved. Mar, 2023 12
Slide 13: Distribution of Shareholders
Distribution of Shareholders Mar, 2019 Mar, 2020 Mar, 2021 (© 2023 HIROSE ELECTRIC €O., LTD. All rights reserved. Mar, 2022 Mar, 2023 Treasury Stocks ~ Individual and Others @ Foreign Corporation @ Other Corporation © Securities Firm = Financial Institution 13
Slide 14: Sales by Application_General Industrial
Sales by Application_General Industrial (Yen in hundred millions) FY2021 FY2022 | wor | FY2022 / FY2021 Sales 265 147 152 564 347 180 164 +23% @ FY2022 Composition ratio @ Changes in quarterly sales 179 180 168 164 147 152 131 134 il 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2021 FY2022 @ Reflecting the weak demand
Slide 15: Sales by Application_Smartphone
Sales by Application_Smartphone (Yen in hundred millions) YoY FY2022 / FY2021 Sales 158 93 88 339 164 95 81 340 +0% @ FY2022 Composition ratio @ Changes in quarterly sales 95 nn) 89 72 75 1Q 2Q 3Q, 4Q 1Q 2Q 3Q 4Q FY2021 FY2022 m Seasonality pushed down the sales in 4Q. Resulted in almost the same as
Slide 16: Sales by Application_Consumer/Mobile Equipment
Sales by Application_Consumer/Mobile Equipment (Yen in hundred millions) FY2021 FY2022 | wr | a a Sales 160 313 186 69 45 300 - 4% @ Changes in quarterly sales @ FY2022 Composition ratio 98 32 88 71 85 75 69 45 ™ 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2021 FY2022 m Demand of China area taking the most share in t
Slide 17: Sales by Application_Automotive/Mobility-related
Sales by Application_Automotive/Mobility-related (Yen in hundred millions) FY2021 FY2022 | ver | FY Sales 143 77 292 174 90 360 4+23% @ FY2022 Composition ratio @ Changes in quarterly sales 86 96 88 90 3B 3 2 7 il 4Q 1Q 2Q 3Q, 4Q 1Q 2Q 3Q FY2021 FY2022 = Compared to the previous FY, the sales in FY2
Slide 18: Sales by Application_Telecommunications infrastructure equipment / OA equipment
HS Sales by Application_Telecommunications infrastructure equipment / OA equipment (Yen in hundred millions) FY20214 FY2022 FY2022 / 1 FY21 1H 3Q Q | Fr2i 34 13 13 60 Telecommunications - 3% H 3Q 4Q infrastructure 3 0 1 7 1 5 62 equipment OA equipment 12 6 5 23 12 7 5 24 +4% @ FY2022 Composition rat
Slide 19: Business Forecast for the Year Ending March 31, 2024 (Consolidated)
Business Forecast for the Year Ending March 31, 2024 (Consolidated) HS FY2022 (FY ended March 31, FY2023 (FY ending March 31, First Half Over the For the Year Over the 2023) Actual 24) Forecast Previous Actual Amount Previous Actual Amount — ‘rime change * change * lange Change Sales 947.0 1,832.2 9
Slide 20: Annual Sales Forecast by Applications
Annual Sales Forecast by Applications (round of number) 691 a ~ re FY2022 FY2023 FY2022 FY2023 FY2022 FY2023 Actual Forecast Actual Forecast Actual Forecast General Automoti Industrial Simeneelneme Mobility relate FY2023 Annual growth rate @ General Industrial @ Smartphone @ Automotive/Mobility-rela
Slide 21: Updated Capital Policy for Medium Term
Updated Capital Policy for Medium Term We will enhance capital efficiency and carry out active investment for growth 【Target from FY2022 to FY2025】 and continuous shareholder return as well as maintaining high profitability ROE: 10％ management by realizing sustainable growth for medium to long term.
Slide 22: Actions for Carbon Neutrality
Actions for Carbon Neutrality Targets for reduction of CO₂ emissions (Scope 1 and 2) ◦60% reduction in CO₂ emissions by FY2027 relative to FY2021 ◦Carbon neutrality by FY2050 Actively seek to introduce renewable energy in addition to our energy conservation effort. After achieving 100% renewable ene
Slide 23: Investment to Human capital
Investment to Human capital > Health & Productivity Management, Passing of the Philosophy Promotion of Health and Productivity Management a ed 2023 ERAS BRIA Heath of produciy murat 252 BE as EDEERMARE RRA, REROMMEREREOS WaT HA, (Kemsengery | x MR LE BERTEAORLSWEL RE. 5m RNC SAZ DL EMBL Lat aximem I
Slide 24: Appendix
Appendix © 2023 HIROSE ELECTRIC CO., LTD. All rights reserved. 24
Slide 25: Sales by Industry Segments Round Number (Quarterly Basis)
Sales by Industry Segments Round Number (Quarterly Basis) (Yen in hundred millions) FY2021 FY2022 FY2022 Composition 1@ -2Q_—ts 3 40 | Apiction General Industrial 131 134 147 Smartphone 72 86 93 ‘Voble Eauipment 75 85 82 Telecommunications Infrastructure 15 15 17 a ee cn re OA Equipment 6 6 6 Connec
Slide 26: HIROSE
HIROSE He5 ELECTRIC Co.,LTD.