Optex Group Company Limited · TSE:6914
Optex — Q3 FY2023 Earnings Presentation
32 slides from Optex's earnings presentation, Nov 8, 2023
Slide 1: Presentation Material for the Third Quarter of FY2023
Presentation Material for the Third Quarter of FY2023 (Jan.1 to Sep.30, 2023) OPTEX GROUP CO., LTD. November 8, 2023 （Tokyo Stock Exchange Prime Market:#6914） <Disclaimer> The forward-looking statements, including OPTEX CO., LTD.’s operating results, strategies, and business plans, contained in thes
Slide 2: Key Points of Q3 FY2023 Financial Results
Key Points of Q3 FY2023 Financial Results - Net sales were +1% year on year. SS Business: In Japan, sales to main customers were strong. Outside Japan, sales were weak due chiefly to inventory adjustments. IA Business: Sales of FA-related were sluggish given customers' restraint on capital investmen
Slide 3: Summary of Q3 FY2023 Financial Result
Summary of Q3 FY2023 Financial Result Q3(1-9) FY2022 Q3(1-9) FY2023 Percent (Unit: million yen) Change Results Results Change Net sales 40,468 41,036 +568 +1.4% Operating income 5,295 4,019 -1,276 -24.1% （Operating income Ratio） （13.1%） （9.8%） Ordinary income 6,239 4,453 -1,786 -28.6% Profit attribu
Slide 4: Comparison of Financial Results of Q3 FY2023 between Segments
Comparison of Financial Results of Q3 FY2023 between Segments Q3(1-9) FY2022 Results Q3(1-9) FY2023 Results (Unit:million yen) Operating Percent Operating Percent Net sales income Net sales income (Operating income Ratio) Change (Operating income Ratio) Change SS Business 17,339 2,293 18,405 +6.1% 2
Slide 5: Factors of change in Net Sales (Year-on-year)
Factors of change in Net Sales（Year- on-year） Impact of Exchange SS IA Rate Business Business +1,757 41,036 -56 40,468 -1,004 EMS Other Business Business -121 -8 FA -1,064 SS +1,121 MVL -587 IA +613 IPC +161 EMS +23 MECT +486 Q3(1-9) FY2022 Consolidated Net Sales Q3(1-9) FY2023 Results +¥568 million
Slide 6: Factors of change in Operating Income (Year-on-year)
Factors of change in Operating Income（Year- on-year） Impact of Increase Sales Exchange in Decrease Rate Expenses Impact of 5,295 -608 Increase +1,260 -795 Exchange in Cost Rate Rate -624 -509 4,019 Changes in product mix, etc. Selling, general and Gross operating income administrative Expenses Q3(1-
Slide 7: Quarterly performance - Consolidated Net Sales
Quarterly performance - Consolidated Net Sales (Year-on-year) 14,343 13,901 13,822 13,839 13,340 13,227 512 13,375 274 255 336 EMS/Other Business 546 499 231 397 422 399 756 150 116 1,150 1,107 311 11,776 11,817 1,304 886 11,299 782 916 1,110 10,974 301 449 IA Business(MECT) 772 271 826 270 759 977
Slide 8: Business by Segment - SS Business (Security Sensors)
Business by Segment - SS Business(Security Sensors) Region Q3(1-9) FY2023 Overview Quarterly Sales by Region (Unit: million yen) - Sales of outdoor security sensors for security 4,488 Japan companies and for large-scale critical facilities 4,148 4,227 4,001 4,164 increased. 4,110 3,808 938 - The dir
Slide 9: Business by Segment - SS Business (Automatic Door Sensors)
Business by Segment - SS Business(Automatic Door Sensors) Region Q3(1-9) FY2023 Overview Quarterly Sales by Region (Unit: million yen) - Sales of both automatic door sensors and Japan industrial door sensors remained firm. 1,454 - Sales of both automatic door sensors and 1,397 1,420 1,361 industrial
Slide 10: Business by Segment - IA Business (FA)
Business by Segment - IA Business(FA) Region Q3(1-9) FY2023 Overview Quarterly Sales by Region (Unit: million yen) - Sales of semiconductor-related products were 2,880 Japan weak following customers' postponement of capital 2,774 2,697 2,710 investment and inventory adjustments. 2,631 2,608 2,558 2,
Slide 11: Business by Segment - IA Business (MVL)
Business by Segment - IA Business(MVL) Region Q3(1-9) FY2023 Overview Quarterly Sales by Region (Unit: million yen) - Sales of products for semiconductors and for electric and electronic components were sluggish 3,413 3,425 3,502 as customers postponed capital investment. Japan 3,252 3,221 3,216 - A
Slide 12: Business by Segment - IA Business (IPC)
Business by Segment - IA Business(IPC) Region Q3(1-9) FY2023 Overview Quarterly Sales by Region (Unit: million yen) - Products for semiconductor manufacturing Japan equipment generated positive sales. 1,304 1,150 1,107 1,110 977 916 886 826 772 759 782 1,301 1,140 1,105 1,104 971 878 915 812 762 749
Slide 13: Business by Segment - IA Business (MECT)
Business by Segment - IA Business(MECT) Region Q3(1-9) FY2023 Overview Quarterly Sales by Region (Unit: million yen) - Deliveries of secondary battery manufacturing Japan equipment made good progress. Delivery of secondary battery manufacturing equipment in multiple large-scale projects. 756 546 499
Slide 14: FY2023 Consolidated Earnings Forecasts
FY2023 Consolidated Earnings Forecasts The full-year forecast is kept on hold since achievements in the SS Business and MVL-related (IA Business) are expected to be in line with plans, while performance is likely to be weak in FA-related(IA Business) due to the continued restraints on capital invest
Slide 15: Shareholder Return
Shareholder Return +4yen Year-end dividend（¥） 40 Interim dividend（¥） +6yen 36 Acquisition of treasury shares 32.5 30 30 2019 2021 20 1.0 1.0 18 Amount billion yen billion yen 15 15 15 No. of 670,000 630,000 shares shares shares 18 20 17.5 15 15 2019 2020 2021 2022 2023(Plan) Dividend payout ratio 54
Slide 16: TOPICS
TOPICS SS Business (Security Sensors) IA Business (MVL) Launched a high-performance laser Business alliance with DataGrid Inc. scan sensor for important facilities The use of DataGrid's generative AI will greatly reduce labor and costs incurred for the establishment Identifying the size of the objec
Slide 17: https://www.optexgroup.co.jp /en /
https://www.optexgroup.co.jp /en /
Slide 18: Company Overview
Company Overview © 2023 OPTEX GROUP CO., LTD. 18
Slide 19: Company Overview
Company Overview Company Name OPTEX GROUP CO., LTD. Location Shiga Otsu, Japan The OPTEX Group Established May 25, 1979 is an integrated Capital 2,798 million JPY manufacturer of sensors. Sales 54,811 million JPY To see things what eyes cannot see, that is our business ! Operating Profit 6,303 milli
Slide 20: Trends in Consolidated Performance
Trends in Consolidated Performance 74,000 2019 67,000 - U.S.-China trade tensions, 2020 economic slowdown in China - COVID-19 - Deceleration in demand for smartphone- related capital investment 57,000 54,811 2016 - Acquired CCS Inc. 45,866 40,113 37,504 37,517 10,000 2008 34,846 (14%) - Lehman Broth
Slide 21: Company Overview _ History
Company Overview _ History 1979 Established OPTEX CO., LTD. 1980 Developed the world's first Automatic Door Sensors with far-infrared Founding members 1985 Founded a subsidiary in California, U.S.A. 1991 Made the company's stock public. 1996 Developed Outdoor Crime Prevention Sensors 2001 Listed on
Slide 22: Holding Company Structure OPTEX GROUP CO., LTD
SS Business: Sensing Solution Business Holding Company Structure IA Business: Industrial Automation Business Holding Company OPTEX GROUP CO., LTD （Tokyo Stock Exchange Prime Market：#6914） OPTEX CO., LTD. OPTEX FA CO., LTD. CCS Inc. Sanritz Automation MITSUTEC CO., LTD. Co., Ltd. Development/manufac
Slide 23: Company Overview _ Data
Company Overview _ Data Sales by Product Category Sales by Region 3% EMS/Others IA（MECT）2% IA AMERICAs (IPC) 13% 8% SS Security Asia/ Sensors Oceania IA (MVL) 54.8 29% 14% 54.8 Japan 24% billion yen 45% billion yen (FY2022) SS (FY2022) Automatic Door Sensors SS 10% EMEA IA (FA) Others 28% 20% 4% © 2
Slide 24: Company Overview _ Global Market Share
Company Overview _ Global Market Share Global niche No.1 Security Automatic door Machine vision sensors sensors lighting 40% Outdoor Intrusion 30% Automatic door 30% LED inspection Detector sensor lighting Infrared sensor Laser scan sensor Camera sensor for large-scale LED lighting systems critical
Slide 25: Business Domain _ Security sensors
Business Domain _ Security sensors Largest market share in the world for outdoor intrusion detectors Residential home・Commercial facilities Residences Offices Alarm [Security company] signal Outdoor sensors Rush to the scene Police alerted in Europe and the United States Important facilities Oil, ga
Slide 26: Business Domain _ Automatic door sensors
Business Domain _ Automatic door sensors Domestic market share: Over 50% Overseas market share: Over 20% In 1980, we applied far-infrared rays, until Over 60% share Shopping centers then mainly used for military purposes, to of convenience stores automatic door sensors. The world's first Hospitals S
Slide 27: Business Domain _ Factory Automation sensors
Business Domain _ Factory Automation sensors Provision of sensors for factory automation which help automate factory production processes and save labor Displacement sensors Image sensors Photoelectric sensors Products for the semiconductor and Products for the three-item industries Products for the
Slide 28: Business Domain _ Machine Vision Lighting
Business Domain _ Machine Vision Lighting CCS produces lighting for image inspection using LED since 1993. Lighting for image inspections* When producing something at a plant, each stage of work requires an “inspection” process. Photos or images of the inspection targets are Letter/shape imaging (Sm
Slide 29: Business Domain _ Industrial Computers
Business Domain _Industrial Computers Provision of products that are highly reliable in terms of environmental durability, noise insulation, and other factors. Our competitive edge is that we highlight long-term technical support services based on a wealth of expertise on the development of hardware
Slide 30: Business Domain _ Mechatronics
Business Domain _Mechatronics Automation Systems Image Processing Inspection Systems "Motion technology" Boasting advanced mechatronics technology to move things ✓ High-speed/high-precision filling technology × ✓ High-speed material handling technology, etc. "Vision technology" to see things → High
Slide 31: Environment Social Governance
ESG’s Efforts _ We are proactively addressing ESG issues to enhance our corporate value. See our ESG report here. Environment Social Governance Initiatives to tackle environmental issues Initiatives for social issues Corporate governance initiatives [Support for the TCFD Recommendations] Aiming to b
Slide 32: https://www.optexgroup.co.jp /en /
https://www.optexgroup.co.jp /en /