Oki Electric Industry Company, Limited · TSE:6703

Oki Electric Industry — Q1 FY2024 Earnings Presentation

14 slides from Oki Electric Industry's earnings presentation, Aug 8, 2024

  1. Slide 1: Financial Results for Q1 FY2024

    Financial Results for Q1 FY2024 August 8, 2024 Oki Electric Industry Co., Ltd. © Copyright 2024 Oki Electric Industry Co., Ltd.

  2. Slide 2: Summary of Financial Results

    Summary of Financial Results  Net sales and Operating income increased significantly YOY.  Overall, the start has been roughly in line with the plan. Q1 Q1 (Billion yen) FY2024 FY2023 Variance (Actual) (Actual) Net sales 97.9 81.5 +16.4 Operating income (loss) 3.9 0.0 +3.9 Ordinary income (loss) 3

  3. Slide 3: Reasons for Changes in Operating Income/Loss

    Reasons for Changes in Operating Income/Loss  Operating income increased significantly due to the continued robust performance of large-scale projects in Enterprise Solutions from the second half of the previous fiscal year and the elimination of the impact of increased material costs in the same p

  4. Slide 4: Segment Information (Net Sales / Operating Income)

    Segment Information (Net Sales / Operating Income) Q1 Q1 (Billion yen) FY2024 FY2023 Variance (Actual) (Actual) Net sales 19.1 19.3 (0.2) Public Solutions Operating income (1.3) (0.1) (1.2) Net sales 45.2 27.4 +17.8 Enterprise Solutions Operating income 7.8 1.9 +5.9 Net sales 17.9 17.0 +0.9 Componen

  5. Slide 5: Overview by Segment: Public Solutions

    Overview by Segment Public Solutions  Net sales were roughly flat YOY, and while operating income was slightly lower from the previous year due to differences in product mix, the start was as planned.  Orders received during the fiscal year are growing steadily. Net sales（Billion yen） (Reference)

  6. Slide 6: Overview by Segment: Enterprise Solutions

    Overview by Segment Enterprise Solutions  Net sales and operating income increased significantly due to the continuation of large-scale projects from the second half of the previous fiscal year and the elimination of the impact of increased material costs in the same period. Net sales（Billion yen）

  7. Slide 7: Overview by Segment: Component Products, EMS

    Overview by Segment Component Products EMS  Net sales increased due to the impact of foreign  Net sales decreased due to the ongoing decline in exchange rates, although overseas printer demand demand in the semiconductor market and the FA and remained severe. Operating income improved due to robot

  8. Slide 8: Balance Sheets

    Balance Sheets  Inventories at the end of the previous fiscal year showed a steady decline.  Shareholders’ equity ratio was approximately the same as at the end of the previous fiscal year. (Billion yen) Jun. 2024 Mar. 2024 Variance Current assets 233.7 239.7 (6.0) Inventories / Turnover by days F

  9. Slide 9: Cash Flows

    Cash Flows  Operating cash flow increased due to improved profits.  Reduction of debt due to improved free cash flow. Q1 Q1 (Billion yen) FY2024 FY2023 Variance (Actual) (Actual) Ⅰ Cash flows from operating activities 14.3 2.2 +12.1 Ⅱ Cash flows from investing activities (4.4) (5.9) +1.5 Free cash

  10. Slide 10: Financial Forecasts

    Financial Forecasts  Initial forecasts left unchanged. FY2024 FY2023 （Billion yen） Variance (Forecasts) (Actual) Net sales 135.0 94.0 +41.0 Public Solutions Operating income 10.5 4.4 +6.1 Net sales 170.0 180.1 (10.1) Enterprise Solutions Operating income 12.5 22.0 (9.5) Net sales 75.0 73.4 +1.6 Com

  11. Slide 11: (Reference) Quarterly Results

    (Reference) Quarterly Results FY2023 FY2024 （Billion yen） Q1 Q2 Q3 Q4 FY Q1 Public Net sales 19.3 20.0 24.5 30.1 94.0 19.1 Solutions Operating income (0.1) (0.7) 1.4 3.9 4.4 (1.3) Enterprise Net sales 27.4 36.5 51.5 64.7 180.1 45.2 Solutions Operating income 1.9 2.0 6.6 11.4 22.0 7.8 Component Net s

  12. Slide 12: (Reference) Major Products and Services

    (Reference) Major Products and Services • Roads (ETC, VICS), air traffic control, disaster prevention, firefighting • Business systems for central government offices, government statistics systems Public • Defense systems (underwater acoustics, information) Solutions • Aviation equipment • Infrastru

  13. Slide 13: (Reference) Major Working Capital: Changes in the number of days held

    (Reference) Major Working Capital: Changes in the number of days held unit：days 86 78 66 73 73 69 81 77 74 93 66 80 99 107 110 102 108 112 104 108 101 96 82 82 End of End of End of End of End of End of 23/03末 Mar. 2023 23/06末 Jun. 2023 23/09末 Sep. 2023 23/12末 Dec. 2023 24/03末 Mar. 2024 24/06末 Jun. 2

  14. Slide 14: Notice

    Notice • The projections and plans in this material are based on information currently available to OKI as of the date of publication and certain assumptions judged as rational, therefore actual results are subject to change depending upon the changes of business environments and other conditions. •

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