FY24/3 Q1
Corporate Presentation
August 9, 2023
PersonalTech
For A Better World
Copyright 2023 Japan Display Inc. All Rights Reserved. | Slide 2 |
FY24/3 Q1 Earnings Review
FY24/3 Q1 Earnings Overview
Sales
Operating
Profit
JPY 53.0B
- YoY -7%（Core +9％, Non-Core-49％）
- vs. Plan ＋7％
JPY -13.9B
- YoY JPY -7.0B
- vs. Plan JPY +2.8B
(JPY billion)
- Core businesses (Automotive and Non-Mobile) up 9%
- Non-corebusiness (Mobile) down on strategic downsizing & exit
- YoY (+) factors: Fixed cost reductions including production end at G3.5 Higashiura Fab
- YoY (－) factors: Sales decline, higher material & energy costs, & inventory accounting effects
Net
Income
JPY -12.2B
- YoY JPY -7.2B
- vs. Plan JPY +5.6B
- Operating profit outperformance & FX gain driving net income outperformance
Copyright 2023 Japan Display Inc. All Rights Reserved. | Slide 4 |
Sales by Product Area
Continued Strategic Downsizing of Non-Core (Mobile) Business & Strong Performance of Core Businesses (Automotive & Non-Mobile)
Sales by Product Area
Automotive
Non-Mobile
Mobile (US/Euro)
Mobile (China)
57.1
26.9
14.5
10.1
5.7
(JPY billion）
53.0
29.1
15.8
6.4
1.7
- Automotive（Core: YoY +8.3％） Sales growth exceeded the impact of withdrawals from unprofitable products
- Non-Mobile（Core: YoY +9.1％） Increased wearable OLED shipments
- Mobile（Non-Core: YoY -48.7％） Strategically exiting unprofitable non- core business to focus on growing core Automotive & Non-Mobile businesses
FY23/3 Q1 | FY24/3 Q1 |
Copyright 2023 Japan Display Inc. All Rights Reserved. | Slide 5 |