Marubun Corporation · TSE:7537
Marubun — Q2 FY3/2021 Earnings Presentation
39 slides from Marubun's earnings presentation, November 2020
Slide 1: Financial Results for the 2nd Quarter of Fiscal Year Ending March 31, 2021
Confidential Financial Results for the 2nd Quarter of Fiscal Year Ending March 31, 2021 November 2020 © 2019 MARUBUN CORPORATION
Slide 2: Agenda
Confidential Agenda 1. 1H FY3/21 Summary of Consolidated Financial Results 2. Medium-Term Vision Business Strategies and Key Initiatives 3. FY3/21 Summary of Consolidated Financial Forecasts 4. Return to Shareholders 5. About Marubun © 2020 MARUBUN CORPORATION
Slide 3: 1H FY3/21 Summary of Consolidated Financial Results
Confidential 1H FY3/21 Summary of Consolidated Financial Results © 2019 MARUBUN CORPORATION
Slide 4: 1H FY3/21 Summary of Financial Results
Confidential 1H FY3/21 Summary of Financial Results (Millions of Yen) YoY Changes Initial 1H FY3/20 1H FY3/21 Composition Initial Composition Forecasts Actual Actual Amount % vs Actual Ratio Forecasts Ratio Net sales 138,703 100.0% 136,500 137,268 100.0% (1,435) -1.0% 768 Electronic Devices 117,020
Slide 5: 1H FY3/21 Electronic Devices Business Net Sales Breakdown by Product
1H FY3/21 Electronic Devices Business Confidential Net Sales Breakdown by Product (Millions of Yen) Increase in measuring equipment for communication infrastructure Increase for communication equipment & consumer equipment Decrease for automobile equipment & PC © 2019 MARUBUN CORPORATION 4
Slide 6: 1H FY3/21 Electronic Devices Business Market Trend by Application
1H FY3/21 Electronic Devices Business Confidential Market Trend by Application Market Trend Communication Equipment Increase for communication equipment Automobile Decrease for infotainment Consumer Equipment the same level as last year Computer & Office Equipment Decrease for PC and projector Indus
Slide 7: 1H FY3/21 Electronic Systems Business Net Sales Breakdown by Product
1H FY3/21 Electronic Systems Business Confidential Net Sales Breakdown by Product (Millions of Yen) Decrease for Diagnostic imaging equipment Decrease High reliability device for artificial satellites © 2019 MARUBUN CORPORATION 6
Slide 8: 1H FY3/21 Summary of Balance Sheets
Confidential 1H FY3/21 Summary of Balance Sheets (Millions of Yen) FY3/20 1H FY3/21 Changes Reason for change Actual Actual Amount Total assets 131,451 126,175 (5,276) Current assets 118,617 113,350 (5,267) Cash and deposits 3,833 Notes and accounts receivable-trade (4,729) Merchandise and finished
Slide 9: Medium-Term Vision Business Strategies and Key Initiatives
Confidential Medium-Term Vision Business Strategies and Key Initiatives © 2019 MARUBUN CORPORATION
Slide 10: Initiatives for Electronic Devices
Confidential Initiatives for Electronic Devices Initiatives to address Business portfolio enhancement Productivity enhancement Promote initiatives to maximize business profit © 2020 MARUBUN CORPORATION 9
Slide 11: Initiatives for Electronic Devices
Confidential Initiatives for Electronic Devices Promoting the acquisition of new commercial rights ➡ Expanding the range of products handled by existing suppliers Deepening of ➡ Develop new products and new sales destinations to promote existing line cards new business Enhancing of organization
Slide 12: Initiatives for Electronic Systems
Confidential Initiatives for Electronic Systems Enhancing earnings capabilities Market-in Customer first Customer-in Differentiation of product, technology and services Promoting initiatives aiming for higher profitability © 2020 MARUBUN CORPORATION 11
Slide 13: Initiatives for Electronic Systems
Confidential Initiatives for Electronic Systems Expanding sales of highly reliable components and new Space and defense products electronics Sales promotion of automobile-related equipment Proactively promote the discovery of new suppliers and commercial products Industrial equipment Expansi
Slide 14: FY3/21 Summary of Consolidated Financial Forecasts
Confidential FY3/21 Summary of Consolidated Financial Forecasts © 2019 MARUBUN CORPORATION
Slide 15: FY3/21 Financial Forecasts
Confidential FY3/21 Financial Forecasts dたえr Point (compared to previous period) Sales of semiconductors for industrial equipment and automobiles declined. Net sales (Compared to initial forecast) Sales of semiconductors for telecommunications equipment increased. Gross profit Decrease due to sluggi
Slide 16: FY3/21 Electronic Devices Business Net Sales Forecasts by Product
FY3/21 Electronic Devices Business Confidential Net Sales Forecasts by Product (Millions of Yen) Increase in measuring equipment for communication infrastructure and software Decrease for communication equipment Decrease for automobile equipment and industrial equipment © 2019 MARUBUN CORPORATION
Slide 17: FY3/21 Electronic Systems Business Net Sales Forecasts by Product
FY3/21 Electronic Systems Business Confidential Net Sales Forecasts by Product (Millions of Yen) Increase in GPS inspection device Decrease laser micro processing equipment Increase in Electronic components assembly © 2019 MARUBUN CORPORATION
Slide 18: Return to Shareholders
Confidential Return to Shareholders © 2019 MARUBUN CORPORATION
Slide 19: Return to Shareholders
Confidential Return to Shareholders Dividend Policy Dividend Payout Ratio 30% or more (consolidated) Dividends Forecast FY3/21 (Yen) FY3/20 FY3/21 (Forecast) Annual Dividend Per Share 30.00 16.00 Interim Dividend 10.00 8.00 Year-End Dividend 20.00 8.00 Payout Ratio(%) - 46.5 © 2019 MARUBUN CORPORATI
Slide 20: About Marubun
Confidential About Marubun © 2020 MARUBUN CORPORATION
Slide 21: Company Profile
Confidential Company Profile Profile Business Domains Electronic Devices Electronic Systems Founded 1844 Business Business Semiconductors Space & Defense Incorporated July 1947 Electronics Electronic Components Head Office 8-1, Niihonbashi Odenmacho, Chuo-ku, Tokyo Industrial Equipment Las
Slide 22: History of Company Operations
Confidential History of Company Operations Japan Overseas 2019 Hokushinrika merged with Marubun Tsusho 2017 2018 Established subsidiary in Hungary KTL Corporatioa merged with Marubun 2014 2016 Established subsidiary in Indonesia and Mexico Business acquisition of KTL Corporation 2015 2013 Business a
Slide 23: Sales Trend for the Past 10 Years
Confidential Sales Trend for the Past 10 Years (Billions of Yen) © 2020 MARUBUN CORPORATION 22
Slide 24: Group Company
Confidential Group Company Marubun Tsusho MARUBUN/ARROW ASIA, LTD. MARUBUN/ARROW USA, LLC Co., Ltd. Electronic Devices Business Electronic Devices Business Electronic Systems Business Sales of semiconductors and electronic Sales of semiconductors and electronic Sales of medical equipment and t
Slide 25: Domestic Offices
Confidential Domestic Offices # of Marubun Offices:17 HQ Sales Office Marubun Tsusho Co.,Ltd. # of Logistics Center : 3 Operations Logistics Center (HQ: Kanazawa City) # of Affiliates : 3 Kanazawa Nagano Branch Affiliated Company (as of May 2020) Toyama Hakusan Center Fukui Nanao Matsu
Slide 26: Worldwide Sales Network
Confidential Worldwide Sales Network MARUBUN/ARROW ELECTRONICS (SHENZHEN) CO.,LTD. (Shenzhen) Marubun USA Corporation MARUBUN/ARROW (HK)LIMITED. Reno (Hong Kong) Marubun Arrow Europe Kft. Foothill Ranch (Budapest) MARUBUN/ARROW USA,LLC (Head Office:Centennial) Itasca Plymouth Duluth Addison MARUBUN
Slide 27: Value Provided
Confidential value provided Global Support Extensive line cards and product synergy Collaboration with Arrow Electronics (336 locations) Lineup of competitive suppliers at home and abroad Worldwide Japanese quality support by Marubun Arrow A wide range of products, from standard products to
Slide 28: Characteristics and Strengths -Electronic Devices-
Confidential Characteristics and Strengths -Electronic Devices- Wide Product Lineup through Overseas Suppliers Global Sales Network in Alliance with Arrow Electronics, Inc. (336 bases) Effective Solution Suggestion through High Technological Skill Strong Customer Base Wide Product Lineup Mar
Slide 29: Affiliations -Electronic Devices-
Confidential Affiliations -Electronic Devices- Comnany Head Quarter Establish Share Business Holding company of Marubun/Arrow Marubun USA Corporation California, U.S.A. October 1983 100.0% USA,LLC Supply of semiconductors and electronic Marubun Taiwan, Inc. Taipei, Taiwan November 1989 100.0% compon
Slide 30: Main Products (by Supplier) -Electronic Devices-
Confidential Main Products(by Supplier) -Electronic Devices- Semiconductor Electronic Components Item Electronic Electrical Analog IC Memory IC Microprocessor Special-use IC Custom IC Other Components Equipment Analog, Sensor, DRAM, Flash MPU, MCU, DSP ASSP,LED Custom,ASIC,FP Display, Crystal Robot,
Slide 31: Characteristics and Strengths -Electronic Systems-
Confidential Characteristics and Strengths -Electronic Systems- Providing Technologically Competitive Products in High-End Markets Consistent, High-Leve Technical Support (from system integration, installation to maintenance services) Our Function Marketing Consultation Order Order Technic
Slide 32: Affiliations -Electronic Systems-
Confidential Affiliations -Electronic Systems- Company Head Quarter Establish Share Business Sales of medical equipment and Marubun tsusho Co.,Ltd. Kanazawa City March 1961 100.0% measurement&inspection equipment Marubun West Kobe City May 2005 100.0% Sales of measurement&inspection equipment Corpor
Slide 33: Main Products -Electronic Systems- 1
Confidential Main Products -Electronic Systems- 1 Products Supplier Unihite System, Electronic Components Inspection FEI,Shimadzu,Akim,Seiko Equipment Industrial Epson Equipment ARTESYN,Aitech,ADLINK, Embedded computer system LayTec, Riber Siemens,Shimazu, Diagnostic Imaging Equipment Konica Minolta
Slide 34: Main Products -Electronic Systems- 2
Confidential Main Products -Electronic Systems- 2 Space & Defense Measurement & Inspection Equipment Electronics BEI Sensors Akim High-reliability Shimazu Electronic Components Components Gas Chromatography Inspection Equipment CPI FEI FUJI CORPORATION Microwave Infrared Inspection Ultra High Densit
Slide 35: Main Products -Electronic Systems- 3
Confidential Main Products -Electronic Systems- 3 Laser Equipment nLIGHT Laserline Laser Diode Laser Processor Informaiton & Medical Equipment Communication Siemens Japan Microchip Spirent Diagnostic Imaging Network Timeserver GNSS Simulator Equipment © 2020 MARUBUN CORPORATION 34
Slide 36: Quarterly Trend in Orders/Sales by Business
Confidential Quarterly Trend in Orders/Sales by Business Orders Sales © 2020 MARUBUN CORPORATION 35
Slide 37: Quarterly Trend in Sales of Electronic Devices by Product
Confidential Quarterly Trend in Sales of Electronic Devices by Product (Millions of Yen) © 2020 MARUBUN CORPORATION 36
Slide 38: Trend in Sales of Electronic Systems
Confidential Trend in Sales of Electronic Systems (Millions of Yen) © 2020 MARUBUN CORPORATION 37
Slide 39: Cautionary Statement
Confidential Cautionary Statement Information on future performance contained within this presentation material, such as the results forecasts, is based on the data available and assumptions judged to be reasonable as of when the Company prepared this presentation material. Contact MARUBUN CORPORATI