Fujikura Ltd · TSE:5803
Fujikura — Q3 FY2020 Earnings Presentation
24 slides from Fujikura's earnings presentation, Feb 8, 2021
Slide 1: 3Q FY2020 Financial Results
3Q FY2020 Financial Results February 8, 2021
Slide 2: Contents
Contents 1. Review of 3Q FY2020 Financial Results and FY2020 Forecasts 2. By Segment 3. Shareholder Return 1
Slide 3: 1. Review of 3Q FY2020 Financial Results and FY2020 Forecasts
1. Review of 3Q FY2020 Financial Results and FY2020 Forecasts 2
Slide 4: 3Q FY2020 Financial Results and FY2020 Forecasts
3Q FY2020 Financial Results and FY2020 Forecasts (Unit : Yen in billion) FY2020 FY2019 FY2020 （Forecasted on Nov.2） Full Year Full Year 1-3Q 1-3Q Full year Forecasts Forecasts Net Sales 518.1 672.3 478.0 630.0 600.0 Operating Income 8.6 3.3 17.3 15.0 11.0 Ratio of Operating Income to Net Sales(%) 1.
Slide 5: Summary of 3Q FY2020 Results and FY2020 Forecasts
Summary of 3Q FY2020 Results and FY2020 Forecasts 【YoY basis】 Net sales decreased because of the suspension of production by automobile manufactures due to COVID-19 and the decrease in demand in the domestic electric wire market and so on. But operating profit, ordinary profit and net income attri
Slide 6: Summary of 3Q FY2020 Results and FY2020 Forecasts
Summary of 3Q FY2020 Results and FY2020 Forecasts 【Full Year Forecast (comparison with the previously announced forecast) 】 In Power & Telecommunication Systems Company, it is expected to exceed the previous forecast because there is high demand for data center and FTTx all over the world and sale
Slide 7: 3Q FY2020 Contributing Factors to Net Sales Change
3Q FY2020 Contributing Factors to Net Sales Change (year-on-year basis) Net Sales (Unit : Yen in billion) Effects of Copper Prices Electronics +0.8 Business Effects of +14.1 Forex Automotive Products (5.1) Power & Business Telecommunication Systems (3.6) COVID-19 Other Business (24.4) (0.9) 518.1 (2
Slide 8: 3Q FY2020 Contributing Factors to Operating Income Change
3Q FY2020 Contributing Factors to Operating Income Change (year-on-year basis) Operating Income (Unit : Yen in billion) Product mix Reduction of etc. fixed costs through (1.6) structural reforms +5.7 Effects of Effects of cost COVID-19 Copper reduction Prices (2.7) measures +2.0 +5.2 8.6 17.3 8.7 hi
Slide 9: 3Q FY2020 Extraordinary Profit and Loss
3Q FY2020 Extraordinary Profit and Loss (Unit: Yen in billion) FY2019 FY2020 1-3Q Full year 1-3Q Operating Income 8.6 3.3 17.3 Share of other comprehensive income of entities accounted for using equity 1.2 1.1 0.2 method Extraordinary profit -3.7 Ordinary Income 7.3 1.3 13.5 ・Gain on sale of investm
Slide 10: FY2020 Forecast: Reduction of depreciation due to impairment
FY2020 Forecast Reduction of depreciation due to impairment Improvement of business structure (Unit: Yen in billion) FY2020 Segment 1-3Q Full year Comment Power & 【impairment】 Telecommunication 2.4 3.2 ・FY19 Optical fiber manufacturing assets (2.2) Systems Company ・FY19 Fiber laser manufacturing ass
Slide 11: Consolidated B/S (1)
Consolidated B/S (1) （Unit: Yen in billion） As of March As of Dec. Change 31, 2020 31, 2020 〈Assets〉 576.1 593.5 +17.4 Current Assets 299.8 331.1 +31.3 Cash and Deposits 44.7 73.7 +29.0 Accumulation of liquidity at hand to handle COVID-19 Notes and Account 128.9 134.3 +5.4 Receivable Inventories 103
Slide 12: Consolidated B/S (2)
Consolidated B/S (2) （Unit: Yen in billion） As of March As of Dec. Change 31, 2020 31, 2020 Total 576.1 593.5 +17.4 (Treasury Stock) ((10.9)) ((10.9)) (+0.1) Increased due to seasonal 〈Liability〉 404.0 411.9 +7.9 factors mainly in Electronics Notes and Account Business Company 65.8 73.1 +7.3 Payable
Slide 13: 2. By Segment
F Fujikura 2. By Segment
Slide 14: Financial Results and Forecasts by Segment
Financial Results and Forecasts by Segment （Unit: Yen in billion） Net Sales Operating Income and Ratio of Operating Income to Net Sales 1-3Q 1-3Q FY2020 1-3Q 1-3Q FY2020 Segment FY2019 FY2020 Change Full Year FY2019 FY2020 Change Full Year Results Results Forecasts Results Results Forecasts Power &
Slide 15: Power & Telecommunication Systems Company
Power & Telecommunication Systems Company In 1-3Q FY2020, compared to the same period of the previous year, net sales decreased due to the decrease in demand in the domestic electric wire market and the intensifying competition in optical fiber etc. But profit increased because the transmission bu
Slide 16: Electronics Business Company
Electronics Business Company Compared to the same period last year, both net sales and profit in 1-3Q FY2020 increased due to the increase in the demand for smartphones and special demand attributed to Stay Home for digital devices etc. （Unit: Yen in billion） Net sales and Ratio of Operating Incom
Slide 17: Automotive Products Company
Automotive Products Company Both net sales and profit in 1-3Q FY2020 significantly decreased because production of automobile manufactures was suspended due to lockdown which was carried out all around the world because of COVID-19. But the productivity is improved and the business achieved profit
Slide 18: Real Estate Business Company
Real Estate Business Company Revenues from leasing real estate properties continue to contribute to consolidated operating income. （Unit: Yen in billion） Net sales and Ratio of Operating Income to Net Sales Real Estate Ratio of Operating Income to Net Sales Continuous stable revenues from leasing
Slide 19: CAPEX and Depreciation Cost
CAPEX and Depreciation Cost （Unit: Yen in billion） FY2019 FY2020 1-3Q Forecasts 1-3Q Full year FY2020 （11.2） CAPEX 24.1 30.1 13.6 17.0 (for manufacturing 23.2 28.8 12.9 16.0 business) (for real estate business) 0.9 1.4 0.7 1.0 Depreciation Cost 27.5 35.7 24.9 33.0 (for manufacturing 26.0 33.7 23.4 3
Slide 20: Net Debt and Shareholders' Equity
Net Debt and Shareholders’ Equity （Unit: Yen in billion） As of As of As of As of As of 31st Dec 2019 31st Mar 2020 30th Jun 2020 30th Sep 2020 31st Dec 2020 Cash and deposits① 37.3 44.7 58.6 66.9 73.7 Interest-bearing Debts② 272.8 260.7 280.3 270.0 264.7 ①－②Net Debt 235.4 216.0 221.8 203.1 191.0 Sha
Slide 21: 3. Shareholder Return
F Fujikura 3. Shareholder Return
Slide 22: Profit Return
Profit Return Dividends FY2020 Forecast As a result of comprehensive consideration based on the consolidated business forecast and environment, we regret to say we will not pay any dividends in FY2020. We will continue to work on improving the business structure in order to realize an early return
Slide 23: Special Notes
Special Notes: Statements in this presentation that relate to future to results and events (including statements regarding Fujikura's revenue and earnings guidance) and based on Fujikura's current expectations. Actual results in future periods may differ materially form those currently expected beca
Slide 24: Net Sales and Operating Income by Segment
【3Q FY2020 Financial Results Appendix】 Net Sales and Operating Income by Segment Net Sales Records and Forecast by Segment Unit: Yen in Billion FY2020 FY2019 FY2020 Forecast on Nov 2 Full 1Q 2Q 3Q 4Q 1H 2H Full Year Full Year 1Q 2Q 3Q 4Q 1H 2H Year Results Results Results Forecasts Results Forecasts