This presentation contains forward looking statements that are based on current expectations and assumptions.
Actual results could differ materially due to risks and uncertainties, which includes, but not limited to, currency fluctuation and competitive activity.
Financial Results for 1Q of FY 2021
Key Notes
Financial Results for 1Q of FY 2021
Sales and profit increased, exceeding the initial forecast, mainly in the mainstay Watches and Machine Tools segments.
All businesses achieved to operating profitability due to the recovery of net sales following the resumption of economic activity.
FY 2021 Forecasts
Based on actual results for Q1 of FY2021, the forecast for the financial results for H1 has been revised upward.
Net Sales 268.0 billion yen(Change from previous forecast: +8.0 billion yen)
Operating profit 13.8 billion yen(Change from the forecast made last year: +3.8 billion yen)
Increased dividend 18.0 yen (Interim 9.0 yen, year-end 9.0 yen)
3
Financial Results for 1Q of FY 2020
FY2020
FY2021
YoY Change
（Unit︓billion yen)
Q1 Result
Q1 Result
Amount
％
Net sales
36.8
65.7
+28.9
+0.8
Operating profit
▲ 5.6
4.2
+9.8
-
Operating margin
▲15.3%
6.4%
-
-
Ordinary Profit
▲ 4.9
5.0
+9.9
-
Profit attributable to owners
▲ 6.7
4.3
+11.1
-
of parent
Exchange rate
¥108/USD
¥109/USD
-
-
¥118/EUR
¥131/EUR
Posted a gain on sales of land and buildings : 0.8 billion yen (Extraordinary profit)
4
1Q21 Result by Business Segments
Net sales
FY2020
YoY change
FY2021
（Unit: billion yen）
Q1 Result
Q1 Result
Amount
％
■ Watches
12.0
29.0
+16.9
+141.0%
■ Machine Tools
10.0
18.6
+8.5
+85.2%
■ Devices and Components
10.4
13.1
+2.6
+25.7%
■
Electronic and Other Products
4.2
4.9
+0.6
+15.0%
Consolidated Total
36.8
65.7
+28.9
+78.4%
Operating Profit
(Unit: billion yen, %:operating margin)
■ Watches
▲ 3.8
1.4
+5.3
-
(▲31.8%)
(5.2%)
■ Machine Tools
0.3
2.6
+2.3
+618.6%
(3.7%)
(14.3%)
■ Devices and Components
▲ 0.7
0.9
+1.6
-
(▲7.3%)
(7.1%)
■
Electronic and Other Products
▲ 0.3
0.3
+0.6
-
(▲7.2%)
(7.4%)
Eliminations or general corporate
▲ 1.1
▲ 1.2
▲ 0.1
-
Consolidated Total
▲ 5.6
4.2
+9.8
-
(▲15.3%)
(6.4%)
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Disclaimer
Citizen Watch Co. Ltd. published this content on 18 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2021 05:53:06 UTC.
Citizen Watch Co., Ltd. is one of the world's largest watch manufacturers. Net sales break down by family of products as follows:
- watches and clocks (50.9%);
- industrial machines (21%): digital control lathes, machine tools, industrial robots, etc.;
- electronic devices (20.1%): electroluminescent diode microchips, quartz oscillators, electronic viewfinders, etc.;
- electronic equipment (6%): electronic thermometers, calculators, printers, medical equipment, etc.;
- other (2%): jewels, automotive components, etc.
CITIZEN WATCH CO., LTD. 
