Foster Electric : Financial Results Briefing for the First Half of the Fiscal Year Ending March 31, 2022

Financial Results Briefing for the First Half of the Fiscal Year Ending March 31, 2022

Foster Electric Company, Limited

(Stock code: 6794, First Section, Tokyo Stock Exchange)

November 11, 2021

©Foster Electric Company, Limited. 2021. All rights reserved.

Contents

I. Overview of Financial Results for the First Half
of the Fiscal Year Ending March 31, 2022	P. 2
II. Summary of the First Half and Forecasts
for Fiscal Year Ending March 31, 2022	P. 11
III. Progress of Medium-Term Business Plan	P. 18
IV.Reference Materials	P. 24

©Foster Electric Company, Limited. 2021. All rights reserved.	1

I. Overview of Financial Results for the First Half of the Fiscal Year Ending March 31, 2022

©Foster Electric Company, Limited.2021. All rights reserved.

.

1H FY03/22 Results

					(Millions of yen)
			1H FY03/22 (Actual)
	1H FY03/21			Amount of change	Percentage change
				(YoY)	(YoY)
Net sales	39,528	43,976	4,448	11.3%
Operating income (loss)	(688)	(1,568)	(880)	―
Operating income (loss) to net sales	(1.7%)	(3.6%)
Ordinary income (loss)	(488)	(1,433)	(945)	―
Ordinary income (loss) to net sales	(1.2%)	(3.3%)
Net income (loss)*	(829)	(2,093)	(1,264)	―
Net income (loss) to net sales**	(2.1%)	(4.8%)
Dividends per share (in exact yen)	10.00	10.00	0.00	0.0%
Exchange rates	106.33 yen/USD	110.13 yen/USD
121.65 yen/EUR	131.20 yen/EUR

*Net income (loss) attributable to owners of the parent. **Net income (loss) to net sales attributable to owners of the parent.

©Foster Electric Company, Limited. 2021. All rights reserved.	3

Segment Performance

							(Millions of yen)
			1H FY03/21	Composition	1H FY03/22	Composition Percentage
				ratio		ratio	change (YoY)
	Net sales	39,528		43,976		11.3%
	Operating income (loss)	(688)		(1,568)		―
		Income ratio	(1.7%)		(3.6%)
		Sales	23,892	60.3%	33,294	75.7%	39.4%
Speaker		Operating income (loss)	(584)	―	(1,045)	―	―
		Income ratio	(2.4%)		(3.1%)
		Sales	12,593	31.8%	7,137	16.2%	(43.3%)
Mobile Audio		Operating income (loss)	5	―	(631)	―	―
		Income ratio	0.0%		(8.8%)
		Sales	3,176	7.9%	3,880	8.1%	22.2%
Other		Operating income (loss)	(109)	―	108	―	―
		Income ratio	(3.4%)		2.8%

©Foster Electric Company, Limited. 2021. All rights reserved.	4