Financial Results FY2021 Q1-Q2（7213）

1. Current Results

（Unit：million yen）

FY2020

FY2021

Comparison

FY2021

Comparison

Q1-Q2

Q1-Q2

Change

Forecast

Change

%

%

Sales

6,178

(100.0)

5,081

(100.0)

-1,096

-17.7%

COGS

5,148

(83.3)

4,065

(80.0)

-1,083

-21.0%

Gross profit

1,029

(16.7)

1,016

(20.0)

-12

-1.2%

SG&A

1,673

(27.1)

1,813

(35.7)

+139

+8.3%

Operating Profit

-644

(-10.4)

-796

(-15.7)

-152

-

TBD

Ordinary Profit

-644

(-10.4)

-772

(-15.2)

-127

-

Net profit

-493

(-8.0)

-581

(-11.4)

-88

-

Net income per share

-38.74YEN

-45.50YEN

-6.76

-

Exch.rate（US$）

106.3

YEN

110.1

YEN

+3.8

3.6%

  • Due to the application of the revenue recognition standard, sales have decreased by 1,301 million yen and operating income has decreased by 192 million yen compared to before the standard was applied.

Sales graph

Ordinary Profit graph

3. Investments and R&D

(Unit：million yen）

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

Q1-Q2

Investment

306

492

770

916

337

85

Amortization

384

473

534

514

433

228

R&D

445

691

761

854

506

233

(FY2021 Q1-Q2 Breakdown）

Investment： Renewal of software and in-house equipment (molds, machines, devices etc.)

R&D：

Cashless payment, Expansion of LIVU function, Energy management system etc.

4. Market Share of Main Products in Japan

(Unit：％）

FY2017

FY2018

FY2019

FY2020

FY2021

Q1-Q

FBX for bus

57.8%

58.4%

60.1%

61.4%

61.9%

IC Card System

61.3%

61.5%

63.4%

64.2%

64.1%

（Unit：Millon yen）

Q1-Q2

26,051

Q3-Q4

25,000

21,538

20,000

16,985

15,749

15,.553

15,000

Q3-Q4

10,000

TBD

5,000

6,571

6,471

7,689

11,835

6,178

5,081

0

FY16

FY17

FY18

FY19

FY20

FY21

(forecast)

Q1-Q2

Q3-Q4

（Unit：Millon yen）

Full year

2,000

1,830

1,030

1,500

354

Q3-Q4

1,000

TBD

500

0

35

-500

-248

-1,000

FY16

FY17

FY18

FY20

FY20

FY21

(forecast)

Bus

LED Destination Sign

41.2%

40.9%

41.0%

40.9%

41.0%

LCD Sign

73.4%

71.4%

72.3%

69.6%

73.6%

Rail

FBX for rail

91.1%

90.4%

91.4%

91.4%

91.4%

Automob.

Fluorescent/LED Lightning for Trucks

85.9%

86.2%

87.2%

86.1%

83.2%

EMS

Recharger for Battery-Driven Forklifts

59.1%

61.9%

58.4%

57.9%

61.2%

5. Main events April 2021- October 2021

2021.04 Started handling "Smartphone commuter pass" and "1 day pass" for Nagaragawa Railway (Gifu Pref.) on the app "QUICK RIDE".

2. Revenues by Segment (FY2021）

(Unit：million yen）

Sales

FY2020

FY2021

Comparison

Change

%

Trans port

3,868

3,394

-474

-12.3%

(Bus)

(2,604)

(2,089)

(-515)

(-19.8%)

(Rail)

(805)

(783)

(-21)

(-2.7%)

(Automob.)

(458)

(520)

(+62)

(+13.7%)

En e r gy

Man age me n t

S yst e m

2,288

1,668

-619

(-27.1%)

(Power Supply)

(931)

(916)

(-15)

(-1.6%)

(Eco&High voltage)

(269)

(326)

(+57)

(+21.3%)

(EMS)

(1,087)

(426)

(-661)

(-60.8%)

Other

21

18

(-3)

(-13.3%)

(Elimination)

-

-

-

-

TOTAL

6,178

5,081

-1,096

-17.7%

Operating Profit

FY2020

FY2021

Comparison

%

Trans port

-558

-635

-77

(Bus)

-

-

-

(Rail)

-

-

-

(Automob.)

-

-

-

En e r gy

Man ag e me n t

S yst e m

-58

-142

-83

(Power Supply)

-

-

-

(Eco&High voltage)

-

-

-

(EMS)

-

-

-

Other

4

4

-0.1

(Elimination)

-30

-22

+8.6

TOTAL

-644

-796

-152

2021.04 Started handling "Daytime Ticket" for Gifu Bus (Gifu Pref.) on the app "QUICK RIDE"

2021.05 Awarded a contract for a cash fare collection system from North County Transit District, California, USA 2021.07 Started handling "1 day pass" and "Coupon ticket" for Umikko Bus (Aichi Pref.) on the app "QUICK RIDE 2021.09 Renewal of industrial quick charger

2021.09 Started handling "Coupon ticket" for Teisan Konan Kotsu (Shiga Pref.) on the app "QUICK RIDE"

2021.10 Started handling "Mobile commuter pass" for Kumamoto City Transportation Bureau (Kumamoto Pref.) on the app "QUICK RIDE"

2021.10 Started handling "commuter pass" and "coupon ticket" of Minokamo City Community Bus (Gifu Pref.) on the app "QUICK RIDE"

【Contact】LECIP HOLDINGS CORPORATION General Affairs Dep, PR Group TEL:+81-58-324-3121

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LECIP Holdings Corporation published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2021 01:01:00 UTC.