Shibaura Electronics : FY2022 financial results briefing （for institutional investors）（1MB）

SHIBAURA ELECTRONICS CO., LTD.

Fiscal Year 2022 Financial Results

May 30, 2023

01 Financial Data

Briefing on Financial Results for the Fiscal Year Ended March 31, 2023

(April 1, 2022 to March 31, 2023)

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FY2022 financial results

Net sales	33,193 mil. yen	+8.4% (year-on-year)
Operating income	5,460 mil. yen	-2.0%(year-on-year)
Operating income	16.5％	18.2% (same period previous year)
margin
Basic earnings per	500.64 yen	474.52 yen (same period previous year)
share
Annual dividends	200 yen (plan)	150 yen (previous year)

• Net sales +8.4%

• Going strong for sensors for automobiles, air conditioners and heat-pump water heaters

• Operating income -2.0%

• Both operating income and operating income margin decreased compared with the same period of the previous year due to the lockdown in Shanghai in the second quarter, higher raw material prices, increased expenses, and other cost increases.

	Basic earnings per share 500.64 yen
•	The first 500 yen level for Shibaura
	©2022 SHIBAURA ELECTRONICS CO., LTD. All Rights Reserved.	3

Statement of income (Summary)

(Amount: mil. yen)

	FY2021 full year		FY2022 full year
	Amount	Composition	Amount	Composition	Comparison
	ratio	ratio	with last year
Net sales	30,612	100.0％	33,193	100.0％	+2,581
Cost of sales	21,604	70.6％	24,010	72.3％	+2,406
Gross profit	9,007	29.4％	9,183	27.7％	+176
Selling, general and	3,434	11.2％	3,722	11.2％	+288
administrative expenses
Operating income	5,572	18.2％	5,460	16.5％	-112
Non-operating income	80	0.3％	170	0.5％	+90
Non-operating expenses	20	0.1％	13	0.0％	-7
Ordinary profit	5,633	18.4％	5,617	16.9％	-16
Extraordinary income	11	0.0％	84	0.3％	+73
Extraordinary loss	298	1.0％	63	0.2％	-235
Income taxes and others	1,687	5.5％	1,803	5.4％	+116
Net income attributable to	3,654	11.9％	3,830	11.5％	+176
owners of the parent
ROE	13.5	-	12.7	-	-
©2022 SHIBAURA ELECTRONICS CO., LTD. All Rights Reserved.			4

Operating income variation factors

(compared with the same period the previous year)

Operating income from

the same period the previous year -112 mil. yen

(Mil. yen)

	Increase in fixed cost
	(such as labor cost)
Increase in sales		Increase in variable cost
-221	(such as raw material cost)
+2,581
FY2021		-2,472
	FY2022
Operating income		Operating income
5,572		5,460

Increase in net sales

+ Increase in sales for automobiles (electrified vehicles), air conditioners, household equipment, industrial equipment, Weak yen

• Decrease in elements for automobiles (gasoline vehicles) and cooking appliances

Increase in fixed cost

• Increase in labor cost

• Decrease in depreciation

Increase in variable cost

• Increase in material costs, electricity prices, packing & freight costs and other costs

©2022 SHIBAURA ELECTRONICS CO., LTD. All Rights Reserved.

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