ダイヤモンドエレクトリックホールディングス（6699） – [Delayed] Financial Report

Financial ReportI. 4Q FY2021 Financial ResultsII. 4Q FY2021 Comparison with the(Fiscal Year ended March 2022)forecast Summary of 4Q Fiscal Year ended March 2022 (P/L)4Q FY2021 Contrast of Actual Results(Previous Forecast vs. 4Q Result)・・・08Analysis of Consolidated Operating IncomePerformance by SegmentSummary of 4Q Fiscal Year ended March 2022 (B/S)Summary of Geographic Operating IncomeR&D Expense and Capital Expenditure・・・・・・・・・・・・・・・・・・020304050607DIAMOND ELECTRIC HOLDINGS Co., Ltd.Tokyo Stock Exchange Prime section 6699May 2022© 2022 DIAMOND ELECTRIC HOLDINGS Co., Ltd.Summary of 4Q Fiscal Year ended March 2022 (P/L)- Sales recovered from the previous fiscal year, but operating income deteriorated significantly due to the high raw material costs and other factors.- Net sales and operating income decreased in the Energy Solutions business, sales increased but income dropped in the Mobility Equipment and Home Electronics business.2© 2022 DIAMOND ELECTRIC HOLDINGS Co., Ltd.2022/03/4QActualActualVarianceVariance %Net Sales76,27170,6395,6328.0%　Mobility Equipment27,50424,4103,09412.7%　Energy Solutions21,93223,831▲ 1,899▲8.0%　Home Electronics26,83422,3964,43819.8%Gross profit11,12211,922▲ 800▲6.7%　Mobility Equipment1,8861,959▲ 73▲3.7%　Energy Solutions6,4777,260▲ 783▲10.8%　Home Electronics2,7592,703562.1%(cid:9)Operating income4922,247▲ 1,755▲78.1%　Mobility Equipment▲ 1,564▲ 1,431▲ 1339.3%　Energy Solutions3,7874,520▲ 733▲16.2%　Home Electronics277826▲ 549▲66.4%　Other▲ 2,007▲ 1,666▲ 34120.5%Ordinary profit1,2682,470▲ 1,202▲48.7%Net Income1,287951,1921254.7%ＲＯＥ15.0%1.5%Operating Profit Ratio0.6%3.2%（Millions of JPY）2021/03/4QAnalysis of Consolidated Operating Income- Net sales recovery in global automobile and air conditioner parts sales from the COVID-19 disaster was remarkable, however a sharp rise in raw material prices and higher transportation costs affected with even greater impact, which led to a significant deterioration in operating income.3© 2022 DIAMOND ELECTRIC HOLDINGS Co., Ltd.Performance by SegmentNOTE Segment has been changed from the fiscal year ending March 31, 2020: segments have been partially changed from 3Q 2022/03, and figures for 2Q 2022/03 have been retroactively adjusted.- Mobility Equipment: sales increased in 4Q as automakers’ production cutbacks caused by semiconductor – Energy Solution: sales and income decreased due to continued production adjustments caused by semiconductor – Home Electronics: profit improved in 4Q due to sales increase despite the impact of raw material price hikes.Segment Sales (By Quarter, Millions of JPY)Segment Profit (By Quarter, Millions of JPY)shortages etc. recovered.shortages since 3Q.Home ElectronicsEnergy SolutionsMobility Equipment6,8106,8656,1066,9595,9804,4776,6566,3086,9126,9594,6107,628Home ElectronicsEnergy SolutionsAutomotive Equipment2641,2611,414▲ 356▲ 227▲ 81152397▲ 430715▲ 551▲ 581Q2Q3Q4Q1Q2Q3Q4Q2022/032022/034© 2022 DIAMOND ELECTRIC HOLDINGS Co., Ltd.Summary of 4Q Fiscal Year ended March 2022 (B/S)-Inventories (products and raw materials) increased due to production adjustments caused by semiconductor shortages and other factors.- Fixed assets increased due to increased investments for new businesses in both the automotive and electronic device.*Interest-bearing debt = Short-term debt + Current portion of bonds + Current portion of long-term debt + Bonds + Long-term debt + Lease obligations.5© 2022 DIAMOND ELECTRIC HOLDINGS Co., Ltd.2022/03/4QActualActualvariance Current Assets46,01944,9561,063 Cash and deposits10,74515,418▲ 4,673 Notes and accounts receivable-trade12,90013,849▲ 949 Inventories18,08712,9095,178 Non-Current Assets22,70819,1293,579 Property, plant and equipment15,44713,4022,045 Assets68,72764,0854,642 Notes and accounts payable-trade8,7928,7848 Electronically recorded obligations-operating5,2395,594▲ 355 Liability with Interest*34,29830,6893,609 Liabilities58,55156,8991,652 Equity10,0747,0493,025 Equity Ratio14.7%11.0%3.7pt Net Assets10,1767,1852,991（Millions of JPY）2021/03/4QSummary of Geographic Operating IncomeSales by Region (%)Asia33%Japan49%Europe6%USA12%Results by Region6© 2022 DIAMOND ELECTRIC HOLDINGS Co., Ltd.2022/03/4Q2020/03/4Q2019/03/4QActualActualVarianceVariance %ActualActual Japan37,60638,808-1,202-3.1%31,28721,030 USA9,1517,4831,66822.3%9,60911,943 Europe4,8374,19364415.4%5,3685,015 Asia24,67520,1554,52022.4%24,74817,6222021/03/4Q（Millions of JPY）R&D Expense and Capital Expenditure- R&D expenses increased primarily due to the development of next-generation energy storage systems (ESS) for – Capital expenditures and depreciation reflect the expansion of facilities for new orders in the Mobility Equipment residential use.business.7© 2022 DIAMOND ELECTRIC HOLDINGS Co., Ltd.2022/03/4Q2022/03/4Q2021/03/4QVarianceVarianceActualForecastActualActual vs. ForecastActual (’22 vs. ’21) R&D Expenses2,9233,6502,713▲ 727210 Mobility Equipment8101,0001,072▲ 190▲ 262 Energy Solutions1,4871,8001,124▲ 313363 Home Electronics523750399▲ 227124 Other1021001162▲ 14 Capital Investment3,4034,3002,139▲ 8971,264 Mobility Equipment2,1532,0001,482153671 Energy Solutions178300347▲ 122▲ 169 Home Electronics1,0021,600290▲ 598712 Other6840018▲ 33250 (cid:9)Depreciation2,1692,3602,198▲ 191▲ 29 Mobility Equipment1,4851,5001,436▲ 1549 Energy Solutions139200245▲ 61▲ 106 Home Electronics502600495▲ 987 Other416021▲ 1920（Millions of JPY）2022/03 Contrast of Actual Results（ Forecast vs Actual ）- While net sales exceeded the previous forecast by the recovery of production activities in March, operating profit was slightly lower due to soaring material costs. – Foreign exchange gain was generated by the unexpectedly rapid depreciation of the yen.8© 2022 DIAMOND ELECTRIC HOLDINGS Co., Ltd.Fiscal yearFiscal yearActualForecastas of 3QNet sales76,27175,0001,2711.70% Mobility Equipment27,50427,0005041.90% Energy Solutions21,93221,0009324.40% Home Electronics26,83427,000▲166▲0.6%(cid:9)Operating profit (loss)492600▲108▲18.0% Mobility Equipment▲1,564▲1,500▲64- Energy Solutions3,7873,750371.00% Home Electronics2772007738.50% Other▲2,007▲1,850▲157-Ordinary profit (loss)1,268600668111.40%Profit (loss)1,287600687114.60% Operating profit ratio0.60%0.80%▲0.2pt ROE15.00%8.00%2022/03（Millions of JPY）VarianceActual vs. ForecastVarianceActual vs. Forecast(Rate)