1st Quarter Results
Year ending December 2022

Optoran Co., Ltd.
May 13, 2022

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Agenda01

Q1/FY2022 Results

02Topics2

1. Q1 2022 Results

3

1. Summary of Q1 Results
 Orders received totaled 13.8 billion yen, the highest level since the Q4
2019, led by smartphones, healthcare, AR/VR, etc. The order backlog
increased to 36.8 billion yen.
 Net sales fell 25% year on year to ¥5.1 billion due to restrictions
caused by the Covid spread in China and shortage of semiconductors.
 Operating profit margin was 14.5%, down by 9.8% y-o-y, due to sales
decline. SG&A expenses were within the budget. Foreign exchange
gains (+300mn yen) contributed to recurring profit of 1.1 billion yen.
 R&D activities are in progress in the IoT field, including automotiveand AR/VR, in addition to smartphones and LEDs. Also signed
acquiring land and buildings for R&D facilities.
 Production in Shanghai partially resumed in the first week of May.
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2. Performance Highlights (FY 2022)

項目列の横罫線Year ended December 31, 2021
Q1Year ended December 2022
Q168513121△25.6%(46.3%)(41.5%)―

167(24.3%)(14.5%)

2111(31.5%)(21.6%)

146(21.1%)(11.8%)

76(10.5%)(13.6%)

△3.9%

CAPEX

3693.4%

Orders received

91138

51.1%

Order backlog

258

368

42.5%

[Unit: 100 million yen]

Net sales
Gross profit
Operating profit
Ordinary profit
Net profit
R&D expenses

YoY change△33.3%△55.7%―△49.1%―△58.6%――

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3. Quarterly net sales
Smart phone(¥100 million)

Camera lens

IoTLEDOtherALD

New equipment (excluding ALD)

1407141201007806040
2004361062427742777 73

40902020 1Q

2102020 2Q

341802020 3Q

12020 4Q

30

19233

117494852

3

33172

2021 1Q

35

1082021 2Q

872019243431 15

2792021 3Q

2954151

925 1052021 4Q

2022 1Q
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4. Gross profit and operating profit (quarterly)
Operating income

Gross profit margin

50.0%
45.0%

46.3%
42.2%

40.0%

Operating income margin

44.3%

38.7% 39.3% 37.8%(¥100 million)

50

42.5%

40.9% 41.5%

454035.0%

35

30.0%

30

25.0%

23.6%

20.9%

23.6% 24.0% 24.3%

21.8%

20.0%

24.8%

25

19.7%
14.5%

15.0%

20
1510.0%105.0%

50.0%

16201830161713227

2020/12 1Q

2020/12 2Q

2020/12 3Q

2020/12 4Q

2021/12 1Q

2021/12 2Q

2021/12 3Q

2021/12 4Q

2022/12 1Q

075. Quarterly orders received
Smart phone

100IoT

LED9

New equipment (excluding ALD)

0.6

1714

1 240 872647

282020 1Q

3994171712020 2Q

31014 712020 3Q

2113123152 129 7322020 4Q

12427102021 1Q

2334 16102021 2Q

0141872021 3Q

2164963163920411600ALD

128020Other1(¥100 million)

120

Camera lens

24262021 4Q

7817212022 1Q

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6. Trends in orders received Growing need for sophisticated smartphone camera technologies.
 The IoT field is now a growth pillar supported by automobile andAR/VR applications.
Smartphone Camera modules contributed to Q1 orders, including large
orders from major customers.
 Most of the orders for ALD are for smartphone camera modules.

Automotive

 Accounts for 40% of IoT orders in Q1.
 Car-mounted cameras, heads-up displays, sensors, etc.

AR/VRHealthcare Continued growth in orders received.
 Orders for 2022 are expected to double from the previous year.
 Orders for X-ray scintillators are continuing.
97. Consolidated Balance Sheet (as of March 31, 2022)
Assets(¥100 million)
700

646

(¥100 million)

687

700

646

600

600

500

322

320

4500

15Notes and accounts
payable

687

41

98

138

35

22

4Notes and accounts
payable

18400

60
128

200

Other current liabilities

300
Other current
assets

168

200

1320

Short-term loans payable

Contract liabilities

Inventories

55

300

032

Cash anddeposits

400

100Liabilities and net assets

460

462

Non-current
assetsNon-current liabilities

Net assets

100

115

128

2021年12月末

2022年3月末

0

2021年12月末

2022年3月末

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2.Topics

118. Topics
1. Strengthening R&D Capabilities (R&D facility acquisition)
 Decided to acquire land and buildings in Tsurugashima City, Saitama.
 R&D themes are expanding as the fusion of semiconductor and opticaltechnologies progresses in the IoT and sensing fields.
 Also looking at opportunities to produce high-value-added equipmentusing the newly acquired site.
2. Shanghai lockdown situation
 Production partially resumed in the first week of May following theproduction suspension caused by Shanghai City lockdown.
 Increasing our capacity utilization to minimize the impact of thelockdown.
3. China Plus One
 Geographically diversifying customers to mitigate risks associatedwith business concentration in China.
 Measures will be taken to reduce risks, including the possibility of12equipment production in Japan and Southeast Asia.

Disclaimer, Precautions, and Contact Information
The information contained in this document has been prepared on the basis of generally
accepted economic and social conditions as of May 12, 2022, and certain assumptions that we
judged to be reasonable. However, the information contained in this document may bechanged without notice due to changes in the business environment.
The materials and information provided in this publication include so-called forward-lookingstatements. These forward-looking statements are based on current expectations, projections
and risky assumptions, and contain uncertainties that may cause results that differ materiallyfrom these statements.
These risks and uncertainties include general industry and market conditions, generaldomestic and international economic conditions such as interest rates and currency
fluctuations.
We are not obligated to update or revise the forward-looking information contained in thisreport even if new information or future events occur.
Contact Information
E-mail:ir-info@optorun.co.jp TEL:03-6635-9487
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