Consolidated Financial
Result of FY2022
February 2023
SIIX Corporation

INDEX• Consolidated Financial Result of FY2022• Consolidated Financial Forecast of FY2023• CAPEX & Depreciation• Current Situation of Midterm Business Plan
• Topics• Manufacturing information• Initiatives in ESG• Shareholder Return• Disclaimer

Copyright © 2023 SIIX Corporation All rights reserved.

1

Consolidated Financial Result of FY2022• Profit and Loss
FY2021(JPY in millions)amountFY2022％

Impact of
FY2021 vs. FY2022, netchange in
FX
diff.(net)％

FY2021 vs. FY2022

amount

％

diff.

％

Sales

226,833

100.0

277,031100.0

50,19822.1

29,637

20,5609.1

Gross Profit

20,1208.9

25,791

9.3

5,670

28.2

SGA

15,165

6.7

16,862

6.1

1,696

11.2

Operating Income

4,954

2.2

8,929

3.2

3,974

80.2

1,017

2,956

59.7

Ordinary Income

5,934

2.6

8,337

3.0

2,402

40.5

Exchange rate

Extraordinary
Income & Loss

0

0.0

-377

-0.1

-377

Corporate tax

1,364

0.6

3,229

1.2

1,865

136.7

Profit attributable toowners of parent

4,561

2.0

4,733

1.7

172

3.8

-

USD
EUR
HKD
THB
RMB

FY2021109.95129.94
14.15
3.44
17.04

FY2022131.22138.05
16.76
3.74
19.48

• Scope of Consolidation
End ofChanges

FY2021

End ofIncrease

Decrease

FY2022

Consolidated Subsidiary

22

-

-

22

Equity Method Affiliate

2

-

-

2

Copyright © 2023 SIIX Corporation All rights reserved.

2

Consolidated Financial Result of FY2022• Sales
300(JPY in billions, %)Sales Q4

Sales Q3

Sales Q2

Sales Q1

277.0

• Operating Profit
9.0
OP Q4

8.0
250

200

226.8

75.1

OP Q2

2.4

3.2%

OP%

3.0%

4.9
76.4

5.0

150

54.3

54.1

OP Q3
OP Q1

7.0

4.0%

8.9

6.0

63.0

100

(JPY in billions, %)

62.4

2.2%

4.0

1.3

3.0

1.0

3.1

1.6
2.0

1.1

2.0%

1.0%

50

55.2

63.0

1.0

1.4

1.8

0.0

0
FY2021

0.0%
FY2021

FY2022
Copyright © 2023 SIIX Corporation All rights reserved.

FY2022

3

Consolidated Financial Result of FY2022• Sales by Market Sector（FY2021 actual vs. FY2022 actual）
300
250
200
150

277.0

226.8

3.8 (1.4%)
27.0 (9.8%)
27.4 (9.9%)

14.3 (6.3%)
20.6 (9.1%)
22.8 (10.0%)
41.8 (18.4%)

0

FY2021 Actual

Automotive-related

FY2022 Actual

+16.5

250

226.8

Industrial

162.5 (58.7%)

300

200

Information
Home appliance127.3 (56.1%)+29.6

Others56.2 (20.3%)

100
50(JPY in billions, %)Automotive-related
Exterior+7.9 AC＋1.9
Meter+2.3 ECU+1.4
Switch+1.9 Car Multimedia -3.5

+10.6

+1.9

Industrial
In-flight AV equipment＋5.4
Power tool
+1.7
Industrial sewing machine +0.8
Coin and bill validation devices+0.7
Commercial AC equipment +0.5
For government offices
-1.3

+2.4
Information
Office equipment+2.2
Home appliancekitchen appliances +1.1
Electronic Lock +0.7
Toys
+0.7
AC
+0.7
Digital appliances -1.0

Others

-10.8

277.0

150

Copyright © 2023 SIIX Corporation All rights reserved.

4

Consolidated Financial Result of FY2022• Consolidated Sales by area (FY2021 vs. FY2022)（JPY in billions）

Other

300
Japan

250

Slight increase in total due todecrease in some PJs caused bychange in revenue recognition
standards, despite strong shipmentsof automotive-related equipment
and industrial equipment+21.47+14.23

Americas

ASEAN
CHINA

150

Strong sales of automotiverelated equipment andindustrial equipment+0.17

Industrial equipment performed
well, but automotive-related
equipment was weak

Shipment of automotiverelated equipment increased

200

226.8

+1.15
Europe+1.88

100+11.30Information and home
appliance equipment
performed well in the
Singapore region.
In Indonesia, the sales ofautomotive-related
equipment increased

FY2021_Actual

277.0

FY2022_Actual
Copyright © 2023 SIIX Corporation All rights reserved.

5

Consolidated Financial Result of FY2022• Consolidated Operating Profit by area (FY2021 vs. FY2022)
+1.89

China

9

Decrease due to higher laborand logistic costs

＋1.04

6

(JPY in billions)

EuropeDecrease due to higher fixed cost burden caused byshortage of certain components and higher energy prices

-0.51

＋1.54

-0.20

+0.22
Other

Americas
Automotive-related
equipment performed well

8.9

Japan

3

0

Automotive-related
equipment performed well

4.9

ASEAN
Strong performance in whole area

FY2021_Actual

FY2022_Actual
Copyright © 2023 SIIX Corporation All rights reserved.

6

Consolidated Financial Result of FY2022• SGA
FY2021(JPY in millions)
Personnel expenses

amountChanges

FY2022%amount%amount

%

6,792

3.0

7,645

2.8

852

12.6

212

0.1

351

0.1

139

65.8

3,332

1.5

3,161

1.1

-171

-5.1

Commission expenses

783

0.3

968

0.3

184

23.6

Rent expenses on real estates

233

0.1

239

0.1

5

2.3

Depreciation

1,121

0.5

1,572

0.6

450

40.2

Other expense

2,689

1.2

2,923

1.1

233

8.7

Total

15,165

6.7

16,862

6.1

1,696

11.2

Traveling andcommunication expenses
Freightage and packing expenses

Copyright © 2023 SIIX Corporation All rights reserved.

7

Consolidated Financial Result of FY2022• Non-Operating Profit and Loss
(JPY in millions)

FY2021

FY2022

Interest income

26

35

Dividends income

191

46

Foreign exchange gains

286-

Subsidy income

201

195

Gain on sales of goods

328

323

Gain on sales of scraps

172

203

Other

373

298

Non-operating income

1,579

1,103

Interest expenses

284

823

Share of loss of entities
accounted for using equity
method33

7Foreign exchange losses-

483

Purchase of goods

148

172

Other

133

207

Non-operating expenses

599

1,695

Non-operating income/loss

979

- 591

Copyright © 2023 SIIX Corporation All rights reserved.

8

Consolidated Financial Result of FY2022• Balance Sheet
End of FY2021(FY2021 vs. FY2022)

amount(JPY in millions)

Current assets

Changes

End of FY2022%

Impact ofexchange ratenet

122,797

150,275

27,47822.4

13,027

14,451

48,04455,091

7,046

14.7

4,588

2,457

Inventories

58,24073,42815,187

26.1

6,430

8,757

Noncurrent assets

47,12354,894

7,770

16.5

4,429

3,341

Total asset

169,921205,170

35,24920.7

17,456

17,792Current liabilities

79,83396,598

16,764

21.0

8,746

8,018

Accounts payable-trade37,29841,733

4,435

11.9

2,346

2,088

Short-term loans payable

31,561

36,136

4,575

14.5

2,944

1,631

Noncurrent liabilities

23,71831,182

7,463

31.5

424

7,039

Corporate bonds

10,00010,000---Long-term loans payable

8,446

15,125

6,678

79.1

252

6,426

Total liability

103,551

127,780

24,228

23.4

9,170

15,057

Net assets

66,36977,38911,020

16.6

8,285

2,734

412

430

18

4.5

21

-3

169,921205,170

35,24920.7

17,456

17,792

Notes and accounts receivable - trade, andcontract assets *Minority interests
Total asset and liability-*Contract assets are included beginning in FY2022. Reclassifications have been made for FY2021 year-end for comparative purposes.
Copyright © 2023 SIIX Corporation All rights reserved.

9

Consolidated Financial Result of FY2022• Cash Flow
(JPY in millions)

FY2018FY2019FY2020

FY2021

FY2022

Net cash from operating activities

966

8,945

13,280-8,106

5,567

Net cash from investing activities-6,515-9,602-6,034-7,765-8,892

Net cash from financing activities

7,991

2,923

1,291

869

6,676

Cash and cash equivalents

12,813

15,03522,9689,315

13,652

Debt to annual cash flow ratio (years)

27.2

4.0

3.2

ー

10.3

Interest coverage ratio (X)

3.2

18.3

34.9

ー

7.6

Copyright © 2023 SIIX Corporation All rights reserved.

10

Consolidated Financial Forecast of FY2023
FY 2021 Actual%(JPY in millions)

Sales

FY 2022 Actual

226,833

FY 2023 Forecast%%

277,031300,000

FY2022 vs. FY 2023
diff.

％

22,968

8.3

Operating income

4,954

2.2

8,929

3.2

11,300

3.8

2,370

26.5

Ordinary income

5,934

2.6

8,337

3.0

10,200

3.4

1,878

22.5

Profit attributable toowners of parent

4,561

2.0

4,737

1.7

7,700

2.6

3,044

64.3

62.67

62.6

Net income per share(JPY)

Assumption rate(USD)

96.53¥109.95

100.11

162.78¥131.22¥127.00

Copyright © 2023 SIIX Corporation All rights reserved.

11

Consolidated Financial Forecast of FY2023• Sales by Market Sector（FY2022 actual vs. FY2023 forecast）
300

277.0

250

27.0 (9.8%)
27.4 (9.9%)200

3.8 (1.4%)

300.0
24.8 (8.3%)
27.9 (9.3%)
54.2 (18.1%)

56.2 (20.3%)

186.5 (62.2%)

162.5 (58.7%)

50
FY2022 Actual

+24.0

-2.1

FY2023 Forecast

+0.5

300

150

Industrial
Automotive-related

0200

OthersHome appliance

100

277.0

6.6 (2.2%)

Information

150

250

(JPY in billions, %)Automotive-related
AC＋6.7
Battery-related +6.5
Car Multimedia +3.9
millimeter-wave radar +3.2
ECU
+1.9
ABS
+1.4
Meter
-2.6

Industrial
Power tool
+3.0
Inverter+0.4
Commercial AC -0.4
Industrial sewing machine-0.6
Medical equipment-0.9Electrical Tools -1.1
In-flight AV equipment-1.3

Others

-2.2+2.7
Information
Office equipment-1.6

Home appliance
AC
+3.2
Toys
-0.8
kitchen appliances -0.9
Digital appliances -1.3

FY2022 Actual

300.0

FY2023 Forecast
Copyright © 2023 SIIX Corporation All rights reserved.

12

Consolidated Financial Forecast of FY2023• Consolidated Operating Profit by area (FY2022 actual vs. FY2023 forecast)(JPY in billions)

Europe12.5

Increase in new automotive-related projects

China
Increase in utilization ratio due
to new start-up of automotiverelated equipment, etc.

10.0

＋0.09

+0.95
＋0.73

+0.03

-0.04
Other

+0.60
Americas
Slight increase in automotiverelated equipment

Japan

7.5

8.9

5.0

Increase due to higher
sales of automotive-related
equipment

11.3

ASEAN
Increase due to start of mass
production of new PJs forautomotive-related equipment, etc.
Increase in industrial equipment

FY2022_Actual

FY2023_Forecast
Copyright © 2023 SIIX Corporation All rights reserved.

13

Consolidated Financial Result of FY2022• CAPEX（JPY in millions）• Depreciation（JPY in millions）

10,00012,000

9,000
8,000

10,000

7,000
8,000

6,000

6,000

9,515

10,845

12,517

5,000

9,175

4,000

4,000

3,000

7,714
6,129

2,000

2,000

1,000
0

FY2021

FY2022

FY20230(Forecast)
Copyright © 2023 SIIX Corporation All rights reserved.

FY2021

FY2022

FY2023(Forecast)

14

Current Situation of Midterm Business Plan
TargetExpandingbusiness withmajor global
companies

Contributing to
a decarbonizedsocietythrough ourbusiness

Diversity
management

KPI for 2023

2022

Expansion of non-Japanese ratio

25% of consolidated
sales

15.3％ of consolidated sales
Expansion of business for non-Japanese customers into multiple
regions

Strengthen Reinforce allianceswith technology

5 billion yen of
consolidated sales

Demand from public sector calmed down and remained flat
YoY

Customer development in the
medical field

5 billion yen of
consolidated sales

Same level as the previous year due to COVID-19.
Continue to develop business opportunities around the world.

Expansion of Non-commodity
ratio（Automotive-related andIndustrial equipment）

85% of consolidated
sales

79.0% of consolidated sales
Year-on-year increase in industrial equipment (in-flight AV
equipment, etc.) and automotive equipment fields

Expansion of CASE-related
business

35 billion yen of
consolidated sales

Increase the number of projects with European customers
around the world
Negotiations underway in other areas

Expansion of battery-related
business

10 billion yen of
consolidated sales

Negotiations underway in the portable equipment, medical
equipment, and mobility fields

Improvement of local executives'
ratio

80%

77.3%

Improvement of female
executives' ratio

50%

32.2%

Copyright © 2023 SIIX Corporation All rights reserved.

15

Topics•

Expanding business with global customers, both Japanese and non-Japanese, in all areas of the world(with larger contracts and inquiries)•

Started direct businesses with EV manufacturers and finished automotive manufacturers (BMS, OBC, E-PUMP, etc.)+ Negotiations underway for EV charging facilities (Charging Stations)•

Expanding battery business (power tools, E-Mobility, wireless equipment, handy terminals, etc.) + Contracts for storage battery
business•

Completed expansion of the Thailand plant in May. Started considering a second plant in Mexico (to be completed in 2025)
Strengthened and expanded the capacity of partner in Malaysia.

•

Expanding demand for air conditioners, capturing heat pump air conditioners (Acceleration of decarbonization business)•

Enforcing centralized & consolidated management in each region(improving BCP capacity, countermeasures against US-China decoupling)•

Strengthening sales in Silicon Valley (open a sales office)•Developing the market for printed electronics•

Adaptation to modularization of components•

Joint Design and Manufacturing services

Copyright © 2023 SIIX Corporation All rights reserved.

16

SIIX Manufacturing Priority Measures
Management
Transformation

Continued in FY2023
Introduction of
Manufacturing DX(Digital transformation)

ESG
Responsiveness

Optimization of
the value chain

Utilize digital technology
to drive three transformations

Manufacturing Site
Transformation
Optimization ofequipment efficiency

Real-time
Management

SIIX
Manufacturing
DX

Optimization of
Production Process
Quality & Productivity

IT/ Operations
Transformation
Visualization

Automation

OT-IT interoperation
Skill Transfer
Human Resource Development
OT：Operational Technology
Data available from facilities, etc.
Copyright © 2023 SIIX Corporation All rights reserved.

17

SIIX Manufacturing Priority Measures
Implementation of Five Key
Measures makes 12 factories as one!

Region by Region
Operation Building

ONE JAPAN Japan Sales Offices
Operation
Japan Plant

Thailand Plant

・Enhancement of Manufacturing Management

ONE CHINA
Operation
China(Hubei) Plant
China(Dongguan) Plant
China(Shanghai) Plant

ONE INDONESIA
Operation
Indonesia(Batam)
Plant
Indonesia(Karawang) Plant

・Smart Factory
・Visualization
・Automation
・Manpower reduction

Smart
Factory

Management
Share
Information

One operation
through integration of Philippine subsidiaries

GlobalStandard

SIIX
Manufacturing
Transformation
DX・Global Data
Core Competence ・Global Network
・Reinforcement of mounting tech.
・Strengthen manufacturing tech.
・Introduction of advanced tech.
・Quality Control

Philippines Plant

Human
Development

Philippines(Mold, Die) Plant

・Development of global human resources
・Development of teamwork

European teamunder new management Operations
RobustGENBA

Slovakia Plant
Hungary Plant

・Realization of a strong work site・Strengthen education
・Quality
Mexico Plant
・Manufacturing efficiency

Copyright © 2023 SIIX Corporation All rights reserved.

18

Smart Factory Initiatives
Accelerating Automation through a New Global Structure
Sharing of
automation
Implementation
statusDesign and developmentof automatic machines
to introduction

Crossdeployment

Deployment of common equipment
and establishment of support systemfor equipment introduction

Introduction of common automation and common equipment(enables acceleration of automation, common management, and early start-up)
・Establishment of Indonesia Automated Machinery Design and Development Division
・Established a global system by utilizing the Indonesian Design & Development Divisionand the Philippine Technical Support Division.

Initiatives at each location

SIIX
Group Technology Management Department（Japan, Sagamihara）
Example of automated line in Thailand plant

Example of automated line at China plantGroup Technology
Management Department（Japan）

Group Technology
Management Department（Indonesia Section）

GovernanceFunctions
Quality
Technology
Equipment
New Construction Method Study

Group Technology
Management Department（Philippines Section）

Factory Automation Development
Automatic Machine Design

AOI Technical Center
Technical Support Center(equipment installationand dispatch of engineers)

Copyright © 2023 SIIX Corporation All rights reserved.

19

GED Philippines Branch Activities
Molding

Total of 17 engineers are providing technical support
to Hungary and Mexico

MexicoChina

SHBPhilippines

SEM

SCP
Molding TechnicalSupportSEI

Philippines Engineer
Global Support 17 persons
Hungary 8 persons → 11 persons
Mexico 3 persons → 6 persons⚫ AOI Technical Center in the Philippines
Begins Operations
3 technicians
2 Philippine technicians and 1 Japanese instructor

Networking to check data at each location and modify programs.

Indonesia

GlobalEngineering
Dept.
（Japan）⚫ Further utilization of Philippine engineers
Establishing a global support System

Technical Support Center

Philippine
GED

Each production siteAOI Technical Center

PhilippinesAOI Technical Center

Technical support
for substrate manufacturing

Engineers

Sxx

SHU
SEM

Philippines

Network

OnsiteJapan
Sxx
Now being implemented
at the Hungary and Thailand
plantsHungary
MexicoCopyright © 2023 SIIX Corporation All rights reserved.

20

GED Indonesia Branch Activities
8-person teamGlobalEngineering
Dept.
（Japan）

GED Indonesia Branch

Automation Line Design
Automated Machine Development and Design
Automatic machine development training
Internal and externalsales of internal products
Equipment introduction support
Automation line start-up support
Support between bases

GED Philippines Branch
Technical Support Center

Examples: Particle andTemperature and humidity
control sensors

Support for equipment installation,
introduction, and start-up
Sxx

SHU
Hungary

SEM
Mexico

SEK
SEI

SEP

Indonesia
Philippines

1-Automatic machine development (Indonesia)
2-Automated line installation and production(Philippines)
3-Same automatic line installation and production(Mexico)Production support in Mexico by Filipino technicians
and filipino operators Production support in Mexico

Copyright © 2023 SIIX Corporation All rights reserved.

21

Enhancement of mechanisms to support collaboration
between factories
Sharing manufacturing, technical, and quality information
with factories around the world through a horizontal support system
Information sharingof quality measures

SMAPS (Siix Manufacturing Platform System)

Element Work
Knowhow sharing

2022～

In Operation

New Technology
Information

Quality Information
In Operation

Between manufacturing sites
ZERO Identical defects

BCP utilization

Manufacturing
Technology Information
In Operation

Standard Manual
Procedure Manual

SMAPS
D/B
-Cloud-Equipment Information
In Operation

In Operation

Know-How for Improvement

Global Facilities Management

Instruction Material
Check GENBA with Online
Facilitating Improvement

Management of shared manualsof global standards

BCP Document
Management

Human Resource
Development Materials
Management

Creating a system to utilize all types of information in real time at each WW site

Copyright © 2023 SIIX Corporation All rights reserved.

22

CO2 Reduction Activities
Solar panel installation status
Plant

2021
Q1

2022
Q1

Q2

Q3

2023
Q4

Q1

Q2

Q3

2024
Q4

Q1

Q2

Q3

2025
Q4

Q1

Q2

Q3

Q4

Shanghai Plant
Mexico Plant
Indonesia(Karawang)
Plant

Shanghai Plant

Mexico Plant

Indonesia(Karawang) Plant

Dongguan Plant
Philippines Plant

Dongguan Plant
Indonesia(Batam) Plant
New
Building

Thailand Plant

Renewable Energy Use
Europe Area 100% of
Renewable energy use

Area

Activity Ratio

Electronic Power

Start of use

Germany Sales Office

100%

Wind, Solar

2021~

Slovakia Plant

100%

Wind, Solar, Hydro, Biomass

2023~

Hungary Plant

100%

Wind, Solar, Hydro, Biomass

2023~

Philippines Plant

45%

Wind, Solar

2022~

Japan Plant

100%

Non-fossil certificate

2023~

Copyright © 2023 SIIX Corporation All rights reserved.

23

Initiatives in ESG• Establishment of Sustainability Committee

Sustainability Committee
Contribute to social issues and achieve sustainable corporate growth, Promote Sustainability Management“Contribute to a decarbonized society through business” and “Promote diversity management”
Development and content review of sustainability policies
on key issues, including climate change-related, humanrights advocacy, diversity and inclusion, governance, andcomplianceManagement

Environmental Management Committee
Promote activities related toclimate change, forest
protection, water resources
protection, and biodiversity• Formulate action plans to achieve goals• Support and guidance in promoting
activities• Monitor the progress of activities• Establish targets and indicators, and formulate activity policies• Monitor activities reported by the Environmental Management Committee• Periodic reports and advice to the Board of Directors (at least once a quarter)
Supervision

Compliance Committee
Promote legal complianceactivities (awareness-raising
activities and educational
programs for the entire group)• Provide guidance to prevent
recurrence of misconduct• Collect information from experts• Compile information on activities
from compliance officers in each

Copyright © 2023 SIIX Corporation All rights reserved.

region and identify problems

24

Initiatives in ESG〔Total CO2 emissions reduction activities〕

Environment

Total CO2 emission reduction target for 2030
TargetSCOPE 1SCOPE 2SCOPE 3

FY2021

vs. 2021

SCOPE 1SCOPE 2SCOPE 3TOTAL

42%
25% cut
cut

924t
69,484t
583,026t
653,434t

・ Installation of solar panels
Already in operation in Shanghai, Mexico, Jakarta and Dong Guan,
with plans to install in Batam, Philippines and Thailand in the future.
・Switching Purchased Electricity to Electricity Derived from Renewable
Energies
・Conversion to LED lighting
・Switching production facilities to energy-saving models(Add power consumption as a criterion for capital investment)
etc.
*Executives: Manager and above

Human
Resource
Activity

Local executives ratio
Ratio of local executives inmanagement of all SIIX Group

Female executives ratio80%

FY2022

77.3%

Ratio of Female executives inmanagement of all SIIX Group

TargetPlans to send donations for the Earthquake in Syria, Turkey to the Embassy of the Republic of Turkey in Japan.

TargetSocialContributions to Society

50%

FY2022

32.2%

Governance

Progress in Compliance with Revised Companies Act and Corporate Governance CodeDiversity

Female directors (internal) and female corporate auditors (external) are scheduled to be elected at the General Meetingof Shareholders in 2023.

Disclosure

Already taken action regarding further enhancement of the Directors' skill matrix in the Notice of Convocation of theGeneral Meeting of Shareholders and the establishment of an electronic platform for voting.

Risk
Management

Strengthen risk management to ensure the company's sustainable growth and achievement of the medium-term
management plan. Specifically, identify risks on a company-wide basis at strategy meetings attended by all group
executives, and thoroughly strengthen responses (strategic risk, financial risk, hazard risk, and operational risk).

Copyright © 2023 SIIX Corporation All rights reserved.

25

Shareholder Return

Plans to increase dividends for
17 consecutive fiscal years

40.0
35.0
30.0
25.0

¥26.0

FY2016FY2017¥29.0

FY2018FY2019FY2020

FY2021

¥31.0

¥32.0

FY2022

FY2023
FY2023(forecast)(forecast)

¥21.0

20.0
15.0

¥25.0

¥27.0

¥28.0

¥30.0

¥15.0

¥16.0

¥17.0

FY2012FY2013

FY2014

10.0
5.0
0.0

FY2012FY2013

FY2014FY2015FY2015FY2016FY2017FY2018FY2019FY2020

FY2021

FY2022

Dividends per
share(JPY)

15.0

16.0

17.0

21.0

25.0

26.0

27.0

28.0

29.0

30.0

31.0

32.0

Dividends ratio(%)

23.0

22.7

19.4

15.2

18.7

18.1

20.5

35.8

79.5

31.1

31.0

19.7

# of Treasury Stock
Acquisition
Amount of treasury stockacquisition (JPY)

-

-

-

-

508,900
2,000 mil.

-

2,035,700
4,000 mil.

Copyright © 2023 SIIX Corporation All rights reserved.

-

-

-

-

-

26

Disclaimer• The information contained in this document is intended to provide financial information andperformance indicators of SIIX Corporation (hereinafter referred to as “the Company”), but norepresentation or warranty is made regarding the content.
The document is not prepared for the purpose of soliciting investments. When actuallyinvesting, please refrain from making investment decisions based entirely on the informationon this website, and make investment decisions based on your own judgment.
• The Company has taken the utmost care with regard to the information contained in thisdocument. However, the Company assumes no responsibility whatsoever for any errors in theinformation contained herein, or for any damages resulting from the data falsification or thedata downloading by third parties.
• Some information posted on the website contains statements regarding future performance.
Such statements are not guarantees of future performance and are subject to risks anduncertainties. Please note that future performance may differ from actual results due tochanges in the environment and other factors.

Copyright © 2023 SIIX Corporation All rights reserved.

27

Consolidated Financial Result of
FY2022（Appendix）
February 2023
SIIX Corporation

Profit and Loss
FY2018FY2019FY2020

FY2021

FY2022242,804

223,037

181,598

226,833

277,031

8,625

5,506

4,452

4,954

8,929

3.6

2.5

2.5

2.2

3.2

8,717

5,634

4,444

5,934

8,337

3.6

2.5

2.4

2.6

3.0

Profit attributable to owners of parent

6,414

3,695

1,724

4,561

4,733

Profit attributable to owners of parent
ratio(%)

2.6

1.7

0.9

2.0

1.7

# of Consolidated subsidiaries

22

22

22

22

22

# of Equity method affiliates

2

2

2

2

2

13,632

12,721

11,257

12,354

12,734(JPY in millions)
Net sales
Operating income
Operating income ratio (%)
Ordinary income
Ordinary income ratio (%)# of Employees<Appendix> Copyright © 2023 SIIX Corporation All rights reserved.

1

Management Indicators
FY2018FY2019FY2020

FY2021

FY2022

ROE

（％）

11.4

6.5

3.0

7.5

6.6

ROA

（％）

6.5

4.0

3.1

3.8

4.4

1.8

1.6

1.3

1.4

1.5

36.1

40.7

43.4

63.6

64.2

0.6

0.7

0.8

0.8

0.8

（％）

159.6

148.1

174.2

153.8

155.6

(day)

64.7

61.6

73.8

67.9

67.9

Inventory turnover ratio

(day)

59.5

71.1

79.1

76.2

86.7

PBR

(X)

1.2

1.2

1.3

1.0

0.8

PER

(X)

10.9

19.5

42.3

14.7

12.7

Total asset turnover
Net interest-bearing（％）

debts/Net asset
D/E ratio

Current ratio
Accounts receivable
turnover ratio* Accounts receivable turnover ratio for FY2022 is calculated using FY2021 trade receivables and FY2022 trade receivables including contract assets.
<Appendix> Copyright © 2023 SIIX Corporation All rights reserved.

2

Capital Structure
FY2018FY2019FY2020

FY2021

FY2022(JPY in millions)

Total asset

137,350

143,391

144,436

169,921205,170

Liability

81,33485,14187,937

103,551

127,780

interest-bearing debt

32,96938,66747,471

51,35063,150Net asset

56,01658,24956,49866,36977,389

Capital-to-asset ratio (%)

40.5

40.3

38.8

38.8

37.5

Closing stock price (JPY)

1,430

1,523

1,543

1,416

1,277

Capital-to-asset ratio at market value (%)

49.2

50.2

50.5

39.4

29.4

50,40050,40050,40050,40050,4001,178.04

1,224.26

1,186.71

1,393.92

1,625.55

Issued stock (thousand)
BPS<Appendix> Copyright © 2023 SIIX Corporation All rights reserved.

3

Sales by market sector
FY2021
1H

2H

Automotive-related
equipments

61,96265,355

Industrial equipments

19,674Home appliances

FY2022%

1H

2H

127,31756.1

74,11788,405

162,52258.7

22,17641,85018.4

23,30332,93756,24020.3

11,632

11,15022,78210.0

12,60214,80827,411

9.9

Information equipments

10,10810,457

20,565

9.1

12,964

14,05527,018

9.8

Others

4,822

6,579

11,401

5.0

2,481

1,360

3,841

1.4

Total

109,470

117,363

226,833

100.0

125,467

151,564

277,031

100.0(JPY in millions, %)full year<Appendix> Copyright © 2023 SIIX Corporation All rights reserved.

full year%

4SIIX GLOBAL NETWORK(as of end of Dec. 2022）

Headquarters
Trading/Logistics Subsidiary
Manufacturing Plant
EMS factory (Subcontract)
Injection molding Factory

16
11
8
2

Others: Design and Development
Component Manufacturing
Machinery and Chemical Goods43
4※Not included in above MAP<Appendix> Copyright © 2023 SIIX Corporation All rights reserved.

5

SIIX GLOBAL NETWORK• Manufacturing Factory(as of end of Dec. 2022）

Slovakia(Nitra)･SES
・8,216㎡
・327
・Automotive, Industrial etc.
・ISO9001, ISO14001,
IATF16949

China(Dongguan)･SED

China(Hubei)･SHB

・37,338㎡
・1,760・Scanner, A/C, Automotive
・ISO9001,ISO14001,
IATF16949

・69,854.45㎡
・314
・Automotive, HA, Industrial etc.
・ISO9001, ISO14001,
IATF16949

China(Shanghai)･SJC
・30,606.22㎡
・1,087・Industrial HA, Automotive etc.
・ISO9001, ISO14001,
IATF16949

Hungary(Nagycoros)･SHU
・17,330.03㎡
・279
・Industrial, Automotive etc.
・ISO9001, ISO14001,
IATF16949

・35,391㎡
・1,811・Automotive, Industrial etc.
・ISO9001, ISO14001, IATF16949

Japan(Kanagawa)･SEJ

・6,234㎡
・112・Industrial, Automotive, Medical etc.
・ISO9001, ISO14001, IATF16949
ISO13485, certificate of Pharmaceutical Affairs Law

Thailand(Samut Prakan)･SET
・26,652.6㎡
・2,276・Digital Home Appliances,
Automotive, Car audio. etc.
・ISO9001, ISO14001,
IATF16949,AS9100,
AS9120, ISO45001

Philippines ・SCP(Mold, Die)・5,986㎡
・328
・Mold Manufacturing and injection molding
・ISO9001, ISO14001, IATF16949

Indonesia(Batam)・SEI (EMS & Molding)・26,751㎡
・1,937
・Scanner, Automotive, Toy etc.
・ISO9001, ISO14001, ISO13485

Mexico(San Luis Potosi) ・SEM

Indonesia(Jakarta)･SEK
・26,284㎡
・1,067
・HA, Automotive etc.
・ISO14001,IATF16949

Philippines ・SEP

・21,476㎡
・762
・Industrial, Automotive, Information etc.
・ISO9001, ISO14001, IATF16949※ SEP and SCP are integrated as of January 1, 2023

<Appendix> Copyright © 2023 SIIX Corporation All rights reserved.

6

SIIX GLOBAL NETWORK(as of end of Dec. 2022）• Sales & Logistics

Germany(Dusseldorf)/SD

USA(Chicago)/SC

China(Shanghai)/SX

USA(Detroit)/SCD

Hong Kong/SH
Taiwan/SP

Vietnam(Hanoi)/SV

Mexico(Monterrey)/SMX

USA(Irvine)/SJ
Thailand(Samut Prakan)･SET, LC(SC Irvine Branch)Philippines/SM

Malaysia (Kuala Lumpur)・SK

Indonesia(Jakarta)/SI
Singapore/SS

Philippines/SLP

Brazil(Sao Paulo)/SB※ SLP is integrated into SEP as of Jan 1, 2023.
<Appendix> Copyright © 2023 SIIX Corporation All rights reserved.

7

SIIX GLOBAL NETWORK(as of end of Dec. 2022）• Subcontract Factory & Affiliates

China(Shunde)/GMSE

China(Hefei)/HMSE(Joint venture with Midea Groupconditioning division)(Joint venture with Midea Groupconditioning division)

China(Shanghai)/TSE

Thailand(Ayutthaya)/STARS

Singapore・SIIX-AGT

Singapore ・SIIX-ORIENT(Joint venture with Abacus Global
Technology)(Joint venture with Orient Technology)

Philippines/IMI<Appendix> Copyright © 2023 SIIX Corporation All rights reserved.

Brazil(Sao Paulo)/CLIPTECH

8

Disclaimer• The information contained in this document is intended to provide financial
information and management indices of SIIX Corporation (hereinafterreferred to as “SIIX"), but no representation or warranty is made regarding
the content.
This material is not intended as a solicitation for investment. When actuallyinvesting, please refrain from making investment decisions based entirelyon the information on this material, and make investment decisions basedon your own judgement.
• However, SIIX shall not be liable for any damages caused by errors in theinformation, falsification of data by third parties, or downloading of data forany reason whatsoever.
<Appendix> Copyright © 2023 SIIX Corporation All rights reserved.

9