Interim Financial Results Meeting 期中财务决算说明会

IR

In late November, our group held an Interim Financial Results Meeting.
A financial results meeting is an opportunity for us to explain the financial figures and their background, and to answer questions from institutional investors and analysts of securities firms.
This time, we held this meeting remotely and 23 people participated.
Depending on the contents of our explanation, investors may buy our company’s stock, which will increase the stock price, however, on the other hand, if they think that our company has no growth potential, they will sell the stock and the stock price will decrease.
In addition, analyst reports issued by analysts also have a significant impact on the investment trends of investors, so a financial results meeting is a very important forum for disclosure of information.

本集团于11月下旬举行了期中财务决算说明会。
财务决算说明会是指由本公司对财务决算数据及其背景进行说明的机会,也是回答机构投资者和证券公司分析师等所提问题的机会。
本次以电话会议的方式举行,共23人参加。
根据说明内容,股票被购买股价就会上涨,相反,如果被判断为无增长潜力,股票则会被卖出,导致股价下跌。
另外,分析师发布的分析报告也会给投资者的投资动向带来重大的影响,因此,财务决算说明会是公开至关重要信息的机会。

Q&A

The questions we received were answered (in part) as follows:

针对提出的问题进行了如下回答(部分)。

Q: If the number of electric vehicles (EVs) increases, won’t the number of parts produced by Sumitomo Riko decrease?  电动汽车(EV)一旦增加,住友理工的搭载于传统汽车的零部件将会减少吗?

A:There are certainly some parts that will be reduced, but we are working hard so that our new products which contribute to autonomous driving cars, such as steering touch sensors, will be adopted by our customers.
In addition, since EVs require quieter cabins than ever before, more value-added anti-vibration rubber will also be required.
In addition, development of hoses for cooling batteries, etc., has been advancing, therefore, we forecast that our group will increase the profit by appropriately proceeding the transformation targeting EVs.
Also, we believe that per-vehicle sales for our products are expected to increase as the shift to EVs proceeds.
Including partnerships with the National Institute of Advanced Industrial Science and Technology (AIST), we have been proceeding investments for future growth, by judging which field and domains we should invest in very carefully.

确实有减少的零部件,但我们正在积极努力,使转向传感器等有助于自动驾驶的新产品能够被客户采用。
另外,由于EV需要比以往要求更高的车厢内静音性,因此附加价值更高的减震橡胶也是必不可少的。
此外,用于冷却电池等的软管开发已经在进行,预计本集团将受益于准确应对EV化的推进。
如果EV化持续发展,预计每台的销售额反而会增加。
关于未来发展的投资,包括与产业技术综合研究所的合作等,我们正慎重评估并推进应投资的范围和领域。

※Only when speaking, we removed our masks.  仅发言时未佩戴口罩。

Q: How is the progress of the transformation to a solid business structure?  向精益型组织的改革进展如何?

A:We have been reorganizing production bases and integrating plants in in Europe, South America and Asia.
In addition, we want to make sure that there is no duplication in our work to avoid wasting our work time.
The introduction of remote work and other methods of working under the corona pandemic also provided an opportunity to recognize the need for changes to new lifestyles and work styles within the company.
emote work will continue to be used as a way of working that cuts down on unnecessary travel time because it allows us to work from anywhere, not just from home.

正在推进位于欧洲、南美、亚洲的据点重组和工厂整合等。
另外在业务方面关于工作中重复的部分,希望可以避免浪费。
在新冠疫情中推进远程办公等,也使公司内部对转向新生活、新业务方式的必要性达成了共识。
远程办公削减了不必要的移动时间,不仅是在家,在任何地方都可以工作,今后将以此作为一种工作方式应用开来。

To all the employees  致各位员工

The investor’s perspective is eventually whether our company has potential for further growth and profitability.
In order to make such a decision, they look closely at our group’s performance and business history, and compare us to other companies.
Actually, this kind of Financial Results Meeting is a great opportunity for us because our company’s social values can be judged by external people’s perspective.
I also value it in the sense that we get sharp questions and opinions.
Until 2018, the published values were not accompanied by actual business results and did not meet the expectations of society.
However, in FY19, we were able to achieve the announced values despite the sales decrease due to the corona virus impact in China at the end of the fiscal year.
Also in the first half of 2020, even though the future is uncertain, the results exceeded the published values thanks to your efforts.
The accumulation of such efforts will lead to social trust.

各位投资者的视角还是在于公司是否具有成长性、盈利性。
为了做出相应的判断,各位投资者会密切关注本集团的业绩状况、至今为止的发展趋势以及与其他公司比较的结果。
财务决算说明会是以公司外部视角来审视本公司企业社会价值的良好契机。
另外,可以得到鞭辟入里的提问和意见,从这一层面上,说明会也是格外重要的。
到2018年为止,公布值没有实际业绩,未能达到社会的期待。
2019年度末,尽管在中国因新冠疫情的影响导致销售额减少,但仍实现了公布值。
另外,2020年度上半期也在前景无法预期的情况下,经过大家的不懈努力,取得了超过公布值的结果。
这样的积累是与社会信用紧密相连的。

I really want all the employees to enjoy your daily work vigorously for your own self-realization and personal growth.
From a long-term perspective, as I always say, I hope that you will take on the principle of “Shinyo-Kakujitsu” and “Fusu-Furi”, and please face your work with the spirit of “Banji-Nissei”
On the other hand, I would like you to know that investors who own or are considering holding our stock are evaluating our company based on a short-term and numerical view points, which is actually a severe reality.

为了自我实现、自我成长,我希望各位员工在本公司心情愉悦、生气勃勃地开展每天的业务。
并且,从长期的视角来看,正如我常说的,希望各位以“严守诚信”“不图浮利”为宗旨,抱着万事入精的精神脚踏实地地全力投入日常工作。
另一方面,持有或者正在考虑持有本公司股票的投资者们会以严厉的短期视角和数据为基准来审视我们公司,希望大家也可以将此铭记于心。

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