Fujikura Ltd · TSE:5803
Fujikura — Q1 FY2019 Earnings Presentation
19 slides from Fujikura's earnings presentation, Aug 1, 2019
Slide 1: 1Q FY2019 Financial Results
1Q FY2019 Financial Results August 1, 2019
Slide 2: Fujikura
“l a F Fujikura
Slide 3: Contents
Contents 1. Reviews of 1Q FY2019 Financial Results 2. By Segment 2
Slide 4: 1. Reviews of 1Q FY2019 Financial Results
1. Reviews of 1Q FY2019 Financial Results 3
Slide 5: 1Q FY2019 Financial Results
1Q FY2019 Financial Results (Unit : Yen in billion) FY2019（Forecasted FY2018 FY2019 on May 14） 1H 1Q 1H Full Year 1Q Achieve- 1H Full Year ment Ratio Net Sales 177.6 363.6 710.7 162.3 48％ 340.0 690.0 Operating Income 7.5 14.2 27.6 0.2 2％ 13.0 28.0 Ratio of Operating Income to Net Sales(%) 4.3 3.9 3.
Slide 6: Review of 1Q FY2019 Results
Review of 1Q FY2019 Results Net sales and Operating income decreased due to intensifying competition in China market for Telecommunication products in Power and Telecommunication Systems Company and decrease in demand for smartphones especially FPCs in the Electronics. Volume production of Elect
Slide 7: 1Q FY2019 Contributing Factors to Net Sales Change (year-on-year basis)
1Q FY2019 Contributing Factors to Net Sales Change (year-on-year basis) Net Sales (Unit : Yen in billion) Effects of Effect of Forex Copper Power & (1.4) Prices Telecommunication Systems (1.5) Business Electronics Automotive Business (3.5) Products (8.2) (0.6) 177.6 162.3 15.2 lower than 1Q FY2018 1
Slide 8: 1Q FY2019 Contributing Factors to Operating Income Change (year-on-year basis)
1Q FY2019 Contributing Factors to Operating Income Change (year-on-year basis) Operating Income (Unit : Yen in billion) Power & Telecommunication Systems Business (3.5) Electronics Business 7.5 (3.8) Automotive +0.1 0.2 1Q FY2018 Results 1Q FY2019 Results 7.2lower than 1Q FY2018 7
Slide 9: 1Q FY2019 Extraordinary Profit and Loss
1Q FY2019 Extraordinary Profit and Loss (Unit: Yen in billion) 1Q FY2018 1Q FY2019 Operating Income 7.5 0.2 Share of other comprehensive income of entities accounted for using equity 0.4 0.5 method Ordinary Income 5.1 0.9 Extraordinary Income 0.6 0.2 Extraordinary Loss 2.7 1.5 Past service costs Inc
Slide 10: Consolidated B/S (1)
Consolidated B/S (1) （Unit: Yen in billion） As of March As of June Change 31, 2019 30, 2019 〈Assets〉 638.3 631.0 (7.2) Current Assets 323.2 304.2 (19.0) Cash and Deposits 36.7 30.3 (6.4) Notes and Account 141.5 134.3 (7.2) Receivable Inventories 117.8 117.8 (0.0) Capital investment 11.8 billion yen
Slide 11: Consolidated B/S (2)
Consolidated B/S (2) （Unit: Yen in billion） As of March As of June Change 31, 2019 30, 2019 Total 638.3 631.0 (7.2) (Treasury Stock) ((6.3)) ((6.3)) (+0.0) 〈Liability〉 397.4 404.2 +6.8 Notes and Account 64.9 65.5 +0.5 Payable Interest-bearing Debt 253.5 259.2 +5.7 The effect of adoption IFRS16 Lease
Slide 12: 2. By Segment
F Fujikura 2. By Segment
Slide 13: Financial Results and Forecasts by Segment
Financial Results and Forecasts by Segment （Unit: Yen in billion） Net Sales Operating Income and Ratio of Operating Income to Net Sales 1Q FY2018 1H FY2018 1H FY2019 1Q FY2018 1H FY2018 1H FY2019 Segment 1Q FY2019 Results 1Q FY2019 Results Result Forecast Results Forecast Power & 5.4 7.1 1.9 6.3 Tel
Slide 14: Power & Telecommunication Systems Company
Power & Telecommunication Systems Company In 1Q, both net sales and operating income decreased on a YoY basis due to the impact of intensifying competition of Chinese telecommunications products and decrease in FTTx constructions. Although there is impact of intensifying competition, we will wor
Slide 15: Electronics Business Subcompany
Electronics Business Subcompany In 1Q, net sales decreased on a YoY basis due to down for smartphone demand. Operating income also decreased due to an increase in fixed expenses associated with the sales decline. In order to increase production in 2Q, we will work on start up while paying attent
Slide 16: Automotive Products Subcompany
Automotive Products Subcompany In 1Q, net sales remained on a YoY basis excluding the impact of Forex. Continue working productivity improvement. Achievement ratio of net sales in 1Q to 1H forecast is 56%. （Unit: Yen in billion） Net sales and Ratio of Operating Income to Net Sales Automotive Pro
Slide 17: Real Estate Business Company
Real Estate Business Company Revenues from leasing real estate properties continue to contribute to consolidated operating income. （Unit: Yen in billion） Net sales and Ratio of Operating Income to Net Sales Real Estate Ratio of Operating Income to Net Sales Stable revenues form leasing properties
Slide 18: Special Notes
Special Notes: Statements in this presentation that relate to future to results and events (including statements regarding Fujikura's revenue and earnings guidance) and based on Fujikura's current expectations. Actual results in future periods may differ materially form those currently expected beca
Slide 19: 1Q FY2019 Financial Results Appendix: Net Sales and Operating Income by Segment
【1Q FY2019 Financial Results Appendix】 Net Sales and Operating Income by Segment Net Sales Records and Forecast by Segment Unit: Yen in Billion FY2019 FY2018 FY2019 Forecast on May 14 Full 1Q 2Q 3Q 4Q 1H 2H 1Q 1H Est. Year Power Systems 50.1 50.9 52.4 50.3 101.1 102.8 203.9 48.1 92.9 Telecommunicati