Ohashi Technica Inc. · TSE:7628
Ohashi Technica — Q2 FY2011 Earnings Presentation
15 slides from Ohashi Technica's earnings presentation, Nov 18, 2011
Slide 1: November 18, 2011
November 18, 2011 http://www.ohashi.co.jp
Slide 2: Outline
Outline Consolidated Income Statement 3 Analysis of Net Sales by Regional Segment 4 Analysis of Net Sales by Products Segment 5 Analysis of Operating Income by Regional Segment 6 Analysis of Operating Income by Products Segment 7 Net Sales and Operating Income Quarterly 8 Balance Sheet
Slide 3: Consolidated Income Statement
Consolidated Income Statement \,million 2nd Quarter, 2nd Quarter, Fiscal 2011 Fiscal 2010 Change Change(%) Net sales 14,764 16,625 △ 1,861 88.8% Operating income 631 1,046 △ 415 60.3% Ordinary income 633 1,082 △ 449 58.5% Net income 303 562 △ 258 54.0% yen Net income per share 19.44 35.98 △ 16.54 54
Slide 4: Analysis of Net Sales by Regional Segment
Analysis of Net Sales by Regional Segment （¥ ,million） 20,000 20,000 △1,861 Japan North America 15,000 Asia China Europe +865 15,000 △ 1,263 △ 906 △ 160 △ 389 △9 Consolidated adjustment 16,625 10,000 10,000 14,764 5,000 5,000 0 0 2Q,Fiscal 2010 2Q,Fiscal 2011 OHASHI TECHNICA INC. 4
Slide 5: Analysis of Net Sales by Products Segment
Analysis of Net Sales by Products Segment （¥,million） 20,000 20,000 △ 273 △ 804 △ 350 △ 435 15,000 15,000 Automotive Automotive (Foreign exchange) (internal) (overseas) (IT & Comm.) （\,million） 16,625 2nd Quarter,Fiscal 2011 2nd 10,000 Quarter,Fiscal 10,000 Change Change(%) 2010 Automotive 13,981 △
Slide 6: Analysis of Operating Income by Regional Segment
Analysis of Operating Income by Regional Segment （¥,million） 1,200 1,200 △415 1,000 1,000 △ 212 North America 800 800 Japan △ 112 Asia China 1,046 Consolidated △ 31 Europe adjustment 600 △ 172 +115 600 △3 400 400 631 200 200 0 0 2Q,Fiscal 2010 2Q,Fiscal 2011 OHASHI TECHNICA INC. 6
Slide 7: Analysis of Operating Income by Products Segment
Analysis of Operating Income by Products Segment (¥,million) 1,200 1,200 Automotive (internal) Automotive △99 (overseas) 1,000 1,000 800 △250 IT & Cost Exchange Other 800 Comm. improvement △5 +2 600 △185 +122 600 1,046 400 400 631 200 200 0 0 2Q,Fiscal 2010 2Q,Fiscal 2011 Exchange Rate（Average） 2Q,
Slide 8: Net Sales and Operating Income Quarterly
9,000 （ ¥,million） Net Sales 8,000 7,000 6,000 5,000 4,000 8,295 8,330 8,233 7,515 7,716 7,249 3,000 2,000 1,000 0 1Ｑ,FY2010 2Ｑ,FY2010 3Ｑ,FY2010 4Ｑ,FY2010 1Ｑ,FY2011 2Ｑ,FY2011 （ ¥,million） 600 Operating Income 500 400 300 573 526 473 200 328 331 303 100 0 1Ｑ,FY2010 2Ｑ,FY2010 3Ｑ,FY2010 4Ｑ,FY2010 1Ｑ,FY
Slide 9: Balance Sheet
Balance Sheet March 31,2011 September 30, 2011 (¥,million) Liabilities 12,353 Current assets 10,675 18,872 17,577 △1,453 Net assets 13,825 14,050 Noncurrent assets 7,306 7,148 Shareholders equity per total assets Shareholders equity per total assets （52.1％） （55.6％） △1,453 Total assets 26,179 24,726
Slide 10: Cash Flows
Cash Flows (¥,million) 8,000 8,000 △ 690 7,000 7,000 △ 391 △ 161 △ 16 6,000 Operating 6,000 Activities Investing Activities Financing Effect of 5,000 7,126 Activities exchange 5,000 rate change 5,866 4,000 4,000 3,000 3,000 2,000 2,000 1,000 1,000 0 0 OHASHI TECHNICA INC. 10
Slide 11: Capital Expenditures, Depreciation, R&D Expenses
Capital Expenditures,Depreciation,R&D Expenses (\,million) Fiscal 2011 2Q,Fiscal 2011 2Q,Fiscal 2010 Change(%) (forecast) Capital Expenditures 321 246 130.6% 800 Depreciation 394 426 92.5% 800 R&D Expenses 33 69 47.8% 100 Capital Expenditures ¥ million 1,000 500 800 606 637 0 FY.2009 FY.2010 FY.2011
Slide 12: Main Customer
Main Customer Ranking FY 2009 FY 2010 2Q,FY 2011 1 Hino Motors., Ltd. Hino Motors., Ltd. Hino Motors., Ltd. 2 Honda Motor Co., Ltd. Denso Corporation Denso Corporation 3 Denso Corporation Honda Motor Co., Ltd. Honda Motor Co., Ltd. 4 Nissan Motor Co., Ltd. Nissan Motor Co., Ltd. Nissan Motor Co., Lt
Slide 13: Fiscal 2011 (Forecast)
Fiscal 2011 (Forecast) \,million Fiscal 2011 (Forecast) Fiscal 2010 Change Change(%) Net sales 31,000 32,574 △ 1,574 95.2% Operating income 1,400 1,903 △ 503 73.6% Ordinary income 1,400 1,897 △ 497 73.8% Net income 750 1,005 △ 255 74.6% Net income per share 47.99 64.32 △16.33 74.6% 13 OHASHI TECHNIC
Slide 14: Net Sales by Regional Segment
Net Sales by Regional Segment (\,million) FY,2007 FY,2008 FY,2009 FY,2010 2Q,2011 Japan 26,111 20,487 17,589 19,893 9,598 North America 9,250 7,931 5,323 6,644 2,632 Asia 3,724 3,297 2,112 2,900 1,304 China 1,687 1,956 1,904 2,225 767 Europe 2,154 1,848 793 909 463 Total 42,928 35,520 27,723 32,574
Slide 15: Subsidiary companies in Thailand: Impact of Flood in Thailand
Subsidiary companies in Thailand China ～Impact of Flood in Thailand～ Myanmar Laos Thailand OHASHI S.I. (THAILAND) Cambodia Vietnam （Hi-Tech Industrial Estate） ・OHASHI TECHNICA (THAILAND) ・OHASHI SATO (THAILAND) （304 Industrial Estate） Ayutthaya Prachin Buri Bangkok Samut Prakan OHASHI TECHNICA (THAI