Harada Industry Co., Ltd. · TSE:6904
Harada Industry — Q2 FY2017 Earnings Presentation
23 slides from Harada Industry's earnings presentation, Dec 5, 2017
Slide 1: Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2018
Financial Results Presentation Slides for the Second Quarter of the Year Ending March, 2018 Harada Industry Co., Ltd. December 5, 2017 This slides contains forward looking statements based on prerequisites, forecasts and plans available as of December 5, 2017. Actual results may differ materially fr
Slide 2: Contents
Contents I. Corporate Overview 1. Corporate Profile ........................................................................................................................................... 4 2. Global Network ........................................................................................
Slide 3: I. Corporate Overview
|. Corporate Overview HARADA
Slide 4: 1. Corporate Profile
1. Corporate Profile ◆ Established March 1958 ◆ Headquarters Omori Bellport B-4F, 26-2 Minami-Ohi, 6-Chome Shinagawa- ku, Tokyo, Japan ◆ Capital Stock 2,019 million yen ◆ Consolidated Overseas: 10 Subsidiaries (Sales Companies: U.S.A., U.K., Thailand, etc.) (Plants: China, Philippines, Vietnam and M
Slide 5: 2. Global Network
2. Global Network HARADA INDUSTRY OF AMERICA, INC. HARADA INDUSTRIES (EUROPE) LIMITED HARADA INDUSTRIES (MEXICO), HARADA EUROPE R&D CENTRE S.A. DE C.V. DALIAN HARADA INDUSTRY CO., LTD. SHANGHAI HARADA NEW HARADA INDUSTRIES VIETNAM LIMITED AUTOMOTIVE ANTENNA CO., LTD. HARADA Asia-Pacific Ltd. TAIWAN
Slide 6: 3. Major Products 1
3. Major Products 1 LPA (Low Profile Antenna) Support for multi-band antennas including: AM / FM, DAB, satellite (SDARS), telematics applications, GNSS and 4G LTE. Rod Type Antenna Support for multi-band antennas including: AM / FM, DAB, satellite (SDARS), telematics applications, GNSS and 4G LTE. I
Slide 7: 3. Major Products 2
3. Major Products 2 Coaxial Cables Connecting antennas and audio units. STP Cables Transfer massive data at high speed. In-Spoiler Type Antenna Support multi-band antennas. 7
Slide 8: 3. Major Products 3
3. Major Products 3 Amplifier for Screen Type Antenna Film Antenna for DTV Noise Filter Other Integrated Type (Hidden) Antenna Can be integrated into roof, trunk lid or bumper. Support multi-band antennas. 8
Slide 9: II. Financial Results for 2Q FY2017 (Consolidated)
II. Financial Results for 2Q FY2017 (Consolidated) 9
Slide 10: 1. Net Sales Trend
1. Net Sales Trend (Hundred millions of yen) 250 Europe North and Central Americas 211 215 Asia 198 203 200 23 22 Japan 19 21 175 152 15 66 150 12 74 64 128 65 60 10 110 101 47 100 5 46 7 58 78 37 52 54 53 4 33 29 41 9 21 16 50 8 17 62 63 58 60 59 64 68 44 51 42 0 2Q FY2008 09 10 11 12 13 14 15 16 1
Slide 11: 2. Summary of 2Q Consolidated Statement of Income
2. Summary of 2Q Consolidated Statement of Income (Millions of yen) 2Q FY2016 2Q FY2017 Increase Previous year Current year Main factors or Composition Composition decrease in increase or decrease ratio (%) ratio (%) - Japan: 392 (patent income associated with a 20,353 21,523 settlement of the paten
Slide 12: 3. Profit Attributable to Owners of Parent Trend
3. Profit Attributable to Owners of Parent Trend (Millions of yen) 1,000 815 800 604 600 426 444 399 400 309 340 270 200 0 (200) (400) (465) (600) (551) 2Q FY2008 09 10 11 12 13 14 15 16 17 Current year 12
Slide 13: 4. Changes in Operating Income
4. Changes in Operating Income Increase in gross profit (Millions of yen) on increase in net sales Increase in profit due to increase in net 134 sales associated with (338) patent income 272 40 Increase in selling, general and administrative expenses - Increase in logistic costs - Increase in R&D ex
Slide 14: 5. Summary of 2Q Consolidated Balance Sheet
5. Summary of 2Q Consolidated Balance Sheet (Millions of yen) FY2016 Component 2Q FY2017 Component Increase Previous ratio Current ratio or Year (%) Year (%) decrease Current assets 23,057 77.7％ 25,656 79.4% 2,599 Non-current assets 6,626 22.3％ 6,673 20.6% 46 Total assets 29,684 100.0％ 32,330 100.0%
Slide 15: 6. Sales Breakdown by Reported Segments
6. Sales Breakdown by Reported Segments 2Q FY2016 Europe Previous year 10.6% (Millions of yen) Japan Previous Current North and 31.8% year Central year Americas Asia Impact of 31.5% 26.1% 2Q 2Q Increase or Net foreign FY2016 FY2017 decrease change exchange Japan 6,465 6,858 392 － 392 Asia 5,318 5,80
Slide 16: 7. Consolidated Cash Flow Trend
7. Consolidated Cash Flow Trend (Millions of yen) 4,000 Cash flows from operating activities 3,000 Cash flows from investing activities Cash flows from financing activities 2,000 1,000 0 (1,000) (2,000) (3,000) 2Q FY2008 09 10 11 12 13 14 15 16 17 Current year 2Q FY2008 09 10 11 12 13 14 15 16 17 Op
Slide 17: 8. Depreciation Trend and 9. R&D Expense Trend
8. Depreciation Trend (Millions of yen) 700 600 499 528 500 408 417 410 430 400 334 368 287 263 300 200 100 0 2Q FY2008 09 10 11 12 13 14 15 16 17 9. Research and Development Expense Trend (Millions of yen) 1000 764 821 800 689 718 759 656 600 565 417 452 451 400 200 0 2Q FY2008 09 10 11 12 13 14 15
Slide 18: 10. Number of Employees
10. Number of Employees 1 (People) 6,000 4,411 4,705 4,315 4,370 4,000 3,450 3,553 2,870 2,372 2,342 2,062 2,000 0 2Q FY2008 09 10 11 12 13 14 15 16 17 10. Number of Employees 2 (Regional Breakdown) (People) 6,000 Japan Asia North and Central Americas Europe 49 46 45 49 4,000 42 44 941 1,170 1,309 1
Slide 19: 11. Dividend and Stock Price Trend
11. Dividend and Stock Price Trend (Yen) 1,000 12.0 Dividends 10.0 10.0 Stock prices (highest) 10.0 800 Stock prices (lowest) 7.5 7.5 7.5 7.5 7.5 7.5 8.0 600 5.0 5.0 6.0 400 4.0 200 2.0 0.0 0 0.0 FY2008 09 10 11 12 13 14 15 16 2Q 4Q FY2017 FY2017 Forecast Stock Price Trend (Yen) 2Q FY2008 09 10 11 1
Slide 20: 12. Foreign Exchange Rate Trend
12. Foreign Exchange Rate Trend US$ Stg.£ RMB 350 Current Rate (Yen) 21 300 16.05 16.32 19.73 16.49 18 15.46 250 212.36 12.47 15 192.8 200 159.54 172.63 12 150.28 138.32 145.77 133.04 129.77 123.13 150 9 100 122.49 6 106.42 98.61 101.37 102.88 112.00 50 96.02 88.49 3 80.73 79.31 0 0 2Q FY2008 09 10
Slide 21: Reference. Automobile Manufacturing Trend
Reference. Automobile Manufacturing Trend 21
Slide 22: Automobile Manufacturing Trend (Results and Forecasts)
Automobile Manufacturing Trend (Results and Forecasts) Japan Asia （Thousands） （Thousands） 10,000 55,000 9,500 9,251 50,000 45,737 9,000 45,000 8,607 39,791 8,500 40,000 8,000 35,000 7,500 30,000 2015 2016 2017 2018 2019 2020 2021 2015 2016 2017 2018 2019 2020 2021 North and Central Americas
Slide 23: Forward looking statements notice
This slides contains forward looking statements based on prerequisites, forecasts and plans available as of December 5, 2017. Actual results may differ materially from forward looking statements described here due to risks and variable factors associated to global economic conditions, a competitive