Fujikura Ltd · TSE:5803
Fujikura — 1H FY2017 Earnings Presentation
22 slides from Fujikura's earnings presentation, Oct 27, 2017
Slide 1: 1st Half FY2017 Financial Results
st. 1 Half FY2017 Financial Results Fujikura Ltd. October 27, 2017
Slide 2: Contents
Contents 1. Review of 1H FY2017 Financial Results and FY2017 Forecasts 2. By Segment 3. Shareholder Return 1
Slide 3: 1. Review of 1H FY2017 Financial Results and FY2017 Forecasts
1. Review of 1H FY2017 Financial Results and FY2017 Forecasts 2
Slide 4: 1H FY2017 Financial Results and FY2017 Forecasts
1H FY2017 Financial Results and FY2017 Forecasts （Unit：Yen in billion） FY2017 FY2016 FY2017 （Released on May 9) 1H 2H FY2016 1H 2H FY2017 1H FY2017 Forecasts Forecasts Net Sales 305.2 348.5 653.7 359.7 370.2 730.0 340.0 700.0 Operating Income 13.8 20.4 34.2 17.5 20.4 38.0 16.0 38.0 Ratio of Operatin
Slide 5: Review of 1H FY2017 Results and FY2017 Forecasts
Review of 1H FY2017 Results and FY2017 Forecasts Net sales increased on a YoY basis owing to the increase of demand in each in- house company and effects of fluctuations in foreign exchange rates and rise in copper price. Operating income increased on a YoY basis because of strong performance of P
Slide 6: 1H FY2017 Contributing Factors to Net Sales Change
1H FY2017 Contributing Factors to Net Sales Change（year-on-year basis） Net Sales （Unit：Yen in billion） Automotive Other Electronics Products Business +0.9 Power & +6.6 Telecommunication Systems +21.4 Effects of Effects of Copper Depreciation Price +6.8 of the Yen +9.2 +9.6 359.7 305.2 54.5 higher th
Slide 7: 1H FY2017 Contributing Factors to Operating Income Change
1H FY2017 Contributing Factors to Operating Income Change（year-on-year basis） Operating Income （Unit：Yen in billion） Automotive Electronics Products Business Power & Change of Telecommunication depreciation Other Systems +2.8 method Effects of (4.3) +0.3 Depreciation +0.9 of the Yen +3.0 +0.9 17.5 1
Slide 8: 1H FY2017 Extraordinary Profit and Loss
1H FY2017 Extraordinary Profit and Loss Extraordinary Profit and Loss （Unit：Yen in billion） FY2016 1H 1H 2H FY2016 FY2017 Operating Income 13.8 20.4 34.2 17.5 Share of other comprehensive income of entities accounted for 0.0 1.0 1.0 0.6 using equity method Ordinary Income 11.9 20.5 32.5 17.6 [1H FY2
Slide 9: Consolidated B/S (1)
Consolidated B/S（１） （Unit：Yen in billion） As of March As of Sept. Change 31, 2017 31, 2017 〈Assets〉 588.6 645.7 +57.0 Current Assets 296.5 338.2 +41.7 Cash and Deposits 31.7 31.3 (0.4) Notes and Account Increased due to the sales 148.9 169.4 +20.5 Receivable increase in Electronics Business Company
Slide 10: Consolidated B/S (2)
Consolidated B/S（2） （Unit：Yen in billion） As of March As of Sept. 31, 2017 Change 31, 2017 Total 588.6 645.7 +57.0 （Treasury Stock） ((5.9)) ((6.3)) ((0.4)) Purchase increased 〈Liability〉 364.0 401.6 +37.5 according to the sales increase mainly in Notes and Account Electronics Business 77.2 94.0 +16.
Slide 11: 2. By Segment
2. By Segment F Fujikura
Slide 12: Financial Results and Forecasts by Segment
Financial Results and Forecasts by Segment （Unit：Yen in billion） Net Sales Operating Income & Ratio of Operating Income to Net Sales 1H 1H 2H FY2017 1H 1H 2H FY2017 Segment Change Change FY2016 FY2017 Forecasts FY2016 FY2017 Forecasts Power & 7.5 12.1 4.6 12.6 Telecommunication 162.5 182.0 19.5 189.
Slide 13: Power & Telecommunication Systems Company
Power & Telecommunication Systems Company In 1H FY2017, both net sales and operating income increased in both power systems and telecommunication segment. For 2H 2017, performance of both power systems and telecommunication systems segments is expect to remain unchanged from 1H FY2017. （Unit：Yen
Slide 14: Electronics Business Company
Electronics Business Company In 1H FY2017, both net sales and operating income increased on a YoY basis owing to the strong demand for FPCs and connectors in smartphone application. For 2H FY2017, net sales of FPC is projected to increase owing to the firm demand in smartphone application. That o
Slide 15: Automotive Products Company
Automotive Products Company In 1H FY2017, net sales increased on a YoY basis owing to launching of new model. However, operating income decreased due to additional costs to respond to the extraordinary turnover rate in East European production sites. For 2H FY2017, net sales is projected to incr
Slide 16: 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 Business Ratio of Operating Income to Net Sales Stable revenues from leasing p
Slide 17: CAPEX and Depreciation Cost
CAPEX and Depreciation Cost （Unit：Yen in billion） FY2016 FY2017 1H Forecasts 1H FY2016 FY2017 （May 9） CAPEX 20.5 45.6 21.3 48.0 （for manufacturing 20.2 37.0 20.6 46.0 business） （for real estate business） 0.2 8.5 0.6 2.0 Depreciation Cost 12.4 27.5 13.2 28.5 （for manufacturing 11.6 25.7 12.2 26.5 bus
Slide 18: Interest-bearing Debts, Net Financial Profit and Free Cash Flow
Interest-bearing Debts, Net Financial Profit and Free Cash Flow （Unit：Yen in billion） FY2016 FY2017 1H 2H FY2016 1H Interest-bearing 229.7 225.9 225.9 241.0 Debts Net Financial (0.6) (0.6) (1.2) (0.2) Profit/Loss Free Cash Flow (18.5) 4.2 (14.3) (11.4) Free Cash Flow = Cash Flow by Operating Activit
Slide 19: 3. Shareholder Return
3. Shareholder Return F Fujikura ————————ttiSS
Slide 20: Profit Return
Profit Return Basic Policy of FY2020 Mid-term Dividend payout ratio 20% or higher FY2017 Forecasts Dividends 14.0 yen per share （Interim 7.0 yen per share, Year-end 7.0 yen per share, 4.0 billion yen） FY2016 Result 10.0 yen per share （Interim 5.0 yen per share, Year-end 5.0 yen per share） （4.0 y
Slide 21: Contact and Special Notes
Special Notes: Statements in this presentation that relate to future results and events (including statements regarding Fujikura’s revenue and earnings guidance) are based on Fujikura’s current expectations. Actual results in future periods may differ materially from those currently expected because
Slide 22: Net Sales and Operating Income by Segment
【 1H FY2017 Financial Results Appendix】 Net Sales and Operating Income by Segment Net Sales Records and Forecasts by Segment Unit: Yen in billion FY2017 FY2016 FY2017 Forecast on May 9 Full 2H Full Year 1Q 2Q 3Q 4Q 1H 2H 1Q Results 2Q Results 1H Results 1H Forecasts Year Forecasts Forecasts Power Sy