Oki Electric Industry Company, Limited · TSE:6703
Oki Electric Industry — Q1 FY ending March 2010 Earnings Presentation
10 slides from Oki Electric Industry's earnings presentation, Jul 31, 2009
Slide 1: Financial Results for the Q1 of FY ending March 31, 2010
Financial Results for the Q1 of FY ending March 31, 2010 July 31, 2009 Oki Electric Industry Co., Ltd. • The projections and plans in this material are subject to change depending upon the changes of business environments and other conditions. • Indication method of amounts in hundred millions (yen)
Slide 2: Table of Contents
Table of Contents I. Financial results for the Q1, FY ending Mar. 2010 1. Profit and loss 2. Segment information 3. Changing factors of operating income 4. Balance sheets 5. Cash flows FY: Fiscal year c©Copyright ○ Copyright 2006 OkiElectric 2009 Oki Electric Industry Industry Co.,Co.,Ltd. Ltd. S OK
Slide 3: Q1 Profit and Loss
Q1 Profit and Loss Q1 Q1 [YoY comparison] (Billion yen) FY Mar. 2010 FY Mar. 2009 Impact of semiconductor transfer: Net sales 82.6 125.3 Net sales declined by 24.2B yen Excluding Semiconductors 82.6 101.1 Operating loss improved by 1.9B yen Cost of sales 61.5 96.2 ¾SG&A decreased impacted by SG&A 24
Slide 4: Summary of Segment Information
Summary of Segment Information * In the segment information, Semiconductors segment is excluded from the previous year’s results. Given the challenging economic circumstances, OKI’s Q1 results were approximately as planned z Net sales decreased by18.5B yen to 82.6B yen. z Operating loss improved by
Slide 5: Segment Information: Info-telecom Systems
Segment Information: Info-telecom Systems Net sales Net sales ¾ Financial market: (Billion yen) Though sales for ATMs in China was continuously steady, overall net sales decreased as the replacement for ATMs in retail markets 55.0 and a large project of bank branch systems had ran its course, etc. 4
Slide 6: Segment Information: Printers
Segment Information: Printers Impact of currency exchange: Net sales ¾ Net sales declined by 4.7B yen. Operating income declined by 1.8B yen (Billion yen) 38.8 Net sales decreased by 3.0B yen excluding the impact of currency exchange 31.1 Mono NIP/ 16.8 SIDM, etc. ¾ Printer hardware and consumable s
Slide 7: Changing Factors of Operating Income
Changing Factors of Operating Income z Operating income increased by 1.6 billion yen year-on-year. Though there was a decline in marginal profit from decreased sales, decline in price and impact of appreciation of yen, OKI made efforts to reduce procurement and production costs and optimized fixed c
Slide 8: Balance Sheet [Assets]
Balance Sheet [Assets] Because of certificates of deposit held, cash and deposits declined and marketable securities (other assets) increased. Due to the tendency of larger sales in Q4, notes and accounts receivables at March end increase. These receivables are collected in cash, etc. during the nex
Slide 9: Balance Sheet [Liabilities and shareholders’ equity]
Balance Sheet [Liabilities and shareholders’ equity] Interest bearing debt declined through redemption of corporate bonds Though the valuation adjustments increased due to rise of valuation of owned shares, total shareholders’ equity fell from the loss during this quarter (billion yen) 531.2 570.8 8
Slide 10: Cash Flows
Cash Flows Free cash flows increased mainly from improved net income during Q1 Expense in cash flows from financing activities increased by redeeming corporate bonds Q1 Q1 Notes (billion (billion yen) yen) March end. 2010 March end. 2009* I. Cash flows from operating activities 15.4 6.3 Net income b
Oki Electric Industry — Q1 FY ending March 2010 Earnings Presentation on 6ix