Slide 1: Sumida Corporation Performance Briefings FY2019 Q1
SUMIDA CORPORATION Performance Briefings <for FY2019 Q1 ending March 31, 2019> May 8, 2019
Slide 2: Today's Speakers
Today’s Speakers Representative Executive Officer & President Tomoharu Suseki Representative Executive Officer & CFO Yoshiyuki Honda Copyright© 2018 SUMIDA CORPORATION. All rights reserved. 2
Slide 3: Today's Program
Today’s Program 1. FY2019 Q1 Consolidated Financial Results ＣＦＯ Yoshiyuki Honda 2. FY2019 Q1 Performance Results & Management Policies President Tomoharu Suseki 3. Q&A Session Copyright© 2018 SUMIDA CORPORATION. All rights reserved. 3
Slide 4: FY2019 Q1 Consolidated Financial Results
FY2019 Q1 Consolidated Financial Results Yoshiyuki Honda CFO Copyright© 2018 SUMIDA CORPORATION. All rights reserved. 4
Slide 5: Consolidated Quarterly Income Statement
Consolidated Quarterly Income Statement Comparison vs. Previous Year, Quarter （Million yen） 2018 Q1 2018 Q4 2019 Q1 Change % Change % （A） （B) （C） （C)/(A) （C）/(B) S a l e s 22,701 25,314 23,198 2.2％ △8.4％ Gross Income 2,913 4,089 3,089 GI % 12.8% 16.2% 13.3％ O p e ra t i n g I n c o m e 456 1,559 600
Slide 6: Operating Income Analysis 2018 Q1 → 2019 Q1
Operating Income Analysis 2018 Q1 → 2019 Q1 （Million yen） Expenses Costs reduction reduction +46 +140 Production efficiency up +156 China wages FOREX up 2019 Q1 impact -180 Operating +184 Others Income +102 600 2018 Q1 Capacity Operating Utilization Income down 456 -168 Product mix -136 Operating in
Slide 7: Operating Income Analysis 2018 Q4 → 2019 Q1
Operating Income Analysis 2018 Q4 → 2019 Q1 （Million yen） 2018 Q4 Costs Operating reduction Income +69 1,559 Sales /Product mix -344 R＆D Exp. up -249 Capacity 2019 Q1 Utilization Operating down China wages Income -157 up FOREX 600 -90 impact Production Others -86 efficiency -42 down -60 Operating in
Slide 8: Consolidated Statement of Financial Position
Consolidated Statement of Financial Position (Million yen） 2018 2019 2018 2019 Change Change Dec 31 Mar 31 Dec 31 Mar 31 Current Asset 46,292 46,496 203 Current Liabilities 30,155 29,696 △459 Cash & Cash Equivalent 4,098 5,551 1,453 Trade & Other Liabilities 10,392 8,896 △1,495 Trade & Other Receiva
Slide 9: Consolidated Statement of Cash Flow
Consolidated Statement of Cash Flow （Million yen） 2018 Jan-Mar 2019 Jan-Mar Change Cash Flow from Operating Activities 1,480 2,217 736 Income before Taxes 441 265 △175 Depreciation & Amortization 913 1,283 370 Net Working Capital 991 254 △737 Others △865 413 1,279 Cash Flow from Investing Activities
Slide 10: FY2019 Q1 Performance Results & Management Policies
FY2019 Q1 Performance Results & Management Policies Tomoharu Suseki President Copyright© 2019 SUMIDA CORPORATION. All rights reserved. 10
Slide 11: Sales by Quarter
Sales by Quarter （100 million yen ） （+2.2%） 256.8 253.1 ◼ 2019 Q1 Sales grew by 238.4 232.0 227.0 2.2% from 2018 Q1, but largely dropped from Q4 last year ◼ Achieved biggest-ever Q1 sales in 2019 120 Q1 Q2 Q3 Q4 Q1 2018 2019 （yen） USD 109.67 107.92 110.74 112.93 110.23 Euro 133.77 130.06 129.18 129.
Slide 12: Sales by Market
Sales by Market 2018 Q1→2019 Q1 （100 million yen ） Automotive Growth rate was extremely low 147.78 + 1.5% 150.01 on the whole. Sales of many existing products did not grow, but those of EV-, actuator- related expanded. 2018 Q1 2019 Q1 Industry Industry sales increased due to + 5.0% expansion of actu
Slide 13: Sales by Region
Sales by Region 2018 Q1→2019 Q1 （100 million yen） ◼ In China, overall sales Asia excl. China/Taiwan China/Taiwan did not grow. Market- wise, automotive + 0.9% 53.13 - 9.2% dropped sharply while 48.11 48.55 48.22 Consumer electronics grew. 2018 Q1 2019 Q1 2018 Q1 2019 Q1 ◼ In North America, sales lar
Slide 14: Operating Income 2018 Q1→2019 Q1
Operating Income 2018 Q1→2019 Q1 （100 million yen ） ◼ Operating income rose compared to last year as sales expanded. ◼ A growth in operating income was small as a whole. This is + 31.6% 6.00 because of the product mix. 4.56 Lower profit margin products were sold more, while higher profit margin prod
Slide 15: Outlook for Q2
Outlook for Q2 ◼ Comparison with Q1 ✓ Overall demand is improving gradually, not strongly though. ✓ Flagship automotive business started recovering, while a difficult situation continues in Europe. ✓ Sales in both industry and consumer electronics markets are improving. ◼ Factors that may significan
Slide 16: New Sales Office in India
New sales Office in India New sales office was established in India as part of our mid-term business plan, based on which we intend to further promote our sales activities focusing on automotive and industrial markets Profile of the Office (as announced on April 16, 2019) Company name Sumida Electri
Slide 17: Disclaimer Regarding Forward Looking Statements
Disclaimer Regarding Forward Looking Statements Sumida Corporation (referred to as "Sumida") makes this document available for informational purposes only. This document contains certain “forward-looking statements” which reflect management’s current views and the assumptions made with respect to sp
Slide 18: Thank you!
Thank you! Copyright© 2019 SUMIDA CORPORATION. All rights reserved. 18