Hirose Electric Co., Ltd. · TSE:6806
Hirose Electric — Q3 FY2011 Earnings Presentation
17 slides from Hirose Electric's earnings presentation, Feb 2, 2012
Slide 1: Business Results of Third Quarter, FY2011
Business Results of Third Quarter, FY2011 Creative Links to World Electronic Feb 2nd 2012 Hirose Electric Co.,Ltd 1
Slide 2: Cautionary Statement
Cautionary Statement In this material, there are descriptions based on current estimation by Hirose Electric. Hirose cautions you that a number of important risks, uncertainties and others could cause actual results to differ materially from those discussed in the *forward- looking statements. Thank
Slide 3: Business Situation of 3Q FY2011
Business Situation of 3Q [1Q FY2011] FY2011 • Order level of April were high because of the ahead-of-schedule order influence after the earthquake. However, order level of May and June were sluggish mainly due to the effect of rebound from ahead-of- schedule order in March and April, the lag in mobi
Slide 4: FY2011 Mar-Dec Orders and Sales Changes
FY2011 Mar-Dec Orders and Sales Changes (Non-consolidated Basis, Index Number) 140 Order Sales 120 109 107 101 92 98 99 93 94 100 Average of FY2010 = 100 102 90 84 85 89 88 91 91 80 84 82 78 78 60 40 Mar Apr May Jun Jul Aug Sep Oct Nov Dec 4
Slide 5: Mobile / Smartphone Orders and Sales Changes
FY2011 Mar-Dec Orders and Sales Changes by Markets (Non-consolidated Basis, Index Number) Mobile / Smartphone 140 120 99 100 Average of FY2010 = 100 88 90 86 81 78 78 77 80 83 70 71 79 66 75 59 76 60 71 64 63 56 40 20 Mar Apr May Jun Jul Aug Sep Oct Nov Dec FY2011 Order Sales 5
Slide 6: Digital Consumer Electronic Orders and Sales Changes
FY2011 Mar-Dec Orders and Sales Changes by Markets (Non-consolidated Basis, Index Number) Digital Consumer Electronic 120 110 101 102 103 100 Average of FY2010 = 100 91 99 88 86 97 90 91 81 80 76 71 81 74 72 67 70 70 56 69 60 46 50 40 Mar Apr May Jun Jul Aug Sep Oct Nov Dec FY2011 Order Sales 6
Slide 7: Automotive Orders and Sales Changes
FY2011 Mar-Dec Orders and Sales Changes by Markets (Non-consolidated Basis, Index Number) Automotive 140 125 123 116 119 120 107 106 119 114 115 100 102 94 105 111 100 Average of FY2010 = 100 87 98 82 80 84 78 74 60 Mar Apr May Jun Jul Aug Sep Oct Nov Dec FY2011 Order Sales 7
Slide 8: Associated Electric Equipment, FA Controlling Device, and Others
FY2011 Mar-Dec Orders and Sales Changes by Markets (Non-consolidated Basis, Index Number) Associated Electric Equipment, FA Controlling Device, and Others 160 150 141 140 130 137 128 116 120 114 113 124 110 110 115 105 100 94 100 96 94 Average of FY2010 = 100 90 96 89 90 80 90 84 85 70 Mar Apr May J
Slide 9: Business Results for 3Q FY2011
Business Results for 3Q FY2011 (hundred millions of Yen) (A)FY2010 (B)FY2011 (B)-(A) (B)/(A) Major changes over prior same period 1Q - 3Q 1Q - 3Q (unit: hundred millions of Yen) [Sales] 22.5 increase Overseas Hirose Subsidiaries Hirose Korea Sales 700.2 722.7 22.5 3.2% -60.2 -5.4 +90.1 (COGS Ratio)
Slide 10: Quarterly Sales and Profits
Quarterly Sales and Profits (hundred millions of Yen) 500 50.0% 40.0% 400 Sales 27.8% 28.8% 29.1% 27.3% 30.0% 25.6% 23.5% 24.3% 24.9% 20.7% 300 21.8% 18.0% 20.0% Recurring 241 248 243 Profit 234 231 221 222 222 225 224 10.0% 200 180 Recurring Profit Ratio 0.0% 100 62 64 68 66 64 55 53 59 -10.0% 40 4
Slide 11: Sales by Market FY2011 1Q-3Q
Sales by Market Office Office Machinery Machinery 3% 3% Others Mobile Phone Mobile Phone Others 26% FA Controlling 22% 33% FA Controlling 27% Equipment Equipment 3% 3% FY2011 1Q-3Q FY2010 1Q-3Q Associated Associated Electric Electric Automotive Equipment Equipment 3% 13% 3% Digital NotebookPC Notebo
Slide 12: Sales Changes by Markets (in round numbers)
Sales Changes by Markets (in round numbers) 28%down FY2010 8%up 1Q-3Q FY2011 10%up 1Q-3Q 18%down FA Industrial Digital Notebook Office Wireless *2 Controlling Machinery Mobile and others Consumer PC Communication Equipment Phone / Electronics Smartphone Automotive Cable Associated Computer Related *
Slide 13: Overseas Production and Sales Ratio
Overseas Production and Sales Ratio (%) 60 61 60 59 56 52 Overseas 50 Sales Ratio 41 40 36 32 32 Overseas 34 30 Production Ratio 20 10 0 FY2007 FY2008 FY2009 FY2010 FY2011 FY2011 3Q 1Q-3Q 13
Slide 14: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2011 (B)Dec 31, 2011 (B) - (A) Remark Cash and Cash in Bank 1,094.2 1,037.7 -56.5 Dividend, Share buyback, Yokohama Center Payment, etc. Trade Receivables 230.6 242.6 12.0 Due to sales increase(FY2010/4Q: 224.2 →FY201
Slide 15: Changes in Consolidated Balance Sheet
Changes in Consolidated Balance Sheet (hundred millions of Yen) Account (A)Mar 31, 2011 (B)Dec 31, 2011 (B) - (A) Remark Notes Payable and Account 109.4 114.6 5.2 Purchase increase due to production increase Payable Income Taxes Payable, etc 40.6 26.0 -14.6 Due to tax payment Others 75.7 75.8 0.1 To
Slide 16: Capital Investment and Depreciation Change
Capital Investment and Depreciation Change (Domestic Consolidated Basis) (hundred millions of Yen) 100 40.0 (%) 90 90 Previously 35.0 78 80 ↓ Previously 62 30.0 Capital 70 70 66 ↓ Investment 66 62 63 25.0 Depreciation 60 56 55 50 44 20.0 42 Capital 40 Investment 15.0 Ratio 10.0 30 7.5 Depreciation 7
Slide 17: Business Forecast for the Year Ended March 31, 2012
Business Forecast for the Year Ended March 31, 2012 note) First Half - 1Q & 2Q, Second Half - 3Q & 4Q (unit: hundred millions of Yen) First Half For the Year FY2010 (Actual) FY2011 (Forecast) Over the Previous Actual Amount Over the Previous Actual Amount Amount Amount First Half For the Year First