Citizen Watch Co, Ltd. · TSE:7762
Citizen Watch — Q1 FY2004 Earnings Presentation
9 slides from Citizen Watch's earnings presentation, September 2004
Slide 1: Citizen 2004 First Quarter Results
CITIZEN 2004 CITIZEN 1. 2004 1
Slide 2: 1Q03 vs 1Q04 results summary
1 1Q03 1Q04 839 911 +71 +8.5% 56 6.8% 109 12.0% +52 +91.9% 64 7.6% 120 13.2% +56 +87.4% 34 4.1% 60 6.6% +25 +74.9% USD 119 109 -10 EURO 131 132 +1 USD 6 4 EURO 1.3 0.5 3 839 969 1,048 899 911 1Q03 2Q03 3Q03 4Q03 1Q04 56 105 135 57 109 1Q03 2Q03 3Q03 4Q03 1Q04 4
Slide 3: Quarterly segment sales and profit trends
04 1 400 280 327 369 293 280 300 200 100 0 1Q03 2Q03 3Q03 4Q03 1Q04 80 29 62 71 21 42 24% 60 18% 19.2% 19.5% 40 12% 15.1% 20 10.4% 6% 7.5% 0 0% 1Q03 2Q03 3Q03 4Q03 1Q04 5 04 1 600 404 468 509 433 463 400 200 0 1Q03 2Q03 3Q03 4Q03 1Q03 80 34 50 66 45 71 20% 60 15% 15.4% 40 13.0% 10% 10.7% 10.5% 20 8.
Slide 4: Quarterly segment sales and profit trends
04 1 100 57 78 62 80 78 75 50 25 0 1Q03 2Q03 3Q03 4Q03 1Q04 10 4 8 7 8 9 20% 8 16% 6 12% 4 11.2% 11.9% 10.9% 11.9% 8% 2 8.4% 4% 0 0% 1Q03 2Q03 3Q03 4Q03 1Q04 7 04 1 120 96 94 105 92 88 80 40 0 1Q03 2Q03 3Q03 4Q03 1Q04 10 10% 4 0 8 1 3 8 8% 6 7.7% 6% 4 4% 4.8% 1.2% 2 0.3% 4.1% 2% 0 0% 1Q03 2Q03 3Q03
Slide 5: Annual trends FY00-FY04
2004 3 31 -18 +53 +1 -6 CMS -36 -34 +41 +7 9 300 274 200 201 180 172 100 133 0 46 FY00 FY01 FY02 FY03 FY04 300 200 230 220 182 166 170 100 0 40 FY00 FY01 FY02 FY03 FY04 10
Slide 6: Annual ratios and balance trends
120 4% 100 3.2% 100 3% 80 3.0% 2.5% 2.5% 2.5% 60 2% 113 106 94 40 84 1% 20 22 0 0% FY00 FY01 FY02 FY03 FY04 11 25,000 21,949 19,220 18,703 19,864 20,353 20,000 11,978 15,000 10,973 12,029 12,501 10,909 10,000 5,000 9,971 8,247 7,794 7,835 7,852 0 2001/03 2002/03 2003/03 2004/03 2004/06 12
Slide 7: Forecast for fiscal 2004
1. 2004 1 2. 2004 8 17 – – – 13 2004 2004 2003 1,870 1,900 1,808 200 10.7% 180 9.5% 162 9.0% 210 11.2% 190 10.0% 160 8.9% 100 5.3% 90 4.7% 83 4.6% USD 109 105 119 EURO 133 130 133 4,000 4,000 3,757 410 10.3% 410 10.3% 355 9.5% 430 10.8% 430 10.8% 353 9.4% 200 5.0% 200 5.0% 194 5.2% USD 107 105 114 E
Slide 8: Segment results FY02-FY04
04 800 627 707 608 663 600 600 400 200 0 FY02 FY02 FY03 FY03 FY04 100 64 89 91 93 90 20% 75 15% 15.1% 14.1% 15.0% 50 10% 12.6% 10.2% 25 5% 0 0% FY02 FY02 FY03 FY03 FY04 15 04 1000 615 753 873 943 920 800 600 400 200 0 FY02 FY02 FY03 FY03 FY04 150 34 49 84 112 126 20% 15% 100 13.7% 10% 11.9% 50 9.7%
Slide 9: Segment results FY02-FY04
04 200 103 113 136 143 170 150 100 50 0 FY02 FY02 FY03 FY03 FY04 25 20% 1 9 13 16 20 20 16% 15 12% 10 11.4% 11.8% 8% 10.0% 5 1.5% 8.1% 4% 0 0% FY02 FY02 FY03 FY03 FY04 17 04 240 202 217 191 198 180 180 120 60 0 FY02 FY02 FY03 FY03 FY04 12 11 1 4 9 3 10% 10 8 6 5% 4 5.7% 4.7% 2 0.5% 2.6% 1.7% 0 0% FY