Thk Co., Ltd. · TSE:6481

Thk — H1 FY2010 Earnings Presentation

21 slides from Thk's earnings presentation, Nov 13, 2009

  1. Slide 1: Interim Financial Results Briefing

    INTERIM FINANCIAL RESULTS BRIEFING November 13th 2009 THK CO., LTD. President & CEO AKIHIRO TERAMACHI This presentation material contains forward looking statements that reflect the Company’s business plans, performance projections, and strategic forecasts. Such statements are based on information c

  2. Slide 2: 1. Financial Results

    1. Financial Results 1st Half of Fiscal Year ending March 2010 Copyright THK CO.,LTD.2009. All rights reserved.

  3. Slide 3: Financial Highlights

    Financial Highlights Net sales decreased by 55.2 %, compared to the same period in the previous year, to ¥ 47.4 billion. „ In Japan, although electronics-related demand showed the recovery in the latter part of period, net sales declined because the sales decline in the beginning of period was large

  4. Slide 4: Trend in Net Sales

    Trend in Net Sales 120,000 100,000 80,000 60,000 40,000 20,000 0 0 20,000 40,000 60,000 80,000 100,000 120,000 Industrial Equipment- Transportation Equipment- Europe Japan Related Business Related Business 8,923 2008/3 1H 12,773 64,365 100,348 80,548 19,800 14,287 Millions of yen Asia and others Ame

  5. Slide 5: Trends in Sales-Cost Ratio and SG&A

    Trends in Sales-Cost Ratio and SG&A 85.5% 79.2% Sales-cost ratio increased by 16.8points Y/Y 68.7% 68.7% COGS ratio 66.0% „THK unconsolidated: Up 13.2 points Y/Y ・Sales decline ・Decrease in fixed cost „Consolidated Subsidiaries 74,457 72,684 ・Sales decline COGS 66,198 58,243 ・Decrease in fixed cost

  6. Slide 6: Operating Income - Cause of Change

    Operating Income - Cause of Change - 11.8 Billions of yen Operating income by Operating income by geographical segment business segment Japan △4,642 million Transportation Equipment- （Down ¥ 17,616 million from Related Business previous period） △2,694 million Americas △299 million （Down ¥ 1,289 mill

  7. Slide 7: Trends in Net Income

    Trends in Net Income 553 6,536 11,854 6,491 Extraordinary Expense (Net) （Up ¥ 504 million Y/Y) 1,726 „Cost of temporary close and others (48) 2009/3 1H Net Income (6,705) （Down ¥ 13,197 million Y/Y) (9 , 4 1 2 ) Operating Income Millions （Down ¥ 21,266 million Y/Y) of yen Income Taxes and Others （Do

  8. Slide 8: Trends in Assets, Liabilities and Net Assets

    Trends in Assets, Liabilities and Net Assets Current assets（Down ¥ 5,044 million from Current liabilities (Down ¥ 9,748 million previous period） from previous period) Liabilities/ Assets „Cash and cash in account: Up ¥ 6,643 „Accounts payable: Down ¥ 5,931 million Net Assets million from previous pe

  9. Slide 9: Cash Flow Trend

    Cash Flow Trend Cash Flows from Financing Activities „Issue of bond ¥ 10,000million „Payment of dividend (¥ 1,031)million Cash Flows from Operating Activities „Income before income taxes and minority interest (¥ 8,808) million 18,582 „Depreciation and amortization ¥ 4,842million 13,395 „Amortization

  10. Slide 10: 2. Management Strategy Forward

    2. Management Strategy Forward Copyright THK CO.,LTD.2009. All rights reserved.

  11. Slide 11: Current Management Environment

    Current Management Environment ・Rising Principle for Environment ・Increase in Electronics in Vehicles ・Growing Number of Numerical Control Machines Survival Stage Revival Stage Keywords ●Carbon Offset ●Cash Management ●Protectionism Copyright THK CO.,LTD.2009. All rights reserved. 10

  12. Slide 12: Full Scale Globalization

    Continuous Medium-term Management Plan Consolidated Sales ¥ 300 billion Full Scale Globalization ROA15％ 2012/0 2012/03 More growth in profit Expansion of Sales Network in China 2011/0 2011/03 Return to surplus Expansion of Sales Network IMT Division in Europe ACE Division FAI Division Development of

  13. Slide 13: Step of Globalization

    Step of Globalization Overseas sales ratio THK RHYTHM 50% THK WUXI (THAILAND) TME (China) (France) Overseas sales ratio 41% 34% THK LIAONING (China) DALIAN THK TMA (China) (US) Expansion of Sales Network in China Expansion of Sales Network in Europe Net Sales THK LM SYSTEM (Singapore) established 1H

  14. Slide 14: Important Topics of Action

    Important Topics of Action Purchase Production Distribution Sales Service, others Strengthen cost control Promote Management Base Enhancement Project Establishment of IMT Japan Expanding sales on new division Promote global purchase Improve productivity by time Realize the best efficiency business a

  15. Slide 15: 3. Fiscal Year Ending March 2010 Financial Forecast

    3. Fiscal Year Ending March 2010 Financial Forecast Copyright THK CO.,LTD.2009. All rights reserved.

  16. Slide 16: Orders Received by Region

    Orders Received by Region THK THKHoldings Holdingsof of America, America, L.L.C. L.L.C. THK Europe THK EuropeB.V. B.V. Y/Y, millions of Euro Y/Y, millions of dollars 80 34.4 11.7 12.5 18.2 21.3 15.9 3.3 2.5 1.8 9.2 50 (6.5) (4.2) (1.8) 60 (1.7) (31.8) 40 (25.5) (36.6) (38.2) (54.3) (45.1) 40 (59.7)

  17. Slide 17: Financial Forecast (Consolidated)

    Financial Forecast (Consolidated) 2010.3 FY 2010.3 1H 2009.3 FY (Revised Forecast) (May Forecast) (Result) (Result) Net Sales 110,000 110,000 47,402 179,269 Y/Y △38.6％ △38.6％ △55.2％ △14.1％ Operating Income △14,300 △15,000 △9,412 8,523 Y/Y - - - △68.4％ Ordinary Income △13,400 △14,300 △8,760 8,329 Y/Y

  18. Slide 18: Financial Forecast (Non-consolidated)

    Financial Forecast (Non-consolidated) 2010.3 FY 2010.3 1H 2009.3 FY (Revised Forecast) (May Forecast) (Result) (Result) Net Sales 64,000 60,000 26,155 112,519 Y/Y △43.1％ △46.7％ △63.7％ △20.4％ Operating Income △6,000 △7,200 △4,542 8,142 Y/Y - - - △62.9％ Ordinary Income △5,700 △7,200 △4,423 7,447 Y/Y -

  19. Slide 19: Website

    Website http://www.thk.com Copyright THK CO.,LTD.2009. All rights reserved.

  20. Slide 20: Support Statement - Trends in orders, sales and backlog

    Support Statement –Trends in orders, sales and backlog （domestic・unconsolidated） – (¥ 1million) 35,000 Orders 30,000 Sales Backlog 25,000 20,000 15,000 10,000 5,000 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6

  21. Slide 21: Support Statement - Trends in orders classified by industry

    Support Statement –Trends in orders classified by industry (unconsolidated）– (¥ 1million) 12,000 Machine tool 10,000 General Machinery Electronics 8,000 6,000 4,000 2,000 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1

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