Slide 1: Consolidated Financial Results for the Second Quarter of Fiscal Year 2008
Consolidated Financial Results for the Second Quarter of Fiscal Year 2008 ending March 31, 2009 (April 1, 2008 to September 30, 2008) Cre atin gv alu eo ns ite Nov 7, 2008 Yamatake Corporation
Slide 2: Contents
Contents 1 FY2008 2nd Quarter Operating Results p.4 2 Business Plan for FY2008 p.14 3 Establishing Foundation of the azbil Group p.17 4 Return to Shareholders p.20 5 Supplemental Information p.23 Current plans, targets, etc. discussed in this document that are not based on historical fact are projec
Slide 3: Core Business Structure
Core Business Structure ■ Building Automation Business (BA) Concentrating on human-centered Yamatake develops and manufactures an extensive range of building automation, the azbil Group has three automation products; from building automation systems and security systems through to application softwa
Slide 4: FY2008 2nd Quarter Operating Results
1 FY2008 2nd Quarter Operating Results Copyright © 2008 Yamatake Corporation All Rights Reserved. 4
Slide 5: FY2008 2nd Quarter Operating Results
FY2008 2nd Quarter Operating Results Despite sudden changes to the business environment, the initial plan for sales and operating income has been mostly achieved. Taking into consideration the fact that this period has coincided with a temporary lull in job completions for the BA business, and marke
Slide 6: Sales & Operating Income by Business Segment
Sales & Operating Income by Business Segment A temporary lull in job completions contributed to the BA business recording a fall in sales of 1.4 billion yen (3.2%), but operating income rose by 0.2 billion yen (4.8%). Due to deteriorating market conditions and the appreciation of the yen, the AA bus
Slide 7: Building Automation Business
Building Automation Business FY2007 FY2008 This period corresponded with a lull in the （ Mar.31.2008） （ Mar.31.2009） completion of large-scale projects in the 1Q-2Q Act.(A) 1Q-2Q Act.(B) Difference markets for new and existing buildings, so that (Nov.8.2007) (Nov.7.2008) (B)-(A) % sales were below t
Slide 8: Advanced Automation Business
Advanced Automation Business FY2007 FY2008 Capital investment in Japan’s （ Mar.31.2008） （ Mar.31.2009） Difference manufacturing industries was generally 1Q-2Q Act.(A) 1Q-2Q Act.(B) (Nov.8.2007) (Nov.7.2008) (B)-(A) % weak, and both sales and profits were lower than for the same period last year. Sal
Slide 9: Life Automation Business
Life Automation Business FY2007 FY2008 In the LA business progress has been （ Mar.31.2008） （ Mar.31.2009） made with improvements to the profit 1Q-2Q Act.(A) 1Q-2Q Act.(B) Difference (Nov.8.2007) (Nov.7.2008) (B)-(A) % structure, particularly that of Kimmon Manufacturing – a company that plays a Sale
Slide 10: Overseas Sales
Overseas Sales Impacted by the higher exchange value of the yen and the sub-prime mortgage crisis, overall sales were marginally lower than for the same period last year. FY2007 FY2008 （ Mar.31.2008） （ Mar.31.2009） 1Q-2Q Act.(A) 1Q-2Q Act.(B) Difference (Nov.8.2007) (Nov.7.2008) (B)-(A) % Sales 9.4
Slide 11: Consolidated Balance sheets
Consolidated Balance sheets Total assets were 220.5 billion yen (down 8.3 billion yen or 4%) mainly due to a decrease of trade notes and accounts payable-trade. Capital surplus increased by 4.6 billion yen due to the issue of new shares following the share exchange with Kimmon Manufacturing Co.,Ltd.
Slide 12: Trend of Balance sheets
Trend of Balance sheets Current of Assets Cash and Current of liabilities & Net assets deposits Billlions of yen Billion of Yen 250 228.8 Notes and 250 228.8 219.5 220.5 accounts 219.5 220.5 receivable- Notes and 22.5 32.3 42.1 200 33.4 trade 200 37.9 36.2 accounts payable-trade Inventories 19.6 19.
Slide 13: Consolidated Cash Flow
Consolidated Cash Flow Cash flow from operating activities increased significantly as a result of a decrease in accounts receivable-trade. Cash flow from investment activities shows a minus figure due to the purchase of property, plant and equipment and short-term marketable securities. ■Operating ■
Slide 14: Business Plan for FY2008
2 Business Plan for FY2008 Copyright © 2008 Yamatake Corporation All Rights Reserved. 14
Slide 15: FY2008 Consolidated Operating Plan
FY2008 Consolidated Operating Plan Ensuring operating income of at least 20 billion yen with further strengthening of the business infrastructure. It is expected that the business environment will grow even more challenging as a result of reduced domestic capital investment, the deterioration in nat
Slide 16: FY2008 Operating Plan by Segment
FY2008 Operating Plan by Segment BA business results will fall slightly short of the initial plan owing to the effect of the economic downturn on the market for existing buildings. However, it is planned for sales to exceed 100 billion yen and profits to increase by 6.4% over the previous year. The
Slide 17: Establishing Foundation of the azbil Group
3 Establishing Foundation of the azbil Group Copyright © 2008 Yamatake Corporation All Rights Reserved. 17
Slide 18: Improve efficiency and generating synergy through centralization and distribution
To ”firmly establishing the foundation” Improve efficiency and generating synergy through centralization and distribution Groupwide relocation & integration of sales offices Following the 2005 integration of head office Phase 1: Consolidation of functions and the consolidation of sales Group head of
Slide 19: Expand international business by reinforcing and enhancing the business structure
To “ firmly establishing the foundation” Expand international business by reinforcing and enhancing the business structure Integrate subsidiaries in N. America and China (January, 2009) Enhance operational efficiency through sharing resources while strengthening sales activities and customer satisfa
Slide 20: Return to Shareholder
4 Return to Shareholder Copyright © 2008 Yamatake Corporation All Rights Reserved. 20
Slide 21: FY2008 Interim and Year-end Dividend Forecast
FY2008 Interim and Year-end Dividend Forecast As currently planned, in FY2008 interim and year-end dividends are 31 yen per share. Annual dividend per share will be 62 yen. （Interim） （Year-end） （Annual） FY2008 31 yen + 31 yen ＝ 62 yen Yen 80 Commemorative dividend 60yen 62yen Year-end dividend 40yen
Slide 22: Repurchase of the Company's Own Shares
Repurchase of the Company’s Own Shares Enhance the return profits to shareholders and facilitate flexible capital strategy in response to change in corporate environment November 7, 2008 The Board of Directors’ decision to repurchase the Company’s own shares 1. Type of shares to be repurchased: Comm
Slide 23: Supplemental Information
5 Supplemental Information Copyright © 2008 Yamatake Corporation All Rights Reserved. 23
Slide 24: Reinforcing Product Power with Original Technologies and New Products
Products launched in April through September 2008 Reinforcing Product Power with Original Technologies and New Products Systems for creating safe & Products targeting new business secure office/production Products supporting key industries domains environment z2-point detection z “IDSMART “ security
Slide 25: Capital Investments, Depreciation and R&D cost
Capital Investments, Depreciation and R&D cost FY2007 FY2008 （Mar.31.2008） （Mar.31.2009） Act.(A) 1Q-2Q Act. 3Q-4Q est. Forecast(B) Dif.(B)-(A) % ●Capital investments Yamatake 3.7 bi l . 2.9 bi l . 3.1 bi l . 6.0 bi l . 2.3 bi l . 62.4 ％ Consoli. Sub. 0.8 bi l . 0.5 bi l . 0.7 bi l . 1.2 bi l . 0.4 b
Slide 26: On October 1, 2008 the Yamatake Group became the azbil Group
As the azbil Group, we meet the variety of expectations of society and our customers On October 1, 2008 the Yamatake Group became the azbil Group BA: Applying original environmental control technologies to create business and production spaces where people can work efficiently and in comfort, while