Hamamatsu Photonics K.k. · TSE:6965
Hamamatsu Photonics K.k — FY2020 Earnings Presentation
36 slides from Hamamatsu Photonics K.k's earnings presentation, Nov 11, 2020
Slide 1: Fiscal Year ended September 30, 2020 Financial Report
Hamamatsu Photonics K.K. Fiscal Year ended September 30, 2020 Financial Report Tokyo Stock Exchange : 6965 11.11. 2020 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 1
Slide 2: Notes
Notes This material is not intended to be a solicitation to buy or sell any securities of Hamamatsu Photonics K.K. The information contained in this material is based on data available as of making it. No guarantees, promises are made as to its accuracy or completeness. This material includes
Slide 3: Summary of consolidated results; Consolidated medium to short-term plan
1. Summary of consolidated results 2. Consolidated medium to short-term plan 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 3
Slide 4: Summary of consolidated financial results
Summary of consolidated financial results 1. Net sales are 140.2 billion yen (down by 3.9% from last year, -5.6 billion yen). Sales declined in many applications in the 2nd half of the fiscal year, significantly affected by the stagnation of economic activity due to the novel coronavirus infection,
Slide 5: Impacts of the novel coronavirus infection (COVID-19)
Impacts of the novel coronavirus infection (COVID-19) (Unit : Million yen) 2nd half of FY2020 *Forecast at the end of the 2nd quarter *Revised forecast at the end of the 3rd Result giving no thought to COVID-19 impact quarter considering COVID-19 impact Net sales 65,625 67,276 74,625 Amount Rate (9,
Slide 6: Consolidated financial results
Consolidated financial results Unit :Million Yen Compared Sales : 1st half FY2019 FY2020 with prev. year result result 72.9 billion yen (-1.4 billion yen from last year) Amount Rate 2nd half Net Sales 145,912 140,251 (5,661) (3.9 %) 67.2 billion yen (-4.2 billion yen from last year) Gross Profit 73,
Slide 7: Analysis of impact by currency fluctuation to Operating Profit
Analysis of impact by currency fluctuation to Operating Profit 2019-2020 Unit :Million Yen *Excluding currency exchange effects 30,000 Decrease of gross profit Amount due to Decrease of SG & A by sales decrease change in gross and R & D Impact by currency (2,012 ) profit ratio expenses 25,000 + 1,36
Slide 8: FY2020 sales by industry & application
FY2020 sales by industry & application Transport instrument Optical Information Consumer Others (automotive sensor, instrument /communication auto-LAN, ITS) 0.7% 5.3% 2.9% 1.2% 1.3% Measuring instrument Nuclear medical (radiation monitoring, instrument (X-ray CT, PET, oil well logging) gamma camera,
Slide 9: Sales by industry & application
Sales by industry & application Dental decreased significantly in 2nd Overall influenced by COVID-19. In high-energy physics, PMT decreased half due to customers’ shutting down Semiconductor improved. Non-destructive and Opto-semiconductor increased. of their plants. However, laboratory inspection f
Slide 10: Consolidated financial results by business segment
Consolidated financial results by business segment Unit :Million Yen Amount of Segment Account item FY2019 FY2020 change / Summary percent change (4,957) Analytical instrument has decreased. Net sales 59,593 54,636 …Due to the closure of research institutions and (8.3 %) the stagnation of sales acti
Slide 11: Sales by region
Sales by region Europe Asiaand Asia andChina China Japan NorthAmerica North America FY2019 23.6％ 22.5％ 28.5％ 25.3％ Unit :Million Yen FY2020 22.2％ 26.0％ 25.9％ 25.7％ Unit :Million Yen Europe Asia (of which China) Japan North America FY2019 34,493 32,775 (20,629) 41,576 36,850 FY2020 31,160 36,432 (22,
Slide 12: Capital investment, Depreciation, R & D expense
Capital investment, Depreciation, R & D expense Unit :Million Yen Capital investment Depreciation R & D expense and ratio of R & D expenses to New building at Shingai factory (Opto- 15,000 semiconductor) … 3,800 million yen sales New building at Toyooka factory (Electron 14,000 22,000 tube) … 4,300
Slide 13: Summary of consolidated results; Consolidated medium to short-term plan
1. Summary of consolidated results 2. Consolidated medium to short-term plan 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 13
Slide 14: Summary of FY2021 and medium to short-term plan
Summary of FY2021 and medium to short-term plan 1. Sales to be still affected by COVID-19 in the 1st half of FY2021 and to recover from 2nd half. Net sales projection are 145.6 billion yen (up by 3.8% year-on-year, +5.3 billion yen). Operating profit is planed to be 22.2 billion yen (up by 2.1% year
Slide 15: Sales & profit through FY2023
Sales & profit through FY2023 Sales Unit :Million Yen Profit 180,000 40,000 160,000 35,000 Average annual 140,000 30,000 growth rate for 3yrs 120,000 100,000 25,000 Medical-bio : +4.4 ％ 20,000 80,000 Industrial : +10.4 % 15,000 60,000 10,000 Analytical : +4.2 % 40,000 20,000 5,000 Academic : +17.4 %
Slide 16: Consolidated financial forecast
Consolidated financial forecast Unit :Million Yen Compared FY2020 FY2021 Sales : 1st half with prev. year result forecast 70,800 million yen (-2,100 million yen from last year) Amount Rate 2nd half Net Sales 140,251 145,600 5,349 3.8 % 74,800 million yen (+7,500 million yen from last year) Gross Pro
Slide 17: Analysis of impact by currency fluctuation to operating profit
Analysis of impact by currency fluctuation to operating profit (trial calculation) 2020-2021 *Excluding currency exchange effects Unit :Million Yen 35,000 Amount due to Increase of gross profit change in gross Increase of SG & A by sales increase and R & D expenses Impact by profit ratio currency 30
Slide 18: Sales forecast by industry & application
Sales forecast by industry & application Dental X-ray expected to recover from 2nd Semiconductor continues to Expected to resume activities of half. Special demand for PCR testing to increase. Non-destructive inspection universities and other research institutes. calm down, but demand for laboratory
Slide 19: Consolidated financial forecast by business segment
Consolidated financial forecast by business segment Unit :Million Yen Amount of FY2021 Segment Account item FY2020 change / Summary (Forecast) percent change 2,314 Medical-bio instrument is expected to increase. Net sales 54,636 56,950 …Laboratory testing to increase. 4.2 ％ Academic research is expe
Slide 20: Plans of Capital investment, Depreciation, R & D expense
Plans of Capital investment, Depreciation, R & D expense Unit :Million Yen Capital investment, Depreciation R & D expense and New building New building ratio to sales 30,000 …3,800 million yen … 8,600 million yen 15,000 10.0% 14,500 25,000 14,000 8.8% 9.0% 8.7% 22,500 New building 8.4% 7.9% …3,500 m
Slide 21: Group offices and affiliates
Asia North America HAMAMATSU PHOTONICS K.K. HAMAMATSU CORPORATION Headquarters Main Office / California Office HAMAMATSU PHOTONICS (CHINA)Co., Ltd. PHOTONICS MANAGEMENT Corp. Head Office / Shanghai Branch / Shenzhen Branch ENERGETIQ TECHNOLOGY, Inc. BEIJING HAMAMATSU PHOTON TECHNIQUES INC. Head Offi
Slide 22: 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved.
🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 22
Slide 23: Fiscal Year ended September 30, 2020 Databook
Hamamatsu Photonics K.K. Fiscal Year ended September 30, 2020 Databook Tokyo Stock Exchange : 6965 11.11. 2020 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 23
Slide 24: Notes
Notes This material is not intended to be a solicitation to buy or sell any securities of Hamamatsu Photonics K.K. The information contained in this material is based on data available as of making it. No guarantees, promises are made as to its accuracy or completeness. This material includes
Slide 25: Consolidated income statements
Consolidated income statements Unit :Million Yen FY2019 FY2020 FY2021(Forecast) FY2022(Forecast) FY2023(Forecast) 1st half 2nd half Year % 1st half 2nd half Year % 1st half 2nd half Year % Year % Year % Net sales 74,413 71,499 145,912 100.0 72,975 67,276 140,251 100.0 70,800 74,800 145,600 100.0 157
Slide 26: Sales by industry & application (consolidated)
Sales by industry & application (consolidated) Unit :Million Yen FY2019 FY2020 FY2021 (Forecast) Application March September March September March September 1st half nd 2 half Year % 1st half nd 2 half Year % 1st half nd 2 half Year % Medical-bio instrument 28,894 28,878 57,771 39.6 30,365 26,985 57
Slide 27: Sales by industry & application of Electron tube segment
Sales by industry & application of Electron tube segment Unit :Million Yen FY2019 FY2020 FY2021 (Forecast) Application March September March September March September 1st half nd 2 half Year % 1st half nd 2 half Year % 1st half nd 2 half Year % Medical-bio instrument 10,445 9,911 20,356 34.2 10,582
Slide 28: Sales by industry & application of Opto-semiconductor segment
Sales by industry & application of Opto-semiconductor segment Unit :Million Yen FY2019 FY2020 FY2021 (Forecast) Application March September March September March September 1st half nd 2 half Year % 1st half nd 2 half Year % 1st half nd 2 half Year % Medical-bio instrument 15,720 16,536 32,256 48.9 1
Slide 29: Sales by industry & application of Imaging and measurement instruments segment
Sales by industry & application of Imaging and measurement instruments segment Unit :Million Yen FY2019 FY2020 FY2021 (Forecast) Application March September March September March September 1st half nd 2 half Year % 1st half nd 2 half Year % 1st half nd 2 half Year % Medical-bio instrument 2,616 2,35
Slide 30: Major subsidiaries income statements (The U.S., Germany, China)
Major subsidiaries income statements (The U.S., Germany, China) Local currency (thousand local currency) Yen (million yen) Company Account item FY2019 FY2020 FY2019 FY2020 Year ％ Year ％ Year Year Net sales 365,939 100.0 377,686 100.0 40,289 40,737 Hamamatsu Corporation Gross profit 78,942 21.6 74,46
Slide 31: Consolidated financial forecast by business segment
Consolidated financial forecast by business segment Unit :Million Yen FY2020 FY2021 FY2019 FY2022 FY2023 (Forecast) (Forecast) (Forecast) (Forecast) 1st half 2nd half Year 1st half 2nd half Year 1st half 2nd half Year Electron tube 30,000 29,593 59,593 28,626 26,010 54,636 28,050 28,900 56,950 59,60
Slide 32: Electron tube's consolidated performance
Electron tube's consolidated performance Unit :Million Yen FY2021 FY2022 FY2023 FY2019 FY2020 (Forecast) (Forecast) (Forecast) 1st half 2nd half Year % 1st half 2nd half Year % 1st half 2nd half Year % Year % Year % Net sales 30,000 29,593 59,593 100.0 28,626 26,010 54,636 100.0 28,050 28,900 56,950
Slide 33: Opto-semiconductor's consolidated performance
Opto-semiconductor's consolidated performance Unit :Million Yen FY2021 FY2022 FY2023 FY2019 FY2020 (Forecast) (Forecast) (Forecast) 1st half 2nd half Year % 1st half 2nd half Year % 1st half 2nd half Year % Year % Year % Net sales 34,018 31,988 66,006 100.0 35,219 31,447 66,666 100.0 32,100 34,800 6
Slide 34: Imaging & measurement instrument's consolidated performance
Imaging & measurement instrument's consolidated performance Unit :Million Yen FY2021 FY2022 FY2023 FY2019 FY2020 (Forecast) (Forecast) (Forecast) 1st half 2nd half Year % 1st half 2nd half Year % 1st half 2nd half Year % Year % Year % Net sales 9,296 9,116 18,412 100.0 8,110 8,644 16,754 100.0 9,500
Slide 35: Consolidated capital investment, R & D expenses and depreciation
Consolidated capital investment, R & D expenses and depreciation Unit :Million Yen FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 Ratio to Ratio to Ratio to Ratio to Ratio to Ratio to Amount Amount Amount Amount Amount Amount sales (%) sales (%) sales (%) sales (%) sales (%) sales (%) 1st quarter 3,122 1
Slide 36: 🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved.
🄫 Hamamatsu Photonics K.K. and its affiliates. All Rights Reserved. 36
Hamamatsu Photonics K.K. — FY2020 Earnings Presentation on 6ix