Slide 1: SUMIDA CORPORATION 4th Quarter & Fiscal Year Results - 2006
SUMIDA CORPORATION 4th Quarter & Fiscal Year Results - 2006 27th February, 2007 CFO SABURO MATSUDA 1
Slide 2: 1. Consolidated Results of Operations for Q4
1. Consolidated Results of Operations for Q4 (Unit: million yen) 2006 Q4 Achievement Change 2005 Q4 2006 Q4 (%) Forecast (%) Net sales 10,317 17,162 66.3 15,800 108.6 Operating 926 608 (34.3) 1,100 55.3 income Operating 9.0 3.5 7.0 income ratio Ordinary 997 492 (50.7) 930 52.9 income Net income 1,15
Slide 3: 2. Consolidated Results of Operations for Q4 (substantial)
2. Consolidated Results of Operations for Q4 (substantial) (Unit ：million yen) Change 2006 Q4 Achievement 2005 Q4 2006 Q4 (%) Forecast (%) Net sales 10,317 17,162 66.3 15,800 108.6 Operating 926 1,230 32.8 1,100 111.8 income Operating 9.0 7.2 7.0 income Ratio Ordinary 997 1,114 11.7 930 119.8 income
Slide 4: 3. Consolidated Results of Operations for Full fiscal year 2006
3. Consolidated Results of Operations for Full fiscal year 2006 (Unit :million yen) Change FY2006 FY2005 FY2006 (%) (Substantial) Net sales 39,666 63,508 60.1 63,508 60.1 Operating 3,183 4,171 31.0 4,793 50.6 income Operating 8.0% 6.6% 7.5% income ratio Ordinary 2,853 4,505 57.9 5,127 79.7 income Ne
Slide 5: 4. Net Sales Analysis
4. Net Sales Analysis (Unit：million yen) FY2006 FY2005 Change(%) Power Solution 3,807 2,794 36.3% Power Inductor 15,272 12,679 20.5% Signal 4,555 3,842 18.6 23,634 19,315 22.4% Inverter 7,520 10,536 (28.6%) Automotive 8,231 7,592 8.4% Others 2,864 2,223 28.8% VOGT 21,259 － － Total 63,508 39,666 60.1
Slide 6: 5-1. Operating Profit Analysis
5-1. Operating Profit Analysis (Unit：million yen) Former VOGT Total SUMIDA Net sales 42,249 21,259 63,508 Operating income 3,073 1,098 4,171 7.3％ 5.2％ 6.6％ 6
Slide 7: 5-2. Operating Profit Analysis
5-2. Operating Profit Analysis (Unit：million yen) Former SUMIDA FY2006 Operating income 3,073 FY2005 Operating income 3,183 (110) FY2006 Inverter (200) Automotive (800) Mexico： (400) Material Cost： (400) Legacy 1,300 Panta 50 SGA (460) (110) 7
Slide 8: 6. Non-operating Profit and Loss/ Extraordinary Profit and Loss
6. Non-operating Profit and Loss/ Extraordinary Profit and Loss ◎Non-operating Profit and loss Foreign currency 1,145 million yen increase by 1,006 Exchange gain million yen Equity method loss 514 million yen increase by 128 million yen (Shareholders' equity (288 million yen) fluctuation gain) 226 m
Slide 9: 7-1. Goodwill (as of 1st January 2006)
7-1. Goodwill（as of 1st January 2006） TOB PPR Total Acquisition amount €19,835K €17,000K €36,835K Net assets € 9,770K € 5,630K €15,400K Goodwill €10,065K €11,370K €21,435K = 3,350 million yen PPR (Profit Participation Right) ① Right to exercise Stock Option (equivalents1,300,000 shares) at €1 per sh
Slide 10: 7-2. Goodwill
7-2. Goodwill B/S (Unit ：million yen) Deferred income tax assets 4,800 Minority interest Goodwill 3,350 no resorted interest 1,800 B/S B/S Deferred income tax Goodwill 3,350 assets 4,800 Valuation △3,250 reserve 1,550 Minority interest no resorted interest 1,800 10 3,350
Slide 11: 7-3. Goodwill
7-3. Goodwill PPR Payable 1st January €5,630K End of December €1,360K favor €4,270K €4,270K = 622 million yen 11
Slide 12: 8. Forecast of 1st Quarter for 2007
8. Forecast of 1st Quarter for 2007 FY2007 FY2006 Forecast Actual for Q1 for Q1 Favor (%) Net sales (million yen) 16,400 14,806 10.8 Operating income (million yen) 900 1,082 (16.8) Operating 5.5 7.3 income ratio (%) Ordinary income (million yen) 650 1,206 (46.1) Net income (million yen) 390 727 (46.
Slide 13: SUMIDA CORPORATION 4th Quarter & Full Fiscal Year Results - 2006
SUMIDA CORPORATION 4th Quarter & Full Fiscal Year Results - 2006 27th February, 2007 CEO SHIGEYUKI YAWATA 13
Slide 14: Product-by-product Sales of FY2006
Product-by-product Sales of FY2006 Rank FY2006 FY2005 FY2006/FY2005 2005 2006 Products Actual Share (％) Actual Change（％） 1 VOGT Components 18,878 29.73 1 2 Power Inductor 15,272 24.05 12,679 20.45 ↑↑ 3 3 Automotive 8,230 12.96 7,592 8.40 ↑ 2 4 Inverter 7,520 11.84 10,534 -28.61 ↓↓ 4 5 Signal 4,555 7
Slide 15: Business Challenge of FY2007
Business Challenge of FY2007 Outlook for FY2007 1B7 Expansion of company scale By the end of FY2007, to establish the basis of Organic Growth Sales 100 billion yen and EBITDA sales ratio 10% ¾ To achieve over 70 billion yen of sales ¾ Magnetics & Automotive to lead whole SUMIDA group performance s
Slide 16: FY2007 Improvement of Operational Profit
FY2007 Improvement of Operational Profit (unit: million yen) Net Sales Operational Income Ratio (%) 100,000 12 10 80,000 8 60,000 6 4 40,000 2 20,000 0 2003 2004 2005 2006 2007 Year 2006 SUMIDA (excluding VOGT) Operating Income Ratio 7.3% => 8.7% (Excluding Inverter, Mexico) VOGT Operating Income Ra
Slide 17: Disclaimer
Disclaimer This material is provided to investors and business clients only for the purpose of evaluation of our company. Final decision must be made by each investor. The company shall not take any responsibility for any damage arising in connection with the information provided herein that investo